GF Sec: A summary of the quota and usage of interbank certificates of deposit in the first half of 2024.

Under the policy guidance of idle funds pressure, it is unlikely that state-owned banks will update their filing quotas within the year. In history, only a few urban and rural commercial banks have updated their filing quotas due to the scale of their deposit certificates exceeding the filing quotas, and state-owned banks have no precedent yet.

Zhitong Finance04:32 ET

Hang Seng Index Company: The Hang Seng Stock Connect State-Owned Enterprise Value Index has risen by more than 26% since the beginning of the year, significantly outperforming the market.

Heng Seng Index Company stated that state-owned enterprises have significantly outperformed in the Hong Kong stock market in recent years.

Zhitong FinanceJul 11 04:59 ET

CITIC Securities: Market style may continue, banks still have room for dividend transactions.

According to the Wisdom Finance app, Citic Securities released a research report stating that the bank sector has continued its upward trend in recent times, with funds progressively favoring state-owned banks. Last week, the industry index reached a new high for the year, but there was a downturn on Friday, and the market is highly concerned about the future trend of the situation.

Zhitong FinanceJul 7 20:35 ET

Moody's has put Japan's Agricultural Central Fund on its downgrade watchlist due to huge losses.

Moody's has put the credit rating of Japan's fifth largest bank, Norinchukin Bank, on an observation list for possible downgrade, due to the bank's upcoming sale of foreign bonds that will cause huge losses. The agricultural bank warned last month that it might suffer a loss of 1.5 trillion yen ($13.88 billion) this fiscal year due to the sale of US and European sovereign bonds that lost value after interest rates rose. Any downgrade by Moody's could put pressure on Norinchukin Bank's borrowing costs, which have already exceeded most of its foreign bond investments.

Zhitong FinanceJul 2 07:18 ET

On the first trading day of July, the Hang Seng Index once again staged a high-rush comeback.

Article / ATFX HSI rose 671 points or 3.9% in the first half of the year. On the first trading day of July, after a low opening, it rose more than 200 points. The HSI closed at 17819 at midday, up 100 points or 0.6%; the afternoon increase narrowed. The technology index showed fluctuations, with a half-day report of 3548.78 points, down 0.17%, and the national index reported 6392 points, up 0.95%. The technology index maintained its weakness in the afternoon, and the main technology stocks fluctuated. Tencent (00700) fell by nearly 1%, Bilibili (09626) fell by 5%, Baidu (09888) fell by nearly 2%, and Alibaba (09988) fell slightly by 0.2%.

金吾財訊Jul 2 04:38 ET

Hong Kong Stock Market Changes | Mainland China banking stocks show strong performance, banks welcome a period of intensive dividends. Institutions suggest that the multi-party policies will help improve banking risk expectations.

China mainland banking showed strong performance today. As of press time, Agricultural Bank of China (01288) rose by 5.09% to HKD 3.51; CEB Bank (06818) rose by 3.57% to HKD 2.32; Industrial and Commercial Bank of China (01398) rose by 3.02% to HKD 4.78; CM Bank (03968) rose by 2.96% to HKD 36.55.

Zhitong FinanceJul 2 01:41 ET