On February 11, Citic Securities Company Limited(600030) announced that the company signed a deposit business agreement with Hua Xia Bank Co.Limited(600015) and purchased three fixed-term deposits, totaling 8 billion yuan.
This is the follow-up to the “cash management” announced by Citic Securities Company Limited(600030) on February 8. The reporter of the daily economic news found that the three deposits are breakeven income, and the company is expected to make 36.0667 million yuan.
The annual interest rate of the three certificates of deposit was 2.28%
Specifically, Citic Securities Company Limited(600030) divided the deposit of 8 billion yuan into three
Image Source: Citic Securities Company Limited(600030) announcement
The first 2 billion yuan is from February 10 to April 12, with interest accrued for 61 days. The second 3 billion yuan, with a term from February 10 to April 13 and an interest bearing period of 62 days. The third amount is 3 billion yuan, with a term from February 10 to May 11. The average one-time interest settlement rate is 28.2% for three-year deposits.
Citic Securities Company Limited(600030) pointed out that the three deposits are expected to obtain a total interest income of 36.0667 million yuan. In addition, the company emphasizes that the use of some idle raised funds for cash management is implemented on the premise of ensuring that it does not affect the investment plan of raised funds, will not affect the normal turnover needs of the company’s project construction of raised funds, and there is no behavior of changing the purpose of raised funds. At the same time, timely cash management of the temporarily idle raised funds can improve the use efficiency of funds, increase the cash investment efficiency of the company and seek more investment returns for the shareholders of the company.
The 2.28% time deposit certificate interest rate is significantly higher than that for ordinary depositors
This is a continuation of the announcement on February 8. On the same day Citic Securities Company Limited(600030) it was announced that the board of directors and the board of supervisors considered and approved the proposal on cash management using the temporarily idle A-share raised funds on February 8, 2022, and agreed that the company would use the temporarily idle A-share allotment raised funds of no more than 8 billion yuan (including 8 billion yuan) to carry out cash management, Within one year from the date of deliberation and approval by the board of directors, the amount of funds can be recycled and rolled.
On January 26, Citic Securities Company Limited(600030) announced that the A-share allotment finally obtained the allotment of 1.552 billion shares, raising 22.396 billion yuan, accounting for 97.17% of the placeable shares. The investment projects of the raised funds and the use plan of the raised funds after deducting the issuance expenses are as follows: develop the capital intermediary business of about 13.318 billion yuan, increase the investment in subsidiaries by 5 billion yuan, strengthen the construction of information system by 3 billion yuan, and supplement other working capital by 1 billion yuan.
Among them, RMB 5 billion is proposed to be used to increase the investment in subsidiaries. Due to the prior approval procedures of regulators for the establishment and capital increase of subsidiaries, some funds must be used after obtaining regulatory approval, and the rest must be invested after completing the relevant approval process according to the business capital needs of subsidiaries. It is expected that some funds will be idle for a certain period; The RMB 3 billion to be used to strengthen the construction of information system shall be used in batches according to the construction progress of the company’s information system.
It can be seen that Citic Securities Company Limited(600030) has carried out “cash management” on the 8 billion yuan allotment fund. In other words, within at least 61 days, Citic Securities Company Limited(600030) is expected that the above two share allotment fund-raising projects are still under preparation and there will be no use of the raised funds.
So, what is the Citic Securities Company Limited(600030) term interest rate of 2.28% this time?
On February 9, in the article “the certificate of large deposit was robbed as soon as it came out”, which was published by the daily economic news, but the temperature of the former sharp tool for holding the storage was obviously reduced “, the reporter photographed a small blackboard in the hall of a sub branch in China Construction Bank Corporation(601939) Shanghai during each visit. It is clearly pointed out that the annualized rate of return from the certificate of deposit (200000 yuan) given to ordinary customers is only 1.70%. It can also be seen that Hua Xia Bank Co.Limited(600015) gives a very favorable interest rate to Citic Securities Company Limited(600030) such a super large customer.
