In response to shifting deposits, several leading banks are intensifying their 'stringent selection' processes. What new strategies will another major bank adopt upon joining the list?
① Similar to China Merchants Bank's actions, ICBC launched its fund sales service brand 'Gongying Research Selection,' while CCB introduced its carefully curated fund brand 'Longying FOF'; ② Each bank’s carefully selected fund brand adopts different strategies, but all have moved away from the traditional 'shelf consignment' model, instead building competitive advantages through research and investment capabilities.
Pre-Market News Highlights for A-Share Market (2026-05-13)
Mini Program: Pre-Market News Highlights for A-Share Market 1. MSCI China Index Adjustment: 22 New Inclusions MSCI (Morgan Stanley Capital International), an international index compiler, announced the results of its quarterly index review for May 2026. The adjustments will take effect after the market close on May 29. Notably, the MSCI China Index has added 22 new stocks, including Guangku Technology, Changfei Optical Fiber, and Shengke Communications. Meanwhile, NetEase Cloud Music, O-Film Tech, Goodix Technology, Meitu, and Gongniu Group are among the 24 stocks removed from the index. 2. Foreign Investors Increase Holdings in Chinese Assets, with Rising Equity Values.
The solid-state battery industry summit is approaching, with the industrialization process continuing to advance, and these stocks frequently being surveyed by institutions.
The 3rd AEPT Solid-State Battery Industry Summit and the 2026 Starting Point Solid-State Battery Technology Forum will be held in Shanghai from June 16 to 17, 2026.
Another deal! Hengrui Pharma partners with BMS in strategic collaboration with a potential transaction value of $15.2 billion | Flash Report
① Hengrui and BMS have signed an agreement to jointly advance 13 early-stage projects covering oncology, hematology, and immunology; ② BMS will pay an upfront fee of $600 million and an anniversary payment of $350 million, with milestone payments reaching approximately $15.2 billion. Hengrui is also entitled to receive sales royalties; ③ This represents a two-way licensing collaboration, with Hengrui obtaining the rights to four of BMS's immunology projects in China. The agreement is expected to close in the third quarter of 2026.
60% of A/H share listed automakers reported year-on-year sales growth in April, with the new energy vehicle penetration rate surpassing 60% for the first time and exports continuing to grow significantly.
①In April, retail sales of new energy passenger vehicles reached 849,000 units, representing a year-on-year decrease of 6.8%. The penetration rate exceeded 60% for the first time, reaching 61.4%. ②In April, passenger vehicle exports (including complete vehicles and CKD) amounted to 769,000 units, marking an 80.7% year-on-year increase, continuing the robust growth trend. ③The market share of domestic brands remains strong, with traditional domestic automakers successfully transitioning. Meanwhile, export volumes have surged, driven by the dual engines of new energy vehicles and domestic brands, making overseas expansion a core growth driver.
Where did the 'deposit migration' go in the first quarter? The outflows were diversified, with 1.5 trillion yuan flowing into life insurance.
①In the first quarter of 2026, household deposits decreased by 1.5 trillion yuan year-on-year, while non-bank deposits increased by 2 trillion yuan year-on-year, indicating the presence of the “deposit migration” phenomenon. ②The short-term scale of migration remains relatively small, with a high retention rate of bank deposits, primarily due to low risk appetite among customer groups, innovative banking products, and the impact of peak loan disbursement periods. ③The flow of funds shows a diversified pattern rather than concentrating in a single area, and some directions do not fall within the standardized asset management sector.