FilingReader Intelligence

Tongdao Liepin invests RMB240m in wealth management products

August 1, 2025 at 02:39 PM UTCBy FilingReader AI

Tongdao Liepin Group invested RMB240 million in wealth management products from XIB and Bank of Hangzhou over two days in late July and early August.

The company's subsidiaries subscribed to RMB140 million in XIB structured deposit products and RMB100 million in Bank of Hangzhou products. The investments were funded by surplus cash and redeemed principal amounts from previous investments.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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