Recently, China Construction Bank announced that it has raised the risk level of 87 public fund products sold on its behalf in bulk. Reporters have found that since the beginning of this year, several state-owned banks, joint-stock banks, and city commercial banks have successively carried out risk level adjustment work for consignment funds. Zeng Gang, director of the Shanghai Finance and Development Laboratory, told reporters that several banks have raised the risk level of their sales funds mainly due to the dual drive of stricter regulation and changes in the market environment. Investors need to view adjustments rationally and do a good job in risk adaptation and asset planning. From a specific operational perspective, the bank's downgrade this time mainly focuses on bond and hybrid funds to protect investors' rights and interests. On November 25th, China Construction Bank announced that in order to fulfill its suitability obligations and protect the rights and interests of investors, the bank follows the "higher principle" of risk rating for public fund products and continues to conduct dynamic evaluations. It has raised the risk rating of 87 public fund products sold on behalf of clients, involving top institutions such as HSBC Jinxin Fund, Huaxia Fund, and Huitianfu Fund. Specifically, out of 87 products, 32 products have increased from R2 (medium low risk) to R3 (medium risk), and 55 products have increased from R3 (medium risk) to R4 (medium high risk), mainly involving bond and hybrid products. This is also the fourth time the bank has adjusted the risk level of related products within the year. On November 18th, Minsheng Bank announced that, in accordance with relevant regulations such as the "Measures for the Suitability Management of Securities and Futures Investors", referring to the information disclosure of fund managers, following the principle of prioritizing investor interests, and actively implementing investor suitability management, it has been decided to adjust the risk level of 8 bond funds sold on a commission basis from low risk to medium risk from 15:00 on November 19th, 2025. This is the fourth time since October and the seventh time this year that the bank has raised the risk level of its consignment funds. In addition, several institutions such as Postal Savings Bank of China, China CITIC Bank, and Ningbo Bank have recently completed some risk rating adjustments for consignment funds, and some banks have carried out such operations multiple times this year. Gao Zhengyang, a special researcher of Sushang Bank, told reporters that the recent centralized upgrading of banks is directly related to changes in the market environment: on the one hand, the rise in the volatility of the bond market affects the stability of the net value of bond funds, and the actual risk level is higher than before; On the other hand, the upward trend in the equity market has led to an increase in the volatility of the net value of some hybrid funds, and the proportion of equity asset allocation has also increased synchronously, resulting in a change in the overall risk characteristics of the products. From the perspective of banks, improving wealth management capabilities through more accurate risk ratings can help them fulfill their investor suitability management obligations, reduce the risk of complaints and lawsuits caused by 'risk mismatches' in the future, and protect brand reputation. At the same time, it forces banks to enhance their wealth management expertise, optimize product screening mechanisms, and improve the quality of investment advisory services. However, short-term challenges also exist, as an increase in risk level may result in some products being unable to match the risk tolerance of existing customer groups, increasing sales difficulty, and putting pressure on sales commission income. ”Zeng just said. Gao Zhengyang stated that in the short term, the downgrade may trigger some existing customers to choose redemption due to risk mismatch, which will have a phased impact on the scale of the sales fund; In the long run, timely upgrading of risk levels is a necessary measure for banks to respond to regulatory appropriateness requirements, which can effectively reduce compliance risks and promote banks to strengthen detail management in the sales process, ultimately achieving precise matching between actual product risks and customer needs. For ordinary investors, the impact of increasing risk levels is more direct. Zeng Gang analyzed that after the risk level is raised, low-risk preference investors may not be able to continue purchasing the products they originally held, and may be forced to face the choice of redemption or reconfiguration, increasing decision-making costs. But in the long run, this is a substantial protection of investors' rights - more transparent risk disclosure helps investors establish correct expectations and avoid blindly pursuing returns while ignoring risks. Zeng Gang suggested that ordinary investors should adopt a systematic response strategy in the face of the adjustment of risk ratings for bank consignment products. One is to re evaluate personal risk tolerance, honestly fill out risk assessment questionnaires, and avoid falsely reporting risk preferences in order to purchase high-yield products. The second is to comprehensively examine the existing positions and compare whether the new risk level of the product matches one's own risk tolerance. Products that do not match should be rationally considered for adjustment, rather than emotional operations. The third is to delve into the product manual, focusing on key information such as investment scope, historical maximum drawdown, and performance comparison benchmarks, rather than relying solely on risk level labels. The fourth is to establish a diversified investment portfolio, avoid concentrating funds on a single type of product, and smooth fluctuations through asset allocation. The fifth is to extend the investment period. Short term fluctuations should not be a reason for frequent adjustments, and patience should be maintained for high-quality products that meet long-term goals. (New Society)