Name
Bank of China Progress
Introdution
Bank of China Progress series wealth management products fall within the scope of structured wealth management services. Bank of China Progress series wealth management products mainly include index linked, fully principal protected wealth management products with conditional earnings, covering major currencies like RMB, USD, EUR, AUD, etc. In order to enrich the variety of wealth management products available to customers, innovative structural products are continuously launched in the Bank of China Progress series to enable customers indirectly invest in and connect to overseas markets. By assuming the relevant risks concerning in the products, customers can expect relatively high investment returns.
The underlying indices of Bank of China Progress series wealth management products are diversified, including interest rate, foreign exchange rate, commodity price, share price and so on . The investment tenors are also diverse and flexibly. Investment tenors are flexibly set according to the characteristics of underlying indices, product structure, as well as the needs of customers. Investors can choose relevant products based on their own views on the market, and strive for relatively high investment returns by bearing corresponding risks, grasping the trends of the international financial market, and fully utilizing changes in the international market.
Bank of China Progress series wealth management products currently issued are fully principal protected products with conditional earnings. Therefore, Bank of China will pay the principal to customers according to the agreed conditions, while the investment risk other than that of the principal will be borne by customers. Based on the actual performance of the underlying indices, Bank of China will pay the effective yield to customers according to the yield conditions stipulated in the product specification.
Our Advantages
1. The underlying indices are diversified, including interest rate, foreign exchange rate, commodity price, commodity index, share price and so on, thus providing a desirable investment channel for customers' idle money.
2. With this product, customers are able to expand their investment channels, enhance the flexibility of yield patterns, and obtain high yields by grasping trends on international financial market.
3. The application procedures are very simple. Customers can apply for this product at authorized branches of Bank of China, with valid Identity and current all-in-one accounts.
The minimum amount of entrusted principal for customers to apply for this business will vary with different wealth management products (subject to the specific product specification). The trading term should be specifically determined in accordance with the power of term sheet for this product signed by customers and Bank of China, and customers should not prematurely terminate or cancel the product.
Currency
RMB and major foreign currencies like USD, AUD, etc.
Term
The investment terms vary from one month to several years, and should be flexibly determined according to the market conditions and the product structures.
Target Customers
Individual customers who have a considerable understanding of the international financial market, a good understanding of the product as well as moderate or high abilities to take risks.
Process
1. Product announcement: When issuing each product, Bank of China will publish the product release announcement and the product specification.
2. Subscription application: After carefully reading the product specification and fully understanding the relevant risks, individual customers can apply for this product at any authorized branch of Bank of China with valid identity documents and current all-in-one accounts opened in Bank of China. Customers must sign relevant agreements with Bank of China to confirm their purchase of the product.
3. Product establishment: Upon expiration of the subscription term, if the accumulative amount of the funds raised reaches the lowest limit specified in the product specification, the product will be deemed to be established on the value day.
4. Yield payment: Bank of China will pay the accured yield to investors on the payment day stipulated in the product specification. In case the product is prematurely terminated according to the conditions agreed in the product specification, Bank of China will pay the principal and interest to investors on the corresponding premature termination day.
Case
A customer, Mr. Zhang, is a middle-level manager of an enterprise, and he often pays much attention to the fluctuation in the financial market. He thinks that market prices of some commodities, especially gold and oil, are likely to go up. Therefore, Mr. Zhang consults a wealth manager at the Wealth Management Center of Bank of China to see if there is an appropriate wealth management product that can meet his market view, and the wealth manager immediately introduces the following Bank of China Progress series product to him.
The Bank of China Progress series wealth management product is linked to gold and oil trends. Therefore, assuming that the prices of the two commodities, namely, gold and oil, are both above 110% of their respective original prices at the expiration of the product, investors are able to obtain 100% of the guaranteed principal and the yield at an annual rate of 6.50%. Otherwise, investors are still able to obtain 100% of the guaranteed principal and the yield at an annual rate of 0.36%.
Kind Reminder
1. We don't guarantee to provide quotation for the early redemption of the product; As part of the principal may be lost due to early redemption, we are unable to fully satisfy the liquidity requirements of investors. Based on the computational method of the return on investment returns agreed in the product specification, the effective yield rate of this product is determined by the performance of the linked market indices, and therefore possibly to be lower than the deposit interest rate of the same period. As this product is closely related to the international financial market and has a relatively complex structure, investors are required to have an appropriate understanding and tracking of the international financial market.
2. As Bank of China Progress products will not be launched on a regular basis, please pay attention to announcements of your local branches.
3. The content above is for your reference only; and the specific business type, the currency type as well as the handling procedures should be subject to the applicable regulations of the local branches of Bank of China.
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