Introduction of 8% Guaranteed income management plan for Internet users

October 23 Noon News, in response to Baidu and Huaxia Fund for the launch of the Internet users of the hundred 8% Guaranteed income management plan, the Chinese Securities Regulatory Commission through the official micro-blog response said that Baidu's financial plan does not meet the requirements of the relevant laws and regulations, the next step will be to verify the business compliance.

Baidu announced yesterday that "Baidu Financial center-financial" platform will be formally launched on October 28, will also launch the target of 8% of the financial plan "Hundred" (8.baidu.com).

China Securities Regulatory Commission, said the official micro-blog, the Fund Law stipulates that the public disclosure of information only must not have the forecast investment performance, the violation promise proceeds or undertakes the Sun Huo and so on news; "Securities Investment fund Sales management measures" stipulates that the fund sales organizations shall not take lottery, kickbacks or send in-kind, insurance, fund share and other means of sales funds. Internet fund sales business should also comply with the relevant provisions.

The Securities and Futures Commission said that the goal of annual profit rate of 8% is not in line with the requirements of the relevant laws and regulations. The next step will be based on the written materials submitted by Baidu and related agencies to verify the compliance of the business.

Baidu Financial Center in charge today clarified that there is no guarantee "hundred" product yield can be achieved 8%, also did not promise to protect the proceeds. Because all investment financial products are not guaranteed to protect the benefits of a said, not in line with financial regulation.

"Hundred is a plan, not a product, is a combination of the form of financial planning." "The director said that the Chinese fund was only part of the plan, followed by more products to join, and the details of the hundred plans will be announced on 28th details."