The Min-Hong Science and Innovation Project and Financial Roadshow Event Successfully Held in Hong Kong

On May 15, a roadshow event themed 'Converging Financial Capital to Empower the Real Economy,' co-hosted by the Fujian Provincial Local Financial Supervision and Administration Bureau and Industrial Securities, was held in Hong Kong. To promote higher-level integration of technology, industry, and capital between Fujian and Hong Kong, this event meticulously built a platform for targeted matchmaking, attracting over 300 high-quality enterprises, academic institutions, financial organizations, and investment firms from both regions. The event focused on facilitating efficient connections between quality industries and capital, helping outstanding science and innovation projects from Fujian and Hong Kong link to global resources and expand development opportunities. During the first half of the event, the 'Fujian-Hong Kong Technology Finance Lounge' was inaugurated, along with the unveiling of the 'Fujian

Gelonghui FinanceMay 15 18:41

JPMorgan noted that mainland China’s credit data for April significantly underperformed expectations, favoring the four major banks as a defensive allocation.

JPMorgan published a research report indicating that China's credit data in April was significantly weaker than expected, with both aggregate financing and new RMB loans falling far below market consensus and the bank’s forecasts. Notably, the contraction in household loans and corporate loans for the month reached record highs. The bank believes that the weak credit performance in April was partly due to seasonal factors, but the magnitude exceeded expectations. It recommends adopting a more defensive portfolio stance while favoring the four major state-owned banks with stronger loan pipelines. The report highlighted that aggregate financing in April amounted to RMB 620 billion (hereinafter the same), approximately half of the market expectation of RMB 1.25 trillion and JPMorgan’s forecast of RMB 1.24 trillion.

AASTOCKSMay 15 11:53

Daily processing capacity increased 16-fold, response time reduced tenfold... With AI deeply integrated into bond trading, what other potential applications are there for fixed-income investment research?

①The optimization of AI in bond trading generally follows the process of 'intelligent pricing - precise matching - rapid settlement.' ②In response to lengthy workflow tasks within investment research scenarios, OpenClaw ensures stable operation through various mechanisms, addressing the limitations of traditional large models in handling long tasks at the architectural level.

cls.cnMay 14 17:00

Jefferies: Chinese banks are expected to remain stable and perform well this year, with a preference for Bank of China (03988.HK) and Ningbo Bank (002142.SZ).

Jefferies published a research report predicting that the profitability of China's banking sector will steadily improve by 2026, supported by a mild recovery in the macroeconomy and low policy volatility. The firm anticipates a slower pace of net interest margin contraction, driving a recovery in net interest income growth. It forecasts a full recovery in pre-provision operating profits for covered banks by 2026, with annual profit growth reaching approximately 3.4%. The report highlights that capital flows will continue to support the domestic banking sector, particularly as insurance companies, under new accounting standards, have stronger incentives to increase allocations to high-yield equities classified under FVOCI accounts, expecting them to become consistent and stable marginal buyers. The firm believes that the domestic banking sector...

AASTOCKSMay 14 12:02

Hong Kong stocks movement | Mainland bank shares generally rose, with Bank of China up about 2%, hitting another record high.

Gelonghui, May 14 | Hong Kong-listed mainland bank stocks generally rose, with Bank of China up by approximately 2%, hitting a new high of HKD 5.33 during the trading session! Qingdao Bank rose by 1.8%, Bank of Communications gained over 1%, and China Merchants Bank, Postal Savings Bank of China, and ICBC increased by 0.8%. Both China Construction Bank, Agricultural Bank of China, and China Everbright Bank recorded gains. The rise in mainland bank stocks today was mainly driven by two factors: first, high dividend yields are highly attractive in a low-interest-rate environment; second, the market expects that the policy to reduce or exempt dividend withholding taxes under the Shanghai-Hong Kong Stock Connect program may be implemented, further boosting the valuation of bank stocks. Currently, the Hang Seng Index's dividend yield is approximately 4.1%, and

Gelonghui FinanceMay 14 10:28

Agricultural Bank of China (01288.HK) has completed the issuance of RMB 35 billion in Tier 2 capital bonds.

Agricultural Bank of China (01288.HK) announced the completion of the issuance of its Tier 2 Capital Bonds (Phase I) due 2026 in the National Interbank Bond Market. The total issuance size amounted to RMB 35 billion (hereinafter the same), divided into two tranches. Tranche one consists of 10-year fixed-rate bonds with an issuance size of RMB 33 billion, a coupon rate of 1.97%, and includes an issuer call option exercisable at the end of the fifth year under specified conditions. Tranche two comprises 15-year fixed-rate bonds with an issuance size of RMB 2 billion, a coupon rate of 2.27%, and includes an issuer call option exercisable at the end of the tenth year under specified conditions. The proceeds from this bond issuance will be utilized in accordance with applicable laws and regulations.

AASTOCKSMay 13 09:39