Why did the revenue and profit decrease in the first three quarters? How will the bank of communications address interest rate pressure in the fourth quarter? The earnings conference will respond to multiple hot topics in the industry.

Bank of Communications explained at today's performance briefing that the decline in net income and revenue for the first three quarters was mainly due to the relatively weak growth in fees, investment valuation, and exchange gains and losses. However, it is expected that the one-time impact of policy factors on fee income will gradually diminish next year.

cls.cn19:06

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.

cls.cnNov 11 13:37

State-owned major banks are taking action again, the bank of communications has raised the debit card Alipay quick payment limit, and three national banks have launched a "raising limit action".

On the afternoon of November 7, bank of communications announced on its official website that starting from November 18, 2024, the quick payment limit of bank of communications debit cards in Alipay consumer scenarios will be increased to RMB 0.2 million per transaction, RMB 0.2 million per day, and RMB 6 million per month. Recently, postal savings bank of china and cm bank have also increased the quick payment limits for their debit cards on Alipay or WeChat.

cls.cnNov 8 11:48

Daily Bulls and Bears | Tencent led the way in network technology stocks last Friday! Multiple bull certificates doubled in value; Hang Seng Index night futures closed at 20,490 points, with a total net outflow of over 55 million Hong Kong dollars from lo

As of last Friday's close, the market turnover was 141.483 billion Hong Kong dollars, with the total turnover of all warrant bull and bear certificates at 15.226 billion Hong Kong dollars, accounting for 10.8% of the market turnover, of which the bullish position accounts for 6.0% and the bearish position accounts for 4.7%.

Futu NewsNov 4 08:49

Shareholding repurchase special loans are springing up everywhere, how to grasp customer access, due diligence, and risk control? Several banks respond for the first time today.

China Construction Bank Corporation's Shenzhen Branch Technology Financial Innovation Center General Manager Zhang Jun introduced that customers need to comply with the national industry global strategy orientation, and have significant competitive advantages or good development potential in their respective industries or regions. Industrial Bank's Shenzhen Branch Assistant to the President Xue Min pointed out that key focuses include the company's operation status, financial strength, credit records, as well as its position and development prospects in the respective industry.

cls.cnOct 25 19:03

Nine joint-stock banks have followed suit today, with seven banks including Everbright and Guangfa announcing a reduction in the deposit benchmark interest rates, with the highest fixed deposit rate cut by 25 basis points.

①The current banks have started a new round of deposit rate cuts, which is of great significance in maintaining interest margins, thereby ensuring the stable operation of commercial banks and increasing the support for financing the real economy continuously. ②This round of bank deposit rate cuts is expected to basically offset the impact of various loan rate cuts on net interest margins.

cls.cnOct 21 21:39