Zhongding invests 170m yuan in short-term deposits

Anhui Zhongding Sealing Parts Co committed 170 million yuan from idle raised funds into principal-protected floating-rate structured deposits with China Construction Bank.

The investments comprise 40 million yuan and 130 million yuan deposits with 25-day terms starting August 6, 2025, offering expected annualized yields of 0.4% or 2.19%.

The company is authorized to invest up to 250 million yuan of idle raised funds and 2.5 billion yuan of own funds in various wealth management products.