From September 4 to 22, 2006, CCB will issue as an agent Bosera Value Appreciation No.2 Securities Investment Fund (“Bosera Value Appreciation No.2 Fund” for short).

Bosera Value Appreciation No.2 Fund is a clone fund. It has the same investment objective, strategy and philosophy with Bosera Value Appreciation Fund, but is invested independently from the latter. Within the offering period the face value of the product is RMB1 and offers two load models: front-end and backend to investors. 

The target fund of Bosera Value Appreciation No.2 Fund – Bosera Value Appreciation Fund is the first fund product in China setting up a value appreciation curve. The fund manager adopts the financial engineering technologies of portfolio insurance and VaR to strictly control the fund management process and creates the non-negative safe income tracking line subject to the progress of time. Bosera Value Appreciation No.2 Fund takes complete pre-process, in-process and after-process risk management on fund investment to try to ensure the net asset value of the fund is above the value appreciation curve.

From the time when Bosera Value Appreciation Fund was launched to August 30, 2006, the fund’s accumulative net value growth rate has reached 65%, with an annual net value growth rate of 16%. Its allocated dividends of per 10 fund units were RMB1.98, and the total allocated dividends have exceeded RMB420 million, bringing high return to investors. Mr. Xiao Hua, the fund manager, once received the 2003 Morningstar (China) Equity Fund Manager Award from Morningstar Inc.

Since launching the fund agency issuance business, CCB has insisted to the principle of “offering the best products” and been committed to providing customers with efficient, convenient and sophisticated services. So far, the bank has cooperated with 18 fund management companies in selling 58 funds, covering such categories as equity, money, hybrid and bond funds. It offers back-end load, regular subscription and transfer services. It has got well prepared for the issuance of Bosera Value Appreciation No.2 Fund in terms of staff training, marketing and customer services. Investors will soon be able to subscribe the product at nearly 14,000 CCB outlets nationwide. For more details, please call the CCB customer service hotline 95533.