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Is it to attract customers to continue buying that Minsheng Bank offers discounts on transaction fees for multiple funds, including a 90% discount for Liu Gesong?
On August 26th, China Minsheng Bank, on the same day that the "Guangfa Industry Select Three-Year Hold Mixed Securities Investment Fund" was open for redemption, released an announcement on its official website regarding transaction fee discounts for certain securities investment funds. According to industry experts interviewed, relying solely on measures such as transaction fee discounts may not be enough to attract mature investors to continue buying Guangfa Fund's related products based on current net value performance.
China Minsheng Bank Announces Board Update
Minsheng Bank Appoints New Vice Chairman
Minsheng Bank (01988.HK): Wang Xiaoyong has been approved to serve as director and vice chairman.
Minsheng Bank (01988.HK) announced on August 27th that it received the Approval of the China Banking and Insurance Regulatory Commission (CBIRC) for the appointment of Wang Xiaoyong as Director and Vice Chairman of the Bank (Approval No. [2024]549) on August 27, 2024. The CBIRC has approved Wang Xiaoyong's qualifications as a director and vice chairman of the Bank, and he will assume the position of executive director and vice chairman of the Bank from the date of approval, serving as a member of the Board of Directors Strategic Development and Consumer Rights Protection Committee and the Risk Management Committee of the Bank.
Express News | China Minsheng Banking - National Financial Regulatory Administration Approved Qualification of Wang Xiaoyong as Director and Vice Chairman
A new round of interest rate cuts for deposits is about to end its first month: small and medium-sized banks continue to follow suit, and some banks have made a second adjustment within the month. Is there still room for further cuts?
① In the context of market interest rate decline, banks are facing continuous pressure to narrow their net interest margin. Some banks have directly lowered deposit interest rates, while others have adjusted them in a phased manner. ② The phenomenon of inverted deposit interest rates is the result of the combined effects of macroeconomic conditions, bank operational strategies, policy guidance, and market expectations.
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