CIHKY CHINA MERCHANTS BKWatchlist
About CHINA MERCHANTS BK Company
China Merchants Bank Co., Ltd. engages in the provision of corporate and personal banking services. It focuses on individual and corporate businesses, credit card, and small and medium enterprises. It operates through the following business segments: Wholesale Finance, Retail Finance, and Other Businesses. The company was founded on March 31, 1987 and is headquartered in Shenzhen, China.
The big financial sector declined across the board, and China Merchants Bank fell more than 5%
GLONGHUI, Oct. 3 | Major financial sectors such as Hong Kong stock banks, insurance, and brokerage firms all declined. Bank of Qingdao and Everbright Securities fell more than 6%, China Ping An and China Merchants Bank fell more than 5%, Agricultural Bank, Industrial and Commercial Bank, China Life Insurance, Oriental Securities, and CITIC Construction Investment Securities fell more than 4%. CITIC Securities, Guangfa Securities, China Post Bank, Bank of Communications, Xinhua Insurance, and Zhongan Online declined one after another.
In September, 15 banks were intensively investigated! Interest rate cuts on stock mortgages and asset quality have received attention, and institutions are optimistic about sector allocation value
With the continuous optimization of real estate policies and the continuous advancement of CIT-related bonds, it is expected that hidden asset quality of listed banks will gradually be eliminated, and bank valuations are expected to enter an upward channel.
China Merchants Bank and CITIC Securities launch the first online interest rate options transaction linked to bond yields
GLONGHUI, September 27 | According to interbank market information, on September 26, 2023, China Merchants Bank and CITIC Securities reached the first online interest rate options portfolio transaction linked to bond yields through the Exchange Center's local currency trading system. The deal consists of a combination of a bullish binary and a bearish binary transaction. It is linked to the 10-year yield of the CFETS treasury bond maturity curve. The nominal principal amount of the transaction is 1 billion yuan each, and the option period is 1 month.