Multiple Wealth Management Subsidiaries Launch T+0.25 Morning Settlement Products

Recently, China Post Wealth Management launched merchant-exclusive wealth management products featuring a T+0.25 morning settlement redemption service. Prior to this, ICBC Wealth Management, Guangfa Bank Wealth Management, Ping An Wealth Management, and other subsidiaries had already rolled out T+0.5 morning fast redemption features on select products, marking the start of an hour-level competition in early-day payment settlements for wealth management redemptions. The term T+0.25 means that when investors submit a redemption application on day T, funds can be credited before 8:00 AM on day T+1. (Securities Daily)