The central bank's discussions with some "aggressive trading" Institutions have shaken the market; who are the Block Orders in this round of bond bull market? State-owned large banks have received the most "attention".

① The central bank's morning consultations mainly involved Institutions based in Beijing, with very few Institutions from other cities attending the meeting, including cities like Shanghai where asset management Institutions are concentrated. ② In the past two weeks, the Block Buy Institutions for 10-year government bonds have shifted from Fund to Banks. ③ As incremental policies come into effect, the likelihood of economic stabilization increases, necessitating a reduction in expectations for the bond market in 2025.

cls.cnDec 18 08:24 ET

Interest rates can reach 3%! Small and medium-sized Banks have densely launched high-interest products such as large-denomination certificates of deposit and special deposits. How will the pressure for short-term deposit strategies be relieved in the futu

① Some small and medium-sized Banks have engaged in such behavior, which somewhat contradicts the current downward trend of deposit interest rates, possibly being a short-term strategy taken to meet the funding Indicators in the short term. ② The overall trend of deposit interest rates may continue to decline in the future, and the recent rapid decline in bond market interest rates may also face some adjustments.

cls.cnDec 18 04:53 ET

Encouraging to "seize the opportunities of moderately loose MMF policy," many local officials are intensively researching local Banks at the end of the year, is a good start for next year to be expected.

① In discussions with local officials, frequently mentioned keywords include comprehensive, accelerated, risk, and servicing the local economy. ② For Financial Institutions, "the moderately loose monetary policy from the central government brings opportunities while also posing challenges." ③ If some mechanisms for due diligence exemption can be provided, it is expected to ease the lending pressure on Banks.

cls.cnDec 18 04:09 ET

China Construction Bank Corporation (00939): Each share of China Construction Bank Preferred I will distribute a dividend of 3.57 yuan on December 26.

China Construction Bank Corporation (00939) announced that, based on a cash dividend yield of 3.57% for the preferred shares, a cash dividend will be distributed for each share...

Zhitong FinanceDec 17 05:10 ET

Announcement on Distribution of Domestic Preference Share Dividends

HKEXDec 17 05:08 ET · Announcements

Northern funds direction | Northern funds net Buy of 7.972 billion. Central enterprise Market Cap management opinions have been released. Domestic capital is aggressively acquiring high-dividend central state-owned enterprises.

On December 17th in the Hong Kong stock market, northbound capital had a net purchase of 7.972 billion HKD, among which the SH->HK Connect had a net purchase of 6.068 billion HKD, and the SZ->HK Connect had a net purchase of 1.904 billion HKD.

Zhitong FinanceDec 17 04:51 ET