Brokerage Focus: Citic Securities - Continued Effects of Squeezing Water from Mainland Financials Index

Jingu Finance | CITIC Securities said that in May, China's mainland added 950 billion yuan in new renminbi loans, which was a decrease of 410 billion yuan year-on-year. The "squeezing of liquidity" by the central bank reduced the "idle" loans, and the effect of the optimization of real estate policies has not yet been transmitted to the financing demand side. In terms of credit structure, long- and medium-term loans for enterprises are relatively low, while bill financing is relatively high. The growth rate of social financing in May was 8.4%, up 0.1 percentage point from the previous month, mainly due to the accelerated issuance of government bonds. The net financing of government bonds in May was 1.22 trillion yuan, an increase of 668.2 billion yuan year-on-year. It is expected that government bonds can continue to support social financing in the coming months.

金吾財訊Jun 17 02:41 ET

“Post-70s” Yuan Jun plans to be the governor of the Bank of Jiangsu

On the evening of April 15, the Bank of Jiangsu issued an announcement. The board of directors of the company agreed to appoint Yuan Jun as the company's president and also agreed to Yuan Jun as a candidate for the company's director. Currently, his qualifications as governor are subject to approval by the supervisory authorities; proposals relating to the company's director candidates still need to be submitted to the company's shareholders' meeting for review and approval. According to his resume, Yuan Jun, male, born in 1971, has a college degree, is an economist, and is currently the deputy party committee secretary of the Bank of Jiangsu. Previously, Yuan Jun served as a non-bank clerk and inspection office clerk in the Jiangsu Branch Audit Office of the People's Bank of China, a clerk at the Nanjing Branch Inspector's Office of the People's Bank of China, and a discipline inspection inspector at the Inspector's Office (

wallstreetcnApr 15 06:37 ET

Agricultural Bank of China GAAP EPS of RMB 0.72

Seeking AlphaMar 28 13:54 ET

China Life Insurance Company Limited (CILJF) Q4 2023 Earnings Call Transcript Summary

The following is a summary of the China Life Insurance Company Limited (CILJF) Q4 2023 Earnings Call Transcript:Financial Performance:China Life reported total assets exceeding CNY5.8 trillion.Gross w

moomoo AIMar 28 13:42 ET · Conference Call

Ping An Insurance (Group) Company of China Ltd (PNGAY) Q4 2023 Earnings Call Transcript Summary

The following is a summary of the Ping An Insurance (Group) Company of China Ltd (PNGAY) Q4 2023 Earnings Call Transcript:Financial Performance:Ping An Insurance reported a 4.7% YoY revenue increase,

moomoo AIMar 22 10:58 ET · Conference Call

China CITIC Bank Announces 2023 Annual Report: Achieving Net Profit of 67 Billion Dollars, Asset Quality Has Substantially Improved

The dividend rate remains high

wallstreetcnMar 21 14:34 ET