The Financial Products of CMBC is Leading

2007-6-25

According to the report of China Securities on Jun. 20, the study report on banks’ financial products prepared by Chinese Academy of Social Science (CASS) shows that among the market of banks’ financial products, the products of the joint-stock banks performs excellently, the products in foreign currency of foreign banks also enjoys an impressive start, but those of the state-controlled banks are relatively sluggish. It is safe to say that the financial products of the joint-stock banks are in the leading position.

From the study report of CASS, we can also see that the order will be Everbright, CMBC, Industrial Bank, Bank of Beijing, Pudong Development Bank and China CITIC Bank based on the number of the released products. It will change into CMBC, Everbright, China CITIC Bank, Industrial Bank and China Construction Bank based on the number of the released customized hooking products. In terms of the investment varieties like the interest rate, the credit and the stock of the financing products, CMBC and Everbright are the banks which have the most complete products, with the Industrial Bank in the second place. The state-owned banks are relatively sluggish. They lag behind in terms of market share and market performance.

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