External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Credit

<ul>
<li>While the market appears to have just spotted the name of China Huarong (Huraong) would be changed to CITIC Financial AMC, Huarong indeed made 4 announcements last night.</li>
<li>In addition to name change, Huarong announced: the acquisition of 5.01% stakes in CITIC Ltd. (267 HK) for HKD13.6bn from CITIC Group. CITIC Ltd. is currently 58.1% owned by CITIC Group;</li>
<li>the completion of disposals of 5 out of 8 non-core assets. The realized consolidated gain from these disposals is RMB3.5bn.</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


While the market appears to have just spotted the name of China Huarong (Huraong) would be changed to CITIC Financial AMC, Huarong indeed made 4 announcements last night.
In addition to name change, Huarong announced: the acquisition of 5.01% stakes in CITIC Ltd. (267 HK) for HKD13.6bn from CITIC Group. CITIC Ltd. is currently 58.1% owned by CITIC Group;
the completion of disposals of 5 out of 8 non-core assets. The realized consolidated gain from these disposals is RMB3.5bn.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hong Kong

CITIC Limited operates in a range of business activities including financial services, resources and energy, manufacturing, real estate and infrastructure, engineering contracting and other businesses in China and overseas.

Citic Ltd (267 HK)

HRINTH: What are behind the name change?

While the market appears to have just spotted the name of China Huarong (Huraong) would be changed to CITIC Financial AMC, Huarong indeed made 4...

CMB International