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Postal Savings Bank of China Launches Its First Gold Pegged Financial Product
Postal Savings Bank of China Launches Its First Gold Pegged Financial Product2016-05-12

Postal Savings Bank of China launched on April 19 its first Gold pegged financial product named Junxiang Phase 1 of Postal Silver Fortune.

It invests all raised funds into assets with regular earnings, such as bonds, money market instrument and bank savings. Since risk is comparatively controllable, clients can receive steady bond market profits.

Income produced during Interest periods by part or all regular revenue assets will be invested into derivatives related to gold, so that investors could share benefits from derivative accretion.

(China Post)

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