|Bid||1.857 x 151200|
|Ask||1.945 x 143200|
|Day's Range||1.853 - 1.859|
|52 Week Range||1.188 - 1.992|
|PE Ratio (TTM)||14.64|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares in China International Capital Corp. (CICC) (3908.HK) jumped 17% to a record high of HKD17.44 a share this morning in Hong Kong after China internet giant Tencent (700.HK) announced a $367 million investment in the Chinese brokerage. Tencent will purchase 200.5 million new CICC shares at HKD13.80 apiece, a 10% discount to the broker's closing price on Wednesday. Upon completion Tencent will have a 5% stake in CICC.
China’s industrial profits rose 16.7 percent in May from a year earlier as global demand improved, helping to fill companies’ order books.
Forget beer and wine made from grapes. In China’s booze market, it’s all about another, equally old alcoholic beverage.