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Agricultural Bank of China ( (HK:1288) ) has shared an update.
Agricultural Bank of China Limited has announced the redemption of its 2020 undated additional tier 1 capital bonds, which were initially issued in May 2020 with a total size of RMB85.0 billion. The redemption, approved by the National Financial Regulatory Administration, reflects the bank’s strategic financial management and may impact its capital structure and financial stability, potentially influencing stakeholders’ confidence and the bank’s market positioning.
The most recent analyst rating on (HK:1288) stock is a Hold with a HK$4.80 price target. To see the full list of analyst forecasts on Agricultural Bank of China stock, see the HK:1288 Stock Forecast page.
More about Agricultural Bank of China
Agricultural Bank of China Limited is a major financial institution in China, primarily engaged in providing a wide range of banking services. It operates within the financial industry, focusing on commercial banking services, including corporate and personal banking, treasury operations, and asset management.
Average Trading Volume: 175,420,010
Technical Sentiment Signal: Buy
Current Market Cap: HK$2053B
Learn more about 1288 stock on TipRanks’ Stock Analysis page.