On August 24, CCB officially launched the first phase of QDII product “Profit from Exchange”. Issued to both the individual and institutional investors, the principal and the yield of the product are paid in US dollars. Taking into account the conditions of the current US interest rate market, the term of the product is set at half a year. The fund raised will be invested in the US bond market and the average rating of the bonds to be invested in will be no lower than AA. The annual return of the product is expected to be about 5%. Meanwhile, CCB promises a 100% of principal guaranteed rate to the investors.

The first phase of QDII product “Profit from Exchange” will be released at 19 CCB outlets nationwide simultaneously. Individual investors can subscribe the product at the designated local CCB outlets and institutional investors can contact the local CCB branches for related procedures. It is said that the minimum subscription amount required by the product for institutional investors is lowered considerably to US$50,000, while in the past the amount was usually required to be above US$3 million. For some small and medium-sized businesses, the product presents a sound investment opportunity to raise the return on their assets and relieves them from the worry that the yield of small amount of US dollar assets, i.e. less than 1 million, is limited to the interest income of term deposit.