China Construction Bank Corporation (CCB) will launch a new RMB wealth management product named ‘Lideying’ on Feb. 1. This is another wealth management product after the hot sale of foreign exchange structured product---‘Huideying’. This product is designed for customers to meet their increasing needs for RMB wealth management.

Lideying that will be offered by CCB is a kind of RMB wealth management product, guaranteed by the credit of a state-owned large commercial bank, and will capitalize on professional wealth management skills and risk management. It is researched and developed on the basis of financial asset with high credit and low risk, and is a wealth management product with high return, low risk, high credit and good liquidity.

To receive a steady and high return for customers is Lideying’s goal. This Lideying has three-month and one-year term choices, with anticipated return of 2.3% and 3.03% respectively that are all 1.68 times higher than fix-term deposit interest rate of the same period. It will offer the most benefits for customers.

Good liquidity is another spotlight. In order to meet customer’s needs to cash their products in advance, CCB will enable customers to have the redemption right. Customers who have one-year term products will have three dates to terminate this investment and can receive their principal and interest on the second business day. In this way, customers can use their capital flexibly and conveniently and at the same time can obtain plenty of return even when they cash the investment in advance.

CCB saw the fastest growth in all business lines in 2004. In particular, personal banking department launched many new services such as ‘Happy Investor’ wealth management card, foreign exchange structured product—‘Huideying’, expanded functions of ATM, and the establishment of VIP wealth management center. All these services not only met customers needs, but also improved CCB’s image. In the beginning of 2005, CCB again becomes the first bank among the big four state-owned commercial banks to introduce RMB wealth management product that can be one more way for customers to invest. And information provided by insider shows that CCB will launch more products and services to meet customers investment needs in 2005.