OREANDA-NEWS.  March 21, 2014. The new generation of wealth management tool boasting the following eye-catching advantages is coming: minimum purchase of RMB 0.01, no limit for subscription on the same day, the highest redeeming amount of RMB 30 million the same day in the industry now, and instantaneous arrival of refunded money.

On February 27, the reporter learnt from Industrial Bank (IB) Headquarters that, after the brand-new upgrade of its wealth management portal of “bank-bank platform”, and launch of the internet finance platform – “Money Manager”, the Bank continues its efforts in the field of internet finance, and launches the new generation of wealth management tool for balance – “Manager’s Wallet”, in collaboration with AEGON-INDUSTRIAL Fund Management Co., Ltd., in the near future.

It is said that, besides the characteristics similar to those of other wealth management tools for balance including “7×24 accessibility” and “T+0 redeeming and arriving”, “Manager’s Wallet” also boasts other unique innovative features such as “minimum purchase of RMB 0.01”, “no limit for subscription on the same day”, “the highest redeeming amount of RMB 30 million the same day in the industry now”, and “instantaneous arrival of refunded money”. Meanwhile, depending on a vast number of cooperative banks of the bank-bank platform and third-party payment companies connected by the “Money Manager”, Manager’s Wallet also supports the purchase with nearly 100 banks’ cards, thus boasting a greater coverage. It is a wealth management product for balance with the backdrop of bank credit.

As introduced by the Institutional Banking Department of IB, the internet wealth management brand – “Money Manager” launched by the Bank in last December has won great popularity in the market. The number of customers has grown beyond 500,000 from the former more than 300,000 over more than one month after the launch of the product. The sales volume used to reach millions of RMB each day, but now it hits more than RMB 100 million an hour during the peak hours. Relying on the respective core advantages of the Bank in institutional capital business and AEGON-INDUSTRIAL Fund Management in assets management, “Manager’s Wallet” has inborn advantages in liquidity, operating convenience and trading security, and its performance in wealth management returns is also much worth of expectation.

At noted by the reporter, the fund products under AEGON-INDUSTRIAL Fund Management in collaboration with IB this time has an outstanding performance, and even have won the champion and runner-up among all market funds since this year.