Hisense Home Appliances Deploys RMB1.81 Billion into Chongqing Trust Wealth Products

Tip Ranks
2026.05.19 09:38
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Hisense Home Appliances Group Co. has committed RMB1.81 billion into Chongqing Trust wealth management products from July 2025 to May 2026. This investment follows shareholder approval to deploy up to RMB23 billion in lower-risk assets to enhance capital utilization. The transactions exceed the 5% threshold under Hong Kong listing rules, necessitating formal reporting. The company aims to optimize cash management while maintaining a conservative risk profile. Analysts rate the stock as a Buy with a target price of HK$27.00.