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

Statistics on Capital Trend of Hong Kong Stock Connect (T+2) | December 17

Capital Trend of Hong Kong Stock Connect | December 17

Zhitong FinanceDec 16 18:30 ET

China Mainland Banking stocks collectively rose, with the Industrial And Commercial Bank Of China (01398) up 2.3%. Institutions indicated that in the coming year, the credit risk expectations for the banking industry are expected to further ease.

Jingu Financial News | China Mainland Banking stocks rose collectively, with Industrial And Commercial Bank Of China (01398) increasing by 2.3%, ZYBANK (01216) by 1.67%, Agricultural Bank Of China (01288) by 1%, China Construction Bank Corporation (00939) by 0.8%, and Bank Of China (03988) by 0.79%. A report from Galaxy Securities pointed out that current macro policies are becoming more proactive, focusing on expanding domestic demand and stabilizing market expectations. The fiscal policy is particularly active, creating favorable conditions for the banks' loan Business. Meanwhile, the monetary policy has also shifted towards a more accommodative direction, timely adjusting deposit reserves.

Jinwu Financial NewsDec 15 21:17 ET

The Agricultural Bank Of China (01288.HK) has had its shareholding reduced by Blackrock by 5.527 million shares.

On December 16, according to the latest equity disclosure from the Stock Exchange, on December 10, 2024, Agricultural Bank Of China (01288.HK) saw BlackRock, Inc. reduce its holdings by 5.527 million shares in the market at an average price of HK$4.1347 per share, involving approximately HK$22.8525 million. After the reduction, BlackRock, Inc.'s latest number of shares held is 1,844,040,310, with the shareholding ratio decreasing from 6.02% to 5.99%.

Gelonghui FinanceDec 15 18:05 ET