“The positive outlook on HTSC reflects our view of a one-in-three chance that the strengthening capitalization could result in an upgrade over the next two years. Our view also reflects the Company’s adequate first-quarter earnings amid the COVID-19 outbreak in China and controlled exposure to directional equity trading, while maintaining a buffer above our threshold for a very strong capital assessment, despite market volatility.”
This affirmed rating and denoted upgrade will further cement HTSC’s position within the global capital market, further reduce the cost of overseas financing, and create beneficial conditions for cross-border business. HTSC’s annual revenue in 2019 was RMB 32.437billion, up 32.36% year-on-year, of which Huatai International accounted for 12.48%.
Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com