|Bid||6.840 x 0|
|Ask||6.850 x 0|
|Day's Range||6.750 - 6.950|
|52 Week Range||6.330 - 9.390|
|PE Ratio (TTM)||5.95|
|Forward Dividend & Yield||0.35 (5.09%)|
|1y Target Est||9.79|
I am writing today to help inform people who are new to the stock market and want to begin learning the link between company’s fundamentals and stock market performance. ChinaRead More...
SHANGHAI/HONG KONG (Reuters) - China's biggest listed state-owned lenders are expected to post modestly higher profits and steady margins for the six months ended June, as government efforts to boost spending and liquidity underpins loan growth. Beijing has been pumping funds into the banking system and rolling out support measures for local businesses to cushion the impact from an escalating trade war with the United States. Indications on future trends are expected to emerge over the coming weeks as the country's top banks - Industrial and Commercial Bank of China , China Construction Bank Corp , Agricultural Bank of China , Bank of China and Bank of Communications Co Ltd - unveil their January-June results.
July 10(Reuters) - China Construction Bank Corp : * Says it plans to pay FY 2017 dividend to shareholders of record on July 16 * The company's shares will be traded ex-right and ex-dividend on July 17 ...
Hong Kong's securities regulator has fined China Construction Bank International Capital (CCBIC) HK$24 million ($3.06 million) for failings related to its role as sponsor when it tried to bring seafood company Fujian Dongya Aquatics to market in 2014. The disciplinary action is the third in what is expected to be a series of measures by the Securities and Futures Commission (SFC) against banks for misconduct when sponsoring IPOs in the Asian financial hub. CCBIC, a unit of state-owned China Construction Bank , has also agreed to an independent review of its policies and procedures in relation to its sponsor work, the SFC said in a statement on Monday.
June 28 (Reuters) - China Construction Bank Corp : * SAYS BOARD APPROVES TO RE-ELECT WANG ZUJI AS HEAD OF THE BANK Source text in Chinese: https://bit.ly/2Kpeqpo Further company coverage: (Reporting by ...
China's listed mid-tier and regional banks will face added pressure to curb risky activities following the formal establishment of Communist Party Committees at the lenders, bankers and analysts say. China's 40 listed banks have announced changes to their articles of association to add the committees, with 26 making announcements after the start of the year. While party committees have been set up across state-backed listed firms, their official establishment at banks comes as President Xi Jinping has targeted the industry and prioritised cutting financial risk.
Improving credit quality as a result of post-recession recovery has led to a strong growth environment for financial institutions. Large banks such as China Construction Bank Corporation (HKG:939), with aRead More...
As property prices rocket across China, Beijing has appealed to the country's banks and insurers to help accelerate the development of rental markets as a way of making homes more affordable – and rein in speculative sale markets. The big state banks have responded by pledging more than 3 trillion yuan (£351.5 billion) in rental housing financing, including for real estate developers, leasing firms and tenants, according to Reuters calculations. The total value of the rental market was 1.3 trillion yuan last year.
SHANGHAI (Reuters) - Global market research and index company MSCI Inc will add roughly 230 China-listed shares to its emerging market benchmark in a two-step process starting on June 1, a move expected ...
Moody's Investors Service has today taken rating actions on nineteen Chinese commercial banks and four Chinese subsidiaries of international banks. Moody's has upgraded by one notch the ratings of the following banks.
May 24 (Reuters) - Carpenter Tan Holdings Ltd: * UNITS & CHINA CONSTRUCTION BANK CORP ENTER WEALTH MANAGEMENT PRODUCT AGREEMENTS Source text for Eikon: Further company coverage:
China Construction Bank Corporation (SEHK:939) saw significant share price volatility over the past couple of months on the SEHK, rising to the highs of HK$8.59 and falling to the lowsRead More...
By Samuel Shen and Brenda Goh SHANGHAI (Reuters) - MSCI, the U.S. index publisher, said on Tuesday it will include 234 Chinese large cap stocks in its global and regional indexes on June 1, setting the ...
Global market research and index company MSCI Inc said on Tuesday it would add 234 China-listed shares to its emerging market benchmark in a two-step process in June and September, a move expected to drive a surge of foreign inflows into the country's stock markets. While some foreign investors are still haunted by memories of China's 2015 stock market crash and concerns about Sino-U.S. trade frictions, a deeper fear of missing out is widely expected to boost overseas investments in mainland stocks. MSCI's decision last June to include yuan-denominated Chinese stocks, known as "A-shares", into its emerging market (EM) index triggered a rally in Chinese blue-chips in 2017, though the market has corrected this year amid fears that a trade war will undermine the world's second-largest economy.
May 2 (Reuters) - 5I5j Holding Group: * SAYS IT SIGNS FRAMEWORK AGREEMENT WITH CHINA CONSTRUCTION BANK ON HOUSE LEASING BUSINESS Source text in Chinese: https://bit.ly/2JJqwcc Further company coverage: ...
BEIJING/SHANGHAI (Reuters) - China's Big Five state-owned banks posted their fastest first-quarter net profit growth in four years, while their ratio of soured debt remained steady. China's biggest lenders are in the midst of a revival, posting faster profit growth and generally healthier net interest margins after years of rising bad debt as economic growth slowed down. On Friday, Agricultural Bank of China Ltd (AgBank), reported a 5.43 percent rise in first-quarter net profit, while the country's largest bank, Industrial and Commercial Bank of China Ltd (ICBC), said its net profit grew 4 percent over the same period.
As a large-cap stock with market capitalization of HK$2.01T, China Construction Bank Corporation (SEHK:939) falls into the category of a major bank. As these large financial institutions revert back toRead More...
BEIJING/SHANGHAI (Reuters) - China's top lenders are reporting their best profit growth in three years on better net interest margins, with Beijing's crackdown on shadow financing and high leverage expected to further drive recovery this year. The strong 2017 results suggest that Beijing has been successful in pushing smaller lenders to cut their exposure to riskier financing practices - in turn helping reduce competition for the state-backed behemoths. "The banks that will do well this year are those that have national franchises, "safe" brands, relatively clean balance sheets, competitive products, sticky core deposits and strong credit skills," said John Ott, partner with Bain & Company and a leader with its Greater China financial services practice.
China Construction Bank Corporation (SEHK:939) has pleased shareholders over the past 10 years, paying out an average dividend of 4.00% annually. The company currently pays out a dividend yield ofRead More...
Goldman Sachs and Morgan Stanley are among at least 16 brokerages that have raised their target prices for China Construction Bank this year. Bloomberg's Tom Mackenzie reports on "Bloomberg Markets." ...
If you think things will keep getting better for China’s biggest banks, look no further than China Construction Bank Corp.
Feb.21 -- Goldman Sachs and Morgan Stanley are among at least 16 brokerages that have raised their target prices for China Construction Bank this year. Bloomberg's Tom Mackenzie reports on "Bloomberg Markets."