|Bid||11.220 x 0|
|Ask||11.240 x 0|
|Day's range||11.140 - 11.520|
|52-week range||11.140 - 19.200|
|Beta (5Y monthly)||0.92|
|PE ratio (TTM)||8.92|
|Forward dividend & yield||0.20 (1.74%)|
|Ex-dividend date||04 Jul 2023|
|1y target est||19.17|
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.
HONG KONG (Reuters) -Country Garden's shares hit a record low on Friday on fears that the Chinese property company is preparing for a debt restructuring, adding to concerns about the property sector outlook in the absence of stronger support from Beijing. The country's top private property developer, which had total liabilities of about $194 billion at the end of 2022, is expected to kick off a restructuring process soon, Chinese news outlet Yicai said, citing an unnamed financial source. Country Garden would be the latest to join a growing list of developers to kick-start a debt restructuring process - others including China Evergrande Group and Sunac China Holdings have already proposed such terms.