日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
China Merchants Bank plans more overseas branches
Adjust font size:

China Merchants Bank (CMB), the country's sixth largest, will use part of the money to be raised in a share issuing plan at Shanghai and Hong Kong bourses to set up overseas branches, China Daily reported Saturday.

The CMB said in a statement on Friday that it expected to raise 15 billion to 18 billion yuan through a rights issue of Hong Kong-listed H shares and Shanghai-listed A shares to boost its capital adequacy ratio.

It said it would issue no more than two shares for every 10 shares held by existing A-share and H-share holders, the newspaper reported. The share issuance is likely to be finished between the end of 2009 and early 2010, according to its statement.

The money would be used to open new overseas branches, train employees and improve CMB's IT system, the bank's president Ma Weihua was quoted as saying. The fund would not go for overseas merger and acquisition activities, he added.

The commercial lender is planning to launch a branch in London in the near future after it set up a representative office in the city last month.

CMB's spokeswoman Guo Xiaoli said Friday that there was still no timetable for it so far.

The bank aims to raise its core capital adequacy ratio to 8 percent from about 6.5 percent as of March end of this year.

(Xinhua News Agency July 15, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 鄄城县| 陆丰市| 淮北市| 克什克腾旗| 伽师县| 永德县| 盖州市| 沐川县| 芷江| 都昌县| 石狮市| 舞阳县| 慈利县| 定西市| 那坡县| 闽侯县| 永寿县| 大冶市| 延寿县| 永德县| 离岛区| 荔浦县| 曲水县| 天全县| 连平县| 崇义县| 杭锦旗| 清水县| 吴川市| 陆川县| 集安市| 堆龙德庆县| 石景山区| 怀仁县| 石林| 无为县| 新巴尔虎左旗| 德化县| 和平县| 罗定市| 耿马|