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Bank Of Chongqing (01963.HK): The National Financial Regulatory Administration Chongqing Supervision Bureau approved the appointment qualification of Executive Director Hou Ximeng.
On February 26, Gelonghui reported that Bank Of Chongqing (01963.HK) announced that on February 25, 2025, it received the "Approval of the Chongqing Financial Regulatory Bureau regarding the Qualification of Hou Ximeng for the Board of Directors of Bank of Chongqing" (Yujin Guan Fu [2025] No. 26), which approved Hou Ximeng to serve as an executive director. Hou Ximeng's term as an executive director will start from the date of this approval (February 24, 2025) and will last until the end of the seventh Board of Directors' term.
Express News | Bank of Chongqing Co Ltd - Received Bureau's Approval in Relation to Qualification of Hou Ximeng as a Director
China's Central Bank Conducts 300 Billion Yuan Medium-term Lending Facility Operation
The central bank carried out a one-year MLF operation of 300 billion yuan with interest rates remaining unchanged.
The People's Bank conducted a 300 billion yuan medium-term lending facility (MLF) operation, with a term of 1 year and a winning interest rate of 2.00%.
Will the tight funding conditions continue? This week, over one trillion interbank certificates of deposit will mature, and the pressure on the Banks' liability side will still require time to alleviate.
① If the funding situation does not loosen, the interbank certificate of deposit interest rates will continue to rise. ② The current relief from pressure on the asset side may take time, and the alleviation of banks' liability pressure may require the liquidity environment to loosen first. ③ Non-bank Institutions and rural commercial banks are the Block Orders for Shareholding, while Funds and Brokerages are the main ones reducing their holdings.
CITIC SEC: It is expected that the performance of Banks and other high certainty Sectors will likely take over, with optimistic absolute return potential.
In terms of individual stock combinations, two main lines are recommended: 1) Stable returns from dividend contributions, select individual stocks with stable performance growth, stable dividend rates, stable asset quality, and low valuation fluctuations; 2) Companies with excellent business models, where valuation premiums are expected to return to normal Range: Select individual stocks with high ROE and strong certainty, where current valuation premiums are still at low levels.
