What does the large redemption of wealth management products mean?

Redemption of wealth management products refers to selling your own wealth management products, which is the same as selling stocks and funds. After submitting the redemption application, they can wait for the settlement of the wealth management product company to get the money. When submitting a redemption application, many people will encounter the situation that the system prompts that they have redeemed a large amount and cannot continue to redeem.

What does it mean to redeem a large number of wealth management products?

The large-scale redemption of wealth management products does not mean that a single customer has reached the limit, but that the net redemption amount of all customers on the day of purchasing wealth management products exceeds 10% of the balance of the previous trading day, and individual products are stipulated to be 20%, 30% or 50% of the balance.

Some consignment channels have set up relevant tips on mobile phones for huge redemption control, but it does not mean that there is a problem with product liquidity, and only a few products have a high redemption ratio. This has happened from time to time in the past, and the redemption of wealth management products has limited impact on the company's investment operation.

Provisions on redemption of wealth management products:

1 Term products: the products will be redeemed automatically after expiration (postponed on weekends and holidays) without manual redemption; Early redemption is not supported before maturity.

2 products that are opened regularly: they need to be redeemed during the product opening period; Cannot be redeemed before the opening period (the redemption button is grayed out).

After the redemption of wealth management products, we wait for the company to settle accounts, and the money is also returned in the same way. As for how much money you can get, it depends on the net value of wealth management products at the time of redemption. Moreover, the arrival time of wealth management products after redemption is subject to the description in the product manual.