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The latest announcement is out from Chongqing Rural Commercial Bank Co ( (HK:3618) ).
Chongqing Rural Commercial Bank Co., Ltd. has successfully completed the issuance of RMB1 billion sci-tech innovation bonds in the national inter-bank bond market. The 5-year fixed-rate bonds, with a coupon rate of 1.88%, aim to support the sci-tech innovation sector, facilitating the issuance of sci-tech loans and investments, thereby enhancing the bank’s commitment to innovation-driven financial services.
The most recent analyst rating on (HK:3618) stock is a Buy with a HK$7.55 price target. To see the full list of analyst forecasts on Chongqing Rural Commercial Bank Co stock, see the HK:3618 Stock Forecast page.
More about Chongqing Rural Commercial Bank Co
Chongqing Rural Commercial Bank Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, primarily engaged in providing financial services. The bank focuses on supporting the sci-tech innovation sector through financial products such as loans and investments in bonds issued by sci-tech innovation enterprises.
Average Trading Volume: 11,157,030
Technical Sentiment Signal: Buy
Current Market Cap: HK$80.64B
For a thorough assessment of 3618 stock, go to TipRanks’ Stock Analysis page.