China Minsheng Banking Corp., Ltd. (HK:1988) has announced a significant business development with the signing of a Business Cooperation Framework Agreement with Dajia Life Insurance Co., Ltd. This agreement, effective from June 2025 through June 2027, enables the bank to offer agency sales services for various financial and insurance products to Dajia Life Insurance, which is a substantial shareholder owning 17.84% of the bank’s shares.
The transactions resulting from this agreement are categorized as non-exempt continuing connected transactions under the Hong Kong Listing Rules. As such, they require reporting and announcement but are exempt from independent shareholders’ approval.
Recent analyst sentiment on China Minsheng Banking stock stands at a ‘Hold’ with a price target of HK$2.65. For a comprehensive view of analyst forecasts, readers can refer to the HK:1988 Stock Forecast page on TipRanks.
China Minsheng Banking Corp., Ltd. is a joint-stock limited company incorporated in the People’s Republic of China, operating within the financial services sector. The bank focuses on providing a diverse range of banking services and financial products.
Key statistics about the stock include:
- Average Trading Volume: 36,154,505
- Technical Sentiment Signal: Buy
- Current Market Cap: HK$199.8B
For a more detailed analysis of China Minsheng Banking stock (1988), readers can visit TipRanks’ Stock Analysis page.
