China CITIC Bank Corporation Limited
HKG:0998 ISIN:CNE1000001Q4
China CITIC Bank Corporation Limited is a China-based commercial bank. The Bank provides retail banking services, including bank card services, personal financing, financial service for traveling and study abroad, personal loans, stock investments, foreign exchanges trading, fund investments, asset management services, personal savings, personal settlements and remittances, among others; corporate banking services, including account settlements, financing services, trading services, cash management, investment banking, asset management, international settlements and trade financing services, among others, as well as credit card services. The Bank also offers online banking services and automatic teller machine (ATM) services. In October 2009, the Bank acquired 70.32% interest in Citic International Financial Holdings Limited.
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99wuxian is to raise $20 million at 40c per CHESS Depositary Interest (CDI), the security used by the ASX to allow international companies to trade on the local market. It is equivalent to 40c a share and, if fully subscribed, will value the company at about $410 million. The CDI holders will account for under 5 per cent of the company.
Australian Market Report of January 6, 2011 includes: OnCard International Limited (ASX:ONC) signed a Buffet Club Purchase Cooperation Agreement with China Citic Bank (SHA:601998) (HKG:0998); South Australia Government declares 'Major Project' status for Centrex Metals Limited's (ASX:CXM) deepwater port plan; Clough Limited (ASX:CLO) receive a letter of intent for CACT Project, offshore China; China Magnesium Corporation Limited (ASX:CMC) increase its interest in the Pingyao Magnesium Project to 90.7%.
US stocks ended higher overnight on a bigger-than-expected rise in existing home sales for November. The used-home sales jumped 7.4 per cent, having increased more than double the economists' expectations.
Most Asian stock markets were lower Friday due to some profit taking selling before the release of US non-farm payrolls data.
Asian stock markets shrugged off the losses on Wall Street and mostly opened higher on Monday.
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