Al Seer Marine Expands Fleet With Two New Tankers
The central bank conducted standing lending facility operations for Financial Institutions in February totaling 1.901 billion yuan.
On March 3, the People's Bank of China disclosed that to meet the temporary liquidity needs of Financial Institutions, in February 2025, the People's Bank conducted a total of 1.901 billion yuan in standing lending facility operations for Financial Institutions.
Bank Of Communications (03328): Zhu Bin and Fan Zhao Rong replace Meng Yu and Zhang Wei Zhong as authorized representatives.
The Bank Of Communications (03328) announced that Mr. Zhu Bin (the Vice President of the Hong Kong branch) and Mr. Fan Zhaorong (the...
CITIC SEC: Market style stabilizes, Banks stocks are expected to continue a steady upward trend.
Overall, the policies since the fourth quarter have a direct effect on stabilizing financial risks. During the Two Sessions, the likelihood of those policies significantly exceeding expectations is low, but the 'uncertain' policies are moving towards 'certainty'. Therefore, bank stocks are expected to continue a steady upward trend.
【Special Invited Expert】Guo Jiayao: The market is paying attention to the implementation of tariff measures, and the market situation is showing fluctuations.
Jinwu Finance | US stocks showed a positive trend last Friday, with the latest inflation data from the USA slowing down, leading to increased market optimism about the possibility of interest rate cuts, which was bullish for the overall market performance. All three major indexes recorded gains at the close. The dollar performed well, and the yield on the USA ten-year treasury fell to 4.2%. Gold and oil prices were relatively weak. Hong Kong stocks' pre-market securities showed little change, and the overall market is expected to lack direction in the early part of the trading day. The mainland stock market clearly declined last Friday, with the Shanghai Composite Index opening lower and continuing to fall, closing down 2%. The trading volume in the Shanghai and Shenzhen markets also slightly reduced. After several days of gains, Hong Kong stocks experienced a pullback, with market concerns over the impact of tariff measures on corporate earnings, causing the Index to fall below the 23,000 point mark, with th
China Mulls Injecting at Least 400 Billion Yuan Into Major Banks, Bloomberg Reports, Citing Sources
China's Central Bank Conducts 300 Billion Yuan Medium-term Lending Facility Operation
The central bank carried out a one-year MLF operation of 300 billion yuan with interest rates remaining unchanged.
The People's Bank conducted a 300 billion yuan medium-term lending facility (MLF) operation, with a term of 1 year and a winning interest rate of 2.00%.
Will the tight funding conditions continue? This week, over one trillion interbank certificates of deposit will mature, and the pressure on the Banks' liability side will still require time to alleviate.
① If the funding situation does not loosen, the interbank certificate of deposit interest rates will continue to rise. ② The current relief from pressure on the asset side may take time, and the alleviation of banks' liability pressure may require the liquidity environment to loosen first. ③ Non-bank Institutions and rural commercial banks are the Block Orders for Shareholding, while Funds and Brokerages are the main ones reducing their holdings.
CITIC SEC: It is expected that the performance of Banks and other high certainty Sectors will likely take over, with optimistic absolute return potential.
In terms of individual stock combinations, two main lines are recommended: 1) Stable returns from dividend contributions, select individual stocks with stable performance growth, stable dividend rates, stable asset quality, and low valuation fluctuations; 2) Companies with excellent business models, where valuation premiums are expected to return to normal Range: Select individual stocks with high ROE and strong certainty, where current valuation premiums are still at low levels.
In February, the LPR Quote was released: the interest rates for both 5-year and 1-year terms remain unchanged.
The loan market quote rate (LPR) for February has been released: the LPR for more than 5 years is 3.6%, the same as last month at 3.6%. The 1-year LPR is 3.1%, unchanged from last month at 3.1%.
Hong Kong Banking Sector Rallies to Support Struggling SMEs
After 28 days of explosive growth, the banking industry's "DeepSeek moment" raises three questions: Will CSI Information Security Index be the biggest obstacle?
① The biggest obstacle to the large-scale application of DeepSeek is still the CSI Information Security Index issue. Currently, Banks are generally "waiting" and observing the attitude of financial regulatory bodies towards DeepSeek. ② From a cost perspective, DeepSeek will indeed be more Bullish for small and medium-sized Banks in the early stages. However, when considering customer numbers, asset scale, and data quality, large Banks undoubtedly have more advantages.
BJ DIGITAL subscribed to the structured deposit products for 2025.
BJ DIGITAL (06188) announced that on February 17, 2025, its wholly-owned subsidiary Zhuhai BJ DIGITAL entered into a structured deposit agreement with the Bank Of Communications, under which Zhuhai BJ DIGITAL agreed to subscribe for a structured deposit of 0.14 billion yuan. On February 17, 2025, Zhuhai BJ DIGITAL entered into a structured deposit agreement with the Industrial Bank, under which Zhuhai BJ DIGITAL agreed to subscribe for a structured deposit of 50 million yuan.
Zhejiang Dafeng Industry (603081.SH): Received the "Bank Of Communications Share Buyback Loan Commitment Letter."
On February 17, Gelonghui reported that Zhejiang Dafeng Industry (603081.SH) announced that it has recently obtained the "Bank Of Communications Share Buyback Loan Commitment Letter" issued by the Ningbo Yuyao Branch of Bank Of Communications, committing to a loan limit of no more than 135 million yuan, solely for the purpose of buying back the company's shares.
CITIC SEC: The next phase of absolute returns in the Banks sector is still worth期待. Two main lines are recommended.
CITIC SEC's Research Reports state that the performance summaries released for 2024 show that the overall operation of the listed Banks is stable.
Zhitong Hong Kong Stock Shareholder Equity Disclosure | February 17
Disclosure of Shareholder equity in Hong Kong stocks | February 17.
【Brokerage Focus】CITIC SEC expects fluctuations in the capital market in February, with the annual credit expansion pace possibly showing a "low at both ends and high in the middle".
Jinwu Finance | CITIC SEC stated that looking at the forward financial data, due to factors at the beginning of the year combined with a high base figure, the bank expects the increase in RMB loans in January to approach 5 trillion yuan, and the growth rate of social financing is expected to maintain around 8.0%. The favorable start to lending at the beginning of the year and the government's proactive fiscal measures, along with the multidimensional effects of precise regulation by monetary authorities, have resulted in a neutral to tight funding environment in January. Looking ahead, the sustainability of the favorable start to lending, the pace of government bond issuance, and the intensity of liquidity injections by the central bank may be core determining factors for the funding market and credit market in the next stage. The funding market in February is expected to have space for fluctuations, and the pace of credit expansion for the whole year may present.
Citigroup: It is expected that the Bank of Communications and CQRC BANK exceeded expectations with significant earnings growth last quarter.
Citigroup released a research report stating that based on the latest operational trends, the expected year-on-year changes in revenue/profit for banks in the interior are projected to be 0% and +2.1% respectively, compared to -1.2% and +1.4% in the first nine months. The main reasons include the impact of the 924 policy, expecting significant growth in retail loans in the fourth quarter; in the fourth quarter, due to the rise in the bond market, substantial trading profits are anticipated; and the low performance base of Q4 2023 provides a favorable comparison for growth. Among the banks covered by Citigroup, Bank Of Communications (03328) and CQRC BANK (03618) are expected to perform well in 2024.
CITIC SEC: The Banks Sector returns to the fundamental framework, focusing on absolute return opportunities.
The difference between the dividend yield and the risk-free yield has widened, which also implies an enhancement in the potential allocation strength of Banks stocks.