Hua Xia Bank Co., Limited
SHA:600015 ISIN:CNE000001FW7
Hua Xia Bank Co., Limited (the Bank) is a commercial bank that offers financial services to both corporate and individual clients. The Bank provides deposits and loans in both domestic and foreign currency, domestic/international discounted notes and settlements, issue of domestic financial institution bonds, issue and sale of domestic government bonds, letters of credit and warrants, collecting/settling accounts receivables/payables, selling insurance, safe deposit boxes, foreign exchanges, remittances of foreign currencies, domestic and international credit cards, issue and sale of financial instruments denominated in foreign currencies except for shares, trading and non-trading settlements, credit investigation, consultation and witness, offshore financial services, sale and redemption of domestic open-ended trusts and securities and investment trusts custody services.
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News
Asian stocks are expected to extend gains on Thursday as US and Britain markets climbed to multi-month highs overnight. Wall Street was pushed to a fresh 17-month high as investors cheered for the drop in February Producer Price Index, or wholesale inflation. Yesterday most major Asian markets were stronger after the U.S. Federal Reserve pledge to keep interest rates low for an extended period. The Bank of Japan also left its rate unchanged at 0.1 per cent. The Nikkei Index gained 1.2 per cent and South Korea's Kospi was up 2.1 per cent. Shanghai Composite lifted 1.9 per cent while Hong Kong's Hang Seng Index gained 1.7 per cent.
Asian markets opened broadly firmer today after the Wall Street rally boosted by the unexpectedly good housing data in the US. Japan's Nikkei share average rose above the psychologically key 8,000 level in early trade.
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