2. Net value generally appears in the information of asset management products, which refers to the net asset value of each product. The calculation formula is: unit net value = total net assets/product share. Wealth management products usually start with the net assets of 1, but the net value of products may change up and down. It is usually published at a fixed cycle, such as daily, weekly or monthly. In the past, bank wealth management products will announce the expected rate of return. After holding and maturity, investors can generally get the actual expected rate of return roughly equivalent to the expected rate of return, which has the nature of rigid cash.
The so-called non-net-worth wealth management products refer to products with fixed expected returns according to market conditions. It operates like an open-end fund. During the product opening period, investors can purchase and redeem at any time, and the expected income of the product is directly related to the net value of the product. The core difference between net worth wealth management products and non-net worth wealth management products lies in the difference of undertakers. Net-worth wealth management products represent wealth management products that meet the future regulatory needs, while non-net-worth wealth management products mainly represent the breakeven and expected income in the old regulatory era. The former has more advantages in supervision and risk prevention, and the excess returns and risks are mainly scattered among individuals. The latter is a traditional financial product representing "fair exchange", and the excess returns and risks are mainly concentrated in commercial banks. In essence, there is no significant difference between the two in asset investment and income. For us, in most cases, the risk level of both is low. The difference between them lies in asset risk preference, income calculation method and income distribution method, and the core difference lies in the risk taker of the final principal.