UPDATE 1-China's Baoshang Bank to be taken over by local govts, state firms [Reuters (UK)]
CHINA CONSTR BK UNSP/ADR (CICHY)
NASDAQ:AMEX Investor Relations:
ccb.com/en/newinvestor/index.html
Company Research
Source: Reuters
UPDATE 1-China's Baoshang Bank to be taken over by local govts, state firms - Reuters 3 Min Read (Adds details, background) By Rong Ma, Cheng Leng and Ryan Woo BEIJING, Jan 21 (Reuters) - China’s troubled Baoshang Bank will be taken over by local governments and a group of state firms, a central bank official with direct knowledge of the matter said, as Beijing looks to shore up some of the country’s weakest lenders. Financial regulators took control of Inner Mongolia-based Baoshang Bank last May, citing serious credit risks. That takeover rattled domestic markets, pushing up interbank funding costs for some smaller lenders and prompting the central bank to inject cash into the banking system to prevent contagion risks. The governments of China’s Inner Mongolia Autonomous Region and Baotou, a major city in the region, will lead the acquisition of at least a 50% stake in a reorganised Baoshang Bank, according to the official, who declined to be identified given the sensitivity of the m
Show less
Read more
Impact Snapshot
Event Time:
CICHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CICHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CICHY alerts
High impacting CHINA CONSTR BK UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CICHY
News
- China's Dollar Bond Sale Yields Almost Same as US Treasuries [Yahoo! Finance]Yahoo! Finance
- China's stimulus plans are choking the profitability of its megabanks, analysts say [CNBC]CNBC
- China Construction Bank Singapore Hosts Forum to promote Fintech and Sustainability at the Singapore FinTech Festival 2024 [Yahoo! Finance]Yahoo! Finance
- China Construction Bank Singapore Hosts Forum to promote Fintech and Sustainability at the Singapore FinTech Festival 2024PR Newswire
- China Market Update: Election Jitters As China Portfolio Managers Buy [Forbes]Forbes