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PetroChina Company ( (HK:0857) ) has provided an update.
PetroChina Company Limited has entered into a 2026 Derivatives Framework Agreement with CNPC Finance, under which CNPC Finance will provide currency derivatives services, including various foreign exchange and interest rate products, to the group throughout 2026. As CNPC is PetroChina’s controlling shareholder and CNPC Finance is its subsidiary, the arrangement constitutes a continuing connected transaction under Hong Kong listing rules, triggering reporting, announcement and annual review requirements but exempting the company from issuing a circular or seeking independent shareholders’ approval. The agreement sets out pricing principles aligned with government benchmarks and prevailing market terms, with PetroChina required to benchmark CNPC Finance’s fees and terms against those of comparable independent financial institutions and to proceed only when conditions are equal to or better than market, thereby aiming to ensure arm’s‑length dealing and protect minority shareholders’ interests; historical usage in 2025 remained well below the approved annual cap, reflecting more subdued demand for swap transactions amid narrower interest rate spreads.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$10.00 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
More about PetroChina Company
PetroChina Company Limited is a major integrated oil and gas producer and distributor in China, engaged in the exploration, development, production and sale of crude oil and natural gas, as well as refining, chemicals and marketing of petroleum products. The company operates globally but is primarily focused on the Chinese market, where it plays a key role in the nation’s energy supply chain and related financial and risk management activities.
Average Trading Volume: 103,322,918
Technical Sentiment Signal: Buy
Current Market Cap: HK$1869.7B
Find detailed analytics on 0857 stock on TipRanks’ Stock Analysis page.