Shenzhen Investment Holdings Bay Area Development affiliate Coastal Company buys RMB420 million ICBC structured deposit product

Reuters
6 hours ago
Shenzhen Investment Holdings Bay Area Development affiliate Coastal Company buys RMB420 million ICBC structured deposit product

Shenzhen Investment Holdings Bay Area Development said its non wholly-owned subsidiary Shenzhen Guangshen Coastal Expressway Investment Company subscribed for two principal-guaranteed structured deposit products from ICBC using internal resources. The subsidiary invested RMB200 million on Jan. 30, 2026, and RMB420 million on Feb. 24, 2026, with expected annualised returns of 0.80% to 2.35% and 0.80% to 2.16%, respectively.

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