01551 GRCB
- 1.640
- 0.0000.00%
GRCB News
Express News | The Ministry of Finance and four other departments issued a notice to implement the equipment update loan policy with financial discount.
Express News | Galaxy Securities' midterm strategy for the banking industry in 2024: Focus on improving risk expectations and positive fundamentals.
Express News | CITIC Securities: Bottom signals of fundamental driving factors of the banking sector are beginning to appear.
Guangzhou Rural Commercial Bank Redeems, Cancels Offshore Preference Shares
Guangzhou Rural Commercial Bank (HKG:1551) redeemed $1.43 billion of offshore preference shares on June 20 following regulatory approval for around $1.52 billion, a June 21 bourse filing said. Followi
Are there still deposit products with an interest rate of 3% or more in small and medium-sized banks that continue to lower interest rates? Expert: The third quarter may usher in a new round of deposit rate cuts, and the downward space will be narrowed.
Recently, the continued reduction of deposit interest rates by small and medium-sized banks has once again attracted attention. However, even after this adjustment, some banks still offer deposit interest rates of 3% or higher. Experts believe that under the trend of shrinking interest rate spreads and deposit regularity, the third quarter is likely to start a new round of deposit interest rate cuts, but the space for further reduction of deposit interest rates may be narrowed compared to the first half of the year.
GRCB (01551.HK) has completed the redemption of overseas preferred shares.
On June 21st, Gelunhui reported that Guangzhou Rural Commercial Bank (01551.HK) announced that, according to the terms and conditions of overseas preference shares and the approval of the Guangdong Regulatory Bureau of the China Banking and Insurance Regulatory Commission (CBIRC), the Bank redeemed all of its overseas preference shares on June 20, 2024. The total redemption price was $1,523,744,444.44. After the redemption and cancellation of overseas preference shares, the Bank no longer held any outstanding overseas preference shares. Accordingly, the Bank has applied to the Hong Kong Stock Exchange for the removal of its overseas preference shares. The delisting of the aforementioned overseas preference shares was completed at 4 PM on June 21, 2024.
Express News | Zheshang Securities: High dividend bank stocks mark the beginning of a long cycle.
Express News | Citic Sec: Bottom signals of bank fundamentals driving factors have appeared, solidifying the certainty of bank dividend income space.
Mid-day overview: All three major indexes rose by over 1%, with network technology stocks, autos, and mainland China banking stocks up. Bilibili rose over 10%.
Network technology stocks rose, SenseTime rose more than 7%, Xiaomi Group rose more than 3%, Netease, Tencent, Alibaba, and jd.com all rose more than 1%.
Express News | Multiple small and medium-sized banks in various regions have announced a decrease in deposit interest rates.
Express News | CITIC SEC: Bank stocks' valuation is backed by fundamentals, cementing dividend yield space certainty.
grcb (01551): Cai Jian was elected as an executive director of the fourth board of directors.
GRCB (01551) has released an announcement stating that they are pleased to announce that Cai Jian and Deng Xiaoyun were elected at the annual shareholders' meeting...
POLL RESULTS OF THE 2023 ANNUAL GENERAL MEETING HELD ON 13 JUNE 2024; ELECTION OF DIRECTORS OF THE FOURTH SESSION OF THE BOARD OF DIRECTORS; ELECTION OF SHAREHOLDER SUPERVISORS AND EXTERNAL SUPERVISORS OF THE FOURTH SESSION OF THE BOARD OF ...
Express News | CITIC SEC believes that continuous real estate finance policies will change the expectations of bank real estate debt risks.
Express News | GTJA: Real estate policy remains stable, banks sector valuation repair in progress.
Express News | Why is the banking sector the top gainer this year, according to Industrial Securities?
It continues! Several small and medium-sized banks have lowered the listed deposit rates for some terms starting from June, and the decline can reach up to 30 basis points.
Some small and medium-sized banks have used the deposit interest rate marketization adjustment mechanism and reasonably reduced their cost of debt to improve their operation according to the deposit market and their own operating conditions, which expands the space for further benefiting the real economy. The adjustment time and amplitude of different banks vary according to their own situation and referring to similar banks.
Express News | GF Securities: Banks' non-interest contribution has increased, asset quality is stable
Express News | Commercial banks in China achieved cumulative net profit of 672.3 billion yuan in the first quarter
Interpretation of ESG Annual Report|Guangzhou Agricultural Commercial Bank (01551) Releases 2023 ESG Report to Increase Green Credit Investment to Support Low-Carbon Transformation in Diversified Green Industries and High-carbon Industries
Recently, Guangzhou Agricultural Commercial Bank (01551) released the “2023 Social Responsibility (ESG) Report”. This is the seventh ESG report issued by the bank since 2018 to disclose information on environmental sustainability, social and corporate governance.
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