TCL Group carries out low risk investment industry

September 28 Evening News, TCL Group (000100.SZ) issued a notice, the company board of directors to consider and unanimously passed the low risk investment, financial derivatives business and venture capital and other matters. According to the announcement, in order to improve the utilization efficiency of its own idle funds, TCL will use its own idle funds to carry out low-risk investment, mainly for the placement of new shares purchase, bond investment, money market funds and commissioned financing, the income is significantly higher than the same period of bank deposit interest rates. At the same time, the company will use its own funds for venture capital, through with the local guidance fund and private capital Cooperation, the formation of the fund Operation Venture Investment business, mainly focused on investment expansion and maturity of enterprises.　　In addition, the group and its holding subsidiaries also carry out financial derivative business for hedging purposes to lock down costs and avoid exchange rate risks. Company said that the company's consumer electronics industry's seasonal characteristics, so that the company has a more abundant paper idle funds, can be used for low-risk investment in financial management, improve short-term financial benefits; The Board has carefully considered Low-risk investment banking, venture capital business and financial derivative business to improve the efficiency of capital utilization,　　The important role and significance of the asset value-added preservation, the search for new business growth points, the maintenance of the company's cost advantage and the avoidance of foreign exchange risk, and the corresponding internal control system to manage the risk and improve the company's investment business mechanism, will be beneficial to the company to do the main business and gain long-term In this respect, industry analysts point out that TCL Group actively develop the core business at the same time, the appropriate launch of Low-risk investment and investment and financial derivatives business, can not only improve the utilization of funds, to achieve the value of asset preservation and appreciation, but also to help the company to fully explore the upstream and downstream industries for its entire industrial chain layout development and add impetus, Enhance its comprehensive competitiveness, but also lock costs, avoid the risk of exchange rate changes.