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.
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.
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.
Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.
①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.
zybank 26.07 million shares of stock were traded, with at least four equity listings within the next year under the 'withdrawal gold order'.
zybank has at least 4 equity listings on the Beijing Property Rights Exchange within the year, with the transferors all having a background of state-owned enterprises. In the first half of the year, zybank's overall performance has shown signs of recovery compared to last year, but its asset quality is still under continued pressure.
"Idle period" a month later, banks issued a dense perpetual bond: Minsheng Bank opened the issuance prelude of the fourth quarter, followed by China Merchants Bank, Ping An, and Bank of Suzhou in November.
①From the perspective of the issuer type, the issuance of perpetual bonds by banks shows a relatively larger number of issuances by small and medium-sized banks, with relatively larger issuance sizes by state-owned large banks and joint-stock banks; ②Issuing perpetual bonds can effectively supplement the banks' other Tier 1 capital, enhance capital adequacy ratio, which can both meet regulatory requirements and strengthen risk resilience.
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.
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.
In the third quarter, many banks saw double-digit growth in net income. The sector's increase was significant, how do we view the future market?
Recently, many A-share listed banks have released their third quarter reports for this year.
The 'Retail King' third quarter report was released, with cm bank's revenue and net profit slightly decreased in the first three quarters due to a narrowing interest margin, and total assets are approaching 12 trillion.
1. The decline in return on interest-earning assets is the main factor contributing to the decrease in net interest margin; 2. The non-performing loan ratio of China Merchants Bank is 0.94%, a decrease of 0.01 percentage points from the end of the previous year; 3. The weighted average mortgage ratio for individual housing loans is 36.29%, an increase of 3.36 percentage points from the end of the previous year.
When will the repricing cycle change after the adjustment of the existing house loan interest rate? ICBC and CMB are already preparing relevant work, while many banks have no plans yet.
Industrial and Commercial Bank of China and CM Bank stated that they are actively preparing for the relevant work of redefining the 'repricing date' for mortgage loans. Prior to this, the central bank announced that starting from November 1, 2024, individuals with commercial residential loans with contracts specifying floating interest rates can negotiate and agree on the repricing cycle with banks and financial institutions. Today's adjustment of existing mortgage loan rates only involves additions or deductions and does not involve changes to the repricing cycle.
The scale of MLF maturing in October is the largest since the beginning of the year! The central bank will continue to reduce the scale by 700 billion yuan at a reasonable price. Industry insiders: It is expected that the increase in bank loans will resum
The MLF operation rate remained unchanged in October, with an operation scale of 700 billion. The MLF maturing amount for the month was 789 billion, the largest maturing scale since the beginning of the year. This indicates a slight reduction operation for the month.
Adjustments starting from today! Major commercial banks are adjusting the existing housing loan interest rates in bulk. Some small and medium-sized banks will complete the adjustments by the end of the month. A 1.25 million 25-year housing loan in Peking
1. Today, major commercial banks such as Industrial and Commercial banks, Agricultural banks, Central banks, Construction banks, Bank of Communications, and Postal Savings Bank of China have collectively adjusted the interest rates of existing housing loans that meet the criteria in batches, with some small and medium-sized banks expected to complete the process by the end of the month at the latest. 2. Under the combined effects of recent real estate support policies, there are certain signs of the real estate market hitting a bottom and stabilizing, thereby easing the phenomenon of early repayment of loans.
Starting today, there will be a reduction in the interest rates on existing housing loans! Significantly alleviating the burden of mortgage interest.
The increment for the eligible existing housing loan interest rates in this round will be adjusted to a deduction of "minus 30 basis points" on the loan market quote rate (LPR) basis, with an expected average decrease of around 0.5 percentage points in existing housing loan rates. Overall, borrowers are estimated to save 150 billion yuan in interest expenses, benefiting 50 million households and 0.15 billion individuals.
Existing home loan interest rates were adjusted in batches today, with clients in Shanghai owning two properties seeing a reduction of 65 basis points.
Starting today, most existing housing loans will undergo batch adjustments. State-owned large banks and other banks have already completed the adjustment of mortgage rates, while the adjustment for some small and medium-sized banks may be slightly delayed.
Adjust as scheduled! The adjustment of existing housing loans for six major banks and many joint-stock banks has been implemented in batches, with some large banks already adjusted after 23:00 on the 24th.
① As of now, six state-owned major banks and multiple joint-stock banks have started the bulk adjustment work of existing property mortgage interest rates. ② Some major banks have been adjusting gradually in the background to ensure a unified adjustment on the 25th, starting after 23:00 on October 24. ③ Users have shared screenshots showing that after the adjustment of existing property mortgage interest rates on October 25, the rate dropped from 4.8% to 3.9%, resulting in a reduction of over 0.02 million yuan in interest expenses.
12 joint-stock banks have completed a new round of deposit rate reduction. While the interest rates are generally falling, some banks are still issuing large-denomination certificates of deposit that are being snapped up. Will there be further reductions
1. The current banks have started a new round of deposit interest rate cuts, which is of great significance for stabilizing interest margins, thereby ensuring the stable operation of commercial banks and continuously increasing support for real economy financing. 2. The current banks need to better manage the liability side, the key is to proactively predict interest rate trends and make policy adjustments.
Nearly ten listed city commercial banks have made the latest adjustments! The pressure of narrowing interest rate spreads is becoming more prominent, and each bank is adopting different interest rate adjustment strategies to accelerate their follow-up.
①Currently, about 8 listed city commercial banks such as bank of shanghai, bank of jiangsu, etc., have made the latest adjustments to deposit benchmark interest rates or some special deposit product rates, but the scope and intensity of the adjustments vary. ②Experts predict that small and medium-sized banks will gradually follow suit, but due to the different funding costs and deposit structures of each bank, as well as the differing market competition environments they face, they will adopt different interest rate adjustment strategies.