, China

China Merchants eyes raising $3.2bln via rights issue

Move aimed to replenish capital ratio after expansion of loans and acquisition of Wing Lung.

China Merchants Bank, the country’s sixth largest lender, has priced its long-awaited rights issue at a big discount to raise $3.2 billion, a move to replenish the bank's capital ratio after aggressively expanding lending last year and the richly-priced acquisition of Hong Kong's Wing Lung Bank.

The Shenzhen-based bank will launch the rights issue at a subscription price of HK$10.06 (US$1.29) for Hong Kong H-shares, which represents a discount of about 49.19% to the last closing price before the price determination date on March 2, while the subscription price of A-shares will be 8.85 renminbi (US$1.3), according to a statement by the Hong Kong and Shanghai Stock Exchange respectively.

The market has responded positively to the generous pricing of the rights issue, which sent the bank's shares up 2.53% in Hong Kong while the Hang Seng Index closed 0.7% lower.

The rights issue, which is the first to launch among its peers, is likely to be a reference for other banks. A number of Hong Kong-listed and Shanghai-listed Mainland lenders have announced fundraising activities.

View the full story in The Asset.

Follow the link for more news on

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.