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China Minsheng Banking Corp Ltd (1988.HK)

1988.HK on Hong Kong Stock

5.60HKD
14 Aug 2018
Change (% chg)

HK$-0.01 (-0.18%)
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HK$5.61
Open
HK$5.60
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Volume
21,071,862
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35,356,158
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HK$7.79
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HK$5.39

Latest Key Developments (Source: Significant Developments)

China Minsheng Banking Corp Adjusts Conversion Prices Of Offshore & Domestic Preference Shares
Friday, 27 Jul 2018 

July 27 (Reuters) - China Minsheng Banking Corp Ltd <600016.SS>::ANNOUNCEMENT IN RELATION TO ADJUSTMENT ON CONVERSION PRICES OF OFFSHORE PREFERENCE SHARES AND DOMESTIC PREFERENCE SHARES.CONVERSION PRICE OF OFFSHORE PREFERENCE SHARES WILL BE ADJUSTED FROM HK$7.56 PER H SHARE TO HK$6.30 PER H SHARE.CONVERSION PRICE OF PROPOSED DOMESTIC PREFERENCE SHARES TO BE ADJUSTED FROM RMB8.79 PER A SHARE TO RMB7.33 PER A SHARE.  Full Article

Wintime Energy's Controlling Shareholder Signs Strategic Agreement With Five Banks
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Wintime Energy Co Ltd <600157.SS>::SAYS CONTROLLING SHAREHOLDER SIGNS STRATEGIC AGREEMENT WITH CHINA DEVELOPMENT BANK, CHINA CITIC BANK <<<601998.SS>>>0998.HK, CHINA MINSHENG BANKING <<<600016.SS>>>1988.HK, PING AN BANK <<<000001.SZ>>> AND BANK OF SHANGHAI <<<601229.SS>>>.SAYS THE STRATEGIC COOPERATION IS TO SUPPORT CAPITAL NEEDS AND TRANSFORMATION DEVELOPMENT OF CONTROLLING SHAREHOLDER AND ITS AFFILIATES.SAYS THE BANKS PLAN TO PROVIDE INTENT CREDIT LINE TO CONTROLLING SHAREHOLDER AND ITS AFFILIATES.  Full Article

Oceanwide Holdings' Units Plans Trust, To Apply For Fundraising
Thursday, 12 Jul 2018 

July 12 (Reuters) - Oceanwide Holdings Co Ltd <000046.SZ>::SAYS INVESTMENT MANAGEMENT UNIT PLANS TO INVEST UP TO 910 MILLION YUAN ($136.56 million) TO SET UP CAPITAL TRUST.SAYS ITS SUBSIDIARY CHINA TONGHAI INTERNATIONAL FINANCIAL TO APPLY FOR FUNDRAISING WORTH HK$1.0 BILLION ($127.42 million) FROM CHINA MINSHENG BANKING'S HONG KONG BRANCH.SAYS ITS PROPERTY UNIT PLANS TO APPLY FOR FUNDRAISING WORTH 4.3 BILLION YUAN FROM CHINA MINSHENG BANKING'S BEIJING BRANCH.  Full Article

China Minsheng Banking says change of accounting policy
Sunday, 29 Apr 2018 

April 29(Reuters) - China Minsheng Banking Co Ltd <600016.SS> ::Says it changed the accounting policy due to national policy requirement.  Full Article

China Minsheng Banking Corp Approves Plan Of Capital Reserve Capitalisation For 2017
Wednesday, 11 Apr 2018 

April 11 (Reuters) - China Minsheng Banking Corp Ltd ::APPROVED PLAN OF CAPITAL RESERVE CAPITALISATION FOR 2017.PLANS TO CAPITALISE CAPITAL RESERVE BY ISSUING SHARES TO HOLDERS OF A AND H SHARES AT 2 SHARES FOR EVERY 10 SHARES HELD.TOTAL NUMBER OF SHARES TO BE ISSUED BY CAPITALISATION OF CAPITAL RESERVE WILL BE 7,297 MILLION SHARES.APPLICATION TO BE MADE TO LISTING COMMITTEE OF STOCK EXCHANGE FOR APPROVAL FOR LISTING OF THE CAPITALISATION H SHARES.  Full Article

China Minsheng Banking Corp Says Co Issues Tier-Two Capital Bonds With An Amount Of RMB15 BLN
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - China Minsheng Banking Corp Ltd <600016.SS>::CHINA MINSHENG BANKING CORP - ISSUED TIER-TWO CAPITAL BONDS WITH AN AMOUNT OF RMB15 BILLION IN NATIONAL INTER-BANK BOND MARKET FOR A TERM OF 10 YRS.  Full Article

China Minsheng Banking to pay overseas preferred stock dividend of $79.1 mln
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - China Minsheng Banking Corp Ltd <600016.SS> ::Says it plans to pay overseas preferred stock dividend of $79.1 million in total to shareholders of record on Dec. 13.Dividend payment date is Dec. 14.  Full Article

Risesun Real Estate Development signs strategic cooperation agreement with China Minsheng Banking
Thursday, 23 Nov 2017 

Nov 23(Reuters) - Risesun Real Estate Development Co Ltd <002146.SZ>:Says it signed strategic cooperation agreement with China Minsheng Banking Corp Ltd <<<600016.SS>>> regarding financial business and service .  Full Article

China Minsheng Banking to sign agreement with Beijing firm on debt rights transfer
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - China Minsheng Banking Corp Ltd <600016.SS>1988.HK:Says it plans to sign agreement with Beijing asset management firm on debt rights transfer with debt book value worth 2.4 billion yuan ($362.07 million).  Full Article

Huaxia Life buys A-shares in China Minsheng Banking
Sunday, 12 Nov 2017 

Nov 12 (Reuters) - China Minsheng Banking Corp Ltd <600016.SS>1988.HK:Says Huaxia Life Insurance Co Ltd has bought 130.8 million A-shares in the company between Nov 6-9, taking its holdings in co's A+H shares to 4.13 percent.  Full Article

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China's banks embrace Communist Party committees in risk crackdown

BEIJING China's listed mid-tier and regional banks will face added pressure to curb risky activities following the formal establishment of Communist Party Committees at the lenders, bankers and analysts say.