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HKG:1988

9 stories mentioning HKG:1988Updated 1d ago

Every FINWIRES story that references HKG:1988, newest first.

Asia

Jointown Pharmaceutical Plans Up to 2.2-Billion-Yuan Factoring

Jointown Pharmaceutical (SHA:600998) plans to launch up to 2.2 billion yuan in non-recourse accounts receivable factoring with China Minsheng Bank (SHA:600016, HKG:1988), using an up to three-year revolving facility.The deal may involve credit enhancement from controlling shareholder Chuchang Investment, making it a related-party transaction, according to a Wednesday filing with the Shanghai bourse.Shares of the pharmaceutical company rose 2% in recent trade.

HKG:1988SHA:600016SHA:600998
Asia

China Minsheng Banking Issues 15 Billion Yuan Green Bonds

China Minsheng Banking (SHA:600016, HKG:1988) raised 15 billion yuan from issuing green bonds with a three-year term and a coupon rate of 1.50%.Proceeds will finance green industry projects, according to a Tuesday filing with the Shanghai bourse.Shares of the lender were down 1% in recent trade.

HKG:1988SHA:600016
Asia

Huaneng Power Completes Issuance of 3 Billion Yuan of 99-Day Bonds

Huaneng Power International (SHA:600011, HKG:0902) completed the issuance of up to 3 billion yuan of 99-day debts, according to a Thursday disclosure to the Shanghai bourse.The bonds carry an interest rate of 1.34%.Industrial Bank (SHA:601166), China Minsheng Banking (HKG:1988, SHA:600016), and Agricultural Bank of China (HKG:1288, SHA:601288) were the lead underwriters.

HKG:0902HKG:1288HKG:1988SHA:600011SHA:600016SHA:601166SHA:601288
Asia

East Money Information to Provide Guarantee of Up to 4 Billion Yuan to Subsidiary

East Money Information (SHE:300059) agreed to provide an irrevocable joint and several liability guarantee of up to 4 billion yuan to its subsidiary, Shanghai Tiantian Fund Sales, according to a Shenzhen bourse on Wednesday.The Chinese financial services provider's shares slipped 1% during morning trade on Thursday.The guarantee will be for a credit facility that Tiantian will apply at China Minsheng Banking (SHA:600016, HKG:1988).

HKG:1988SHA:600016SHE:300059
Asia

Datang International Power Raises 2 Billion Yuan for Working Capital, Debt Repayment

Datang International Power Generation (HKG:0991, SHA:601991) issued 2 billion yuan worth of super short-term financing bonds, the sixth tranche of such debt issued by the company this year, according to a Shanghai bourse filing on Tuesday.The notes carry a coupon rate of 1.35% and mature in 120 days.China Minsheng Banking (SHA:600016, HKG:1988) is the lead underwriter and bookrunner of the issuance.The proceeds will be used to supplement the company's working capital and repay debt.The power company's Hong Kong shares fell 2% during the midday trade.

HKG:0991HKG:1988SHA:600016SHA:601991
Asia

Sinomine Resource to Receive 300 Million Yuan in Guarantees from Subsidiary for Credit Facility; Shares Down 7%

Sinomine Resource Group's (SHE:002738) subsidiary, China Mining Resources (Jiangxi) New Materials, agreed to provide guarantees of up to 300 million yuan to the company for a credit facility of the same amount, according to a Shenzhen bourse filing on Saturday.The Chinese mining company's shares dipped 7% during Monday's afternoon trade.The company will apply the credit at China Minsheng Banking (SHA:600016, HKG:1988).The guarantee is valid for three years from the date the debt repayment obligation becomes due.

HKG:1988SHA:600016SHE:002738
Asia

China Minsheng Banking's Q1 Profit Slips 10%, Revenue Rises 3%

China Minsheng Banking's (SHA:600016, HKG:1988) net profit attributable to holders in the first quarter slipped 9.6% to 11.5 billion yuan from 12.7 billion yuan a year earlier, according to a Hong Kong bourse filing on Wednesday.The lender's Hong Kong shares dropped less than 5% and Shanghai shares slipped 1% at the close of Thursday's trade.Earnings per share fell year on year to 0.26 yuan from 0.29 yuan.Operating income rose 2.7% to 37.8 billion yuan from 36.8 billion yuan in the previous year.

HKG:1988SHA:600016
Asia

China Minsheng Banking's Profit Climbs 5.4% in 2025

China Minsheng Banking (SHA:600016, HKG:1988) recorded an attributable profit of 30.6 billion yuan in 2025, down 5.4% from 32.3 billion yuan a year prior, according to the lender's annual report filed with the Hong Kong bourse Monday.Earnings per share slipped to 0.63 yuan from 0.64 yuan in 2024.Operating income rose 4.9% to 139.7 billion yuan from 133.1 billion yuan in the prior-year period.The bank proposed a cash dividend of 0.53 yuan per 10 shares for the year, payable subject to shareholder approval.

HKG:1988SHA:600016
Asia

China Minsheng Banking Issues 30 Billion Yuan Tier 2 Capital Bonds

China Minsheng Banking (SHA:600016, HKG:1988) issued Tier 2 capital bonds amounting to 30 billion yuan, according to a Shanghai bourse filing on Wednesday.The 10-year fixed-rate bonds have a coupon rate of 2.13%, with a conditional issuer call option at the end of the fifth year.Proceeds from the issuance will be used to supplement the lender's Tier 2 capital.The bank's Hong Kong shares slipped 1% during the morning trade.

HKG:1988SHA:600016

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