Zhejiang Shibao’s Strategic Investment in Wealth Management

Zhejiang Shibao Co. Ltd. Class H (HK:1057) has released an update.

Zhejiang Shibao Co. Ltd. has invested in the 9th CITIC Wealth Management Product by using part of its idle funds for cash management purposes. This investment, made through China CITIC Bank, involves a principal-protected structured deposit with an expected annual return between 1.05% and 2.18%. This move is part of a series of investments that constitute a discloseable transaction under Hong Kong’s listing rules.

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