Savings bonds electronic sales channels are as follows

It is a non-negotiable RMB national debt that is sold to individual investors through members of the savings bonds underwriting syndicate and records the creditor's rights by electronic bookkeeping.

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1. Product features 1, high credit rating and good safety. Savings bonds (Electronic) is a national bond issued by the Ministry of Finance on behalf of the Central People's Government, which is guaranteed by national credit. 2. Savings bonds (electronic) pay interest every year. Upon maturity, the Ministry of Finance will transfer the principal and the last interest to the individual investor's fund settlement account through the members of the underwriting syndicate. 3. The income is stable and the interest is tax-free. Savings bonds (Electronic) is issued with a fixed term and a fixed interest rate. 4. After the savings bonds (electronic) issuance period ends, individual investors can realize the early redemption of savings bonds (electronic) through early redemption or mortgage loan. 5, easy to buy. Savings bonds (electronic) can be purchased through the counters of our business outlets and online banking channels. 6. savings bonds (electronic) can issue certificates of deposit.

Second, the issue target is for sale to individual investors. With regard to bond custody account and fund settlement account, before purchasing savings bonds (electronic), individual investors need to open a bond custody account through the counter of our business outlets or online banking channels, and designate my RMB personal settlement account opened in our bank as the fund settlement account.

When opening an account, individual investors shall abide by the real-name registration system Provisions on Individual Deposit Accounts (Order No.285 of the State Council of the People's Republic of China) and other relevant requirements of real-name registration system. Only one bond custody account can be opened in our bank for each valid identity document. Individual investors who have opened book-entry treasury bond custody accounts only need to add savings bonds (electronic) function.

3. savings bonds (including voucher type and electronic type) is a non-negotiable registered national debt issued by the government (Ministry of Finance) to individual investors in order to absorb personal savings funds and meet long-term savings investment needs. Electronic savings bonds is a savings bonds variety that records creditor's rights electronically. Compared with voucher savings bonds, electronic savings bonds has more varieties, more convenient purchase and more flexible interest rate. Because of its non-tradeability, it is decided that there will be no capital gains at any time. This is the same as the existing certificate-based government bonds, mainly to encourage investors to hold them at maturity.