ZTE Corporation and its subsidiaries plan to use their own funds not exceeding 40 billion yuan for entrusted wealth management

2026-03-08 04:48:57

Abstract generation in progress

Beijing Business Daily (Reporter Wang Manlei) reported that on March 7, ZTE Corporation (000063) announced that the company and its subsidiaries plan to use their own funds for entrusted wealth management, with a limit of no more than 40 billion yuan.

ZTE stated that, while ensuring the needs of daily operating funds, using the company’s own funds to purchase wealth management products can improve capital utilization, increase investment returns, and generate more returns for the company and shareholders. The company will strictly control risks in accordance with relevant regulations, conduct comprehensive assessments and cautious screening of wealth management products, and select financial institutions such as banks, securities firms, and fund companies with overall controllable risks and liquidity compatibility.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.