CM BANK: Losses on Investment in CN Property Bonds Affect HK Biz to Certain Extent

AASTOCKS

2024-06-25 16:06

CM BANK (03968.HK) (600036.SH)'s business in Hong Kong suffered certain impact due to losses incurred from its investment in China property bonds,...

　　CM BANK (03968.HK) +0.350 (+0.989%) Short selling $192.01M; Ratio 29.531% (600036.SH) +0.230 (+0.675%) 's business in Hong Kong suffered certain impact due to losses incurred from its investment in China property bonds, Wang Liang, President of CM BANK, said in his presentation on the ROE situation of its Hong Kong business at the 2023 annual general meeting.

　　Nevertheless, all three institutions of CM BANK in Hong Kong, including CMB Wing Lung Bank, China Merchants Bank Hong Kong Branch and CMBI, recorded profits in 2023, Wang added.

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