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The State-owned Assets Supervision and Administration Commission of the State Council: unswervingly strengthen, optimize, and expand state-owned capital and state-owned enterprises.
The 2025 Issue 6 of the "Seeking Truth" magazine published a signed article by the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council titled "Unwaveringly Strengthening, Optimizing and Expanding State-owned Capital and State-owned Enterprises."
Dividend Assets have become attractive again! The Hang Seng Index has dropped over 1400 points in the last five days, while high-yield stocks such as Coal Banks "refuse to correct."
① The Hang Seng Index has fallen more than 1,400 points in the past five days. Why do dividend-paying Assets remain resilient? ② High-yield stocks such as Coal and Banks "refuse to retreat". What bullish factors may continue to drive the market?
Many Banks have announced a reduction in the dividend rate of preferred stocks, industry insiders say this has little impact on the value of Assets allocation.
Gelonghui, March 13 | According to each news, recently, multiple banks have taken new actions - lowering the dividend rate on preferred shares. For example, Shanghai Pudong Development Bank announced on March 11 that it would adjust the dividend rate on its preferred shares phase II on that day. Before the adjustment, the dividend rate for its 'Pudong Preferred 2' was 4.81%; after the adjustment, it will be 3.80%, a decrease of more than 1 percentage point.
Multiple large and medium-sized Banks have experienced an inverted deposit rate. Experts expect market interest rates to continue to decline.
On March 12, according to the Securities Daily, the phenomenon of "inverted" bank deposit rates has become increasingly prominent recently. Following several regional small and medium-sized banks experiencing an inverted yield on short-term and long-term deposits, large and medium-sized banks like Industrial And Commercial Bank Of China, China Construction Bank Corporation, CM BANK, and China CITIC Bank Corporation have also successively experienced inverted short-term and long-term deposit rates.
Several large and medium-sized Banks have inverted deposit interest rates, with some Banks offering lower rates for 5-year deposits compared to 1-year deposits.
According to the Guangzhou Daily, the interest rate inversion has spread to domestic large and medium-sized Banks.
CITIC SEC: Market style stabilizes, Banks stocks are expected to continue a steady upward trend.
Overall, the policies since the fourth quarter have a direct effect on stabilizing financial risks. During the Two Sessions, the likelihood of those policies significantly exceeding expectations is low, but the 'uncertain' policies are moving towards 'certainty'. Therefore, bank stocks are expected to continue a steady upward trend.