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China Construction Bank Corporation (CICHF)
| Previous close | 0.6991 |
| Open | 0.7350 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 0.7053 - 0.7350 |
| 52-week range | 0.5000 - 0.7700 |
| Volume | |
| Avg. volume | 87,255 |
| Market cap | 179.886B |
| Beta (5Y monthly) | 0.41 |
| PE ratio (TTM) | 3.92 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.06 (7.85%) |
| Ex-dividend date | 05 Jul 2024 |
| 1y target est | N/A |
- Reuters
Porch 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.
- Simply Wall St.
Exploring Dividend Stocks In Hong Kong Including Three Noteworthy Picks
The Hong Kong market has recently been experiencing some turbulence, with the Hang Seng Index ending nearly flat last week due to concerns about a slowing recovery. Amid these uncertain times, dividend stocks can provide a steady income stream for investors. Given the current market conditions, it is crucial to consider stocks with strong fundamentals and consistent dividend payouts. This can offer a degree of stability and potential for long-term growth in an otherwise volatile environment.
- Reuters SG
UPDATE 2-China's CICC president steps down after less than six months
China International Capital Corp (CICC), one of China's biggest investment banks, said Wu Bo has stepped down as president less than half a year after taking office. CICC also said in a filing with the Hong Kong stock exchange on Wednesday that, effective immediately, 46-year-old Wu would no longer serve as chief financial officer or member of the management committee due to "work changes". China's oldest investment bank said the duties of president will be undertaken by Chairman Chen Liang, who joined CICC from smaller peer China Galaxy Securities late last year, and those of CFO will be handled by management committee member and CICC veteran Xu Yicheng.
