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Express News | CITIC SEC: Bank stocks will remain a strong direction with high certainty.
Domestic media analysis quotes that there is still room for future LPR adjustments.
According to the Securities Times, looking ahead, CITIC Chief Economist Mingming stated that the recent Central Economic Work Conference has set the tone for the next phase of MMF policy to be 'moderately loose', while also mentioning 'timely interest rate and reserve requirement ratio cuts'. There is still room for future LPR reductions. In addition, under the demand to optimize the quality of LPR Quotes, there may also be significant room for unilateral LPR reductions. Wang Qing, Chief Macro Analyst at Oriental Jin Cheng, believes that under the moderately loose MMF policy tone, it is expected that the People's Bank of China will continue to implement vigorous interest rate cuts, with policy rates likely to be reduced by 0.5 percentage points, which will guide LPR Quotes to follow suit. At the same time, it is not ruled out.
In order to respond to the "intense battle" next year? At the end of the year, many Banks are making intensive adjustments to their Business structure, and the special mechanism for the "five major articles" is gradually being established.
① First, merging the functions of the head office departments clearly indicates a reduction in costs and an increase in efficiency; second, a special department dedicated to the five major articles is being established. ② Retailing Crediting may become one of the focal points for Banks next year. ③ It is expected that the special institutions for the five major articles will be established gradually, as each one matures.
The People's Bank: The LPR rates for 5-year and 1-year periods remain unchanged.
The People's Bank announced that the December Loan Prime Rate (LPR) is out: the 5-year LPR is 3.6%, the same as last month, and the 1-year LPR is 3.1%, also the same as last month.
The LPR Quote for December has been released! The 1-year and 5-year rates remain unchanged.
More news, continuously updating.
JPMorgan increases its shareholding in CM BANK (03968) by 1.214 million shares at a price of approximately 37.82 Hong Kong dollars per share.
On December 9, JPMorgan increased its shareholding in CM BANK (03968) by 1.214 million shares, priced at HKD 37.8226 per share, for a total amount of approximately HKD 45.9166 million.