Chaochaobao of China Merchants Bank is risky. Chaochaobao is a wealth management product launched by China Merchants Bank, aiming at small change wealth management. This product is flexible in payment and ready to use. When the balance of the user's current savings account is insufficient, the balance of Chaochaobao will be automatically used. It is not a fund, but is connected with the cash management plan of CMB Wealth Management Co., Ltd., and belongs to low-risk fixed-income products. However, as long as it is a wealth management product, there are certain risks, because the essence of wealth management products is that banks invest the raised funds in relevant financial markets, buy relevant financial products according to product contracts, and then distribute them to investors according to contracts after obtaining investment income. This is actually a kind of agency investment, and investment is bound to be risky, but the risk in Bao Chao is relatively low.