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Banks have increased interest rates on consumer loans in advance, with more low-interest products hidden in the "discount track."
Indirect remarks highlight the "cost performance" even more.
Exclusive | Banks that stabilize foreign trade and foreign investment are taking action, with banks in coastal provinces responding to requests: for foreign trade enterprises, "no loan withdrawal, no loan interruption".
① Many Banks have actively taken action regarding "stabilizing foreign investment and foreign trade." From large state-owned banks to local urban commercial banks, several Banks are providing support to foreign trade enterprises in various ways based on their own advantages; ② Recently, banks in major foreign trade provinces along the Southeast Coast have received relevant requests to "not withdraw loans and continue lending" to local foreign trade enterprises.
The central bank and four other departments: Enhance the functions of the Cross-border Interbank Payment System (CIPS) and its Global network coverage.
① The plan proposes to enhance the functionality of the RMB cross-border payment system and its global network coverage, encouraging more Banks to join CIPS and continuously expand the coverage of the CIPS network. ② The plan also suggests optimizing the management model and business processes for Forex business, improving the Conglomerates' Global fund management system, expanding the functionality and application scenarios of free trade Accounts, and promoting Financial Institutions to enhance their digital service levels.
April LPR Quote is released: The rates for 1 year and above 5 years remain unchanged.
In April, the one-year and five-year loan market Quote in China remained unchanged.
CQRC BANK (03618.HK) will publish its Earnings Reports on April 25.
$CQRC BANK (03618.HK) will release its Earnings Reports on April 25, and investors are encouraged to pay attention. How were the previous results? In Q1 2024, the revenue was 7.125 billion yuan, Net income was 3.662 billion yuan, and EPS was 0.31 yuan. Futubull reminder: 1. There are no strict regulations on the fiscal year divisions for companies listed on the Hong Kong and US stock markets; it is entirely up to the enterprise to decide, so each reporting period can serve as the fiscal year-end for the company, rather than following the natural calendar year. 2. Generally, the company will hold an earnings conference on or around the date of the earnings report release.
Will it rise or not?
Caitong believes that whether or not the LPR is lowered, it may not necessarily drive interest rates to immediately break their previous lows. After all, the market has to navigate the trade-offs between the Sino-U.S. trade friction, the strength of a package of incremental policies, and the choice of monetary policy, with the combination of the three being dynamic and full of uncertainty.
Those Who Invested in Chongqing Rural Commercial Bank (HKG:3618) Five Years Ago Are up 8.6%
