Because there is a relationship between the parent company and the subsidiary company, it is understandable that the bank sells the products of the subsidiary company on a commission basis. However, when investors buy, the product manual will indicate the issuer, and investors can check whether it is issued by the bank or CCB when they buy. Generally speaking, the risk level of these wealth management products is between RI and R3, so the risk is not too high, which is very suitable for stable investors. The difference between CCB's financial management and CCB's financial management
However, CCB Financial Management is a financial product managed by CCB, and CCB Financial Management is managed by CCB Wealth Management Co., Ltd., a financial subsidiary of CCB, but both are guaranteed.
Jianxin Wealth Management Co., Ltd. is the first batch of financial subsidiaries of commercial banks approved by CBRC, which was initiated by China Construction Bank. CCB Financial Products are issued and managed by CCB Financial Co., Ltd., and can be viewed and purchased through CCB Mobile Banking app, online banking, outlets and other channels.
The wealth management products of CCB were issued by Jianxin Wealth Management Co., Ltd., a wholly-owned subsidiary of China Construction Bank, and were established on May 24th, 20 19. Because banks are mainly engaged in deposit and loan business and cannot issue fund products, they set up subsidiaries to issue them. Of course, CCB itself can also issue wealth management products, but these wealth management products generally start at 50,000 yuan.
Many large banks have set up their own wealth management subsidiaries, separating banking business from wealth management business, also for the sake of less restrictions on the development of bank wealth management products and diversified and innovative development.
Announcement of China Construction Bank
China Construction Bank, formerly known as People's Construction Bank of China, was established in June 1954+ 10/(later renamed as China Construction Bank on March 26th, 1 996). The head office is located at No.25, Financial Street, Beijing. It is a large state-owned bank managed by the central government and a national deputy ministerial unit. The main business areas of China Construction Bank include corporate banking, personal banking and treasury business, with branches and subsidiaries in 29 countries and regions, and subsidiaries in many industries such as funds, leasing, trust, life insurance, property insurance, investment banking, futures and pension.