First one! The net value of public offering products of bank financial rights and interests is less than 1 yuan, and there is no management fee.

The first one! FAP, May 26 (FAP)-recently, the Zhaozhuo value selected equity plan products (class public offering funds) issued by China Merchants Bank broke the conventional fixed charging model regardless of rise or fall, stipulating that when the cumulative net value of the product is less than 1.00 yuan (excluding), the collection of management fees will be suspended and will be resumed after returning to 1 yuan. According to public information, the minimum amount of initial investment of the product is 100 yuan, the minimum size of the offering is 2 million yuan, and the upper limit is 1.5 billion yuan. It is worth mentioning that this product has a closed period of 6 months after its establishment on May 30, during which you can only apply for purchase but not redeem it. (reporter Shen Shuhong)