|Day's Range||3.47 - 3.51|
|52 Week Range||3.07 - 3.61|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Exiled billionaire businessman Guo Wengui instructed his employees to fraudulently obtain hundreds of millions of dollars in loans, senior employees of his real estate company told a court in China's northeastern Liaoning province. Two of the defendants also admitted to the false purchase of foreign currency. In an online video posted on Friday, Guo said he was unaware of his employees’ actions concerning the alleged loan fraud.
Categories: Yahoo FinanceGet free summary analysis Agricultural Bank of China reports financial results for the quarter ended March 31, 2017. We analyze the earnings along side the following peers of Agricultural Bank of China – Bank of Communications Co., Ltd. Class A, China Construction Bank Corporation Class A, China Merchants Bank Co., Ltd. Class A, China Minsheng ... Read more (Read more...)
SHANGHAI/BEIJING, May 24 (Reuters) - Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise. The one-notch downgrade in long-term local and foreign currency issuer ratings, to A1 from Aa3, comes as the Chinese government grapples with the challenges of rising financial risks stemming from years of credit-fuelled stimulus. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows," the ratings agency said in a statement, changing its outlook for China to stable from negative.