Jane Chen / Shanghai Daily news

Guangdong Development Bank has begun selling a yuan-targeted investment package in Shanghai, today's Shanghai Morning Post reported.
With no yield rate promised as ruled by the law, the bank suggests the interest rate would range from 2.25 percent to 3.25 percent, slightly higher than the country's one-year banking rate of 2.25 percent.
Each unit sale of the product will start from the industry-wide lowest of 1,000 yuan, a mere one-fifth of the lowest offer by the other six banks that have been approved to sell yuan investment products.
The six banks are China Everbright Bank, China Merchants Bank, China Minsheng Bank, Citic Industrial Bank, Huaxia Bank and Industrial Bank.