601398 Industrial and Commercial Bank of China
- 6.13
- -0.01-0.16%
Industrial and Commercial Bank of China News
Express News | Gold prices have risen for three consecutive days to a one-week high. Has the upward trend resumed?
Rare! This rural commercial bank is offering a 5-year fixed deposit interest rate of 1.5%, which is lower than the 1.55% level of state-owned banks. It is referred to as a "case" in the industry.
①Recently, Wuxiang Rural Commercial Bank adjusted the deposit execution interest rates, lowering the execution interest rates for personal fixed-term deposits of two years, three years, and five years to 1.5%, with the five-year execution interest rate being lowered below the lowest level of the state-owned banks' published rates. ②The phenomenon of the aforementioned rural commercial bank reducing rates beyond the mid- to long-term levels of state-owned banks is still considered an isolated case.
Express News | minfeng special paper: The controlling shareholder plans to increase its shareholding by 20 million to -40 million yuan and has secured a commitment for a special loan of no more than 28 million yuan.
Express News | suzhou hyc technology: plans to repurchase 25 million-50 million yuan of shares
Banks' dormant account cleanup is gradually extending to corporate accounts. This rural commercial bank announced that it will clean up long-suspended accounts of units, and many other banks are also handling this.
On the morning of November 20, Jinchang Rural Commercial Bank announced that it will clean up and close some unit bank settlement accounts that have been inactive for a long time. Recently, some banks have adopted similar practices to Jinchang Rural Commercial Bank, including Dangyang Rural Commercial Bank, China Construction Bank Weifang Branch, Bank of Nanjing.
The unchanged LPR in November meets market expectations. Industry insiders do not rule out the possibility of further interest rate cuts next year along with the reverse repurchase rate.
① By the end of the year, the economic running is expected to continue its upward trend, with policy interest rates likely to remain stable and LPR quote also expected to stay unchanged. ② There is a high possibility of further reductions in deposit rates in the future, coupled with the issuance of special treasury bonds to support large state-owned commercial banks in replenishing their core tier one capital, which is expected to gradually alleviate the interest spread and operational pressure for commercial banks. It is possible that next year the LPR quote may be accompanied by further interest rate cuts on reverse repurchase agreements.
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The new LPR for the next period is about to be announced, is the interest rate policy entering an observation period?
According to Zhongzheng Jinniuzuo, since the beginning of this year, the loan market quote rate has been adjusted three times, leading to a continuous decrease in corporate financing and residential crediting costs.
Guangdong Dongpeng to Buy Back Shares of Up to 200 Million Yuan
Hong Kong stocks midday report: The three major indices all rose, the technology index rose nearly 1%; golden industrial concept strengthened, Chinagoldintl soared over 9%.
Network technology stocks fluctuate, Xiaomi Group-W down by 3.12%, Kuaishou-W up by 2.50%; Nonferrous metals stocks are on the rise, sd gold up by 5.22%, zijin mining group up by 5.11%; Apple supplier stocks perform well, fih up by 5.75%, BYD Electronics up by 4.04%.
"Dai Hang" Morgan Stanley: The risk-return profile of state-owned banks' H-shares is less favorable, downgrading the ratings of Bank of China (03988.HK) and Bank of Communications (03328.HK).
JPMorgan released a report pointing out that the risk-return trend of state-owned silver listed in Hong Kong is becoming unfavorable. With the escalation of trade tensions between China and the United States, the macro environment has become more challenging. If China's policy response exceeds expectations, A/H share state-owned silver companies may lag behind growth companies; however, if the policy response disappoints, the downside risk of listed H shares of silver will be higher than listed A shares of silver. Compared with regional peers, the total return gap of listed H shares of silver lacks attractiveness, and the PBOC's tools provide downward support for the onshore market but have limited impact on the offshore market. The bank has downgraded the rating of BOC Hong Kong (03988.HK) H shares from "shareholding" to "neutral".
Express News | Sealand: The price difference of Wanhua Chemical Group compared to the previous month has improved slightly, maintaining a "buy" rating.
Market cap management guidelines promote the rise of dividend assets! The sectors of steel, building materials, and domestic banks have all surged significantly; how is the outlook for the market?
As of now, the Wind price-to-book index has increased by more than 30% since September 18, which includes stocks from large traditional industries such as banks, chemicals, and petrochemicals, while small-cap companies are mainly concentrated in building materials, home furnishings, and other areas.
Hong Kong stocks show unusual movements | China mainland banking sector rises across the board, banks sector overall in a state of trading below book value, market cap management guidance brings opportunities for valuation reshaping.
China mainland banking stocks are all rising, as of the press release, bank of zhengzhou (06198) rose by 8.08% to HKD 1.07; minsheng bank (01988) rose by 6.14% to HKD 3.11; ceb bank (06818) rose by 4.15% to HKD 2.76; bank of china (03988) rose by 3.32% to HKD 3.73; industrial and commercial bank of china (01398) rose by 2.83% to HKD 4.73.
ICBC and Bank of China assist the South American region in issuing the first panda bond worth 1.2 billion yuan each.
The Industrial and Commercial Bank of China (01398.HK)(601398.SH) successfully assisted the global large commodity pulp producer Suzano in issuing the first green mid-term notes panda bonds in the interbank bond market in China, which is also the first panda bond issued by an issuer from South America in the domestic market. The bond issuance scale is 1.2 billion yuan (the same below), with a three-year term and a coupon rate of 2.8%. It has received enthusiastic subscriptions from market investors, and the raised funds will be entirely used to invest in green-certified eucalyptus plantations in Brazil. Bank of China (03988.HK)(601988.SH)
Express News | Industrial and Commercial Bank of China helped the Ministry of Finance successfully issue $2 billion sovereign bonds.
Express News | CETC Digital Technology: Controlling shareholder and its concerted parties received a commitment letter for shareholding special loans.
Express News | Brazil's Suzano issued 1.2 billion RMB Panda bonds with a coupon rate of 2.8%.
Industrial and Commercial Bank of China's Business Chief Resigns
The CSRC has issued guidelines on market cap management, requiring listed companies to improve their profitability.
To implement the "State Council's Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of Capital Markets," further guide listed companies to pay attention to their investment value, effectively enhance investor returns, the China Securities Regulatory Commission issued the "Guidelines for the Supervision of Listed Companies No. 10 - Market Cap Management," which will be implemented from the date of publication. The "Guidelines" require listed companies to improve their company quality, enhance operational efficiency and profitability based on actual situations, and lawfully and compliantly utilize methods such as mergers and acquisitions, stock-based incentives, employee stock ownership plans, cash dividends, investor relations management, information disclosure, share repurchases, etc., to promote the reasonable investment value of listed companies.
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