Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

Bank of China, Shinhan, Tianjin: Asia Ex-Japan Equity Preview
Published on: 2011-10-11
Share to
User Rating: / 0
PoorBest 
alt


The following companies may have unusual price changes today in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.

Chinese Banks: Central Huijin Investment Co. said it began buying shares in Industrial and Commercial Bank of China Ltd. (3988) (1398 HK), China Construction Bank Corp. (939) (939 HK), Agricultural Bank of China Ltd. (1288) (1288 HK) and Bank of China Ltd. (3988 HK) from yesterday. The company, which holds the government’s stakes in the nation’s largest banks, said on its website that it will continue with “related market operations,” without giving more details.

ICBC rose 1 percent to HK$4.04, China Construction Bank fell 0.2 percent to HK$4.83, Agricultural Bank rose 1.9 percent to HK$2.65 and Bank of China advanced 2.1 percent to HK$2.46.

Hang Seng Bank Ltd. (11) (11 HK): The Hong Kong lender will appoint Anita Fung, Hong Kong’s chief executive officer of the Hongkong and Shanghai Banking Corp., as non-executive director, effective Nov. 1, according to a statement to the city’s stock exchange. Hang Seng also appointed Andrew Fung, the lender’s general manager, as an executive director, it said. Hang Seng climbed 0.2 percent to HK$92.90.

HSBC Holdings Plc (5) (5 HK): Europe’s largest bank said it agreed through its HSBC Credit Zrt. subsidiary to sell about 94 percent of its Hungarian consumer finance portfolio to Cofidis Magyarországi Fióktelepe, known as Cofidis. HSBC was unchanged at HK$61.60.

KB Financial Group Inc. (105560) (105560 KS): The owner of South Korea’s largest lender said the National Pension Service of South Korea became its largest shareholder. The pension fund holds a 6.12 percent stake in the company, according to a regulatory filing by KB. The stock declined 1.8 percent to 41,200 won.

Shinhan Financial Group Co. (055550 KS): Shinhan Bank, the lending unit of South Korea’s largest financial services company by market value, signed a $120 million so-called club loan with three banks, according to a person familiar with the matter. Shinhan Financial also said the National Pension Service of South Korea became its largest shareholder. The pension fund holds a 7.09 percent stake in the company, according to a regulatory filing by Shinhan Financial. The stock retreated 2.9 percent to 43,500 won.

Tianjin FAW Xiali Automobile Co. (000927 CH): The Chinese automaker sold 20,520 vehicles in September, down 3.6 percent from a year earlier, it said in a statement to the Shenzhen Stock Exchange. Tianjin slid 0.7 percent to 7.29 yuan.

Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2022 BusinessTianjin.com. All rights reserved.