00998 CITIC BANK
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CITIC BANK News
China CITIC Bank Applies for Listing of $5 Billion Bonds Program
China CITIC Bank (HKG:0998) has made an application to the Stock Exchange of Hong Kong, for the listing of $5.00 billion medium-term bond program of the bank for 12 months after June 18, by way of deb
China Citic Bank Corporation (00998.HK): The planned $5 billion medium-term note program is expected to take effect on June 20th.
China Citic Bank Corporation (00998.HK) announced that it has applied to the Hong Kong Stock Exchange to launch a 50 billion US dollar medium-term note program for a period of 12 months from June 18, 2024, which only issues bonds to professional investors. It is expected that the plan will become effective on June 20, 2024.
Zhejiang Shibao Invests 50 Million Yuan in Wealth Management Products
Zhejiang Shibao (SHE:002703, HKG:1057) has subscribed for 50 million yuan of wealth management products from a sub-branch of China CITIC Bank (HKG:0998, SHA:601998). The products have an expected retu
Zhejiang Shibao subscribed a total of 50 million yuan in China Citic Bank Corporation's wealth management products.
Zhejiang Shibao (01057) announced that on June 1, 2024, the company successfully applied for the third and fourth China Citic Bank wealth management products at the Hangzhou Economic and Technological Development Zone branch of China Citic Bank. The subscribed amount for the products was 20 million yuan and 30 million yuan, respectively, which were financed using some of the company's idle raised funds.
Zhejiang Shibao (01057.HK) subscribed to a 20 million yuan wealth management product.
On June 3, Gelunhui announced that Zhejiang Shibao (01057.HK) successfully subscribed to the third and fourth China CITIC Bank wealth management products at the Hangzhou Economic and Technological Development Zone Branch of China CITIC Bank on June 1, 2024, using part of the company's idle funds. The subscription amount for the products is RMB 20 million.
China CITIC Bank (00998.HK): Liu Honghua Resigns as Business Director
Gelonghui, May 31, 丨 China CITIC Bank (00998.HK) announced that due to retirement, Liu Honghua, submitted his resignation to the board of directors on May 31, 2024 and resigned from his position as business director. Liu Honghua's resignation took effect on the day the resignation was delivered to the board of directors.
Baiguoyuan Group (02411.HK) further subscribes for 125 million yuan of China CITIC Bank wealth management products
Gelonghui May 31 | Baiguoyuan Group (02411.HK) announced that on May 30, 2024, the company will further subscribe for China CITIC Bank wealth management products totaling RMB 125 million.
Southern Manganese (01091): China CITIC Bank's execution of the enterprise guarantee and the Southern Manganese Group's liquidation enterprise guarantee will be recognized as the company's loss
Zhitong Finance App News, Nanfang Manganese (01091) issued an announcement. The board of directors of the company hereby updates that the outstanding principal amount of the project financing loan was RMB 552 million, which was originally due on December 22, 2022. The outstanding principal amount of RMB 144 million was then extended until May 20, 2024, while the outstanding principal amount of RMB 409 million was then extended until July 20, 2024. Southern Manganese Group Co., Ltd. (Southern Manganese Group, formerly CITIC Dameng Mining Co., Ltd.) (a wholly-owned subsidiary of the company) provided China CITIC Bank with financing loans for the project
International Commercial Settlement (00147): Evernod Healthcare signs guarantee contract with China CITIC Bank in Fuzhou
Zhitong Finance App News, International Commercial Settlement (00147) announced that on March 14, 2024, the joint venture (as the borrower) signed a loan contract with China CITIC Bank Fuzhou (as the lender). Based on this, China CITIC Bank Fuzhou agreed to provide a loan of up to RMB 200 million to the joint venture. On May 21, 2024, Avonord Healthcare (as the guarantor) signed a guarantee contract with China CITIC Bank Fuzhou (as lender). According to this, Avonord Healthcare agreed to use China CITIC Bank Fuzhou as the beneficiary to guarantee the joint venture's repayment obligations under the loan agreement as collateral. On the same day,
Minsheng Securities: Bank AH Shares High Premium Nuggets H Shares High Dividends
Bank AH share premiums are still at historically high levels. On the one hand, tax policy expectations are improving, and premiums are expected to subside with financial support. On the other hand, the discount on H shares also brings dividend advantages. At the same time, it is also necessary to consider the relative disadvantages of liquidity and settlement efficiency in the H share market.
China CITIC Bank (00998.HK): “CITIC Bonds Transfer” maintains AAA credit rating
Glonghui, May 13 | China CITIC Bank (00998.HK) announced that by tracking and rating the credit status of China CITIC Bank Co., Ltd. and “CITIC Bonds Transfer”, it was determined that the subject credit rating of China CITIC Bank Co., Ltd. remained AAA. The rating outlook remained stable, and the credit rating of “CITIC Bonds Convertible” remained AAA.
Dongguan Securities: If the banking sector's “offense and defense” logic is not changed, the potential disadvantages of the fundamental industry are expected to be exhausted
The banking sector's “balance offense and defense” logic does not change the fundamental level. After many rounds of adjustments such as many interest rate cuts, accelerated exposure of real estate risks, rate cuts, and loan repricing in the first quarter, the first quarter results fell to a low level, and the potential shortfall in the industry is expected to be exhausted.
China Suntien Green Energy Inks Deposit Deals With Four Lenders
China Suntien Green Energy (SHA:600956, HKG:0956) signed deposit agreements with four banks, the company said in its filing on the Shanghai Stock Exchange. The power supplier agreed to deposit a minim
Zhejiang Shibao uses some idle funds raised for cash management
Zhejiang Shibao (01057) issued an announcement. Recently, the company used some of the temporarily idle funds raised to purchase structured deposit products through China CITIC Bank Co., Ltd. Hangzhou Economic and Technological Development Zone Branch (“China CITIC Bank”). The details are as follows: 1. The current situation of using some idle funds raised for cash management:
China Citic Bank Posts Higher Profit, Operating Income in Q1
China Citic Bank (HKG:0998, SHA:601998) reported a profit attributable to equity shareholders of 19.19 billion yuan for the quarter that ended March 31, 2024, compared with 19.14 billion yuan in the p
China CITIC Bank (00998) will distribute the 2023 final dividend of 3.56 yuan for every 10 shares on July 18
According to the Zhitong Finance App, China CITIC Bank (00998) announced that the company will pay the 2023 final dividend of RMB 3.56 for every 10 shares on July 18, 2024.
中信銀行：2023年度股東周年大會通告
China Citic Bank 1Q Net CNY19.19B Vs. Net CNY19.14B >0998.HK
China Citic Bank 1Q Net CNY19.19B Vs. Net CNY19.14B >0998.HK
China CITIC Bank (00998) nominated Fang Heying, Liu Cheng, and Hu Gang as executive directors
Zhitong Finance App News, China CITIC Bank (00998) issued an announcement agreeing to nominate Mr. Fang Heying, Mr. Liu Cheng, and Mr. Hu Gang as executive directors of the 7th board of directors, Mr. Cao Guoqiang, Ms. Huang Fang, and Mr. Wang Yankang as non-executive directors of the 7th board of directors, and Mr. Liao Zibin, Mr. Zhou Bowen, Mr. Wang Huacheng, and Ms. Song Fangxiu as independent non-executive directors of the 7th board of directors. It was agreed to nominate Mr. Wei Guobin, Ms. Sun Qixiang, and Mr. Liu Guoling as candidates for external supervisors of the 7th board of supervisors, and Ms. Li Rong as a candidate for the shareholder representative supervisor of the 7th board of supervisors. The candidates for supervisors are all re-elected supervisors. The bank's employee representative supervisor
China CITIC Bank (00998.HK)'s net profit for the first quarter was 19.191 billion yuan, up 0.25% year-on-year
Gelonghui, April 29 | China CITIC Bank (00998.HK) announced that in the first quarter of 2024, the Group's efficiency increased steadily, achieving net profit attributable to the Bank's shareholders of 19.191 billion yuan, an increase of 0.25% over the previous year. Operating revenue was $53.569 billion, up 4.52% year on year, including net interest income of 34.960 billion yuan, down 4.55% year on year, mainly due to factors such as declining interest rates. The return on the asset side declined, and the net interest spread continued to narrow. The net interest spread for the first quarter was 1.70%, down 17 bps year on year; net non-interest income was 18.609 billion yuan, up 2 year on year
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