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Why did Fulibao Wealth Management lose money?
The reasons for R&F Bao's financial losses are:

1. The income of wealth management is determined by the investment targets, including time deposits, bonds, stocks, foreign exchange, futures and precious metals. If the investment target falls, then financial management will produce losses.

2. The number of wealth management products is negative, representing the loss on the day of wealth management. Financial management is not a capital preservation product, and it is normal to generate losses. The losses arising from financial management shall be borne by the investors themselves.