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CYT051

CYT051

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2021-05-25

$DBS GROUP HOLDINGS LTD(D05.SI)$ is anyone recieved the dividend? Why I was no recieved it yet? Can help? ?

2021-06-16

$SouthernAlliance(QNS.SI)$I believe the share price of steel stock will perform very well in the next 2 years because China is no longer dumping steel products to the whole world. I hope the next up cycle is started again after a minor correction is over. China steel price rebounded strongly in the last 3 days.The share price of steel stock 20 years ago was very high because there was no dumping of steel products from China. I believe the share price of steel stock will rise up slowly and surely in the next 2 years after China stopped dumping steel products below cost.I believe Covid-19 pandemic is slowly recovered in 2021 because of the effective vaccines. Once Covid-19 pandemic is under controlled, all industrial nations worldwide especially Euro

2021-05-14

Great ariticle, would you like to share it?

大华银行被罚382.95万：向部分借款人收取咨询服务费

2021-04-21

But why the stock drop so much today?

DBS buys 13% stake in Shenzhen bank for $1.08 billion as it 'doubles down' on China's Greater Bay Area

Go to Tiger App to see more news

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I hope the next up cycle is started again after a minor correction is over. China steel price rebounded strongly in the last 3 days.The share price of steel stock 20 years ago was very high because there was no dumping of steel products from China. I believe the share price of steel stock will rise up slowly and surely in the next 2 years after China stopped dumping steel products below cost.I believe Covid-19 pandemic is slowly recovered in 2021 because of the effective vaccines. Once Covid-19 pandemic is under controlled, all industrial nations worldwide especially Euro","listText":"<a href=\"https://laohu8.com/S/QNS.SI\">$SouthernAlliance(QNS.SI)$</a>I believe the share price of steel stock will perform very well in the next 2 years because China is no longer dumping steel products to the whole world. I hope the next up cycle is started again after a minor correction is over. 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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DBS buys 13% stake in Shenzhen bank for $1.08 billion as it 'doubles down' on China's Greater Bay Area</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDBS buys 13% stake in Shenzhen bank for $1.08 billion as it 'doubles down' on China's Greater Bay Area\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 09:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/banking/dbs-buys-13-stake-in-shenzhen-bank-for-108-billion-as-it-doubles-down-on-chinas><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE - DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank (SZRCB) for 5.29 billion yuan (S$1.08 billion), part of its plan to accelerate its ...</p>\n\n<a href=\"http://www.straitstimes.com/business/banking/dbs-buys-13-stake-in-shenzhen-bank-for-108-billion-as-it-doubles-down-on-chinas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股","00152":"深圳国际"},"source_url":"http://www.straitstimes.com/business/banking/dbs-buys-13-stake-in-shenzhen-bank-for-108-billion-as-it-doubles-down-on-chinas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129826398","content_text":"SINGAPORE - DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank (SZRCB) for 5.29 billion yuan (S$1.08 billion), part of its plan to accelerate its expansion in China's Greater Bay Area.\nThe investment is also in line with the group's strategy of investing in its core markets. China is one of DBS' six core markets, together with Singapore, Indonesia, India, Hong Kong and Taiwan.\nDBS chief executive officer Piyush Gupta said: \"We see this as a highly complementary strategic partnership that will allow us to double down on the Greater Bay Area and leverage SZRCB's local network and know-how to deepen DBS' Greater Bay Area strategy.\n\"At the same time, we would be able to support the continued growth and digital transformation of SZRCB through our regional presence and digital capabilities.\"\nThe deal strategically positions DBS to increase its stake in the Shenzhen lender after China eased rules on foreign ownership in the financial services sector, the bank said in its statement on Tuesday (April 20).\nThe investment has been approved by the Monetary Authority of Singapore and the Shenzhen office of the China Banking and Insurance Regulatory Commission and is expected to be completed following approval by the China Securities Regulatory Commission.\nUpon the completion of the deal, DBS will become the largest shareholder in SZRCB and will have representation on the Chinese bank's board of directors.\nDBS said the investment will have less than 0.2 percentage points impact to the group's capital ratios, and is expected to be immediately accretive to earnings and return on equity (ROE).\nThe bank will acquire 1.35 billion new shares in SZRCB at 3.91 yuan per share, representing 1.01 times the book value per share of SZRCB as of end-December 2020. DBS said it intends to fund the investment using internal cash resources.\nSZRCB operates one of the largest bank branch networks in Shenzhen, where 210 of its 217 branches and over 2,100 self-service terminals are located.\nWith more than 5 million active retail customers and over 170,000 active corporate clients, SZRCB had 404 billion (S$82 billion) of deposits and 519 billion yuan of total assets at the end of last year.\nApproximately 40 per cent of its total loans are in the retail segment and the remaining 60 per cent in the corporate segment, largely to local small and medium enterprises.\nFor the year ended Dec 31, 2020, the Shenzhen bank generated 4.8 billion yuan in net profit after tax. DBS said SZRCB has a strong track record of profitability, achieving average ROE of over 17 per cent since its establishment in 2005.\nOn Tuesday, Reuters reported that DBS was among potential bidders for parts of Citigroup's consumer business in Asia.\nAt its virtual annual general meeting last month, DBS said it was looking to double down its presence in China and India as part of efforts to expand into the wider region.\nIn November last year, DBS completed its takeover of cash-strapped Lakshmi Vilas Bank (LVB) in India, which added 550 branches and 900-plus ATMs to its network in the country.\nSaid Mr Gupta in Tuesday's statement: \"Our ability to execute another strategic transaction shortly after amalgamating LVB in India, is testament to our ability to be nimble and grow, as we leverage on our strong capital position.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":138928914,"gmtCreate":1621905893638,"gmtModify":1704364171824,"author":{"id":"3578604128442084","authorId":"3578604128442084","name":"CYT051","avatar":"https://static.tigerbbs.com/3ac270f1b2308f351639721196e2165b","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578604128442084","idStr":"3578604128442084"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a>&nbsp;is anyone recieved the dividend? Why I was no recieved it yet? Can help? ?","listText":"<a href=\"https://laohu8.com/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$</a>&nbsp;is anyone recieved the dividend? Why I was no recieved it yet? Can help? ?","text":"$DBS GROUP HOLDINGS LTD(D05.SI)$ is anyone recieved the dividend? Why I was no recieved it yet? Can help? ?","images":[{"img":"https://static.tigerbbs.com/9148a92056b40fd02e7aa53091423c4e","width":"1080","height":"2340"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/138928914","isVote":1,"tweetType":1,"viewCount":935,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575197281936888","authorId":"3575197281936888","name":"Wei_118","avatar":"https://static.tigerbbs.com/7ba87fc9c0b7e4dd09ea9e2b561b741e","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3575197281936888","idStr":"3575197281936888"},"content":"if u buy with Tiger, can check your statement of account","text":"if u buy with Tiger, can check your statement of account","html":"if u buy with Tiger, can check your statement of account"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":169874313,"gmtCreate":1623830795132,"gmtModify":1703820752901,"author":{"id":"3578604128442084","authorId":"3578604128442084","name":"CYT051","avatar":"https://static.tigerbbs.com/3ac270f1b2308f351639721196e2165b","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578604128442084","idStr":"3578604128442084"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/QNS.SI\">$SouthernAlliance(QNS.SI)$</a>I believe the share price of steel stock will perform very well in the next 2 years because China is no longer dumping steel products to the whole world. I hope the next up cycle is started again after a minor correction is over. China steel price rebounded strongly in the last 3 days.The share price of steel stock 20 years ago was very high because there was no dumping of steel products from China. I believe the share price of steel stock will rise up slowly and surely in the next 2 years after China stopped dumping steel products below cost.I believe Covid-19 pandemic is slowly recovered in 2021 because of the effective vaccines. Once Covid-19 pandemic is under controlled, all industrial nations worldwide especially Euro","listText":"<a href=\"https://laohu8.com/S/QNS.SI\">$SouthernAlliance(QNS.SI)$</a>I believe the share price of steel stock will perform very well in the next 2 years because China is no longer dumping steel products to the whole world. I hope the next up cycle is started again after a minor correction is over. China steel price rebounded strongly in the last 3 days.The share price of steel stock 20 years ago was very high because there was no dumping of steel products from China. I believe the share price of steel stock will rise up slowly and surely in the next 2 years after China stopped dumping steel products below cost.I believe Covid-19 pandemic is slowly recovered in 2021 because of the effective vaccines. Once Covid-19 pandemic is under controlled, all industrial nations worldwide especially Euro","text":"$SouthernAlliance(QNS.SI)$I believe the share price of steel stock will perform very well in the next 2 years because China is no longer dumping steel products to the whole world. I hope the next up cycle is started again after a minor correction is over. China steel price rebounded strongly in the last 3 days.The share price of steel stock 20 years ago was very high because there was no dumping of steel products from China. I believe the share price of steel stock will rise up slowly and surely in the next 2 years after China stopped dumping steel products below cost.I believe Covid-19 pandemic is slowly recovered in 2021 because of the effective vaccines. Once Covid-19 pandemic is under controlled, all industrial nations worldwide especially Euro","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169874313","isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198692318,"gmtCreate":1620954393534,"gmtModify":1704351026333,"author":{"id":"3578604128442084","authorId":"3578604128442084","name":"CYT051","avatar":"https://static.tigerbbs.com/3ac270f1b2308f351639721196e2165b","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578604128442084","idStr":"3578604128442084"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198692318","repostId":"2135628553","repostType":2,"repost":{"id":"2135628553","pubTimestamp":1620900540,"share":"https://ttm.financial/m/news/2135628553?lang=&edition=fundamental","pubTime":"2021-05-13 18:09","market":"us","language":"zh","title":"大华银行被罚382.95万：向部分借款人收取咨询服务费","url":"https://stock-news.laohu8.com/highlight/detail?id=2135628553","media":"新浪财经","summary":"5月13日消息，中国银保监会上海银保监局行政处罚信息公开表显示，大华银行（中国）有限公司因2018年至2019年，向部分借款人收取咨询服务费，构成以贷收费。被责令改正，并处罚款382.953144万元。\n　　以下为原文：\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：戴菁菁","content":"<html><body><div>\n<p>　　5月13日消息，中国银保监会上海银保监局行政处罚信息公开表显示，<a href=\"https://laohu8.com/S/U11.SI\">大华银行</a>（中国）有限公司因2018年至2019年，向部分借款人收取咨询服务费，构成以贷收费。被责令改正，并处罚款382.953144万元。</p>\n<p>　　以下为原文：</p>\n<div><img src=\"http://n.sinaimg.cn/finance/transform/72/w550h322/20210513/7347-kpzzqmz8951206.png\"/><span></span></div>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读，尽在<a href=\"https://laohu8.com/S/SINA\">新浪</a>财经APP</div>\n</div>\n<p>责任编辑：戴菁菁 </p>\n</div></body></html>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>大华银行被罚382.95万：向部分借款人收取咨询服务费</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n大华银行被罚382.95万：向部分借款人收取咨询服务费\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 18:09 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/money/bank/bank_hydt/2021-05-13/doc-ikmyaawc5117956.shtml><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>5月13日消息，中国银保监会上海银保监局行政处罚信息公开表显示，大华银行（中国）有限公司因2018年至2019年，向部分借款人收取咨询服务费，构成以贷收费。被责令改正，并处罚款382.953144万元。\n　　以下为原文：\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：戴菁菁</p>\n\n<a href=\"https://finance.sina.com.cn/money/bank/bank_hydt/2021-05-13/doc-ikmyaawc5117956.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d1719c089907e474e80febf4cc5f4f39","relate_stocks":{"U11.SI":"大华银行"},"source_url":"https://finance.sina.com.cn/money/bank/bank_hydt/2021-05-13/doc-ikmyaawc5117956.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2135628553","content_text":"5月13日消息，中国银保监会上海银保监局行政处罚信息公开表显示，大华银行（中国）有限公司因2018年至2019年，向部分借款人收取咨询服务费，构成以贷收费。被责令改正，并处罚款382.953144万元。\n　　以下为原文：\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：戴菁菁","news_type":1},"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371710699,"gmtCreate":1618970964711,"gmtModify":1704717671291,"author":{"id":"3578604128442084","authorId":"3578604128442084","name":"CYT051","avatar":"https://static.tigerbbs.com/3ac270f1b2308f351639721196e2165b","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3578604128442084","idStr":"3578604128442084"},"themes":[],"htmlText":"But why the stock drop so much today?&nbsp;","listText":"But why the stock drop so much today?&nbsp;","text":"But why the stock drop so much today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/371710699","repostId":"2129826398","repostType":2,"repost":{"id":"2129826398","pubTimestamp":1618967680,"share":"https://ttm.financial/m/news/2129826398?lang=&edition=fundamental","pubTime":"2021-04-21 09:14","market":"sg","language":"en","title":"DBS buys 13% stake in Shenzhen bank for $1.08 billion as it 'doubles down' on China's Greater Bay Area","url":"https://stock-news.laohu8.com/highlight/detail?id=2129826398","media":"The Straits Times","summary":"SINGAPORE - DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commer","content":"<div>\n<p>SINGAPORE - DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank (SZRCB) for 5.29 billion yuan (S$1.08 billion), part of its plan to accelerate its ...</p>\n\n<a href=\"http://www.straitstimes.com/business/banking/dbs-buys-13-stake-in-shenzhen-bank-for-108-billion-as-it-doubles-down-on-chinas\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DBS buys 13% stake in Shenzhen bank for $1.08 billion as it 'doubles down' on China's Greater Bay Area</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDBS buys 13% stake in Shenzhen bank for $1.08 billion as it 'doubles down' on China's Greater Bay Area\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 09:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/banking/dbs-buys-13-stake-in-shenzhen-bank-for-108-billion-as-it-doubles-down-on-chinas><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE - DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank (SZRCB) for 5.29 billion yuan (S$1.08 billion), part of its plan to accelerate its ...</p>\n\n<a href=\"http://www.straitstimes.com/business/banking/dbs-buys-13-stake-in-shenzhen-bank-for-108-billion-as-it-doubles-down-on-chinas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股","00152":"深圳国际"},"source_url":"http://www.straitstimes.com/business/banking/dbs-buys-13-stake-in-shenzhen-bank-for-108-billion-as-it-doubles-down-on-chinas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129826398","content_text":"SINGAPORE - DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank (SZRCB) for 5.29 billion yuan (S$1.08 billion), part of its plan to accelerate its expansion in China's Greater Bay Area.\nThe investment is also in line with the group's strategy of investing in its core markets. China is one of DBS' six core markets, together with Singapore, Indonesia, India, Hong Kong and Taiwan.\nDBS chief executive officer Piyush Gupta said: \"We see this as a highly complementary strategic partnership that will allow us to double down on the Greater Bay Area and leverage SZRCB's local network and know-how to deepen DBS' Greater Bay Area strategy.\n\"At the same time, we would be able to support the continued growth and digital transformation of SZRCB through our regional presence and digital capabilities.\"\nThe deal strategically positions DBS to increase its stake in the Shenzhen lender after China eased rules on foreign ownership in the financial services sector, the bank said in its statement on Tuesday (April 20).\nThe investment has been approved by the Monetary Authority of Singapore and the Shenzhen office of the China Banking and Insurance Regulatory Commission and is expected to be completed following approval by the China Securities Regulatory Commission.\nUpon the completion of the deal, DBS will become the largest shareholder in SZRCB and will have representation on the Chinese bank's board of directors.\nDBS said the investment will have less than 0.2 percentage points impact to the group's capital ratios, and is expected to be immediately accretive to earnings and return on equity (ROE).\nThe bank will acquire 1.35 billion new shares in SZRCB at 3.91 yuan per share, representing 1.01 times the book value per share of SZRCB as of end-December 2020. DBS said it intends to fund the investment using internal cash resources.\nSZRCB operates one of the largest bank branch networks in Shenzhen, where 210 of its 217 branches and over 2,100 self-service terminals are located.\nWith more than 5 million active retail customers and over 170,000 active corporate clients, SZRCB had 404 billion (S$82 billion) of deposits and 519 billion yuan of total assets at the end of last year.\nApproximately 40 per cent of its total loans are in the retail segment and the remaining 60 per cent in the corporate segment, largely to local small and medium enterprises.\nFor the year ended Dec 31, 2020, the Shenzhen bank generated 4.8 billion yuan in net profit after tax. DBS said SZRCB has a strong track record of profitability, achieving average ROE of over 17 per cent since its establishment in 2005.\nOn Tuesday, Reuters reported that DBS was among potential bidders for parts of Citigroup's consumer business in Asia.\nAt its virtual annual general meeting last month, DBS said it was looking to double down its presence in China and India as part of efforts to expand into the wider region.\nIn November last year, DBS completed its takeover of cash-strapped Lakshmi Vilas Bank (LVB) in India, which added 550 branches and 900-plus ATMs to its network in the country.\nSaid Mr Gupta in Tuesday's statement: \"Our ability to execute another strategic transaction shortly after amalgamating LVB in India, is testament to our ability to be nimble and grow, as we leverage on our strong capital position.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}