Common use of Deposit Services Clause in Contracts

Deposit Services. CCCC Finance will provide deposit services to CCCG Group. The deposit interest rates shall be determined through negotiation on an arm’s length basis between the parties in accordance with market principles for their own interests and in compliance with interest rate requirements of the PBOC on such type of deposits. The cap and floor deposit rates shall be in accordance with requirements of the PBOC on deposits of the same term and same category and shall not be higher than the interest rates applicable to deposit services of the same term and same category provided by major domestic commercial banks.

Deposit Services. CCCC Finance will provide deposit services to CCCG Groupand its subsidiaries. The deposit interest rates shall be determined through negotiation on an arm’s length basis between the parties in accordance with market principles for their own interests and in compliance with interest rate requirements of the PBOC on such type of deposits. The cap and floor deposit rates shall be in accordance with requirements of the PBOC on deposits of the same term and same category and shall not be higher than the interest rates applicable to deposit services of the same term and same category provided by major domestic commercial banks.