Home / Business

Local banks turn to Third Board for funding

By Cai Xiao | China Daily | Updated: 2016-01-05 08:13

Increasing numbers of local small banks are set to apply to list on China's third national equity exchange in a move to replenish capital levels amid growing market competition.

Meixian Hakka County Bank Co Ltd, a Guangdong-based county-level lender, became one of the latest names added to the list on Dec 21, after filing an application with the National Equities Exchange and Quotations, better known as the New Third Board.

According to a statement, Hakka County Bank is planning to issue 106 million shares through an agreement transfer to replenish its capital reserves.

Local banks turn to Third Board for funding

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349