The mainland blood vessels of Youbang are "regenerating", with branch offices in Shandong and Anhui approved.
AIA (1299.HK) continues to increase its investment in the mainland market. On October 28, AIA's mainland subsidiary AIA Life revealed, shandong, ...
The large-scale landing insurance industry has entered a stage of deepening application. Industry insiders suggest strengthening technological cooperation and ecological development, as well as enhancing the training of composite talents.
①Large-scale models help insurance companies transition from equal management to reduced management; ②The most difficult part of AI innovation in the insurance industry is the building of compound organizations; ③More and more asset management institutions are replacing investment analysis work with a combination of human and intelligent systems.
Express News | What did the China-US economic working group discuss? China revealed: In November, a large-scale incremental policy will be announced after the statutory procedures.
Yoshitsu Signs Five-Year Strategic Partnership With Saynoday To Expand "Reiwatakiya" Brand In Hong Kong And Key Asian Markets; Agreement Includes $64.3M Product Procurement And Plans For Five New Store Openings By 2027
BRICS Eyes Challenging Western Dominance, but Will It Be Successful?
When will the repricing cycle change after the adjustment of the existing house loan interest rate? ICBC and CMB are already preparing relevant work, while many banks have no plans yet.
Industrial and Commercial Bank of China and CM Bank stated that they are actively preparing for the relevant work of redefining the 'repricing date' for mortgage loans. Prior to this, the central bank announced that starting from November 1, 2024, individuals with commercial residential loans with contracts specifying floating interest rates can negotiate and agree on the repricing cycle with banks and financial institutions. Today's adjustment of existing mortgage loan rates only involves additions or deductions and does not involve changes to the repricing cycle.
The scale of MLF maturing in October is the largest since the beginning of the year! The central bank will continue to reduce the scale by 700 billion yuan at a reasonable price. Industry insiders: It is expected that the increase in bank loans will resum
The MLF operation rate remained unchanged in October, with an operation scale of 700 billion. The MLF maturing amount for the month was 789 billion, the largest maturing scale since the beginning of the year. This indicates a slight reduction operation for the month.
Adjustments starting from today! Major commercial banks are adjusting the existing housing loan interest rates in bulk. Some small and medium-sized banks will complete the adjustments by the end of the month. A 1.25 million 25-year housing loan in Peking
1. Today, major commercial banks such as Industrial and Commercial banks, Agricultural banks, Central banks, Construction banks, Bank of Communications, and Postal Savings Bank of China have collectively adjusted the interest rates of existing housing loans that meet the criteria in batches, with some small and medium-sized banks expected to complete the process by the end of the month at the latest. 2. Under the combined effects of recent real estate support policies, there are certain signs of the real estate market hitting a bottom and stabilizing, thereby easing the phenomenon of early repayment of loans.
Starting today, there will be a reduction in the interest rates on existing housing loans! Significantly alleviating the burden of mortgage interest.
The increment for the eligible existing housing loan interest rates in this round will be adjusted to a deduction of "minus 30 basis points" on the loan market quote rate (LPR) basis, with an expected average decrease of around 0.5 percentage points in existing housing loan rates. Overall, borrowers are estimated to save 150 billion yuan in interest expenses, benefiting 50 million households and 0.15 billion individuals.
Existing home loan interest rates were adjusted in batches today, with clients in Shanghai owning two properties seeing a reduction of 65 basis points.
Starting today, most existing housing loans will undergo batch adjustments. State-owned large banks and other banks have already completed the adjustment of mortgage rates, while the adjustment for some small and medium-sized banks may be slightly delayed.
Adjust as scheduled! The adjustment of existing housing loans for six major banks and many joint-stock banks has been implemented in batches, with some large banks already adjusted after 23:00 on the 24th.
① As of now, six state-owned major banks and multiple joint-stock banks have started the bulk adjustment work of existing property mortgage interest rates. ② Some major banks have been adjusting gradually in the background to ensure a unified adjustment on the 25th, starting after 23:00 on October 24. ③ Users have shared screenshots showing that after the adjustment of existing property mortgage interest rates on October 25, the rate dropped from 4.8% to 3.9%, resulting in a reduction of over 0.02 million yuan in interest expenses.
Fresh funds from the Middle East are here to support! Saudi Arabia's first investment in china etf is about to be listed.
Saudi Arabia's first investment in china etf is expected to be listed on October 30, with an estimated fundraising size exceeding 10 billion Hong Kong dollars.
12 joint-stock banks have completed a new round of deposit rate reduction. While the interest rates are generally falling, some banks are still issuing large-denomination certificates of deposit that are being snapped up. Will there be further reductions
1. The current banks have started a new round of deposit interest rate cuts, which is of great significance for stabilizing interest margins, thereby ensuring the stable operation of commercial banks and continuously increasing support for real economy financing. 2. The current banks need to better manage the liability side, the key is to proactively predict interest rate trends and make policy adjustments.
Daily Bull and Bear | Hang Seng Index futures night session fell more than 1%, with net outflow of 46 million Hong Kong dollars from good warehouse yesterday; Photovoltaic sector had a major outbreak! GCL Tech subscription warrants made 6 times profit.
As of the close, the market turnover was 192.6 billion Hong Kong dollars, with a total turnover of 21.7 billion Hong Kong dollars for all bull and bear warrants, accounting for 11.3% of the market turnover, with 6.4% for good warrants and 4.9% for bear warrants.
Nearly ten listed city commercial banks have made the latest adjustments! The pressure of narrowing interest rate spreads is becoming more prominent, and each bank is adopting different interest rate adjustment strategies to accelerate their follow-up.
①Currently, about 8 listed city commercial banks such as bank of shanghai, bank of jiangsu, etc., have made the latest adjustments to deposit benchmark interest rates or some special deposit product rates, but the scope and intensity of the adjustments vary. ②Experts predict that small and medium-sized banks will gradually follow suit, but due to the different funding costs and deposit structures of each bank, as well as the differing market competition environments they face, they will adopt different interest rate adjustment strategies.
Express News | Hong Kong Exchange's Q3 shareholder's share of profit attributable to equity holders was 3.145 billion Hong Kong dollars, a 7% year-on-year increase.
Hang Seng Bank Limited Goes Ex Dividend Tomorrow
Another round of banks' reverse operations? LPR has decreased, but the floating point for loans has increased. Some banks in jiangsu: The interest rate for first homes must not be lower than 2.95%.
Today, Nanjing, Suzhou, and other places have all stated that they will implement a minimum interest rate floor of 2.95% for first-home loans. The previous LPR-90 basis points will be reduced to LPR-65 basis points. Industry insiders indicate that for homebuyers, it is important to pay attention to signal changes, as some credit policies may show signs of stabilizing.
Chongqing Rural Commercial Bank and Bank of Beijing followed up on the same day! The 'interest rate cut tide' of deposits has spread to urban and rural commercial banks, with small and medium-sized banks significantly speeding up the follow-up in this rou
chongqing rural commercial bank and bank of beijing adjusted their deposit benchmark interest rates on the same day, with the largest decrease being 25 basis points. After the adjustment, chongqing rural commercial bank's fixed deposit rates are still lower than some city commercial banks and joint-stock banks, but on par with state-owned banks. In this round of interest rate cuts, smaller banks have significantly accelerated their follow-up speed, with industry insiders pointing out that policy transmission efficiency is increasing.
A Look Ahead | The Hong Kong Stock Exchange's Q3 performance is about to be released! The trading volume in the Hong Kong market has significantly recovered, can the historical high trading volume help its stock price regain momentum?
In just 13 trading days from September 17 to October 7, the stock price of HKEX soared by nearly 80%, reaching 397.8 Hong Kong dollars, hitting a new high in nearly two and a half years!