Zhong Guo Ji Jin Bao·2025-11-03 13:38Core Viewpoint - Multiple public fund companies have terminated their distribution cooperation with Jinzhou Bank, which will now be handled by the fund companies and Industrial and Commercial Bank of China (ICBC) following the acquisition of Jinzhou Bank by ICBC [2][5][6] Group 1: Termination of Cooperation - On November 3, E Fund announced the termination of all fund sales cooperation with Jinzhou Bank effective from November 17, 2025, including subscription, redemption, and conversion services [2] - ICBC announced the termination of its fund sales cooperation with Jinzhou Bank effective October 31, 2025, and will take over the sales of eight fund products previously sold by Jinzhou Bank starting November 10, 2025 [4] - Huatai-PineBridge Fund also released a notice regarding the termination of its cooperation with Jinzhou Bank, indicating that more companies are expected to follow suit [4] Group 2: Reasons for Termination - The reason for the termination of distribution cooperation by multiple public funds is that Jinzhou Bank will cease its fund distribution business [5] - Jinzhou Bank, established in 1997 and headquartered in Jinzhou, Liaoning Province, is being acquired by ICBC, which will take over its related assets, liabilities, and business operations [5][6] Group 3: Business Transition - Following the acquisition, ICBC will implement a migration of Jinzhou Bank's related business, including IT system preparations, expected to start 15 working days after the notification [7] - Jinzhou Bank has announced that it will stop processing all transactions related to the fund products listed in the "Fund Company Transfer Product List" and the "ICBC Transfer Product List," with normal processing for transactions initiated before the cessation date [7]