Risk Disclosure Associated with RMB Deposits, Investments and Products
人民幣存款、投資和産品的相關風險披露
The deposits, investment transactions or financial products you enter into or purchase may be linked to or denominated in RMB (collectively, the “RMB Investment Products”). If that is the case, please note that entering into or investing in the RMB Investments Products entails certain risks. The following are examples of such risks, which are in addition to other risk disclosure statements sent to you, and it should not be viewed as an exhaustive list.
RMB is not freely convertible at present. The government of the People’s Republic of China (“PRC”) continues to regulate conversion between RMB and foreign currencies, including the Hong Kong dollar and Singapore dollar, despite the significant reduction over the years by the PRC government of its control over routine foreign exchange transactions under current accounts. The People’s Bank of China (“PBOC”) has established a clearing and settlement system pursuant to the Settlement Agreement on the Clearing of RMB Business between PBOC and Bank of China (Hong Kong) Limited. However, the current size of RMB and RMB denominated financial assets in Hong Kong and Singapore is limited, and its growth is subject to many constraints which are corollary of PRC laws and regulations on foreign exchange.
RMB CURRENCY RISK
There can be no assurance that access to RMB funds for the purposes of making payments under the RMB Investment Products or generally may remain or will not become restricted.
EXCHANGE RATE RISK
The value of the RMB against the Hong Kong dollar, Singapore dollar and other foreign currencies fluctuates and is affected by changes in the PRC and international political and economic conditions and by many other factors. As a result, the value of RMB payments may vary with the prevailing exchange rates in the marketplace. If the value of the RMB depreciates against the Hong Kong dollar, Singapore dollar or other foreign currencies, the value of an investor’s investment in Hong Kong dollar, Singapore dollar or other applicable foreign currency terms will decline.
In addition, if the RMB Investment Products are not denominated in RMB or if the underlying(s) to which the RMB Investment Products are linked is not denominated in RMB, such RMB Investment Products may be subject to multiple currency conversion costs (including but not limited to multiple currency conversion costs involved in making investments and liquidating investments), as well as the RMB exchange rate fluctuations and bid/offer spreads when assets are sold to meet redemption requests and other capital requirements, where applicable. Such costs (if any) will be borne by the investors.
RISK RELATED TO THE UNDERLYING(S)
If the RMB Investment Products you purchase or enter into are linked to the underlying(s), the movements in the price of the underlying(s) may be subject to significant fluctuations that may not correlate with changes in interest rates, currencies or other indices and the timing of changes in the relevant price of the underlying(s) may affect the actual yield to investors, even if the average level is consistent with their expectations.
If the RMB Investment Products you purchase or enter into are denominated in RMB but the underlying(s) is denominated in another currency, investors may lose all or a substantial portion of their investment if (i) the value of the underlying(s) appreciates but RMB depreciates against the Hong Kong dollar, Singapore dollar or other foreign currencies; (ii) RMB appreciates against the Hong Kong dollar, Singapore dollar or other foreign currencies but the value of the underlying(s) depreciates; or (iii) both the underlying(s) and RMB depreciate.
If the RMB Investment Products you purchase or enter into do not have access to invest directly in the Mainland China, their available choice of underlying investments denominated in RMB outside Mainland China may be limited and such limitation may adversely affect the return and performance of such RMB Investment Products.
For RMB Investment Products with a signification portion of non-RMB denominated underlying investments, please note that there is a possibility of not receiving the full amount in RMB upon redemption. This may be the case if the issuer of such RMB Investment Product is not able to obtain sufficient amount of RMB in a timely manner due to the exchange controls and restrictions applicable to the currency.
INTEREST RATE RISK
If the RMB Investment Product you purchase or enter into which are, or may invest in, RMB debt instruments, please note that such instruments are susceptible to interest rate fluctuations, which may adversely affect the return and performance of such RMB Investment Product.
LIQUIDITY RISK
No representation is made as to the existence of a market for the RMB Investment Products.
The RMB Investment Products may be designed to be held until the maturity date of such RMB Investment Products. You should not make an investment in such RMB Investment Products if you do not intend to invest for its full term. You will not be able to realise the value of your investment if, for example, your view on the underlying(s) to which the RMB Investment Products relates changes after you have made your investment but before its expiry.
The RMB Investments Products may involve a long period of investment. Investors who seek to redeem their investment before the maturity date or during the lock-up period (if applicable) may incur a significant loss of principal where the proceeds may be substantially lower than the invested amount. Investors may incur early surrender/withdrawal fees and charges as well as loss of bonuses (where applicable) as a result of redemption before the maturity date or during the lockup period. In addition, the current size of RMB and RMB denominated financial assets is limited in Hong Kong and Singapore, which may adversely affect the liquidity of the RMB Investment Products. You must therefore realize that the inability to realize the value of your investment prior to its expiry is a significant risk.
The secondary prices (if any) for RMB Investment Products may be at a substantial discount from the principal amount even in the case where the price of the underlying(s) has appreciated since the issue date. The price of the RMB Investment Products including the price at which the bank, the issuer, its affiliate or any other person may be willing to repurchase may be affected by a number of factors including the changes in the price of the underlying(s) and numerous economic and market factors including the expected volatility of the underlying(s); the outstanding principal amount; the time to maturity of the RMB Investment Products; the dividend rate on the underlying(s); the interest and yield rates in the market; the credit spreads, the exchange rate and the volatility of the exchange rate; the economic, financial, political, regulatory or judicial events that affect the underlying(s) or stock markets generally and which may affect the underlying closing prices on any valuation date; and the creditworthiness of the bank or the issuer.
The issue price of a RMB Investment Product may not accurately reflect its market value at the issue date and the price, if any at which the issuer, its affiliate or any other person is willing to purchase the RMB Investment Products in the secondary market (if any), is likely to be lower than the issue price due to the inclusion of agents’ compensation, compensation of an affiliate of the agents, any fees and charges incurred by the issuer and expected profit from hedging in the original issue price. In addition, any such prices may differ from values determined by pricing models used by the agents, as a result of such compensation or other transaction costs. In addition, different market participants may have different pricing models leading to different results.
NON-GUARANTEED RETURNS
The returns of the RMB Investment Products may not be guaranteed. Where there are any statements of illustrative return which is not guaranteed or partly not guaranteed, investors should note that the return (or the part of the return, as the case may be) is not guaranteed and should take note of the assumptions on which the illustrations are based.
ADDITIONAL RISKS ASSOCIATED WITH LEVERAGED TRADING
If you use your leveraged trading facilities to purchase or enter into RMB Investment Products, please note that such leveraging heightens the investment risks by magnifying prospective losses. Please ensure you understand the terms and conditions of the borrowing arrangement, including but without limitation to the circumstances under which you will be required to place additional margin deposits (and which may be required at short notice) and that your collateral may be liquidated without your consent.
Moreover, please also be aware that market conditions may make it impossible to execute contingent orders, such as “stop-loss” orders. Moreover, you are also be reminded of your exposure to interest rate risk and for example, your cost of borrowing may increase due to interest rate movements.
COUNTERPARTY AND INSOLVENCY RISK
If you make an investment in RMB Investment Products, you are relying upon the creditworthiness of your counterparty or the issuer (as appropriate). As you are subject to the issuer and the counterparty credit risk and insolvency risk, you may lose your total investment even though the underlying of the RMB Investment Product is performing in the direction and/or magnitude you expect.
Therefore, please ensure that you are aware of the identity of your contractual counterparty, e.g. the issuer, the relevant guarantor (if applicable) or other parties involved in the RMB Investment Products as they may have different rights and obligations under the terms of the RMB Investment Products. You will be purchasing an unsecured obligation of such counterparty (as opposed to an obligation of a central clearing corporation as would be the case with exchange traded futures and options) and should evaluate the comparative credit risk of such counterparty before making an investment in the RMB Investment Products. A RMB Investment Product from the counterparty will not represent a deposit account and will not be insured by any government entity. Your counterparty will not accept any fiduciary obligations towards you, nor is it willing to undertake such obligations.
To the extent that the RMB Investment Products may invest in RMB debt instruments not supported by any collateral, you should note that such products are fully exposed to the credit risk of the relevant counterparties. Where a RMB Investment Product may invest in derivative instruments, counterparty risk may also arise as the default by the derivative issuers may adversely affect the performance of the RMB Investment Product and result in substantial loss.
CREDIT-RATINGS
The issuer’s and the counterparty’s long-term credit ratings do not necessarily reflect their credit worthiness and/or their ability of performing their obligations under the RMB Investment Products. Further, there is no assurance that its long-term credit ratings will remain unchanged for any given period of time or that a downgrading, a suspension or withdrawal of any such credit ratings will not occur in the future. An investor should not solely rely on the long-term credit ratings of the Issuer when evaluating its creditworthiness.
NOT A DEPOSIT
The RMB Investment Products which are investment transactions or financial products (e.g. dual currency structured deposit/investment and the equity linked notes denominated in RMB) are not deposits and are therefore not protected under any legislation applicable to deposits. In particular but without limiting the foregoing, they are neither protected by the Hong Kong Deposit Protection Scheme in Hong Kong nor the Deposit Insurance Scheme in Singapore.
NOT AN EXHAUSTIVE LIST
The risk considerations and disclaimers in relation to the investment of the RMB Investment Products as set out in this document are not intended to be exhaustive and may be supplemented by additional risk disclosures from time to time.
人民幣存款、投資和産品的相關風險披露
閣下訂立或買入存款、投資交易或金融産品可能與人民幣相關或以人民幣計價（合稱「人民幣投資産品」）。若此，請注意，訂立或投資於人民幣投資産品會帶來某些風險。此類風險的例子如下，是發給閣下的其他風險披露陳述之補充，且並不應被視為詳盡清單。
目前人民幣不可自由兌換。儘管中華人民共和國（「中國」）政府在過去多年大幅减少對經常賬戶常規外匯交易的管控，但當局持續監管人民幣與外幣的兌換，包括港元和新加坡元。中國人民銀行（「人行」）已經根據其與中國銀行（香港）有限公司的《關於人民幣業務的清算協議》建立一套結算和交收系統。然而，目前香港和新加坡的人民幣和人民幣計價金融資産規模有限，而且其增長面對中國法律和外匯規例的衆多限制。
人民幣風險
概不確保用以支付人民幣投資産品之人民幣資金存取，或其會被保留或不會受限制。
匯率風險
人民幣兌港元、新加坡元和其他外幣的價值波動，並受到中國和國際的政治和經濟環境變動以及其他多項因素影響。因此，人民幣付款的價值可能隨著市場的當前匯率而變動。如果人民幣兌港元、新加坡元或其他外國貨幣貶值，投資者以港元、新加坡元或其他適用貨幣計算的投資價值將會下跌。
另外，如果該等人民幣投資産品或其相關資産並非人民幣計價，該等人民幣投資産品可能面對多重貨幣兌換成本（包括但不限於進行和套現投資的多重貨幣兌換成本）、人民幣匯率波動，以及為滿足贖回要求和其他資本要求（如適用）而出售資産的買賣差價。有關成本（如有）將由投資者承擔。
與相關資産有關的風險
若閣下買入或訂立的人民幣投資産品與相關資産掛鉤，該等相關資産的價格走勢可能面對與利率、貨幣或其他指數變動不符的顯著波動，而即使平均收益率與預期相符，相關資産的價格變動時間可能影響投資者的實際收益率。
若閣下買入或訂立以人民幣計價的人民幣投資産品，而相關資産以其他貨幣計價，投資者可能在以下情況損失全部或顯著部分的投資：（i）相關資産的價值上升，但人民幣兌港元、新加坡元或其他外幣貶值；（ii）人民幣兌港元、新加坡元或其他外幣升值，但相關資産貶值；或（iii）相關資産和人民幣都貶值。
若閣下買入或訂立的人民幣投資産品並未有途徑直接投資中國內地市場，在中國內地以外可供其選擇的人民幣計價相關資産可能有限，有關局限可能對該等人民幣投資産品的回報和表現帶來不利影響。
至於非人民幣計價相關投資佔顯著比重的人民幣投資産品，請注意，贖回時可能無法以人民幣收取全部金額。有關情況可能是該等人民幣投資産品發行人因人民幣的外匯管制和限制，而無法及時取得足够的人民幣款項。
利率風險
若閣下買入或訂立的人民幣投資産品是/可能投資於人民幣債務工具，請注意，有關工具易受利率波動影響，並可能為該等人民幣投資産品的回報和表現帶來不利影響。
流動性風險
概不就人民幣投資産品的市場是否存在作出陳述。
人民幣投資産品可能是為持有至其到期日而設。若閣下不打算於該人民幣投資産品的整個投資期進行投資，則不應對其進行投資。例如，閣下進行投資後，但尚未期滿，若閣下對該人民幣投資産品有關的相關資產的觀點有變，閣下將無法實現投資價值。
人民幣投資産品可能涉及長年期投資。有意在到期日前或鎖定期（如適用）期間贖回投資的投資者可能招致嚴重本金虧損，所得資金可能大幅低於投資金額。投資者可能因在到期日前或鎖定期（如適用）期間贖回投資而招致提早解約／退出計劃費用和開支，以及紅利損失（如適用）。
此外，目前香港和新加坡市場的人民幣和人民幣計價金融資産規模有限，可能對人民幣投資産品的流動性帶來不利影響。因此，閣下須認識到，在閣下投資期滿前無法實現投資價值是一項重大風險。
即使相關資産價格自發行日以來升值，人民幣投資産品的二級市場價格（如有）可能較本金金額存在大幅折讓。人民幣投資産品的價格（包括銀行、發行人、其聯營公司或其他人士可能願意回購的價格）可能受到多項因素影響，包括：相關資産價格變動以及多項經濟和市場因素（例如相關資産的預期波幅）；未償還本金額；人民幣投資産品距離到期日的時間；相關資産的股息率；市場的利率和收益率；信貸利差、匯率和匯率波幅；可能影響相關資産和整體股市，以及相關資産於任何估值日收市價之經濟、金融、政治、監管或司法事件；以及銀行或發行人的償債能力。
人民幣投資産品的發行價可能未可準確反映其於發行日的市值，而基於計入原有發行價當中之代理報酬、代理聯營公司的報酬、發行人承受的任何費用和收費以及預期對沖利潤，發行人、其聯營公司或任何其他人士願意在二級市場買入人民幣投資産品的價格（如有）可能低於發行價。另外，由於有關酬金或其他交易成本，任何該等價格可能有別於代理定價模型所釐定的價格。與此同時，不同的市場參與者可能擁有不同的定價模型，因而帶來不同結果。
非保證回報
人民幣投資産品的回報可能不獲保證。凡有任何回報說明聲明，而該等聲明沒有保證或部分沒有保證，投資者應注意該回報（或部分回報，視情況而定）沒有保證，並應注意說明所依據的假設。
與槓桿交易相關的額外風險
如果閣下使用槓桿交易融資以買入或投資於人民幣投資産品，請注意有關槓桿將擴大潜在虧損並導致投資風險上升。請確保閣下了解借款協議的條件和細則，包括但不限於閣下將被要求存放額外保證金的情況（可能需要在接獲通知的短時間內），以及閣下的抵押品可能無須經閣下同意而被套現。
另外，亦請注意，市況可能會導致無法執行應急指示，例如「止蝕」指示。此外，請注意閣下面對的利率風險，例如利率變動可能導致閣下的借貸成本增加。
交易對手及無力償債風險
如果閣下投資於人民幣投資産品，閣下將依賴交易對手或發行人（如適用）的信用。由於閣下面對發行人和交易對手的信貸風險和無力償債風險，即使人民幣投資産品的相關資産表現與閣下預期的方向和/或幅度相符，閣下仍可能損失全部投資。
因此，請確保閣下知曉閣下合同的交易對手的身份，例如發行人、相關擔保人（如適用）或涉及人民幣投資産品的其他各方，因為他們在人民幣投資産品條款項下可能有不同的權利和義務。閣下將購買該交易對手的無擔保債務（與交易所交易期貨和期權的中央清算公司的債務相反），並應在投資人民幣投資産品之前評估該交易對手的相對信用風險。交易對手提供的人民幣投資産品並非一個存款賬戶，因此不受任何政府實體保障。閣下的交易對手不會向閣下承擔任何信託責任，亦無意承擔有關責任。
鑑於人民幣投資産品可能投資於沒有任何抵押品擔保的人民幣債務工具，閣下應注意有關産品全面承受相關交易對手的信貸風險。如果人民幣投資産品可以投資於衍生工具，也可能構成交易對手風險，原因是衍生工具發行人違約可能為人民幣投資産品的表現帶來不利影響而造成重大虧損。
信貸評級
發行人和交易對手的長期信貸評級不一定反映其償債能力和/或履行人民幣投資産品的責任的能力。另外，概不保證有關長期信貸評級將於任何特定期間維持不變，或該等評級不會於未來被下調、暫停或撤消。投資者在評估發行人的償債能力時，不應僅依賴發行人的長期信用評級。
並非存款
屬投資交易或金融産品的人民幣投資産品（比如以人民幣計價的雙貨幣結構性存款/投資及股票掛鉤票據）並非存款，因此不受任何適用於存款的法例保障。具體而言（但在不限於上述），人民幣投資産品並不受到香港存款保障計劃或新加坡Deposit Insurance Schemes 所保障。
相關風險不能盡列
本文件不能盡列與人民幣投資産品相關的風險考慮因素和免責聲明，而且可能由不時的額外風險披露所補充。
人民币存款、投资和产品的相关风险披露
阁下订立或买入存款、投资交易或金融产品可能与人民币相关或以人民币计价（合称“人民币投资产品”）。若此，请注意，订立或投资于人民币投资产品会带来某些风险。此类风险的例子如下，是发给阁下的其他风险披露陈述之补充，且并不应被视为详尽清单。
目前人民币不可自由兑换。尽管中华人民共和国（“中国”）政府在过去多年大幅减少对经常账户常规外汇交易的管控，但当局持续监管人民币与外币的兑换，包括港元和新加坡元。中国人民银行（“人行”）已经根据其与中国银行（香港）有限公司的《关于人民币业务的清算协议》建立一套结算和交收系统。然而，目前香港和新加坡的人民币和人民币计价金融资产规模有限，而且其增长面对中国法律和外汇规例的众多限制。
人民币风险
概不确保用以支付人民币投资产品之人民币资金存取，或其会被保留或不会受限制。
汇率风险
人民币兑港元、新加坡元和其他外币的价值波动，并受到中国和国际的政治和经济环境变动以及其他多项因素影响。因此，人民币付款的价值可能随着市场的当前汇率而变动。如果人民币兑港元、新加坡元或其他外国货币贬值，投资者以港元、新加坡元或其他适用货币计算的投资价值将会下跌。
另外，如果该等人民币投资产品或其相关资产并非人民币计价，该等人民币投资产品可能面对多重货币兑换成本（包括但不限于进行和套现投资的多重货币兑换成本）、人民币汇率波动，以及为满足赎回要求和其他资本要求（如适用）而出售资产的买卖差价。有关成本（如有）将由投资者承担。
与相关资产有关的风险
若阁下买入或订立的人民币投资产品与相关资产挂钩，该等相关资产的价格走势可能面对与利率、货币或其他指数变动不符的显着波动，而即使平均收益率与预期相符，相关资产的价格变动时间可能影响投资者的实际收益率。
若阁下买入或订立以人民币计价的人民币投资产品，而相关资产以其他货币计价，投资者可能在以下情况损失全部或显着部分的投资：（i）相关资产的价值上升，但人民币兑港元、新加坡元或其他外币贬值；（ii）人民币兑港元、新加坡元或其他外币升值，但相关资产贬值；或（iii）相关资产和人民币都贬值。
若阁下买入或订立的人民币投资产品并未有途径直接投资中国内地市场，在中国内地以外可供其选择的人民币计价相关资产可能有限，有关局限可能对该等人民币投资产品的回报和表现带来不利影响。
至于非人民币计价相关投资占显着比重的人民币投资产品，请注意，赎回时可能无法以人民币收取全部金额。有关情况可能是该等人民币投资产品发行人因人民币的外汇管制和限制，而无法及时取得足够的人民币款项。
利率风险
若阁下买入或订立的人民币投资产品是/可能投资于人民币债务工具，请注意，有关工具易受利率波动影响，并可能为该等人民币投资产品的回报和表现带来不利影响。
流动性风险
概不就人民币投资产品的市场是否存在作出陈述。
人民币投资产品可能是为持有至其到期日而设。若阁下不打算于该人民币投资产品的整个投资期进行投资，则不应对其进行投资。例如，阁下进行投资后，但尚未期满，若阁下对该人民币投资产品有关的相关资产的观点有变，阁下将无法实现投资价值。
人民币投资产品可能涉及长年期投资。有意在到期日前或锁定期（如适用）期间赎回投资的投资者可能招致严重本金亏损，所得资金可能大幅低于投资金额。投资者可能因在到期日前或锁定期（如适用）期间赎回投资而招致提早解约／退出计划费用和开支，以及红利损失（如适用）。
此外，目前香港和新加坡市场的人民币和人民币计价金融资产规模有限，可能对人民币投资产品的流动性带来不利影响。因此，阁下须认识到，在阁下投资期满前无法实现投资价值是一项重大风险。
即使相关资产价格自发行日以来升值，人民币投资产品的二级市场价格（如有）可能较本金金额存在大幅折让。人民币投资产品的价格（包括银行、发行人、其联营公司或其他人士可能愿意回购的价格）可能受到多项因素影响，包括：相关资产价格变动以及多项经济和市场因素（例如相关资产的预期波幅）；未偿还本金额；人民币投资产品距离到期日的时间；相关资产的股息率；市场的利率和收益率；信贷利差、汇率和汇率波幅；可能影响相关资产和整体股市，以及相关资产于任何估值日收市价之经济、金融、政治、监管或司法事件；以及银行或发行人的偿债能力。
人民币投资产品的发行价可能未可准确反映其于发行日的市值，而基于计入原有发行价当中之代理报酬、代理联营公司的报酬、发行人承受的任何费用和收费以及预期对冲利润，发行人、其联营公司或任何其他人士愿意在二级市场买入人民币投资产品的价格（如有）可能低于发行价。另外，由于有关酬金或其他交易成本，任何该等价格可能有别于代理定价模型所厘定的价格。与此同时，不同的市场参与者可能拥有不同的定价模型，因而带来不同结果。
非保证回报
人民币投资产品的回报可能不获保证。凡有任何回报说明声明，而该等声明没有保证或部分没有保证，投资者应注意该回报（或部分回报，视情况而定）没有保证，并应注意说明所依据的假设。
与杠杆交易相关的额外风险
如果阁下使用杠杆交易融资以买入或投资于人民币投资产品，请注意有关杠杆将扩大潜在亏损并导致投资风险上升。请确保阁下了解借款协议的条件和细则，包括但不限于阁下将被要求存放额外保证金的情况（可能需要在接获通知的短时间内），以及阁下的抵押品可能无须经阁下同意而被套现。
另外，亦请注意，市况可能会导致无法执行应急指示，例如“止蚀”指示。此外，请注意阁下面对的利率风险，例如利率变动可能导致阁下的借贷成本增加。
交易对手及无力偿债风险
如果阁下投资于人民币投资产品，阁下将依赖交易对手或发行人（如适用）的信用。由于阁下面对发行人和交易对手的信贷风险和无力偿债风险，即使人民币投资产品的相关资产表现与阁下预期的方向和/或幅度相符，阁下仍可能损失全部投资。
因此，请确保阁下知晓阁下合同的交易对手的身份，例如发行人、相关担保人（如适用）或涉及人民币投资产品的其他各方，因为他们在人民币投资产品条款项下可能有不同的权利和义务。阁下将购买该交易对手的无担保债务（与交易所交易期货和期权的中央清算公司的债务相反），并应在投资人民币投资产品之前评估该交易对手的相对信用风险。交易对手提供的人民币投资产品并非一个存款账户，因此不受任何政府实体保障。阁下的交易对手不会向阁下承担任何信托责任，亦无意承担有关责任。
鉴于人民币投资产品可能投资于没有任何抵押品担保的人民币债务工具，阁下应注意有关产品全面承受相关交易对手的信贷风险。如果人民币投资产品可以投资于衍生工具，也可能构成交易对手风险，原因是衍生工具发行人违约可能为人民币投资产品的表现带来不利影响而造成重大亏损。
信贷评级
发行人和交易对手的长期信贷评级不一定反映其偿债能力和/或履行人民币投资产品的责任的能力。另外，概不保证有关长期信贷评级将于任何特定期间维持不变，或该等评级不会于未来被下调、暂停或撤消。投资者在评估发行人的偿债能力时，不应仅依赖发行人的长期信用评级。
并非存款
属投资交易或金融产品的人民币投资产品（比如以人民币计价的双货币结构性存款/投资及股票挂钩票据）并非存款，因此不受任何适用于存款的法例保障。具体而言（但在不限于上述），人民币投资产品并不受到香港存款保障计划或新加坡Deposit Insurance Schemes 所保障。
相关风险不能尽列
本文件不能尽列与人民币投资产品相关的风险考虑因素和免责声明，而且可能由不时的额外风险披露所补充。
Please note that Chinese versions are for reference only and the English version shall prevail.
請注意，中文版本僅供參考，概亦英文為準。