Weihai City Commercial Bank Co. Ltd (9677.HK)

HK$ 2.83
0.35% +0.01
as of Jun 3, 3:09am EDT
Previous Close
HK$ 2.82
Market Cap.
HK$ 16.92B
Volume / 30 day Avg.
1.0K / 1.5K
52 Week High/Low
3.34 / 1.85
PE Ratio(TTM)
6.9
Dividend Yield
3.55%
Financials
Regional Banks
Primary exchange: HK
About
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Weihai Bank Co., Ltd., together with its subsidiaries, provides corporate banking, retail banking, and financial market services in China. The company operates through Corporate Banking; Retail Banking; Financial Market Business; and Others segments. It offers corporate loans and advances, trade financing, deposit taking activities, agency services, wealth management services, consulting and advisory services, remittance and settlement services, guarantee services, and finance leasing services. The company also provides personal loans, deposit services, personal wealth management services, debit and credit cards, and remittance services. In addition, it offers inter-bank money market and repurchases transactions, investments, trades in debt securities, and wealth management services. Further, it provides online, mobile, direct, telephone, and WeChat banking services, as well as ATMs, self-service deposit, and withdrawal machines. The company was founded in 1997 and is headquartered in Weihai, the People's Republic of China.

Meta cuts Manus free from China, as regional lender gets premium bailout

In a landmark validation for Chinese AI, Facebook parent Meta has agreed to buy general AI agent maker Manus. But why is Meta also quite vehement about cutting all of Manus’ China ties, both in terms of investors and business activity? And regional Chinese lender Weihai Bank has just received a major cash infusion from its local government in Shandong province. Is this a worrisome sign for investors?

2026-01-07