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The interest rates of the same industry certificates of deposit are rapidly declining, and under "moderately loose" conditions, there is hope to drop to 1.30%.
1. After the improvement in MMF transmission efficiency, the CD interest rate and the 7-day OMO rate will integrate within the next year. 2. Due to the faster decline of long-term bonds, the spread between the 10Y government bond and the 1Y CD has been compressing, and is currently at 13BP.
MINSHENG BANK (600016.SH): New Hope Liuhe's proposal to increase shareholding has been approved.
On December 13, Gelonghui reported that MINSHENG BANK (600016.SH) announced that the company has received the "Approval from the National Financial Supervision Administration on the Change of Shareholding of MINSHENG BANK" (Jin Fu [2024] No. 816). The National Financial Supervision Administration agrees to New Hope Liuhe Chemical Investment Co., Ltd. (referred to as "New Hope Liuhe Chemical") to increase its shareholding in the bank by no more than 68,000,000 shares through the secondary market within six months from the date of the approval. After the increase, New Hope Liuhe Chemical and its concerted actors will hold no more than 2,239,504,689 shares in the bank, with a shareholding ratio of no more than 5.12%.
The interest rates for consumer loans at some "2"-tier banks will decrease by 10 basis points again in December, while the lowest interest rate at major banks has already dropped by 50 basis points this year.
① The consumer loan products promoted by banks with extremely low interest rates are mostly aimed at high-quality customers, so it is important for customers to pay attention to the actual interest rate level when applying, and then decide whether to borrow. ② The reduction in personal consumer loan interest rates helps to lower the costs for holders of consumer crediting, promoting demand for consumer crediting, and thus driving consumption.
As the year-end approaches, many banks are warning about the "standard usage of credit cards" and will periodically take control measures against abnormal customers.
Since late November, more than ten banks have intensively issued reminders about the "standard use of credit cards," including several national commercial banks and many local small and medium-sized banks; on December 6, Qilu Bank issued a reminder that consumers must not rent or lend their credit cards, and it is prohibited for others to make repayments on their behalf, "irregular control will be implemented on abnormal customers."
There are still "2" denominations! Many local banks are intensively issuing large-denomination certificates of deposit at the end of the year, and state-owned big banks and listed banks are also "mixed in".
① Especially since late November, about 20 local banks across the country have intensively announced the launch of large-denomination certificates of deposit. Furthermore, some annualized interest rates are still above 2%. ② Recently, some state-owned major banks have also been "quietly" promoting their own large-denomination certificate of deposit products, and listed banks are also introducing related products.
Nyocor Completes Registration of 1.50 Billion Yuan Green Bonds
Investors in China Minsheng Banking (SHSE:600016) Have Unfortunately Lost 16% Over the Last Five Years
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