Is Gao Xiao's financial management reliable?

Gao Xiao's financial management is reliable. Gao Xiao Wealth Management, Alipay's wealth management platform, was launched in the first phase, with more than 50 products, including bank deposits, regular wealth management and funds. It is the first multi-category characteristic service model in the domestic wealth management industry. On this basis, Alipay has also established a financial think tank in Alipay in conjunction with top experts, scholars and institutions in the industry to conduct research and judgment on economic development and market changes, provide professional and rational decision-making basis for the public, and make users more simple and confident in investment.

I. Financial management in Gao Xiao

The establishment of a wealth management subsidiary is conducive to the introduction of healthy competition in the asset management industry and the realization of standardized, orderly and healthy development, and will not have a big impact on the existing market structure. Although the wealth management products issued by the wealth management subsidiary are established according to the trust legal relationship, it should not be understood that the wealth management subsidiary has a trust business license, and there are obvious differences between them in business nature, investment scope and self-owned fund scope. Financial subsidiaries are also very different from their user asset management institutions such as funds, insurance assets management and securities assets management. In terms of management mechanism, business philosophy, incentive and restraint mechanism, investment operation, talent reserve and so on, each has its own advantages and expertise. Generally speaking, cooperation is greater than competition.

Second, matters needing attention in financial management

It depends on whether the product is spontaneous or consignment. Generally speaking, most bank wealth management products are spontaneous, but it does not rule out that banks sell users' wealth management products as agents. Many high-risk limited partnership private equity funds are sold through bank channels. How to distinguish? In the instructions of some bank wealth management products, it is clearly stated that "banks are the agents of investors". The bank only recognizes the relationship between agency and entrustment, and is not responsible for anything that happens.

To sum up, many products have exaggerated the rate of return when promoting, but the investment in wealth management products has passed. For bank wealth management products, the risk of structured products is often higher, and bank wealth management products with treasury bonds, financial bonds, central bank bills and corporate bonds as the main investment directions are safer.