601998 China CITIC Bank Corporation
- 6.76
- +0.04+0.60%
China CITIC Bank Corporation News
China CITIC Bank Updates on Interim Dividend
china citic bank corporation will distribute a mid-term dividend of 1.847 yuan per 10 shares on January 15, 2025.
China Citic Bank Corporation (00998) announced that on January 15, 2025, it will distribute an interim dividend of 1.847 yuan for every 10 shares for the six months ending June 30, 2024.
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.
China CITIC Bank Approves Key Resolutions at 2024 Meeting
China CITIC Bank Strengthens Leadership With New Nomination
CITIC BANK To Go Ex-Dividend On December 11th, 2024 With 0.19981 HKD Dividend Per Share
November 20th (Beijing Time) - $CITIC BANK(00998.HK)$ is trading ex-dividend on December 11th, 2024.Shareholders of record on December 12th, 2024 will receive 0.20235 HKD dividend per share on
China Citic Bank Corporation (00998): Fu Yamin nominated as a candidate for non-executive director.
China Citic Bank Corporation (00998) announced that Guanyi Limited, as a shareholder holding more than 3% of the voting shares of the bank...
China Citic Bank Corporation (00998) will distribute a mid-term dividend of 1.847 yuan for every 10 shares on January 15, 2025.
China Citic Bank Corporation (00998) announced that it will distribute dividends on January 15, 2025, for the period ending June 30, 2024...
CITIC BANK: ANNOUNCEMENT POLL RESULTS OF THE 2024 SECOND EXTRAORDINARY GENERAL MEETING AND DISTRIBUTION OF INTERIM DIVIDEND
Express News | Yashang Corporation: Establish a subsidiary in the USA and provide guarantee for the holding subsidiary.
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.
Right For Malaysia's Energy Transition To Include Nuclear
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.
"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".
The Credit Card Center of the Silver Bank International cooperates with Macau Telecom to deepen collaboration.
Silver International announced that in collaboration with China Citic Bank Corporation Credit Card Center and Macau Telecom, the three parties will deepen their partnership. They will take the "Silver International Greater Bay Area Dual Currency Credit Card" as an opportunity to explore business growth points, enhance product competitiveness and customer acquisition capabilities, while providing more convenient banking services and credit card offers for customers in the Greater Bay Area of Guangdong, Hong Kong, and Macao. The issuance of new cards for the "Silver International Greater Bay Area Dual Currency Credit Card" in the first three quarters of this year has more than doubled year-on-year; the total transaction amount has more than doubled, with the growth of foreign currency and RMB transaction amounts being the most prominent, increasing by over 2.8 times and 3.2 times respectively. Vice President of China Citic Bank Corporation Credit Card Center, Zhai Shao'an, expressed his hope.
Express News | Jianguo International: Upgraded the rating of China Citic Bank Corporation's A shares to outperform the large cap.
Express News | China Railway Signal & Communication Corporation has signed a global strategy cooperation agreement with Citic Group.
【Brokerage Focus】Goldman Sachs: The growth of the dining industry in China has slowed again after the National Day holiday, but the long-term growth trend of the industry will not change.
Jinwu Financial News | Goldman Sachs' latest research report shows that the growth rate of china's dining industry has slowed down again in October 2024. Although there was some improvement during the National Day holiday, same-store sales growth rate (SSSG) declined again after the holiday, indicating that weak demand still exists. The retail sales growth rate of dining in October was 3.2%, with large dining services turning to a year-on-year decrease of -0.3%. Although haidilao's table turnover rate improved during the National Day holiday, the situation after the holiday was similar to September. Jiumaojiu brand's same-store sales growth rate recovered during the holiday but declined again after the holiday.
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.
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