How was the pricing scheme for the capital increase of the four major banks determined? Direct coverage of the four major banks' 520 billion "capital increase" meeting.

Senior executives of the four major banks explain the relevant details.

wallstreetcnMar 31 09:46 ET

Research Reports Gold Mining丨Ping An Securities: China Construction Bank Corporation's profitability continues to improve, maintaining a "recommended" rating.

Ping An Securities' Research Reports pointed out that China Construction Bank Corporation (601939.SH) has shown resilience in net interest income for 2024, with profits continuing to improve. In 2024, the net income attributable to the parent company of China Construction Bank is expected to increase by 0.9% year-on-year (24Q1-3, +0.1%), with a growth rate widening by 0.8 percentage points compared to the first three quarters, mainly related to the recovery of revenue, especially the resilience of net interest income. As a leading commercial bank in China, China Construction Bank plays a benchmark role in profitability, comprehensive operation, and transformation development within the Industry. Based on long-term prospects, the bank has established three major strategies focusing on housing rental, inclusive finance, and CNI Xiangmi Lake Fintech Index.

Gelonghui FinanceMar 31 03:03 ET

A shares midday review: Chinext Price Index fell by 1.82%, over 4,700 stocks declined, while Gold and Banks stocks rose against the trend.

As of the midday break, the Shanghai Composite Index fell by 0.97% to 3318.77 points, the Shenzhen Component Index fell by 1.66%, and the Chinext Price Index fell by 1.82%.

Gelonghui FinanceMar 30 23:46 ET

China Construction Bank Rolls Out DeepSeek-Based Financial AI Model

MT NewswiresMar 30 23:31 ET

[Brokerage Focus] Citi: The large state-owned banks' private placement of A-shares helps alleviate net interest margin pressure, but is more Bullish on joint-stock banks.

Jinwu Financial News | Citigroup's Research Reports indicate that the Private Placement of shares by Bank Of China (03988), Postal Savings Bank Of China (01658), China Construction Bank Corporation (00939), and Bank Of Communications (03328) will help alleviate net interest margin pressure and restore lending capacity. This round of Refinancing will respectively raise the core Tier 1 capital adequacy ratios (CET1) of CCB, BOC, PSBC, and BOCOM to 15%, 13.1%, 11.5%, and 11.1%, and will dilute the existing Shareholders' equity to 4.3%, 8.5%, 15.6%, and 17.2%, but will only affect the dividend yield starting from 2025.

Jinwu Financial NewsMar 30 22:55 ET

Hong Kong stock market movement | China Mainland Banking stocks rise against the trend, China Construction Bank Corporation (00939) increases by over 4%, with four state-owned banks introducing a strategic investment of 520 billion yuan.

China Mainland Banking stocks rose against the trend, as of the time of publication, China Construction Bank Corporation (00939) increased by 3.73% to 6.95 Hong Kong dollars; Bank Of China (03988) rose by 1.96% to 4.68 Hong Kong dollars; CM BANK (03968) increased by 1.86% to 46.5 Hong Kong dollars; Industrial And Commercial Bank Of China (01398) rose by 1.27% to 5.56 Hong Kong dollars.

Zhitong FinanceMar 30 22:02 ET