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China Merchants Bank (OTC:CIHHF) Stock, Option Chain

China Merchants Bank was founded in 1987 and is headquartered in Shenzhen. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking, and wholesale banking accounted for 57%, 41%, and 2% of total profit before tax, respectively, and 56%, 41%, and 3% of total revenue in 2023.

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CHINA MERCHANTS BK CO H by China Merchants Bank Co., Ltd.

China Merchants Bank Co Ltd

<ul>
<li>Taiying Group Ltd&nbsp;and subsidiary&nbsp;Taiying International Inc&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/03/n20138766/china-customer-relations-centers-inc-enters-into-definitive-merger-agreement-for-going-private-tra" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">inked an agreement</a>&nbsp;to acquire a 71.1% stake in Chinese e-commerce and financial services business process outsourcing (BPO) service provider&nbsp;China Customer Relations Centers Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ccrc#NASDAQ" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">CCRC</a>) for $6.50 per share.&nbsp;</li>
<li>The purchase price signifies a 37.7% premium to the November 27, 2020 closing price of $4.72 representing the last trading day before November 30, 2020, the date when the company announced the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/20/11/n18571090/china-customer-relations-centers-inc-announces-receipt-of-preliminary-non-binding-going-private-pr" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">&quot;going-private&quot; proposal</a>.</li>
<li>This amount also represented an increase of 21% over the $5.37 per share initially offered by the buyer group in their initial &quot;going-private&quot; proposal on November 27, 2020.</li>
<li>Taiying Group Ltd would be beneficially owned by a group of rollover shareholders, including CCRC CEO, Chairman and director Zhili Wang, CFO Debao Wang, director and VP Guoan Xu, Qingmao Zhang, Long Lin, Jishan Sun, and certain other shareholders.</li>
<li>Taiying Group Ltd had entered into a debt commitment under which&nbsp;China Merchants Bank Co Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cihhf#OTC" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">CIHHF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/cihky#OTC" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">CIHKY</a>) has agreed to provide a secured term facility for the merger.</li>
<li>Price action:&nbsp;CCRC stock was higher by 11.9% at $6.29 in the pre-market session on the last check Friday.</li>
</ul>

<li>The SGX&reg; FTSE&reg; Xinhua&reg; China A50 Index, tracks the 50 largest companies on the Shanghai and Shenzhen stock exchanges.</li>
<li>The index rose 0.38 percent on Thursday trading, to 9,523.04 points.</li>
<li>A few of the day&rsquo;s largest movers include: Shanghai Electric Group Company Limited (SHA: 601727), up 1.95 percent; China Railway Construction Corp Limited (SHA: 601186), up 1.55 percent; BYD Company Limited (SHE:002594), down 2.05 percent; China Merchants Bank Co., Ltd (SHA:600036), down 1.18 percent.</li>

	Thursday was a relatively calm day for Chinese stocks. Many of them closed the day roughly flat after initially surging in the early morning.
 Hong Hao, chief China strategist at BoCom International Holdings Co. explained that uncertainty reigns among investors, which is what ultimately determines the elevated volatility.

	However, the FTSE China A50 Index closed slightly up, with some of the stocks mentioned above driving the surge.

	So, is there a way to bet on the performance of this index over the short term without being exposed to the high risk and collateral implied in investing in the Chinese stock market right now?

	There&rsquo;s always Binary Options.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/news/15/09/5861274/chinas-weakness-isnt-all-bad">China's Weakness Isn't All Bad</a></bzrelatedlink>
<h3>What Are Binary Options? </h3>

	Investing via binary options is just that: Playing a binary event. &ldquo;Binary options are limited risk contracts based on a simple yes/no market proposition like will the markets go up by the end of the trading week,&rdquo; binary options trading site Nadex <a href="http://www.nadex.com/trade-binary-options.html">explained</a>.
&ldquo;Binary options offer traders ways to trade the most active stock indices, commodities, forex, event and bitcoin markets with relatively low collateral.&rdquo;
<h3>Using The FTSE China A50 And Binaries</h3>

	There is a way to capitalize from the moves of the FTSE China A50 Index without actually investing in the index itself. By investing in binary options, investors can bet on something as simple as: &ldquo;Will the index trade above 9,600 points this week?&rdquo;

	For those thinking the answer is yes, buying the binary options is the way to go. For those thinking the response is no, selling would be a better idea.

	Below is a list of the top five constituents of the China A50 Index. This way, investors know what they are positioned, and can make a more informed decision regarding what they think will happen in the next few days.

	<img alt="" src="https://www.benzinga.com/files/u82070/top5chinaa50.jpg" />

	Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

Another milestone was reached in the ETF industry Thursday as CSOP FTSE China A50 ETF (NYSE: <a class="ticker" href="/stock/afty#NYSE">AFTY</a>) became the first ETF to be listed in the U.S. by a Chinese asset management company.

	Similar A-share ETFs have been listed in the U.S. before, but most have been partnerships between U.S. or Europe-based ETF issuers and Chinese asset managers.
<h3>
	CSOP</h3>

	Chinese asset management company CSOP was founded in 2008 and was the first offshore asset manager set up by a regulated asset management company in China, according to <a href="http://www.csopasset.net/en">CSOP&#39;s website</a>.

	China A-shares products are becoming more popular, as an increasing number of U.S. investors are jumping at the opportunity to own physical Chinese A-shares.

	<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/news/15/03/5321642/china-seeks-to-break-world-duopoly-on-commercial-aircraft">China Seeks To Break World &quot;Duopoly&quot; On Commercial Aircraft</a></bzrelatedlink>
<h3>
	Competitive Peers</h3>

	CSOP will be competing with the Deutsche X-Trackers Harvest CSI 300 China A-Shares ETF (NYSE: <a class="ticker" href="/stock/ashr#NYSE">ASHR</a>), now with more than $1 billion in assets; KraneShares Bosera MSCI China A-Shares ETF (KraneShares Trust) (NYSE: <a class="ticker" href="/stock/kba#NYSE">KBA</a>) and the Market Vectors China AMC A-Share ETF (Market Vectors ETF Trust) (NYSE: <a class="ticker" href="/stock/pek#NYSE">PEK</a>).

	AFTY, however, is not joining the U.S listed A-shares race empty-handed. CSOP&#39;s listing took in the largest initial capital investment among all U.S.-listed equity ETFs since 2007. The initial investment totaled $237 million in assets equating to 13.96 million shares.
<h3>
	A Closer Look At AFTY</h3>

	In terms of the strategy and makeup of the ETF, AFTY comprises 50 of the largest companies in the China A-shares market across nine sectors. Financials make up 68 percent of the portfolio, followed by consumer staples at 5 percent.

	The top individual holdings include:
<ul>
<li>
		Ping An Insurance (OTC: <a class="ticker" href="/stock/piaif#OTC">PIAIF</a>) at 9 percent</li>
<li>
		Citic Securities (OTC: <a class="ticker" href="/stock/ciihf#OTC">CIIHF</a>) making up 6.1 percent</li>
<li>
		China Merchants Bank (OTC: <a class="ticker" href="/stock/cihhf#OTC">CIHHF</a>) at 5.7 percent</li>
</ul>

	The ETF began trading on March 12 at $17.72 and has an expense ratio of 0.99 percent.

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