China Construction Bank Corporation (601939): Profit growth rate turns from negative to positive, narrowing interest rate decline.
Recently, China Construction Bank Corporation disclosed its third-quarter report for 2024. The year-on-year growth rates of revenue, PPOP, and net profit attributable to the parent company for 24Q1~3 were -3.3%, -4.2%, 0.13% respectively, with growth rates changing compared to 24H1.
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 | Weidai Information: Adjusting the source of share buyback funds to self-raised and self-owned.
Express News | Beibu Gulf Port: Controlling shareholders plan to increase their shareholding by 0.2 billion to -0.4 billion yuan.
Express News | Chu Tianlong assists in the first launch of digital RMB visual hard wallet in Shenzhen.
CCB To Go Ex-Dividend On January 2nd, 2025 With 0.21596 HKD Dividend Per Share
November 9th (Beijing Time) - $CCB(00939.HK)$ is trading ex-dividend on January 2nd, 2025.Shareholders of record on January 3rd, 2025 will receive 0.21596 HKD dividend per share on January 27th, 2025.
Express News | Zhang Gengsheng, former member of the party committee and vice president of China Construction Bank, is suspected of serious violations of discipline and laws, and is currently undergoing disciplinary review and supervision investigation by the Central Co
China Construction Bank Corporation (00939) will distribute a mid-term dividend of 0.197 yuan per share on January 27, 2025.
China Construction Bank Corporation (00939) announced that the company will distribute dividends as of June 30, 2024 on January 27, 2025...
Notice of the Second Extraordinary General Meeting of 2024
Hong Kong stock market retreats from its high levels, with the Hang Seng Index and the H-share Index both falling by over 1%; the real estate and brokerage sectors decline, Sunac drops more than 9%, Citic Securities falls by nearly 6%.
Network technology stocks decline, NetEase-S drops by 5.61%, Meituan-W drops by 4.05%; Securities and brokerage stocks weaken, CSC drops by 5.45%, China International Capital Corporation drops by 4.34%; Coal industrial concept stocks weaken, China Coal Energy drops by 4.22%, Kinetic Dev drops by 3.18%.
Express News | Multiple financial institutions visited the Greater Bay Area Fund to carry out strategic cooperation.
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.
Express News | The quarterly report reveals: the six major banks are steadily advancing capital increase.
Chinese Banks Boost Cross-Border Lending for Higher Returns
Express News | Zhejiang Cheng Yi Pharmaceutical: has obtained a 50 million yuan share buyback loan.
Express News | Members of the self-discipline mechanism under the central bank (banks) discuss regulating the pricing of interbank deposits: including not absorbing interbank funds at high stock prices, to prevent arbitrage.
China Galaxy Securities: In 24Q3, banks achieved positive growth in revenue and profits, with the continued value of dividends.
Under the policy inflection point, banks have accumulated positive fundamental factors; performance repair and capital replenishment continue to support the dividend attributes of banks.
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.
Bank stocks generally rose, with cm bank (03968) up 3.23%. Institutions point out that the policy turning point accumulates positive factors in the basic fundamentals of banks.
Golden Finance News | Bank stocks generally rose, ZYBank (01216) rose by 9.38%, CM Bank (03968) rose by 3.23%, Industrial and Commercial Bank of China (01398) rose by 3.16%, Postal Savings Bank of China (01658) rose by 2.44%, Bank of Communications (03328) rose by 2.01%, China Construction Bank Corporation (00939) rose by 1.97%, China CITIC Bank Corporation (00998) rose by 2%. Galaxy Securities stated that bank revenue and net profit have recovered, interest rate spreads have narrowed, the optimization effect of debt costs is gradually emerging, major banks' crediting and risk resistance capabilities are expected to benefit from national capital increase implementation. Finance
Express News | Galaxy Securities: continue to be bullish on the value of bank sector allocation.
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