China Construction Bank’s A Shares Issuance Approved by Shanghai Stock Exchange

China Construction Bank ( (HK:0939) ) just unveiled an update.

China Construction Bank Corporation has announced that its application to issue A shares to a specific target has been reviewed and approved by the Shanghai Stock Exchange. However, the issuance is still subject to the consent for registration from the China Securities Regulatory Commission, introducing some uncertainty regarding the final approval. The bank has committed to fulfilling its information disclosure obligations and advises investors to be cautious of potential investment risks.

The most recent analyst rating on (HK:0939) stock is a Buy with a HK$6.50 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 a major financial institution in the People’s Republic of China, operating within the banking industry. It offers a wide range of financial services, including corporate banking, personal banking, and treasury operations, with a significant focus on both domestic and international markets.

Average Trading Volume: 377,163,632

Technical Sentiment Signal: Buy

Current Market Cap: HK$1782B

For a thorough assessment of 0939 stock, go to TipRanks’ Stock Analysis page.