China CITIC Bank Chairman promises to stabilize dividend ratio and promote capital replenishment

Fang Heying, chairman of China CITIC Bank, said that capital replenishment will be promoted in an orderly manner. The 40 billion convertible bonds issued in 2019 are expected to be converted into shares of 26.4 billion options from major shareholders in the near future. CITIC Bank launched the rights issue of A+H shares relatively early, which provided a good foundation for stabilizing the dividend ratio.

capital replenishment plan

Fang Heying pointed out that CITIC Bank will maintain a stable dividend ratio by promoting capital replenishment in an orderly manner. This will help improve the bank's capital strength, enhance its risk resistance, and lay a solid foundation for future development.

Expected stable dividend ratio

CITIC Bank's stable dividend ratio is one of the important indicators that investors pay attention to. Fang Heying said that through the implementation of the capital replenishment plan, the bank is expected to maintain a stable dividend ratio and create sustained and stable income for shareholders.

Major shareholder option conversion

In addition to issuing convertible bonds, CITIC Bank also plans to convert the major shareholder's 26.4 billion option into shares. This will help further increase the bank's shareholder equity, increase the company's value, and bring more benefits to shareholders.

• Improve capital strength
• Enhance risk resistance
• Lay the foundation for future development

Overall, China CITIC Bank Chairman Fang Heying’s plan will contribute to the bank’s steady development, increase the company’s value, and create more value for shareholders. This will further enhance the bank's competitiveness in the market and bring more investment opportunities to investors.