WisdomTree Pays $4 Million SEC Penalty For Compliance Failures Related To ESG Funds
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.
The 5-year LPR dropped sharply by 60 basis points within the year, setting a new record low in history, and the real estate market is expected to usher in a "warm winter".
1. The central bank has lowered the loan market benchmark interest rate LPR for the third time this year, with a cumulative 5-year LPR reduction of 60 basis points, setting a new historical record. 2. "Lowering interest rates is conducive to stabilizing expectations in the real estate market, and it is expected that some cities, especially first and second-tier cities, will gradually bottom out. A rapid stabilization of the market will be a trend, and a warm winter market is expected to appear in a certain range in the fourth quarter of 2024."
In October, the LPR was lowered and the cumulative decline in the LPR for terms of more than 5 years this year reached 60 basis points. Residents with existing housing loans may save interest of over 0.24 million yuan in total.
After the reduction in October's LPR quote, it will drive a greater reduction in corporate and household loan interest rates, thereby stimulating the financing demand of the real economy, promoting consumption, expanding investment, boosting economic growth momentum, and driving the moderate rebound of commodity prices. Looking ahead, focusing on promoting the stabilization of the real estate market to boost economic growth momentum, drive a moderate rebound in commodity prices, there may still be some room for a certain reduction in LPR quotes in 2025.
"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.
Weekly Hot List Highlights: The 'Trump trade' is back on! The US dollar and gold break negative correlation!
"Trump trade" restarts, gold, US dollar, and US stocks surge! Supply concerns are replaced by slowing demand, causing oil prices to plummet. Continuously heavyweight bullish news catalyze market enthusiasm, with "bullish on Chinese stocks" entering the hot trading list... What exciting market trends did you miss out on this week?
300 billion share buyback shares increase the re-lending "order", under the current trend, banks' risks are generally controllable, which may lead to more business opportunities.
①From the current policies and market trends, it is a high-probability event that the stock market and market confidence will gradually recover upwards, and the overall risk of loans is still manageable. ②Although the interest rate spread for share buyback and shareholding loans is not particularly large, this business can be used to expand and maintain the client base of listed companies, generating more business opportunities. ③In practice, the main consideration may not necessarily be the purchase of stocks as collateral, but more emphasis will be on the overall credit rating of the borrower.
Today, the six major banks proactively lowered the deposit benchmark interest rates, experts: showing the effective running of the central bank's interest rate policy transmission mechanism will provide support for banks to stabilize net interest margins.
①On October 18, major commercial banks lowered deposit benchmark interest rates, and the LPR reported on October 21 will also reflect the corresponding decrease in policy interest rates, indicating further improvement of the market-oriented interest rate control mechanism and effective transmission channels of interest rates; ② This adjustment of deposit interest rates by commercial banks is beneficial for reducing the bank's cost of liabilities, providing support for stabilizing net interest margins, and enhancing the sustainability of financial support for the real economy.
Central Bank's major announcement! Reserve ratio cut, interest rate cut, officially launching share buyback and shareholding refinancing.
Pan Gongsheng stated that it is expected to carefully assess the market liquidity situation before the end of the year, and opportunistically further lower the deposit reserve ratio by 0.25-0.5 percentage points; reduce the open market 7-day reverse repurchase operation rate by 0.2 percentage points.
The People's Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission: will implement two new tools, the convenient exchange of securities, funds, and insurance companies, and the share buyback a
On the morning of October 16, China's central banks, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission jointly held a forum for major financial institutions.
Three state-owned major banks have lowered their deposit benchmark interest rates with a maximum reduction of 25 basis points.
Industrial and Commercial Bank of China, China Construction Bank Corporation, and Bank of Communications mobile banking have all updated their deposit benchmark interest rates, with the six-month interest rate lowered to 1%. This is the second time in less than 3 months that major banks have lowered deposit rates since July, and it will also be the sixth time that major banks have actively lowered deposit rates since September 2022.
Underestimated + high dividend double blessing! Will the 'clean break' state-owned central enterprises stabilize and become the main theme of the year?
In the past two years, the high dividend strategy in the Hong Kong stock market has become a hot trend. State-owned enterprises with high dividends and medium-to-high valuation have attracted attention from funds, leading to a continuous increase in stock prices. At the same time, with the release of the first market value management guideline documentation at the regulatory level, long-term companies trading below net asset value are required to develop value enhancement plans, bringing the concept of 'trading below net asset value' into the public eye.
Featured deposits are hotly recommended. In October, many banks introduced new products. The interest rate spread for different joint-stock banks can be up to 20 basis points over a 3-year period.
①Special deposit products, like regular deposits and large-sum certificates of deposit, are all types of deposit products suitable for low-risk individuals. ②Although special deposit rates are also being reduced in the context of overall deposit rate cuts, they remain relatively higher compared to regular deposits, making them somewhat appealing to prudent savers.
The wave of adjustments to existing home loan interest rates has expanded to rural banks and private banks, and the downward trend of LPR will further drive down mortgage rates.
On October 14th, hundreds of rural commercial banks nationwide issued announcements on adjusting existing individual housing loan interest rates, with some private and foreign banks following suit in the past two days. As a result, participation in the adjustment of existing housing loan rates has basically expanded to all domestic commercial banks; Different banks have different requirements for adjusting overdue loans and non-performing loans; Several experts believe that there is still room for LPR to be lowered, which will further drive down future mortgage rates.
Daily Bull Bear | Hong Kong stocks saw a net outflow of 96 million Hong Kong dollars from the good warehouse, with bull certificates accounting for 70%; Haitong Securities resumed trading and surged, with subscription certificates increasing nearly 50 tim
Last Friday early morning, the Hang Seng Index night session (October) closed at 21,274 points, up 4 points or 0.019%, with a high of 22 points; Hong Kong stocks had a net outflow of 96 million Hong Kong dollars from good positions last Thursday, and a net inflow of 34 million Hong Kong dollars from light positions; the top five stocks with inflow of funds from good positions are Ping An, China Life, ICBC, Huaxia 300, and Alibaba.
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.
12 joint-stock banks, many city commercial banks and rural commercial banks announced follow-up! Existing housing loan interest rates will be uniformly adjusted in bulk on the 25th.
Following the six major banks, 12 national joint-stock banks and many urban and rural commercial banks have successively issued detailed regulations on adjustments to existing home loan interest rates, announcing that a unified batch adjustment will be carried out on October 25th.
The booming real estate market has driven the heating up of mortgages, causing bank customer managers to "work overtime like crazy".
Recently, there have been continuous supportive policies surrounding real estate. Benefiting from bullish policies, the real estate market has also seen a hot trend.
Dongfeng Honda has fallen by over 50% for three consecutive months. Japanese brands are looking to leverage the trend of rbob gasoline vehicles warming up to make a comeback in the fourth quarter.
①China Association of Automobile Manufacturers (CAAM) data shows that in September, the domestic sales of passenger vehicles reached 2.068 million units, an increase of 18.6% month-on-month, a decrease of 1.8% year-on-year; ② In September, Honda's cumulative sales of terminal vehicles in China were 62,586 units, up 9.88% month-on-month, and down 42.93% year-on-year.
Confirmation obtained for injecting capital into the 'six major banks': Special national bonds blessing received after 26 years.
At the State Council Information Office press conference on October 12, the specific mode of capital injection into the 'Big Six Banks' finally became more certain.