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[bank of communications recently announced that it will adjust the daily maximum limit of quick redemption and payment transfer of its two "change package" products from october 19, reducing the total amount per day to less than 10,000 yuan.]

the "change portfolio", which was once popular because it met large redemptions and high liquidity needs, is now entering an era of "strong tightening".

since the beginning of this year, many banks have intensively adjusted their "change package" business. bank of communications recently announced that it will adjust the daily maximum limit of quick redemption and payment transfer of its two "change package" products from october 19, reducing the daily total amount to less than 10,000 yuan.

in addition to bank of communications, many banks including bank of china, china minsheng bank, china merchants bank, ping an bank and ningbo bank have also taken corresponding measures to adjust their "change combination" business, including stopping smart deposit or withdrawal services, reducing the limit on quick redemption, and adjusting the exposure entrance.

in the view of industry insiders, the tightening of the "change combination" business is due to compliance considerations. at the same time, the scale of combination product business is large, and once redemptions occur in a concentrated manner, it is easy to cause liquidity risks.

many banks tightened their “change combination” business

recently, bank of communications issued an announcement to update the customer service agreement for the current account profit and current account wealth. the main content is to update the maximum limit of quick redemption and payment transfer of the current account profit and current account wealth. from october 19, the daily cumulative quick transfer and self-initiated payment transfer transactions of the above products, such as transfer and remittance, card consumption, cash withdrawal, and online payment, will be adjusted to 10,000 yuan. the reporter noted that bank of communications had previously adjusted the above two products. in march this year, the above two products had suspended new customer services.