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Bank of China ( (HK:3988) ) has issued an update.
Bank of China Limited has received approval from the National Financial Regulatory Administration to increase its registered capital by RMB27.8 billion, following the issuance of over 27 billion A Shares to a specified investor. This capital increase, raising the total registered capital to over RMB322 billion, signifies a strategic move to bolster the bank’s financial strength and enhance its operational capabilities, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (HK:3988) stock is a Buy with a HK$5.92 price target. To see the full list of analyst forecasts on Bank of China stock, see the HK:3988 Stock Forecast page.
More about Bank of China
Bank of China Limited is a major financial institution incorporated in the People’s Republic of China, providing a wide range of banking and financial services. It operates in the banking industry and focuses on offering services such as corporate banking, personal banking, and financial markets services, with a significant presence in both domestic and international markets.
Average Trading Volume: 235,237,731
Technical Sentiment Signal: Buy
Current Market Cap: HK$1915.4B
See more insights into 3988 stock on TipRanks’ Stock Analysis page.