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Express News | Ministry of Finance: From January to October, the total profit of state-owned enterprises was 3832.64 billion yuan, an increase of 7.1% over the previous year
The central bank emphasized “revitalizing existing capital”. Can high credit growth continue? Analyst: Oversupply and demand are improving, 2024 impulse may be suppressed
① On the one hand, the core demand that supports banks' sky-high credit is about to disappear, and on the other hand, banks' interest spreads and capital are unable to continue to support sky-high credit.
Express News | Central Bank Governor Pan Gongsheng held a symposium on financial institutions in Hong Kong
Guangfa Securities: Q4 focuses on the phased opportunities of urban commercial banks and the high dividend logic, which is expected to restart in the first half of next year
The Zhitong Finance app learned that Guangfa Securities released a research report saying that Q4 focuses on phased opportunities for urban commercial banks, and the logic of high dividends is expected to restart in the first half of next year.
Hong Kong Securities Regulatory Commission: Hong Kong plans to launch Chinese treasury bond futures
On November 24, the Hong Kong Securities Regulatory Commission announced that Hong Kong plans to launch a Chinese treasury bond futures contract.
Bank Ratings｜Daimo: Giving ICBC H Shares an “increase in holdings” rating with a target price of HK$4.8
Glonghui November 24 | Morgan Stanley published a report that believes ICBC's stock price will rise in the next 60 days. The probability of occurrence is 70 to 80%. It is rated as “increased holdings”, with a target price of HK$4.8. Damo believes that according to historical rules, investors will gradually shift their focus to dividends at the end of December and the beginning of next year rather than risk factors, and that ICBC's 9% dividend return and still sufficient reserve buffers provide good return opportunities.
“Fee reduction and concessions” in the banking industry set off another wave of small climax. Within two days, a number of stock banks, urban agricultural and commercial banks followed suit one after another, and the execution time was slightly different.
In response to the “fee reduction and concession” initiative of the China Banking Association, stock banks and commercial banks in local cities have set off another small wave in the past two days.
Minmetals Development Gets Regulatory Nod to Issue 2 Billion Yuan Ultra-Short-Term Bonds
Minmetals Development (SHA:600058) obtained approval from China's National Association of Financial Market Institutional Investors to issue up to 2 billion yuan of ultra-short-term financing bonds. Th
Industrial and Commercial Bank (601398): Credit investment continues unabated, asset quality remains stable
Profits continued to grow positively under pressure from interest rate cuts. ICBC 23Q1-3 revenue is -3.55% yoy, net profit is +0.79%; 23Q3 revenue is -6.08%, net profit is +0.03% yoy.
Express News | Bankers: Media reports that “the central bank recently guided the pace of credit investment by commercial banks” may “misunderstand” regulatory policies
Open source securities: clarifying the direction of real estate and urban investment and chemical insurance, high-quality urban and agricultural commercial banks and banks with high dividends are expected to benefit
The conference clearly supports risk mitigation in the two major industries of real estate and financing platforms, and focuses on the stability of credit investment. The policy direction is clear, and policy strength is expected to be strengthened.
Guangfa Securities Q3 Bank Regulatory Data Review: Overall sector performance is still under pressure, but asset quality is still stable
The Zhitong Finance app learned that Guangfa Securities released a research report saying that on November 14, the China Financial Supervisory Administration announced data on the main regulatory indicators of the banking industry for the third quarter of 2023.
Express News | Taiping Fund's new general manager, chief information officer, and 2 senior executives
Express News | Changjiu Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange. The co-sponsors are CITIC Securities and ICBC International.
China Power International Development Issues Perpetual Bonds Worth 1.5 Billion Yuan
China Power International Development (HKG:2380) issued perpetual medium-term bonds amounting to 1.5 billion yuan, the company's second tranche of 3 billion yuan bonds. The bonds have a 3.3% yearly co
China Financial Supervisory Administration: The total assets of the banking and insurance industry grew steadily in the third quarter, and financial services continued to strengthen
At the end of the third quarter of 2023, China's banking financial institutions had total local and foreign currency assets of 409.8 trillion yuan, an increase of 9.5% over the previous year; the total assets of insurance companies were 29.6 trillion yuan, an increase of 2.4 trillion yuan over the beginning of the year, an increase of 9% over the beginning of the year.
Changes in Hong Kong stocks | China Merchants Bank (03968) rose by more than 4%, leading domestic banking stocks, stable social finance in October, and favorable institutions were optimistic about sector valuation recovery
Domestic bank stocks continued to rise in the afternoon. As of press release, China Merchants Bank (03968) rose 4.29% to HK$30.4; Postbank (01658) rose 3.39% to HK$3.66; ICBC (01398) rose 2.94% to HK$3.85; and China Construction Bank (00939) rose 2.67% to HK$4.61.
World's Largest Bank Industrial and Commercial Bank of China's Ransomware Attack: US Authorities Flagged Hacker Methods In March
The recent cyberattack on the New York branch of the Industrial and Commercial Bank of China (OTC:IDCBY), causing disruptions in the U.S. Treasury market, appears to have exploited three vulnerabiliti
Express News | US banking bonuses are expected to remain flat or fall this year
Industrial and Commercial Bank (01398): Each “ICBC Premium 1” share will pay 4.58 yuan in dividends on November 23
The Industrial and Commercial Bank (01398) announced that according to the “ICBC Premium 1” coupon dividend rate of 4.58%, each share is issued...