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What does the rising money in postal savings suggest about the transformation?
In order to adapt to changes in the market environment, the China Post Wealth Management RMB Wealth Management Product (product code: 0900099C93) issued by China Post Wealth Management Co., Ltd. will implement transformation, scheduled to start on September 24, 2022 , cash management products measured at amortized cost are transformed into net value products measured at fair value. The product type is still fixed income. The specific adjustment matters are read on 2022-09-19 by
China Post Financial Management Co., Ltd. Released by the responsible company: Announcement on the transformation of China Post Wealth Management’s RMB wealth management products.
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