Jiangling Motors: plans to carry out foreign exchange hedging operations in 2026 with a quota of 58 million US dollars.
Jiangling Motors Corporation announced that in order to hedge against risks and avoid exchange rate fluctuations, the company plans to carry out foreign exchange hedging transactions. The trading instrument is forex, the trading tool is forward foreign exchange, and the trading venue is financial institutions approved by regulatory authorities. The forward foreign exchange trading limit for 2026 is 50 million US dollars and 8 million euros, with an estimated use of trading margins and option premiums not exceeding 30 million US dollars and 6 million euros. This business has been approved by the board of directors and does not require approval from the shareholders' meeting. There are risks such as market and liquidity in conducting this business, and the company has established corresponding control measures.
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