Fitch: Next year, the silver net interest margin will continue to be under pressure.
Fitch Ratings' director for financial institutions in the Asia-Pacific region, Huiru Xue, predicts that due to the decline in loan volume and pricing, the net interest margin for domestic banks will continue to face downward pressure next year. She pointed out that the domestic economy still faces some regional and structural issues, such as real estate, inclusive finance, and credit cards, which all have varying degrees of risk exposure. Recently announced policies may moderately alleviate borrowers' repayment burdens, but the improvement in asset quality will still depend on the new policies' impact on residents' employment income prospects and the extent of economic growth uplift. Huiru Xue anticipates that the credit conditions of Chinese banks will continue to diverge, with state-owned banks and most joint-stock banks benefiting from a broad customer base.
Minsheng Life Insurance reappears in equity listing, and minsheng bank's 0.788 billion shares held are seeking buyers again after three years of being executed for equity.
In recent years, the equity of Minsheng Life Insurance has been auctioned and listed multiple times, but there has been little interest. The equity being auctioned this time was listed at the peking property exchange three years ago, but there has been no further developments.
Merrill Lynch has raised the earnings forecast for domestic banks, with a preference for China Construction Bank (00939.HK) and Industrial and Commercial Bank of China (01398.HK).
Bank of America Securities released a research report indicating that the five major investment themes for the domestic silver sector next year are as follows: crediting growth will accelerate along with domestic stimulus measures; profit margins will continue to regress, but the downside risk is narrowing; non-interest income may decline from a high base; asset quality risks are manageable, and local government debt replacement will help improve the situation; and state-owned domestic silver banks are expected to receive capital injections. The report also noted that its preferred domestic silver banks are China Construction Bank (00939.HK) and Industrial and Commercial Bank of China (01398.HK), stating that when the domestic market recovers, which may be in mid or late next year, domestic silver as an industry will underperform the market, while China Merchants Bank (03968.
People's Bank of China: Cooperating with public security to accurately assess the risk of fraud in accounts, not adopting a "one-size-fits-all" approach.
The Ministry of Public Security of the country has jointly reported with multiple departments on the situation regarding the "Joint Punishment Measures for Telecommunications Network Fraud and Related Illegal Crimes." A spokesperson from the People's Bank of China stated in response to financial punishment measures that during the governance process of the "fund chain" related to telecommunications network fraud, the bank places great importance on the precise governance of the "fund chain" and works closely with public security agencies to accurately assess the fraud risk associated with accounts, avoiding a one-size-fits-all approach to risk prevention. At the same time, it guides commercial banks and payment institutions to improve their notification obligations for risk prevention and control, and dynamically optimize and adjust risk prevention and control measures; it also guides commercial banks and payment institutions to continuously enhance their risk management through big data and other technical m
Express News | Today, a total of 64 individual stocks in the A-share market experienced block trades, with Minsheng Bank, Shaanxi Coal Industry, and SAIC Motor Group leading in transaction volume.
In November, the MLF volume continued to shrink. Previously, the 500 billion buy-back reverse repurchase has released medium-term liquidity ahead of schedule. The industry expects the reserve requirement ratio cut to be implemented faster.
①The funding operation mode of shortening and lengthening funds continues. On the one hand, the central bank continues to reduce the MLF operations volume, reduce the existing stock to mitigate its impact on the liquidity market. On the other hand, short-term funds continue to be net injected to hedge against cross-month fund pressure, strengthening the guiding position of reverse repurchase agreements on market interest rates. ②Local government bonds are centrally supplied, and the MLF is likely to see a quicker implementation under the reduced volume environment.