According to a citic sec research report, reports indicate that mid-year wealth management faces two regulatory pressures: first, banks without wealth management subsidiary licenses need to eliminate their wealth management business by the end of 2026; second, the smoothing mechanism of reits and methods for closing price valuations are strictly prohibited by regulations. In the context of tightened regulations and limited issuance of licenses, joint creation products have emerged and are beneficial for both parties involved, potentially becoming a common cooperation model. Similarly, facing regulatory tightening requirements, some bank wealth management subsidiaries are trialing 'self-built valuation models,' which can satisfy clients' demands for higher certainty in returns and cope with channel pressures. However, considering the original intention of the asset management new regulations for net value operation, subsequent development needs to be observed in light of regulatory attitudes. It is speculated that joint creation products and 'self-built valuations' may be new aids for breaking through the volume of wealth management scale.