What is CITIC Premium Plus?

CITIC You Xiang+is a quality life service platform connecting high-quality enterprises inside and outside CITIC Group. Through this platform, users can experience a convenient and high-quality Internet life with a unified digital identity. Citic Premium Plus platform provides users with three core services, including unified account management, cross-platform loyalty program and intelligent scene service.

The function of CITIC You Xiang+platform is to connect users, accounts, points, rights and interests, and commodities with members CITIC Bank (including credit card center), Citic E-home and Guoan Community, and complete real-name authentication through the user systems of associated banks, Citic E-home and Guoan, and make banks and Citic E-home displayed in You Xiang+terminal through the real-name authentication interface provided by CITIC Bank and credit card center.

Interest refers to the reward that the currency holder (creditor) gets from the borrower (debtor) for lending money or monetary capital. Including deposit interest, loan interest and interest generated by various bonds. Under the capitalist system, the source of interest is the surplus value created by hired workers. The essence of interest is a special transformation form of surplus value and a part of profit.

Definition:

1. Money other than the principal of deposits and loans (different from "principal").

2. The abstract interest point refers to the value added when monetary funds are injected into the real economy and returned. Generally speaking, interest refers to the remuneration paid by the borrower (debtor) to the lender (creditor) for using the borrowed currency or capital. Also known as the symmetry of sub-fund and parent fund (principal). The calculation formula of interest is: interest = principal × interest rate × deposit period (i.e. time).

Interest is the reward that the fund owner gets for lending the fund, which comes from a part of the profits that the producer makes by using the fund to play its operational functions. Refers to the value-added amount brought by monetary funds injected into the real economy and returned. The calculation formula is: interest = principal × interest rate × deposit period × 100%.

3. Classification of bank interest

According to the different nature of banking business, it can be divided into bank interest receivable and bank interest payable. Some lenders are vague about interest rates, such as 7%. You don't know whether it means annual interest rate, monthly interest rate or interest rate. If it is the annual interest rate, then the annual interest rate of 7% is still acceptable; But if it refers to the daily interest rate, then the converted annual interest rate is 25.55%, which has exceeded the highest interest rate supported by national laws.