Core Viewpoint - The recent trend of early termination of bank wealth management products is attributed to increased market volatility and challenges in investment, which ultimately aims to protect investors' interests and reduce potential losses [1][2][3]. Group 1: Reasons for Early Termination - In 2023, over 2,000 wealth management products have been terminated early, primarily affecting fixed-income products with risk levels mainly at R2 and R3 [2]. - The early termination of products is seen as a normal response to macroeconomic conditions, market fluctuations, and unexpected events impacting performance [2][3]. - The trend reflects a shift towards net value management in the banking wealth management sector, indicating that early termination may be a strategy to adapt to this new environment [2]. Group 2: Impact on Investors - Early termination is intended to minimize investor losses and safeguard their interests, with many institutions citing "market conditions" and "protecting investor interests" in their announcements [3][4]. - The proportion of products being terminated early is relatively small compared to the total number of products, suggesting that the majority remain unaffected [3]. Group 3: Need for Improvement in Research and Management - The frequency of early terminations indicates a need for banks' wealth management subsidiaries to enhance their investment research capabilities and asset management skills [4]. - Long-term improvements in investment strategies and risk management are essential for better handling of market volatility and enhancing investor experience [4][5]. - There is a call for increased investor education to help clients understand the risks and benefits associated with wealth management products [5].