Whats about the development of the Banks wealth management service?
In 2008, facing the change of the wealth management market and clients needs, the Bank gave full play to the financial platform of CITIC Group, and cooperated with other financial subsidiaries, such as CITIC Securities Co., Ltd. (CITIC Securities), CITIC Fund Management Co., Ltd and CITIC Trust Co., Ltd. (CITIC Trust) to successively launch innovative wealth management products. In the same year, the Bank totally sold 857 home-currency and foreign-currency wealth management products, achieving RMB 147.92 billion as sales amount, up by 42.52%; net non-interest income from wealth management products reached RMB 328 million, accounting for 25.37% of the net non-interest income from retail business. The banks actively-managed RMB wealth management products such as Steady Wealth Plan, Steady Wealth Management Plan, etc., wealth management plan for capital market allocation, credit asset securitization product, wealth management plan for real estate equity trust, and other products are all f
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