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The latest update is out from China Minsheng Banking ( (HK:1988) ).
China Minsheng Banking Corp., Ltd. has successfully issued RMB30 billion in undated capital bonds, following approval from the National Financial Regulatory Administration and the People’s Bank of China. The bonds, with a phased adjustable coupon rate, will be used to replenish the bank’s other tier-one capital, potentially enhancing its financial stability and market position.
The most recent analyst rating on (HK:1988) stock is a Hold with a HK$2.65 price target. To see the full list of analyst forecasts on China Minsheng Banking stock, see the HK:1988 Stock Forecast page.
More about China Minsheng Banking
China Minsheng Banking Corp., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, operating within the banking industry. The company focuses on providing a range of financial services and products, with a significant presence in the national inter-bank bond market.
YTD Price Performance: 32.85%
Average Trading Volume: 40,179,212
Technical Sentiment Signal: Buy
Current Market Cap: HK$223.6B
Find detailed analytics on 1988 stock on TipRanks’ Stock Analysis page.