Southeast Asian stock markets are strong! Global capital continues to pour in, how to seize this wave of market trends?
After experiencing the 'Black Monday' on August 5th, major stock indices in the Asia-Pacific region rebounded significantly, with Southeast Asian stock markets performing particularly well. Southeast Asian stock markets have consolidated their position as the most favored investment symbol for fund managers during the shifting policy of the Federal Reserve.
Quick Look at Mid-day Trading | The three major stock indexes in Hong Kong all fell, with oil and coal stocks declining; all three major oil companies saw a drop of over 5%, while Tianqi Lithium Corporation surged 12% against the market trend.
Network technology stocks generally fell, with SenseTime down nearly 3%, JD.com, Netease down nearly 1%, Tencent, Alibaba slightly down; Bilibili rose by over 1%, Meituan slightly rose.
A storm is quietly brewing, and emerging markets are starting a frenzy of bond issuance.
Borrowers in developing countries are strengthening their defenses against fluctuations.
Is it urgent enough to reduce the interest rate on existing housing loans? In the first half of the year, the non-performing balance of personal loans in the six major state-owned banks has reached 352 billion yuan, and the non-performing rate has general
In the first half of this year, the total amount of non-performing loans of the six major state-owned banks has reached 352.091 billion yuan, exceeding the 300 billion yuan threshold for the first time. Compared with the data from early 2024 (291.371 billion yuan), it can be calculated that in the first half of the year, the six major state-owned banks added approximately 60.7 billion yuan of non-performing loans. Industry insiders believe that in the current environment, it is not advisable to excessively rely on reducing existing housing loans to play a greater role in promoting consumer spending.
At least 10 senior executives of listed banks are optimistic. Has the net interest margin really bottomed out? Fitch raised objections: LPR may be further reduced.
In the second quarter of 2024, the net interest margin of commercial banks was 1.54%, showing signs of stopping the decline for the first time. Recently, several listed banks' executives have also publicly stated that there are signs of stabilization or a slowdown in the decline of the net interest margin, injecting a strong boost into the market. Huayu Ratings recently stated, "It is too early to determine whether the net interest margin has bottomed out. The government may further lower the LPR to reduce loan costs.
Many major bank apps have launched the "Existing Home Loan Interest Rate Adjustment" function? In fact, it was introduced last year, and on the eve of the traditional busy season for property sales, the 37.8 trillion silver stock housing loans have once a
①The application port for the adjustment of the existing house loan interest rate was set for the unified adjustment of the existing house loan interest rate last year, not the latest launch. ②Refer to the reduction of existing house loan interest rates in August-September last year, and there is also a possibility of reducing existing house loan interest rates in the future. ③Based on the scale of existing house loans in the second quarter of 2024, which reaches 37.8 trillion yuan, the maximum amount of house loan interest that the residential sector needs to repay each year may be reduced by about 300 billion yuan.
The number of private banking clients in the five major state-owned banks continues to grow rapidly, with more than one million reaching 1.055 million households at the end of June, equivalent to the annual increase in the first half of last year.
① The number of private banking clients of the five state-owned banks reached a historic record at the end of June this year - breaking the one million mark for the first time, with a total of 1.055 million clients. ② In the first half of this year, the private banking clients of the five major banks increased by nearly 0.1 million, approaching the total data for the previous year. ③ The semi-annual report found that each bank has identified private banking business as one of the key development directions.
The six major state-owned banks led the decline, and the expectation of interest rate cuts for existing home loans dealt a heavy blow to the banking sector. As the window period for September real estate policies approaches, how to balance the 200 billion
①As of the closing, 40 out of 42 listed bank stocks fell. The banking sector led the decline in all sectors, with the six state-owned banks leading the decline in the banking sector; ②Several interviewees told reporters that the decline in bank stocks today is partly due to the increasing expectations of rate cuts for existing home loans in the market; ③Estimates by China International Capital Corporation show that assuming the average mortgage interest rate is reduced by about 60bp, it is estimated to reduce borrowers' interest expenses by approximately 240 billion yuan per year.
During the first half of the year, while 1,126 bank branches closed, the number of branches for the six major state-owned banks increased slightly by 700, with Agricultural Bank of China alone adding over 800.
Based on the data from the semi-annual reports of listed banks, according to the statistics by Caijing News, the overall number of network points of the six state-owned banks is about 1.056 million, which has still increased by about 700 branches compared to the beginning of the year. According to the data from the official website of the China Banking and Insurance Regulatory Commission, about 1,126 subordinate branches of commercial banks announced their closure in the first half of this year, which means that although state-owned major banks are expanding against the trend, the steady contraction of bank branches is still the mainstream.
What happened to the 'middle letter'?
Today, stocks beginning with middle letter experienced a widespread decline. China CSSC plummeted by over 9%, China Communications Construction Corporation dropped by 7.5%. China Railway Construction Corporation, China Shipbuilding Industry, CSSC Offshore & Marine Engineering all saw declines of over 6%.
The national team did not increase its shareholding in the four major banks, and the semi-annual report revealed that the shareholding ratio remained unchanged. After three consecutive days of sharp decline, how will bank stocks perform in September?
① At the end of August, bank stocks were sold off with a valuation, and the cumulative decline of the big state-owned banks exceeded 7% in three days; ② The semi-annual report revealed that the national team did not increase its shareholding in the four major banks in the first half of the year, but bought shares of China Merchants Bank; ③ Will the adjustment of bank stocks continue? What can be expected in September?
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Industrial and commercial bank of China's revenue in the first half of the year was 401.999 billion yuan, a decrease of 6.3%; China Construction Bank Corporation's operating income in the first half of the year was 374.831 billion yuan, a decrease of 3.43%; Alibaba spent 59.973 million US dollars to repurchase 5.9226 million shares.
The effect of interest rate cuts on deposits is gradually becoming apparent, with interest expenses of many national banks decreasing in the first half of the year, and some banks reducing by more than 7%.
①The semi-annual reports of existing joint-stock banks and state-owned banks show that despite the obvious trend of deposit interest rate, and the background of expanding deposit scale, the cost of liabilities of many banks has actually decreased. ②In recent earnings conferences, executives of various banks have stated that adjusting the asset-liability structure, strengthening the control of liability costs, and absorbing low-cost deposits will be the focus and deployment of commercial banks in the second half of the year.
Bank stocks firmly hold the "iron throne"! The total market value of the six major banks surpasses that of the GEM, with multiple stocks reaching new highs this year.
①The total market value of the six major banks has increased from 6.64 trillion yuan at the end of last year to the current 8.79 trillion yuan, with a total market value increase of over 2 trillion yuan. ②The total market value of the chinext price index has decreased from 11.39 trillion yuan at the end of last year to the current 8.67 trillion yuan.
The Hong Kong dollar time deposit interest rate has been lowered. Are there other options for stable income? Take stock of the top ten blue chip stocks with high dividends.
With the global interest rate cutting curtain opening, the decline in fixed deposit interest rates is not only a single event, but perhaps also a trend. If the era of fixed deposits is coming to an end, how can we find "alternative options" in the market?
The new round of listed deposit interest rate cuts is about to reach its one-month mark: small and medium-sized banks continue to follow up, with some banks making a second adjustment within the month. Is there still room for further cuts?
①In the context of market interest rate decline, banks are facing continued pressure from the narrowing net interest margin. Some banks directly lower deposit rates, while others lower deposit rates in a rhythmic manner. ②The phenomenon of deposit rate inversion is the result of the combined effects of macroeconomic environment, banks' operational strategies, policy orientation, and market expectations.
What is the reason for the year-on-year decrease in net profits of some private banks? The Financial Regulatory Bureau responded.
①Liao Yuanyuan said that the net income growth of private banks has experienced negative growth. ②Mainly, these banks significantly increased their provision coverage ratio compared to the same period last year, directly affecting the current period's profit and leading to a temporary decline in the net income of private banks.
August LPR quote remaining unchanged meets market expectations. Industry experts predict that the main policy interest rate in the fourth quarter may be cut again, which will guide LPR to adjust accordingly.
Last month, the two LPR quotes for different maturity varieties were just lowered by 10 basis points respectively. In addition, the main policy interest rate of the central bank before this quote (7-day reverse repo rate) remained stable. Therefore, the unchanged LPR quotes for the two maturities in August are in line with market expectations.
The Hong Kong stock market is strong, with a stock soaring over 123% during intraday trading! What happened?
With the rise in market activity, the Hong Kong stock market has also seen frequent appearances of "monster stocks".
Banks' giants have reached a new high in history! In recent days, northbound funds have been significantly buying up, and the active capital trend has been reviewed. These directions are also receiving hot money for increased positions.
Recently, bank stocks have shown strong performance, especially large-cap giants, with frequent stock price activity. Among them, Industrial and Commercial Bank of China, Construction Bank of China, and Bank of China hit a historic high today. Northbound funds have recently focused on adding holdings in the banking sector, with nearly 90% of bank stocks receiving shareholding in the past five days, and eight individual stocks having a net purchase amount greater than 0.1 billion yuan. In addition to the banking sector, Northbound funds have recently also focused on adding holdings in the electrical utilities, insurance, and securities sectors, while margin financing funds have favored the consumer electronics and chemical pharmaceuticals sectors in recent days.