The latest comprehensive investment capability ranking for "Fixed Income Plus" products from wealth management firms, issued by the Golden Bull Asset Management Research Center, has once again placed BOC-CBHB Wealth Management, the wealth management subsidiary of Bohai Bank Co., Ltd. (HKG: 09668), at the top among joint-stock bank wealth management subsidiaries. This marks its second consecutive evaluation period holding the leading position, following its first-place finish in the 2025 annual ranking.
Subsequently, in the latest ranking of medium-to-long-term steady growth and profitability for closed-end "Fixed Income Plus" products from wealth management companies by PUYI STANDARDS, five products from BOC-CBHB Wealth Management placed within the top 20 market-wide, with three products securing the first, third, and fifth positions.
As BOC-CBHB Wealth Management completes its third year of operation, these two "report cards" from authoritative third-party evaluators serve as powerful testament to its evolution from an industry newcomer to a core player. Public data shows that as of the end of 2025, BOC-CBHB Wealth Management's assets under management approached 250 billion yuan, serving over 1.1 million investors and generating 4.8 billion yuan in returns for them throughout the year.
Dominating the Rankings: A Dual Victory in Returns and Risk Control
Against the backdrop of the asset management industry moving away from implicit guarantees and deepening its net-value transformation, the stability of returns and drawdown control capabilities of wealth management products have become central investor concerns. The Golden Bull ranking system emphasizes product returns, volatility management, and downside risk control. BOC-CBHB's sustained top position signifies that it has established a systematic competitive advantage in the crucial "Fixed Income Plus" arena.
The PUYI STANDARDS ranking further dissects the micro-foundations of this competitiveness: BOC-CBHB Wealth Management claimed five spots in the top 20 for medium-to-long-term steady growth and profitability of closed-end "Fixed Income Plus" products market-wide, sweeping the champion, third-place, and fifth-place positions. Public information indicates that its star product, "Cai Shou You Lue," achieved a one-year annualized return of 3.14%, significantly outperforming the market average of 2.45%.
This performance is not accidental. From 2023 to 2024, the fulfillment rate of its closed-end products exceeding their performance benchmark lower limits remained consistently high. In 2025, responding to interest rate volatility, the company proactively launched hybrid and fixed-income enhancement products, forming a multi-strategy product matrix. That year, the fulfillment rate for closed-end products exceeding their performance benchmark lower limits remained as high as 99.6%.
Feedback from distribution channels also reflects this success. The number of contracted distribution partners grew from 24 at the start of operations to 117, with the scale proportion from non-parent-bank channels surging from 1.95% to 30.05%. This expansion into third-party channels is a clear market endorsement.
Building on Research: A "Four-in-One" System to Navigate Cycles
Stable performance is rooted in BOC-CBHB's sustained, significant investment in its research and risk control framework since inception. The company treats risk control as its lifeline and is constructing an integrated "Four-in-One" system encompassing specialization, industrialization, digitalization/intelligence, and quantification.
Specifically, it has built a multi-asset professional investment team and established an industrialized, end-to-end management process covering product design, asset allocation, trade execution, and risk warnings. It employs digital and intelligent tools for real-time risk alerts and has independently developed quantitative models to mitigate net value volatility risk.
This system was tested in the 2025 market environment of rapidly declining interest rates. While the industry broadly faced an "asset shortage" and yield pressure, BOC-CBHB's "Fixed Income Plus" products maintained high fulfillment rates and strong downside risk control.
Simultaneously, the company did not confine itself to traditional low-volatility products. In 2025, adapting to the new paradigm of a lower interest rate environment, BOC-CBHB actively increased its layout of hybrid and fixed-income enhancement products, creating a multi-strategy matrix covering different risk-return profiles. This "hold the core, innovate strategically" approach allows it to seek excess returns through appropriate allocations to equities, convertible bonds, and other enhancing assets, while strictly constraining the downside risk of these enhancements through quantitative models, all atop a stable fixed-income base.
Feeding Back into the Real Economy: The Next Logic After Three Years of Cultivation
The accumulation of performance ultimately must answer a fundamental question: where does the wealth management capital flow? Another key theme of BOC-CBHB's third anniversary is the deep integration of its funds with the real economy.
Early in its operations, the company launched the Bohai Rim Economic Index to guide capital attention towards the coordinated development of the Beijing-Tianjin-Hebei region. In 2024, it incorporated ESG principles, focusing on areas like green, low-carbon initiatives, and rural revitalization. By the end of 2025, BOC-CBHB's green finance allocations reached 9.804 billion yuan, technology finance allocations hit 15.146 billion yuan, and allocations related to Beijing-Tianjin-Hebei coordinated development surged to 54.869 billion yuan.
In 2025, closely aligning with the financial sector's "Five Key Articles," the company successively issued green-themed and sci-tech innovation-themed wealth management products, launched charitable wealth management products and senior-citizen-specific share classes, and innovatively introduced products linked to a Tianjin local industrial index. This strategy not only fulfills the political and social responsibilities of financial work but also provides differentiated asset sources for the investment side. In an era of scarce high-quality assets, proactively integrating into national strategic regions and key industries has, in turn, allowed the company to build a reserve of underlying assets with policy tailwinds and long-term growth potential.
Looking ahead, BOC-CBHB Wealth Management stated it will continue adhering to a long-term philosophy, deepen its "Four-in-One" research and risk control system, enhance its full-lifecycle product services, and accelerate digital transformation. The brand endorsement from consistently topping third-party evaluation rankings will undoubtedly accelerate its expansion into non-parent-bank channels.
Three years ago, this "industry newcomer," registered in Tianjin with 2 billion yuan in registered capital, has now demonstrated with solid results that steady navigation is key to sailing far.
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