From May 29 to June 16, 2006, CCB will act as the agent bank to issue Huafu Money Market Fund for Huafu Fund Management Co., Ltd.

The investment goal of Huafu Money Market Fund is to “gain a yield bigger than the benchmark on the precondition of maintaining the sound liquidity of the principal”. The benchmark means the interest rate of one-year time deposit after tax. The product has the following characteristics: first, safety. The fund will be mainly invested in products with high security such as Treasury bond, financial bond, enterprises bond, bond repurchase, central bank bills and etc. the period of the fund portfolio will be controlled within 180 days; second, charge free for purchase and sale. The fund will require no application, subscription or redemption fee and it can be paid in an efficient manner. And the income tax of fund dividend for individuals and companies can be exempted in line with competent rules.

CCB is one of the first commercial banks to provide fund agency services. So far, CCB has issued 47 funds on an agent basis, covering such categories as stock, money, hybrid and bond funds. It offers back-end load, regular subscription and transfer services. At present CCB has well prepared for the issuance of the fund in terms of staff training, marketing and customer services. Investors soon will be able to subscribe the fund at over 14,000 CCB outlets nationwide. For more details please call CCB customer service hotline 95533.