CMB MAR7 (CMB2703) News

The large-denomination certificate of deposit market is witnessing a rare interest rate "scissors gap," with short-term rates falling below 1% while long-term rates rise against the trend, forcing banks to stretch their limits to preserve net interest mar

1. The average interest rate on large-denomination certificates of deposit (CDs) with short-to-medium tenors has declined significantly, primarily because banks are proactively reducing their funding costs amid historically low net interest margins. 2. With the net interest margin compressed to a historic low of 1.40%, banks are struggling to balance cost control and liability stability through differentiated strategies: lowering rates to reduce burdens on the short end of the yield curve, while capping volumes to lock in customers on the long end.

cls.cnAug 13 19:27

China Merchants Bank's AIC, established less than a year ago, plans to apply for a private equity fund manager license to expand its direct investment scale in technology enterprises.

① Major banks' financial asset investment companies (AICs) have all established a large number of limited partnership funds. However, the AICs established last year—Zhao Yin, Xin Yin, and Xing Yin—do not yet have private equity fund data. ② The proprietary capital of AICs will focus on their core business of medium- to long-term debt-to-equity swaps. If they establish private equity subsidiaries, they can raise industrial funds from external investors, thereby leveraging their capital and creating synergies with the AICs and traditional financial services.

cls.cnAug 13 18:21

Zhitong AH Statistics | August 13

AH Statistics | August 13

Zhitong FinanceAug 13 16:15

ZHITONG AH Statistics | August 11

AH Statistics | August 11

Zhitong FinanceAug 11 16:15

ZHITONG AH Statistics | August 10

AH Statistics | August 10

Zhitong FinanceAug 10 16:15

ZHITONG AH Statistics | August 7

AH Statistics | August 7

Zhitong FinanceAug 7 16:15

ZHITONG AH Statistics | August 6

AH Statistics | August 6

Zhitong FinanceAug 6 16:15

ZHITONG AH Statistics | August 5

AH Statistics | August 5

Zhitong FinanceAug 5 16:15

The first transaction by a western-region legal-entity institution has been completed, and the application scope of the new loan pricing benchmark continues to expand, potentially affecting different banks to varying degrees.

① Following the implementation of DR-based lending by nationwide banks and banks in eastern regions, the use of the DR benchmark rate for loans is now expanding further into western China; ② Bank of Chengdu announced that it has issued the first DR-based corporate loan by a locally incorporated financial institution in western China, using DR001 as the loan pricing benchmark; ③ As the number of institutions participating in DR-linked lending gradually increases, industry experts have cautioned about the potential pressure on banks’ net interest margins from a rapid, large-scale shift to DR-based pricing.

cls.cnAug 5 16:14

ZHITONG AH Statistics | August 4

AH Statistics | August 4

Zhitong FinanceAug 4 16:15

China Feihe (06186) subscribed to a financial product issued by China Merchants Bank.

China Feihe Limited (HKEX: 06186) announced that the Group has subscribed to wealth management products and structured deposits offered by China Merchants Bank and its branches in 2025 and 2026. As of the date of this announcement, the aggregate outstanding principal amount of such wealth management products and structured deposits subscribed by the Group from China Merchants Bank and its branches amounts to RMB 1.4 billion.

Zhitong FinanceAug 3 19:14

ZHITONG AH Statistics | August 3

AH Statistics | August 3

Zhitong FinanceAug 3 16:15

ZHITONG AH Statistics | July 31

AH Statistics | July 31

Zhitong FinanceJul 31 16:15

Express News | On-site at the 12th batch of national centralized drug procurement: Multiple financial institutions present to introduce service products such as 'Centralized Procurement Loans' and 'BD Loans'

Reporters from Caixin observed at the bid-opening site of the 12th batch of nationally organized centralized volume-based drug procurement that financial institutions including Bank of China, China Export & Credit Insurance Corporation, China Merchants Bank, Shanghai Pudong Development Bank, and Bank of Shanghai, along with organizations such as the China Drug Price Registration System, set up service booths on-site to introduce relevant services—including 'Centralized Procurement Loans,' 'BD Loans,' 'Pipeline R&D Loans,' and 'Drug Price Registration'—to participating companies. On-site staff informed reporters that after being selected in the centralized procurement process, some enterprises—particularly first-time winners—may face short-term cash flow pressures, and interest rates on related loan products can be as low as below 3%, helping alleviate their funding burdens.

BreakingsJul 31 10:45

Hong Kong Market Close: A Tale of Two Extremes! Shares of the Big Five Banks Hit Record Highs, Semiconductor Stocks Continue to Plunge Sharply, and New Oriental Surges 19%

The three major Hong Kong stock indices showed significant divergence. The Hang Seng Tech Index, dragged down by the semiconductor sector, posted the largest decline, while the Hang Seng Index and the Hang Seng China Enterprises Index closed higher, supported by gains in sectors such as oil and banking. At the close, the Hang Seng Index and the Hang Seng China Enterprises Index rose by 0.2% and 0.25%, respectively, whereas the Hang Seng Tech Index declined by 1.25%, reflecting relative weakness. In sector performance, large-cap internet and tech stocks that had been on a sustained rally saw some of their gains reverse: Xiaomi fell 2.6% after surging nearly 9% the previous day, Alibaba dropped 1.58%, Baidu declined by approximately 1%, while JD.com, Tencent, and Meituan continued to rise. Amid heightened tensions in the Middle East, Brent crude oil prices climbed back above USD 90 per barrel, boosting the 'three oil majors.'

Gelonghui FinanceJul 30 16:19

ZHITONG AH Statistics | July 30

AH Statistics | July 30

Zhitong FinanceJul 30 16:15

Capital inflows and high dividend payouts drive the banking sector: ICBC and CCB hit record highs, while CMB returns to a market capitalization of over RMB 1 trillion

On July 30, the A-share market as a whole underwent a correction, while the banking sector strengthened against the broader market trend. As of the close of trading that day, Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB) closed at RMB 8.15...

wallstreetcnJul 30 15:53

The application scope of the new loan pricing benchmark has expanded! City commercial banks have joined the pilot program for DR-based interest rate loans, expected to become an important supplement to the pricing system.

① Bank of Shanghai disclosed on July 29 that it has recently executed the first DR-based interest rate loan among city commercial banks, with a size of RMB 50 million; ② Last week, several nationwide banks—including ICBC, China Merchants Bank, and Shanghai Pudong Development Bank—successively completed their respective first DR-based interest rate loans; ③ Industry insiders believe that as city commercial banks join the initiative, DR-based interest rate loans may further expand in application scope.

cls.cnJul 30 15:23

Hong Kong-listed bank stocks rose broadly, with the 'Big Five' banks all reaching record highs.

The banking sector rose against the broader market trend, with ICBC and China Construction Bank both hitting record highs. Bank ETFs—including Bosera Bank ETF, Huaan Bank ETF, Huatai-Peijun Bank ETF, Tianhong Bank ETF, Penghua Bank ETF, GF Bank ETF, China Fortune Bank ETF, Southern Bank ETF,华夏 Bank ETF, Huitianfu Bank ETF, and E Fund Bank ETF—all gained more than 1%. These bank ETFs passively track the CSI Bank Index, which comprises 42 listed banks on the A-share market. Nearly 30% of their holdings are allocated to large state-owned banks such as ICBC, Agricultural Bank of China, and Bank of Communications, capturing opportunities tied to the 'high dividend yield' theme; approximately 70% of the portfolio is concentrated in

Gelonghui FinanceJul 30 13:17

Earning Nearly RMB 100 Billion Less in Just Six Months: How Can Bank Wealth Management Products Break Free from the 'Low-Yield Trap'?

Yield declined by 75 basis points over two years

wallstreetcnJul 29 22:17