Next week, the scale of A-share unlocking will nearly double! Citic Securities leads the way, with over 17 billion yuan being unlocked.
Peak of lifting the ban within the month! The scale of lifting the ban next week will nearly double compared to the previous period; After a six-month delay, the "top brokerage" will lift the ban of over 17 billion next week; 5 individual stocks with large amounts and high proportions will be lifted off the list simultaneously.
Is the change in loan loss provision coverage ratio to adjust profits? How to control the widening of net interest margin decline and the cost of liabilities? Bank of Guiyang management faces investor scrutiny.
①Bank of Guiyang stated that it strictly follows the management procedures, regularly updates measurement parameters and recognizes asset impairments, complying with regulatory requirements. ②Continuing to adhere to the concept of coordinated development of "quantity and price", increasing low-cost fund inflows and fund deposits, continuously optimizing the deposit term structure, gradually restoring net interest margins. ③Will comprehensively consider investor demands and the operational needs of the bank, maintaining a sustainable and stable cash dividend ratio and frequency.
The trend of deposit regularization has eased. Executives of Jiangsu Zijin Rural Commercial Bank explain the mid-term dividend distribution plan and will push forward the capital supplementation plan at the opportune time.
① In the short term, the speed of downward interest rate spread has been alleviated, assuming that LPR will not be lowered again, and it is expected to stabilize in the fourth quarter. ② Based on the mid-term operating conditions, we will carry out relevant work on mid-term dividends, coordinate the amount of mid-term and annual dividends, and maintain a reasonable time interval for dividends.
Bank of Chengdu's earnings conference: The non-performing loan ratio for personal housing loans has increased, and the impact of the LPR (Loan Prime Rate) cut has already been released. The net interest margin is stabilizing under certain conditions.
① In the first half of the year, the net interest margin decreased by 15 basis points compared to the previous year, mainly due to the continuous reduction of the LPR of previous loans and the bulk adjustment of interest rates for existing personal housing loans last year, which will continue to exert certain pressure on the quality of assets in the real estate sector in the future. ② In the long term, it can be determined that the net interest margin is stabilizing and has already met certain conditions.
China Zheshang Bank executives responded to the narrowing net interest margin, stating that "from a marginal perspective, it shows a stabilizing and rising trend." The chairman said: Individual executive changes do not affect the operation.
① Lu Jianqiang, chairman of Zheshang Bank, publicly responded to market concerns today: “Individual executive changes will not have an impact on Zheshang Bank's operations. Zheshang Bank's various business activities are carried out normally.” ② Hou Bo (proposed), assistant governor of Zheshang Bank, said that from a marginal point of view, interest spreads showed a steady upward trend.
Tire semi-annual report inventory: strong demand, outstanding performance, continue to expand overseas market.
① Among the 9 listed companies in the tire industry, 8 companies have achieved growth in net income in the first half of this year due to strong market demand; ② Top companies in the industry, such as Sailun Group, Linglong Tyre, and Jiangsu General Science Technology, will continue to expand overseas production capacity in 2024 to meet the high overseas demand.