Bank of Communications' HK Unit to Raise Capital By HK$7.1 Billion Via Earnings Conversion

MT NewswiresJan 21 01:46 ET

Are Banks under pressure from interest margins looking to Overseas for profits? The 2025 annual plan reveals that Overseas Business may become a new highlight.

① The Industrial And Commercial Bank Of China stated that efforts should be made to explore a second growth curve for Overseas Operation; ② For companies going global, it means that both upstream and downstream industries are venturing overseas together, which means more Chinese enterprises are setting up factories and operating locally.

cls.cnJan 20 07:35 ET

Bank Of Communications (03328.HK): The unallocated profits of Bank Of Communications (Hong Kong) have received regulatory approval for the increase of capital.

On January 20, Gelonghui reported that Bank Of Communications (03328.HK) announced that its wholly-owned subsidiary, Bank Of Communications (Hong Kong) Limited (hereinafter referred to as the "Hong Kong subsidiary"), has increased its capital by transferring an undistributed profit of not more than 7.1 billion Hong Kong dollars (without providing Cash / Money Market options to shareholders). After the transfer, the Hong Kong subsidiary's capital stands at 45 billion Hong Kong dollars, and the company continues to maintain full ownership of the Hong Kong subsidiary. This capital transfer matter has been reviewed and approved by the company's Board of Directors and does not need to be submitted for shareholder meeting approval.

Gelonghui FinanceJan 20 05:21 ET

The Banks wealth management market welcomes a "big year": the existing scale reaches 29.95 trillion, and the number of investors is 0.125 billion.

The year 2024 is a significant year for the Banks' wealth management market in our country, with scale and users continuing to maintain a steady growth trend.

Gelonghui FinanceJan 19 23:20 ET

Banks are "short of money," and the yield on interbank certificates of deposit has surpassed that of 10-year government bonds, with the scale of maturing certificates of deposit nearing 6 trillion in the first quarter.

① The recent abnormal situation of banks lacking liabilities is also related to the outflow of non-bank deposits caused by the new self-regulation rules at the end of November 2024. ② The funding situation this morning has improved significantly compared to the past two days, but it remains relatively tight.

cls.cnJan 17 01:05 ET

The AUM of private banking has grown against the trend; high-end clients are the future of Banks.

In 2024, amid narrowing interest margins and weak income in the banking industry, one Indicator continues to "skyrocket." Data from the corporate early warning system shows that China's private banks...

wallstreetcnJan 16 21:08 ET

Bank of Communications Co., Ltd. Goes Ex Dividend Tomorrow

Seeking AlphaJan 16 15:15 ET

Bank of Communications' Chairman of Board of Supervisors Steps Down

MT NewswiresJan 16 04:14 ET

BANK OF COMMUNICAT To Go Ex-Dividend On January 17th, 2025 With 0.62368 USD Dividend Per Share

Moomoo NewsJan 15 20:00 ET

Bank Of Communications A shares will distribute a cash dividend of 0.182 yuan per share on January 24.

Bank Of Communications (03328) announced the implementation plan for A-share Dividends for the first half of 2024: A cash dividend of 0.182 yuan per share (including tax); the cash dividend distribution date is January 24, 2025.

Sina Hong Kong Stock.Jan 15 19:59 ET

Bank of Communications Announces Resignation of Board of Supervisors Chairman

TipRanksJan 15 08:09 ET

Bank Of Communications (03328): Xu Jiming resigned as the chairman of the supervisory board and as a shareholder supervisor.

Bank Of Communications (03328) announced that the chairman of its supervisors, Mr. Xu Jiming, will be adjusting his position, effective January 1, 2025...

Zhitong FinanceJan 15 07:54 ET

Express News | Bank of Communications - Xu Jimin , Chairman of Board of Supervisors No Longer Serves

ReutersJan 15 07:53 ET

The three major indices of the Hong Kong stock market continue to rise, with Banks and Semiconductors stocks performing brilliantly.

① How do the Institutions view the subsequent trends of Hong Kong stocks? ② What is the reason for the significant rise of WUXI XDC today?

cls.cnJan 15 03:36 ET

The minimum payment ratio for credit cards has hit a new low, with Bank Of Communications lowering it to 2% for certain customers, while several major banks still maintain 10%.

① Bank Of Communications plans to adjust the minimum repayment ratio for some credit card customers from 5% to 2% in the near future. ② Bank Of Communications is the first state-owned bank to make such an adjustment this year, and this repayment ratio is currently the lowest in the market. ③ Currently, the default minimum repayment ratio for most credit cards from Bank Of China, Industrial And Commercial Bank Of China, and Postal Savings Bank Of China is 10%; Agricultural Bank Of China has some credit card products at 5%, while others still operate at 10%.

cls.cnJan 14 06:41 ET

UBS Group: Expects the banking industry's interest margins to continue to face pressure in 2025, with state-owned banks performing better in the short term.

The UBS Group research team expressed the view that the Banks will face challenges in 2025, such as further declines in interest rates and a decrease in ROE.

Zhitong FinanceJan 13 17:59 ET

Banks' "Wealth Management Night Market" trend is rising again, and the incremental scale of bank wealth management may reach 2-3 trillion yuan by 2025.

① Wealth management companies and Banks are actively creating and establishing "wealth management night markets," breaking time limitations to meet more investors' needs; ② Against the backdrop of declining deposit interest rates, bank wealth management still has vast development space. In the next step, wealth management companies can continue to strengthen efforts in product innovation, channel innovation, and service model innovation.

cls.cnJan 10 02:30 ET

The transformation of the Banking Industry in adversity in 2024: the mud and dawn of the "light asset" vision.

How far is dawn?

wallstreetcnJan 8 09:41 ET

Zai Lab Secures 300 Million Yuan Debt Facility

MT NewswiresJan 5 20:07 ET

On the first trading day of the New Year, Bank stocks opened high and then fell back. Many Institutions: the opening performance may be better than in previous years, but the trend of declining net interest margin remains unchanged.

① The crediting ratio between each quarter is expected to recover to a ratio of 4:3:2:1. ② It is expected that policy trends will continue, gradually boosting demand in the Real Estate sector. ③ This year, the decline in net interest margin for Banks is narrower compared to 2024, with a calculated interest margin of 1.34% under neutral assumptions.

cls.cnJan 2 01:19 ET