China Banking Corporation Rejoins PSEi

​China Banking Corporation (Chinabank), makes its return to the benchmark 30-member Philippine Stock Exchange Index (PSEi).

​The PSEi is the local bourse’s main index, providing a snapshot of the market's overall condition by gauging changes in the stock prices of the country’s most representative listed companies.

“We are honored to again be part of the PSEi after more than a decade.  The ensuing investor interest in our stock reflects confidence in our long-term vision and in our ability to execute our strategic initiatives,” Chinabank President and Chief Executive Officer Romeo Uyan Jr. said.

CBC's stock price has been increasing all year, up over 100% in 2024 alone, underpinned by the bank's record performance. As of end-September 2024, Chinabank was the fourth largest private universal bank in the country, with P1.6 trillion in total assets and P18.4 billion in net income.  It was the 13th most profitable Philippine company in 2023. In terms of market capitalization, it ranked 18th largest as of January 31, 2025.

Chinabank Chief Finance Officer Patrick Cheng said the bank is profitable and steadily growing. "Our profitability and capital efficiency have been improving the past years and we remain focused on ensuring good progress on our digital transformation and product and process enhancements."

To qualify for the PSEi, companies must have high liquidity, rank well in market capitalization, and have at least 20 percent of their shares available for public trading. Financial metrics are also considered in the evaluation.  Chinabank’s previous inclusion was from May 2010 to May 2011.