China Construction Bank Approves A Share Issuance to Ministry of Finance

The latest update is out from China Construction Bank ( (HK:0939) ).

China Construction Bank (CCB) held a board meeting on March 30, 2025, where it approved resolutions related to the issuance of A shares to a specific target. The board confirmed that the bank meets the conditions for issuing these shares, which will be subscribed by the Ministry of Finance of the People’s Republic of China. The issuance plan includes details such as the type, par value, and pricing of the shares, with the issuance price set at RMB9.27 per share. This move is expected to strengthen CCB’s capital base and enhance its financial stability, potentially impacting its market position positively.

More about China Construction Bank

China Construction Bank Corporation (CCB) is a leading financial institution in China, primarily involved in providing a range of banking services including corporate banking, personal banking, and treasury operations. The bank is a major player in the Chinese financial market, focusing on both domestic and international banking services.

YTD Price Performance: 7.25%

Average Trading Volume: 34,543

Technical Sentiment Signal: Sell

Current Market Cap: $218.3B

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