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Bohai Bank Invested by COSCO SHIPPING Development Got Double “Investment Grade” Rating by Moody's and S&P
发布时间: 2021-01-18

  Recently, Bohai Bank invested by COSCO SHIPPING Development received credit ratings of investment grade "Baa3" and investment grade "BBB-”from the international authoritative rating agencies, Moody's Investment Services Co., Ltd. and S&P Global Ratings, respectively, with the outlook rated as stable.

  Although Bohai Bank has been listed on the main board of the Hong Kong Stock Exchange for less than half a year, it has been included into constituent stock of MSCI China All Shares Index, the Hang Seng Composite LargeCap and MidCap Index and Stock Connect Hong Kong Index. The double "investment grade" rating fully reflected the market's recognition of the credit, risk control ability and sound operation of Bohai Bank, which is of great significance to Bohai Bank in enhancing its investment value. COSCO Shipping Development is the promoter shareholder of Bohai Bank, and the project has contributed favorable investment return to COSCO Shipping Development. The recognition of Bohai Bank by the capital market will help it further expand the international financial market, and the investment prospect of COSCO Shipping Development is promising.

  In the future, COSCO Shipping Development will continue to deepen the partnership with Bohai Bank, strive to achieve cooperation and mutual benefits, and continuously create new value for shareholders.

 
 
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COSCO SHIPPING Development Co., Ltd. (the “Company” or “COSCO SHIPPING Development”), formerly known as China Shipping Container Lines Company Limited, is a subsidiary of China COSCO SHIPPING Corporation Limited (“China COSCO SHIPPING” or “COSCO SHIPPING”) specialized in supply-chain financial services. The Company was established in 1997, with head office in Shanghai, the People’s Republic of China (the “PRC”), and is listed both in Hong Kong and Shanghai. The registered capital of the Company is about RMB11.61billion.
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