Pingtan Development invests RMB 800m in financial products

Zhongfu Straits Pingtan Development announced it will invest up to RMB 800 million in bank and securities firm financial products using idle funds throughout 2025.

The cumulative investment has surpassed 10% of the company's net assets from its most recent audited fiscal year. The investments include structured deposits and wealth management products with major Chinese banks including China Construction Bank, China Merchants Bank, and CITIC Bank.

Individual investments range from RMB 20 million to RMB 100 million per product.