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China Railway Group ( (HK:0390) ) has provided an update.
China Railway Group Limited has announced a renewal of its Financial Services Framework Agreement for 2025-2027 with China Railway Finance and CREC. The agreement includes comprehensive credit services such as loans, bill acceptance, and guarantees, with interest and fee rates aligned with major commercial banks in China. The company has outlined proposed annual caps for these financial services, taking into account historical transaction amounts, treasury management strategies, and financial risk control. Due to changes in the domestic infrastructure investment environment and overseas project delays, cash flows have been lower than expected, affecting deposit services with China Railway Finance. However, with a stable growth trend in operating income and the advancement of infrastructure initiatives like the ‘One Belt and One Road’ construction, the company anticipates steady growth in its operations over the next three years.
More about China Railway Group
China Railway Group Limited operates in the infrastructure construction industry, primarily focusing on engineering projects, financial services, and infrastructure planning and design. The company is known for its contributions to domestic and international railway, road, and bridge construction, as well as its involvement in urban development projects.
YTD Price Performance: -5.88%
Average Trading Volume: 12,589
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $18.51B
See more data about 0390 stock on TipRanks’ Stock Analysis page.
