What principles should salespeople engaged in wealth management products strictly abide by?

Sales personnel engaged in the sales of wealth management products shall abide by the following principles: (1) the principle of diligence; (2) The principle of honesty and trustworthiness; (3) the principle of treating investors fairly; (4) the principle of professional ability.

Engaged in the sales of wealth management products shall abide by laws and regulations, regulatory provisions, cooperation agreements and sales documents of wealth management products, be honest and trustworthy, be cautious and diligent, abide by professional ethics and codes of conduct, fully disclose information and risks to investors, break rigid redemption, and shall not directly or in disguised form publicize and promise to protect capital and income, and shall not harm national interests, social interests and legitimate rights and interests of investors.

A wealth management company and a sales organization shall, according to laws, regulations, regulatory provisions and cooperation agreements, reasonably divide the rights and responsibilities of both parties and jointly undertake the sales management responsibilities of wealth management products.

The sales settlement funds of wealth management products belong to the investors of wealth management products, and the sales institutions of wealth management products and the institutions providing services such as transfer and settlement of sales settlement funds of wealth management products shall not classify the sales settlement funds of wealth management products into their own assets. It is forbidden for any unit or individual to misappropriate the sales settlement funds of wealth management products in any form.

If a wealth management product sales institution or an institution providing services such as transfer and settlement of wealth management product sales settlement funds is liquidated due to dissolution, cancellation, bankruptcy and other reasons according to law, the wealth management product sales settlement funds do not belong to its liquidation property.

Sales institutions of wealth management products and institutions providing services such as transfer and settlement of sales settlement funds of wealth management products shall deposit and manage sales settlement funds of wealth management products in accordance with laws, administrative regulations and the relevant provisions of China Banking Regulatory Commission.