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Zhongtai: The senior law significantly saves bank capital, and under the improved market preference, attention is paid to the performance of quality banks.
Zhongtai stated that the regulatory authorities have relaxed the acceptance of advanced capital method applications. Based on the case of China Merchants Bank, the advanced method significantly saves capital, with a core Tier 1 capital adequacy ratio about 2 percentage points higher than the weighted method. If the top tier listed banks subsequently implement the advanced method, it is expected to increase the core Tier 1 capital adequacy ratio of the top tier listed banks by more than 1 percentage point.
Even After Rising 14% This Past Week, Shengjing Bank (HKG:2066) Shareholders Are Still Down 82% Over the Past Three Years
The no-card deposit and withdrawal business continues to tighten, with about 20 banks officially announcing adjustments to the business, leading to diffusion among small and medium banks since November.
① Since November, about 20 banks have announced restrictions on cardless deposit and withdrawal services. Throughout the year, at least 50 various banks, including state-owned banks, joint-stock banks, and small to medium-sized banks have successively announced tightened cardless services. ② From the announcements released by each bank, their reasons for adjusting cardless services are basically consistent—risk control.
The signing ceremony for the strategic cooperation between shengjingbank and ZhongAn insurance, as well as the successful launch of the "Sheng E Loan" product, was held.
On November 27, shengjingbank signed a strategic cooperation agreement with ZhongAn insurance and launched the "Sheng E Loan" product. Sun Jin, the party secretary and chairman of shengjingbank, and Yin Hai, the chairman of ZhongAn insurance, attended the ceremony and gave keynote speeches. Sun Jin stated that shengjingbank always adheres to the strategic vision of "being a good bank that benefits enterprises and the people," insists on the political and people's nature of financial work, and strives to write "five major articles." As a city commercial bank rooted in the Liao-Shen area, shengjingbank relies on its branch in Shanghai to support the development of the real economy, closely focuses on the new demands of citydev and resident consumer, continuously promotes the optimization and upgrading of retail trade business, and is committed to building a distinctive character.
In November, the MLF volume continued to shrink. Previously, the 500 billion buy-back reverse repurchase has released medium-term liquidity ahead of schedule. The industry expects the reserve requirement ratio cut to be implemented faster.
①The funding operation mode of shortening and lengthening funds continues. On the one hand, the central bank continues to reduce the MLF operations volume, reduce the existing stock to mitigate its impact on the liquidity market. On the other hand, short-term funds continue to be net injected to hedge against cross-month fund pressure, strengthening the guiding position of reverse repurchase agreements on market interest rates. ②Local government bonds are centrally supplied, and the MLF is likely to see a quicker implementation under the reduced volume environment.
Rare! This rural commercial bank is offering a 5-year fixed deposit interest rate of 1.5%, which is lower than the 1.55% level of state-owned banks. It is referred to as a "case" in the industry.
①Recently, Wuxiang Rural Commercial Bank adjusted the deposit execution interest rates, lowering the execution interest rates for personal fixed-term deposits of two years, three years, and five years to 1.5%, with the five-year execution interest rate being lowered below the lowest level of the state-owned banks' published rates. ②The phenomenon of the aforementioned rural commercial bank reducing rates beyond the mid- to long-term levels of state-owned banks is still considered an isolated case.
Shengjing Bank (HKG:2066) Sheds HK$1.8b, Company Earnings and Investor Returns Have Been Trending Downwards for Past Three Years
