Agricultural Bank of China Stock News

Agricultural Bank of China Limited (OTCPK:ACGBY) Q3 2023 Earnings Conference Call October 27, 2023 5:00 AM ET Company Participants Han Guoqiang - Secretary of the Board of Directors Liu Xiaopeng - Non

Agricultural Bank of China Limited (OTCPK:ACGBY) Q2 2023 Earnings Call Transcript August 29, 2023 5:00 AM ET Company Participants Han Guoqiang - Secretary of the Board of Directors Fu Wanjun - Vice Ch

Agricultural Bank of China Limited (OTCPK:ACGBY) Q2 2022 Earnings Conference Call August 29, 2022 5:00 AM ET Company Participants Han Guoqiang - Secretary of the Board of Directors Conference Call Par

Agricultural Bank of China, Limited (ACGBY) Management on Q4 2021 Results - Earnings Call Transcript

Russian Firms Rush To Open Accounts At Chinese Banks As US and European sanctions make life increasingly difficult for Russian businesses, one Chinese bank claims it has seen a surge in requests from Russian firms trying to open new bank accounts, according to an anonymous source quoted by Reuters. It''s the latest example of a phenomenon first described by Credit Suisse''s Zoltan Poszar, who warned during a recent interview with Bloomberg that sanctions against Russia- along with the ban of most Russian banks from SWIFT - could lead to greater reliance on the Chinese yuan by Russian companies. As we said, China''s yuan, which presently accounts for just 2.7% of world reserves, is one option for anxious reserve managers in Moscow or elsewhere. "Over the past few days, 200-300 companies have approached us, wanting to open new accounts," the person, who works at the Moscow branch of a Chinese state bank and has direct knowledge of its operations, told Reuters. The source added that most of the firms looking to open an account with their bank do a lot of business with China.

SHANGHAI, China – The Moscow branch of a Chinese state bank has seen a surge in inquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as the country’s businesses struggle with international sanctions after its invasion of Ukraine . “Over the past few days, 200 to 300 companies have approached us, wanting to open new accounts,” the person, who works at the Moscow branch of a Chinese state bank and has direct knowledge of its operations, told Reuters. He declined to be named or have his bank identified as he is not authorized to speak with media. It was not clear how widespread Russian demand for new accounts at Chinese banks was, but the banker source told Reuters many of the companies seeking new accounts do business with China and that he expected yuan transactions by such firms to increase. Western governments are shutting off Russia’s economy from the global financial system , pushing international companies to halt sales , cut ties , and dump tens of billions of dollars’ worth of investments .

China State Banks Restrict Purchases Of Russian Commodities, Pause Buying Russian Seaborne Crude While Beijing has so far clearly telegraphed it is aligned, at least ideologically, with Moscow in the nascent Ukraine war, refusing to call Putin''s move an "invasion" and also blaming the US for stoking the conflict while refusing to condemn the military action, Bloomberg reports that "at least two" of China’s largest state-owned banks are restricting financing for purchases of Russian commodities, "underscoring the limits of Beijing’s pledge to maintain economic ties" Russia in the face of sanctions by the U.S. and its allies. According to the report, Industrial & Commercial Bank of China’s offshore units stopped issuing U.S. dollar-denominated letters of credit for purchases of physical Russian commodities ready for export, even though yuan-denominated letters of credit are still available for some clients, subject to approvals from senior executives. Bank of China has also curbed financing for Russian commodities based on its own risk assessment, Bloomberg also noted adding that the bank has yet to receive explicit guidance on Russia from Chinese regulators.

A property of Azerbaijan’s AGBank OJSC, which is in the process of liquidation, will be put up for auction at the Baku Auction Center on March 2, 2022, Trend reports referring to the Azerbaijan Deposit Insurance Fund.

A state-owned bank in China cleared an employee of wrongdoing following an internal investigation after a woman accused her of accumulating assets and receiving a salary despite barely working.A video post from Liu Yinyue went viral and she accused her former mother-in-law, Xia Xuehua, who works at Agricultural Development Bank of China, of collecting suspicious assets.The accusations placed Xia and her husband, surnamed Li, who works at Zhongyuan Agricultural Insurance Company, a state-owned

Agricultural Bank of China Limited (OTCMKTS:ACGBY) saw a large decrease in short interest in October. As of October 29th, there was short interest totalling 9,900 shares, a decrease of 49.7% from the October 14th total of 19,700 shares. Based on an average daily volume of 44,700 shares, the short-interest ratio is currently 0.2 days. Shares []

With the China Evergrande crisis imposing a dark cloud on the nation's commercial paper, it's time to trim Chinese stocks. The post 7 Chinese Stocks to Sell Before the Next ‘Lehman Brothers' Event a

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Agri Bank China (ACGBY) have what it takes?

Mar.29 -- Jason Tan, senior research analyst at CreditSights, discusses the prospects for Chinese banks.  Industrial & Commercial Bank of China Ltd.

When in search of stocks that could be priced fairly, one tool that investors can use is the Earnings Power Value (EPV) metric.

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