Bank shares from mainland China, typically including large state-owned and joint-stock banks.
The "Banks selling private placements" new regulations must pay attention to these six core impacts, which also involve Famous Fund Hold Position managers "going private."
① New regulations for Banks' agency sales products have been implemented, with private placement becoming the biggest highlight; ② Raising the threshold and standardizing the entire sales process, with the head office being responsible, emphasizing 'strictness'; ③ Protecting investors throughout the process, with older products gradually exiting.
Brokerage morning meeting highlights: The points of general Consumer are gradually increasing, focusing on high cost-performance directions.
In today's Brokerage morning meeting, HTSC suggested that the highlights of the Consumer sector are gradually increasing, recommending the selection of high cost-performance directions; China International Capital Corporation believes that with the MLF restarting net injection after 8 months, it may imply a decrease in the probability of short-term reserve requirement cuts; China Securities Co.,Ltd. indicated that the Hardware and Software of the AI Industry Chain resonate simultaneously and recommends paying attention to the ongoing changes in the AI industry.
Retail customer Assets increased by 12% year-on-year, CM BANK's 2024 annual report "regains the feeling of growth."
The dividend payout ratio and the dividend yield rank relatively high among banks of similar size.
CM BANK's net income for Q4 last year was 35.207 billion, with a quarter-on-quarter decrease of 3 basis points in net interest margin, proposing a dividend of 2 yuan per share | Earnings Reports news.
In the fourth quarter of 2024, CM BANK's net interest margin decreased by 3 basis points to 1.94%. The net income for the entire year of 2024 grew by 1.22% year-on-year, with a net interest margin of 1.98%, a year-on-year decline of 17 basis points.
Once again, state-owned equity is transferred without compensation, the Bank Of Chongqing's largest shareholder and related parties' shareholding ratio increased to 23.65%. Response: This is part of the state-owned enterprise integration and reform.
① After the state-owned equity is transferred without compensation, the Water Investment Group will become a concerted actor with Yufu Capital, and the shareholding ratio of Yufu Capital and its affiliated parties in Bank Of Chongqing will increase from 15.15% to 23.65%; ② Bank Of Chongqing indicated that the relevant changes in shareholding are part of the reform of state-owned enterprises integrated by the Chongqing State-owned Assets Supervision and Administration Commission, and the actual shareholding ratio of each shareholder remains unchanged, while ensuring that state-owned enterprises maintain their position as the major shareholder in Bank Of Chongqing.
Perspective on bank annual reports: large banks' non-interest income continues to shrink, while small banks hit bottom first! This time it's Bank Of Chongqing and BANK OF TIANJIN.
① Analyzing the latest annual reports of the banking industry, it is clear that income from Insurance, Fund, and wealth management agency services is on the decline. ② However, there are exceptions, with the Bank Of Chongqing and BANK OF TIANJIN showing significant increases in agency income. ③ The Industry believes that with the market recovering, some banks focusing their efforts may have boosted agency income.