Important reminder: before subscribing investment funds, investors should read over the fund contracts, fund prospectuses as well as the notices of fund trading rules from Bank of China, to get an overall understanding on each fund.
Name
Open-end fund investment
Our Advantages
Stable income, large-scale investment, professional management, diversified investment risks and strong liquidity; invest in the sustainably developing companies; combine multiple investment proportions to make a reasonable usage of the capitals; conduct strict and transparent supervision to safeguard your capitals; make your wealth managed by experts. The open-end fund distribution business are offered at the outlets or sub-outlets of Bank of China where investors could make subscription, purchase and redemption of the open-end fund, providing you with more convenient and faster service in Fund investment.
Target Customers
1. Individual investors: natural person who is entitled to make investment in securities investment fund according to the laws and regulations of People's Republic of China.
2. Institutional investors: enterprise legal persons, institutional legal persons, social communities or other organizations which are registered in China and approved by the competent governmental departments, and are entitled to invest in fund.
Process
1. Open a fund account
Fund accounts are opened by investors at the Bank of China to transfer fund for fund trading.
Investors are required to open a fund account for fund clearance before transacting any fund business at the distribution outlet of Bank of China. Individual investors shall designate a current savings account corresponding to the Great Wall debit card of the investors as the fund account for Fund clearance. Institutional investor shall designate a current settlement account as the exclusive-use fund account for investment funds liquidation.
In the investment funds subscription or purchasing business, the fund account balance shall be greater than the amount of trading application, which means after the delivery of capital, the account balance shall reserve the minimum account balance in accordance with the counter account maintenance provisions.
2. Opening and cancelation of fund trading account.
The fund trading account is opened by Bank of China for investors to conduct the fund trading at Bank of China.
Investors are required to open a fund account for fund clearance before trading any fund business at the distribution outlet of Bank of China. The account is used to record the fund trading activities and the Fund holdings of investors. Each investor is allowed to open one fund trading account only. The application for opening an account will be rejected in the event the certification number of the investor is missing, excessive or reduplicative of others'. Bank of China will reserve a copy of the investor's valid ID certificate for account opening.
When canceling fund trading accounts, investors shall ensure that the trading accounts have no balance for any fund or unrealized equity, and are not frozen. Investors shall go through the cancelation formalities at the original outlet where they applied for opening accounts.
Investor shall open or cancel an account at the counter in person.
3. Application for a fund account
Fund accounts are opened by the registration and transfer depositary institution to the investors for recording their fund holdings as well as any variation. For the first subscription or purchasing of a fund, Bank of China will automatically act as the sales bank to submit, on behalf of the investor, the application for opening a fund account to the registration and transfer depositary institution, and go through the formalities for opening a fund account.
4. Fund purchase and subscription
Investors may apply to purchase or subscribe a fund on the day opening a fund trading account. Individual investors should fill in the Receipt of Open-End Fund from Bank of China(Individual) when purchasing or subscribing a fund; Institutional investors should fill in the Application for Open-End Fund Purchase/Subscription (Entity).
5. First fund purchase and subscription
The amount of fund that investors purchase or subscribe should be equal to or higher than the minimum limits regulated in the fund offering circular. Investor's multiple purchases on the day conducting the first purchase and the next working day will be considered as the first purchase because the tradings are not yet confirmed successfully by the depositary institution.
6. Fund redemption
Investors can conduct redemption only if their trading accounts have the confirmed fund shares within the redemption period. The redemption shares are not to exceed the valid and available shares in the trading account.
Individual investor shall fill in the Receipt of Open-End Fund from Bank of China(Individual) when handling fund redemption business; Institutional investor should fill in the Application for Open-End Fund Redemption(Entity).
Investors are required to select whether or not to permit a postponed redemption when conducting fund redemption. If postponed redemption is selected, the portion for which the redemption is not concluded due to occurrence of a huge amount of redemption will be postponed to be redeemed the next trading date; If postponed redemption is selected, the portion for which redemption isn't concluded will no longer redeemed the next trading date.
Words of continuous redemption and non-continuous redemption on the transaction receipt issued by some outlets have the same meaning as postponed redemption and no postponed redemption.
Counter Fund Trading
Documents to be submitted by individual investors for transacting fund business
| Opening an account |
Account Application Form |
| Personal ID certificate |
| Great Wall debit card of Bank of China |
| Trading Agreement(in duplicate) |
| Subscription |
Subscription Application Form |
| Great Wall debit card of Bank of China |
| Fund trading card of Bank of China |
| Purchase |
Trading Application Form |
| Great Wall debit card of Bank of China |
| Fund trading card of Bank of China |
| Redemption |
Trading Application Form |
| Great Wall debit card of Bank of China |
| Fund trading card of Bank of China |
| Change of information |
Information Change Application Form |
| Personal ID certificate |
| Certifications provided by the public security organ are required for key information changes. |
| Great Wall debit card and fund trading card of Bank of China |
| Account cancelation |
Account Cancelation Application Form |
| Personal ID certificate |
| Great Wall debit card of Bank of China |
| Fund trading card of Bank of China |
| Non-trading transfer |
Non-trading transfer application form(in duplicate) filled by successor or donator |
| Relevant legal documents( notarization certificate, documents issued by judicial authority to certify the successor's ID number, Hukou book and its copy)(in duplicate) |
| The original and copy of valid identity papers of the successor and donator(in duplicate) |
| The debit card and fund trading card of successor, ancestor or donator |
| The donee's organization code certificate, business license or the original of registration certificate(official copy) and the copies with official seal thereof(in duplicate) |
| The original and copy of the ID card of donee's person in charge and a power of attorney authorized by the legal person. |
| Dividend way |
Documentations submitted are the same as purchase |
| Inquiry |
Personal ID certificate |
| Great Wall debit card and fund trading card of Bank of China |
| Order withdrawal |
Order Withdrawal Application Form |
| Personal valid identity documents |
| Great Wall debit card and fund trading card of Bank of China |
| The receipt of original transaction |
| Registered investment funds |
Same as opening an account |
| Trusteeship transfer |
Same as purchase |
| Fund exchange |
Same as redemption |
| Dollar cost averaging |
Same as purchase |
Documents to be submitted by institutional investors for trading fund business on the counter
| Opening an account |
Organization code certificate, business license or the original of registration certificate(official copy) and the copies with official seal thereof(in duplicate), all of which the Bank of China will reserve the copy documents |
| Account Opening Application Form (with official seal, legal person's signature and seal and reserved stamp seal) |
| A power of attorney(with legal representative's signature or seal, and the seal of the institute) |
| Reserved stamp specimen(same with the reserved stamp seal of fund account) |
| Original and copy of valid ID of the person in charge |
| Trading Agreement in duplicate (with legal representative's signature or seal, and the seal of the institute) |
| Subscription |
Subscription application with reserved stamp seal |
| Purchase |
Purchase application with reserved stamp seal |
| Redemption |
Redemption application with reserved stamp seal |
| Change of information |
Official letter of the institute with reserved stamp seal |
| For important information changes, you shall submit an updated business license, organization code certificate, and the original of change certification(official copy) as well as the copies with official seal thereof |
| A power of attorney with legal representative's signature or seal, and the seal of the institute |
| Original and copy document of valid ID of the person in charge |
| Account cancelation |
Cancellation application form with official stamp |
| A power of attorney with legal representative's signature or seal, and the seal of the institute |
| Original and copy of valid ID certificate of the person in charge |
| Non-trading transfer |
The donator and donee's organization code certificate, business license or the original of registration certificate(official part) and the copies with official seal thereof(in duplicate) |
| Donator shall present the original and copy documents of the official letter applying for a non-transaction transfer, and a power of attorney (with official seal and legal representative's signature)thereof (in duplicate) |
| Original and copy of valid ID(in duplicate) of the persons who represent the donator and donee respectively |
| The original and copy document of donation notarization(in duplicate) |
| Dividend payment option |
Official letter with reserved stamp seal on dividend payment option |
| Inquiry |
Valid certifications of the institution |
| Valid ID certificate of the person in charge |
| Order withdrawal |
Official letter with reserved stamp seal |
| The original receipt of transaction commission |
| Fund account number register |
Application form with reserved stamp seal(receipt) |
| Valid ID certificate of the person in charge |
| Trusteeship transfer |
Application form with reserved stamp seal(receipt) |
| Valid ID certificate of the person in charge |
| Fund exchange |
Application form with reserved stamp seal(receipt) |
| Valid ID certificate of the person in charge |
Online Fund Trading
1. Bank of China brings out an online fund trading system to provide our customers with a variety of and convenient fund management services. Through this new trading method, you may trade fund at home and enjoy the quality service provided by Bank of China. At present, the system could provide you with the following services: fund purchase, fund subscription, fund redemption, set up/cancel automatic re-investment, fund code inquiry, net assets value of investment funds inquiry, investment funds account balance inquiry, fund trading details inquiry and balance inquiry of investment funds account. The process is as follows:
⑴ Step 1 may be skipped over if you have traded fund business at Bank of China.
⑵ You are required to open telephone banking business when you open a debit card for open-end fund business.
You have to open telephone banking business at an outlet of Bank of China if you have transacted the fund business but without opening a telephone banking when applying for a debit card.
⑶ When opening an online banking account, you may designate a debit card as same as the one you designated for fund business at the counter. If you are among the online banking customers of Bank of China, but the debit card of online banking is inconsistent with the debit card for trading fund business, you have to open another online banking account with the debit card for trading fund business.
⑷ For details on how to open an account online, please see the instructions after logging in your online banking.
2.New edition of online banking trading guideline
If you have opened a fund trading account at an outlet of Bank of China, you are required to link the corresponding debit card (fund account) of the fund trading account to the online banking, and then register your fund trading account and fund account at the new edition of online banking;
In case that you have not opened a fund trading account in Bank of China yet, you could link a Great Wall debit card at the new edition of online banking as the fund account of fund trading, and then open a fund trading account with the "opening a fund trading account" function at the new edition of online banking;
In case that you have opened a fund TA account of a certain fund company through an institution other than Bank of China, you have to register the fund TA account in the new edition of online banking before purchasing the company's fund.
Kind Reminder
1. Order withdrawal
Investors are not allowed to conduct order withdrawal after subscribing the fund within the fund offering period.
After the offering period expires, investors are allowed to transact order withdrawal for fund purchase and redemption within the specific business time (before 15:00 pm)on the day. Order withdrawal shall be transacted at the original transaction outlet. Customer must make order withdrawal completely with no partial withdrawal of the transaction commission.
2. Dividend payment option
If investors make no change of the dividend payment option for a certain fund, the dividend payment option for this fund is subject to the option acquiesced in the fund prospectuses. Bank of China will handle the transaction upon individual investor's application according to the dividend payment option. This dividend payment option modified in this way represents that the investor has made modification against a certain open-end fund of his holdings. Investors could modify the dividend payment option on the very day of opening an account, transacting purchase and subscription.
3. Trading account information modification
If investors intend to modify the information of Fund account, they shall go through the modification formalities at the outlets of Bank of China. To modify the important information concerning number or type of identification certificate, investors shall do it when there is no confirmed deal in the account. When the fund trading is completed, no modification and change to the number and type of the ID certificate could be made at the very day. Whereas, when the modification and change to the number and type of the ID certificate is done, no fund trading could be conducted on the very day.
4. Freeze and unfreeze
Freeze and unfreeze means to freeze or unfreeze the Fund account and shares. According to the provisions of the fund agreement and relative announcement, fund companies (register and transfer depositary institution) only handle the freezing and unfreezing business caused by judicial process required by the competent governmental organ or departments. Outlets of the bank are not in charge of the business.
5. Non-trade transfer
Non-trade transfer means to transfer a certain amount of Fund from a investor's fund account into another investor's not in fund trading ways like purchase and subscription, but in ways of succession, donation, bequeath, voluntary divorce, breaking-up of a family and allotment of its properties, gracious transfer of state-owned assets, combination or division of an institution, sale of asset, institution liquidation, enterprise bankruptcy liquidation, judicial affairs implementation, as well as other activities accepted by the depositary institution of Fund register and transfer.
The distribution outlets of bank only take charge of the acceptance of non-transaction transfer application caused by non-judicial reasons, such as succession, donation, bequeath, willing divorce, breaking-up of a family and allotment of its properties, and then send the original documents to the depositary institution of Fund register and transfer (fund company) by EMS for them to implement the transfer. All non-trade transfers caused by judicial reasons shall be processed by the depositary institution of fund register and transfer (fund company).
Investors shall submit the relevant documents (official part) in duplicate, one for bank to preserve and the other for depositary institution (investment funds administration company).
6. Register account number(additional trading account number)
Investors, who have opened a fund account at sales institutions other than Bank of China and intend to trade fund business in Bank of China, are required to first transact account opening and fund account number registration at the Bank of China.
When applying for registration of fund account number, individual investors shall submit, besides the required documents for opening an account, the fund account number issued by the original depositary institution, as well as the trading account number issued by Bank of China.
7. Transfer of trusteeship
Transfer of trusteeship refers to the activity that an investor transfers his fund shares from one trading account to another trading account for trusteeship.
Investors shall present specific information including the name and number of the transferor/ transferee's distribution outlet and original trading serial number, as well as the fund account number issued by the depositary institution. To transact trusteeship transfer business, individual investors are required to carry the same certificates and documents as required for purchase and redemption business. Under trusteeship transfer, the transfer-out fund shares must be valid ones. The transfer-out shares and the rest shares shall be no less than the required minimum shares. In case that the rest share of the investment funds is lower than the required minimum shares, the rest shares shall be transferred out along with all the others. To transact transfer-in business, investors shall open a trading account number at the transfer-in bank and fulfill the registration for fund account number.
8. Fund exchange
Fund exchange is a kind of service provided by the fund manager to the fund holder. i.e. to transfer one of the holder's fund into another fund, both of which are managed by the same fund manager.
The transfer transaction could only be conducted under normal trading account conditions, and the funds to transfer must be a transferable one prescribed by the fund management company. In a fund exchange business, the transfer-out fund shares must be in compliance with the minimum redemption shares requirements, meanwhile, the rest of the fund shares must be no less than the minimum shares requirements. If the rest shares after transfer-out is lower than the minimum holding shares, all shares shall be transferred out for one time, otherwise the application for transfer-out will be considered as failure.
According to the provisions of the Investment Agreement and the Announcement issued by the fund manager, in case of occurrence of a huge sum transfer, investors are allowed to choose postponed or non-postponed transfer, or the non-postpone transfer mandated by the fund company. The process of handling postponed transfer is the same as postponed redemption.
9. Post-register of fund trading card
If the fund trading card is damaged or lost, the investor shall apply to a new one at the sales outlet.
10. Inquiry
Bank distribution outlets shall accept the inquiry application of the investors who have traded fund formalities at the outlets and the judicial institutions. Investor may make inquiry at T+2 day after trading a fund at T day. Bank distribution outlets will provide investors with on-line trading inquiry service within three months; For inquiry on trading records beyond three months, the distribution institution could offer assistance by other approach.
11. Equity registry
Investors should read over the relevant fund documents since different fund companies have different equity registry provisions.
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