Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
HSBC's shareholding increase in BoCom expected
Adjust font size:

HSBC will possibly increase its shares in the Bank of Communications of China (BoCoM) within one year, BoCoM Chairman Jiang Chaoliang said yesterday.


HSBC bought 19.9 percent of the shares of BoCoM in August 2004 and became the bank's second largest shareholder. BoCoM issued its A-shares this May and HSBC's stake was diluted to 18.6 percent. "All problems involving raising shares have been solved and we are just waiting for opinions from the management team of HSBC," Jiang said. He believed that HSBC would have a positive outlook on its stock expansion.


HSBC needs to increase 637 million shares of BoCoM to hit the 19.9 percent proportion it held in 2004, based on the current share capital of BoCoM. Jiang did not detail the prices and ways of raising the stock. H-shares of BoCoM jumped 7.13 percent to close at 11.72 Hong Kong dollars on October 18 and its A-shares tumbled 3.64 percent to close at 14.82 yuan yesterday.


For more details, please read the full story in Chinese (

(, by Yang Xi, October 19, 2007)




Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Macao's gaming market expands further
-Online operators are on top of the game
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- 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?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号