Jin Rong Shi Bao·2025-11-27 02:22Core Viewpoint - Several banks in China, including Minsheng Bank and China Construction Bank, have recently adjusted the risk ratings of certain publicly offered mutual funds, reflecting a broader industry trend towards stricter investor suitability management and compliance with regulatory requirements [1][2][3] Group 1: Risk Rating Adjustments - Minsheng Bank announced on November 18 that it would adjust the risk ratings of eight mutual fund products from low risk to medium risk, effective November 19 [1] - China Construction Bank has adjusted the risk ratings of 87 mutual fund products, with 32 products moving from "R2 - Medium-Low Risk" to "R3 - Medium Risk" and 55 products from "R3 - Medium Risk" to "R4 - Medium-High Risk" [1][2] - Other banks, such as Postal Savings Bank and Citic Bank, have also made similar adjustments, with Postal Savings Bank raising the risk ratings of 80 mutual fund products and Citic Bank adjusting 17 asset management products [2][3] Group 2: Regulatory Compliance - The adjustments made by banks are primarily based on regulatory requirements, including the "Securities and Futures Investor Suitability Management Measures" and the "Commercial Bank Agency Sales Business Management Measures" [2] - Banks are required to adhere to the principle of "higher risk rating" for similar products and must continuously evaluate product risk ratings in response to market and policy changes [2][3] Group 3: Market Considerations - The increase in risk ratings is driven by current market volatility, with certain equity funds showing increased net asset value fluctuations and liquidity risks due to concentrated holdings [3] - The adjustments are seen as proactive measures by banks to enhance investor suitability management and do not necessarily indicate a general increase in risk across the mutual fund market [3]