Beijing Business Daily (Reporter Li Haiyuan) The Spring Festival holiday is approaching, and a number of ** managers announced that some of their ** plans to suspend the handling of (large) subscription and other businesses. According to the announcement information, from January 26th to February 5th, hundreds of ** will suspend some or all of the sales agencies and even direct sales agencies to handle (large) subscriptions, conversion and transfer-in, regular fixed investment and other businesses during the Spring Festival holiday, including many cargo bases, debt bases and interbank certificates of deposit**. On the whole, the relevant products were concentrated on February 7 and February 8 to suspend the relevant business, and from February 19 to automatically resume processing, but some ** managers made it clear that the direct sales channel to handle the relevant business will not be affected.
According to the previous market closure arrangements disclosed by the Shanghai and Shenzhen Stock Exchanges, the market will be closed from February 9 to 18, and the market will be open as usual from February 19. At the same time, from February 9th to 18th, the application for account opening, subscription, redemption, conversion and other ** trading business submitted by investors and the unconfirmed transaction application before the holiday will be postponed to February 19.
As the market closure time approaches, some cargo bases will also suspend the handling of (large-amount) subscription, conversion and transfer-in, regular and fixed investment and other businesses. According to public information, from January 26th to February 5th, the managers of 100 ** (shares are calculated together, the same below) announced that they intend to suspend the (large) subscription business during the Spring Festival holiday in 2024, including 47 cargo bases, 45 bond bases and 8 interbank certificates of deposit**.
On the whole, the content of the relevant announcements shows that the above-mentioned ** are concentrated in the suspension of relevant business on February 7 and February 8, and the relevant business will be automatically resumed from February 19. For example, from February 7 to 18, the money market** of Wells Fargo Wallet suspended the subscription, regular investment and transfer of Class A shares through the distribution agency, and automatically resumed the above business handling from February 19, while the relevant business handling of direct selling agencies will not be affected.
At the same time, some bond bases have also suspended the handling of (large-amount) subscription and other businesses. For example, ICBC Credit Suisse 14-day wealth management bond initiator has also suspended the subscription, conversion and transfer-in business of non-direct sales agencies from February 7 to 18, and resumed the subscription, conversion and transfer-in business from February 19, and at the same time restored the original restrictions, but the relevant business handled by direct sales institutions during the above period will not be affected, and the subscription amount limit will remain as usual, that is, no more than 10 million yuan.
In addition, as of February 5, the managers of 7 interbank certificates of deposit**, including the 7-day holding period of HSBC Jinxin CSI Interbank Certificate of Deposit AAA Index, the 7-day holding period of CSI Interbank Certificate of Deposit AAA Index, and the 7-day holding period of Ping An CSI Interbank Certificate of Deposit AAA Index, announced that they would suspend the subscription (including conversion and transfer-in and regular fixed investment) business of direct sales and distribution agencies on February 7, while the 7-day holding period of ICBC Credit Suisse CSI Interbank Certificate of Deposit AAA Index will suspend the relevant business of non-direct selling institutions at the same time. However, in terms of the time for the resumption of relevant business, the aforementioned 8 interbank certificates of deposit** were all dated February 19.
As for the reason for suspending the business handling of related products before the holiday, the above-mentioned announcements all stated that it was to protect the interests of ** share holders. It is understood that in order to prevent large amounts of funds from pouring into and apportioning the interests of the original share holders before the holiday, generally speaking, the manager will suspend the handling of business such as the purchase of goods and other products (large amounts) before the holiday.