1. What are the financial institutions that cooperate with Rongzhong?
Let me answer the questions: Beijing Housing Loan Guarantee Center, Bank of China, Shenzhen Development Bank, Industrial and Commercial Bank of China, China Merchants Bank , Citibank, China Everbright Bank, China Minsheng Bank, Bohai Bank, Shanghai Pudong Development Bank, Bank of Beijing, Bank of Tianjin, Guangdong Development Bank, Beijing Rural Commercial Bank, China CITIC Bank, Industrial Bank, Huijin Pawn, etc. Their company address is: 29th floor, Kyoto Xinyuan Hotel, Lianhua Bridge
2. What are the credit products that banks cooperate with financial institutions
The bank itself is a financial institution. The cooperative credit products mainly include agreed deposits and other projects.
3. Financial interbank non-credit asset business cooperation and commercial banking business
Commercial banking business is the traditional main business of Bank of China, including business and financial market business (mainly treasury business). Corporate financial business
Corporate financial business is the main source of China Banking’s business profits. We will continue to focus on improving the customer service system, promoting overall business linkage, strengthening product innovation and implementing management transformation, establishing a corporate financial sector, and strengthening conditions. line management. Bank of China implements long-term cooperative relationships with key large-scale high-quality corporate customers, and at the same time makes it clear that the small and medium-sized enterprise business is an efficient, professional and comprehensive partner for small and medium-sized enterprises that can meet their comprehensive needs. Deposit business
Bank of China actively responds to the impact of the rapid development of the capital market on RMB corporate deposit business and large-ticket business.
Loan business
Bank of China continues to strengthen loan structure adjustment, increase investment in key supporting industries, and achieve optimal allocation of credit resources.
Financial Institutions Business
Bank of China focuses on comprehensive cooperation with financial institutions, sharing and jointly developing new products to provide customers with more comprehensive services.
Bank of China also clears US dollars, euros and yen through its New York, Frankfurt and Tokyo branches. All banks are local primary clearing banks.
International settlement and trade finance business
International settlement business is the dominant business of Bank of China. Bank of China strengthens the linkage between domestic and overseas institutions to achieve rapid development of international settlement and trade financing business.
Other corporate financial services
Bank of China provides payment and settlement services, mainly including bank drafts, cashier's checks, exchange of drafts, entrusted collection deposits and bill custody, etc.
Product and service innovation
Bank of China combines and innovates corporate financial products in line with the latest business needs of corporate customers; it increases product cooperation with financial peers and actively carries out inter-bank corporate credit asset exchanges. Transfer business; launched Rongyida (financing services based on accounts receivable), Tongyida (pledge and issuance of accounts receivable), Rongxinda (financing services based on accounts receivable insured by export credit insurance) and Ronghuoda (goods pledge financing) and other products further enriched the types of financing products; launched new products such as concealed export factoring and forfaiting under d/a bank guaranteed notes; in compliance with changes in the mainstream settlement methods of global trade, in Mainland China and ft organized a service facility platform (tsu) to realize the first real tsu transaction in China.
The Bank of China has learned from the successful practices of domestic and foreign peers and relied on the business model of strategic investment in small businesses; revised the credit policy system for small and medium-sized enterprises to simplify the operating procedures of credit business for small and medium-sized enterprises; and launched the new small and medium-sized enterprises according to the characteristics of the financing needs of small and medium-sized enterprises. Financing provides short-term financing support to small and medium-sized enterprise customers.
Bank of China integrates clearing resources and is the first in mainland China to launch a series of payment products that integrate overseas branches and agency banking services: "Full Arrival", "Taiwan Remittance", "Priority Remittance", " "Special remittance service" has been realized to expand the coverage of the product to the greatest extent. The "Taiwan remittance" product has changed the situation that this business has been dominated by agent banks and expanded the business market. Personal Finance
Personal finance business is one of the strategic development priorities of Bank of China. Bank of China continues to improve the management system and operating mechanism of personal financial business, establish a personal financial sector, and strengthen personal business line management; it focuses on promoting the transformation of branch operation methods, the construction of customer tiered service systems, and the reform of retail loan marketing methods and approval processes. ; Strengthen product and service innovation, optimize business structure and income structure, and expand profit sources.
Savings Deposit Business
In response to the need to maintain and increase the value of personal financial assets, Bank of China proactively adjusts its business strategy and promotes the coordinated development of savings business and financial management business.
Personal loan business
Bank of China vigorously promotes "direct customer" marketing services and promotes and improves the online centralized approval system.
Personal intermediary business
Bank of China's personal intermediary business includes: local and foreign currency remittances, personal foreign exchange settlement and sales, foreign currency exchange, agency insurance and fund business, agency collection and payment business, etc.
Personal foreign exchange settlement and sales and personal international remittance business are the traditional advantageous businesses of Bank of China. Bank of China continues to expand its acceptance outlets for foreign exchange settlement and sales, strengthens cooperation with international remittance companies, and increases sources of foreign exchange business. Further segment the personal foreign exchange business market, integrate numerous foreign exchange products into "one-stop" services, and create the "BOC Exchange" brand.
Bank of China seizes the good opportunities arising from the rapid expansion of the capital market and the rapid development of various emerging investment products, vigorously develops fund agency sales, insurance agency and other businesses, and achieves leapfrog growth in agency business income.
"BOC Wealth Management" service
Bank of China actively expands personal financial management business and is committed to the professional construction of "BOC Wealth Management". There are 366 unified standard financial management centers, more than 1,000 financial management studios and numerous branch financial management counters, forming a wide-coverage, multi-level financial management service channel for personal customers; a team of more than 200 financial management investment consultants has been established and a professional financial management team composed of more than 2,500 financial managers to provide customers with professional services such as investment and financial management solutions and investment and financial management series products; exclusive VIP channels for "BOC Wealth Management" have been opened at airports in major domestic cities to further improve "BOC Wealth Management" Customer value-added service system.
Private banking business
Bank of China provides private, exclusive, wealth-creating and high-quality services to high-net-worth individual customers with personal financial assets of more than US$1 million, becoming Bank of China. A new development platform for personal financial business. Bank of China's private banking customers and assets under management have grown rapidly, with obvious first-mover advantages.
Bank card business
Bank of China continues to increase its efforts in the research and development, marketing, services and system construction of bank card products.
Channel Construction
Bank of China’s mainland institutions have 10,145 business outlets and are an important strategic resource of Bank of China. Bank of China comprehensively promotes branch transformation projects, assigns core functions to branches by category, optimizes business processes, and implements key performance indicator assessments.
Bank of China continues to increase investment in self-service equipment such as ATMs, and further optimizes the equipment layout and functions.
Product and Service Innovation
Relying on its global service network and diversified service platform, Bank of China provides customers with a full range of financial services and continuously innovates and launches new domestic and foreign currency financial products. We continued to promote overseas wealth management counter business and provided convenience for customers’ cross-border asset allocation.
Further segmented the financing needs of customers in the fields of consumption and investment operations, and launched the "Anxinbao" second-hand house transaction fund entrustment supervision business and the "Anyibao" second-hand house transaction fund entrustment management business, and retail loans. Related intermediary business services have enhanced the influence of the "Ideal Home" retail loan brand.
Strengthen the promotion of bank card products, and launch special products such as UnionPay single-currency Great Wall Business Card, Air China Zhiyin BOC Visa Olympic Credit Card, BOC Ctrip Credit Card, Amway BOC Credit Card, etc., covering official expenses of domestic enterprises and institutions, aviation To meet market demands such as frequent flyers, business travel and business purchases, we launched co-branded card products for market segments such as Bank of China Large and Medium Co-branded Card, Great Wall Ideal Home Co-branded Card, Great Wall China Life Co-branded Card and other market segments. Continuously improve the core functions of credit card products, activate the automatic repayment function of Great Wall RMB Card to Bank of China Credit Card; complete the transformation and upgrade of the EMV standard of Great Wall International Card. Financial market business
The financial market business of Bank of China mainly includes: proprietary trading and agency business of local and foreign currency financial instruments, various types of securities or index investment business in local and foreign currencies, debt capital market business, financial management on behalf of clients and Asset management business, financial agency and custody business, etc. Bank of China mainly operates treasury business through five trading centers established in Beijing, Shanghai, Hong Kong, London and New York. Global Investment
Bank of China’s global investment mainly includes foreign currency investment and local currency investment.
Bank of China’s foreign currency investments mainly include government bonds, agency bonds, credit bonds, mortgage-backed bonds (mbs), asset-backed bonds (abs), money market funding, etc.
Global transactions
Bank of China transactions are mainly divided into proprietary transactions, market-making quotation transactions and related client transactions.
In terms of market making and quotation business, Bank of China emphasizes the balance between business development and market liquidity risk control. In the inter-bank market, Bank of China maintains its focus on foreign exchange settlement and sales, precious metals, RMB bonds and RMB swaps. business leadership.
In terms of client transactions, Bank of China actively seizes the market opportunities of rising RMB interest rates and intensified exchange rate fluctuations, and increases the promotion of value-preserving instruments such as forward foreign exchange settlement and sales, RMB structural interest rate swaps, etc. The intensity has driven the growth of non-interest income.
Asset Management
Bank of China launched 331 products in domestic and foreign currency structured financial management. RMB Asset Management launched 8 products in 16 phases.
Debt Capital Markets
Bank of China further optimized customer services and launched financing advisory services during the year.
Fund agency sales and custody
Bank of China seizes the favorable opportunity of the rapid development of the capital market and vigorously expands fund agency sales, custody and annuity, social security, insurance, qdii, qfii, trust , special account financial management, direct investment funds and other types of asset custody businesses, while strengthening risk management and internal control, continuously improving the information technology level and service quality of agency sales and custody businesses, and achieving sustained and rapid growth in fund agency sales and custody businesses.
Enterprise annuity management
Bank of China successfully obtained the qualification of enterprise annuity account manager in 2007, possessing dual qualifications of account manager and custodian, creating an ideal environment for the development of enterprise annuity business. favorable conditions.
Product and Service Innovation
The design and quotation capabilities of new products are one of the main competitive advantages of Bank of China’s financial market business. Bank of China has always adhered to the innovative concept of customer demand-oriented, relying on its rich experience in foreign exchange business and the professional knowledge of strategic investors, and is committed to attracting customers through the development of innovative and tailor-made financial products and services. BOC Hong Kong Business
Bank of China operates commercial banking business in Hong Kong through its subsidiary BOC Hong Kong. BOC Hong Kong is one of the major commercial banking groups in Hong Kong. It provides comprehensive financial products and services to retail customers and corporate customers through more than 280 branches, more than 450 ATMs and other sales channels in Hong Kong. BOCHK is one of the three note-issuing banks in Hong Kong. BOCHK has 15 branches in mainland China and 1 branch overseas, providing cross-border banking services to its customers in Hong Kong, mainland China and overseas. BOC Hong Kong Holdings, which holds all the shares of BOC Hong Kong, began to be listed on the main board of the Hong Kong Stock Exchange on July 25, 2002. Bank of China holds 65.77% of its shares.
2007 marks the 90th anniversary of BOC Hong Kong’s service in Hong Kong. In the course of its 90-year history, BOCHK has shared its destiny, development and prosperity with Hong Kong. It has won widespread support and sincere trust from all walks of life in Hong Kong and has become an important force in Hong Kong's financial sector. 2007 is also the second year for BOCHK to implement the 2006-2011 strategic plan. BOCHK will rely on its solid foundation in Hong Kong to consolidate its position in mainland China, establish a strategic foothold in the regional market, and strive to become the best financial services group. Agency Business
BOC Hong Kong continues to optimize its stock business service platform and improve service levels, and its stock trading business on behalf of customers has performed outstandingly. In addition, the newly launched private placement service has also been welcomed by customers.
RMB business in Hong Kong
BOC Hong Kong has been authorized by the People's Bank of China to continue to serve as the clearing bank for the RMB business of Hong Kong banks. It will also continue to expand the scope of services and actively promote comprehensive RMB financial services. In 2007, as Hong Kong gained opportunities to issue RMB bonds, BOCHK successively successfully served as the joint lead bank, bookrunner and placement bank for RMB bonds issued by the China Development Bank, the Export-Import Bank of China and the Bank of China, further consolidating its market position.
The capital products business
includes structured notes and stock derivative warrant products, as well as China Qualified Domestic Institutional Investor (QDII) products. The new products were welcomed by customers and achieved satisfactory sales results.
In 2007, BOCHK further expanded its cash management service platform and provided tailor-made cash management services to key customers.
Business in Mainland China
In terms of business in Mainland China, while actively developing its own business, BOCHK continues to exert a linkage effect with Bank of China. Both parties achieve mutual benefit through mutual business referrals* **win.
As an important step in BOCHK’s “two-pronged” business development strategy in China, Nanyang Commercial Bank (China) Co., Ltd. (hereinafter referred to as “NCB China”) officially opened on December 24, 2007. . NCB China's head office is located in Shanghai and operates a comprehensive range of banking services, including RMB retail banking services. The mainland branches of BOC Hong Kong and Chiyu Bank continue to operate under the existing foreign bank branch model, focusing on the development of corporate banking and foreign exchange businesses. Investment banking business
Bank of China operates investment banking business through Bank of China International Holdings Group (hereinafter referred to as "BOCI"). Through its branches in mainland China, Hong Kong, the United States, the United Kingdom and Singapore, BOCI provides domestic and foreign customers with services including listed financing, mergers and acquisitions, financial consulting, securities sales, investment research, fixed interest income, derivative products, structured products, assets A wide range of investment banking products and services including management, direct investment, leveraged and structured finance, and private wealth management. Business Operations
BOCI has made every effort to promote the development strategy of "merchant bank" and achieved breakthrough progress. Its product lines have continued to expand, its service varieties have continued to increase, its strategic transformation has achieved remarkable results, and its business linkage with the Group has become increasingly close. The competitiveness and brand awareness are increasing day by day, and in the increasingly turbulent capital market and increasingly fierce market competition, it has set a new high in operating performance since the company was founded.
Underwriting and financial advisory
BOCI has successfully completed the public offerings of multiple listing projects as global coordinator, bookrunner, sponsor or lead manager. Calculated in terms of underwriting amount, BOCI ranked third in Hong Kong's 2007 new share underwriting list.
Securities sales and transactions BOC International has established a global institutional client network. Thanks to the rapid development of the capital markets in Hong Kong and the Mainland, BOC International continues to maintain strong growth momentum in the stock sales and trading market. BOC International and BOC Hong Kong work together to strengthen securities sales and trading business through its vast distribution network. During the year, it ranked among the top three in terms of trading volume in the Hong Kong stock spot market.
Fixed interest income
In 2007, Bank of China International successfully issued bonds (including RMB bonds) for many enterprises and financial institutions in Hong Kong as arranger, joint global coordinator and bookrunner. ), and pioneered the product structure of bond-linked option warrants in Sino-Singapore Group’s first overseas bond issuance, and won the “2007 Best High-Yield Bond Award” issued by Asia Money magazine.
Asset Management
The business of BOC Prudential, a joint venture asset management company under Bank of China International, continues to remain at the forefront of the Hong Kong market. In 2007, total assets under management increased to HK$43.3 billion, an increase from the previous year. A year-on-year increase of 51%. BOC Prudential launched the first overseas exchange-traded fund product based on the Shanghai and Shenzhen 300 Index on the main board of the Hong Kong Stock Exchange, which attracted widespread attention from the market.
Direct Investment
In 2007, Bohai Industrial Investment Fund successfully participated in several large-scale projects including Tianjin Steel Pipe Group, continuing to maintain its leading edge in the field of RMB industrial investment funds, and was awarded the "Asia "2007 China's Most Innovative Product Award" issued by Asset Management magazine.
Leveraged and structured financing
BOCI is committed to designing and providing high-quality financing planning solutions to customers, focusing on financial consulting, bridge financing, leveraged financing, structured financing and other services , providing financial support for leveraged buyouts, corporate restructuring, strategic mergers and acquisitions, project construction and other investment and financing activities.
Private Wealth Management
BOCI pays close attention to the development trends of the Asian wealth management market. In 2007, it established a private wealth management department in Hong Kong to provide services to qualified individual customers with high net worth. Providing comprehensive investment consulting, securities trading, asset portfolio consulting and a range of tailor-made products and services.
Mainland China Business
BOCI operates mainland business through BOCI Securities.
BOCI Securities is mainly engaged in securities issuance, listing sponsorship and underwriting business, securities brokerage business, bond proprietary business, securities asset management business, securities investment consulting (including financial advisory) business, etc. It has 20 branches in 17 major cities in mainland China. Sales Department. BOCI Securities is an underwriter of mainland government bonds and bonds of Chinese companies and financial institutions. In 2007, BOCI Securities ranked first among mainland securities firms in terms of underwriting share of Chinese government bonds and policy financial bonds.
Bank of China’s customer base and business network provide a broad platform for BOC International to further expand its business in mainland China. In 2007, BOCI Securities successfully served as the lead underwriter for the initial public offerings of some large enterprises in China. It has made great progress in underwriting business and has been widely recognized by investors. China's first "a first, then h" IPO project, with BOCI and BOCI Securities as the lead underwriters - China Railway Group Co., Ltd. has created a new issuance method for domestic and overseas capital market listings, reflecting the Bank of China's investment banking Advantages of cross-border business operations. Bank of China Group Insurance Co., Ltd.
Bank of China operates insurance business through its wholly-owned subsidiary Bank of China Group Insurance Co., Ltd. (hereinafter referred to as "BOCG Insurance") registered in Hong Kong. BOC Insurance mainly operates general insurance business, and operates life insurance business through BOC Life Insurance Co., Ltd. (hereinafter referred to as "BOCG Life"), which is jointly owned with BOC Hong Kong Holdings***. BOC Insurance currently has 6 branches in Hong Kong and plays a leading role in the Hong Kong property and casualty insurance market. In 2007, Standard & Poor's gave BOC Insurance an "a-" credit rating, affirming BOC Insurance's solid financial strength. Hong Kong General Insurance Business
In 2007, faced with the fierce price war in the Hong Kong insurance market, Bank of China Group Insurance, on the one hand, avoided participating in vicious competition, and on the other hand, enhanced the depth and breadth of its products by developing and improving products. Expand marketing network to strengthen competitive strength. It has developed and improved products including: "Kang'er Hospitalization Insurance Plan", "Aviation Insurance", "Core Comprehensive Protection" and other products. Without affecting the overall business, the insurance structure has been adjusted, vigorously expanding low-risk businesses and narrowing the underwriting conditions for high-risk businesses. By optimizing the business portfolio, we expanded the volume of low-risk businesses such as medical insurance and effectively reduced the proportion of auto insurance, ship insurance and other businesses.
Hong Kong Life Insurance Business
BOC Hong Kong Holdings and BOC Group Insurance hold 51% and 49% of the equity of BOC Life respectively. Currently, BOC Life operates individual and group life insurance businesses in Hong Kong and has a representative office in Beijing.
In 2007, Bank of China Group Life and BOC Hong Kong continued to strengthen cooperation and gradually demonstrated synergistic benefits. BOC Group Life meets the needs of BOCHK's customers and leverages BOCHK's sales and marketing network to launch a number of new insurance products, actively promote regular premiums and investment-linked insurance products, and continuously optimize its product structure.
Business in Mainland China
In January 2005, BOC Group Insurance established a wholly-owned subsidiary, BOC Insurance Co., Ltd. (hereinafter referred to as "BOC Insurance"), to operate insurance business in the mainland. In 2007, BOC Insurance's registered capital increased to HK$2 billion, and its solvency was significantly enhanced.
2007 was a year in which BOC Insurance sought development and breakthroughs. BOC Insurance accelerated its institutional construction and business expansion, added a vehicle insurance department, and formed four branches: industrial and commercial insurance, personal insurance, marine insurance and vehicle insurance. As a large business unit, the organizational structure of the branch has been adjusted and improved. During the year, the preparations for the establishment of 12 mainland branches were completed. By the end of 2007, BOC Insurance had established branches in 16 provinces, with its business covering most parts of the country.
BOC Insurance has established extensive business cooperation relationships with a number of internationally renowned insurance brokerage companies and reinsurance companies. We have carried out large-scale project cooperation with many domestic enterprises. Bank of China Group Investment Co., Ltd.
Bank of China engages in direct investment and investment management business through its wholly-owned subsidiary Bank of China Group Investment Co., Ltd. (hereinafter referred to as "BOC Investment"). BOC Investment is an important carrier of Bank of China's foreign direct investment and investment asset management. BOC Investment conducts various forms of investment activities in Hong Kong, Macao, mainland China and overseas, covering corporate equity investment, real estate investment, acquisition and disposal of non-performing assets, assets Management and other fields.
Business Operations
In 2007, BOC Investment served the development strategy of the Bank of China, vigorously improved its independent operation and market-oriented operation capabilities, enriched its investment portfolio, expanded its investment areas, focused on improving its core competitiveness, and continuously strengthened its internal Mechanism construction has achieved comprehensive development and improvement of business.
In 2007, BOC Investment assessed the situation, conducted investment business prudently, reasonably avoided the risk of price fluctuations, and ensured stable returns; it strengthened value management of investment projects, improved operating returns, and achieved value preservation and appreciation. At the same time, we scientifically judged market trends, seized opportunities, and exited with value added at the right time, achieving satisfactory investment returns. In 2007, BOC Investment further strengthened its cooperation in related business fields with well-known investment banks, professional funds, asset management companies, mainland government departments and strategic partners, and facilitated a number of corporate equity investments.
BOC Investment extends the value creation chain and tries to use new models as the basis for business development and expansion. In 2007, on the basis of strengthening IPO investment, BOC Investment expanded private equity investment, expanded the scale of fund investment, and conducted overseas investment market inspections, which achieved substantial results; in the context of rapid economic growth and continuous improvement of asset quality, BOC Investment based on Mature models such as sole proprietorship buyout, joint venture buyout, and structured transactions have explored and launched new business models such as acquisition of equity, acquisition of foreclosed assets, and asset transfer. It has played an active role in leveraging its own platform role and assisting in the disposal of assets within the system, and has moved towards mergers and reorganizations. The direction is further advanced. BOC Aviation Pte Ltd
On December 15, 2006, Bank of China successfully acquired Asia's leading aircraft leasing company - Singapore Aircraft Leasing Company Limited (singaporeaircraftleasingenterprisepte.ltd). This is the first large-scale overseas acquisition by Bank of China, marking Bank of China becoming the first Chinese bank to enter the global aircraft leasing business. Shortly after the acquisition, the company was renamed "BOC Aviation Pte Ltd".
As of the end of 2007, BOC Aviation’s aircraft investment portfolio consisted of 76 aircraft, serving 29 airlines in 19 countries. The company has 63 employees from multiple countries, including 55 employees in the Singapore headquarters and 4 employees each in Europe and the United States.
From 2007 to 2012, Airbus and Boeing will successively deliver 60 aircraft to BOC Aviation, 45 of which have been leased to various airlines. BOC Aviation has successfully capitalized on favorable market conditions and formed a strong and sustainable leasing income channel. BOC Aviation will actively capture market opportunities and increase revenue by acquiring assets and providing comprehensive services, including providing prepayment financing for aircraft purchases to global airlines.
BOC Aviation actively promotes Bank of China to further explore business opportunities in the international aircraft financing market. In the first half of 2007, through the work of BOC Aviation, Bank of China London Branch provided debt financing for four Airbus A321 aircraft of British Airways (Britis Hairways).
After one year of successful operation, BOC Aviation has effectively proved the value it has created for BOC Group. Leveraging the resources and financial strength of Bank of China, BOC Aviation is well-positioned to become one of the world's leading companies in the aircraft leasing field and will continue to work to help enhance Bank of China's position in the global aircraft finance market. Bank of China Fund Management Co., Ltd.
Bank of China Fund Management Co., Ltd. (hereinafter referred to as "BOC Fund") was acquired by Bank of China on January 8, 2008 from BOCI Securities Co., Ltd. and BOCI Holdings Co., Ltd. It is a Sino-foreign joint venture fund management company established jointly with BlackRock Investment Management (UK) Co., Ltd., with 67% and 16.5% equity. Currently, the main business of BOC Fund includes the issuance and management of fund products for domestic investors, and is committed to providing various investment management and consulting services to institutional and individual customers.
Bank of China attaches great importance to the expansion of asset management business. As an important force for Bank of China to vigorously expand asset management business in mainland China, BOC Fund will make full use of Bank of China’s strong network resources, customer resources and other advantages to expand sales channels. , develop business and further enhance comprehensive competitiveness.
Business operations
The four open-end funds managed by BOC Funds, namely "BOC China", "BOC Currency", "BOC Growth" and "BOC Income", all achieved good investment performance in 2007 and received widely recognized by investors. BOC China Fund and BOC Growth Fund were continuously rated as five-star funds by the Securities Times, and BOC China Fund won the "2007 China Star Fund Award".
BOC Money Market Fund always puts safety and liquidity first. In 2007, when money market funds generally faced huge redemption pressure and liquidity risks, BOC Money Market Fund effectively prevented liquidity. Sexual risks have been recognized by the majority of investors. mmmmmmmmmmmmmm