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A new round of interest rate cuts for deposits is about to end its first month: small and medium-sized banks continue to follow suit, and some banks have made a second adjustment within the month. Is there still room for further cuts?
① In the context of market interest rate decline, banks are facing continuous pressure to narrow their net interest margin. Some banks have directly lowered deposit interest rates, while others have adjusted them in a phased manner. ② The phenomenon of inverted deposit interest rates is the result of the combined effects of macroeconomic conditions, bank operational strategies, policy guidance, and market expectations.
Northbound water movements | Net sales of 0.083 billion shares by CSPC Pharma (01093), with an increase of 0.4 billion shares in Semiconductor Manufacturing International Corporation (00981) being sold.
On August 22, in the Hong Kong stock market, the net selling of Mainland institutional investors was 8.3 hundred million Hong Kong dollars, of which the net buying of Shenzhen Connect was 1.565 hundred million Hong Kong dollars, and the net selling of Shanghai Connect was 1.648 hundred million Hong Kong dollars.
What is the reason for the year-on-year decrease in net profit of some private banks? The Financial Regulatory Bureau responded.
Liao Yuanyuan said that the net income growth rate of private banks has experienced negative growth. Mainly because these banks have significantly increased their provisions compared to the same period last year, which directly affects the current profits and leads to a temporary decline in net income of private banks.
HK stocks fluctuate | Agricultural Bank of China (01288) fell more than 3%, leading the decline in China mainland banking. Goldman Sachs states that the per-share dividend of China mainland banking may be lower than expected, and net interest margin still
China mainland banking fell today. As of press time, Agricultural Bank of China (01288) fell by 2.77% to HKD 3.51; Bank of China (03988) fell by 1.68% to HKD 3.52; Industrial and Commercial Bank of China (01398) fell by 1.28% to HKD 4.64; and China Construction Bank Corporation (00939) fell by 1.05% to HKD 5.64.
Haige Communications Issues 1 Billion Yuan Medium-Term Bonds
Who is buying banks according to Xingye Securities?
The banking sector has performed well this year, as of August 19th, the Shenwan Bank Index has increased by 19.08%, ranking first among all 31 first-tier industries, with returns exceeding second place by 10%. Among them, the stock prices of the five major banks, including ICBC and China Construction Bank, have set new highs.
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ZnWC : China has emerged as the world’s top producer of generative AI patents, but it is struggling to turn many of its ideas into action thanks to US export controls and longstanding struggles with its innovation culture at home.
Source:
China wrestles with ‘quantity over quality’ in generative AI patents | Technology - Al Jazeera
ZnWC : Despite the lower overall number of patents, US developers have a clear lead. Stanford University’s 2024 AI Index named the US as the undisputed home of the most “notable AI models” to date, producing 61, compared with 21 from the European Union and 15 from China.
Space Dust : wtf
Murca!?..
..
Space Dust : looks like AI patents in China need some DEI,
do they hire based fairness? I don't see very many ' minorities or immigrants '. actually it looks... rayciss, they all look native born.
lab? rayciss..
?.why?
.. that's it..
,
How come only the west holds down exceptional people so that less exceptional can get ahead?
see where it leads ?
Hey, how come there are no _____ in that field..rayciss..
How come you don't have any special ed students in that science
hey, how come you don't have people from different countries hired over native born populace WITH QUOTAS to pass over natives that are higher scoring..
hey, how come these _____ aren't in the honors program? even though they get 'c' grades instead of 'a'?. rayciss!.
some of those ' a' students , welp, we need to GIVE THEM A HIGHER BAR.
or else .... rayciss ....
nice job Murca... we have fallen from the top of the mountain
basically, hey, how come no short, green and yellow DWARVES at center in the NBA ... rayciss...
hey, how come all those surgeons are smart.. that's rayciss..
hey, all them pilots, how come no gangster rappers get to be pilots.. rayciss..
What America needs is ... to feed and house and clothe more of the worlds poor . yeah
we need to focus on feeding everyone ..
you, American, you are rayciss for not giving up every last
rayciss for not feeding the poor SO THEY CAN REPOPULATE AND INCREASE THEIR NUMBERS!.
hey Americans ,1965-1985.. stop having kids.. population..too high .
now, instead , import millions of people that have a grudge, that have less skills , PROVEN BY THE COUNTRIES THEY COME FROM..
and let's parade every immigrant success story, and OMIT the fact that more qualified native born were MALICIOUSLY and systematically passed over,
cuz.. rayciss..