Tech Firm IFlyTek Issues 200 Million Yuan Ultra-Short-Term Bonds

MT NewswiresJul 23 23:29 ET

The central parity rate of Renminbi is reported as 7.1358, down 24 points.

On July 24th, the central parity rate of RMB was reported as 7.1358, down 24 points from the previous trading day of 7.1334. Looking to the future, the exchange rate of RMB in the second half of the year is expected to be relatively stable with sufficient support at a reasonable and balanced level. According to Wen Bin, the chief economist of Minsheng Bank, China's good economic fundamentals, coupled with relatively abundant exchange rate management tools, will be sufficient to ensure the exchange rate of RMB in the second half of the year remains basically stable at a reasonable and balanced level. It is expected that the USD-RMB exchange rate will fluctuate bidirectionally within the range of 7.1 to 7.3 most of the time, and the pressure for RMB depreciation will significantly decrease after the Fed's interest rate cut landing. "In the second half of the year, RMB"

市場資訊Jul 23 21:22 ET

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.

Zhitong FinanceJul 23 20:30 ET

CICC suggests focusing on China Construction Bank Corporation, Agricultural Bank of China, CM Bank, and HSBC Holdings.

CICC released a research report on statistics and valuations of public bank stock funds in the second quarter. The position of bank stock funds was 2.64%, up 0.28 percentage points quarterly, mainly due to the good performance of bank stocks. A-share and H-share banks have risen by 26.3% and 19.4% respectively since the beginning of the year, with state-owned banks and some regional banks performing well. Currently, the overall banking sector is still underallocated by funds by about 10.5 percentage points, which is a historically high level of underallocation, indicating that there is still room for bank stocks to increase their positions. The report mentioned that Northbound funds flowed into CM Bank (03968) and Pufa Bank, while Southbound funds flowed into state-owned banks. In the past 3 years,

新浪港股Jul 23 05:51 ET

GTJA Securities: Diluting the obsession with scale and embracing the new norm of social financing.

PBOC Governor Pan Gongsheng pointed out at the Lujiazui Forum that when the growth of monetary and credit has shifted from supply constraints to demand constraints, if the focus is still on the increase in quantity even in the presence of a "size bias", it obviously contradicts the laws of economic operation. It is expected that the motivation behind banks using bills to pledge loans will significantly weaken, and more attention will be paid to the adjustment of loan structure and improvement of business quality and efficiency. Both social financing and credit will enter a "new normal" of growth.

Zhitong FinanceJul 15 23:10 ET

GF Sec: A summary of the quota and usage of interbank certificates of deposit in the first half of 2024.

Under the policy guidance of idle funds pressure, it is unlikely that state-owned banks will update their filing quotas within the year. In history, only a few urban and rural commercial banks have updated their filing quotas due to the scale of their deposit certificates exceeding the filing quotas, and state-owned banks have no precedent yet.

Zhitong FinanceJul 12 04:32 ET