Chinese Companies Place $110 Billion into Financial Products
According to data from Wind Financial Information, listed companies in China parked $110 billion of cash into financial products, mainly in banks. The flow of company funds into wealth management products has increased by 40% on the previous year.
“According to data from Wind Financial Information, listed companies in China parked $110 billion of cash into financial products, mainly in banks.”
About half of the products bought had a maturity from one to three months. This was a sign that companies in China had declined to expand their company in a risky environment and preferred short duration investments.
Related Reports: Financial Times
About Wind Information Co. Ltd
Wind Information Co., Ltd (Wind Info), headquartered in the Lujiazui Financial Center in Shanghai, is a leading integrated service provider of financial data, information, and software.
Wind Info serves more than 90% of the financial enterprises in the Chinese market, including securities firms, fund management firms, insurance companies, banks, and investment firms. Overseas, Wind Info serves 75% of the Qualified Foreign Institutional Investors (QFII). Additionally, most renowned financial research institutions and regulatory committees are on Wind Info’s client list. the company’s data are frequently quoted by Chinese and English media, in research reports, and in academic theses.
Visit: Wind Information Co. Ltd
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