Since June this year the enterprise annuity business of CCB has grown rapidly. On June 12, CCB and Yunnan Tin Company Group Limited (YIC) signed the enterprise annuity fund custody agreement, adding another big corporate customer to the bank’s enterprise annuity fund custody service list.

There are 31,000 people joining the annuity plan of YIC, with an annual total collected amount of RMB50 million. As a large conglomerate with a history of over 100 years, YIC has grown into the biggest tin manufacturer in the world. In the next three to five years, YIC will build the largest tin production and export base, tin materials processing center, tin chemicals processing center and arsenic chemicals center in the world and a leading rare metal R&D center. The latest enterprise annuity fund custody agreement marks a higher level of cooperation between YIC and CCB.

On June 21, CCB Xiamen Branch won the bidding of providing enterprise annuity fund custody services for Xiamen Cigarette Factory. As the first standardized enterprise annuity service offered by the Xiamen Branch, it marks a breakthrough in the branch’s annuity fund custody history. Xiamen Cigarette Factory is a large state-owned enterprise of Xiamen municipality and its total annuity values over RMB34 million.

While developing new customers, CCB pays great attention to strengthening the business relations with existing customers. Since the beginning of this year the value of its annuity custody services and the number of customers have both witnessed big increase.

So far, CCB had built the service system of centralized management of the Enterprise Annuity Center at the headquarters supported by its branches and coordinated with its partners. In the future the bank will work even harder to provide customers with better annuity management services.