Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
China Construction Bank ( (HK:0939) ) has provided an announcement.
China Construction Bank has announced that its subsidiary CCB Housing Services Co., Ltd. has withdrawn application materials for the planned CCB Home Rental Housing Property Closed-end Infrastructure Securities Investment Fund, a public REITs product backed by government-subsidised rental housing assets, leading regulators to terminate their review of the project. The bank said the move is aimed at consolidating project resources and optimising operational management, and emphasised that ending the review will not negatively impact its business operations or financial condition, suggesting limited immediate financial or strategic disruption for stakeholders despite a pause in this specific capital-markets initiative.
The most recent analyst rating on (HK:0939) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on China Construction Bank stock, see the HK:0939 Stock Forecast page.
More about China Construction Bank
China Construction Bank Corporation is one of China’s largest state-owned commercial banks, operating across corporate banking, retail banking and financial markets. Through its subsidiaries, it also engages in specialised areas such as housing services and infrastructure-related financial products, including securitisation and real estate investment vehicles, with a focus on supporting government-backed housing initiatives.
Average Trading Volume: 244,024,183
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$2079.7B
Find detailed analytics on 0939 stock on TipRanks’ Stock Analysis page.