According to the risk level, bank wealth management products can be divided into five types: cautious products (R 1), stable products (R2), balanced products (R3), aggressive products (R4) and radical products (R5). An increase in numbers represents an increase in risk. When purchasing, investors can check the risk level and detailed information of wealth management products. If the wealth management product is marked with the risk level of R 1-R5, it is not a fund, but a bank wealth management product. Generally speaking, wealth management products and funds are risky. When buying, investors must carefully consider and choose the financial management method that suits them.

Strictly speaking, wealth management products are not equal to funds. Wealth management products and funds are both a way for individuals to invest in wealth management, which is very extensive. Among them, the fund is just a kind of financial management.

However, there are funds in Alipay's wealth management products, which can also be understood as a kind of wealth management products, but the risks inside are not great. Basically, they are funds with partial bonds, and some have moderate risks. When investing, investors can see the types of risks clearly in the fund details, and then consider them according to their own affordability.

Financial products are products designed and issued by commercial banks and formal financial institutions themselves. The raised funds are put into the relevant financial markets according to the product contracts, and the relevant financial products are purchased, and the investment income is distributed to investors according to the contract.

The China Banking Regulatory Commission issued the Interim Measures for the Management of the Sales of Wealth Management Products of Wealth Management Companies, which strengthened the management of the sales process of wealth management products, clarified a number of prohibited acts in the sales process of wealth management products, and effectively protected the legitimate rights and interests of investors. These Measures shall come into force on June 27th, 20021year.

Bank RMB financial products can be roughly divided into bond type, trust type, linked type and QDII type.

For bond investment in the money market, the investment products are generally central bank bills and short-term corporate financing bills. Since individuals cannot directly invest in central bank bills and short-term corporate financing bills, such RMB wealth management products actually provide customers with opportunities to share the investment income in the money market.

Invest in trust products guaranteed or repurchased by commercial banks or other financial institutions with high credit rating, and also invest in beneficial trust products of excellent credit assets of commercial banks.

The final yield of linked products is linked to the performance of relevant markets or products, such as linked to exchange rate, linked to interest rate, linked to international gold price, linked to international crude oil price, linked to Dow Jones index, linked to Hong Kong stocks, etc.

QDII, that is, qualified domestic investment institutions provide overseas financial services on behalf of customers, refers to commercial banks that have obtained overseas financial services on behalf of customers.

QDII RMB wealth management products, in short, are wealth management products that customers entrust their RMB funds to qualified commercial banks, and qualified commercial banks convert RMB funds into US dollars, directly invest overseas, and after the maturity, exchange the US dollar income and principal into RMB for distribution to customers.