Most domestic bank stocks rose higher in Hong Kong. China Merchants Bank rose more than 4%, Postbank and China Everbright Bank rose more than 3%, and Agricultural Bank and China CITIC Bank rose more than 2%.
Most domestic bank stocks rose higher in Hong Kong. China Merchants Bank rose more than 4%, Postbank and China Everbright Bank rose more than 3%, and Agricultural Bank and China CITIC Bank rose more than 2%.
China Construction Bank Singapore Branch and Commerce China Senior Leaders Seminar to host a series of exchange events on digital yuan and green finance topics in China
Nearly 30 young Singaporean political and business leaders exchanged views with more than 30 entrepreneurs from Shenzhen and Chengdu to provide technological convenience: Business China students were the first to experience the payment convenience brought by digital yuan to Chinese visitors in Shenzhen to discuss green finance: a green finance forum was held in Chengdu to discuss green productivity and sustainable enterprise development in the digital intelligence era, Singapore, May 2, 2024/PRNewswire/ -- China Construction Bank Corporation (“CCB” or “Group”) Singapore Branch (“CCB Singapore Branch”) traded in Singapore as a “market think tank partner” China's 2024 Senior Leader
ICBC (601398): Interest spreads improved beyond expectations
Key investment points ICBC's 24Q1 interest spread improved beyond expectations; profit increased slightly, and the annual profit growth rate is expected to return to 0%. Performance Overview ICBC's 24Q1 revenue fell 3.4% year on year, and the decline was 0.3 pc narrower than 23A; 24
Postbank (601658): Strong net interest income growth rate on deposits and loans rebounded
The growth rate of net interest income rebounded slightly, and the profit growth rate declined somewhat. As of 24Q1, the cumulative year-on-year growth rates of the Postbank's revenue, PPOP, and net profit to mother (same below) were 0.8 pct and +0.9p, respectively, compared to the end of 2023
Express News | By the end of 2023, the Agricultural Bank had 12,700 county branches
China Construction Bank (601939): Poor profit decline and steady decline
Key investment points CCB's 24Q1 profit was under slight pressure; looking ahead to the whole year, the profit growth rate is expected to return to 0%. Performance Overview CCB's 24Q1 net profit fell 2.2% year on year; revenue fell 3.0% year on year. Defect rate at the end of 24Q1