China CITIC Bank announced on November 9 that it will launch a “pending order” function for savings accounts on November 16. Industry insiders told the reporter that the so-called “pending order” of savings accounts is a method of entrusting transactions at a limited price. The customer sets the purchase or redemption price of the savings fund in advance, and when the market price reaches the corresponding setting, the system automatically executes the transaction according to the transaction rules. Since this year, many banks, including the Bank of Nanjing and Industrial Bank, have launched a “pending order” function for savings accounts. Zeng Gang, director of the Tianfu Liyan Institute of Finance, explained that in the past, customers traded savings accounts either instantly at real-time prices or fixed investments on a fixed cycle. Meanwhile, the “pending order” function of the Accumulation Fund can help investors reduce tracking costs, so that investors can “buy on dips, stop profits on highs.” Zeng Gang suggested that there have been obvious fluctuations in gold prices recently. Investors are advised not to simply chase up the rise; they can set up “pending orders” at low levels in batches to avoid heavy positions at a single price; for investors who already have floating profits, they can set up take-profit and redeem “pending orders” above the current price to lock in profits; at the same time, investors should be aware that “pending orders” should not be valid for too long, and prices should be adjusted regularly according to market conditions.

China CITIC Bank announced on November 9 that it will launch a “pending order” function for savings accounts on November 16. Industry insiders told the reporter that the so-called “pending order” of savings accounts is a method of entrusting transactions at a limited price. The customer sets the purchase or redemption price of the savings fund in advance, and when the market price reaches the corresponding setting, the system automatically executes the transaction according to the transaction rules. Since this year, many banks, including the Bank of Nanjing and Industrial Bank, have launched a “pending order” function for savings accounts. Zeng Gang, director of the Tianfu Liyan Institute of Finance, explained that in the past, customers traded savings accounts either instantly at real-time prices or fixed investments on a fixed cycle. Meanwhile, the “pending order” function of the Accumulation Fund can help investors reduce the cost of tracking, so that investors can “buy on dips and stop profits on highs.” Zeng Gang suggested that there have been obvious fluctuations in gold prices recently. Investors are advised not to simply chase up the rise; they can set up “pending orders” at low levels in batches to avoid heavy positions at a single price; for investors who already have floating profits, they can set up take-profit and redeem “pending orders” above the current price to lock in profits; at the same time, investors should be aware that “pending orders” should not be valid for too long, and prices should be adjusted regularly according to market conditions.