601658 Postal Savings Bank Of China
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Postal Savings Bank Of China News
Ping An Insurance continues to "shop" for state-owned banks: investing 0.13 billion HKD to Buy Agricultural Bank Of China's Listed in Hong Kong shares, with a shareholding ratio of 5.05%.
① On January 7, Ping An Insurance Buy 31,678,000 shares of Agricultural Bank Of China Listed in Hong Kong, increasing its shareholding ratio from 4.95% to 5.05%; ② Ping An Asset Management previously disclosed that on January 3, after buying Agricultural Bank Of China Listed in Hong Kong, its shareholding ratio reached 5.03%; ③ Since last year, Ping An Insurance has been continuously 'sweeping up' H shares of major state-owned banks such as ICBC, CCB, PSBC, and Agricultural Bank Of China.
Banks' "Wealth Management Night Market" trend is rising again, and the incremental scale of bank wealth management may reach 2-3 trillion yuan by 2025.
① Wealth management companies and Banks are actively creating and establishing "wealth management night markets," breaking time limitations to meet more investors' needs; ② Against the backdrop of declining deposit interest rates, bank wealth management still has vast development space. In the next step, wealth management companies can continue to strengthen efforts in product innovation, channel innovation, and service model innovation.
Goldman Sachs' investment rating and Target Price for China Mainland Banking Listed in Hong Kong (table)
Goldman Sachs released a research report, listing investment ratings and target prices for China Mainland Banking listed in Hong Kong as follows: Stock | Investment Rating | Target Price (HKD) Industrial And Commercial Bank Of China (01398.HK) | Sell -> Neutral | 3.96 -> 5.62 Bank Of China (03988.HK) | Neutral -> Buy | 3.51 -> 4.91 China Construction Bank Corporation (00939.HK) | Buy | 6.07 -> 7.91 Agricultural Bank Of China (01288.HK) | Sell -> Neutral | 3.12.
Foreign giants are intensively raising the ratings of Assets in China, Hong Kong stocks and Banks are favored, how will the market evolve in the future?
Southbound funds are continuously performing large-scale "buying" of Hong Kong stocks. As of January 9, southbound funds have maintained a buying scale of over 10 billion for three consecutive trading days, with a total net buy of 39.139 billion HKD in the past three days.
Anti-corruption efforts in CSI China Mainland Financials Index continue, and it is reported that domestic banks have become key targets for investigation.
According to domestic media report "The Paper", the anti-corruption situation in CSI China Mainland Financials Index continues. Last year, at least 97 individuals in the financial sector were investigated, which is comparable to 2023. Among the 97 individuals under investigation, 3 are central management officials, 76 are senior party and state agency officials, state-owned enterprises, and financial unit officials, and 18 are provincial management officials. Out of the 97 individuals investigated, 63 are from Banks, 15 are from regulatory agencies, 9 are from Insurance institutions, 4 are from financial holding groups, 3 are from reinsurance groups, and 3 are from securities institutions. The report mentioned that state-owned Banks were a key focus for investigation, with a total of 36 individuals being investigated.
A-shares in bank stocks fell: Postal Savings Bank Of China dropped nearly 2%, and most others, including China Everbright Bank, fell over 1%.
On January 9, according to Gelonghui, A-share bank stocks generally performed weakly, with Postal Savings Bank Of China down nearly 2%, China Everbright Bank down 1.6%, and Hua Xia Bank, China Zheshang Bank, Agricultural Bank Of China, Bank Of Chongqing, and Bank Of Communications all down over 1%.
The transformation of the Banking Industry in adversity in 2024: the mud and dawn of the "light asset" vision.
How far is dawn?
Morgan Stanley's investment rating and target price for China mainland banking stocks (table).
Morgan Stanley released a research report, listing the investment ratings and Target Prices for China Mainland Banking as follows: Stocks | Investment Rating | Target Price (HKD) Agricultural Bank Of China (01288.HK) | Shareholding | 4.25 -> 4.8 Bank Of China (03988.HK) | Neutral | 3.7 -> 3.8 China CITIC Bank Corporation (00998.HK) | Neutral -> Shareholding | 4.8 -> 6.25 China Construction Bank Corporation (00939.HK) | Shareholding | 6.75 -> 6.9 Industrial And Commercial Bank Of China (01398
CITIC Lyon: The strong performance of China Mainland Banking stocks may continue to be seen as a "safe haven."
Citi believes that the strength of China Mainland Banking is unlikely to end in the short term, and Banks may continue to be viewed as a "safe haven."
Postal Savings Bank of China Announces 2025 First Extraordinary General Meeting
Goldman Sachs has updated the leading Indicators (ERLI) and compiled a list of Buy recommendations for Hong Kong stocks (table).
Goldman Sachs published the January Asia-Pacific strategy report, listing the latest Buy stocks (only Hong Kong stocks) based on the Earnings Revision Leading Indicator (ERLI): China Construction Bank (00939.HK), AIA (01299.HK), Hong Kong Stock Exchange (00388.HK), Ping An Insurance (02318.HK), Techtronic Industries (00669.HK), CKH HOLDINGS (00001.HK), China Life (02628.HK), BOC HONG KONG (02388.HK), ZTO Express.
PSBC to Appoint Senior Economist as Chairman
After being vacant for more than two years, Zheng Guoyu was elected as the new Chairman of the Postal Savings Bank Of China, previously serving in the Bank Of China and Industrial And Commercial Bank Of China.
① This afternoon, the Postal Savings Bank Of China announced that, following a resolution by the Board of Directors, Zheng Guoyu has been elected as the Chairman of the Postal Savings Bank Of China, and his qualification is subject to approval by the National Financial Regulatory Administration before taking effect; ② Zheng Guoyu currently serves as a director, general manager, and chief compliance officer of China Post Group Co., Ltd. He has previously held the position of vice president at both the Bank Of China and the Industrial And Commercial Bank Of China.
Postal Savings Bank of China Nominates New Independent Director
Postal Savings Bank Of China (01658): Yang Yong has been nominated as a candidate for Independent Non-Executive Director.
Postal Savings Bank Of China (01658) announced that the Board of Directors will hold a meeting on January 2, 2025, to review and approve related matters...
Postal Savings Bank Of China (01658.HK): Zheng Guoyu elected as Director.
On January 2, Gelonghui reported that the Postal Savings Bank Of China (01658.HK) announced that the Board of Directors held a meeting on January 2, 2025, to review and approve the proposal to nominate Zheng Guoyu as a candidate for the bank's non-executive director. The proposal to elect Zheng Guoyu as a non-executive director will be submitted to the bank's shareholder meeting for consideration. Zheng Guoyu's qualifications for the position of director are pending approval from the National Financial Regulatory Administration, and his term as a director is three years, calculated from the date of approval of his qualifications by the National Financial Regulatory Administration. On the same day, the Board of Directors also reviewed and approved the proposal to elect Zheng Guoyu as the bank's chairman, his qualifications for the position of chairman are pending approval from the National.
Postal Savings Bank of China Announces 2025 EGM Schedule
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.
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.
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.
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