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China Merchants Bank Co ( (HK:3968) ) has provided an update.
China Merchants Bank Co., Ltd. has successfully completed the issuance of RMB27.0 billion in undated Additional Tier 1 Capital Bonds, with a 2.05% coupon rate for the first five years. This strategic move aims to strengthen the bank’s capital base, potentially enhancing its competitive position in the banking industry and offering reassurance to stakeholders regarding its financial stability.
The most recent analyst rating on (HK:3968) stock is a Buy with a HK$38.58 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 prominent financial institution in the People’s Republic of China, primarily engaged in providing a wide range of banking services. The company focuses on retail and corporate banking, wealth management, and financial services, catering to both domestic and international markets.
Average Trading Volume: 23,884,572
Technical Sentiment Signal: Buy
Current Market Cap: HK$1208.8B
See more insights into 3968 stock on TipRanks’ Stock Analysis page.