Xincheng Salary Jinbao is a money fund wealth management product jointly launched by Xincheng Fund Management Co., Ltd. and China CITIC Bank on May 9, 20 14, which realizes the functions of withdrawing cash at ATM and swiping cards at POS at any time.
Xincheng Salary Jinbao, namely "Xincheng Salary Jinbao Money Market Fund", is the first money fund wealth management product jointly launched by Xincheng Fund Management Co., Ltd. and China CITIC Bank on May 19, 2065438. The functions of ATM cash withdrawal at any time and POS card swiping are realized. Xincheng Salary Jinbao has made a breakthrough in the mode of money fund subscription and redemption, and adopted the mode of "automatic financial management". Subscription automation means that a cardholder can set a minimum amount after applying for a Zhang Zhongxin bank card (savings card), and the excess amount will be automatically converted into a monetary fund.
Product characteristics
1. Different from the traditional T+0 redemption concept, Xincheng Jinbao Monetary Fund supports real-time cash withdrawal, credit card consumption and inter-bank transfer of all UnionPay POS machines in China through the counter of CITIC Bank and all ATMs in China. Xincheng Salary Jinbao has opened the functions of credit card related repayment and personal loan related repayment of CITIC Bank.
The Fund invests in financial instruments permitted by laws, regulations and regulatory authorities, including cash, call deposits, short-term financing bonds, bank time deposits within one year (including one year), large deposit certificates, bond repurchases within one year (including one year), central bank bills within one year (including one year) and bonds with remaining maturity within 397 days (including 397 days). This fund is a money market fund, which belongs to the high liquidity and low risk variety of securities investment funds.
13. CITIC Bank is one of the national commercial banks in China, formerly known as CITIC Industrial Bank, founded in 1987, and changed its name at the end of 2005. CITIC Bank is one of the national commercial banks in China, with its headquarters in Beijing. The major shareholder is China CITIC Company Limited. BBVA spent 506.543 billion euros (about HK$ 5.02 billion) to buy 5% equity of CITIC Bank, or it can choose to increase its shareholding in CITIC Bank to 65.438+00.07%.
On April 27th, 2007, CITIC Bank was listed on the Shanghai Stock Exchange. CITIC Bank is the seventh largest bank in Chinese mainland, with total assets exceeding HK$ 65,438+0,200 billion, * * * employees exceeding 65,438+0,600 and more than 540 branches. It is one of the six banks and three guarantees for Chinese financial stocks in Hong Kong. On May 9, 2020, the Consumer Protection Bureau of the China Banking Regulatory Commission reported that in March, 2020, CITIC Bank provided personal bank account transaction details to a third party without the authorization of the customer himself, which violated the principle of confidentiality for depositors. Our bureau will start the investigation procedure in accordance with relevant laws and regulations and investigate and deal with it strictly according to law.