China Telecom Introduces Money Market Fund Sales

The Beijing News, 5/08/14

China Telecom's (NYSE: CHA; 0728.HK) mobile and online payment brand BestPay has launched its first financial investment product, "Tianyi Bao," partnering with Minsheng Bank to release the money market fund, currently offering a 4%-7% annual yield. Premium-level verified users on the BestPay platform may apply for the Tianyi Bao service through the BestPay mobile app. Users may apply interest accrued from the product towards their mobile account balances, as well as receive free data from China Telecom for investing in Tianyi Bao.

China Telecom is the first among China's three major mobile carriers, namely China Mobile (NYSE: CHL; 0941.HK), China Unicom (NYSE: CHU; 0762.HK; 600050.SH), and China Telecom, to launch its own investment product.

Keywords: financial services mobile payment China Telecom Minsheng Bank wireless 0728.HK CHA BestPay

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily