Recently, in the "Loving Care for the Future" activity co-sponsored by Bank of China Zhejiang Branch (the Branch) and the Hangzhou Charity Federation (HCF), Zhejiang Branch takes the lead to launch the "Loving Care Deposit" in the national financial system, a charity financial product based on one-year RMB lump-sum time deposit.
It is reported that in the early stage, the Branch has already donated RMB 500,000 to HCF as the special fund for this activity. Every customer making "Loving Care Deposit" at the outlets or wealth management centers under the Branch will get a unique "commemorative certificate of loving care deposit". Reusable bags will also be presented to customers with deposits of RMB 5,000 to RMB 50,000 and commemorative crystal towers to those with deposits exceeding RMB 50,000.
Managed by the Branch and HCF, all the loving care funds will be used for school reconstruction in Guangyuan, the target area assisted by Zhejiang province. The Branch and HCF will follow up the school construction and supervise detailed utilization of the funds.
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