ICBC Payroll is an open-end monetary fund launched by ICBC Credit Suisse Bank Fund Management Co., Ltd., and the minimum subscription amount of ICBC Payroll is RMB 65,438+000. Investors can purchase or redeem the fund on the open day of the fund, and the fund can be redeemed on T+65,438+0. The Fund mainly invests in short-term monetary instruments with less risk, such as government bonds, interbank deposits, commercial paper and bank time deposit certificates.

ICBC's payroll products are different from Internet financial cash management products, and do not involve the link of docking and underwriting with money funds, which has advantages in protecting customers' personal information. In terms of subscription limit, ICBC Payroll has no subscription and holding amount limit.

The issuer of ICBC's payroll is ICBC Credit Suisse Bank Fund Management Co., Ltd., which is the first joint venture fund management company directly initiated and controlled by banks in China. The shareholders of the company are China Industrial and Commercial Bank of China Limited (80%) and Credit Suisse Bank (20%), with a registered capital of RMB 200 million. The business scope includes asset management business such as funds approved by the China Securities Regulatory Commission; Raising and establishing funds; Specific customer asset management business, enterprise annuity business, social security fund entrusted investment management business and other businesses approved by China Securities Regulatory Commission.