The no-card deposit and withdrawal business continues to tighten, with about 20 banks officially announcing adjustments to the business, leading to diffusion among small and medium banks since November.

① Since November, about 20 banks have announced restrictions on cardless deposit and withdrawal services. Throughout the year, at least 50 various banks, including state-owned banks, joint-stock banks, and small to medium-sized banks have successively announced tightened cardless services. ② From the announcements released by each bank, their reasons for adjusting cardless services are basically consistent—risk control.

cls.cn22:42 ET

Major banks rating | Citigroup: Next year prefers defensive high dividend yield large banks, with a first choice of China Construction Bank and Chongqing Commercial Bank.

Citigroup released a research report stating that next year is an important year for china mainland banking to raise capital, combined with geopolitical risks and the potential lack of clear effects from fiscal stimulus policies. Therefore, next year favors defensive high dividend yield large banks. Citigroup estimates that the six china mainland banking will experience dilution of capital once, and there will be no further capital raising in the foreseeable future. Due to the Ministry of Finance relying on the six major banks' dividends to repay debt, it is expected that the six major banks' profit growth will be stable, with a stable dividend payout ratio. The bank stated that the top choices for china mainland banking H shares are China Construction Bank Corporation and cqrc bank.

Gelonghui Finance22:09 ET

VOTING RESULTS OF THE SECOND EXTRAORDINARY GENERAL MEETING OF 2024

HKEXNov 28 06:39 ET · Announcements

Yunnan jianzhijia health-chain (605266.SH): Received support for a special loan to repurchase shares.

On November 25, Gelonghui reported that yunnan jianzhijia health-chain (605266.SH) announced that according to the "Notice from the People's Bank of china, the Financial Regulatory Authority, and the China Securities Regulatory Commission regarding the establishment of share buyback and shareholding re-loan-related matters," recently, China Construction Bank Co., Ltd. Kunming branch completed the loan approval, agreeing to provide the company with a special loan for share buyback of no more than 70 million yuan, with a loan term of 1 year. The funds for this share buyback will come from the company's own funds and the special loan for share buyback.

Gelonghui FinanceNov 25 06:59 ET

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.

cls.cnNov 24 22:40 ET

For three consecutive days, 21 non-performing loan transfer projects were disclosed, accelerating the disposal of non-performing assets by China Construction Bank Corporation. The pressure on the quality of retail assets in the industry has become a trend

①Recently, china construction bank corporation has accelerated the disposal of non-performing assets, releasing 21 related project transfer information in three consecutive days, involving a total outstanding principal and interest of approximately 1.61 billion yuan. ②The industry generally believes that factors such as the economy's slower-than-expected recovery have led to a market-wide trend of general pressure on the quality of retail assets in banks.

cls.cnNov 22 07:14 ET