Core Points - The Financial Regulatory Administration has released a draft for public consultation regarding the disclosure management of asset management products by banking and insurance institutions [1] - The draft outlines required disclosures for periodic reports, including product size, leverage levels, net asset values, performance, and risk analysis [1][2] Disclosure Requirements - Asset management products must disclose information such as product size, leverage, net asset values, performance, and distribution of earnings [1] - Fixed income products are required to disclose market risks related to interest rates and exchange rates, as well as details on non-standard debt assets [2] - Equity products must disclose risks associated with stock investments and details on unlisted equity assets [2] - Products related to commodities and financial derivatives must disclose underlying assets, investment amounts, and risk control measures [2] - Mixed products must disclose the investment proportions across different asset classes and associated risks [2]

国家金融监督管理总局就《银行保险机构资产管理产品信息披露管理办法（征求意见稿）》公开征求意 见，其中提到，管理人应当制定合理的过往业绩披露规则，披露规则应当包含过往业绩计算方法，计算 使用的统计数据和资料应当真实、准确、全面，并在过往业绩披露时注明统计数据和资料来源。过往业 绩的披露应当遵循稳定性和内在逻辑一致性原则，不得随意变更披露规则。不得片面夸大过往业绩，不 得通过选择性披露部分时间段数据等方式夸大过往业绩，不得随意变更披露规则，不得对同类产品适用 明显不同的披露规则。 ...