RMB appreciation benefits
- 1195.053
- +1.780+0.15%
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.
In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.
① In the third quarter, losses in the steel industry intensified, with 21 out of 27 listed steel smelting companies recording losses, totaling over 14.5 billion yuan in losses, the quarterly loss total approaching last year's full year. ② Industry insiders believe that the main reason for the losses is the steel industry's own overcapacity, poor industry self-discipline, failure to actively limit production, product oversupply, continuously declining steel prices, slow decline in raw materials, and severe industry profit compression.
Hainan Airlines Holding: Net income doubled year-on-year in the first three quarters, planning to open multiple international routes in the fourth quarter | Interpretations
Hainan Airlines Holding's revenue and net income for the first three quarters were 51.729 billion yuan and 2.173 billion yuan, respectively, with year-on-year growth of 10.68% and 145.43%. Hainan Airlines Holding mentioned that this was mainly due to the recovery of the aviation market and the increase in business volume.
Lack of consumer willingness, china tourism group duty free corporation's performance continues to decline. Net profit in Q3 decreased by 50% year-on-year. interpretations
1. China Tourism Group Duty Free Corporation's Q3 quarterly net income attributable to parent company decreased by over fifty percent year-on-year, with insufficient consumer consumption willingness as the main reason for the decline; 2. Industry insiders said that various tax-free consumption indicators may continue to decline slowly in the short term.
Steel prices continue to fall, gross margin decreases, baoshan iron & steel Q3 performance drops by 60% | Interpretations
Due to the steel price drop exceeding the drop in raw material prices, the profit margin continues to shrink, baoshan iron & steel's third-quarter performance declined by more than 60%. At the same time, due to the decrease in steel production and sales volume in the third quarter, as well as the impairment of assets extracted by the company in the third quarter, the changes in the above two aspects of operation and financial data also have a certain impact on the company's performance.
Net income exceeds 6.5 billion yuan, leading the concept of 150 billion CRO released its third-quarter report | Highlights of the post-market announcement
Wanhua Chemical Group: net income in the third quarter was 3 billion yuan, a 29% year-on-year decrease.
Concept Dynamics | Cailian News Theme Library Adds "Zhipu AI"
① On October 25, 2024, Zhipu AI launched AutogLM, an autonomous smart device. AutoGLM is a mobile phone operation assistant that simulates users clicking on the screen and a browser assistant that clicks on the web. Currently, it can be used with 8 well-known applications including WeChat, Taobao, Meituan, and Xiaohongshu. ② A list of Smart Spectrum AI concept stocks.
Share buyback and shareholding loans are quickly implemented! Industrial and Commercial Bank of China, Bank of China, China Construction Bank, China Merchants Bank, Citic Bank, and other banks have announced progress. Some banks have cooperation intention
①As of now, Bank of China has reached cooperation intentions with nearly a hundred listed companies, explicitly committing loans to 32 listed companies, covering industries such as integrated circuits, transportation, high-end manufacturing, and business services; ②The bank stated that it will strictly adhere to the risk compliance bottom line, rigorously prevent crediting funds that do not meet the conditions of the stock increase stake & buy back and reloan policy from illegally flowing into the stock market.
"Repurchase, shareholding, and re-lending" is quickly implemented! The scale has exceeded 10 billion yuan, with central enterprises leading the trend.
①Yesterday, the first batch of 23 listed companies have disclosed information on shareholding, repurchasing, and additional financing, with the total amount involved exceeding one billion yuan; ②Among central state-owned enterprises, two major shipping giants, China Merchants Group and cosco shp sg, have multiple companies involved, while private enterprises are represented by industries such as aquaculture, photovoltaics, and semiconductors; ③Market participants believe that the new policy on additional financing has received enthusiastic responses, which will help further activate the market and bring more liquidity.
The first Chinese stocks etf's net assets surpassed one billion, overseas institutions emphasize valuation advantages remain unchanged
① The net assets of iShares China Large Cap ETF have reached 10.86 billion US dollars, marking the first time that the scale of a Chinese stock ETF listed in the United States has exceeded 10 billion US dollars; ② Bank of America strategists team indicated that as economic growth forecasts are revised upward and bond yields rise, it is expected that asset allocation to China will increase.
The four major banks announced: there will be a batch adjustment of mortgage interest rates for existing houses on October 25.
This morning, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank all issued announcements regarding the bulk adjustment of existing individual housing loan rates.
Tomorrow will usher in the first peak of silver certificate transfer! Transfers can be initiated as early as 7:30 am. Is it really time for a big move for savings deposits?
Before the holiday, the A-share market is booming, and some investors have reported delays in silver brokerage transfers. A-share trading will resume normally tomorrow, with multiple brokerages already negotiating the timing of silver brokerage transfers with banks in advance.
Pre-holiday big gift attack! Hong Kong stocks are expected to continue rising, grab this investment "gift list" on the eve of the National Day holiday.
It is worth noting that, with the approach of the National Day holiday in 2014-2023, the chance of the Hang Seng Index rising after the National Day holiday reaches 70%. On the other hand, looking at the performance of the Hang Seng Tech Index, the chance of increase from 2015 to 2023 is close to 80%.
Violation of non-public issuance information disclosure, yueyang forest & paper's controlling shareholder received a warning letter | Quick Read Announcement.
①As a result, due to the violation of information disclosure rules in the previous private placement fundraising process, the controlling shareholder of Yueyang Forest & Paper received a warning letter. ②Affected by the industry downturn, the gross margin of the new projects undertaken has declined compared to previous years, and Chengtong Kaisheng's net income in the first half of this year has changed from profit to loss.
A-share listed banks' semi-annual report: 41 banks continue to explore interest rate spreads, 12 banks experience negative growth in net income. The window for another round of interest rate cuts for existing housing loans has opened, posing a potential c
In the first half of the year, 41 banks collectively experienced a decline in net interest margin, with 9 banks experiencing a decrease in the level of interest margin of 2% or more compared to the same period last year. The number of banks with negative growth in net profit attributable to the parent company reached 12, an increase of 7 compared to the same period last year. Experts believe that the continued narrowing of net interest margin has put pressure on the profitability of banks, and the possible downward adjustment of mortgage rates for existing homes in the near future will further challenge the interest margin of banks and increase operational pressure.
Six state-owned major banks distributed red packets for the first time in the mid-year, with a total amount as high as 216.058 billion yuan, and the total assets of the "40 trillion" club increased to three.
① Six state-owned large banks made their first collective appearance on the mid-term dividend list, with a dividend amount as high as 216.058 billion yuan. Multiple senior executives of state-owned large banks have pledged to continue the continuity, stability, and predictability of the dividend policy. ② As of the end of June, the asset size of Industrial and Commercial Bank, Agricultural Bank, and China Construction Bank Corporation, the three state-owned large banks, has surpassed 40 trillion yuan. Among them, China Construction Bank Corporation has entered the '40 trillion' club for the first time.
China Southern Airlines: International and Hong Kong, Macao, and Taiwan flights have resumed to 80% of the same period in 2019. Ground service fees are facing upward pressure. | Direct coverage of earnings conference
In the first half of the year, the net income of China Southern Airlines Logistics increased by over 30% year-on-year to reach 1.7 billion yuan, making it the most profitable subsidiary of China Southern Airlines. China Southern Airlines stated that in 2024, due to the recovery of production, the increase in international ground service prices, and the rise in domestic airport charges, the company's ground service fees will face significant pressure to increase. China Southern Airlines' first C919 aircraft will enter commercial operation on September 19, and its inaugural flight will operate the Guangzhou-Shanghai Hongqiao route.
Hainan offshore duty-free under pressure, China Tourism Group Duty Free Corporation's revenue and net profit both decrease, analysts say: limited impact from new tax-free policy in the city | Interpretations
①The china tourism group duty free corporation's H1 revenue decreased by 12.81% year-on-year, and the net income attributable to shareholders decreased by 15.07% year-on-year; ②Recently, several departments have issued a "Notice on Improving the Policy of Duty-free Shops in the City", while the Department of Commerce of Hainan Province has organized the distribution of "Air Ticket + Duty-free" consumer coupons; ③Analysts believe that the new policy of city duty-free shops has a limited impact on the duty-free market due to the narrow range of customer groups involved.
The performance of Bank of China and China Merchants Bank in the first half of the year has been released. The interest spread continues to narrow, and net income has declined year-on-year. What's going on?
① Under the further narrowing pressure of interest rate spread, both banks have experienced varying degrees of decline in net income, with cm bank experiencing both a decrease in revenue and net income. ② The low interest rate environment has brought significant pressure on the operation of banks, with the industry's overall interest rate spread at historically low levels, still facing certain downward pressure in the short term.
30 billion! The Bank of China's Science and Technology Innovation Fund has arrived.
Recently, the Bank of China is promoting the establishment of a technology innovation parent fund with a total scale of 30 billion yuan. In recent years, bank funds have accelerated the exploration and support of technology innovation parent funds.