Bank of China recently has introduced an independently developed new product that can help its business customers analyze the yields on their corporate annuity accounts.
Based on the trading data of hundreds of corporate annuity customers in Bank of China's custody over the past five years, this product is designed and developed on the current portfolio performance evaluation system in combination with the unique business needs of the corporate annuity customers.
This product allows the customers to compare their annuity portfolio performance against the others by selecting multiple time periods, single investment manager, annuity investment portfolio and other dimensions, thus facilitating the analysis and management of the investment managers' investment to better understand the investment managers' capability. It has helped solve the problem of the absence of a comparable benchmark in the business annuity investment portfolio.
The total amount of funds, insurance, annuities, QDII, QFII, brokerage, bank financial products and equity investment funds in the custody of Bank of China - the leading domestic custodian bank, has reached RMB one trillion. The Bank of China's custody business is characterized by a wide product variety, a complete customer structure, excellent professionalism and the cutting-edge system technology. Currently, the large and medium enterprises that have a custodian account or a corporate annuity account with Bank of China come from a wide variety of industries from finance, steel and iron, tobacco, coal mine to electric power, ensuring its leading position in the market. By the end of December, 2010, the amount of annuity in the bank's custody had increased by RMB 9.07 billion from that in early 2010, with an 18.6% year-on-year growth. Meanwhile, the number of annuity account had increased by 750.9 thousand over the same period, representing an 18% year-on-year growth.
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