Weihai City Commercial Bank Co LtdHKG 9677 Stock Report

Weihai City Commercial Bank Co., Ltd. engages in the provision of commercial banking and financial services. The company is headquartered in Weihai, Shandong and currently employs 3,149 full-time employees. The company went IPO on 2020-10-12. The firm mainly conducts its businesses through four segments. The Corporate Banking segment mainly offer corporate banking customers, government agencies and financial institutions with financial products and services, including corporate loans and advances, trade financing, deposit taking activities, agency services, wealth management services, consulting and advisory services, remittance and settlement services and guarantee services. The Retail Banking segment mainly provides retail banking customers with personal loans, deposit taking activities, personal wealth management services and remittance services. The Financial markets segment mainly conducts inter-bank money market transaction, repurchases transaction, investment and debt securities trading businesses. The Others segment engages in other banking related business.