From August 24 to September 6, CCB’s first QDII product – “Profit from Exchange” completed placement and formally entered the interest calculation period on September 7. With five merits including “principal guarantee, stable yield, transparent information disclosure, relatively low risks and diversified asset allocation”, the product is welcomed by investors and achieves better sales than expected.

The launch of the national policy of “foreign exchange held by the people”, the permit of the People’s Bank of China on QDII business and the implementation of the Interim Administrative Measures for Commercial Banks to Provide Overseas Financial Management Services have all created a relaxed policy environment for commercial banks to conduct the QDII business. With rich asset management experiences, diversified RMB and foreign currency financial management skills and sound risk control ability, CCB is committed to bringing stable return to the investors. Its first QDII product will be invested in the U.S. bond market and the average rating of bonds to be bought will be no lower than AA. The annual return of the product is expected to be 5.4% (before withholding related fees) and the real return will depend on the performance of the investment portfolio.

In line with related policies, CCB will continue accelerating the innovation of QDII product and enhance cooperation with leading international asset management companies to keep updating its RMB QDII products.