BYD: Plans to use up to 60 billion yuan of idle funds for entrusted wealth management

NightAirdropper · 2026-03-30T12:42:37+00:00

BYD announces plans to use no more than 60 billion yuan of its idle funds to purchase low- to medium-risk financial products or bonds, with an authorization period of 12 months. This move aims to improve capital utilization efficiency and investment returns, which may be affected by market and other factors.

NightAirdropper

2026-03-30 12:42:37

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The Daily Economic News AI Express, on March 27, BYD announced that the company and its controlling subsidiaries plan to use idle funds of no more than 60 billion yuan from their own sources to purchase wealth management products or bond products with high safety, good liquidity, and low-to-medium risk from financial institutions such as banks, securities firms, fund companies, and insurance asset management companies. The authorization period will be within 12 months from the date the board of directors approves it, and the额度 can be used on a rolling basis. This matter has already been approved at the 22nd meeting of the eighth session of the board of directors and does not require submission to the shareholders’ meeting for consideration. The company emphasized that entrusted wealth management does not affect its main business and helps improve capital utilization efficiency and investment returns; however, due to factors such as policies and the market, returns are subject to uncertainty.

Daily Economic News

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