Summary by Moomoo AI
China Petroleum Gas Co., Ltd. (abbreviated as China Petroleum) issued a notice on 25 March 2024 detailing the ongoing risk assessment report of its wholly-owned subsidiary, China Petroleum Finance Limited (CNY Finance), and its financial business outlook for 2024. The report shows that Oil Finance holds legal business licenses and financial licenses, and has a thorough risk control system in place. As of the end of 2023, the CBI cash and deposits of the Central Bank amounted to USD 13.3 billion, disbursed funds of USD 2,220.9 billion and net interest income of USD 73.0 billion. The internal control situation of the company is good and the main regulatory indicators are in line with the requirements of the State Administration of Financial Supervision. The deposit and loan...Show More