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UBS Group expects lower dividends per share for china mainland banking stocks, with China Construction Bank, Bank of China, Agricultural Bank of China, and Industrial and Commercial Bank of China having defensive characteristics.
UBS Group released a report stating that the MSCI Chinese banks index fell by 4.6% in the past month, underperforming the MSCI China index (down 2.6%). Among the H-shares covered by the bank, Minsheng Bank (01988.HK) performed the best (down 0.7%), while CM Bank (03968.HK) lagged behind (down 10.5%). Mainland institutional investors' holdings (Northbound capital) in H-shares of Chinese banks accounted for 28.2% of the free float, increasing by 48 basis points monthly, with Agricultural Bank of China (01288.HK) showing the largest increase in holding value (up 7.2%), and Bank of Communications (03328.HK) experiencing the largest decline (down 4.
Hot Spot | CM Bank rose more than 3%, leading the gains in china mainland banking. The high dividend allocation value of banks is still attractive.
China mainland banking stocks rose across the board, with CM Bank up 2.89% to HK$30.3; Postal Savings Bank of China up 1.94% to HK$4.21; Bank of China up 1.76% to HK$3.46; Bank of Communications up 1.89% to HK$5.39.
Minsheng Bank (01988.HK): The 0.3 billion US dollar floating rate notes due in 2027 are planned to be listed on September 16th.
Minsheng Bank (01988.HK) announced that the $0.3 billion floating rate notes due in 2027 are expected to be listed and tradable on or around September 16, 2024.
Express News | The issuance of local government bonds accelerated in August, with the monthly issuance hitting a new high for the year.
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.