China Minsheng Banking Corporation
Subscription currency
Renminbi (RMB)
Incremental unit
10,000 yuan
Issue date
2016-10-09
Starting from income
2016-11-09
date due
2016-12-09
Income acquisition mode
Non-guaranteed
target
Money market, others
Distribution area
whole country
product category
Rmb financial management
Statement of yield
Expected annualized rate of return: 3.00%
Investment scope
Capital investment and portfolio arrangement: 0-80% of cash, various deposits and certificates of deposit; 0-80% of all kinds of public offerings, private placement bond and other fixed-income assets that meet regulatory requirements, bank, commercial paper and other bill assets circulating between banks and exchanges; 0-50% of (graded) asset management products or product portfolios issued by financial institutions and other assets that meet regulatory requirements. The above investment ratio can fluctuate within the range of [0, +10%]. According to the market situation, banks should adjust the above-mentioned investment scope, investment varieties, investment ratio or floating range, and should disclose information in advance before making adjustments.
Early termination condition
The bank has the right to terminate this wealth management product in advance depending on the operation of the product, and the early termination date is the date when the bank terminates this wealth management product according to the contract.
Raising planning conditions
The lower limit of raising scale is 100 million
Subscription conditions
Product structure This wealth management product is a regular and open wealth management product. During the duration of wealth management products, customers can apply for agreed purchase before each open day, and purchase the wealth management products in the next closed period on the open day. Customers who hold the share of this wealth management product can apply for agreed redemption before each open day, and redeem all or part of the share of the wealth management product in the previous closed period on the open day. Banks have the right to accept or reject the agreed purchase/agreed redemption application put forward by customers on the open day. If the customer has not agreed to redeem all the wealth management product shares, the wealth management principal corresponding to the customer’s remaining wealth management product shares will automatically enter the next closed period to participate in the investment. V. Agreed purchase/agreed redemption of wealth management products (I) After the establishment of this wealth management product, customers can handle the agreed purchase/agreed redemption of this wealth management product at bank outlets (working hours of outlets, the same below) or through electronic channels or other sales channels recognized by regulatory agencies. (2) After the customer holds the share of this wealth management product, he can apply for agreed redemption at the bank’s business outlets or electronic channels or other sales channels recognized by the regulatory authorities before the opening day, and redeem all or part of the share of the wealth management product in the previous closed period on the opening day. The share of various products agreed by customers after redemption should be greater than the minimum holding share of such products agreed in Article 1 of this product manual, otherwise the customers must redeem them in full. After the agreed redemption is confirmed by the bank on the open day, the wealth management principal and wealth management income corresponding to the agreed redemption of wealth management products will be returned to the customer. (3) When the customer agrees to purchase/redeem this wealth management product through the banking outlets, it is required to submit an application for wealth management business for agreed purchase/agreed redemption. (4) When the customer agrees to purchase/redeem this wealth management product through electronic channels, he/she shall make the agreed purchase/agreed redemption in the corresponding trading interface. (5) Before the final confirmation by the bank, the customer’s agreed purchase/agreed redemption application can be revoked; After the bank finally confirms it, it is not allowed to cancel it. After the final confirmation of the bank, the customer’s agreed purchase/agreed redemption application cannot be revoked. (6) The customer’s financial principal and financial income shall be transferred back to the customer’s trading account within two working days from the opening day. (7) If the customer has not agreed to redeem all the wealth management product shares before the open day, the wealth management principal corresponding to the customer’s remaining wealth management product shares will automatically enter the next closed period to participate in the investment, and the expected rate of return in this closed period will be re-announced by the bank. (VII) Please refer to the customer’s rights and interests notice for details about the customer’s agreed redemption process.