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ABC: 2024 Annual Report
Express News | Hong Kong stocks in China Mainland Banking surged in the afternoon, with Bank Of Chongqing rising over 5%.
People's Bank: Still studying a rich toolbox of policy instruments, will timely cut the reserve requirement ratio and interest rates, and launch incremental policies.
Zou Lan, Vice Governor of the People's Bank of China, stated that the bank will accelerate the implementation of a more proactive macro policy in accordance with the spirit of the Central Political Bureau meeting, effectively utilizing a moderately relaxed MMF policy. Based on domestic and international economic conditions and the running of financial markets, timely adjustments on reserve requirements and interest rates will be made to maintain ample liquidity. The dual functionality of the total amount and structure of monetary policy tools will be fully utilized, and new structural monetary policy tools will be created, focusing on key areas to stabilize employment and growth, and ensure precise financial support. This includes strengthening efforts to stabilize employment, promoting the implementation of entrepreneurial guarantee loan policies with greater intensity, and increasing support for migrant workers returning to their hometowns, new citizens, university graduates, and women.
Express News | Tong Weihua, Secretary of the Party Committee and Director of the Hebei Securities Regulatory Bureau, led a team to conduct research at Hebei Steel.
The pressure for transformation in the Retail Trade of Banks has become prominent, with nearly 30 credit card sub-centers shutting down this year.
Commercial Banks are intensively shutting down remote credit card centers.
The Agricultural Bank Of China (01288.HK) plans to list $0.8 billion floating rate notes effective April 28.
On April 25, Glencore reported that Agricultural Bank Of China (01288.HK) announced that the Hong Kong branch of China Agricultural Bank Co., Ltd. will issue 0.8 billion USD floating rate notes maturing in 2028. The listing and Trade permits for the notes are expected to take effect on April 28, 2025.