---
title: "JBIT: Using idle funds for wealth management, the balance not yet due totals 1.222 billion yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286246643.md"
description: "JBIT announced that the company agreed to use no more than 100 million yuan of idle raised funds for cash management, and no more than 1.3 billion yuan of idle self-owned funds for entrusted wealth management, with the quota available for recycling within 12 months. Recently, the company has used 12.5 million yuan of idle raised funds to purchase cash management products and 636 million yuan of idle self-owned funds to purchase entrusted wealth management products. As of the announcement date, the balance of idle raised funds for cash management that has not yet matured is 12.5 million yuan, and the balance of idle self-owned funds for entrusted wealth management that has not yet matured is 1.209 billion yuan, both of which are within the authorized limits"
datetime: "2026-05-13T10:58:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286246643.md)
  - [en](https://longbridge.com/en/news/286246643.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286246643.md)
---

# JBIT: Using idle funds for wealth management, the balance not yet due totals 1.222 billion yuan

JBIT announced that the company agreed on March 13, 2026, to use no more than 100 million yuan of idle raised funds for cash management and no more than 1.3 billion yuan of idle self-owned funds for entrusted wealth management, with a limit that can be recycled within 12 months. Recently, the company used 12.5 million yuan of idle raised funds to purchase cash management products and 636 million yuan of idle self-owned funds to buy entrusted wealth management products. As of the announcement date, the balance of idle raised funds for cash management that has not matured is 12.5 million yuan, and the balance of idle self-owned funds for entrusted wealth management that has not matured is 1.209 billion yuan, both of which have not exceeded the authorized limit

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