LeTV responds to the 180 million stock speculation.
Regarding this, LeTV responded to Oriental Finance and Economics saying that this stock speculation was not the same as the usual stock speculation, and that this matter was "misinterpreted". The 1.5 billion involved is considered "risk-free investment". LeTV stated that the company's intention in this instance was to increase fund operating income. Although the total amount is 1.8 billion, at least 1.5 billion is being used to purchase new stocks on the Beijing Stock Exchange and for government bond reverse repurchase. The reverse repurchase of government bonds is considered a risk-free business, with a much higher return rate than bank deposits. Regarding the new stock business on the Beijing Stock Exchange, out of the 25 new stocks that were listed in 2025, all were sold on the first day to make a profit. After checking historical data, it was confirmed that this was indeed the case, making it seem like a business with a 100% profit rate. As for the investment in 30 million stocks, according to LeTV's announcement, at least 80% will be invested in stocks included in the Shanghai and Shenzhen 300 Index, and at least 50% will be invested in bank stocks. LeTV's investment strategy seems to be more conservative.
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