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.

cls.cnMay 11 15:59

Minsheng Bank is still in 'extreme defense'.

The financial statements of commercial banks often serve as the most sensitive indicator of macroeconomic cycles. Amid consecutive cuts in the Loan Prime Rate and widespread pressure on net interest margins in the banking sector...

wallstreetcnMay 11 11:22

Minsheng Bank (01988) plans to acquire a 10% stake in Shanghai Songjiang Minsheng Rural Bank for 45.45 million yuan.

Minsheng Bank (01988) announced that, in order to further increase its shareholding ratio in Shanghai Songjiang Minsheng Rural Bank, the bank has signed a 'Share Transfer Agreement' with Gentech Life. Under this agreement, Minsheng Bank will acquire 15 million shares, representing a 10% stake, in Shanghai Songjiang Minsheng Rural Bank from Gentech Life for a transaction amount of RMB 45.45 million. The funding for this transaction will come from the bank's own capital.

Zhitong FinanceMay 8 22:13

Listed banks' Q1 retail AUM surpassed 25 trillion yuan at its peak, with wealth management fee income increasing by over 50% at the highest. Third-party distribution played a key role.

①The retail AUM of eight banks that have disclosed their AUM all achieved positive quarter-on-quarter growth in the first quarter, with Agricultural Bank's AUM surpassing 25 trillion yuan. The number of private banking clients expanded rapidly, and for the first time, a joint-stock bank had over 200,000 private banking clients. ②Wealth management fee income showed overall recovery; state-owned large banks maintained leading fee income volumes, while joint-stock banks experienced differentiated growth rates ranging from -9% to +55%.

cls.cnMay 7 12:22

BofA Securities: Hong Kong-listed Chinese banks' Q1 earnings exceeded expectations, with ICBC (01398) and China Construction Bank (00939) being the top picks.

The bank maintains a constructive view on the industry due to its robust dividend yield of approximately 5%, stabilized revenue growth, defensive characteristics, and regulatory moat that enables it to withstand AI-related disruptions.

Zhitong FinanceMay 6 10:58

Zhongtai Securities released a consolidated earnings report for 42 banks covering 2025 and the first quarter of 2026: Highly correlated with economic models, stabilized interest margins drove revenue surpassing expectations.

Looking ahead, the stabilization of interest rate spreads, steady growth in fee income, and a significant reduction in other non-interest pressures are expected to drive robust performance growth for the full year.

Zhitong FinanceMay 6 07:30