July 25 – Lier Chemical (002258) plans to use 50 million yuan in idle funds to purchase capital-guaranteed financial products in an attempt to optimize the use of its capital, reports yicai.com, citing a company filing.

According to an employee at China’s Central Bank, funds invested in financial products as of June 60 hit 3.57 trillion yuan, an increase of 800 billion yuan from the end of 2010 and accounting for 4.5 percent of outstanding deposits.

Source:CapitalVue