601988 Bank Of China
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Bank Of China News
Express News | Raised over 20 billion on the first day of issuance, 8 banks selling the CSI A500 off-exchange fund.
Express News | The IDF claims to have greater freedom of aerial operations in Iran.
Express News | Israeli military: The intrusion detection system has targeted ground-to-air missile arrays and Iran's additional aerial capabilities, aiming to restrict Israel's aerial operations in Iran.
Express News | Bank of China Shanghai Branch has established a special mechanism to support financing for small and micro enterprises.
When will the repricing cycle change after the adjustment of the existing house loan interest rate? ICBC and CMB are already preparing relevant work, while many banks have no plans yet.
Industrial and Commercial Bank of China and CM Bank stated that they are actively preparing for the relevant work of redefining the 'repricing date' for mortgage loans. Prior to this, the central bank announced that starting from November 1, 2024, individuals with commercial residential loans with contracts specifying floating interest rates can negotiate and agree on the repricing cycle with banks and financial institutions. Today's adjustment of existing mortgage loan rates only involves additions or deductions and does not involve changes to the repricing cycle.
Express News | PBOC official told Financial Times: The policy of lowering existing housing loan interest rates will have a series of positive impacts on the macroeconomy.
Sinotrans to Apply for 379 Million Yuan Loan to Buy Back Shares
Express News | Fitchpohua forecasts the grouping of global systemically important banks (G-SIBs) in 2024: Bank of America may drop a group.
The scale of MLF maturing in October is the largest since the beginning of the year! The central bank will continue to reduce the scale by 700 billion yuan at a reasonable price. Industry insiders: It is expected that the increase in bank loans will resum
The MLF operation rate remained unchanged in October, with an operation scale of 700 billion. The MLF maturing amount for the month was 789 billion, the largest maturing scale since the beginning of the year. This indicates a slight reduction operation for the month.
Express News | The issuance of the CSI A500 index off-exchange is hot. Taikang sold 3 billion, and GF sold 1.2 billion.
Express News | Just over 1 hour, more than ten CSI A500 off-venue funds were collectively sold for over 5 billion.
Adjustments starting from today! Major commercial banks are adjusting the existing housing loan interest rates in bulk. Some small and medium-sized banks will complete the adjustments by the end of the month. A 1.25 million 25-year housing loan in Peking
1. Today, major commercial banks such as Industrial and Commercial banks, Agricultural banks, Central banks, Construction banks, Bank of Communications, and Postal Savings Bank of China have collectively adjusted the interest rates of existing housing loans that meet the criteria in batches, with some small and medium-sized banks expected to complete the process by the end of the month at the latest. 2. Under the combined effects of recent real estate support policies, there are certain signs of the real estate market hitting a bottom and stabilizing, thereby easing the phenomenon of early repayment of loans.
Starting today, there will be a reduction in the interest rates on existing housing loans! Significantly alleviating the burden of mortgage interest.
The increment for the eligible existing housing loan interest rates in this round will be adjusted to a deduction of "minus 30 basis points" on the loan market quote rate (LPR) basis, with an expected average decrease of around 0.5 percentage points in existing housing loan rates. Overall, borrowers are estimated to save 150 billion yuan in interest expenses, benefiting 50 million households and 0.15 billion individuals.
Express News | Just half an hour after going on sale, China Merchants Bank sold over 2 billion worth of Taikang CSI A500ETF Linked Fund.
Existing home loan interest rates were adjusted in batches today, with clients in Shanghai owning two properties seeing a reduction of 65 basis points.
Starting today, most existing housing loans will undergo batch adjustments. State-owned large banks and other banks have already completed the adjustment of mortgage rates, while the adjustment for some small and medium-sized banks may be slightly delayed.
Adjust as scheduled! The adjustment of existing housing loans for six major banks and many joint-stock banks has been implemented in batches, with some large banks already adjusted after 23:00 on the 24th.
① As of now, six state-owned major banks and multiple joint-stock banks have started the bulk adjustment work of existing property mortgage interest rates. ② Some major banks have been adjusting gradually in the background to ensure a unified adjustment on the 25th, starting after 23:00 on October 24. ③ Users have shared screenshots showing that after the adjustment of existing property mortgage interest rates on October 25, the rate dropped from 4.8% to 3.9%, resulting in a reduction of over 0.02 million yuan in interest expenses.
Express News | Some banks have successfully implemented batch reductions in existing housing loan interest rates.
Express News | Two major innovative financial instruments are implemented, and banks quickly layout to secure the first batch of customers.
12 joint-stock banks have completed a new round of deposit rate reduction. While the interest rates are generally falling, some banks are still issuing large-denomination certificates of deposit that are being snapped up. Will there be further reductions
1. The current banks have started a new round of deposit interest rate cuts, which is of great significance for stabilizing interest margins, thereby ensuring the stable operation of commercial banks and continuously increasing support for real economy financing. 2. The current banks need to better manage the liability side, the key is to proactively predict interest rate trends and make policy adjustments.
Express News | Central bank policy tools are gradually being implemented, and banks are taking action intensively.
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