CSSC Offshore & Marine Engineering Raises Deposit Cap for 2027

MT Newswires Live10-30 12:20

CSSC Offshore & Marine Engineering (HKG:0317) proposed a 26.9 billion-yuan cap on the maximum daily deposit balance with CSSC Finance in 2027, up from 21.7 billion yuan in 2026, under a new financial services agreement covering deposits, loans, credit and foreign exchange services.

The company also proposed raising the annual cap for foreign exchange services, including forward currency settlement and sales, to 18 billion yuan from 8 billion yuan, according to a Thursday Hong Kong bourse filing. The cap for other and bank credit services will increase to 9.22 billion yuan from 6.81 billion yuan, while the loan balance cap will be lowered to 2.20 billion yuan from 2.30 billion yuan.

Shares of the company fell nearly 2% in recent trade.

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