Tsingtao Brewery (SHA:600600) authorized investments of up to 4.34 billion yuan, not exceeding 70% of its finance subsidiary's net capital, for a period of 12 months.
Permitted investments include government bonds, financial bonds, AAA-rated corporate bonds, money market funds and fixed-income funds, according to a Wednesday filing with the Shanghai bourse.
Shares of the brewery declined 1% in recent trade.
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