Citic Sec: Banks sector is expected to continue to recover positions, recommending two main lines.

As of Q2 2024, banks accounted for 2.45% of the heavyweight stocks held by active funds, up 0.21pct from Q1 2024.

Zhitong FinanceJul 23 20:30 ET

Investing in Chongqing Rural Commercial Bank (HKG:3618) a Year Ago Would Have Delivered You a 57% Gain

Simply Wall StJul 23 19:03 ET

Zhongtai Securities: A new round of deposit rate cuts is expected, posing strong support for investment in bank stocks.

Judging from the recent adjustments to LPR and deposit rates, the central bank will adjust the listed deposit rates twice after two LPR reductions, and there have been two interest rate cuts since the beginning of this year. A new round of deposit rate cuts is expected.

Zhitong FinanceJul 23 03:28 ET

Orient Securities: It is expected that banks' mid-year reports may show a marginal improvement trend. Pay attention to the possibility of Q3 fiscal acceleration.

It is expected that banks will show marginal improvement in their mid-year reports compared to their first quarter reports; at the same time, considering the current economic situation, the status of real demand, and the relatively slow fiscal rhythm in the first half of the year, attention should be paid to the possibility of speeding up the fiscal rhythm in Q3.

Zhitong FinanceJul 23 02:27 ET

Unusual movements observation | China mainland banking generally rose, the impact of interest rate cuts on bank interest spreads is limited, and state-owned banks are considering lowering deposit listing rates.

On July 23rd, China mainland banking stocks generally rose, as of press time, CQRC Bank (03618.HK) rose 3.63%, reported HKD 4.00; Bank of Chongqing (01963.HK) rose 2.6%, reported HKD 5.13; Agricultural Bank of China (01288.HK) rose 2.35%, reported HKD 3.48; Postal Savings Bank of China (01658.HK) rose 2.19%, reported HKD 4.20; Bank of Communications (03328.HK) rose 1.94%, reported HKD 5.77. Quote source: Futubull. On July 22nd, the latest news

Futu NewsJul 22 23:10 ET · Movers

Bank stocks are rising collectively. Bank of Chongqing (01963) rose by 2.8%. Institutions point out that interest rate cuts are not bad for the mid-term fundamentals of banks.

Jinwu Finance News | Bank stocks rise collectively, cqrc bank (03618) up 3.63%, bank of chongqing (01963) up 2.8%, agricultural bank of china (01288) up 2.65%, postal savings bank of china (01658) up 2.19%, bank of communications (03328) up 2.12%, industrial and commercial bank of china (01398) up 2.1%, china citic bank corporation (00998) up 1.98%. GF Sec stated that in the short term, LPR cuts will reduce bank interest rate spreads. If the central bank hedges or the government launches fiscal stimulus, bond yield spreads may widen and interest rate pressure may be alleviated.

金吾財訊Jul 22 22:56 ET