Major Bank Ratings | UBS: Maintaining a constructive view of the Bank of China, optimistic about CMB and Credit Bank
Glonghui, May 22 | UBS released a report saying that the People's Bank of China announced plans to establish a 300 billion yuan affordable housing reloan mechanism as a new monetary policy tool to support local state-owned enterprises to purchase affordable housing. The 300 billion loan will account for 60% of the total loans from 21 banks, including policy banks, large state-owned banks, and joint stock banks, which means a total of 500 billion yuan in capital. UBS believes that banks may be more willing to participate this time around. First, compared to real estate developers and project companies in the past, this time the borrower will be a local state-owned enterprise or a local government financing guarantee company, which may
Southern Manganese (01091): China CITIC Bank's execution of the enterprise guarantee and the Southern Manganese Group's liquidation enterprise guarantee will be recognized as the company's loss
Zhitong Finance App News, Nanfang Manganese (01091) issued an announcement. The board of directors of the company hereby updates that the outstanding principal amount of the project financing loan was RMB 552 million, which was originally due on December 22, 2022. The outstanding principal amount of RMB 144 million was then extended until May 20, 2024, while the outstanding principal amount of RMB 409 million was then extended until July 20, 2024. Southern Manganese Group Co., Ltd. (Southern Manganese Group, formerly CITIC Dameng Mining Co., Ltd.) (a wholly-owned subsidiary of the company) provided China CITIC Bank with financing loans for the project
International Commercial Settlement (00147): Evernod Healthcare signs guarantee contract with China CITIC Bank in Fuzhou
Zhitong Finance App News, International Commercial Settlement (00147) announced that on March 14, 2024, the joint venture (as the borrower) signed a loan contract with China CITIC Bank Fuzhou (as the lender). Based on this, China CITIC Bank Fuzhou agreed to provide a loan of up to RMB 200 million to the joint venture. On May 21, 2024, Avonord Healthcare (as the guarantor) signed a guarantee contract with China CITIC Bank Fuzhou (as lender). According to this, Avonord Healthcare agreed to use China CITIC Bank Fuzhou as the beneficiary to guarantee the joint venture's repayment obligations under the loan agreement as collateral. On the same day,
Can banks actually benefit from the “four arrows going hand in hand” in real estate finance? Industry: Both people, real estate, and money are involved, and the impact on asset quality is better than pricing
Xiao Feifei, chief banking analyst at CITIC Securities, believes that in terms of current real estate finance logic, quality is more important than pricing.
Minsheng Securities: Bank AH Shares High Premium Nuggets H Shares High Dividends
Bank AH share premiums are still at historically high levels. On the one hand, tax policy expectations are improving, and premiums are expected to subside with financial support. On the other hand, the discount on H shares also brings dividend advantages. At the same time, it is also necessary to consider the relative disadvantages of liquidity and settlement efficiency in the H share market.
Is the collective “breaking” spell of listed banks expected to be broken? The net ratio of CMB and Changshu rebounded to 0.94. Industry: If it can break through, it will be beneficial to replenish capital
On May 16, the Financial Services Association reporter noticed that the net market ratio of China Merchants Bank and Changshu Bank had rebounded to 0.94, and it was just around the corner from getting rid of the “broken” hat. The net stock market ratios of many other banks have also returned above 0.9, with Bank of Ningbo and Bank of Chengdu reaching 0.92 and 0.91 respectively. However, before this round was triggered, the net market ratio of the 42 A-share listed banks once collectively fell below 0.9.
Exclusive | Large deposit slips, smart notification deposits are now replaced after adjustment, and China CITIC Bank changed the three-month automatic transfer product
After successive adjustments to “popular” deposit products, there are now quite a few alternative products
Pagoda Industrial Buys Wealth Management Products for 500 Million Yuan
Shenzhen Pagoda Industrial (Group) (HKG:2411) subscribed for three wealth management products from China CITIC Bank (HKG:0998, SHA:601998) and Bank of Beijing (SHA:601169) worth an aggregate of 500 mi
Express News | China Galaxy Securities: Continue to be optimistic about the allocation value of the banking sector
Express News | CICC: In the medium to long term, the opportunities outweigh the risks in the medium to long term, and may still be dominated by structural opportunities in the short term
After a good start, the bank's personal business remained fatigued. Many grassroots outlets said it was becoming more difficult to develop a business, and it was becoming more and more difficult to complete the assessment
Recently, a number of grassroots branch people from different banks told the Financial Association reporter that after a good start in the first quarter, personal banking business remained weak in April. The specific signs were that it became more difficult to develop grass-roots business, and the decline in commission income from dropshipping and wealth management was the most typical example, and employee assessments and income were directly affected to varying degrees.
China CITIC Bank (00998.HK): “CITIC Bonds Transfer” maintains AAA credit rating
Glonghui, May 13 | China CITIC Bank (00998.HK) announced that by tracking and rating the credit status of China CITIC Bank Co., Ltd. and “CITIC Bonds Transfer”, it was determined that the subject credit rating of China CITIC Bank Co., Ltd. remained AAA. The rating outlook remained stable, and the credit rating of “CITIC Bonds Convertible” remained AAA.
The benefits are frequent! Hong Kong stocks with high dividend stocks have collectively exploded. What do you think of the subsequent market?
CICC believes that if the Hong Kong Stock Connect dividend tax relief is implemented, it is expected to further boost the enthusiasm of mainland investors to invest in Hong Kong stocks, especially in high-dividend-related sectors, boost sentiment in the short term, and help improve the liquidity of the Hong Kong stock market in the long term.
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.
Dongguan Securities: If the banking sector's “offense and defense” logic is not changed, the potential disadvantages of the fundamental industry are expected to be exhausted
The banking sector's “balance offense and defense” logic does not change the fundamental level. After many rounds of adjustments such as many interest rate cuts, accelerated exposure of real estate risks, rate cuts, and loan repricing in the first quarter, the first quarter results fell to a low level, and the potential shortfall in the industry is expected to be exhausted.
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.
Bank stocks within Hong Kong stocks rose by more than 5% in early trading, and China CITIC Bank, Bank of Communications, etc. rose by more than 3%.
Bank stocks within Hong Kong stocks rose by more than 5% in early trading, and China CITIC Bank, Bank of Communications, etc. rose by more than 3%.
Bank stocks rose; Changshu Bank rose more than 2%, while China CITIC Bank, Bank of Hangzhou, Agricultural Bank, and Bank of Communications all rose more than 1%.
Bank stocks rose; Changshu Bank rose more than 2%, while China CITIC Bank, Bank of Hangzhou, Agricultural Bank, and Bank of Communications all rose more than 1%.
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.
China Suntien Green Energy Inks Deposit Deals With Four Lenders
China Suntien Green Energy (SHA:600956, HKG:0956) signed deposit agreements with four banks, the company said in its filing on the Shanghai Stock Exchange. The power supplier agreed to deposit a minim
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