Overall Performance - As of September 18, there are 163 existing "fixed income + options" public wealth management products, with an average net value growth rate of 1.93% over the past six months [4] - All products have shown positive performance, with no negative return products, although seven products had a net value growth rate below 1% [4] - In the ranking of public "fixed income + options" wealth management products, Zhaoyin Wealth Management has five products listed, while Xingyin Wealth Management and Jiaoyin Wealth Management each have two products, and Gongyin Wealth Management has one product [4] - The top three products in terms of net value growth rate over the past six months are: Gongyin Wealth Management's "Hengrui HuShen 300 Index Linked Fixed Income Class 6-Month Regular Open" at 4.35%, Zhaoyin Wealth Management's "Zhaorui Global Asset Momentum Two-Year Regular Open 10th A Class" at 3.77%, and "Zhaorui Focus Linked Stable Major Asset Index Closed (Exclusive) No. 1" at 3.06% [4] Highlighted Product Analysis - Several products linked to the Qianchao Index are featured, such as Xingyin Wealth Management's "Fengli Xindong Multi-Strategy Global - Qianchao Closed No. 4 Enhanced B", Jiaoyin Wealth Management's "Stable Enjoyment Plus Linked Qianchao Three-Year Closed No. 8 (Tailong Exclusive)", and Zhaoyin Wealth Management's "Zhaorui Qianchao Index Three-Year Closed (Tailong Exclusive) TL" [5] - The main structure of these products involves partial investment in options linked to the Qianchao Major Asset Trend Strategy Index (QCMAT3C.WI) [5] - The Qianchao Index, developed by Tailong Bank, utilizes risk parity and momentum strategies for global asset allocation [5] - The Qianchao Index showed a weak performance in the second quarter due to U.S. tariff policy impacts but has recently shown an upward trend, with an annualized growth rate of 6.27% over the past three months as of September 22 [5] New Product Observations - Recent trends indicate a weakening U.S. dollar credit and increasing geopolitical factors, leading to a growing demand among investors for gold as a hedge against financial market tail risks [6] - On September 23, Jianxin Wealth Management successfully launched its first structured wealth management product, "Private Banking Selected Fortune Star Gold Shark Fin Fixed Income Closed Product 2025 No. 1", which allocates most funds to low-risk fixed income assets for stable returns while investing a small portion in gold-linked options [6] - The "Gold Shark Fin" structured wealth management product is designed to link to gold, with its returns determined by the relationship between the underlying asset price and set barrier prices, resulting in varying return trends based on different price ranges [6]

Overall Performance - The average net value growth rate of public "fixed income + options" wealth management products over the past three months is 1.18%, with no products showing negative returns during this period [6] - As of September 11, there are a total of 155 "fixed income + options" wealth management products in existence, with notable performances from 工银理财, 兴银理财, and 交银理财 [6] - The top three products in terms of net value growth rate are 工银理财's "恒睿沪深300指数挂钩固定收益类6个月定期开放" at 3.34%, 兴银理财's "丰利兴动多策略全球配置封闭式6号" at 2.74%, and 交银理财's "稳享优加挂钩大类指数三年封闭式3号" at 2.68% [6] Highlighted Product Analysis - 兴银理财's "丰利兴动多策略全球配置封闭式6号增强型A" has a performance benchmark of an annualized 0.4% to 7%, investing in European call options linked to the 钱潮大类资产趋势策略指数3.2 [7] - The product achieved a monthly increase of 1.376% as of September 9, translating to an annualized rate of 15.32%, with a three-month annualized increase of 10.59% [7] - Despite a weaker performance in the second quarter due to U.S. tariff policies, the product will continue to follow its strategy of monthly rebalancing to optimize global asset allocation [7][8]