Galaxy Securities: Strong policies, steady expectations, continuing to be optimistic about the allocation value of the banking sector
The Zhitong Finance App learned that Galaxy Securities released a research report saying that interest rate cuts put pressure on asset-side earnings in the short term, but from a medium- to long-term perspective, they are beneficial to investment and consumption, promote economic growth and the steady and healthy development of the real estate market, and help improve the bank's business environment and mitigate adverse risks.
What is the reason? See bank stocks rise and fall again! Major capital inflows
By the midday close, 42 A-share bank stocks had risen across the board. With large capital purchases, Ping An Bank was still blocked on the rise and fall. Bank stocks also rose across the board in the Hong Kong stock market. Ping An of China rose nearly 8%, and China Merchants Bank rose more than 6%.
Three good news have come out! China's assets have risen across the board, and the Hong Kong and A-share financial sectors have exploded
The performance of financial assets and real estate stocks may indicate that the market is anticipating the beginning of a new cycle.
Express News | Market rumor is that assessment methods related to state-owned enterprises may be released in the near future
Changes in Hong Kong stocks | Domestic bank stocks continued to rise in early trading, institutions say interest rate cuts are favorable to bank valuations and optimistic that the industry's net interest spreads will narrow this year
The Zhitong Finance App learned that Bank of China stocks continued to rise in early trading. As of press release, China Merchants Bank (03968) rose 3.85% to HK$31; ICBC (01398) rose 3.77% to HK$4.13; Bank of Communications (03328) rose 3.39% to HK$5.18; CCB (00939) rose 3.13% to HK$4.95; Bank of China (03988) rose 2.61% to HK$3.15. According to the news, the central bank recently announced that the 1-year LPR will remain unchanged at 3.45%, and the 5-year LPR will be lowered from 4.20% to 3.95%
Express News | CITIC Construction Investment: The narrowing of net interest spreads in the banking sector in 2024 is still expected to be better than last year
Changes in Hong Kong stocks | Bank of the Central Plains (01216) rose nearly 5%, leading the 5-year LPR for domestic bank stocks exceeding expectations, and the agency says bank stock valuations are expected to recover moderately
The increase in domestic bank stocks increased at the end of the session. As of press release, Bank of China (01216) rose 4.92% to HK$0.32; Minsheng Bank (01988) rose 3.36% to HK$2.77; Bank of Communications (03328) rose 2.45% to HK$5.01; CCB (00939) rose 1.48% to HK$4.8; and ICBC (01398) rose 1.27% to HK$3.97.
China Investment Securities: How will the LPR cut affect banks?
The Zhitong Finance App learned that SDIC Securities released a research report stating that the impact of the current LPR cut on bank stocks is neutral.
Express News | Xiamen: The first batch of financing-supported real estate listings has been pushed to banks. Two projects have already received 2.2 billion yuan in financing support
Express News | The implementation of the urban real estate financing coordination mechanism is “fast” and “stable”
Real estate “white list” project loan investment accelerates implementation, ICBC and Agricultural Bank update progress, and more banks join
Earlier this morning, the Agricultural Bank updated the new progress of the implementation of the urban real estate financing coordination mechanism. The bank implemented loan investment for real estate financing coordination mechanism projects in many cities.
Express News | State Assets Administration Commission: Guide and promote central enterprises to further highlight value creation and make continuous efforts to boost market confidence and lead industry development
Express News | CITIC Securities: It is expected that the dividend repurchase efforts of central enterprises may increase in the short term in the future, and indicators related to cash flow are worth paying attention to
Bank of Communications (03328.HK): Yin Jiuyong and Zhou Wanfu's qualifications as directors were approved by the supervisory authority
Gelonghui, Feb. 18: Bank of Communications (03328.HK) announced that the Bank recently received “China Financial Supervisory Authority's Approval on Bank of Communications Yin Jiuyong's Eligibility” (Jin Pe  No. 72), “China Financial Supervisory and Administration's Approval on the Qualifications of Bank of Communications Zhou Wanfu” (Jin Pe  No. 71), and the China Financial Supervisory Administration has separately approved the qualifications of Mr. Yin and Mr. Zhou as the Bank's executive directors. After his qualifications as a director were approved, Mr. Yin also acted as risk management and relationship management for the Bank's board of directors
Express News | CITIC Construction Investment: Credit investment is expected to gradually enter a new stage of stable quantity and excellent quality in 2024
Express News | China's top five banks are speeding up to follow up on the real estate financing “white list”
Express News | The Bank of Trade and Communications promotes the implementation of a coordination mechanism for urban real estate financing: 1,442 projects on the list have been obtained and connected
Express News | Bank of Communications: Increase support for the pension industry in all aspects and innovate pension finance products and services
Express News | Zhou Yanping, the former general manager of the Bank of Communications Fintech Department, was “double dismissed.”
Express News | State Council's State-owned Assets Administration Commission: We must firmly grasp the major task of developing new quality productivity and seize the opportunities of the new round of scientific and technological revolution and industrial transformation