How to operate after raising 22.4 billion?

The answer given by the brokerage "one brother" CITIC Securities is: buy 8 billion fixed deposits.

　　On the evening of February 11, CITIC Securities (600030.SH) announced that it had signed a deposit business with Hua Xia Bank and purchased three fixed-term deposits totaling 8 billion yuan.

CITIC Securities has chosen the type of income guaranteed by the principal. The estimated annualized rate of return/deposit interest rate is 2.28%, and the total estimated income is 36.6067 million yuan.

　　Some investors said with a smile: "CITIC Securities can earn 36.6067 million lying down." Some investors commented: "Are you not optimistic about the stock market and deposit your money in the bank on a regular basis?"

　　After raising 22.4 billion yuan

　　CITIC Securities spends 8 billion to buy time deposits

　　At the end of January, CITIC Securities raised about 22.4 billion yuan in A-share allotment. Market analysis pointed out that this is the largest allotment financing in the history of the securities industry.

But just a week later, CITIC Securities announced on February 8 that it planned to manage the 8 billion yuan of temporarily idle funds for cash management.

　　On the evening of February 11, CITIC Securities announced the results of "cash management": the purchase of 8 billion yuan of fixed deposits.

　　According to the announcement, CITIC Securities opened a fixed-term deposit account with Hua Xia Bank on February 10, and signed a deposit business agreement to purchase three fixed-term deposits. The product terms are 61 days, 62 days, and 90 days, respectively. The deposit amount They are 2 billion yuan, 3 billion yuan, and 3 billion yuan respectively, for a total of 8 billion yuan.

　　CITIC Securities stated that this is to make full use of the company's temporarily idle raised funds to further improve the use efficiency of the raised funds, increase the company's capital income, and seek more investment returns for the company and shareholders.

　　CITIC Securities also explained in the announcement why it chose time deposits: "The company has selected bank time deposits that provide capital guarantee commitments this time, and the investment risk is small and within the company's controllable range. If any factor occurs, the company will take appropriate security measures in a timely manner to control investment risks to the greatest extent possible.”

　　It can be seen from the announcement that for the three fixed deposits, CITIC Securities has chosen the type of income guaranteed by the principal.

Some investors laughed and said: "CITIC Securities can earn 36.6067 million lying down."

　　Where does the 8 billion idle funds come from?

　　506 listed companies have bought wealth management products

　　According to the previous total of about 22.4 billion yuan raised by CITIC Securities, the idle funds of 8 billion yuan accounted for 35.72%.

Why are there so many idle funds?

　　Previously, CITIC Securities stated that the investment projects of the raised funds and the use plan of the raised funds after deducting the issuance expenses are: to invest 13.318 billion yuan in the project of "development of capital intermediary business" and 50 yuan in the project of "increasing investment in subsidiaries". 100 million yuan, 3 billion yuan will be invested in the project of "strengthening information system construction", and 1 billion yuan will be invested in the project of "supplementing other operating funds".

　　The Chengdu Business Daily-Red Star News reporter noticed that the 8 billion yuan of idle funds mainly came from two parts: "increasing investment in subsidiaries" and "strengthening the construction of information systems".

　　In the announcement on February 8, CITIC Securities stated that it planned to increase the investment of RMB 5 billion in subsidiaries. Due to the pre-approval procedures for the establishment and capital increase of subsidiaries by the regulatory authorities, some funds have to be regulated. It can be used after approval. The rest should be invested according to the business capital needs of the subsidiary and after completing the relevant approval process. It is expected that some funds will have a certain idle period.

　　In addition, the RMB 3 billion to be used to strengthen the construction of the information system shall be used in batches according to the progress of the construction of the company's information system.

　　Chengdu Business Daily-Red Star News reporter found that among many listed companies, not only CITIC Securities, but also many companies choose to use idle funds to purchase wealth management products.

　　According to the statistics of "Securities China", in the past year, a total of 1,266 listed companies (all non-financial enterprises) have invested a total of 1.28 trillion yuan in purchasing various wealth management products.

These products include structured deposits, call deposits, bank wealth management, and brokerage wealth management.

　　According to Securities Daily, this year, in just over a month, 506 listed companies have purchased a total of 137.493 billion yuan of wealth management products.

Last year, the total amount of financial products purchased by listed companies was as high as 1.33 trillion yuan.

　　Chengdu Business Daily-Red Star News reporter Yu Yaoqiang Yaxian