Open-ended Fund Manual

1¡¢Individual Investor Process

£¨1£©Open a savings card account: The individual investor should obtain a 19-digit CCB Long savings card before requesting open-ended fund services.

£¨2£©Open a securities card account: Please bring your valid identification and savings card to a CCB outlet that offers open-ended fund services by client authorization (see announcement at your local CCB branch).  Apply for a Long securities card and establish a connection between your savings card account and securities account.

£¨3£©Open a fund account: When you apply for a securities card, you may indicate on the application form your intent to open a fund account; you may also apply for a fund account at a CCB outlet by presenting your valid identification and securities card after receiving your card.  Two days after you apply for a fund account, you may go to CCB outlet for a confirmation.

£¨4£©Account transfer: Please transfer sufficient funds from your savings card account to your securities account before purchasing shares in funds.  You may complete the transfer at a CCB outlet.  You may also use automatic transfer, and the system will perform the transfer for you automatically when you make your purchases.

£¨5£©Services by authorization: Please bring your valid identification and securities card to a CCB outlet to authorize CCB to purchase or redeem shares on your behalf.  After you complete the authorization process, the teller will print out an authorization confirmation for you.

£¨6£©Transaction confirmation: You may bring the authorization confirmation and your securities card to CCB outlet to confirm the transaction and obtain a ¡°Securities Settlement and Delivery Form¡± within the specified timeframe.

£¨7£©Inquiry: You may bring your securities card to a CCB outlet to inquire into your account and authorization status.

2¡¢Institutional Investor Process

£¨1£©Open an institutional demand deposit account: The institutional investor needs to open a demand deposit account with CCB before requesting open-ended fund services.

£¨2£©Please authorize a person for your securities business. The authorized person must present the seal for your institutional demand deposit account with CCB as well as a card stamped with the seal, the original copy and photocopies of your operations permit (or the legal representative certificate for a non-profit), your securities business authorization certificate, as well as the original copy and photocopies of the authorized person¡¯s valid identification and seal (if the institution that intends to open an account is a branch of an organization, it must provide a written statement from the organization¡¯s legal representative authorizing the opening of an account).  The authorized person may apply for a securities card account at CCB counter when the institutional demand deposit account is opened, and establish a connection between the institutional demand deposit account and the securities account.

£¨3£©Open a fund account: When you apply for a securities card, you may indicate on the application you intent to open a fund account; you may also apply for such an account after receiving a securities card.   In the latter case, the authorized person of your institution must bring to a CCB counter the securities card, the original copy and photocopies of your operations permit (or the legal representative certificate for a non-profit, or an account opening permit for a military/armed police unit and its photocopies), the original copy and photocopies of the authorized person¡¯s valid identification (if your institution is a branch of another organization, a written statement from the legal person of that organization must be provided), and the authorized person¡¯s seal.  Two days after applying, the authorized person may confirm the transaction at CCB outlet.

£¨4£©Account transfer: Please transfer funds from your institutional demand deposit account to your securities account before purchasing securities.  You may have your institution¡¯s authorized person complete the transfer of funds at a CCB counter; or use automatic transfer so that the system will transfer funds automatically upon your purchase.

£¨5£©Services by Authorization: You may ask CCB to buy or redeem shares for you by having your institution¡¯s authorized person present his or her valid identification and your securities card at a CCB outlet.  Upon the completion of your authorization, the teller will print out an authorization confirmation for your authorized person.

£¨6£©Transaction Confirmation: Your authorized person may confirm the transaction at a CCB counter by presenting the authorization form and the securities card, and obtain a printout of the ¡°Securities Settlement & Delivery Form¡± within the specified time.

£¨7£©Inquiry: Your authorized person may bring the securities card to a CCB outlet to inquire into account and authorization status. 

The above information provides a brief overview.  For detailed information, please refer to CCB Securities System Client Manual, and consult a CCB teller or counselor.

CCB customer service number is 95533.  You may also call your local CCB branch for information.