Core Viewpoint - The report highlights the performance of mixed public financial products over the past year, indicating a competitive landscape with several products achieving significant net value growth, particularly in the context of supportive policies for technology industries and global supply chain restructuring [5][6]. Market Performance - In Q4 2025, sectors such as new energy, semiconductors, and AI outperformed in the equity market due to supportive policies for the technology industry and global supply chain restructuring [5]. - Bond yields experienced a general upward trend influenced by marginal improvements in economic data and expectations of policy interest rate adjustments [5]. - Gold prices showed volatility and an upward trend supported by the acceleration of "de-dollarization" and geopolitical risks [5]. Overall Performance of Mixed Public Financial Products - As of February 5, 2026, there were a total of 214 mixed public financial products with investment periods of 6-12 months [6]. - Among these, 11 products achieved a net value growth rate exceeding 15%, with approximately 30% of products showing growth rates between 5% and 10%, and nearly 60% falling within the 1% to 5% range [6]. - Notable institutions include Ningyin Wealth Management with three products listed, while Zhaoyin Wealth Management and Hangyin Wealth Management each had two products featured [6]. Product Asset Allocation Overview - Ningyin Wealth Management's top three products maintained high equity investment ratios, with the leading product experiencing a maximum drawdown of 12.82% over the past year [7]. - Hangyin Wealth Management's two products had equity investments not exceeding 20%, focusing on government bonds and index funds [7]. - The "Happiness 99 Excellent Mixed (Debt-Weighted ESG Balanced Preferred FOF) 365-Day Holding Period Financial Plan" heavily invested in long-term government bonds, with 30-year and 50-year bonds making up 21.66% and 20.03% of the portfolio, respectively [7]. - Zhaoyin Wealth Management's products included over 20% allocation to QDII overseas investments, with a focus on bank perpetual bonds and TLAC non-capital bonds [7][8]. - Xinyin Wealth Management's "Colorful Elephant Tianfu Balanced Selected One-Year Open-End Financial Product D" had a bond holding ratio of 61.74%, with a diversified investment approach [8]. - Nanyin Wealth Management's "Pearl Link and Combine Excellent ESG Theme (Minimum Holding 364 Days) Public RMB Financial Product B" had a fixed income asset ratio of 59.20% [8]. - Everbright Wealth Management's "Sunshine Orange Quantitative Multi-Strategy No. 1 (Minimum Holding of 1 Year)" had a fixed income investment ratio of 33.44% [8].

Core Viewpoint - The article emphasizes the importance of selecting bank wealth management products amidst a plethora of similar-sounding offerings, urging investors to identify high-performing products based on recent performance metrics [1]. Group 1: Product Performance - The report focuses on mixed-asset products issued by wealth management companies, highlighting those with superior performance in the market [1]. - A performance ranking is provided, showcasing annualized returns over the past month, three months, and six months, sorted by the three-month annualized yield to reflect multi-dimensional performance during recent market fluctuations [1]. - The ranking includes 28 distribution institutions, such as major banks like Industrial and Commercial Bank of China, Bank of China, and Agricultural Bank of China, among others [1]. Group 2: Product Availability - The list of products is based on their "on-sale" status, which is determined by their investment cycle; however, actual availability may vary due to factors like sold-out quotas or differences in product listings for different customers [1]. - Investors are advised to refer to the actual display on the distribution bank's app for the most accurate product availability [1].

Overall Performance - As of November 5, 2025, the average net value growth rate for mixed public financial products with a term of 6-12 months is 5.17%, with an average maximum drawdown of 1.35% [6] - Five financial companies are represented in the ranking, with Hangyin Wealth Management featuring four products and Ningyin Wealth Management three products, while Everbright Wealth Management, Xinyin Wealth Management, and Zhaoyin Wealth Management each have one product [6] - All listed products have achieved a net value growth rate exceeding 10% over the past year, with Ningyin Wealth Management taking the top two spots [6] Product Analysis - The top product, "Ningyin Mixed Carbon Neutral Open Financial Product No. 1 (minimum holding period of 1 year)," is a PR4 medium-high risk mixed financial product with an equity holding of 72.13% [7] - This product was established in September 2021 and has shown positive returns starting in 2024 after negative annualized returns in 2022 and 2023 [7] - The top ten holdings include stocks such as Ningde Times and Jinfeng Technology, with significant price increases of 107.44% and 58.73% respectively over the past year [7] - The second-ranked product, "Ningyin Dividend Selected Mixed Financial Product No. 1 (minimum holding period of 1 year)," is also a PR4 medium-high risk mixed financial product, achieving positive returns since its establishment in September 2021 [7] - This product has a slightly lower equity investment ratio of 63.1% compared to the top product, with cash holdings making up 18.79% of its portfolio [7]