601988 Bank Of China
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Bank Of China News
Fitch Assigns A(EXP) Rating to Bank of China Toronto Branch's Proposed Notes
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 | The issuance scale of panda bonds registered by the Trade Association reached 137.2 billion yuan, exceeding the full-year figure of the previous year.
harbin bank (06138.HK) and bank of china (03988.HK) jointly released the financial service plan for the Asian Winter Games.
Harbin Bank (06138.HK) and Bank of China (03988.HK) Heilongjiang Branch have established a financial service support team, becoming the official partner of the 9th Asian Winter Games in Harbin in 2025 (Asia Winter Games), and jointly released the Asia Winter Games financial service solution, aiming to create a convenient, high-quality, safe and efficient financial service environment for the Asia Winter Games. Both banks plan to provide the full process of fund settlement and account management for the Asia Winter Games Organizing Committee, and will establish a dedicated cross-border payment team to improve the efficiency of foreign exchange transactions and cross-border payments, meeting the needs of different currency exchange and settlement.
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.
Express News | WeChat Pay's small loan of 10 billion ABN has been approved, and the financing of leading small loans is hot.
Right For Malaysia's Energy Transition To Include Nuclear
Express News | Guangdong Hybribio Biotech: signed a 70 million yuan share buyback loan contract.
Jiangsu Lopal Tech Unit Invests 100 Million Yuan in Bank of China's Wealth Management Products
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.
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%.
Express News | The sgx welcomes its first panda bond.
"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 | Jianyin International: Upgraded the A-share rating of Bank of China to outperform the large cap.
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.
Zhang Hui appointed as the Deputy Secretary of the Party Committee of Bank of China (03988.HK).
Bank of China (03988.HK) announced today, November 18th, that the Central Organization Department declared at the senior executives meeting of the Bank of China that Zhang Hui was appointed as the Deputy Secretary of the Bank of China Party Committee.
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.
Bank of China leads the issuance of the first Panda bond in South America.
On November 17, Gelonghui reported that the Bank of China acted as the lead underwriter and bookrunner, assisting suzano, the largest broadleaf pulp producer globally, in successfully issuing 1.2 billion yuan in green medium-term notes in the interbank bond market of China. This bond has a term of 3 years and a coupon rate of 2.8%, making it not only the first panda bond in South America but also the first green panda bond issued by a multinational corporation this year. So far, the Bank of China has assisted 66 overseas institutions in issuing 485 billion yuan in panda bonds, maintaining the first place in market share for panda bond underwriters for ten consecutive years.
Express News | Brazil's Suzano issued 1.2 billion RMB Panda bonds with a coupon rate of 2.8%.
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