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12 Oct 2020

Wonderful Sky Financial Group Assists WEIHAI CITY COMMERCIAL BANK CO., LTD. (Stock Code: 9677.HK) with the Successful Listing on HKEx

WEIHAI CITY COMMERCIAL BANK CO., LTD. (Stock Code: 9677) was successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) today.

 

WEIHAI CITY COMMERCIAL BANK is the only city commercial bank with outlets covering all prefecture-level cities in Shandong Province, the third largest province in the PRC in terms of GDP. Adhering to their regional positioning of “Based in Shandong, Refined Efforts, Characteristic Development”, the overall business has sustained a steady and sound growth in recent years. WEIHAI CITY COMMERCIAL BANK ranked 80th among the “Top 100 PRC Banks” in terms of core tier-one capital as of December 31, 2018 by the CBA, moving up 15 places compared with their ranking in terms of core tier-one capital as of December 31, 2016. In addition, WEIHAI CITY COMMERCIAL BANK was rated as the “National Top 10 City Commercial Bank” for four consecutive years from 2016 to 2019 by Financial News, a Chinese magazine, in recognition of their business performance and management capabilities. WEIHAI CITY COMMERCIAL BANK ranked third among all city commercial banks headquartered in Shandong Province in terms of total assets, total deposits from customers and total loans to customers as of December 31, 2019.

 

WEIHAI CITY COMMERCIAL BANK  focus on high-end corporate banking customers in managing corporate banking business by leveraging supports from their shareholders and the government, as well as their extensive business network coverage, where the Company managed to capture high-quality customers through providing comprehensive financial services, which in turn attributes to the strong competitiveness in our Broad Corporate Banking business. In managing retail banking business, WEIHAI CITY COMMERCIAL BANK stays close to the mass market of retail banking customers (i.e., micro and small enterprises as well as individuals), continuously enrich our “Broad Retail” product portfolio, and, at the same time, expand the Broad Retail Banking business, in order to accumulate significant differentiation advantages. WEIHAI CITY COMMERCIAL BANK foster their core competitiveness by strengthening technology enabling, and continuously enhancing, the digital transformation of our products and services.

 

As the only major integrated financial communications company in the world that is listed on the HKEx, Wonderful Sky will continue to provide a "one-stop” and ten-in-one prime financial public relations services, including financial public relations, investor relations, international roadshows, financial printing , corporate branding, ESG report, asset management, corporate doctor, Compulsory and Commercial Insurance and headhunting program. “Your Success is Our Inspiration” is the motto of Company's Group, by which we strive to become the select partner of listed companies for the long term by offering customized and professional services to Company's clients.