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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China CITIC Bank Corporation Limited    998   CNE1000001Q4

CHINA CITIC BANK CORPORATION LIMITED

(998)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 11/26
3.38 HKD   +1.50%
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China CITIC Bank : ANNOUNCEMENT APPROVAL OF THE CBIRC ON THE CHANGE OF OFFICE AND RESIDENCE

08/03/2020 | 06:26am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 998)

ANNOUNCEMENT

APPROVAL OF THE CBIRC ON THE CHANGE OF OFFICE AND

RESIDENCE

References are made to the announcement of China CITIC Bank Corporation Limited (the "Bank") dated 26 March 2020 on the proposed amendments to the articles of association, the circular dated 29 May 2020 in connection with the First Extraordinary General Meeting of 2020 and the poll results announcement dated 14 July 2020 of the First Extraordinary General Meeting of 2020. The First Extraordinary General Meeting of 2020 of the Bank considered and approved the Proposal regarding the Proposed Change of Office and Residence and Amendments to the Related Terms of the Articles of Association of China CITIC Bank. The Bank filed an application to the China Banking and Insurance Regulatory Commission ("CBIRC") on the change of office and residence.

Recently, the Bank has received the Approval on the Change of Office and Residence of China CITIC Bank from CBIRC ( 中國銀保監會關於中信銀行變更住所的批覆》(CBIRC approval [2020] No. 478)), pursuant to which, CBIRC approved the change of the Bank's office and residence to 6-30/F and 32-42/F, Building No. 1, 10 Guanghua Road, Chaoyang District, Beijing.

By Order of the Board

China CITIC Bank Corporation Limited

LI Qingping

Chairperson

Beijing, the PRC

3 August 2020

As at the date of this announcement, the executive directors of the Bank are Ms. Li Qingping (Chairperson), Mr. Fang Heying (President), and Mr. Guo Danghuai; the non-executive directors are Mr. Cao Guoqiang, Ms. Huang Fang and Mr. Wan Liming; and the independent non-executive directors are Mr. He Cao, Ms. Chen Lihua, Mr. Qian Jun and Mr. Yan Lap Kei Isaac.

Disclaimer

China CITIC Bank Corporation Limited published this content on 03 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2020 10:26:18 UTC


© Publicnow 2020
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Financials
Sales 2020 199 B 30 226 M 30 226 M
Net income 2020 44 554 M 6 778 M 6 778 M
Net Debt 2020 - - -
P/E ratio 2020 3,36x
Yield 2020 7,16%
Capitalization 229 B 34 891 M 34 891 M
Capi. / Sales 2020 1,15x
Capi. / Sales 2021 1,08x
Nbr of Employees 53 703
Free-Float 23,6%
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Technical analysis trends CHINA CITIC BANK CORPORATION LIMITED
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 3,89 CNY
Last Close Price 2,93 CNY
Spread / Highest target 75,6%
Spread / Average Target 32,8%
Spread / Lowest Target -13,2%
EPS Revisions
Managers
NameTitle
He Ying Fang President, GM, CFO & Executive Director
Qing Ping Li Chairman
Cheng Liu Chairman-Supervisory Board
Gang Li Member-Supervisory Board & GM-Audit
Guo Qiang Cao Non-Executive Director