600016 China Minsheng Banking Corp.,Ltd.
- 3.91
- +0.02+0.51%
China Minsheng Banking Corp.,Ltd. News
Express News | Minsheng Bank: On the grounds of a financial loan contract dispute, the Beijing branch filed a lawsuit against Oceanwide Group, Oceanwide Holdings, Oceanwide Real Estate, Oceanwide Equity Investment, Spark Real Estate, Wuhan Central Company, Oceanwide Con
Banks' non-interest income is growing rapidly, and bond yields are contributing to the “main force”, and future high returns are questionable
Financial Services Association, May 10 (Reporter Cao Yunyi) In an industry trend where net interest spreads continue to be pressured, other non-interest income has become the highlight of bank revenue. The data shows that investment income as a share of total bank revenue is rising rapidly.
Intraday Overview | Hong Kong stock trends diverge, high dividend concept carnival; domestic housing stocks skyrocketed, Shimao Group rose more than 50%
The Hong Kong Stock Exchange rose more than 6%. Reports say Hong Kong Stock Connect's dividend tax may be reduced, and the listing of Saudi companies in Hong Kong is just around the corner.
Following China Merchants Bank, Minsheng Bank also removed medium- to long-term large deposit certificates and time deposits will become the main marketing products of various banks
Since China Merchants Bank removed medium- to long-term large deposit certificates, recently, Minsheng Bank also removed large deposit statements with a term of half a year or more. The reporter learned that currently, some banks have stopped selling three-year or even two-year large deposit certificates. However, interest rates for large deposits that currently still have a limited amount have no advantage over time deposits of a fixed period. In this context, medium- to long-term term deposits with low thresholds and relatively high returns have become the focus of marketing for various banks. According to industry experts, interest rates on deposits are likely to continue to decline in the future. It is expected that the second half of the year will see another reduction in deposit interest rates, and interest rates for issuing large deposit certificates will gradually decline along with deposit interest rates.
Private Companies Own 35% of China Minsheng Banking Corp., Ltd. (SHSE:600016) Shares but Retail Investors Control 41% of the Company
Key Insights The considerable ownership by retail investors in China Minsheng Banking indicates that they collectively have a greater say in management and business strategy A total of 10 investors
There are also banks that “take action” on large deposit slips! Minsheng Bank suspends sales of large deposit certificates with a term of half a year or more, and bank pressure drops and high-cost deposit products continues
① Since May 7, Minsheng Bank has stopped selling large deposit certificate products with a term of half a year or more. Interest rates on specialty deposit products with a term of three or five years have exceeded 5BP for large deposit certificates. ② Experts pointed out that the purpose of banks suspending the sale of long-term large deposit certificates is to ease the pressure of narrowing net interest spreads by reducing long-term high-interest debt and reducing debt-side costs. But at the same time, the difficulty of collecting savings will also increase, and banks will need to explore more diversified savings channels.
Express News | From May 7, Minsheng Bank will stop selling large deposit slip products with a term of half a year or more
Private bank executives will also have rules to follow when carrying out their duties. The Fujian Regulatory Bureau issued the industry's first relevant document, making it clear that incompetent executives should be held accountable and resign
The banking industry is highly regulated, and even private banks known for their pioneering, innovative and flexible mechanisms are no exception.
Minsheng Bank: Plans to fully redeem the “19 Minsheng Bank Perpetual Debt” on June 4
China Minsheng Bank Co., Ltd. announced that the company plans to exercise the “19 Minsheng Bank Perpetual Bond” redemption option on June 4, 2024, and the issuer will redeem 40 billion yuan.
Express News | Guoxin Securities: The bank's first quarter results may be the bottom area in recent years
Minsheng Bank (600016): Asset Quality Improvement
Key investment points Minsheng Bank's 2024Q1 revenue and profit are under pressure, and asset quality has improved. Performance Overview Minsheng Bank's 24Q1 revenue and net profit to mother decreased by 5.6% and 6.8%, respectively. The non-performing rate at the end of 24Q1 compared to 23Q4
China Minsheng Bank Gets Regulatory Clearance for President Appointment
China Minsheng Banking (HKG:1988, SHA:600016) said China's National Financial Regulatory Administration has approved the qualifications of Wang Xiaoyong as president of the bank, according to a Tuesda
China Minsheng Banking Issues 30 Billion Yuan of Tier-II Capital Bonds
China Minsheng Banking (HKG:1988) completed the issue of 30 billion yuan of Tier-II capital bonds, according to a Tuesday filing on the Hong Kong bourse. The bonds have a 10-year tenor and a 2.50% cou
Express News | Minsheng Bank: Governor Wang Xiaoyong's qualifications approved
Minsheng Bank (600016.SH): Governor's qualification approved by the State Financial Supervisory Administration
Gelonghui, April 30丨Minsheng Bank (600016.SH) announced that on April 30, 2024, the company received the “China Financial Supervisory Authority's Approval on Minsheng Bank Wang Xiaoyong's Eligibility” (Jin Fu (2024) No. 303) and approved Mr. Wang Xiaoyong's qualification as the Bank's governor. According to relevant regulations, Mr. Wang Xiaoyong took office as the Bank's governor from the date his qualifications were approved.
Minsheng Bank (600016.SH) successfully issued 30 billion yuan of secondary capital bonds
Gelonghui, April 30 | Minsheng Bank (600016.SH) announced that with the approval of the China Financial Supervisory Administration and the People's Bank of China, it successfully issued the “China Minsheng Bank Co., Ltd. 2024 First Tier 2 Capital Bonds” in the national interbank bond market, and completed the registration and custody of the bonds at Interbank Market Clearing House Co., Ltd. The current bond was recorded on April 25, 2024, and the issuance was completed on April 29, 2024. The issuance scale is RMB 30 billion. The bonds are 10-year fixed interest rate bonds with conditional issuer redemption rights at the end of the 5th year
China Minsheng Banking's Profit, Operating Income Slip in Q1
China Minsheng Banking (HKG:1988, SHA:600016) recorded a net profit attributable to owners of 13.4 billion yuan in the first quarter of the year, slipping 5.6% from 14.2 billion yuan in the prior year
Minsheng Bank (600016): From asset quality to ongoing revenue improvement
The 1Q24 results are in line with our expectations, Minsheng Bank released 1Q24 results. The company's revenue for the first quarter decreased by 6.8% year on year, and net profit to mother decreased by 5.6% year on year. The results were in line with our expectations. Development trends, continued asset quality burden
Minsheng Banking: Lower Interest Income, Decrease in Revenue From Fees, Commission Weighed on Results >1988.HK
Minsheng Banking: Lower Interest Income, Decrease in Revenue From Fees, Commission Weighed on Results >1988.HK
China Minsheng Banking 1Q Net CNY13.43B Vs. Net CNY14.23B >1988.HK
China Minsheng Banking 1Q Net CNY13.43B Vs. Net CNY14.23B >1988.HK
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