CQRC BANK News

Supplementary Announcement to the 2023 Annual Report of Chongqing Rural Commercial Bank Co., Ltd.

SZSI00:00 · Announcements

CQRC BANK (03618.HK) appoints Liang Yingxian as an authorized representative.

Gelonghui, January 24丨CQRC BANK (03618.HK) announced the appointment of company secretary Liang Yingxian as the authorized representative, effective from January 24, 2025.

Gelonghui FinanceJan 24 17:35

Here comes the simplified version of the press conference highlights! Five ministries have made a significant statement, vigorously promoting the entry of medium- and long-term funds into the market.

The China Securities Regulatory Commission will further enhance the equity allocation capacity of medium to long-term funds, steadily expand the investment scale, and improve the funding supply structure of Capital Markets.

WindJan 23 10:35

Economists: The impact of the LPR reduction in 2024 may be concentrated in the first quarter of this year, continuing to squeeze Banks' interest margins.

On January 21, according to Securities Daily, on January 20, the first phase of the 2025 LPR (Loan Market Quote Rate) was released, with the one-year and over five-year rates remaining unchanged. The chief economist of MINSHENG BANK, Wen Bin, believes that at the beginning of the year, banks are facing significant repricing pressure, and there is insufficient momentum and space for the continued reduction of LPR.

Gelonghui FinanceJan 21 06:17

Are Banks under pressure from interest margins looking to Overseas for profits? The 2025 annual plan reveals that Overseas Business may become a new highlight.

① The Industrial And Commercial Bank Of China stated that it aims to explore a second growth curve for Overseas Operation; ② The outbound expansion of enterprises has transformed into an industry going overseas together with upstream and downstream partners, which means that more Chinese companies are establishing factories and operating locally.

cls.cnJan 20 20:35

The Banks wealth management market welcomes a "big year": the existing scale reaches 29.95 trillion, and the number of investors is 0.125 billion.

The year 2024 is a significant year for the Banks' wealth management market in our country, with scale and users continuing to maintain a steady growth trend.

Gelonghui FinanceJan 20 12:20

CQRC BANK (03618.HK): Zhang Peizong resigns from his positions as Executive Director, Vice President, and other roles.

Gelonghui reported on January 17 that CQRC BANK (03618.HK) announced the recent resignation of executive director Zhang Peizong. Zhang Peizong resigned from his positions as executive director, vice president, Board of Directors secretary, chairman of the Board of Directors Consumer Rights Protection Committee, member of the Board of Directors Risk Management Committee, member of the Board of Directors Related Transactions Control Committee, and authorized representative appointed under Article 3.05 of the Securities Listing Rules of The Stock Exchange of Hong Kong Limited due to job relocation. Zhang's resignation will take effect from January 17, 2025.

Gelonghui FinanceJan 17 17:40

The AUM of private banking has grown against the trend; high-end clients are the future of Banks.

In 2024, amid narrowing interest margins and weak income in the banking industry, one Indicator continues to "skyrocket." Data from the corporate early warning system shows that China's private banks...

wallstreetcnJan 17 10:08

The three major indices of the Hong Kong stock market continue to rise, with Banks and Semiconductors stocks performing brilliantly.

① How do the Institutions view the subsequent trends of Hong Kong stocks? ② What is the reason for the significant rise of WUXI XDC today?

cls.cnJan 15 16:36

Research Reports Digging for Gold | CICC: The first interest rate cut by the People's Bank of China this year is expected to be implemented in the first quarter. The high dividend strategy remains the main line of Trade in China Mainland Banking.

On January 15, Gelonghui reported that China International Capital Corporation (CICC) published a report stating that regarding the People's Bank's emphasis on implementing a moderately loose MMF policy and utilizing various policy tools such as interest rates and reserve requirement ratios to maintain ample liquidity, CICC expects that although the pace of interest rate cuts overseas may slow down, there is still hope for domestic interest rate reductions of 40 to 60 basis points and a decrease in the reserve requirement ratio of around 100 basis points this year, with the first interest rate cut likely to occur in the first quarter. In terms of updates on bank stock perspectives, CICC indicated that the financial data from December last year reflected a trend of government leverage to support steady growth in social financing. Although overall Crediting demand remains weak, the debt replacement repayment of corporate debts activates corporate funds initially.

Gelonghui FinanceJan 15 13:18 · Ratings

In the report "Major Banks", China International Capital Corporation lists the investment ratings, Target Prices, and valuation forecasts for China Mainland Banking (table).

CICC published a report listing the investment ratings and target prices for China Mainland Banking stocks: Stock │ Investment Rating │ Target Price CCB (00939.HK) │ Outperform Industry │ HKD 8.91 CMB (03968.HK) │ Outperform Industry │ HKD 53.6 ABC (01288.HK) │ Outperform Industry │ HKD 5.09 ICBC (01398.HK) │ Outperform Industry │ HKD 7.11 The report also forecasts this year's price-to-book ratio and dividend yield for China Mainland Banking stocks: Stock │ Forecast Price-to-Book Ratio │ Forecast Dividend Yield ICBC (01398.HK) │ 0.4x │ 6.7%

AASTOCKSJan 15 12:44

CQRC BANK (03618): A-share cash dividend of 0.1944 yuan per share.

CQRC BANK (03618) issued the implementation announcement for the A-share equity distribution for the first half of 2024, with each A-share currently...

Zhitong FinanceJan 14 17:47

Chongqing Rural Commercial Bank (601077.SH) announced a semi-annual dividend of 0.1944 yuan per share, with the dividend registration date on January 22.

Chongqing Rural Commercial Bank (601077.SH) announced that the company will implement the A-share equity distribution for the first half of 2024, ...

Zhitong FinanceJan 14 17:00

UBS Group: Expects the banking industry's interest margins to continue to face pressure in 2025, with state-owned banks performing better in the short term.

The UBS Group research team expressed the view that the Banks will face challenges in 2025, such as further declines in interest rates and a decrease in ROE.

Zhitong FinanceJan 14 06:59

Express News | Bank stocks fluctuated and fell, with the four major banks - Bank of China, Agricultural Bank, Industrial Bank, and Construction Bank - all declining by more than 2%.

BreakingsJan 13 10:17

The transformation of the Banking Industry in adversity in 2024: the mud and dawn of the "light asset" vision.

How far is dawn?

wallstreetcnJan 8 22:41

On the first trading day of the New Year, Bank stocks opened high and then fell back. Many Institutions: the opening performance may be better than in previous years, but the trend of declining net interest margin remains unchanged.

① The crediting ratio between each quarter is expected to recover to a ratio of 4:3:2:1. ② It is expected that policy trends will continue, gradually boosting demand in the Real Estate sector. ③ This year, the decline in net interest margin for Banks is narrower compared to 2024, with a calculated interest margin of 1.34% under neutral assumptions.

cls.cnJan 2 14:19

In the "Big Firms" report, CITIC Securities forecasted this year's price-to-book ratio and dividend predictions for domestic banks listed in Hong Kong (table).

CICC issued a report on the outlook for China Mainland Banking this year, listing the predicted price-to-book ratios and dividend yields for H-shares: Stock │ Predicted Price-to-Book Ratio │ Predicted Dividend Yield ICBC (01398.HK) │ 0.4 times │ 6.3% CCB (00939.HK) │ 0.4 times │ 6.7% BOC (03988.HK) │ 0.4 times │ 6.4% ABC (01288.HK) │ 0.5 times │ 5.8% BoCom (03328.HK) │ 0.4 times │ 6.3% Postal Savings Bank Of China (01658.HK) │ 0.4 times │ 6.2% CMB (03968.HK) │ 0.8 times.

AASTOCKSJan 2 12:41

Liu Yonghao's stock acquisition is complete! The "New Hope Liuhe" group has made five moves on MINSHENG BANK, becoming the second largest Shareholder.

After this Shareholding increase, New Hope Group, controlling Southern Hope Industry, New Hope Liuhe Investments, and New Hope Chemicals, holds nearly 2.24 billion shares of MINSHENG BANK.

Brokerage ChinaJan 2 08:31

Express News | Minsheng Securities: It is expected that the Banking Industry will continue to maintain steady Operation in 2025.

BreakingsJan 1 15:22