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Are Baidu wealth management products approved and supervised by the CSRC?
Not exactly. It mainly depends on which regulatory agency supervises the financial institutions that provide products.

For example, at present, the bank wealth management products on Xiaoman Wealth Management APP (Baidu Wealth Management, Xiaoman Wealth Management APP download link) platform, such as Baixinzhi Huicun, have a net income of about 4. 1%, which is low risk and can be accessed at any time, and the value is calculated on the same day. Because it is a wealth management product issued by a bank, it should be supervised by the CBRC in theory. The fund services provided by the upcoming Baiying Fund Sales Co., Ltd. will be supervised by the CSRC.

Investment is risky and financial management needs to be cautious. Please choose a product that suits your risk preference and is familiar to you.