Cash-rich Chinese corporations are running out of places to invest.
As economic growth cooled and investment opportunities ebbed in China last year, listed companies moved a record $110bn of idle cash into financial products, mainly at banks, according to data from Wind Financial Information.
The flood of company funds into wealth management products — up some 40 per cent on previous year — was a sign that many groups in the country shunned risky corporate expansion amid the economic slowdown, instead preferring short-duration investments.
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