From: China Securities News
Compiler: http://www.fundcn.org

Yesterday, the China Securities Regulatory Commission formally approved the postal savings bank open-end fund sales qualification Postal Savings Bank will be on June 18 nationwide was officially launched Fund Distribution business.

Postal Savings Bank relevant parties, it had earlier in the 36 pilot cities have joined start-up operations of the Fund, The business scope of the liberalization of the Middle stronger opportunity for a business. Postal Savings Bank will gradually extend the scope of sales, the first to offer municipal areas, and then extended to the county level, Finally extended to the rural areas below the county. Furthermore, in order to reduce investment risk customers, the Postal Savings Bank will step up the promotion of business risk education. and the provinces convened branch who is in charge of business focus, such as risk prevention training.

Turning to business development direction, the source said, the Postal Savings Bank will continue to firmly grasp the rural market and small and medium-sized cities in the network edge, According to their own characteristics, the Fund launched marketable products, the short-term perspective might be a stock-fund sales mainly, However, in consideration of market risk, according to the market situation will change, adjustments capital preservation, bond and currency products marketing efforts. In addition, to address the needs of the rural market, Postal Savings Bank is also relevant agencies in the development of appropriate financial products.

At present, the Postal Savings Bank has sold more than 20 stocks and configuration-based fund, a bond fund and a money fund. Postal Savings Bank consignment to the National Fund, which pairs between rich businesses and enhance the competitiveness of a great significance, also to and below the county of investor-friendly investment channels.

Copyright Fund China 2009.

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