yojucasinonodepositbonus| SMIC (00981): Foreign exchange and interest rate risk prevention and hedging scale shall not exceed 50% of net assets
Newsletter summary
SMIC (00981) launched financial derivatives for foreign exchange and interest rate hedging, aimed at enhancing financial stability, with a plan size of no more than 50 per cent of net assets.
Text of news flash
[SMIC strengthens its resistance to foreign exchange and interest rate fluctuations through financial derivatives] SMIC (00981) recently announced that in order to effectively prevent the company and all wholly-owned or controlling subsidiaries from facingYojucasinonodepositbonusWith regard to the risk of foreign exchange rate and interest rate, the company has taken measures to improve its ability to cope with such volatility risks and enhance financial soundness. As part of its strategy, SMIC plans to hedge foreign exchange and interest rates through financial derivatives. The size of the hedging business of the company and its subsidiaries is not expected to exceed half of the audited net assets in 2023. The actual credit line or margin occupation scale will be adjusted according to the specific business needs of the company. SMIC also revealed that the funds for the hedging business will come from the company's own funds, funds obtained through debt financing, and funds raised through other channels permitted by laws and regulations. This shows thatYojucasinonodepositbonusSMIC is forward-looking and robust in financial risk management.
2024-05-10 01:21:35
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