Bank of Gansu Advances Convertible Negotiated Deposit Initiative
Bank of Gansu Co., Ltd. has announced progress on its convertible negotiated deposit initiative to replenish tier-one capital. The bank has signed an agreement with the Gansu Province Department of Finance, aligning with previous terms. This move aims to strengthen the bank's capital base and enhance financial stability, potentially improving its market position. The bank operates in the financial industry but is not authorized for banking in Hong Kong. Current market cap is HK$3.84B with an average trading volume of 2,268,328.
Bank of Gansu Co., Ltd. Class H ( (HK:2139) ) has provided an announcement.
Bank of Gansu Co., Ltd. has announced the progress on its initiative to commence a convertible negotiated deposit business aimed at replenishing other tier-one capital. The bank has entered into an agreement with the Department of Finance of Gansu Province, aligning with the terms set out in their earlier circular. This development is expected to strengthen the bank’s capital base and enhance its financial stability, potentially impacting its market positioning positively.
More about Bank of Gansu Co., Ltd. Class H
Bank of Gansu Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. It operates within the financial industry, focusing on banking services. The company is not authorized to carry on banking or deposit-taking business in Hong Kong and is not subject to the supervision of the Hong Kong Monetary Authority.
Average Trading Volume: 2,268,328
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.84B
