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China CITIC Bank Corporation Limited (601998.SS)

Shanghai - Shanghai Delayed Price. Currency in CNY
4.9200-0.0600 (-1.20%)
At close: 03:00PM CST
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  • Reuters

    RPT-UPDATE 1-China Evergrande lenders appoint receiver to seize Hong Kong headquarters - sources

    Lenders of struggling Chinese developer Evergrande Group have appointed a receiver this week to seize its Hong Kong headquarters, two sources said, as the world's most indebted developer struggles to emerge from its debt crisis. Saddled with more than $300 billion in liabilities, Evergrande has been trying to sell its 26-storey China Evergrande Centre in Hong Kong's Wan Chai district after a potential $1.7 billion deal collapsed late last year, as part of the asset disposal effort to raise funds. The Hong Kong tower has been pledged for a loan by lenders led by China Citic Bank International, the Hong Kong subsidiary of the Chinese state-owned bank China Citic Bank Corp Ltd.

  • Reuters

    UPDATE 1-China Evergrande lenders appoint receiver to seize Hong Kong headquarters - sources

    Lenders of struggling Chinese developer Evergrande Group have appointed a receiver this week to seize its Hong Kong headquarters, two sources said, as the world's most indebted developer struggles to emerge from its debt crisis. Saddled with more than $300 billion in liabilities, Evergrande has been trying to sell its 26-storey China Evergrande Centre in Hong Kong's Wan Chai district after a potential $1.7 billion deal collapsed late last year, as part of the asset disposal effort to raise funds. The Hong Kong tower has been pledged for a loan by lenders led by China Citic Bank International, the Hong Kong subsidiary of the Chinese state-owned bank China Citic Bank Corp Ltd.

  • South China Morning Post

    China's private pension scheme to draw US$17.8 billion a year from savings accounts into asset management

    China's newly expanded private pension scheme will inject at least 120 billion yuan (US$17.8 billion) a year into the country's asset-management market, according to analysts, as China Citic Bank becomes the first Chinese lender to apply for a licence to offer pension accounts in the scheme's pilot programme. Under the scheme, unveiled in April, workers will be able to deposit up to 12,000 yuan per year into personal accounts that can invest in a range of financial products, including banks' wea

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