China CITIC Bank (00998) completes issuance of 2024 unfixed term capital bonds (first instalment)
China CITIC Bank (00998) issued an announcement according to the People's Bank of China's “Administrative License Grant Decision” (Bank License Approval)...
Research Report Nuggets丨Open Source Securities: Maintaining China CITIC Bank's “Buy” Rating, Q1 Business Performance Is Expected to Remain Stable
According to the Open Source Securities Research Report, China CITIC Bank (601998.SH) has relied on the Group's collaborative advantages and focused on customer hierarchical management in recent years, and has had many highlights in terms of asset expansion, cost pressure reduction, and asset quality improvement. Net profit due to mother in 2023 was 67 billion yuan (YoY +7.91%). The growth rate was the second highest among listed stock banks that have disclosed annual reports, showing good growth resilience. Affected by retail risk exposure in the banking sector, China CITIC Bank may increase its provision plan in 2024Q1 to maintain overall stable asset quality, and the annual net profit growth rate is expected to be steady, moderate and positive. It is expected that its Q1 business performance will remain stable.
Wanlian Securities: The bank's overall profit growth or entry into the bottom zone, and the short-term sector's defensive properties are still quite obvious
Looking back, in high dividend strategies, support factors on the denominator side may have responded a lot, and stability on the molecular side has become the key logic for high-dividend stock selection.
China CITIC Bank (00998.HK) plans to hold a board meeting on April 29 to approve the first quarter results
Gelonghui, April 17, 丨 China CITIC Bank (00998.HK) announced that the board of directors will hold a board meeting on April 29, 2024 (Monday) to consider and approve (including other matters) the quarterly results of the Bank and its subsidiaries for the three months ended March 31, 2024.
中信銀行:董事會會議召開日期
China Banks' Profit May Hold Up in 1Q -- Market Talk
0539 GMT - Profits at China banks may hold up in 1Q despite a challenging operating environment leading to subdued revenue generation, says Lawrence Chen, an analyst with CCB International, in a note.
Zhejiang Shibao (01057) signed tripartite and quadripartite supervisory agreements to raise capital
Zhejiang Shibao (01057) issued an announcement according to the China Securities Regulatory Commission's “Approval of Zhejiang Shibao Co., Ltd...
China Citic Bank CFO Resigns
China Citic Bank (HKG:0998, SHA:601998) said its Chief Financial Officer Wang Kang stepped down effective Friday, according to a same-day Hong Kong bourse filing. Wang also resigned from his position
China CITIC Bank (00998.HK): Wang Kang Resigns as Deputy Governor and Chief Financial Officer
Gelonghui, April 12, 丨 China CITIC Bank (00998.HK) announced that Wang Kang, Deputy Governor and Chief Financial Officer, submitted his resignation to the board of directors on April 12, 2024 due to job adjustments and resigned from his position as Deputy Governor and Chief Financial Officer. Wang Kang's resignation took effect on the day the resignation was delivered to the board of directors.
China's Feihe plans to subscribe for 500 million yuan of financial products
China Feihe (06186) announced that on April 11, 2024, Heilongjiang Feihe, a wholly-owned subsidiary of the company, used its idle funds to subscribe to wealth management financial products worth RMB 500 million sold by China CITIC Bank (subscribing to Quanying No. 86 Wealth Management Product).
China Feihe (06186.HK) subscribes for 500 million yuan financial products
Gelonghui, April 11, 丨 China Feihe (06186.HK) announced that on April 11, 2024, Heilongjiang Feihe, a wholly-owned subsidiary of the company, used idle funds to subscribe to wealth management financial products sold by China CITIC Bank for an amount of RMB 500 million.
Helping build a financial power with high-quality financial development China CITIC Bank releases 2023 Sustainability Report
Recently, China CITIC Bank released its 2023 Sustainability Report. Chairman Fang Heying said in his address to the report that sustainable development has become a “must-answer question” for high-quality enterprise development. China CITIC Bank will move towards “entering the competitive front of world-class banks”, help build a financial power with high-quality financial development, and closely follow the “Five Big Articles” to give full play to its financial capabilities and CITIC strengths.
China CITIC Bank (00998): The amount of CITIC bonds that have not yet been converted to shares is about 13.406 billion yuan
China CITIC Bank (00998) issued an announcement. As of March 31, 2024, it has accumulated RMB 265.9...
The controlling shareholder of China CITIC Bank (00998) converted its A-share convertible bonds into 4.326 billion A-shares on March 29
China CITIC Bank (00998) announced that on March 29, 2024, the bank's controlling shareholder will hold A shares...
CITIC Shares (00267): CITIC Financial Holdings plans to convert China CITIC Bank's A-share convertible bonds
According to the Zhitong Finance App, CITIC (00267) issued an announcement regarding CITIC Limited's proposed subscription for A-share convertible bonds proposed by China CITIC Bank. In March 2019, CITIC Limited subscribed a total of RMB 26.388 billion worth of A-share convertible bonds issued by China CITIC Bank for itself and other members of the Group that are direct shareholders of China CITIC Bank at a face value of RMB 100 each. CITIC Limited transferred all of the A-share convertible bonds mentioned above to CITIC Financial Holdings in July 2022. CITIC Financial Holdings, a wholly-owned subsidiary of the company, plans to use the share exchange right to hold a total of RMB 26.388 billion A shares
China CITIC Bank (601998.SH): Hong Kong branch opens
Gelonghui, March 27丨China CITIC Bank (601998.SH) announced that with the approval of the Hong Kong Monetary Authority, China CITIC Bank Limited Hong Kong Branch has been formally established and an opening ceremony will be held on March 27, 2024, Beijing time.
China CITIC Bank (601998.SH): The Hong Kong branch was officially established and an opening ceremony was held on March 27
China CITIC Bank (601998.SH) issued an announcement. With the approval of the Hong Kong Monetary Authority, China CITIC Bank Limited...
DBS: Maintaining China CITIC Bank's (00998) “Buy” Rating and Lowering Target Price to HK$4.9
DBS lowered China CITIC Bank's (00998) profit forecast for this year and next two years by 11% and 16%, respectively.
CITIC BANK To Go Ex-Dividend On June 25th, 2024 With 0.39246 HKD Dividend Per Share
March 22nd - $CITIC BANK(00998.HK)$ is trading ex-dividend on June 25th, 2024. Shareholders of record on June 26th, 2024 will receive 0.39246 HKD dividend per share on July 18th, 2024. The ex-divi
Long-term value creators: China CITIC Bank's “strong core” transformation path
“Total assets exceeded 9 trillion yuan, and the scale of deposits and loans both crossed the 5 trillion yuan mark. The compound growth rate of net profit reached double digits over three years, and the volume ratio of non-performing loans continued to decline for three consecutive years.” This impressive set of data comes from China CITIC Bank's 2023 report card. Also receiving much attention is China CITIC Bank Chairman Fang Heying's wonderful views at the recent annual report press conference. On March 22, at the China CITIC Bank headquarters building, China CITIC Bank Chairman Fang Heying and management answered questions from analysts and media about the 2023 results. “Behind our achievements, our 'value bank' concept is taking root, our resilience to do difficult things is increasing, and our ability to do difficult things
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