Zhejiang Shibao Co. Ltd. Class H (HK:1057) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Zhejiang Shibao Co. Ltd. has announced its eighth subscription of CITIC Wealth Management Products, funded by idle company funds. The investment involves RMB35 million in principal-protected, closed-ended structured deposits with an expected annual return of 1.05% to 2.24%. This move is part of a broader strategy to utilize idle funds for safe, low-risk investments.
For further insights into HK:1057 stock, check out TipRanks’ Stock Analysis page.