The vice president of China CITIC Bank Corporation (00998.HK) resigned due to work adjustments.

China CITIC Bank Corporation (00998.HK) announced that due to work adjustments, Mr. Lü Tiangui has resigned from the position of vice president, effective immediately. Mr. Lü has confirmed that there are no disagreements with the Board of Directors or the bank's senior management.

AASTOCKS00:18

Express News | China CITIC Bank Corporation: Vice President Mr. Lv Tiangui has resigned.

BreakingsMar 10 19:03

Several large and medium-sized Banks have inverted deposit interest rates, with some Banks offering lower rates for 5-year deposits compared to 1-year deposits.

According to the Guangzhou Daily, the interest rate inversion has spread to domestic large and medium-sized Banks.

Gelonghui FinanceMar 10 07:20

Jianyin International: It is expected that domestic banks' net profit rose by 2% last year, Bullish on CM BANK and China CITIC Bank Corporation.

China International Capital Corporation published a Research Report stating that the mainland government is committed to controlling tail risks and maintaining an active market sentiment. The firm holds a positive view on the stock prices of China Mainland Banking for the fiscal year 2025, believing that stable operational performance will support the dividend yield of H-shares of mainland banks reaching 6.1% in the previous fiscal year. It mentioned that Ping An Bank (000001.SZ) will kick off the announcement of fiscal year 2024 results on March 14. The firm expects the fastest growing stock among the covered mainland banks to be Agricultural Bank Of China (01288), with a year-on-year increase of 4%. It is expected that mainland banks' net profit last year could increase by 2% year-on-year, while the provision pre-profit (PPOP) and revenue are both estimated to drop by 1% year-on-year.

Sina Hong Kong stocksMar 7 17:42

Jianyin International: It is expected that the net profit of domestic banks increased by 2% last year. Bullish on CM BANK (03968) and China CITIC Bank Corporation (00998).

The bank indicates that the market is focusing on the reassessment of the prospects for China Mainland Banking stocks, the quality of earnings under pressure, etc. The bank expresses a more Bullish view on high-quality banks.

Zhitong FinanceMar 7 17:30

The investment rating and Target Price of China Mainland Banking by Great Bank's Jianyin International (Table)

Jianyin International published a research report, detailing the investment ratings and Target Prices for China Mainland Banking as follows: Stock | Investment Rating | Target Price (HKD) Industrial And Commercial Bank Of China (01398.HK) | Outperform | 6.2 Agricultural Bank Of China (01288.HK) | Outperform | 5.3 Bank Of Communications (03328.HK) | Outperform | 7.5 Postal Savings Bank Of China (01658.HK) | Outperform | 5.5 CM BANK (03968.HK) | Outperform | 52 China CITIC Bank Corporation (00998.HK)

AASTOCKSMar 7 16:17