Core Viewpoint - Several wealth management companies are purchasing their own financial products, indicating confidence in the long-term economic outlook and their investment research capabilities [2][3]. Group 1: Company Actions - Zhongyou Wealth Management announced the purchase of approximately 650 million yuan of its own financial products [2]. - Everbright Wealth Management stated it would buy up to 200 million yuan of its stock and mixed financial products [2]. - Nanyin Wealth Management has invested about 500 million yuan in its own financial products [2]. Group 2: Market Context - The phenomenon of self-purchase is misinterpreted as a sign of poor performance in the banking wealth management sector, while it is a normal market behavior similar to company executives buying their own stocks [2]. - The banking wealth management market previously experienced volatility, with 1,734 products breaking their net value as of March 27, 2022, accounting for 15% of the 11,548 products with disclosed net value data [2]. Group 3: Reasons for Self-Purchase - The main reasons for self-purchase include confidence in the long-term economic outlook, resilience of the Chinese capital market, and belief in their own investment research capabilities [2]. - The banking wealth management sector is adapting to market changes by increasing investments in fixed-income products and enhancing research capabilities for equity products [3]. Group 4: Regulatory Changes - Since the implementation of the "Asset Management New Regulations" in April 2018, banking wealth management products have transitioned to net value products, with investment returns and losses fully borne by investors [4]. - The valuation method for banking wealth management products has shifted from amortized cost to market value, resulting in more significant net value fluctuations that reflect real asset price changes [4]. Group 5: Future Trends - The proportion of equity-based banking wealth management products is expected to increase, leading to a closer correlation between banking wealth management returns and stock market fluctuations [5]. - As investor education improves, acceptance of return volatility in banking wealth management is anticipated to rise, emphasizing the need for enhanced investment research capabilities [5].