Contemporary Amperex Technology's net profit in Q3 increased by 6% year-on-year. Executives stated that production capacity utilization in Q4 is "more full", while the board secretary responded to the factory fire incident. | Interpretations

Contemporary Amperex Technology's Q3 net profit was 13.136 billion yuan, with a 6% increase compared to the previous quarter. During the performance interpretation meeting held on the night of the performance release, Nandu Times executives expressed their outlook on Q4 orders in this way; Executives responded to investor concerns such as the expected resumption of lithium carbonate production in Yichun and factory fires during the Q3 performance interpretation meeting.

cls.cnOct 18 12:07 ET

300 billion share buyback shareholding reloan "order", current trend, overall controllable risk for banks, may generate more business opportunities

①From the current policies and market trends, the gradual recovery of stock market and market confidence upwards is a high-probability event, and the overall risk of loans is still manageable. ②Although the interest rate spread of share buyback and shareholding loans is not particularly large, this business can be used to expand and maintain clients of listed companies, leading to more business opportunities. ③In practice, the main consideration may not necessarily be using purchased stocks as collateral, but more emphasis will be placed on the comprehensive credit rating of the borrower.

cls.cnOct 18 08:37 ET

Stable growth in profits! Contemporary Amperex Technology's net income in Q3 increased by 25.97% year-on-year | Financial Report Insights

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wallstreetcnOct 18 06:52 ET

Today, the six major banks and others took the initiative to lower the deposit benchmark interest rates. Experts believe this shows the effective operation of the central bank's interest rate policy transmission mechanism, which will support the stability

On October 18, the major commercial banks have lowered the deposit listed interest rates, and the LPR reported on October 21 will also reflect the corresponding decrease in policy interest rates, indicating that the market-oriented interest rate control mechanism is further improved, and the interest rate transmission channels are effectively cleared. This adjustment of deposit rates by commercial banks is beneficial for reducing the bank's cost of liabilities, providing support for stabilizing net interest margins, and enhancing the sustainability of financial support for the real economy.

cls.cnOct 18 06:04 ET

Pan Gongsheng: Choose the right time to further reduce the reserve requirement ratio by 0.25-0.5 percentage points.

Pan Gongsheng expressed that it is expected to assess the market liquidity situation by the end of the year and to further reduce the deposit reserve ratio by 0.25-0.5 percentage points at an opportune time; reducing the 7-day reverse repurchase operation rate of the open market by 0.2 percentage points.

cls.cnOct 17 22:30 ET

Three state-owned major banks have lowered their deposit benchmark interest rates with a maximum reduction of 25 basis points.

Industrial and commercial banks, China Construction Bank Corporation, Bank of Communications mobile banks have all updated their deposit lending rates, with six-month rates dropping to 1%. This is the second time that the major banks have reduced deposit rates in less than 3 months since July, and it is also the sixth time that major banks have proactively reduced deposit rates since September 2022.

cls.cnOct 17 20:12 ET