601658 Postal Savings Bank Of China
- 5.20
- -0.10-1.89%
Postal Savings Bank Of China News
Express News | China Securities Co., Ltd.: With policy enhancement, economic recovery is approaching. Focus on different bank investment themes in different scenarios.
Positive Outlook for Postal Savings Bank of China Amid Economic Recovery and Strategic Initiatives
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.
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.
Insurance capital is intensively increasing stakes in dividend stocks! What is the reason?
Currently, there are quite a few shareholders of insurance funds that hold more than 5% of the circulating shares of listed companies. In addition to some being unlocked restricted shares, there have also been many actions of shareholding and new stakes taken, with at least 14 instances of such actions this year.
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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.
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.
Postal savings bank of china (601658): Robust profitability, deeply cultivating county-wide inclusive finance.
Maintaining a stable profitability. In the first three quarters of 2024, the revenue growth rate of Postal Savings Bank of China was +0.1%, and the net income attributable to mother increased by +0.22%. Q3 24 revenue increased by +0.5% year-on-year, net income attributable to mother increased by +3.5% year-on-year, compared to
Interbank current deposit rates are significantly higher than policy rates. Some large banks face high liability pressures. The market expects pricing levels to be regulated.
1. Some banks' interbank current deposit rates are significantly higher than the current policy rates, significantly impacting short-term interest rates and increasing banks' liability costs. 2. The market anticipates that in the future, the level of interbank current deposit rates will be reasonably determined, effectively reducing banks' liability costs.
Express News | Galaxy Securities: Continues to be bullish on the value of dividends in the banking sector, maintaining a recommended rating.
Express News | Sealand: The increment of long-term loans for residents rebounded month-on-month, maintaining a "recommended" rating for the banking sector.
Deposit interest rates have generally declined, low volatility wealth management and large-denomination certificates of deposit have been promoted. Some small and medium-sized banks still maintain a relative advantage in large-denomination certificate of
①Although the interest rate level of large-denomination certificates of deposit has decreased somewhat, compared with ordinary time deposits, large-denomination certificates of deposit have a relatively high level of return. In addition, relatively speaking, the interest rates of some small and medium-sized banks are relatively high. ②For residents, it is recommended to diversify asset allocation based on their own risk tolerance and investment and financial management needs.
Express News | China Securities Co.,Ltd.: The banking sector is in the background of "strong policy expectations, weak fundamentals in reality", expecting policy efforts.
Express News | Zhang Guoqing: It is necessary to promote the "three concentrations" of state capital, encourage state-owned enterprises to further emphasize their main businesses and focus on the real economy, serving as long-term capital, patient capital, and strategic
There is a greater possibility of the industry lowering interbank deposit interest rates, helping to reduce the cost of liabilities.
Following the lowering of the posted deposit interest rates and the loan market quote rate (LPR), as well as existing home loan interest rates, the market is now focusing on whether interbank deposit rates will also be lowered. According to Interface News, a person in charge of the financial market department of a small to medium-sized bank mentioned that there is a greater possibility of adjustments, which would directly help banks reduce their costs of borrowing. Earlier reports from domestic media stated that members of the interest rate pricing self-regulation mechanism are planning to issue proposals to standardize the pricing of interbank demand deposits with higher rates. Industry insiders believe that, although they have not yet received formal notifications or documents, it is logical and necessary to lower interbank deposit rates from a chain of reasoning perspective. The self-regulation proposal for interbank deposit business will help maintain.
Express News | Another bank announced: the single transaction limit has been raised to 0.2 million yuan!
Express News | Many banks are increasing the limits of third-party payment platforms for quick payments, and the industry expects more banks to follow suit.
Express News | Analysts: The expectation of increasing payment limits is expected to drive banks and institutions to have more large consumer transactions through third-party payment channels.
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