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China Vanke: Applied for CNY3.56B in Loans From Postal Savings Bank of China
Zhongtai Securities: Why were bank stocks the top gainer in Q2?
The marginal inflow of various funds and the rare outflow of institutional funds have driven banks to rank first in terms of rising stocks.
Postal Savings Bank of China Announces Board Changes
Postal Savings Bank of China (01658): elected Liu Xin'an as a member of the Board of Directors' Strategic Planning Committee and the Board of Directors' Committee for Social Responsibility and Consumer Rights Protection.
Postal Savings Bank of China (01658) issued an announcement, and the board of directors of China Postal Savings Bank Co., Ltd. will meet in July 2024.
Hong Kong stocks fluctuate | China mainland banking rises again, Agricultural Bank of China (01288) rises by more than 3% during trading, and bank deposit interest rates are expected to usher in a new round of cuts.
China mainland banking is rising again. As of press time, Agricultural Bank of China (01288) rose 2.6% to HKD 3.55; Industrial and Commercial Bank of China (01398) rose 2.07% to HKD 4.43; Bank of Communications (03328) rose 1.92% to HKD 5.84.
Citic Sec: Banks sector is expected to continue to recover positions, recommending two main lines.
As of Q2 2024, banks accounted for 2.45% of the heavyweight stocks held by active funds, up 0.21pct from Q1 2024.
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