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Minsheng sells expressway trust financial products


http://finance.sina.com.cn 05:48, May 16, 2006 China Securities Journal

The reporter learned from the Beijing Management Department of Minsheng Bank that from May 16 to May 24, Minsheng Bank launched an innovative asset management series of financial products. It is reported that Minsheng Bank will sell two RMB financial products this time. The expected annual income of T1 plan starting from 50000 yuan can reach 2.76%, and the expected annual income of T2 plan starting from 200000 yuan can reach 2.88%. The financing fund will be issued to Jilin Provincial Department of Communications in the form of trust loan, and the loan will be used for the expressway project of Jilin Provincial Department of Communications. The newly created wealth management products of Minsheng Bank have broken through the shackles that customers need higher funds to enter the market for self investment trust products in the past. The starting point is only 50000 yuan, which facilitates the investment of small and medium-sized investors. It is understood that the borrower Jilin Provincial Department of Communications, China Development Bank's credit
Rated as AA+; At the same time, the rights and interests of provincial expressway tolls are pledged, and the National Development Bank will guarantee its subsequent loans.


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