Bank of China Receives CSRC Approval for A-Share Offering

An announcement from Bank of China ( (HK:3988) ) is now available.

Bank of China Limited has received approval from the China Securities Regulatory Commission (CSRC) to register the offering of A-Shares to specified investors. This approval is valid for 12 months, and the bank is required to adhere strictly to the submitted application documents and offering plan. The Board of Directors will manage the offering process within the specified timeframe, ensuring compliance with relevant regulations and timely disclosure of information. This development is significant for the bank’s strategic financial operations and could impact its market positioning.

The most recent analyst rating on (HK:3988) stock is a Buy with a HK$4.20 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 in the People’s Republic of China, operating in the banking industry with a focus on providing a wide range of financial services including corporate banking, personal banking, and investment banking. It is listed on the Stock Exchange of Hong Kong and plays a significant role in the Chinese financial market.

Average Trading Volume: 347,607,092

Technical Sentiment Signal: Buy

Current Market Cap: HK$1680.4B

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