Hisense Kelon Electrical (00921) said it agreed to subscribe for the 75-day RMB wealth management product of the Agricultural Bank of China in the subscription amount of Rmb200 million.
Expected return on annualised basis is 3.6% after payment of the fees. The wealth management product mainly invests in domestic and foreign money market instruments with fixed risks and income, including state treasury bonds, financial bonds, central bank bills, money market instruments, credit bonds with higher credit rating, debt financing instruments under private placement, inter-bank funding business with
low risks and swap transaction, as well as investment instruments with fixed income issued by commercial banks or other qualified institutions, non-standard debts, trust plans and other types of investment products that comply with regulatory requirements.
26/09/2016 16:57
Hisense Kelon to subscribe wealth management product of ABC
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