|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||0.000 - 0.000|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 3, 2017 - Aug 4, 2017|
|Forward Dividend & Yield||0.17 (3.54%)|
|1y Target Est||6.20|
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: ...
HONG KONG (Reuters) - Li Ka-shing's CK Asset Holdings Ltd (1113.HK) is selling out of a central business district office tower for HK$40.2 billion (3.88 billion pounds), marking Hong Kong's biggest real ...
Rating Action: Moody's assigns Ba3 to proposed additional tier 1 offshore preference shares of Postal Savings Bank of China Co., Ltd.. Global Credit Research- 14 Sep 2017. Hong Kong, September 14, 2017-- ...
Rating Action: Moody's assigns first-time A2/P-1 ratings to Postal Savings Bank of China Co., Ltd.; outlook positive. Global Credit Research- 04 Sep 2017. Hong Kong, September 04, 2017-- Moody's Investors ...
Rating Action: Moody's assigns A2 rating to Shanghai International Port's proposed USD exchangeable bond. Global Credit Research- 26 Jul 2017. Hong Kong, July 26, 2017-- Moody's Investors Service has assigned ...