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Bank of China Appoints Vice Chairman
Bank Of China (03988.HK): Zhang Hui appointed as Vice Director and Executive Director.
On January 10, Gelonghui reported that the Bank Of China (03988.HK) announced that Zhang Hui will serve as the Vice Chairman and Executive Director of the bank starting from January 8, 2025, and will also be a member of the bank's Board of Directors Global Strategy Development Committee. Zhang Hui's term as Vice Chairman and Executive Director of the bank will be three years.
Express News | Bank of China - Appointment of Mr. Zhang Hui as Vice Chairman and Executive Director
Banks' "Wealth Management Night Market" trend is rising again, and the incremental scale of bank wealth management may reach 2-3 trillion yuan by 2025.
① Wealth management companies and Banks are actively creating and establishing "wealth management night markets," breaking time limitations to meet more investors' needs; ② Against the backdrop of declining deposit interest rates, bank wealth management still has vast development space. In the next step, wealth management companies can continue to strengthen efforts in product innovation, channel innovation, and service model innovation.
TIGERMED has obtained a commitment letter for a Share Buyback loan from Financial Institutions.
TIGERMED (03347) announced that it recently received a "Loan Commitment Letter" issued by the Hangzhou Branch of the Bank Of China, with the main contents as follows: 1. Loan amount: not exceeding ¥ 700,000,000 (in words: seven hundred million yuan), which is not more than 70% of the maximum share buyback amount; 2. Loan term: not exceeding 36 months; 3. Loan purpose: specifically for the "TIGERMED" (stock code 300347) Share Buyback. The actual loan amount and the funds already repurchased shall not exceed the upper limit of this share buyback plan, and the specific Business must comply with the requirements of "China".
The transformation of the Banking Industry in adversity in 2024: the mud and dawn of the "light asset" vision.
How far is dawn?
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