Name
"Bank of China Ji Fu" wealth management plan
Introduction
"Bank of China Ji Fu wealth management plan", the series of RMB wealth management products introduced by Bank of China, mainly invests in high-quality trust financing projects, high credit rating bonds in inter-bank bond markets and other financial instruments, wealth management plan, bank deposits, acceptance drafts and other financial products. It provides flexible term choices, and guarantees steady and reliable returns for investors through many effective investment portfolios.
Features
1. High investment return
The expected return on investment for the product during a term is much higher than the deposit interest rate of the corresponding period.
2. Various terms
One day (daily wealth), seven days (weekly wealth), 14 days (biweekly wealth), one month (monthly wealth), two months (bimonthly wealth), three months (quarterly wealth) ... multiple term options. The terms of product may be different according to the specific issuing and selling areas, for details please consult your local business offices of Bank of China.
3. Professional management, sound investment
Investment operated by the professional team of Bank of China, and the trust financing projects invested by the wealth management plan are all high-quality asset projects strictly rated by Bank of China, part of the funds invested in bank deposits, peer deposits, T-bonds, financial bonds, financial bonds, central bank note, monetary market funds, high credit rating enterprise bonds, corporate bonds, short-term financing bills, mid-term bills and other highly secure financial instruments.
4. Online banking investment, easy to buy
Support buying through online banking, you can easily manage wealth without going out.
5. No handling fees, low investment costs
No subscription, purchase, redemption and other handling fees, investors can enjoy whole financial gains.
Target Customers
Individual investors and institutional investors
Currency
RMB
Financial Share Face Value
RMB 1
Threshold Amount
RMB 50,000 for individual investors, with RMB 1,000 progression; RMB 500,000 for institutional investors, with RMB 10,000 progression.
Process
Handle according to the regulations of product manual for each term.
Issuing Date
For details, please contact your local business offices of Bank of China.
Case
Take the "Daily Wealth" products as an example; assume that the annualized yield rate of the product is 1.65%.
Mr. Wang has worked in a law firm for three years, and there is RMB 200,000 in his current deposit of the bank account. Calculated with the current interest, the total current interest for his one-year current deposit is up to:
200,000 × 0.36% = RMB 720
If Mr. Wang purchased RMB 200,000 of "Daily Wealth" products, whose annualized yield rate is 1.65% (assume that the yield rate has not changed in a year), then his one-year investment return equals to 200,000 × 1.65% = 3,300.
Comparing the two, the using efficiency of the funds is as 3,300/720 = 4.58 times as the original one, with additional accumulated income of 3,300 - 720 = RMB 2,580 a year.
Note: the case adopts assumed data for the calculation, so it will not represent the real return of the investor. Each term product yield rate (annual rate) will change slightly due to market fluctuations.
Risk Disclosure
This product is the bank wealth management product with non-principal-guaranteed floating return. Choice shall be cautious, taking investment risk into consideration. The product introduction is just for reference and does not constitute any investment advice or implication, and the details are based on the product manual of each term. Bank of China reserves the right of final interpretation.
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