Haitong Securities Faces Major Asset Impairments in 2024
Company Announcements

Haitong Securities Faces Major Asset Impairments in 2024

Haitong Securities Co (HK:6837) has released an update.

Haitong Securities Co., a major player in the Chinese financial sector, announced substantial asset impairments totaling RMB859.57 million for the third quarter of 2024. The company attributed these losses to credit impairments and other asset devaluations across various financial instruments, significantly impacting their earnings. This move reflects Haitong’s efforts to address credit risks and optimize asset management amid changing market conditions.

For further insights into HK:6837 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskHaitong Securities and Guotai Junan Plan Merger
TipRanks HongKong Auto-Generated NewsdeskHaitong Securities’ Success in 2024 Action Plan
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App