Previous close | 9.140 |
Open | 9.140 |
Bid | 9.280 x 0 |
Ask | 9.300 x 0 |
Day's range | 9.120 - 9.450 |
52-week range | 8.560 - 19.200 |
Volume | |
Avg. volume | 13,703,682 |
Market cap | 118.555B |
Beta (5Y monthly) | 0.88 |
PE ratio (TTM) | 7.31 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.20 (2.14%) |
Ex-dividend date | 04 Jul 2023 |
1y target est | N/A |
Chinese brokerages, including state-owned behemoth China International Capital Corp (CICC), have restricted the amount of cross-border swap transactions domestic investors can undertake, as authorities seek to defend the weak stock market, according to six sources familiar with the matter. Since Monday, domestic CICC clients cannot add new positions via total return swaps, to make overseas investments, as the broker seeks to limit its derivatives book, said the sources. Three sources said at least three other major Chinese state brokerages have taken a similar approach.
China International Capital Corp (CICC), the country's third-largest investment bank by market value, has told analysts not to publish bearish views on China's economy or its financial markets, according to an internal memo seen by Reuters. The memo, which was sent to the bank's research department, also told them to refrain from commenting on issues that are not in line with government policies. Additionally, staff at the state-owned investment bank have been asked to not wear luxury brands or disclose their pay.
Securities firm China International Capital Corp sees increased opportunities in Brazil for cross-border deals and may consider opening an office in the country, Lindsay Lin, CICC's Head of Americas, said in an interview at the Reuters NEXT conference in New York. China is Brazil's largest trading partner, however Chinese investments in Brazil fell 78% in 2022, the Brazil-China Business Council (CEBC) said in August. "We believe that more Chinese investment will be willing to ... invest into the Latin America region, especially in Brazil," said Lin.