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[Brokerage Focus] Jianyin International is optimistic about the stock price of Bank Of China for the fiscal year 2025.
Jinwu Financial News | Jianyin International expresses an optimistic view on the stock price of Bank Of China for the fiscal year 2025, mainly due to the government's commitment to controlling tail risks and the high market sentiment. The bank believes that solid operating performance will support a 6.1% dividend yield for Listed in Hong Kong banks in the fiscal year 2024. According to the bank's profit model, it is expected that the overall net income of the Chinese banking industry it covers will increase by 2% year-on-year in the fiscal year 2024 (with a year-on-year growth of 2% in the fiscal year 2023). Among the banks covered by the bank, Agricultural Bank Of China (ABC) has the fastest growth, increasing by 4% year-on-year. Operating profit for the fiscal year 2024.
CITIC SEC: Market style stabilizes, Banks stocks are expected to continue a steady upward trend.
Overall, the policies since the fourth quarter have a direct effect on stabilizing financial risks. During the Two Sessions, the likelihood of those policies significantly exceeding expectations is low, but the 'uncertain' policies are moving towards 'certainty'. Therefore, bank stocks are expected to continue a steady upward trend.
China Bohai Bank Issues 5 Billion Yuan of Green Bonds
CBHB (09668.HK) has completed the issuance of 5 billion yuan in green financial bonds.
CBHB (09668.HK) announced the issuance of green financial bonds (Phase I) in the national interbank bond market, with a total issuance scale of 5 billion yuan, in the form of a 3-year fixed-rate bond, with a coupon rate of 1.89%.
China's Central Bank Conducts 300 Billion Yuan Medium-term Lending Facility Operation
HUANENG POWER has completed the issuance of 2.5 billion yuan ultra-short-term financing bonds.
HUANENG POWER (00902) announced that it has recently completed the issuance of its first ultra-short-term financing bond for 2025 ("this bond"). The issuance amount of this bond is 2.5 billion yuan, with a term of 95 days, a face value of 100 yuan, and an issuance interest rate of 1.97%. This bond was underwritten by CBHB and Bank Of Hangzhou as the lead underwriters, and was publicly issued in the national interbank bond market through a book-building and centralized allocation method. The funds raised from this bond will be used to replenish the company's working capital.