01988 MINSHENG BANK
- 2.790
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MINSHENG BANK News
Minsheng Bank (600016.SH): The Hong Kong branch issues bonds and lists them under the 5 billion US dollar medium-term note program.
Minsheng Bank (600016.SH) announced that the Hong Kong branch of the company has issued a notice in accordance with the 5 billion US dollar medium-term note program...
Minsheng Bank (01988.HK): The 0.3 billion US dollar floating rate notes due in 2027 are planned to be listed on September 16th.
Minsheng Bank (01988.HK) announced that the $0.3 billion floating rate notes due in 2027 are expected to be listed and tradable on or around September 16, 2024.
Bank stocks generally rise, Dongguan Rural Commercial Bank (09889) rises 4.9%. Institutions point out that industry pressure continues and performance remains resilient.
King Financial News | Banking stocks generally rose, Dongguan Rural Commercial Bank (09889) rose by 4.9%, Agricultural Bank of China (01288) rose by 2.65%, Minsheng Bank (01988) rose by 2.27%, CBHB (09668) rose by 2.15%, Bank of China (03988) rose by 2.13%. Open Source Securities stated that from the indicators of operation, listed banks generally face pressure on revenue growth. On one hand, insufficient effective demand delays the expansion of bank scale, the decline in asset-side yield exacerbates the pressure on interest margin narrowing, and both quantity and price are under pressure, with the continuous expansion of interest income decline; on the other hand, non-interest income contribution is limited, process...
Deutsche Bank: The pricing of loans in the banking industry in China is becoming more rational, so there is no need to overly worry about net interest margin pressure.
Morgan Stanley pointed out that although the LPR reduction may put pressure on the interest income of the banking industry in China, at the same time, the interest cost paid by banks to depositors is also decreasing, which helps to alleviate the pressure on net interest margin. Morgan Stanley expects that the banking industry will outperform the large cap market in the next 12 months.
Is it urgent enough to reduce the interest rate on existing housing loans? In the first half of the year, the non-performing balance of personal loans in the six major state-owned banks has reached 352 billion yuan, and the non-performing rate has general
In the first half of this year, the total amount of non-performing loans of the six major state-owned banks has reached 352.091 billion yuan, exceeding the 300 billion yuan threshold for the first time. Compared with the data from early 2024 (291.371 billion yuan), it can be calculated that in the first half of the year, the six major state-owned banks added approximately 60.7 billion yuan of non-performing loans. Industry insiders believe that in the current environment, it is not advisable to excessively rely on reducing existing housing loans to play a greater role in promoting consumer spending.
At least 10 senior executives of listed banks are optimistic. Has the net interest margin really bottomed out? Fitch raised objections: LPR may be further reduced.
In the second quarter of 2024, the net interest margin of commercial banks was 1.54%, showing signs of stopping the decline for the first time. Recently, several listed banks' executives have also publicly stated that there are signs of stabilization or a slowdown in the decline of the net interest margin, injecting a strong boost into the market. Huayu Ratings recently stated, "It is too early to determine whether the net interest margin has bottomed out. The government may further lower the LPR to reduce loan costs.
Shandong Dongyue Organosilicon Materials (300821.SZ): Minsheng Bank Peking Branch intends to sharehold no more than 0.79% of the shares.
Dongyue Organosilicon Materials (300821.SZ) announced on September 5th that the company recently received a Shareholding Plan Notification Letter from Beijing Branch of Minsheng Bank of China (hereinafter referred to as 'Minsheng Bank Beijing Branch'). Minsheng Bank Beijing Branch holds 69,249,298 shares of the company, accounting for 5.77% of the total share capital. The bank plans to reduce its shareholding by no more than 9,500,000 shares, or 0.79% of the total share capital, through centralized bidding or block trading within 3 months after 15 trading days from the disclosure date of this announcement.
Many major bank apps have launched the "Existing Home Loan Interest Rate Adjustment" function? In fact, it was introduced last year, and on the eve of the traditional busy season for property sales, the 37.8 trillion silver stock housing loans have once a
①The application port for the adjustment of the existing house loan interest rate was set for the unified adjustment of the existing house loan interest rate last year, not the latest launch. ②Refer to the reduction of existing house loan interest rates in August-September last year, and there is also a possibility of reducing existing house loan interest rates in the future. ③Based on the scale of existing house loans in the second quarter of 2024, which reaches 37.8 trillion yuan, the maximum amount of house loan interest that the residential sector needs to repay each year may be reduced by about 300 billion yuan.
Live coverage of the minsheng bank interim performance conference: executives explain key topics such as disposal of non-performing assets, stabilization of personal mortgages, and growth of corporate deposits.
① In June, the mortgage business has already seen a situation where the volume of loans exceeds the volume of repayments, and the scale has begun to stabilize and rebound, with positive signs ahead; ② The strict implementation of the self-discipline mechanism for deposits has caused the scale of deposits to experience some "growing pains". However, this is also a very good opportunity for structural adjustment; ③ Next, Minsheng Bank will continue to promote the disposal of non-performing assets.
Guosen Securities: The potential bearishness in the banking sector has significantly decreased, and next year is expected to bring a turning point in performance.
The current valuation of the banking sector is at a low level, after experiencing real estate risk exposure and adjustments to existing home loan interest rates, the potential bearishness of the sector has significantly reduced, with lower downside valuation risk.
Minsheng Securities: The overall revenue of the banking sector is still under pressure, while the growth rate of net income attributable to shareholders has returned to normal. The pressure on asset quality may be relieved.
Against the background of the gradual exposure and clearance of real estate risks, concerns about the significant fluctuations in the quality of bank assets have eased, and the valuation of the banking sector is expected to further improve.
The six major state-owned banks led the decline, and the expectation of a rate cut for existing home loans dealt a heavy blow to the banking sector. As the window period for housing policies in September approaches, how should we balance the 200 billion y
①As of the closing, 40 out of 42 listed bank stocks fell. The banking sector led the decline in all sectors, with the six state-owned banks leading the decline in the banking sector; ②Several interviewees told reporters that the decline in bank stocks today is partly due to the increasing expectations of rate cuts for existing home loans in the market; ③Estimates by China International Capital Corporation show that assuming the average mortgage interest rate is reduced by about 60bp, it is estimated to reduce borrowers' interest expenses by approximately 240 billion yuan per year.
During the first half of the year, while 1,126 bank branches closed, the number of branches for the six major state-owned banks increased slightly by 700, with Agricultural Bank of China alone adding over 800.
According to the data from the semi-annual reports of listed banks, the number of branches of the six state-owned banks is approximately 1.056 million, which has increased by about 700 branches compared to the beginning of the year. According to the data from the official website of the China Banking and Insurance Regulatory Commission, about 1,126 subordinate branches of commercial banks announced closure and cessation of business in the first half of this year, which means that although the state-owned banks are expanding against the trend, the steady contraction of bank branches is still the mainstream.
The national team did not increase its shareholding in the four major banks, and the semi-annual report revealed that the shareholding ratio remained unchanged. After three consecutive days of sharp decline, how will bank stocks perform in September?
① At the end of August, bank stocks were sold off with a valuation, and the cumulative decline of the big state-owned banks exceeded 7% in three days; ② The semi-annual report revealed that the national team did not increase its shareholding in the four major banks in the first half of the year, but bought shares of China Merchants Bank; ③ Will the adjustment of bank stocks continue? What can be expected in September?
A-share listed banks' semi-annual report: 41 banks continue to explore interest rate spreads, 12 banks experience negative growth in net income. The window for another round of interest rate cuts for existing housing loans has opened, posing a potential c
① In the first half of the year, the net interest margin of 41 banks collectively declined, with 9 banks experiencing a decrease of 2% or more in their interest margin compared to the same period last year; there were as many as 12 banks with a negative growth in net income attributable to the parent, an increase of 7 compared to the same period last year. ② Experts believe that the continued narrowing of the net interest margin has put certain pressure on the profitability of banks, and the possible reduction of interest rates for existing housing loans in the near future will further challenge the interest margin of banks and increase operating pressure.
Banks' stocks are experiencing a "rare" big drop, JPMorgan: There is no reason for it!
JPMorgan believes that the trend of funds flowing into high-yielding stocks will continue, and the performance of bank stocks is not significantly below expectations. The performance growth rate of JPMorgan, Bank of Communications, Ningbo Bank, and China Citic Bank in the first half of 2024 and expected earnings for the fiscal year 2024 are still on track, so there is no need to overly worry about banks reducing dividends due to capital pressure.
China Minsheng Banking's H1 Profit Falls 5.5% as Net Interest Income Slips
Minsheng Bank plans to distribute a mid-term dividend of 1.3 yuan per 10 shares.
Minsheng Bank (01988) announced that the company plans to distribute a mid-term dividend of RMB 1.3 per 10 shares.
Minsheng Bank plans to dismiss PwC as the audit accounting firm for the year 2024.
Minsheng Bank (01988) issued an announcement, based on market information and the principle of prudence, the bank intends to dismiss PricewaterhouseCoopers Zhongtian Certified Public Accountants LLP and KPMG Huazhen Certified Public Accountants LLP as the bank's audit firm for the year 2024.
China Minsheng Bank Releases H1 2024 Financials
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