|Bid||4.630 x 0|
|Ask||4.640 x 0|
|Day's Range||4.610 - 4.700|
|52 Week Range||4.030 - 5.640|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 3, 2017 - Aug 4, 2017|
|Forward Dividend & Yield||0.17 (3.66%)|
|1y Target Est||5.62|
Postal Savings Bank of China Co Ltd (HKG:1658) saw significant share price volatility over the past couple of months on the SEHK, rising to the highs of HK$5.26 and falling Read More...
BEIJING (Reuters) - China's banking and insurance regulator has approved four state-owned banks to jointly invest and set up a national financing guarantee fund, it said in an online statement released ...
As a large-cap stock operating in the banking sector, the HK$399.48b market capitalisation Postal Savings Bank of China Co Ltd (HKG:1658) may have a “too big to fail” appearance. However, Read More...
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. In the past, Postal Savings Bank of China Co LtdRead More...
HONG KONG, Aug 1 (Reuters/IFR) - China Tower Corp Ltd has raised $6.9 billion after pricing its initial public offering (IPO) at the bottom of an indicative range, four people close to the deal said on Wednesday, in the world's biggest listing in two years. The float is widely seen as a test of Hong Kong's IPO market as investors consider several large deals at time when the benchmark Hang Seng Index down about 14 percent from its January peak. It also comes as China's economy has begun to lose growth momentum this year amid a government push to reduce debt and an escalating trade conflict with the United States.
* China Tower secures $1.4 bln from 10 cornerstone investors * Hillhouse, Och-Ziff and Alibaba unit among cornerstones * Company sets price range of HK$1.26-HK$1.58/share * Tower IPO would be the world's ...
As a HK$423.79b market capitalisation company operating in the financial services sector, Postal Savings Bank of China Co Ltd (HKG:1658) has benefited from strong economic growth and improved credit qualityRead More...
HONG KONG, June 20 (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm Inc for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters. Xiaomi, which also makes internet-connected devices, has set a price range of HK$17 to HK$22 ($2.17 to $2.80) each for its listing in the Asian financial hub, one of the biggest tech floats globally in recent years.
Moody's Investors Service says that China (A1 stable) is moving ahead on changes in its economic structure, a credit positive. "If such measures lead to a reallocation of labor and capital resources that shift credit towards sectors with higher productivity growth, it will support the Chinese government's credit quality by increasing its debt-carrying ability," says Marie Diron, a Managing Director for Moody's Sovereign Risk Group. The views are contained in presentations and discussions by senior Moody's analysts at the "Moody's and CCXI 2018 Mid-Year China Credit Outlook Conference, China credit trends -- Meeting the challenges of domestic risks and global relations".
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.
An internet and industrial-focused unit of Taiwanese electronics manufacturer Foxconn plans to sell 30 percent of its public share offering in Shanghai to a group of cornerstone-type investors, its prospectus showed, a rare move in China listings. Foxconn Industrial Internet is yet to finalise the size of the initial public offering (IPO), but it plans to use the proceeds to finance investments totalling 27.3 billion yuan ($4.3 billion) on areas including cloud computing, data centre and 5G related projects, according to the prospectus filed on Monday. The company didn't immediately respond to a request for comment on how much it plans to raise from the IPO.
Moody's Investors Service has just published its May edition of Inside China, a quarterly newsletter. In particular, Moody's says that the direct effects of proposed US tariffs on China's exports and economy are likely underestimated, and that the full extent of their overall impact will be seen through knock-on effects. On China's debt-for-equity swap framework, Moody's says that this framework renders near-term liquidity relief to affected Chinese corporates, giving them time to restore their business and credit profiles.
Moody's Investors Service says that the 2017 results of 12 Chinese banks are in line with Moody's view that the Chinese banking system has entered a slower asset growth period and has reacted to the broad directive to reduce regulatory arbitrage, opaque investments and other shadow banking activities. "Furthermore, we expect these adjustments to continue in 2018, with a key driver being the tighter scrutiny of bank compliance with wholesale funding caps," says Ray Heung, a Moody's Senior Vice President. "In addition, improvements in asset quality, steadiness in capitalization, recovering profitability, and lower use of market funding -- all of which occurred in 2017 -- will continue in 2018," adds Heung.
* HK- Shanghai Connect daily quota used 4.3 pct * Shanghai- HK daily quota used 18 pct * HSI +0.7 pct, HSCE +0.4 pct, CSI300 +0.6 pct * CEFC Hong Kong Financial Investment tumbles on CEFC probe news ...
China's banking regulator has imposed fines of 52.5 million yuan (£5.9 million) on 19 banks in the northwestern province of Shaanxi and the central province of Henan over a 19-billion-yuan (£2.1 billion) pledged loan fraud, it said on Friday. It is the third major penalty handed down since the start of the year as the regulator steps up a crackdown on illegal practices to fend off financial risk. Criminals illegally pledged gold of low purity to obtain loans from banks, including branches of large state lenders Industrial and Commercial Bank of China Ltd (1398.HK) and Postal Savings Bank of China Co , the regulator said.
Dec 22 (Reuters) - Hongbo Co Ltd: * SAYS IT SIGNS FRAMEWORK AGREEMENTS WITH POSTAL SAVINGS BANK OF CHINA ON BANK CARD RELATED PROJECTS Source text in Chinese: http://bit.ly/2kBQggI Further company coverage: ...