Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Construction Bank Corporation    939   CNE1000002H1

CHINA CONSTRUCTION BANK CORPORATION

(939)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

China's central bank extends control of Baoshang Bank by six months

share with twitter share with LinkedIn share with facebook
05/23/2020 | 04:22am EDT

China's central bank said on Saturday said temporary control of Inner Mongolia-based Baoshang Bank will be extended by six months due to the novel coronavirus pandemic.

Chinese financial regulators took control of Baoshang in May last year citing "serious" credit risks, and have since approved Mengshang Bank and Huishang Bank to take over its assets and operations.

The People's Bank of China said in a statement regulators would extend control of Baoshang - initially set to last for up to a year - to Nov. 23. It added that Mengshang and Huishang's acquisition plans were proceeding in an orderly manner.

Baoshang Bank came to prominence after its key stakeholder Tomorrow Holdings was targeted in a government crackdown on systemic risks posed by financial conglomerates.

The rare takeover, the first in nearly two decades, also highlights the long struggle of some smaller regional lenders in China, which suffer from deteriorating asset qualities, inadequate capital buffers, and poor internal controls and corporate governance.

(Reporting by Brenda Goh; Editing by Shri Navaratnam)

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF CHINA LIMITED -0.36% 2.79 End-of-day quote.-16.22%
CHINA CONSTRUCTION BANK CORPORATION -0.95% 6.25 End-of-day quote.-7.13%
HUISHANG BANK CORPORATION LIMITED 1.16% 2.62 End-of-day quote.-8.39%
INNER MONGOLIA YILI INDUSTRIAL GROUP CO., LTD. -0.82% 35.16 End-of-day quote.13.64%
LETS HOLDINGS GROUP CO., LTD. -5.25% 11.37 End-of-day quote.88.25%
LOOK HOLDINGS INCORPORATED -3.31% 702 End-of-day quote.-43.93%
share with twitter share with LinkedIn share with facebook
Latest news on CHINA CONSTRUCTION BANK CO
07/09EXCLUSIVE : Chinese banks prepare contingency plans over threat of U.S. sanction..
RE
07/02CHINA CONSTRUCTION BANK CORPORATION : Ex-dividend day for final dividend
FA
06/28China plans to grant investment banking licenses to lenders - Caixin
RE
06/24CHINA CONSTRUCTION BANK : 24 Jun 2020US$2,000,000,000 2.45 per cent. Tier 2 Date..
PU
06/23CHINA CONSTRUCTION BANK : 23 Jun 2020Announcement on the Resolutions of the Meet..
PU
06/22Hang Seng Indexes Launches Gauges to Track Large-Cap Chinese Stocks
DJ
06/19CHINA CONSTRUCTION BANK : 19 Jun 2020VOTING RESULTS OF THE 2019 ANNUAL GENERAL M..
PU
06/18CHINA CONSTRUCTION BANK : 18 Jun 2020Announcement on the Resolutions of the Meet..
PU
06/11CHINA CONSTRUCTION BANK : Huawei Holds Global FSI Summit 2020 online
AQ
06/09China's troubled Baoshang rescue exposes fault lines in bank reform drive
RE
More news
Financials
Sales 2020 727 B 104 B 104 B
Net income 2020 274 B 39 078 M 39 078 M
Net Debt 2020 - - -
P/E ratio 2020 5,14x
Yield 2020 5,91%
Capitalization 1 420 B 203 B 203 B
EV / Sales 2019
Capi. / Sales 2020 1,95x
Nbr of Employees 347 156
Free-Float 98,4%
Chart CHINA CONSTRUCTION BANK CORPORATION
Duration : Period :
China Construction Bank Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA CONSTRUCTION BANK CO
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 7,19 CNY
Last Close Price 5,65 CNY
Spread / Highest target 55,4%
Spread / Average Target 27,3%
Spread / Lowest Target -7,76%
EPS Revisions
Managers
NameTitle
Gui Ping Liu Vice Chairman, President & General Manager
Guo Li Tian Chairman
Yong Qing Wang Chairman-Supervisory Board
Geng Sheng Zhang Executive Director & Executive Vice President
Carl Walter Independent Non-Executive Director
Sector and Competitors