000150 SSE 380 Dividend Index
- 10303.60
- -63.69-0.61%
Interest rate as low as 2.98%! Bank of Shanghai doubles subsidies for "trade-in" program, introducing exclusive consumer vouchers and interest rate coupons, covering key areas such as business districts and autos.
①Shanghai announced a major push to promote consumer trade-ins, with consumer subsidy funds of up to 4 billion yuan. ②Multiple financial institutions have launched consumer vouchers for trade-ins and consumer discounts on the basis of government subsidies.
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.
A-share listed banks' semi-annual report: 41 banks continue to explore interest rate spreads, 12 banks experience negative growth in net income. The window for another round of interest rate cuts for existing housing loans has opened, posing a potential c
In the first half of the year, 41 banks collectively experienced a decline in net interest margin, with 9 banks experiencing a decrease in the level of interest margin of 2% or more compared to the same period last year. The number of banks with negative growth in net profit attributable to the parent company reached 12, an increase of 7 compared to the same period last year. Experts believe that the continued narrowing of net interest margin has put pressure on the profitability of banks, and the possible downward adjustment of mortgage rates for existing homes in the near future will further challenge the interest margin of banks and increase operational pressure.
Huaibei Mining Holdings' half-year performance decreased by nearly 20% year-on-year. The company will improve its mid-term dividend mechanism in the future. | Interpretations
①Due to the decline in coking coal prices, Huaibei Mining's net income attributable to shareholders for the first half of the year was 2.935 billion yuan, a year-on-year decrease of 18.19%. The price of coking coal may continue to be lowered in the third quarter. ②The company will not distribute dividends for the middle of this year, and will improve the mid-term dividend mechanism by amending the Articles of Association in the future.
After the change of the controlling shareholder, Nanjing Iron & Steel released its first 'mid-term report card', which shows a performance growth of over 20% against the trend. | Interpretations
In the first half of the year, Nanjing Iron & Steel achieved a net profit attributable to shareholders of RMB 1.233 billion, a year-on-year increase of 24.70%; The company plans to distribute a cash dividend of RMB 1.00 per 10 shares for the first half of the year, with a total dividend of RMB 0.617 billion. Apart from maintaining a high level of profitability in the steel business, Nanjing Iron & Steel has also contributed significantly to other income growth in the first half of this year. In addition, both management expenses and staff salaries have seen a year-on-year decrease.
The Hong Kong stock market is strong, with a stock soaring over 123% during intraday trading! What happened?
With the rise in market activity, the Hong Kong stock market has also seen frequent appearances of "monster stocks".
Is the remuneration method reasonable for the unexpected controversy over the 'ten-thousand-yuan meeting subsidy' for directors and supervisors of Huaxing Bank? How to reasonably motivate independent directors to perform their duties is a test.
Director and supervisor subsidies are industry norms, especially to encourage the participation of external directors and supervisors. The allowance for independent directors is generally around 0.2-0.3 million per year, and there are not many meetings per year. If paid according to the number of meetings, it may appear relatively high. "Effectively play the role of independent directors in supervision and strengthen performance protection and constraints". This means that the responsibility of independent directors is further expanded.
Interest rate of 2.15%! Bank of Shanghai's 20 billion yuan Tier 2 capital bonds were quickly issued, and more than 16 banks were approved for "blood transfusion" within the year.
On the morning of August 7th, Bank of Shanghai announced that its "2024 First Phase Tier 2 Capital Bonds" had been issued on the 6th, with a total issue amount of 20 billion yuan. At least 16 banks' Tier 2 capital bond or capital instrument issuance plans have been disclosed by the National Financial Regulatory Administration this year, and the scale of Tier 2 bond issuance by only the six state-owned banks has exceeded 430 billion yuan within the year.
Wuxi AppTec's net income in the first half of the year fell 20% year-on-year; Country Garden's liquidation hearing was postponed and approved by the court.
China Railway Construction Corporation's new contract amount in the first half of the year decreased by about 20%; Fuyao Glass' net income in the first half of the year was nearly 3.5 billion yuan.
The channel for a new round of deposit rate cuts is opening, and institutions say that the fundamentals of banks are about to hit bottom.
After the combination of "interest rate cut", the expectation channel for a new round of deposit rate cuts is opened, and state-owned banks take the lead. Huafu Securities research report pointed out that the market expects the net interest margin slope of banks to slow down and the fundamentals to bottom out.
Trend Report | Inner Mongolia Erdos Group held a preview of new products for the 2024 autumn/winter season, the first MIKIMOTO coffee shop in the world opened, Moxun helped the Chinese national sailing team to set sail for Paris, and FineToday Group leads
Inner Mongolia Erdos Resources officially opened its Shanghai Erdos Jing'an Center, featuring a sustainable exhibition space.
Changsha supports the adjustment of eligible apartments to residences, and the bullish real estate policy continues to increase.
Changsha City issued a notice on the matters related to supporting the adjustment of apartment and other residential commodity houses to residential buildings, clarifying that apartments and other residential commodity houses with difficulties in development and circulation can be adjusted to residential buildings according to regulations and procedures after being proven feasible under the premise of ensuring the carrying capacity of public service facilities and basic supporting facilities.
Total investment of 80 billion! Three Gorges Power plans to participate in the Inner Mongolia Erdos Resources 'Wind Power, Solar Power, and Energy Storage Integration' project for external delivery. | Quick read announcement
China Three Gorges Corporation plans to participate in the construction of the Kubuqi Desert new energy base project with a total investment of nearly 80 billion yuan. The company became the leading new energy operator in the A-share market after going public in 2021 and invested more than 40 billion yuan in the construction of three offshore wind power projects in the same year.
Another one! Bank of Ningbo has announced the termination of its contract with PwC. Bank of Shanghai, Bank of Suzhou, and Minsheng Bank have not yet made any statement.
① The Bank of Ningbo issued an announcement announcing the cancellation of the “Proposal on Hiring an External Auditor” which has been reviewed and approved by the 2023 Annual General Meeting of Shareholders. ② According to Wind statistics, there are 107 A-share listed companies whose 2023 annual reports were audited by PricewaterhouseCoopers. Among them, there are 6 banks.
Hua Xia Bank has completed the issuance of 40 billion perpetual bonds. Will the development pressure be relieved as performance is under pressure and interest rate spreads decline?
Hua Xia Bank announced the completion of the first phase of the capital bond issuance in 2024, with a scale of 40 billion yuan. The funds raised will be used to supplement the company's other tier one capital. Previously, Zhongcheng Credit International analyzed that as a listed company, Hua Xia Bank has diversified channels for capital supplementation, but future business development will still put sustained pressure on the bank's capital.
Investment income comes from bank dividends and many issues are avoided without discussing Youngor's results will be “spared like money” | Direct access to performance meetings
① The company's investment income mainly comes from dividends from CITIC Corporation and Bank of Ningbo ② Financial investments in other non-main businesses will speed up disposal efforts ③ The profit of the fashion sector business declined in the first quarter. The company says it is investing heavily in the acquisition of brands
Did the majority shareholders who increased their holdings last year all make money? Bank of Ningbo revealed the latest progress in increasing Youngor's holdings. After the “purchase” in mid-February, the stock price has risen by more than 20%
① Bank of Ningbo and Bank of Lanzhou announced on the same day that the shareholder increase was completed, and the proportion of Youngor's shareholding in Bank of Ningbo increased to 10%; ② Bank of Ningbo's stock price has continued to rise since the beginning of the year. After Youngor's current round of holdings increase, Bank of Ningbo's stock price has risen by more than 20%; ③ After Central Huijin increased its holdings in the four major banks last year, the average increase so far is about 17%.
The quarterly adjustment of the MSCI Index excludes 15 Hong Kong stocks. The effective date is scheduled for early June
① Which individual stocks will MSCI China adjust quarterly? ② How much impact does the MSCI Index have on the market?
MSCI China Index Quarterly Adjustment Announced! Added 10 new constituent stocks including Hisense Home Appliances (00921)
On May 15, MSCI, an international index compiling company, announced its quarterly index adjustment results for May 2024. The adjustment results will take effect after closing on May 31, 2024.
Salary cuts to sole proprietors? Huaxia Bank plans to adjust the directors' allowance standards. The sole director's income or “sharp rise and fall”, the reduction is about 9%
① Huaxia Bank's bill on the adjustment of directors' allowance standards attracted market attention. Due to changes in calculation rules, the bank's sole manager's allowance will probably drop to a certain extent from the level in the previous year's financial report. ② The new directors' allowance standard is 355,000 yuan/person/year. According to the 2023 financial report, Huaxia Bank's sole director's salary is generally around 390,000 yuan. Based on this initial calculation, the sole director's allowance was reduced by about 9%.