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The latest update is out from Weihai City Commercial Bank Co., Ltd. Class H ( (HK:9677) ).
Weihai Bank Co., Ltd. has completed the issuance of two tranches of onshore financial bonds totaling RMB6 billion in China’s national inter-bank bond market, comprising RMB2 billion in three-year green financial bonds and RMB4 billion in three-year financial bonds dedicated to loans for small and micro enterprises, both carrying a 1.85% coupon. Subject to relevant laws and regulatory approvals, the proceeds will be directed to projects classified under the Green Finance Support Project Catalogue (2025) and to expanding lending to small and micro businesses, underscoring the bank’s strategic push into green finance and inclusive finance while potentially strengthening its funding structure and role in supporting China’s policy priorities for sustainable development and SME financing.
More about Weihai City Commercial Bank Co., Ltd. Class H
Weihai Bank Co., Ltd. is a joint stock commercial bank incorporated in mainland China, focusing on providing banking and financing services, including bond issuance, to support green industries and small and micro enterprises. The bank is listed in Hong Kong as an H-share company but is not an authorized institution under Hong Kong’s Banking Ordinance and is not supervised by the Hong Kong Monetary Authority, nor permitted to conduct banking or deposit-taking business in Hong Kong.
Average Trading Volume: 1,491,865
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$18.3B
For an in-depth examination of 9677 stock, go to TipRanks’ Overview page.