Previous Close | 4.410 |
Open | 4.380 |
Bid | 4.450 x 0 |
Ask | 4.460 x 0 |
Day's Range | 4.380 - 4.470 |
52 Week Range | 4.010 - 5.700 |
Volume | |
Avg. Volume | 328,658,392 |
Market Cap | 1.137T |
Beta (5Y Monthly) | 0.52 |
PE Ratio (TTM) | 3.21 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.42 (9.57%) |
Ex-Dividend Date | Jul 06, 2023 |
1y Target Est | N/A |
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(Bloomberg) -- An embattled Chinese shadow bank has taken a step closer to receiving potential state-led assistance, entering a partnership agreement with two of the nation’s biggest financial firms.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskUS, Chinese Officials Meet in Malta in Bid to Keep Channels OpenHow Auto Executives Misread the UAW Ahead of Historic StrikeHouse Republicans Prepare to Turn US Government Shutdown Into Immigration ClashThe World Is St
Two major Chinese banks reported a growing number of non-performing loans (NPLs) on their books in the first half of the year as China's worsening property-market crisis puts increasing strain on lenders. Both Bank of Communications, China's sixth-largest commercial bank in terms of assets, and China Merchants Bank reported rising NPLs, joining China Construction Bank (CCB) and Bank of East Asia, which issued similar reports on Thursday. Bank of Communications on Friday evening reported its NPLs
China Construction Bank Corp (CCB), the first of the country's Big Five lenders to report half-year results this week, posted a 3.36% rise in first-half net profit on Wednesday. China's second-biggest lender by assets saw profits rise to 167.34 billion yuan ($22.95 billion), a filing by the bank showed. "China is in a critical period of economic recovery and industrial upgrading, domestic demand is still insufficient, and the foundation for economic recovery still needs to be consolidated," CCB said in the filing.