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China Construction Bank Corporation (CICHF)
| Previous close | 0.0000 |
| Open | 0.7200 |
| Bid | 0.6539 x 0 |
| Ask | 0.7339 x 0 |
| Day's range | 0.7200 - 0.7200 |
| 52-week range | 0.5000 - 0.7800 |
| Volume | |
| Avg. volume | 123,679 |
| Market cap | 174.544B |
| Beta (5Y monthly) | 0.36 |
| PE ratio (TTM) | 3.61 |
| EPS (TTM) | 0.1800 |
| Earnings date | 28 Aug 2024 - 04 Sept 2024 |
| Forward dividend & yield | 0.06 (8.57%) |
| Ex-dividend date | 05 Jul 2024 |
| 1y target est | N/A |
- Reuters SG
WRAPUP 1-China central bank surprises by lending again at lower rates
China's central bank surprised markets for a second time this week by conducting an unscheduled lending operation on Thursday at steeply lower rates, suggesting authorities are trying to provide heavier monetary stimulus to prop up the economy. The medium-term lending facility (MLF) operation comes after the central bank cut several benchmark lending rates on Monday, just days after a top leadership meeting, which had outlined other major reforms. The People's Bank of China (PBOC) issued 200 billion yuan ($27.5 billion) in one-year loans under its MLF at 2.30%, down 20 basis points from its previous MLF loan, the bank said in a statement.
ReutersPorch sues China Construction Bank in US over reinsurance fraud losses
Porch and its units accused the Chinese lender of conspiring with employees of the now bankrupt Israeli insurance firm Vesttoo to issue dozens of fake reinsurance letters of credit that guaranteed insurance companies access to reinsurance funds, according to a complaint filed to the U.S. Southern District Court of New York on Thursday. Porch and its unit, the Homeowners of America Insurance Co, paid tens of millions of dollars in premiums for this non-existent reinsurance until it emerged in July 2023 that certain letters of credit backstopping Vesttoo's reinsurance transactions were fake, the company said.
PR Newswire AsiaCCB Singapore Promotes eCNY and Green Finance in Partnership with Business China's Advanced Leaders Programme 2024
China Construction Bank Corporation ("CCB" or the "Group") Singapore Branch ("CCB Singapore") , as the Market Knowledge Partner, organized two themed events in China for Business China's Advanced Leaders Programme ("ALP") in late April.
