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

K-LinePoet · 2026-03-28T14:33:55+00:00

BYD announces plans to use no more than 60 billion yuan of its idle funds to purchase low-risk, highly liquid financial products and bonds, with an authorization period of up to 12 months. This move aims to improve capital utilization efficiency and investment returns, but the yields are uncertain.

K-LinePoet

2026-03-28 14:33:55

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BYD announced that the company and its holding subsidiaries plan to use no more than 60 billion yuan of their idle funds to purchase low-risk financial products or bond products with high security and good liquidity from financial institutions such as banks, securities companies, fund companies, and insurance asset management companies. The authorization period is within 12 months from the date of approval by the board of directors, and the quota can be used on a rolling basis. This matter has been approved by the 22nd meeting of the 8th board of directors of the company and does not need to be submitted for shareholder meeting approval. The company emphasized that entrusted financial management does not affect the main business and helps to improve the efficiency of fund use and investment returns, but the returns are subject to uncertainty due to factors such as policies and market conditions.

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