What is the "three appropriateness" principle?

Article 11 of the Measures for the Administration of Consumer Rights Protection of Banking and Insurance Institutions:

"Financial institutions should establish a consumer suitability management mechanism, evaluate product risks and implement graded and dynamic management, conduct consumer risk awareness, risk preference, and risk tolerance assessments, and provide suitable products to suitable consumers."

Financial institutions should strictly adhere to the "three appropriate" requirements for financial products, sales channels, and target customers. Establish a sound financial product information disclosure system and conduct a thorough assessment of customer risk preferences.

How to choose the financial product that suits oneself?

1. Understand your risk tolerance

Risk tolerance is the primary consideration when choosing financial products. Based on personal financial status, income level, asset allocation, and age, investors should determine the level of risk they can bear. Ensure that you can withstand potential losses.

2. Understand the characteristics and risks of different financial products

There are various types of financial products, and investors need to understand the characteristics, risks, and returns of different types of financial products before making a choice. They should carefully read the contract content and have a clear understanding of their rights and obligations. Choose the appropriate product type based on your own needs and risk preferences.

3. Pay attention to one's own demand for liquidity of funds

When choosing financial products, investors need to consider the capital turnover cycle. If there is a need for funds at any time, financial products with good liquidity should be chosen.

Reminder for Treasure Gathering:

1. Financial products and services should be purchased through legitimate institutions and channels.

2. We should actively cooperate with financial institutions to conduct risk assessments and treat risk assessments with caution.

3. We should be vigilant against false advertising. Do not blindly believe in promotional information that uses gimmicks such as "high returns, risk-free, and guaranteed".

4. We should enhance our awareness of risk responsibility, comprehensively consider risks and returns, and rationally choose financial products that are suitable for ourselves.