FilingReader Intelligence
Zhejiang Shibao invests 20m yuan in wealth management
July 17, 2025 at 10:21 AM UTC•By FilingReader AI
Zhejiang Shibao Company Limited subscribed to a CITIC Bank wealth management product using RMB20 million of idle funds on July 16, 2025.
The one-month principal-protected structured deposit offers expected annual returns of 1.00% to 1.76%. Combined with eight prior CITIC investments, the transaction triggers Hong Kong Listing Rules disclosure requirements as the percentage ratio exceeds 5%.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
HKEX:1057•Hong Kong Exchange
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