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China Vanke (02202) applied for a loan totaling RMB 4.1 billion from Postal Savings Bank of China.
China Vanke (02202) announced that the company has applied for a loan of CNY 4.1 billion from Postal Savings Bank of China Shenzhen Branch (PSBC) to fulfill its operational needs. The company's holding subsidiaries provided guarantees for the loans by mortgaging their project assets.
Express News | China Vanke Says Unit Will Use Project Assets, Others as Collateral
Express News | China Vanke Says It Applies for Loans Totaling 4.1 Bln Yuan From Postal Savings Bank of China
Banks stocks fall generally, Weihai Bank (09677) falls 3.75%, it's rumored that the mainland is planning to prohibit banks from selling privately placed products through third-party channels.
Jingu Finance News | Bank stocks fell across the board, Weihai Bank (09677) fell 3.75%, Postal Savings Bank of China (01658) fell 2.23%, Dongguan Rural Commercial Bank (09889) fell 2.05%, Bank of Communications (03328) fell 1.7%, China Construction Bank Corporation (00939) fell 1.62%. According to reports citing insiders, the China Banking and Insurance Regulatory Commission is seeking feedback on proposed changes to the rules that prohibit commercial banks from selling private equity funds in disguise. Banks have been the key distributors of private equity funds for many years, and investors use trust products sold through banks as a means to invest in these private equity funds.
Postal Savings Bank of China (01658) will distribute a final dividend of HKD 2.61 per 10 shares on August 8th.
Postal Savings Bank of China (01658) announced that it will distribute dividends as of December 31, 2023 on August 8, 2024...
PSBC: NOTICE OF THE 2023 ANNUAL GENERAL MEETING
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