China Construction Bank (CCB) will act as the agent bank to issue the money market fund of China International Fund Management Co. Ltd. (CIFM) from March 28 to April 8.

The investment objective of CIFM’s money market fund is to provide the capital liquid reserve for investors, improve cash management and obtain a stable yield higher than the benchmark through a rational choice of assets and with the prerequisite of effective control over investment risks and maintaining high liquidity.

Main features of CIFM’s money market fund are as the followings: first, class scheme. Fund holders will be divided into class A and class B and will receive different services and pay different fees. Class A refers to fund holders with fund shares that are always lower than 5 million in the duration or degraded from class B. Class B refers to fund holders with fund shares that ever reach 5 million in the duration and more than 500 thousand. Second, security and liquidity. The average maturity of the fund investment portfolio will be controlled within 120 days and the security and liquidity of the fund will be taken as the essence. Third, rating. In this May, international authoritative rating agencies will be introduced. This measure will efficiently oversee the operation of the fund management company, help the fund management company to improve internal control system, decrease the operational and investment risks and safeguard investors rights and interests.

Since CCB acted the agent bank to sell the first fund, CCB has always centered at customers and step by step to offer a scientific fund products portfolio. All products sold by CCB as the agent bank cover stock fund, securities investment fund, money market fund and principal guaranteed fund, which can meet customers various needs. By the March of 2005, CCB has sold 26 open-ended funds as the agent bank, with the sales volume of over RMB 31 billion, ranking the leading position among domestic banks.

So far, CCB and CIFM have done affluent preparation works in training, customer services on the market situation and product features. Investors can inquire and subscribe CIFM’s money market fund at more than 14,000 CCB outlets when this fund starts to sell.