601988 Bank Of China
- 4.79
- -0.02-0.42%
Bank Of China News
Zhongtai Securities: In the third quarter of 2024, the monetary policy orientation is positive, leaning towards smoothing the interest rate transmission mechanism and stabilizing interest rate differentials.
The central bank has explicitly stated that financial institutions should enhance their independent "rational" pricing capabilities in the next step to more reasonably respond to market demand and risks. In addition, the central bank pointed out that further regulatory interest rate cuts are subject to dual constraints of net interest margin and exchange rates, especially limitations from internal and external pressures.
Express News | Although the remaining scale of the 11 major bank wealth management companies rebounded at the end of October compared to the end of September.
The central parity rate of the Renminbi is reported as 7.1927, down 141 basis points.
On November 12th, the renminbi central parity rate was reported at 7.1927, down 141 basis points, with the previous trading day's central parity rate at 7.1786. Expert: Renminbi exchange rate in the fourth quarter is expected to show a range of fluctuations. Wang Youxin, a researcher at the Bank of China Research Institute, believes that the renminbi exchange rate in the fourth quarter is expected to show a range of fluctuations, which means that the renminbi exchange rate will not unilaterally rise or fall, but fluctuate within a certain range. After all, the recently announced package of incremental policies will be gradually implemented, the policy dividends will be released more quickly, the domestic economic fundamentals are expected to continue to improve, providing strong support for the renminbi exchange rate. However, the Fed cut interest rates.
Bank of China (03988.HK) launches the digital Renminbi visible hardware wallet in Shenzhen.
Under the guidance of the People's Bank of China, Bank of China (03988.HK) (601988.SH) today (12th) launched a digital RMB visual hardware wallet in Shenzhen. The product features "touchable, visible, scannable" functions, with a built-in ink screen displaying balance and payment code, enhancing payment convenience.
Express News | Bank of China launches digital RMB visual hardware wallet
Express News | Rare in A shares, the four major banks are eyeing a company.
People's Daily article: A large number of incremental policies are "on the way" to achieve a 5% economic growth target enhancement.
The article by Jin Sheping published in the People's Daily stated that the mainland's confidence in achieving the target of around 5% economic growth is increasing. At the press conference for the 'Three Quarters Report,' the National Bureau of Statistics stated that looking at GDP growth rates by year, the first quarter was 5.3%, the second quarter was 4.7%, and the third quarter was 4.6%. When viewed monthly, the third quarter grew by 0.9%, maintaining positive growth for nine consecutive quarters. 'Stability' and 'progress' remain the main themes of the mainland's economy. The four major macro indicators of growth, employment, inflation, and international balance of payments show that the overall economic indicators are stable with steady progress, providing a good foundation for the mainland's macro economy to maintain resilience. The report quoted,
Express News | jiangsu eastern shenghong: Subsidiary Guowang Gaoki increased its capital by 1.5 billion yuan
Express News | Banks provide 23.5 billion yuan in loans to support listed companies in repurchasing and increasing shareholdings.
Express News | BOCI Securities: Raises semiconductor manufacturing international corporation's target price to 31.5 Hong Kong dollars, maintains a "buy" rating.
Are bank stocks still worth buying? CITIC Financial Assets disclosed a 50.3 billion comprehensive investment plan, including a 30 billion shareholding in Bank of China and China Everbright Bank.
①CITIC Financial assets explicitly stated that it will allocate approximately 50.3 billion yuan for a bundled investment plan, of which 30 billion will be used directly to buy shares of Bank of China, China Everbright Bank, and other institutions. ②CITIC Financial assets and other institutional funds buying bank stocks are inevitable. As a large-scale institutional fund, due to various considerations such as risk control and capital return, it is highly probable that it will prioritize "high dividend stocks" rather than thematic stocks.
Express News | Chu Tianlong assists in the first launch of digital RMB visual hard wallet in Shenzhen.
Citigroup Financial assets (02799.HK) intends to spend no more than 50.3 billion RMB to buy shares of Citibank, China Construction Bank, and Guangfa Bank.
China CITIC Financial Assets (02799.HK) announced that it plans to further optimize investment paths and increase investment intensity based on previous investments. According to the announcement, the company plans to appoint CITIC Securities and China Securities Co.,Ltd. as professional consultants to further promote the investment allocation plan, including signing a share transfer agreement for 11.266 billion yuan within a total investment scale not exceeding 50.3 billion yuan, further purchasing 4.88% of China CITIC (00267.HK) shares; further purchasing shares of Bank of China (03988.HK) not exceeding 26 billion yuan; and not exceeding 4 billion.
Shareholding of over 50 billion! Asset management giant can't help it anymore.
Source: China's largest financial asset management company, Citic Financial Asset Management Co., Ltd. (referred to as Citic Financial Asset Management, stock code $Citic Financial Assets (02799.HK)$), announced on the evening of November 8th that it will further promote the investment allocation plan. The total amount of the new investment plan is as high as 50.3 billion yuan, to increase shareholding in three listed companies! Citic Financial Asset Management stated that in recent years, the company has seized market opportunities and carried out a series of investment allocations, achieving positive results. In order to maximize shareholder interests, the company plans to further optimize the investment path based on the previous investments made.
Express News | Sichuan Hebang Biotechnology: received 0.14 billion yuan in financing support for repurchasing shares.
Yuexiutransport has applied to the Bank of China Interbank Market Dealers Association for a unified registered quota of 15 billion yuan for a multi-variety debt financing instrument.
Yuexiutransport (01052) announced that, constrained by the laws, regulations, rules, statutory documents, and regulatory requirements of China, the company has applied to the National Association of Financial Market Institutional Investors (NAFMII) for a unified registration quota of 15 billion yuan for various debt financing tools. Upon approval of the application by the association and considering the current market conditions and the group's capital needs, the company may issue commercial papers, short-term financing bonds, medium-term notes, perpetual bonds, asset-backed notes, green debt financing tools, and other products at its discretion. The lead underwriter for each issuance, the products, and the issuance size will be determined for each issuance.
Bank of China (SEHK:3988) Reports Q3 Earnings With Focus on Digital Growth and Southeast Asia Expansion
China Life Insurance has reached a strategic cooperation with Zenlin Daikang Health and Jianfa International Travel on cross-border residence and health care.
BOC Hong Kong (02388.HK) and BOC Group Life Insurance jointly participated in the 7th China International Import Expo silver economy theme series activities. At the event, BOC Life Insurance signed a strategic cooperation memorandum of understanding on cross-border residential health care with Zhenlin Health Holdings under Yee Lee Group in Macau, as well as Xiamen Jiande International Travel Agency Group (Jiande Guolv) . BOCC Life CEO Deng Ziping stated that BOCC Life will collaborate with BOC Hong Kong, leveraging the advantages of "banks + insurance", relying on BOC's global, integrated, and scenario-based resources and strengths, to cooperate and build a "comprehensive financial products + multi
CICC in "Dah Sing": MSCI China Adjustment, Focus on Positive Impact on Ctrip (09961.HK), Nio Inc (09866.HK), and Alibaba (09988.HK)
CICC's report pointed out that MSCI's adjustment to China focuses on the potential positive impact on Ctrip-S (09961.HK), Nio-SW (09866.HK), and Alibaba-W (09988.HK); and the potential negative impact on Meituan (06110.HK), GAC (02238.HK), and iQIYI (IQ.US). In terms of the absolute change in weights, CICC calculated that due to this adjustment, Alibaba, Ctrip Group, Kuaishou-W (01024.HK), Nio, and Tianfeng Securities (601162.SH) rank high in weight increases.
Brokerage morning meeting highlights: China's semiconductor industry's domestic market demand and self-controllable direction are clear.
At today's brokerage morning meeting, citic sec believes that the domestic market and self-controllable direction are clear development directions for China's semiconductor industry; gtja pointed out that the improvement in domestic demand is expected to continue to heat up, highlighting the elasticity of baijiu; htsc stated that bank performance is expected to stabilize, seizing structural opportunities.
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