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The preliminary performance forecast indicates that the Industrial Bank, which no longer follows the old path, has returned to growth.
Both revenue and net profit increased.
Insurance capital's first move in the New Year! "Major shareholder" Ping An Life has taken a stake in Postal Savings Bank Of China.
Previously, insurance funds increased their stakes in multiple Banks stocks.
The minimum payment ratio for credit cards has hit a new low, with Bank Of Communications lowering it to 2% for certain customers, while several major banks still maintain 10%.
① Bank Of Communications plans to adjust the minimum repayment ratio for some credit card customers from 5% to 2% in the near future. ② Bank Of Communications is the first state-owned bank to make such an adjustment this year, and this repayment ratio is currently the lowest in the market. ③ Currently, the default minimum repayment ratio for most credit cards from Bank Of China, Industrial And Commercial Bank Of China, and Postal Savings Bank Of China is 10%; Agricultural Bank Of China has some credit card products at 5%, while others still operate at 10%.
The performance reports of the first two listed banks are out: CM BANK's revenue decline has narrowed to 0.47%, while China CITIC Bank Corporation's total assets are approaching 10 trillion.
① The decline in revenue for the entire year of 2024 disclosed in the industry performance announcement is 0.47%. Compared to the decline of 3.09% in the last year's semi-annual report and 2.91% in the quarterly report, there is a noticeable improvement trend. ② By the end of 2024, the total assets of China CITIC Bank Corporation will be 9,530.321 billion yuan, an increase of 5.28% compared to the end of the previous year, just a step away from the 10 trillion asset scale.
Ping An Insurance continues to "shop" for state-owned banks: investing 0.13 billion HKD to Buy Agricultural Bank Of China's Listed in Hong Kong shares, with a shareholding ratio of 5.05%.
① On January 7, Ping An Insurance Buy 31,678,000 shares of Agricultural Bank Of China Listed in Hong Kong, increasing its shareholding ratio from 4.95% to 5.05%; ② Ping An Asset Management previously disclosed that on January 3, after buying Agricultural Bank Of China Listed in Hong Kong, its shareholding ratio reached 5.03%; ③ Since last year, Ping An Insurance has been continuously 'sweeping up' H shares of major state-owned banks such as ICBC, CCB, PSBC, and Agricultural Bank Of China.
With a "10%" fee rate spreading, are Banks selling Funds at a loss this time?
MINSHENG BANK, Bank of Qingdao, Industrial Bank, Bank Of Communications, and Agricultural Bank Of China all participated.
SpyderCall OP : @102640653
102640653 SpyderCall OP : If Shanghai market starts with bullishness trend it will definitely lend support to the hangseng index which had been hit quite badly in recent weeks. Hopefully the bullishness in Shanghai stands strong . Good luck
MonkeyGee : This is China's 2008!
102489169 : Agreed! Follow the trends. Invest $ that we understand, can afford to lose and know when to cut loss. Good advice.
股海踏浪 : Volume comes first before price. There was a time when a real big market didn't come out of a huge amount at the bottom? But now this amount is just a small rebound.