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China Merchants Bank Co ( (HK:3968) ) has provided an update.
China Merchants Bank has completed the full redemption and delisting of its 275 million domestic preference shares, which were originally issued in December 2017 and raised RMB27.5 billion. The bank paid a total of RMB27.822 billion, covering the nominal value and accrued dividends up to 14 April 2026, to all registered holders via the Shanghai branch of China Securities Depository and Clearing Corporation.
Following confirmation from the Shanghai depository, the domestic preference shares were formally cancelled on 15 April 2026, marking the completion of their redemption and removal from listing. This move simplifies the bank’s capital structure by retiring a high-cost tier of capital and may signal an adjustment in its capital management strategy, with implications for future funding mix and returns to shareholders.
The most recent analyst rating on (HK:3968) stock is a Buy with a HK$53.50 price target. To see the full list of analyst forecasts on China Merchants Bank Co stock, see the HK:3968 Stock Forecast page.
More about China Merchants Bank Co
China Merchants Bank Co., Ltd. is a joint stock commercial bank incorporated in the People’s Republic of China with limited liability and listed in Hong Kong via its H shares. The bank provides a broad range of banking and financial services, serving corporate and retail customers in mainland China and the Hong Kong market as part of China’s large national banking sector.
Average Trading Volume: 15,954,677
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1179.1B
See more insights into 3968 stock on TipRanks’ Stock Analysis page.