The interest rates of the same industry certificates of deposit are rapidly declining, and under "moderately loose" conditions, there is hope to drop to 1.30%.

1. After the improvement in MMF transmission efficiency, the CD interest rate and the 7-day OMO rate will integrate within the next year. 2. Due to the faster decline of long-term bonds, the spread between the 10Y government bond and the 1Y CD has been compressing, and is currently at 13BP.

cls.cnDec 13 18:18

The Agricultural Bank Of China is following up on the exchange rates for personal foreign currency cash remittances, and recently several major state-owned banks have optimized and upgraded relevant services.

① On December 13, Agricultural Bank Of China announced on its official website that starting from December 13, 2024, it will optimize and upgrade personal foreign currency cash remittance services. ② In addition to Agricultural Bank Of China, several other banks have recently released similar announcements stating they will upgrade foreign currency cash services for personal Forex Accounts. ③ Although the cash remittance parity may somewhat affect the income of banks, it can significantly reduce the cost for individuals to conduct Forex Business.

cls.cnDec 13 14:54

CBHB's credit card app is entering its countdown to shutdown, as multiple banks are initiating migration this year under the pressure of cost reduction and efficiency enhancement.

① On the evening of December 12th, CBHB's credit card center posted a message on its official Weibo, announcing that the bank's credit card APP will cease operations starting next year. ② Previously, CBHB's official website had already released relevant information. The purpose of the credit card center's announcement on Weibo was to remind users once again. ③ Throughout the year, multiple banks have removed dedicated APP Software, and aside from the relevant documents issued by regulators, the primary reason should still be related to cost reduction and efficiency improvement.

cls.cnDec 13 11:56

Annual review | The top ten explosive stocks in Hong Kong for 2024 have been announced! POP MART and China Merchants performed strongly, with Meituan rising over 103% to lead the charge among the trillion-dollar giants.

After three consecutive years of decline, 2024 has brought a turnaround for Hong Kong stocks.

Futu NewsDec 12 18:57

State-owned banks are following up again, the Postal Savings Bank Of China has disclosed the list of external collection institutions for personal consumer loans, and the bank's collection business is becoming more standardized.

① Recently, Postal Savings Bank Of China, Bank of Communications, and several other banks have continuously announced the list of institutions cooperating with outsourced debt collection, which is related to the requirements of regulatory authorities. ② As the relevant debt collection work becomes more standardized, the probability of past common violations will significantly decrease. ③ In addition to Bank of Communications and Postal Savings Bank Of China disclosing the list of institutions for consumer loan outsourcing, recently, some other banks have also disclosed the list of credit card collection agencies on their official websites.

cls.cnDec 11 19:09

The mid-term dividends of China CITIC Bank Corporation and Xiamen Bank Co.,Ltd. will be distributed this week. The number of banks that have announced dividend plans has increased to 21, and there is still a "red envelope" of 233.4 billion on the way.

① As listed Banks increase dividend frequency through mid-term dividends, investors can enhance their reinvestment opportunities. ② At the same time, the sustainability of Banks' dividends is strengthened, sending a positive signal to the market, which is expected to boost confidence in Banks' capital management abilities and financial health.

cls.cnDec 10 20:04