--- title: "Multiple banks have intensively raised the risk levels of the funds they distribute, with some increasing to R5" type: "News" locale: "en" url: "https://longbridge.com/en/news/283182280.md" description: "Recently, several banks such as Bank of Shanghai, Bank of Ningbo, Shenzhen Rural Commercial Bank, and Guangdong Nanyue Bank have collectively raised the risk levels of the public offering funds they distribute, with some products upgraded to high risk (R5) level. This adjustment involves multiple funds and reflects the impact of changes in the market environment, product strategy adjustments, and new regulatory requirements. Regulatory authorities require commercial banks to independently and prudently assess the risk ratings of the products they distribute, prompting institutions to reassess risks to accurately reflect product risks" datetime: "2026-04-17T09:09:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283182280.md) - [en](https://longbridge.com/en/news/283182280.md) - [zh-HK](https://longbridge.com/zh-HK/news/283182280.md) --- # Multiple banks have intensively raised the risk levels of the funds they distribute, with some increasing to R5 Recently, multiple institutions, including Bank of Shanghai, Bank of Ningbo, Shenzhen Rural Commercial Bank, and Guangdong Nanyue Bank, have intensively issued announcements to adjust the risk levels of the public funds they distribute. Among them, some products have been directly upgraded to high risk (R5) level. From the details disclosed by various banks, this round of adjustments covers a wide range: On April 15, Bank of Shanghai announced the upgrade of the risk levels of 2 distributed funds (a total of 4 different share classes). Among them, the E Fund Crude Oil Securities Investment Fund (QDII) Class A and Class C RMB shares were upgraded from medium-high risk (R4) to high risk (R5); the other two products were upgraded from medium-low risk (R2) to medium risk (R3). On April 14, Bank of Ningbo announced that it would adjust the risk levels of 20 public fund products (a total of 32 different share classes) starting from April 21, 2026. The adjustments showed a two-way differentiation: 3 products (including E Fund Crude Oil RMB A, C and Harvest CSI 300 Dividend Low Volatility ETF Link Y) were upgraded from medium-high risk to high risk; 7 were upgraded from medium-low risk to medium risk; 11 were upgraded from medium risk to medium-high risk; and another 11 were downgraded from medium-high risk to medium risk. In addition, on March 26, Shenzhen Rural Commercial Bank concentrated on adjusting the risk levels of 24 distributed public funds (a total of 35 different share classes); on April 1, Guangdong Nanyue Bank also upgraded the risk levels of 3 products, including Ping An Strategy Pioneer Mixed, from medium risk (R3) to medium-high risk (R4). The simultaneous actions of multiple banks during the same period are not coincidental. Comprehensive industry analysis indicates that this is the result of a resonance among underlying assets, market fluctuations, and new regulatory rules, primarily based on two core motivations: On one hand, changes in the market environment and product strategies have prompted institutions to reassess risks. Recently, the volatility of crude oil futures prices has intensified, and the equity and bond markets have also shown complex structural changes, with the net value volatility of some funds significantly amplified compared to the initial issuance. The dynamic adjustment of risk levels aims to restore the true risk profile of the products. On the other hand, the implementation of regulatory requirements has played a direct driving role. The "Administrative Measures for the Agency Sales Business of Commercial Banks" issued by the National Financial Supervision and Administration clearly states the "higher principle" for product risk ratings, requiring commercial banks to independently and prudently assess the risk ratings of the asset management products they distribute. This regulation essentially breaks the previous practice of some institutions "directly copying the fund company's ratings" during distribution, forcing banks to fulfill their dynamic tracking responsibilities during the product's duration and avoid lagging ratings. With the comprehensive implementation of the "higher principle," the tightening of risk ratings for distributed funds by banks will become normalized. This means that the bank distribution business is accelerating its transformation from "scale-oriented" to "compliance and quality-oriented." For ordinary investors, the impact of this change is real and specific. In the short term, some clients with lower risk tolerance may find that the risk level of the funds they originally held has increased, facing the pressure of reassessing whether to adjust their positions. However, looking at the longer term, the dynamic rating mechanism eliminates the "watered-down" risk labels, helping to reduce "risk mismatch" caused by cognitive biases In the face of the impending normalization of risk rating adjustments, investors need to make corresponding changes in their operations: first, break the mindset of "buy and hold," and develop the habit of regularly reviewing the risk levels of the products held, rather than relying solely on the initial labels at the time of purchase; second, maintain a diversified allocation to avoid excessive concentration of funds in a single high-volatility sector; third, in the face of complex product changes, proactively seek professional investment advisory advice, reassess one's risk tolerance, and ensure that the underlying investment logic still aligns with the current product characteristics ### Related Stocks - [002142.CN](https://longbridge.com/en/quote/002142.CN.md) - [601229.CN](https://longbridge.com/en/quote/601229.CN.md) - [09889.HK](https://longbridge.com/en/quote/09889.HK.md) ## Related News & Research - [Metals One targets U.S. investors with New York conference push](https://longbridge.com/en/news/287043656.md) - [Another major South African business dumps UK: Here is why they are leaving](https://longbridge.com/en/news/286895483.md) - [ZAWYA: KIB Group, represented by KIB Invest, acts as Joint Lead Manager in landmark $700mln Sukuk issuance by First Abu Dhabi Bank](https://longbridge.com/en/news/287054139.md) - [UK government bolsters antiviral supply for hantavirus](https://longbridge.com/en/news/286942211.md) - [2 TSA experiments show a new direction after chaos during the government shutdowns](https://longbridge.com/en/news/286970006.md)