By the end of June, CCB has provided custody services for 44 funds with a total asset of RMB103.9 billion and a market share of 20.32%, ranking the second among the 12 custodian banks. It is said that even in the first half of this year when fund redemption was active the entrusted fund of CCB maintained a positive growth, with the market share and total assets rising by 10% and 30% over the beginning of this year respectively.

The continuous roar of stock market and the booming fund issuance market since the beginning of this year have brought about favorable opportunities for fund custody. Taking best use of the opportunities, CCB has strengthened the marketing efforts and kept close cooperation with quality fund companies. Its entrusted funds continue to increase. So far, the bank’s custody fund products all enjoy a sound performance. Most of them have a yield of over 50%, and some even generate a yield of over 70% within less than 1 year after being issued.

Since 2001 when CCB launched the fund custody service it has been following the “customer-centric” business philosophy and the principle of “providing quality products” and making great efforts to strengthen marketing capacity, carefully select products, improve customer services and enhance service efficiency in a bid to offering customers better services.