Introduction

Services include current to fixed-term, deposit notification, “Money-Proliferation Financing”, foreign exchange finance and RMB finance, etc.

 Feature

Online finance, convenient, value- added.

 Cases

Case One：Ms Zhang, working in a company, has stable job and 5000 RMB monthly salary. Every month she has a balance of 3000 RMB deducting daily expenses. In the past, every three months Ms Zhang transfer the accumulated fund to one year termed deposit at the bank’s counter. CMBC’s personal finance manager Li recommended Ms Zhang our personal finance account “Money-Proliferation Financing”, and designed a self-selected personal finance package for Ms Zhang: 2000 current account retain, 100% of the remaining fund transferred to be one year termed deposit, which means once fund in the current account exceeds 2000 RMB, the exceeded part will be automatically transferred to be fixed-term deposit. For one year, Ms Zhang not only is free of trouble of going to the bank frequently, but also has nearly 100 yuan interest revenue.

Case Two：One morning, Ms Zhang called Li, the personal finance manager, urgently, saying that she was in badly need of withdrawing 50000 RMB, to pay for the house purchasing deposit of a hot real estate. But she only had 2000 RMB current cash on her CMBC card, while 80000 were in the personal finance account “Money-Proliferation Financing A”, which will bring great losses on interest if it is used. That afternoon, Ms Zhang’s company would give her 50000 yuan bonus. Ms Zhang expected a best solution from Li to minimize the loss. Li told Ms Zhang that CMBC’s personal finance account “Money-Proliferation Financing A” had a T+0 fund using service, which enables the use of fund in the whole account. If fund can be refilled into the account before the end of business hours that day, the system will not respond to it, thus having no interest losses. Ms Zhang was very pleased to hear that. With T+0, urgent problems can be addressed without any interest losses.

Case Three：Mr. Cao is VIP on the stock market. Given slump stock market, and reduced trading, his idle fund in the securities company’s guarantee account reached 1 million yuan. Mr. Cao was not satisfied with the securities company of only providing current account interest. If using termed account, which shall be at least lasting three months, Mr. Cao was worried about missing investment opportunity in that the stock market was likely to rebound recently. Personal finance manager Wang recommended him “Money-Proliferation Financing B” personal finance account. Mr. Cao applied for this service with the fund originally planned to buy stocks. Two month later, the stock market surged, and Mr. Cao bought a blue-chip with this fund, securing 10% bid-ask spread benefits. Mr. Cao was very grateful for Wang.

Through “Money-Proliferation Financing B” personal finance account, Mr. Cao secured interest 1 million× (1+1.62% × 0.8 × 7/360)8 × (1+0.72% × 0.8 × 4/360)-1million =2081.90 RMB，2.17 times of current account interest(after-tax), which not only guarantee the accessibility of fund but also enjoys relatively high benefits.

 Notes:

If you have foreign currency account, don’t forget to cancel “Money-Proliferation Financing B” service when you are to use fund in the account in foreign countries!