Core Viewpoint - The phenomenon of "deposit special forces" has faded as the high-interest deposit rates that attracted savers have diminished, leading to a shift towards a low-interest era in wealth management [1][5][8]. Group 1: Market Trends - In 2023, there was a significant differentiation in deposit rates, with state-owned banks lowering rates while some regional and small banks maintained higher rates to attract deposits [3][4]. - By 2025, a new wave of interest rate cuts began, with many banks, including state-owned and small banks, reducing their deposit rates, leading to a decline in the popularity of "deposit special forces" [4][5]. - The disappearance of long-term deposit products, such as 5-year and 3-year fixed deposits, has been noted, with several banks announcing the removal of these products from their offerings [6][7]. Group 2: Impact on Savers - Savers are now faced with the challenge of wealth preservation and growth in a low-interest environment, necessitating a shift from a single deposit strategy to a diversified asset allocation approach [8][9]. - Recommendations for savers include prioritizing liquidity and safety for short-term needs, while considering structured deposits and insurance products for medium-term goals, and exploring higher-risk investments for long-term growth [8][10]. - The data indicates a growing interest in net value-based financial products, which offer a risk-return profile between deposits and stocks, reflecting a shift in asset allocation strategies among residents [9]. Group 3: Financial Literacy - It is emphasized that savers should enhance their financial literacy, carefully reviewing product details and understanding risk levels and investment strategies before making decisions [10]. - A balanced approach to risk and return is advised, with a focus on aligning investment choices with individual risk tolerance and financial goals [10].

Core Viewpoint - The trend of five-year fixed deposits disappearing from banks' offerings indicates a shift in the banking sector towards optimizing liability structures and reducing costs in response to narrowing net interest margins [1][4][6]. Group 1: Changes in Deposit Products - Several small and medium-sized banks have recently removed five-year fixed deposit products and lowered interest rates across various terms to optimize their liability structures and reduce costs [2][4]. - Notably, banks such as SuShang Bank, HuaRui Bank, and XinAn Bank have been particularly active in adjusting their deposit offerings, with some banks completely omitting five-year fixed deposit rates from their listings [2][4]. - While major banks still offer five-year ordinary fixed deposit products, the interest rates for large fixed deposits have converged with those of ordinary deposits, diminishing the appeal of high-threshold large fixed deposits [3][4]. Group 2: Impact on Banking Sector - The adjustments reflect the banking industry's response to pressures from narrowing net interest margins, which have reached historical lows, with the current net interest margin at 1.42% [4][6]. - The dual impact of declining loan rates and rigid deposit costs has compelled banks to proactively manage their liability costs, with five-year fixed deposits being a primary target for cost reduction [4][6]. - Experts suggest that the trend of reducing high-cost deposit products may continue, as banks aim to stabilize their net interest margins and adapt to changing market conditions [5][6]. Group 3: Implications for Depositors - The gradual phase-out of five-year fixed deposits signals a shift away from traditional "passive interest" strategies, urging depositors to reconsider their asset allocation strategies [5][6]. - Depositors are encouraged to diversify their investments and consider various financial products, such as funds and bank wealth management products, to balance returns and liquidity [6][7]. - The current environment suggests that depositors should adapt to a more flexible and diversified approach to financial management, moving away from reliance on long-term high-interest savings [6][7].

Core Insights - The forum titled "Tide Rising in the East, Intelligent Allocation Globally" was successfully held by Guotai Junan (Chongqing) on November 22, 2023, with participation from over ten financial institutions [1] Group 1: Market Trends and Strategies - Zhang Qian, General Manager of the Asset Allocation Department at Guotai Junan Securities, emphasized the need for upgrading traditional "fixed income +" models in the context of a "low interest rate era" and highlighted the consensus on diversified asset allocation to address market uncertainties and pursue long-term stable returns [4] - Fang Yi, Chief Analyst at Guotai Junan Securities, noted that the underlying logic of the Chinese stock market is undergoing a transformation, characterized by the "transformation bull" where capital market reforms and economic structural transitions mutually reinforce each other, driven by enhanced certainty in China's transformation, deepening capital market reforms, and declining risk-free returns [4] - Zuo Xiuhai, Deputy General Manager, suggested that the "fixed income +" strategy should focus more on investment win rates rather than odds, serving as a stable income base in portfolios, while the equity portion should target areas with medium to long-term logic such as AI and anti-involution, utilizing quantitative strategies to seek excess returns [4] Group 2: Forum Structure and Discussions - The forum featured a main venue and three sub-forums focused on asset allocation, private equity allocation, and wealth allocation, inviting industry experts and leading financial institutions to discuss hot topics such as A-share equity investment strategies, overseas investments, and asset allocation strategies in a low interest rate environment [5]

Core Insights - The mixed-asset financial products are gaining popularity due to their high return potential and effective risk diversification, becoming a focal point for both investors and institutions [1][4] - The market for mixed-asset financial products is expanding significantly, with a notable increase in both returns and market size [2][3] Summary by Category Performance Metrics - As of November 21, four mixed-asset financial products have achieved returns exceeding 20% over the past six months, while 17 products surpassed 15%, with some nearing 40% [1] - The average annualized return for mixed-asset financial products over the past seven days and one month is 13.21% and 6.62%, respectively, reflecting increases of 112.44 basis points and 35.32 basis points from the previous quarter [2] Market Growth - The total outstanding scale of bank wealth management products reached 32.13 trillion yuan as of September 30, 2025, marking a 4.76% increase from 30.67 trillion yuan on June 30, 2025 [3] - The market size of mixed-asset financial products has grown to 670.50 billion yuan, a 40.69% increase from 476.25 billion yuan at the end of the previous year, significantly outpacing the 12.72% growth of fixed-income products [3] Strategic Recommendations - Institutions are encouraged to promote diversified asset allocation and product innovation to enhance product flexibility and meet diverse investor needs [4] - The development of financial technology is expected to improve smart advisory services and dynamic asset allocation, enhancing management efficiency and customer experience [4] - Institutions should focus on green finance and sustainable investment opportunities, leveraging policy support to capture new growth prospects [4]

深圳市金博会运营发展有限公司董事长杨文标表示，2025湾区财富大会是第十九届深圳国际金融博览会 的重要组成活动。作为金博会运营方，他深切体会到，金博会不仅是展示金融实践的窗口，更是金融与 实体经济的连接器、创新成果的放大器、国际合作的助推器。 大会设置主题演讲、圆桌论坛、主题讨论会等多个环节，邀请来自银行、证券、公募基金、保险等各领 域近30位资深嘉宾，从供需两端深度剖析财富管理行业趋势，为大湾区居民财富增值及行业未来转型提 供切实可行的思路，吸引了数百名金融机构代表、大湾区高净值投资者等参会者。 作为大会主办方代表，南方财经全媒体集团副总编辑、21世纪数字传媒党委书记、总编辑邓红辉致辞时 表示，当前全球宏观经济格局深刻演变，资产全球化配置已从"可选项"变为"必选项"，大湾区凭借"境 内境外、两种资源"的独特优势，成为跨境财富配置的天然桥头堡。 与此同时，科技赋能正从"工具层"深入"决策层"，推动财富管理行业迎来范式革命，行业使命也从"财 富增长"升维至"价值传承"，呼唤更具责任感的金融服务。对此，邓红辉表示，南财集团希望借大会举 办之机，继续通过搭建高端交流平台，为大湾区金融合作与财富管理行业健康发展贡献媒 ...

不过，就在这笔巨额奖金打到中奖者账户上的同时，银行后台的风控系统马上就会亮起红灯。届时，银行方面会在第一时间"盯"上你了。不过，中奖者也不 用担心，银行此举主要是为了打击洗钱活动。所以，你只要提供两分资料，就可以顺利通过审核。一份是彩票中心颁发的中奖证明。另一份是已经完税的个 人所得税凭证。而一旦通过银行审核 ，中奖者就可以自由支配这笔奖金了。 不过，也有网友提出担忧，中奖者手里有这么多奖金，银行员工会不会泄密？事实上，银行客户的信息都是最为机密的，若是银行员工把中奖者的信息给泄 露出去，轻则被开除，重则可能还要坐牢。所以，银行员工即使嘴上再会漏风，也不可能为了泄露你的个人信息，而毁了自己一生的前途。 那么，银行员工会不会围着中奖者推销理财产品呢？实际上，按照银行内部的规定，严禁银行员工主动向客户强行推销理财产品。不过，多数中奖者会主动 开口询问，如何使自己的这笔巨额奖金能够保值增值？只有客户在表达出想要投资理财的愿望之时，银行方面才会邀请你进入私人财富管理银行。届时，会 有银行理财经理根据你对风险的厌恶程度，为你量身定制多元化资产配置方案。 最近，网上有一个讨论，就是如果你买彩票中了800万大奖，奖金打进银 ...

Core Viewpoint - Financial institutions must deeply understand and meet the urgent needs of the elderly population regarding wealth preservation, stable growth, flexible withdrawals, and inheritance planning, as this is essential for high-quality development in a rapidly aging society [1] Group 1: Event Overview - On the Double Ninth Festival, Shanghai Bank Wealth Management and 21st Century Business Herald launched an online dialogue event titled "Wealth Forever: Shanghai Wealth Asset Allocation Festival" [1] - The event featured Professor Peng Xizhe from Fudan University, who discussed the population structure of Shanghai and how to scientifically plan for elderly life [1] Group 2: Elderly Population Insights - In Shanghai, 39% of the registered population is over 60 years old, and 29.4% are over 65, indicating a significant aging trend comparable to Japan [1] - The concept of "active elderly" should replace negative stereotypes associated with aging, emphasizing that retirement does not equate to a decline in life quality [2] Group 3: Financial Planning for Longevity - The approach to retirement planning has shifted from "consuming savings" to "long-term management," focusing on sustaining wealth over 30-50 years [2] - Financial planning now aims to support a vibrant "second life" rather than merely ensuring financial security [2] Group 4: Health and Financial Security - Health is prioritized over merely accumulating wealth, as it is crucial for maintaining the ability to generate income and avoid unexpected medical expenses [3] - The newly launched "Anxin Yixuan Changying (You Enjoy Dividend)" series by Shanghai Bank Wealth Management aims to provide sustainable cash flow for elderly clients [3] Group 5: Asset Allocation Strategies - A diversified asset allocation strategy is recommended, combining various financial products to achieve risk hedging and long-term stability [4] - The traditional view of inheritance should shift towards pre-planning and orderly gifting during one's lifetime to avoid disputes and witness family joy [5] Group 6: Market Demand for Elderly Financial Products - There is a mismatch in supply and demand for financial products tailored to the elderly, with a focus on safety and stability rather than high returns [6] - Bank wealth management products, primarily fixed-income, are well-suited to meet the stable growth needs of elderly clients [6] Group 7: Financial Institutions' Role - Financial institutions must act as "gatekeepers" to prevent risks, emphasizing the importance of choosing reputable and regulated entities [7] - Investor education is crucial to help clients understand the importance of stability over high returns and to avoid scams [7]

Group 1 - The core viewpoint of the article emphasizes the potential launch of multi-asset ETFs in China, driven by the need for enhanced index investment and asset allocation functions in the capital market [1] - As of the end of Q3 2025, the domestic ETF market has grown to over 5.6 trillion yuan, marking an increase of nearly 1.9 trillion yuan (+51%) compared to the end of 2024, indicating its importance as a tool for institutional investors [1] - The article highlights the necessity for diversified asset allocation strategies in a low-interest-rate environment, leading asset management institutions to explore new investment boundaries [2] Group 2 - The shift in the structure of bond funds is noted, with a decrease of 844.8 billion yuan in actively managed pure bond funds and an increase of 757.7 billion yuan in mixed bond funds, reflecting a market demand for low-volatility and low-fee index products [2] - Historical experiences from overseas show that stock-bond mixed strategies have evolved into two main forms: constant proportion and dynamic adjustment, with the former maintaining a fixed ratio and the latter adjusting based on market signals [3] - The introduction of a series of multi-asset indices by China Securities since 2024 aims to meet the innovative demand for multi-asset ETFs, with a range of stock-bond combinations and varying weightings [4]

Core Insights - The article highlights the growth opportunities in the Hong Kong financial market due to increasing global demand for diversified asset allocation and professional financial services [1] Group 1: Diversified Securities Services - Hong Kong Changsheng Securities has established a trading platform that supports major global markets including Hong Kong stocks, US stocks, and A-shares, allowing investors to place orders easily via PC and mobile [2] - The company offers a variety of investment products such as ETFs, bonds, and derivatives, helping clients achieve risk control and stable returns through scientific asset allocation [2] Group 2: Personalized Wealth Solutions - The company has a professional team with experience from renowned investment banks and financial institutions, providing customized wealth management solutions based on clients' risk preferences, financial goals, and investment horizons [3] - Regular macroeconomic analyses, industry research reports, and market strategy references are published to assist clients in grasping the latest investment trends [3] Group 3: Security and Compliance - Hong Kong Changsheng Securities adheres to regulatory requirements set by Hong Kong financial authorities, employing advanced information encryption and risk control systems to ensure the safety of client funds and information [4] - The platform features robust client identity verification and multiple fund protection measures to create a fair, just, and transparent trading environment [4] Group 4: Customer Service - The company provides 24/7 multilingual online support and assigns dedicated account managers to ensure timely and professional service for every investor [5] Group 5: Technological Innovation and International Expansion - In response to the digital economy, Hong Kong Changsheng Securities invests in financial technology to enhance user experience and promote the application of smart investment advisory, big data analysis, and automated trading technologies [6] - The company plans to further expand its international market presence, deepening collaboration with global capital while using Hong Kong as a core hub to connect more quality investment opportunities [6]

Core Insights - The cross-border ETF market has seen significant growth in 2023, with total assets surpassing 900 billion yuan by October 30, driven by increased demand for diversified asset allocation amid changing global economic dynamics [1] - GF Fund has established itself as a leading player in the cross-border ETF space, managing 10 cross-border ETFs with a total scale of 100.77 billion yuan, ranking it among the top in the industry [1][2] Product Overview - GF Fund's four major cross-border ETFs focus on popular sectors, including the largest Nasdaq ETF (159941) with a scale of 30.77 billion yuan, targeting major tech companies like Apple and Microsoft [2] - The Hong Kong Innovative Drug ETF (513120) has a scale of 22.8 billion yuan, benefiting from the upward trend in the global innovative drug industry [2] - The Hong Kong Non-Bank Financial ETF (513750) has a scale of 21.9 billion yuan, focusing on non-bank financial institutions in the Hong Kong market [2] - The Hang Seng Technology ETF (513380) also exceeds 10 billion yuan, capturing opportunities in leading tech companies in Hong Kong [2] Market Trends - The Hang Seng Hong Kong Stock Connect Technology Index has outperformed, with a 57% increase over the past year, reflecting strong investor interest in technology stocks [3] - Cross-border ETFs are increasingly favored by investors for their transparency, flexibility, and lower costs, serving as important tools for risk diversification and capturing overseas market opportunities [3]