ICBC has recently introduced an innovative wealth management product linked with treasury futures for its corporate customers. As the first of its kind in China, this product further diversifies the investment and wealth management options of enterprises and public institutions.

It was the first time for a Chinese wealth management product to include treasury bond futures contract into investment scope. In terms of the investment strategy, ICBC flexibly arranges the ratios of investment into treasury bond futures and spots by channeling most of the funds into high-credit rating bonds and projects with stable return and controllable risks, and spending a small part of funds on treasury bond futures under the arbitrage strategy. Such portfolio investment is conducive to the mitigation of futures risks, reduction of fund cost and hedging of customers’ assets.

According to an ICBC official, the corporate customers having opened a corporate settlement account with ICBC can open their wealth management transaction account and bind it with their capital account at any ICBC outlet capable of providing corporate banking services. Afterwards, customers may conduct dealings at counters, or through internet, mobile and telephone banking channels of ICBC. This wealth management product is open for subscription and redemption at 9:00 through 17:00 on the first business day of each month.

Over recent years, ICBC has been accelerating the innovation of asset management business to enhance value-creating ability, preserve and increase the assets of customers and raise customers’ income from assets. Statistics show that ICBC generated a record-high return on wealth management and investment of more than RMB 68 billion for its customers in 2014, representing a year-on-year growth of almost 20%.