Wednesday, March 9, 2011
Construction Bank is expected to issue 9.0 billion A shares during the year.
<P>: Http:// Communications, China Construction Bank Chairman Guo Shuqing said here on 27, if the market is normal, CCB will issue 90 billion yuan during the year A shares to raise capital adequacy ratio of China Construction Bank, increase financing channels .and to establish a good image in the Mainland. .</ P> <P> Guo Shuqing, China Construction Bank in the 2007 interim results conference, said he hoped that A shares are reasonably priced, and H share prices do not go too far and can take into account the new and old shareholders. .He also said that CCB is actively seeking to mainland residents to invest in overseas securities markets offer business, the second batch is expected to start this business to become one of the banks. .Construction Bank, the business will become a new profit growth point. .</ P> <P> the first half of this year, China Construction Bank net profit of more than 34.2 billion yuan, an increase of 47.5% and earnings per share RMB0.15. .Guo Shuqing said that despite the excellent performance during the first half, but the CCB in the second half will continue to face inflation, exchange rate fluctuations in interest rates, high energy-consuming industries are facing macroeconomic regulation, capital market volatility and other challenges, for which CCB will further enhance the financial operations through the .management level and service level, strengthen risk control and other measures to deal with. .</ P> <P> Daily News under CCB, China Construction Bank to invest in U.S. subprime mortgage-related securities $ 1,062,000,000, accounting for foreign currency bonds of 2.75% of total investment, the current bond paper losses of about 1 billion yuan, accounting for the .half net profit of 0.3%. .Guo Shuqing said the subprime problem has limited impact on the Construction Bank of China's economy smaller. .</ P> <P> Pang Xiusheng CCB Chief Financial Officer added, for individual bonds are downgraded, and the current market value below cost, the CCB has been associated impairment, the next step without the possibility of a significant increase in provision .large, because there is no evidence that the risk of future cash flows occur. .</ P>.
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