Express News | Today, 49 A-share stocks have undergone bulk transactions, with Inno-tech having the highest discount rate of 29.89%.
Express News | The recent banks' deposit interest rate cuts are conducive to stabilizing banks' liabilities and reducing costs, bullish for corresponding stocks' valuations.
Expert: Unexpected increase in MLF operations meets the medium- and long-term fund needs of financial institutions.
The People's Bank of China announced today (25th) the one-year MLF operation of CNY 200 billion through interest rate auction, with the winning interest rate down 0.2 percentage points from the previous time to 2.3%. This is the second MLF operation conducted by the People's Bank of China this month, and the MLF interest rate has been lowered for the first time since August 2023. This increased MLF operation meets the medium and long-term funding needs of financial institutions. According to expert sources cited by The Paper, with the upcoming end of the month, the liquidity demand of financial institutions has significantly increased, and there is some upward pressure on the interest rates in the currency market, with some institutions participating in the MLF.
The three-year deposit rate in Beijing and Shanghai has been lowered. Is Bank of Communications the first of the major banks to do so? Truth: there has been no movement in the Guangdong-Hong Kong region, or it may be a regional adjustment.
After the July LPR quote reduction, the market expects the deposit interest rate to be lowered, but state-owned banks have not yet adjusted the deposit list interest rate.
Tech Firm IFlyTek Issues 200 Million Yuan Ultra-Short-Term Bonds
Citic Sec: Banks sector is expected to continue to recover positions, recommending two main lines.
As of Q2 2024, banks accounted for 2.45% of the heavyweight stocks held by active funds, up 0.21pct from Q1 2024.