China CITIC Bank Corporation is intensively listing personal non-performing loan projects. Retail asset risks are still in the release phase. The disposal of banks' non-performing assets is accelerating.
1. China Citic Bank Corporation recently listed a large number of non-performing loan projects, involving multiple branches in Peking, Shenzhen, etc., generally personal consumption and operation non-performing loans. 2. The current retail asset risk of banks is still in the stage of release, with continued pressure on improving asset quality indicators, requiring greater efforts in writing off bad debts and disposal measures.
Liu Yonghao once again trusts minsheng bank
Why add more investment?
Revenue growth pressure still exists in the next stage! The earnings conference of minsheng bank revealed that the crediting risks for small enterprises and retail are rising, with the adjustment amount for existing mortgage rates reaching approximately 3
In the first three quarters, minsheng bank's revenue and net income attributable to the parent decreased by 4.37% and 9.21% year-on-year, respectively. The management openly stated that the company's revenue growth will still face certain pressure in the next stage. Minsheng bank took the initiative to conduct centralized and unified batch adjustments to eligible existing home loans, with a total of approximately 0.5 million adjustments and an adjusted amount of approximately 380 billion yuan, already reduced by 37 basis points.
Liu Yonghao has taken action! Minsheng bank disclosed that the former largest shareholder intends to increase their shareholding to a total of over 5%, having previously made multiple shareholding reductions.
① Currently, Southern Hope Industry Co., Ltd. and New Hope Liuhe Investment Co., Ltd. together hold 4.96% of the total shares of this bank. ② As of the end of the third quarter, the core Tier 1 capital adequacy ratio, the Tier 1 capital adequacy ratio, and the capital adequacy ratio of Minsheng Bank have increased by 0.02, decreased by 0.19, and decreased by 0.48 percentage points respectively compared to the end of the previous year.
When will the revenue growth rate turn positive? The management of Shanghai Pudong Development Bank gave a clear response, stating that the company will continue to "go all out" in the fourth quarter.
Shanghai Pudong Development Bank President Xie Wei stated that excluding the one-time factor of selling the stake of Morgan Stanley Investment Management in the same period of the previous year, the operating income in the first three quarters increased by 1.265 billion yuan year-on-year, a growth of 0.98%. Subsequently, Shanghai Pudong Development Bank management also responded on how to strengthen risk management, stabilize interest spreads, and cope with exchange rate fluctuations.
Are bank stocks still worth buying? CITIC Financial Assets disclosed a 50.3 billion comprehensive investment plan, including a 30 billion shareholding in Bank of China and China Everbright Bank.
①CITIC Financial assets explicitly stated that it will allocate approximately 50.3 billion yuan for a bundled investment plan, of which 30 billion will be used directly to buy shares of Bank of China, China Everbright Bank, and other institutions. ②CITIC Financial assets and other institutional funds buying bank stocks are inevitable. As a large-scale institutional fund, due to various considerations such as risk control and capital return, it is highly probable that it will prioritize "high dividend stocks" rather than thematic stocks.