Postal Savings Bank of China Launches 10 Investment Products
Postal Savings Bank of China, the country’s fifth largest bank, made a plan to introduce 10 investment products in June, the China Post News reported.
The bank has launched nine investment products named Fortune No. 5 to No. 13 from Jun. 5 to Jun. 26, which will bring in RMB 5.56 billion for the bank. Another product targeted at the bond market is expected to be issued from Jun. 16 to the end of this month, which will provide investors with more choices and stable proceeds with a lower investment risk.
Postal Savings said the bank will continue to concentrate on the R&D of investment products with lower risk and more profit. Meanwhile, it will be engaged itself to improve the management system and risk control measure of its personal financial services.
Approved by the China Banking Regulatory Commission (CBRC), the Postal Savings Bank of China was established in March 2007.
1 USD = 6.87500 CNY
Postal Savings Bank of China, the country’s fifth largest bank, made a plan to introduce 10 investment products in June, the China Post News reported.
The bank has launched nine investment products named Fortune No. 5 to No. 13 from Jun. 5 to Jun. 26, which will bring in RMB 5.56 billion for the bank. Another product targeted at the bond market is expected to be issued from Jun. 16 to the end of this month, which will provide investors with more choices and stable proceeds with a lower investment risk.
Postal Savings said the bank will continue to concentrate on the R&D of investment products with lower risk and more profit. Meanwhile, it will be engaged itself to improve the management system and risk control measure of its personal financial services.
Approved by the China Banking Regulatory Commission (CBRC), the Postal Savings Bank of China was established in March 2007.
1 USD = 6.87500 CNY
