GUANGZHOU (Fund China) – Today, the Everbright Bank announced the introduction of high-end customers of private funds, investment threshold as high as 1 million yuan and above. This is the first time in domestic banks, bank financing products hit the maximum threshold of records. Industry observers believe that the China Everbright Bank to snatch the obvious intention of high-end customers, but also the bank’s private banking business preview.

Reportedly, this private funds rely on a strong senior management team, direct investment on the domestic market show the best growth stock characteristics, actively capture high-listed companies brought about by the investment opportunities for long-term investors to achieve rapid asset value. In product design in accordance with the “two-twenty” international open-access model of private funds, the majority proceeds will be left to the right of investors in closed session for the wider product investors liquidity requirements, but also to add a humane assignment clause, investors can subscribe for shares at the net transfer of reference to other people.

Since 2006 of December 11, China’s banking sector has been fully opened up to foreign investments, for almost one year, China’s financial industry is undergoing a historic change. On the one hand, China’s rapid economic development, per capita GDP rapid growth, made the ranks of low-income countries, in the birth of the personal financial markets; On the other hand, mid-2007 strength of the Chinese capital market higher, the Shanghai Securities index by the end of last year 2717 points to 6000 points, stock investors and fund investor accounts, the number of repeated record highs, and also accelerated the personal financial markets mature.

In 2007, years, foreign-funded banks in China have opened local corporate banking, eyeing China’s capital banks coveted high-end customers really knife into a real gun snatch, and this year China’s capital bank deposits continued to decline in the relative ratio of yes, the savings deposits of foreign banks have risen steadily. China’s capital banks also positive response, and offer a series of high-end client-oriented private banks or financial VIP Center. In fact, because it is restricted by some policies, personnel, product research and development capabilities, and other restrictions in the Chinese capital of private banks or banks VIP financial center has not really different from public financial management to provide high-end products.

Private funds are another hot this year. Due to the small size of private placement products, investment flexibility, the pursuit of absolute returns, and other excellent characteristics, has long been a high-end professional investors and customers warm pursuit of the target, the future of the domestic market stock index futures and other financial innovations will enable private products play a greater advantage. Analysts pointed out that the China Everbright Bank’s private fund fought in the area of financial management is not only its product innovation in a big move, but also its private banking strategy development planning crucial step.

Copyright Fund China 2009.

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