Express News | CSRC: Approves registration of Guotai Haitong China Construction Rental Housing Closed-end Infrastructure Securities Investment Fund

BreakingsAug 18 18:05

Notification of Board Meeting

HKEXAug 18 17:32 · Announcements

A new landscape has indeed emerged in ETF custody: Industrial and Commercial Bank of China's market share has plummeted, broker-affiliated custodians are gaining ground, and concentration among top players is declining.

1. The total assets under custody for ETFs across the entire market shrank by over RMB 1.14 trillion in the first half of the year, falling from a peak of RMB 5.59 trillion at the beginning of the year to RMB 4.45 trillion; 2. Market concentration among top players has significantly eased, with the combined market share of the top five declining from 74.14% to 65.34%; 3. Several large-cap broad-based ETFs experienced redemptions, while ICBC, the leading custodian, saw its market share drop by nearly 10 percentage points. In contrast, brokerage-affiliated firms bucked the trend, securing eight of the top ten spots for net inflows year-to-date.

cls.cnAug 18 11:12

Xiamen Tungsten Issues 500 Million Yuan of 270-Day Bonds

MT NewswiresAug 17 12:06

Agency and fiduciary fee income at select banks rose 27.6% year-on-year, marking the entry of bank-fund cooperation into an era of collaborative strategy development.

1) The latest interim report released by Ping An Bank shows that its agency and entrusted service fee income reached RMB 3.986 billion, a year-on-year increase of 27.6%; 2) China Merchants Bank's retail assets under management (AUM) balance exceeded RMB 18 trillion, an increase of over RMB 2 trillion compared to the same period last year; 3) Leading banks are transitioning from their traditional role as product distributors to ecosystem orchestrators, intensively launching curated fund brands and promoting a new model of bank-fund cooperation characterized by "joint strategy development and co-branding."

cls.cnAug 16 13:11

Major Banks Bolster Capital While Small and Medium-Sized Banks Sit Out: Issuance of Tier 2 Capital and Perpetual Bonds Surpasses RMB 1.3 Trillion Year-to-Date

As of August 11, commercial banks had issued over RMB 1.3 trillion in tier-2 capital bonds and perpetual bonds (hereinafter referred to as "tier-2 and perpetual bonds") this year. Of this amount, issuance of tier-2 capital bonds exceeded RMB 730 billion, while perpetual bond issuance surpassed RMB 580 billion. The six major state-owned banks collectively issued RMB 825 billion, accounting for more than 60% of the total market issuance. This surge is not merely a result of proactive financing in a low-interest-rate environment; rather, it is driven by several concurrent forces: narrowing net interest margins are eroding retained earnings, maturing debt is creating refinancing pressure, and Global Systemically Important Banks (G-SIBs) are facing deadlines to meet Total Loss-Absorbing Capacity (TLAC) requirements, all prompting banks to urgently replenish capital.

wallstreetcnAug 13 20:32