China Feihe Diversifies with Wealth Management Product

China Feihe Limited (HK:6186) has released an update.

China Feihe Limited, a producer of dairy products and nutritional supplements, has invested RMB 500 million in a non-principal guaranteed wealth management product from CITIC Bank, aiming to achieve a 2.95% expected annual return by July 2025. This strategic move is to enhance capital gains while ensuring capital safety and liquidity for the company’s operations and dividend payments. The investment is part of China Feihe’s larger portfolio with CITIC Bank, totaling RMB 2.9 billion in similar financial products.

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