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Express News | Multiple small and medium-sized banks in various regions have announced a decrease in deposit interest rates.
Express News | CITIC SEC: Bank stocks' valuation is backed by fundamentals, cementing dividend yield space certainty.
Selected Announcement: From January to May, Metallurgical Corporation of China signed new overseas contracts totaling more than double the amount of the same period last year; Vanke applied for a loan of 4.1 billion yuan from Postal Savings Bank of China.
China Shenhua Energy: coal sales volume in the first five months was 190.5 million tons, a year-on-year increase of 5.3%. Simcere Pharma's board of directors has resolved to exercise the repurchase authorization to repurchase shares on the open market in a total amount not exceeding 500 million yuan.
China Vanke (02202.HK) applied for a RMB 4.1 billion loan from Postal Savings Bank of China (01658.HK).
China Vanke (02202.HK) announced that in order to meet operational needs, the company has applied for a loan of 4.1 billion RMB from the Postal Savings Bank of China (01658.HK) with a term of three years. The company's holding subsidiaries, Xi'an Wanguo and Xuzhou Wanzhetong, provide guarantees for the related loans through the mortgage of the project assets they hold.
Express News | Vanke: Applied for a total of 4.1 billion yuan loan from Postal Savings Bank of China, with a 3-year term and collateral provided by two subsidiaries.
Express News | CITIC SEC believes that continuous real estate finance policies will change the expectations of bank real estate debt risks.
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