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Less than six months, China CITIC Bank once again promoted internal cadres. Gu Lingyun, 46, was appointed deputy president, becoming the youngest executive at the level of joint-stock banks.
Following the appointment of He Jinsong as vice president by the board of directors of China CITIC Bank on May 23, another internal promotion to vice president has been made. The current chairman of China CITIC Bank, Fang Heying, also started at the Hangzhou Branch, coincidentally overlapping with Gu Lingyun's experience.
Express News | China Citic Bank Corporation: Appoints Gu Lingyun as Vice President.
After the Mid-Autumn Festival, the consumer loan interest rates of banks starting with the number "1" are gradually ending, with 2.88% still being the mainstream. The industry believes that in the long term, it will still enter the range starting with the
1. Although various commercial banks have all launched consumer loan promotional activities, the optimal level of annual interest rates for consumer loans is still maintained at 2.88%. 2. In order to increase the credit release efforts, banks have lowered the interest rates of consumer loans in exchange for quantity, and this has become a common situation in the consumer loan market. 3. With interest rates at a downward trend, consumer loan interest rates are expected to continue to decline, and the market's consumer loan levels may enter the single digits.
In Lyon's "Great Banking", financial experts expect that the mainland may soon cut interest rates. If the policy effectively eases the net interest margin losses, there is a preference for China Construction Bank (00939.HK) and Ping An Bank (03968.HK).
Lyon's report states that the banking industry in China has not yet seen the light at the end of the tunnel. Last week, the bank met with banking and financial industry experts in four cities in mainland China and indicated that there was no significant improvement in related businesses, loan demand remained weak, the quality of retail assets may deteriorate further, and there were no signs of a peak. However, the maturity of time deposits and lower interest rates will bring encouraging performance to net interest margin, but there is still the risk of potential lowering of mortgage loan rates that has not been realized. Bankers have not found any significant catalysts that can change the situation of "economic weakness, weak demand", and it is estimated that next year may be another year of soft loan growth for the bank.
Galaxy Securities: Bullish on the dividend value of the banking sector.
China Galaxy Securities research reports indicate that the governance of financial 'squeezing out water' and the circulation of funds continue, and credit injection is slowing down and improving in quality, with a balanced pace and a reasonable growth in total amount, supported by government bond issuance to boost social financing.
Express News | Zhu has purchased 10 million yuan in bank financial products using idle fundraising funds.
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