BOC Wealth Management's first endowment wealth management product-BOC Wealth Management "Fu" fixed income enhanced (closed) endowment wealth management product will be released soon. As one of the second batch of pilot institutions for pension financing, BOC Finance has comprehensively optimized its product design in terms of structure, function, investment and risk control, and strengthened and highlighted the inclusiveness, stability and long-term nature of pension financing products.

When will BOC's wealth management products for the elderly be issued?

According to the latest news, BOC Wealth Management's first pension wealth management product in 2022-BOC Wealth Management "Fu" fixed-income enhanced (closed) pension wealth management product will be sold in Beijing, Shenyang, Changchun, Shanghai, Wuhan, Guangzhou, Chongqing, Chengdu, Qingdao and Shenzhen on August 8. The pilot institutions were expanded to ten wealth management companies, namely ICBC, CCB, BOCOM, BOC, ABC, China Post, China Everbright, China Merchants Bank, Xingyin and CITIC.

The old wealth management products launched this time have a risk level of 2. The product adopts closed operation mode with a term of 5 years. Moreover, this product does not have a subscription starting point, does not charge subscription fees and early redemption fees, and does not charge excess performance rewards. The fixed management fees and sales service fees are greatly discounted, which supports early redemption in the case of major diseases, highlighting the universal characteristics of old-age wealth management products. At the same time, the product has a risk protection mechanism such as a smoothing fund, which is conducive to stabilizing the net value of the product when the market environment is not good.

In the specific investment strategy, the product will combine CPPI and TIPP strategies, focusing on the risk of product net value fluctuation and exit interval, taking into account both robustness and profitability.