Beijing China Merchants Bank, Bank of Communications and Ping An Bank suffered serious financial losses.

According to relevant public information inquiries, many banks in Beijing have lost principal in financial management, but China Merchants Bank, Bank of Communications and Ping An Bank have suffered serious financial losses.

Caihui Financial statistics show that among the 184 financial products in operation, the latest annualized rate of return of 22 financial products is at a loss.

Among them, the top three wealth management products with the heaviest losses come from three Chinese banks: China Merchants Bank, Bank of Communications and Ping An Bank. Their latest annualized yield losses all exceed 10%.

These three financial products are the Active Strategy Financial Product No. 5 (3 years) of China Merchants Bank’s Exclusive Rights Series, which currently has a loss of 30.29%.

Ping An Bank's Yingfeng 0712 Fund prefers RMB financial management. So far, its yield rate shows that this financial management plan has lost 10.94%.

The latest annualized rate of return of Bank of Communications’ Delibaobaolan No. 12 RMB financial product (1.5 years) shows that this financial product is losing 10.16%.