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Deng Shengxing, a special V, said that the mainland's second quarter economic growth was worse than expected and that Hong Kong stocks were unable to rise.
CCTV finance news | The Hang Seng Index closed at 18,015 on Monday (15th), down 277 points or 1.52%. The city's total trading volume was HKD 91.1 billion. The national index fell 1.7% to 6,421; the technology index fell 2.9% to 3,672. Blue-chip stocks were under pressure, with China Construction Bank (00939) down 0.7%; Ping An Insurance (02318) reported a 5% increase in premium income in the first half of the year, but its stock price fell 2.2%; network technology stocks were also under pressure. Tencent (00700) fell 1.7%; both Meituan (03690) and Alibaba (09988) fell 2.2%; the Dow Jones Industrial Average closed at 40,211 on Monday (15th), up 2.
GTJA Securities: Diluting the obsession with scale and embracing the new norm of social financing.
PBOC Governor Pan Gongsheng pointed out at the Lujiazui Forum that when the growth of monetary and credit has shifted from supply constraints to demand constraints, if the focus is still on the increase in quantity even in the presence of a "size bias", it obviously contradicts the laws of economic operation. It is expected that the motivation behind banks using bills to pledge loans will significantly weaken, and more attention will be paid to the adjustment of loan structure and improvement of business quality and efficiency. Both social financing and credit will enter a "new normal" of growth.
[Brokerage Focus] Bocom Intl indicates that new loans in June meet market expectations.
Jingu Finance | Bocom Intl released research reports stating that new loans in June were 2.13 trillion yuan (RMB, same below), which is in line with market expectations, a year-on-year decrease of 920 billion yuan, with the decrease mainly coming from medium and long-term loans to enterprises, as well as short-term and medium-to-long-term loans to residents. The new social financing in June was 3.3 trillion yuan, which is basically in line with market expectations, with a year-on-year decrease of 926.6 billion yuan, mainly due to a year-on-year decrease in RMB loans. The year-on-year decrease in M1 has further expanded, while the growth rates of M2, RMB loans, and social financing balance continue to slow down. The bank pointed out that the monetary, credit, and social financing data in June continued to be affected by the calculation of value-added by the financial industry.
Why is China Construction Bank Corporation the first of the six major banks to cut salaries? 【In-depth analysis of financial reports】
Author: Before there was the fund "resignation order" and then the brokerage "salary reduction trend", the banking industry was not able to escape the trend of financial cost reduction and efficiency increase. The banking industry has long been rumored to be "tightening its belt", and this began with joint-stock banks in early 2024. During the Spring Festival, Shanghai Pudong Development Bank (600000.SH) made headlines by using a letter instead of the year-end bonus, but later proved to be false. In May, the Caihong Society revealed that the bonuses of many Ping An Bank (000001.SZ) employees were reduced, and the performance of business sectors such as credit cards and auto finance was even reduced to "60% off" for all staff. The trend of salary reduction is also affecting state-owned banks.
At the end of June, the balance of foreign currency loans in Shanghai reached 11.85 trillion yuan, up 8.6% year-on-year, according to the Shanghai branch of the People's Bank of China.
On July 15, the Shanghai headquarters of the People's Bank of China released the running status of MMF and crediting in Shanghai for the first half of 2024.
Representatives of high dividend banks have all reached new highs! Institutions say insurance is also underallocated.
On July 15th, high dividend stocks were once again sought after by funds, with high dividend stocks such as Industrial and Commercial Bank of China (601939.SH), Agricultural Bank of China (601288.SH), Bank of China (601988.SH), and China Construction Bank Corporation (601939.SH) all rising.
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