Agreement deposits are deposits of a certain period and above a certain amount that are handled by a bank and other institutional legal persons or legal person authorized institutions in accordance with the relevant regulations of the People's Bank of China and the China Banking Regulatory Commission by signing an agreement to agree on the deposit interest rate.

Agreement deposits are deposits opened by commercial banks in accordance with the regulations of the People's Bank of China or the China Banking Regulatory Commission for some Chinese funds of special nature, such as insurance funds, social security funds, pension insurance funds, etc., with longer terms and larger minimum deposit amounts.

, interest rate, term, interest settlement and payment methods, default penalty standards and other RMB deposit types agreed upon by both parties.

Applicable objects include foreign-funded insurance companies, social security funds, Postal Savings Bank and other legal entities approved by the People's Bank of China that can handle this business.

1. Agreement deposits of insurance companies (1) When an insurance company handles agreement deposits, its head office must sign an "Agreement Deposit Contract" with the bank's head office to agree on the interest rate level, deposit period, interest settlement and payment methods, breach of contract penalty standards,

Advance withdrawal conditions and other matters.

(2) The minimum deposit amount agreed upon by an insurance company is RMB 30 million (inclusive), which must be deposited in one go and withdrawn in one go.

(3) The deposit term of the insurance company’s agreed deposit is five years (exclusive) or more.

(4) After the agreement deposit funds are deposited, the bank will issue a "Confirmation of Account Opening for Institutional Time Deposits".

2. Social Security Fund Agreement Deposits (1) For social security funds to handle agreement deposits, the local Human Resources and Social Security Department, National Council of Social Security Funds and other institutions must sign an Agreement Deposit Contract with the head office to agree on the interest rate, deposit period,

Interest settlement and payment methods, default penalty standards, early withdrawal conditions, etc.

(2) The minimum minimum deposit amount for social security fund agreement deposits is RMB 500 million (inclusive), which must be deposited in one time and withdrawn in one time.

(3) The deposit period of the social security fund agreement deposit is five years (exclusive) or more.

(4) After the agreement deposit funds are deposited, the bank will issue a "Confirmation of Account Opening for Institutional Time Deposits".

Operation method: 1. The deposit is directly deposited into the account opened by the project party at a bank (all banks except local commercial banks and credit unions are acceptable, preferably at the branch level); 2. The money is entered into XX Company and signed a deposit agreement (

According to the version of the "Agreement Deposit" issued by the People's Bank of China to each commercial bank and provided by the bank), after the agreement is signed, the funding party will deposit the money into the project party's account in accordance with the terms of the agreement.

3. At the expiration of the five-year period, payment will be made between banks; 4. Company XX will sign an investment cooperation agreement with Company XX.

5. The remaining 11% will be paid within 10 banking working days after the deposit arrives; 6. The deposit together with the principal can be withdrawn in one go, and the interest will be paid annually if the interest can be paid annually; 7. 5 banking working days after the agreement is signed

The internal funds arrive in the account; 8. The entire operation process takes 20 days; 9. The user must bear the funds, accommodation and travel expenses to and from the place of operation.