Wealth Management Product definition

Wealth Management Product means any wealth management product distributed, sold or issued by any Group Company or any Baidu Party in connection with the Wealth Management Business prior to the Closing (for the avoidance of doubt, including any such product distributed, sold or issued prior to the Closing but which remains outstanding after the Closing). Such Wealth Management Products shall be considered as outstanding as of a particular date as long as their underlying assets are not fully paid off as of such date.
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Examples of Wealth Management Product in a sentence

  • The Directors (including the independent non-executive Directors) consider that the terms of the Wealth Management Product Agreement are on normal commercial terms, fair and reasonable and in the interests of the Group and the Shareholders as a whole.

  • For the avoidance of doubt, as to whether any product provided by the Bank is a Wealth Management Product as defined above, it is up to the interpretation of the Bank pursuant to applicable laws and regulations and set out in the terms and conditions relating to such product.

  • Unless otherwise expressly provided in the terms and conditions particularly applicable to the relevant Wealth Management Product, the Customer further agrees that the Bank shall be entitled to retain any interest or benefit generated on any payment(s) it receives to be made by/to the Customer and accrued during the period from its receipt of such payment(s) to its effect of the same when due.

  • In addition, for each Wealth Management Product, it is also subject to other applicable terms and conditions set out by the Bank from time to time.

  • The Bank will exercise caution when selecting the custodian, sub- custodian, investment manager, the issuer of the Overseas Product or any other person participating in the Wealth Management Product (each a “Participant of Wealth Management Product”) according to the applicable laws and regulations.

  • This Agreement shall take effect as from the date of execution, and shall remain effective until both the Bank and the Customer agree in writing to terminate and there is no outstanding Wealth Management Product and no Wealth Management Product that has been applied for at that time.

  • The Board hereby announces that on 14 December 2016, the Company and Bank of Communications entered into the Wealth Management Product Agreement, pursuant to which the Company should subscribe for the Wealth Management Product from Bank of Communications at RMB200,000,000 (equivalent to approximately HK$230,000,000).

  • The Board hereby announces that on 29 September 2017, the Company and Bank of Communications entered into the Wealth Management Product Agreement, pursuant to which the Company should subscribe for the Wealth Management Product from Bank of Communications in cash at RMB600,000,000 (equivalent to approximately HK$708,000,000).

  • The impact of risk factors on the expected return of the Wealth Management Product Agreements is low, but the Group could get a higher rate of return as compared with fix term deposit in commercial banks in the PRC.

  • On 8 January 2018, the Company and Bank of Communications entered into the Wealth Management Product Agreement, pursuant to which the Company should subscribe for the Wealth Management Product from Bank of Communications in cash at RMB400,000,000 (equivalent to approximately HK$480,000,000).