Sy's China Bank rejoins PSE Index after 14 years, 100% stock surge

February 4, 2025
4:40PM PHT
Hans Sy 
Chinabank chair 

After 14 years, the Sy family-controlled China Banking Corp. made a comeback to the 30-member Philippine Stock Exchange Index (PSEi) on Feb. 3, 2025.

Its stock price soared over 100 percent in 2024, fueled by record earnings and strong investor confidence. As of September last year,  CBC had P1.6 trillion in total assets and posted a net income of P18.4 billion, making it the 13th most profitable company in 2023. 

“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 CEO Romeo Uyan Jr. said.

Romeo Uyan Jr.
Chinabank president, CEO 

The surge in its stock price helped CBC meet PSEi’s strict liquidity and market capitalization requirements, ranking 18th in market value as of Jan. 31, 2025. 

"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,” said Chinabank chief finance officer Patrick Cheng

The bank was last included in the PSEi from May 2010 to May 2011, and this return signals its growing strength in the financial sector.

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