Your location: Home > Home Page > Foot > footlocaltion > CMBC News > Brand Activities

CMBC News

“Minsheng Extraordinary Cup 2012” Precious Metals Firm Bargain Contest

I. Organizer

China Minsheng Banking Corp., Ltd. (hereafter referred to as “CMBC” or “the bank”)

II. Objectives

1. To provide investors with a convenient, fast trading platform and promote the rapid development of the precious metals market; 2. To help investors get familiar with the precious metal deferred trading rules of the Shanghai Gold Exchange, and understand determinants of precious metals prices and market conditions.

III. Varieties of precious metals in the contest

Shanghai Gold Exchange: Au (T+D), Ag (T+D), Au99.95, Au99.99, Au100g

IV. Eligibility

1. All individual customers that open an account at CMBC can participate in the contest through online banking transaction terminals of the bank.

2. Customers already opened precious metals deferred transactions or newly opened precious metals deferred transactions during the contest are qualified to participate in the contest.

3. Customers that have opened an account at the bank but are not ready to participate in the contest want to call our 24-hour customer service hotline 95568 and submit relevant authentication information so that the bank can exempt customer eligibility for the contest.

V. Schedule Duration:

from the opening of Shanghai Gold Exchange November 26, 2012 to the closing of it January 18, 2013. The contest will last 8 weeks and winners will be determined at the end of each week.

Week 1: from the opening of Shanghai Gold Exchange November 26, 2012 to November 30, 2012 when it is closed;

Week 2: from the opening of Shanghai Gold Exchange December 3, 2012 to December 7, 2012 when it is closed;

Week 3: from the opening of Shanghai Gold Exchange December 10, 2012 to December 14, 2012 when it is closed;

Week 4: from the opening of Shanghai Gold Exchange December 17, 2012 to December 21, 2012 when it is closed;

Week 5: from the opening of Shanghai Gold Exchange December 24, 2012 to December 28, 2012 when it is closed; Week 6: from the opening of Shanghai Gold Exchange December 31, 2012 to January 4, 2013 when it is closed;

Week 7: from the opening of Shanghai Gold Exchange January 7, 2012 to January 11, 2013 when it is closed;

Week 8: from the opening of Shanghai Gold Exchange January 14, 2012 to January 18, 2013 when it is closed;

Note: The time of customer transactions is subject to the system time of Hong Kong Exchange and the time of the bank’s announcement will prevail in case of adjustment of transaction time.

VI. About the awards

Trading Volume Award for the Week, Return Rate Award for the Week and Individual Championship Award are set up in accordance with the trading volume (transaction amount), and the yield.

 

The selection process is as follows:

(I) Trading Volume Award for the Week

Selection rules: Investors with total transaction amount of the five precious metal varieties in the current period reached 1million can participate in the selection, and the top ten will receive Trading Volume Award for the Week. The transaction amount will not be cumulative to the next trading week. In case of same transaction amount, customer with higher number of transactions in the current period will win. In case of the same transaction amount and number of transactions, customer that  opens the account earlier at the bank will win. Awards: First award:

 

1 winner, Transaction Champion; prize:

 

iPhone4s 16GB Second award: 1 winner, Transaction Runner-up; prize: iPad 16GB WLAN Third award: 1 winner, Transaction Second Runner-up;prize: SAMSUNG EX2F compact system camera Fourth award: 2 winners, Transaction Expert; prize: iPod classic 160GB Fifth award: 5 winners, Transaction Expert; prize:iPod shuffle 2GB

(II) Return Rate Award for the Week

Selection rules: Investors with total transaction amount of the five precious metal varieties in the current period reached 50,000 million and more can participate in the selection, and the top ten will receive Return Rate Award for the Week. The return rate will not be cumulative to the next trading week. In case of same return rate, customer with higher transaction amount in the current period will win. In case of the same return rate and transaction amount, customer that opens the account earlier at the bank will win. Award:  First award: 1 winner, Transaction Champion; prize: iPhone4s 16GB Second award:1 winner, Transaction Runner-up; prize: iPad 16GB WLAN Third award: 1 winner, Transaction Second Runner-up; prize: SAMSUNG EX2F compact system camera Fourth award: 2 winners, Transaction Expert; prize: iPod classic 160GB Fifth award: 5 winners,Transaction Expert; prize: iPod shuffle 2GB  

(III) Individual Championship Award

Selection rules: Investors with total transaction amount of the five precious metal varieties during the event reached 1 million and more can participate in the selection, and the No. 1 will receive “Minsheng Extraordinary Cup” Individual Champion Award, and enjoy VIP service of Private Banking Department and be invited to Antarctic Double Tour. In case of same transaction amount, customer with higher number of transactions in the current period will win. In case of the same transaction amount and number of transactions, customer that opens the account earlier at the bank will win. The award is as follows:Individual Championship Award (1 winner): VIP service of Private Banking Department and Antarctic Double Tour.

(IV) Timing arrangement and description

1. The event lasts 8 weeks and Trading Volume Award for the Week and Return Rate Award will be determined at the end of each transaction week. One customer can win one award at most in a transaction week. The award is subject to the highest prize value.

2. Statistics of the trading contest is subject to the system data of the bank, and the transaction time is subject to the system time of the bank.

3. Please log in the CMBC’s trading system of precious metals deferred transaction to query calculation rules of return rate. VII. Rankings and release of winners’ list CMBC will release winners’ list, trading volume and earnings during the event through its official website (www.cmbc.com.cn) and VIP online banking. The final winners’ list and scores will be announced through the above mentioned platform before February 8, 2013. Website of “Minsheng Extraordinary Cup 2012”

Precious Metals Firm

Bargain Contest:
http://www.cmbc.com.cn/2012/guanggao/20121120/index.html

VIII. Ways to get the prize

1. The contest organizer will contact the winners and determine specific time and location for them to get the prize.

Customer contact is subject to debit card information when signing the precious metal deferred transactions.

2. The prizes of the contest contain related taxes, such as personal income tax.

3. The contest organizer shall not be held liable for failure to contact the winners due to investors’own reasons. Winners will be deemed a waiver if they don’t accept the awards within two months upon the end of the trading contest, and the organizer will have the right to the disposal of the prizes.

IX. Trading rules

Please refer to relevant trading rules of CMBC on individual precious metals trading proxy.

X. Customer Service Hotline of the contest

CMBC 24-hour customer service hotline 95568

XI. Warning of risks The contest 

involves true account transactions, and transaction risks shall be borne by the investors themselves. Participants should be fully aware that the gold and silver markets are often in volatility due to economic, political, and unexpected events.

Investors should carefully assess investment risks and bear all the consequences and responsibilities of their own investment behavior.     

Do refer to “China Minsheng Banking Corporate Limited Shanghai Gold Exchange Personal Precious Metals Trading Rules (2012)”

XII. Exception clause

(I) Diligent and conscientious, the contest organizer will try to ensure the smooth progress of the contest, but will not assume any responsibility for risks caused by force majeure or other unforeseen circumstances beyond the control of the organizer (including, but not limited to, communication line failure, system failure).  

(II) Cases cited in the program is used as a reference only, and have nothing to do with the actual names of individuals.

XIII. Other matters  

(I) CMBC undertakes to form rules of the contest, and as the contest organizer, has the power of final interpretation of contest rules. Matters not mentioned herein are subject to the explanation of the contest organizer.

(II) All contestants should abide by “China Minsheng Banking Corporate Limited Shanghai Gold Exchange Personal Precious Metals Trading Rules (2012)” and its updated version.  

(III) CMBC is entitled to query and statistics of the account information, including but not limited to trading volume, revenue, and other information of all contestants during the competition, and promises to maintain the confidentiality of all customer information.

(IV) This article does not constitute an offer of the banks’ proxy of customer precious metal deferred transaction. The arrangement of the banks’ proxy of customer precious metal deferred transaction is subject to provisions of “Agreement of China Minsheng Banking Corporate Limited as Proxy for Shanghai Gold Exchange Individual Precious Metals Deferred Trading Business”. Please read the relevant agreement carefully to fully understand all types of risks in precious metal deferred transactions.


© Copyright CHINA MINSHENG BANK