|Bid||5.890 x 0|
|Ask||5.900 x 0|
|Day's Range||5.840 - 5.900|
|52 Week Range||5.030 - 6.740|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||5.03|
|Forward Dividend & Yield||0.39 (6.66%)|
|Ex-Dividend Date||Jul 07, 2021|
|1y Target Est||7.76|
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Rating Action: Moody's assigns A1 rating to green notes of China Construction Bank, Macau BranchGlobal Credit Research - 14 Dec 2021Hong Kong, December 14, 2021 -- Moody's Investors Service, ("Moody's") has assigned A1 rating to the proposed USD-denominated 3-year floating-rate senior unsecured green notes to be issued by China Construction Bank Corporation (CCB), Macau Branch. Moody's has also assigned (P)A1 local and foreign currency senior unsecured Medium Term Note (MTN) program rating to CCB, Macau Branch.The rating outlook is stable.A list of all affected ratings and assessments is provided at the end of this press release.The green notes will be issued under CCB's USD15 billion MTN Programme. The net proceeds from the issue will be allocated to finance and/or refinance, in whole or in part, loans to customers involved in as well as the bank's own operational activities in eligible green projects.The assigned ratings are subject to receipt of final documentations, the terms and conditions of which are not expected to change in any material way from the draft documents that Moody's has reviewed.RATINGS RATIONALEThe assigned ratings and stable outlook are in line with CCB's long-term deposit rating and outlook, reflecting the structure of the issuance and the fact that CCB, Macau Branch is a branch of CCB and forms part of the same legal entity as CCB.
Moody's expects the bank to maintain good liquidity and strong capitalization, and improve its asset quality and profitability as the economy continue to recover in the next 12-18 months. Moody's also expects the bank to continue to benefit from strong indirect support from the Chinese government.A list of affected ratings can be found at the end of the press release.RATINGS RATIONALEThe affirmation of CCB Asia's A1 deposit and senior unsecured ratings with stable outlook and the baa1 BCA takes into account the bank's good funding, good asset risk, and strong liquidity and capitalization, as well as its modest profitability.CCB Asia relies principally on customer deposits to fund its operations and has large holdings of liquid assets.
(Bloomberg) -- Swipe your bracelet, watch or even a walking stick, and you can pay for your goods with digital yuan. These are just some of the quirky gadgets that China’s central bank, lenders and technology giants are showcasing to Beijing residents ahead of a broader rollout of the e-currency when the city hosts the Winter Olympics in February. The wearable devices, embedded with a digital yuan chip, can be tapped against a scanner, transferring the currency from an e-wallet without needing a