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Fixed Income

May 25, 2026 Personal Finance 8 min read

Personal Finance (5): Bonds and Fixed Income — The Stable Half of Your Portfolio

Bonds without the padding: yield, duration, why prices fall when rates rise, and what November 2022 taught me about "safe" money.

May 19, 2026 Personal Finance 8 min read

Personal Finance (3): What a Bank Wealth-Management Subsidiary (理财子) Really Is

Post-2018 bank wealth management in China: net-value products, R1-R5 risk levels, fixed income+, and how to actually read a product prospectus.