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Emerging Markets Could Be Poised for More Growth in 2025
Large banks are accelerating their efforts to expand into lower-tier cities! The balance of inclusive small and micro loans is increasing, while interest rates are declining. Small and medium-sized banks are speeding up their efforts to attract customers.
From the perspective of inclusive finance, state-owned major banks have continued to lower the average interest rate of inclusive loans for small and micro enterprises this year, while the loan balance has grown rapidly since the beginning of the year. Shareholding banks and city commercial banks are competing for customers based on service quality.
Traders reduce bets on Trump trades as emerging market assets rise.
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Rules for the normalization of existing house loan interest rates have arrived! Understand with one article.
1. Preliminary statistics show that as of October 28, 21 national banks have completed batch adjustments, totaling 53.667 million transactions, reducing the stock mortgage interest rates by 25.2 trillion yuan. 2. After this round of batch adjustments, the stock mortgage interest rates have dropped to 3.3%. If the gap between stock and new mortgage interest rates exceeds 30 basis points, it will trigger a new round of reductions in stock mortgage rates.
The operating conditions of the top three quarters of the six major state-owned banks have all been revealed, with a total consolidated net profit exceeding 1 trillion and a daily profit of 3.867 billion, and the overall asset quality is sound.
As of October 30, the third quarterly reports of the large state-owned banks have been disclosed. Among the six large state-owned banks, the revenue of ICBC, CCB, and Bank of China in the first nine months decreased year-on-year. Industrial and Commercial Bank of China, Bank of Communications, and China Construction Bank data show that the proportion of time deposits is still increasing.
AgBank's net profit increased by 3.6% in the first three quarters. The earnings conference will reveal the progress of "capital injection", management expects stable interest spreads this year and pressure will continue next year.
①Agricultural Bank is advancing the implementation of capital replenishment related work in accordance with the overall arrangements of regulatory institutions and shareholder units. "Currently, we are actively communicating with relevant departments and studying and demonstrating the plan for core tier one capital replenishment." ②From the perspective of next year's changes, under the macro-policy guidance of financial concession to the real economy, it is expected that Agricultural Bank's net interest margin will still be under pressure, and the trend of changes will remain basically consistent with peers.