Bank of Communications "takes the lead", as for the first time this year, a state-owned bank has closed its remote credit card processing center, similar actions were taken by multiple banks last year.
On January 10, the Jiangxi Financial Regulatory Bureau announced that, after review, it agreed to terminate the operations of the Bank Of Communications The Pacific Credit Card Center Nam Cheong Branch. All business and personnel will be transferred to the management of the Bank Of Communications Jiangxi Provincial Branch. This is also the first state-owned bank this year to announce the closure of a remote credit card branch.
"The offshore money printer" reappears! COSCO Shipping Holdings expects its annual net profit attributable to the parent to double year-on-year | Quick read announcement.
① COSCO Shipping Holdings' container shipping business achieved growth in both volume and price compared to the previous year, with a year-on-year increase of 105.71% in Net income for 2024; ② One of the uncertainties in the shipping market for 2025, the strike at the East Coast ports of the United States, has been avoided, and freight rates on the US routes have already decreased.
Evergrande Services stocks surged over 37% at one point, with significant news coming from the three major Real Estate giants.
Major news has come regarding the Real Estate giants!
Leading mining company is making acquisitions! Zangge Mining is planning a change in control, and Zijin Mining Group intends to take the lead | Summary of the announcement.
Zangge Mining announced a significant notice, planning to transfer 24.72% of its shares, directly indicating a change of control, with the buyer being the mining giant Zijin Mining Group. It is worth noting that in recent years, Zangge Mining and Zijin Mining Group have made considerable moves in the expansion of lithium resources. The change of ownership of Zangge Mining to Zijin Mining Group is just one of several acquisition cases by the latter; looking at 2024 alone, Zijin Mining Group has already undertaken four large-scale acquisitions.
The expectation of alumina production boosts the market for caustic soda, and the profitability of related listed companies is expected to improve | Industry Dynamics.
① Driven by expectations of downstream Aluminum oxide expansion, on January 7, the Futures Block Orders contract SH2505 for caustic soda reached a high of 3068 yuan/ton, refreshing a nearly one-year high during the trading session; ② Tangshan Sanyou Chemical Industries stated that, supported by the growth in demand for downstream Aluminum oxide and electrolytic Aluminum, caustic soda prices are expected to be running at a high level in 2025.
Industrial Bank and Hua Xia Bank have issued warnings about the misuse of their names: consumers need to be cautious of counterfeit bank apps and false advertisements.
① Criminals are using an app called "Xinghui" to lure Consumers into applying for "loans," committing fraud; ② Currently, there is no effective way to eliminate online fraud that uses the names of Financial Institutions, and Consumers need to be more vigilant and discerning.