Pingtan Development allocates 800m yuan for financial investments

Zhongfu Straits Pingtan Development has approved using up to 800 million yuan in idle funds to purchase financial products from major banks and securities firms throughout 2025.

The total amount exceeds 10% of the company's net assets from its last audited fiscal year. Current investments with China Construction Bank, China Merchants Bank, and China CITIC Bank include structured deposits and wealth management products with expected annual yields ranging from 0.65% to 2.50%.

Notable investments include 50 million yuan with China Construction Bank yielding 0.65%-2.50% and 80 million yuan with China CITIC Bank at 1.00%-1.83% returns.