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China Merchants Bank Co ( (HK:3968) ) has shared an announcement.
China Merchants Bank Co., Ltd. announced its plan to invest RMB15.0 billion to establish a wholly-owned financial asset investment company. This strategic move aligns with the company’s business development goals, aiming to enrich its operating licenses and improve its service capabilities in the real economy. The investment is subject to regulatory approvals and is not expected to significantly impact the company’s financial position or operating results.
More about China Merchants Bank Co
China Merchants Bank Co., Ltd. operates as a joint stock company in the financial services industry, focusing on banking and investment services. It is incorporated in the People’s Republic of China and aims to enhance its integrated operations in investment and commercial banking.
Average Trading Volume: 25,644,689
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1118.4B
Learn more about 3968 stock on TipRanks’ Stock Analysis page.