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    939   CNE1000002H1

CHINA CONSTRUCTION BANK CORPORATION

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China Construction Bank Corporation Announces on the Approval of Issuance of the Domestic Tier-2 Capital Bonds

07/29/2021 | 04:39am EDT

As considered and approved at the First Extraordinary General Meeting of 2020 of China Construction Bank Corporation (the "Bank") held on 12 November 2020, the Bank proposed to issue qualified write-down tier-2 capital instruments. The term of validity of the resolution is from the date of approval by the shareholders' general meeting to 31 March 2022. The Bank has recently received the Approval from the China Banking and Insurance Regulatory Commission in respect of the Issuance of Tier-2 Capital Bonds by China Construction Bank (Yin Bao Jian Fu [2021] No. 552) and the Affirmative Decision on Administrative Approval from the People 's Bank of China (Yin Xu Zhun Yu Jue Zi [2021] No. 110), pursuant to which the Bank has been approved to publicly issue tier-2 capital bonds of an amount not exceeding RMB145 billion in the domestic inter-bank bond market. The Bank will perform its obligation of information disclosure regarding the issuance of tier- 2 capital bonds in accordance with relevant regulatory requirements. After the completion of the issuance, the tier-2 capital bonds will be traded and circulated in the domestic inter-bank bond market pursuant to relevant regulations.


ę S&P Capital IQ 2021
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Analyst Recommendations on CHINA CONSTRUCTION BANK CORPORATION
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Financials
Sales 2021 786 B 122 B 122 B
Net income 2021 289 B 44 683 M 44 683 M
Net Debt 2021 - - -
P/E ratio 2021 3,90x
Yield 2021 7,70%
Capitalization 1 135 B 176 B 176 B
Capi. / Sales 2021 1,44x
Capi. / Sales 2022 1,34x
Nbr of Employees 370 093
Free-Float 98,4%
Chart CHINA CONSTRUCTION BANK CORPORATION
Duration : Period :
China Construction Bank Corporation Technical Analysis Chart | 939 | CNE1000002H1 | MarketScreener
Technical analysis trends CHINA CONSTRUCTION BANK CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 24
Last Close Price 4,49 CNY
Average target price 6,70 CNY
Spread / Average Target 49,4%
EPS Revisions
Managers and Directors
Jiang Wang Vice Chairman & President
Guo Li Tian Chairman
Yong Qing Wang Chairman-Supervisory Board
Pan Shi Jin Chief Information officer
Kenneth Patrick Chung Independent Non-Executive Director
Sector and Competitors