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The latest announcement is out from China Merchants Bank Co ( (HK:3968) ).
China Merchants Bank Co., Ltd. has received approval from the National Financial Regulatory Administration to commence business operations for its new subsidiary, China Merchants Bank Financial Asset Investment Co., Ltd., with a registered capital of RMB15.0 billion. This strategic move aims to enhance the company’s operational capabilities by conducting market-based debt-to-equity swaps and pilot operations in equity investments, thereby driving high-quality development and supporting technological innovation.
The most recent analyst rating on (HK:3968) stock is a Buy with a HK$60.00 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. operates in the financial services industry, focusing on banking and investment services. It is known for providing a range of financial products and services, including market-based debt-to-equity swaps and equity investments, aiming to enhance synergies between industry and finance.
Average Trading Volume: 17,510,775
Technical Sentiment Signal: Buy
Current Market Cap: HK$1213.5B
See more insights into 3968 stock on TipRanks’ Stock Analysis page.