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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Minsheng Banking Corp.    600016   CNE0000015Y0

CHINA MINSHENG BANKING CORP.

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China Minsheng Banking : Bank Says a Company Executive Is Under Investigation by Police

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04/19/2017 | 01:14am EST
   By Chuin-Wei Yap 
 

BEIJING--China Minsheng Banking Corp. said Wednesday one of its executives is under a police investigation on suspicion of "illegal conduct."

Minsheng has set up a team to work with police in their investigation of Zhang Ying, president of the Hangtianqiao sub-branch of the bank's Beijing outpost, Minsheng Chairman Hong Qi said in a statement.

The bank referred to local media reports that cited alleged theft of billions of yuan used to improperly extend loans, but declined to confirm "the amount involved and the specific facts of the case," pending the ongoing probe.

Minsheng, which is non-state-owned, said it was continuing business operations as usual.

Write to Chuin-Wei Yap at chuin-wei.yap@wsj.com

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Financials (CNY)
Sales 2019 165 B
EBIT 2019 85 493 M
Net income 2019 53 219 M
Debt 2019 -
Yield 2019 3,19%
P/E ratio 2019 4,93
P/E ratio 2020 4,61
Capi. / Sales 2019 1,82x
Capi. / Sales 2020 1,72x
Capitalization 300 B
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Technical analysis trends CHINA MINSHENG BANKING COR
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 21
Average target price 5,98  CNY
Spread / Average Target -0,41%
EPS Revisions
Managers
NameTitle
Wan Chun Zheng President & Executive Director
Qi Hong Chairman
Jun Tong Zhang Chairman-Supervisory Board
Dan Bai Chief Financial Officer & Secretary
Yong Hao Liu Vice Chairman
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