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Zhongtai Securities: In the third quarter of 2024, the monetary policy orientation is positive, leaning towards smoothing the interest rate transmission mechanism and stabilizing interest rate differentials.
The central bank has explicitly stated that financial institutions should enhance their independent "rational" pricing capabilities in the next step to more reasonably respond to market demand and risks. In addition, the central bank pointed out that further regulatory interest rate cuts are subject to dual constraints of net interest margin and exchange rates, especially limitations from internal and external pressures.
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 | grg banking equipment: won the bid for the self-service equipment project of the Agricultural Bank of China in 2024.
Express News | Chu Tianlong assists in the first launch of digital RMB visual hard wallet in Shenzhen.
Express News | Agricultural Bank of China: It is planned to stop branch self-service terminals and branch smart payment channels payment services from December 1st.
Agricultural Bank of China (601288): Profitability remains robust, focusing on serving the grassroots areas for inclusive finance.
Profitability remains robust. In the first three quarters of 2024, the agricultural bank of china's revenue growth rate was +1.3%, and the net income attributable to equity holders increased by +3.4%. In Q3 of 2024, revenue increased by +3.4% year-on-year, and net income attributable to equity holders increased by +5.9%, compared to Q2.
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