Chinese Banks, Wealth Managers Terminate Wealth Products Early as Industry Shifts to Demand-Driven Model

TREE NEWS update: Several Chinese banks and wealth management companies have recently issued announcements to terminate wealth management products ahead of schedule, covering daily-open, minimum-holding-period and closed-end products. Triggers include surviving shares falling below agreed thresholds, hitting profit-taking targets and early exit of underlying assets. Industry insiders expect such early exits to become more common as the sector transitions to net-asset-value management and standardized disclosure, accelerating the clearing of small-scale, weak-performing products.