GO
| HSI1 | 23,093.37 | +158.69 | 249.78B |
| HSCEI1 | 7,756.25 | +67.06 | 87.14B |
| Back Zoom + Zoom - Block Traded | |
|
Huawei Reportedly Secures RMB15 billion Syndicated Loan, with Participation from BANK OF CHINA (03988.HK), CCB (00939.HK) and ICBC (01398.HK)
2026-10-22 16:11:10 Bloomberg, citing sources, reported that Huawei has secured a RMB15 billion syndicated loan to support surging chip expenditure related to AI projects. The seven-year offshore RMB loan was reportedly provided by six Chinese banks, including BANK OF CHINA (03988.HK), CCB (00939.HK) and ICBC (01398.HK). The proceeds will be used for general corporate purposes. Huawei's R&D spending increased to RMB121 billion in 1H26. Coupled with soaring memory chip costs that forced the company to stockpile inventory, Huawei recorded negative cash flow of RMB39.9 billion. (mn/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |