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A-share listed banks' semi-annual report: 41 banks continue to explore interest rate spreads, 12 banks experience negative growth in net income. The window for another round of interest rate cuts for existing housing loans has opened, posing a potential c
① In the first half of the year, the net interest margin of 41 banks collectively declined, with 9 banks experiencing a decrease of 2% or more in their interest margin compared to the same period last year; there were as many as 12 banks with a negative growth in net income attributable to the parent, an increase of 7 compared to the same period last year. ② Experts believe that the continued narrowing of the net interest margin has put certain pressure on the profitability of banks, and the possible reduction of interest rates for existing housing loans in the near future will further challenge the interest margin of banks and increase operating pressure.
Vanke: In the first half of the year, 612 billion yuan was newly financed and refinanced.
On the evening of August 30th, Zhu Xu, the secretary of the board of directors of Vanke Group, said in the mid-term performance presentation of Vanke Group in 2024 that the company had added refinancing of 61.2 billion yuan in the first half of the year (with a total repayment of 52.4 billion), and the comprehensive cost of new financing was 3.66%, with the domestic cost being 3.60%, reaching a historic low. The financing model continues to transform. The total amount of operating property loans reached 21.9 billion yuan, with 15 billion yuan being newly added on-balance sheet. A total of 175 projects were reported following the principle of "reporting all that is necessary" for the "white list" projects. Consortium loans are progressing in an orderly manner, and in May, they obtained 20 billion yuan consortium loan led by CM Bank; this...
Hong Kong stocks closed (08.30) | Hang Seng Index rose by 1.14%. Autos, real estate, brokerage stocks showed strength, while China mainland banking stocks once again came under pressure.
Hong Kong stocks surged today, with all three major indexes rising throughout the day. The Hang Seng Index broke the 18,000 mark during the day, while the Hang Seng Tech Index rose more than 4% in the afternoon.
Hong Kong stocks undergo abnormal trends | China Mainland banking continues to decline, with banks' net profits generally declining in the first half of the year. Morgan Stanley points out that the long-term trend of high-yield stocks remains unchanged.
China Mainland Banking continues to fall, as of the time of publication, CM Bank (03968) fell by 4.29%, to HK$32.35; Industrial and Commercial Bank of China (01398) fell by 3.03%, to HK$4.28; Postal Savings Bank of China (01658) fell by 2.8%, to HK$4.17.
Banks' stocks are experiencing a "rare" big drop, JPMorgan: There is no reason for it!
JPMorgan believes that the trend of funds flowing into high-yielding stocks will continue, and the performance of bank stocks is not significantly below expectations. The performance growth rate of JPMorgan, Bank of Communications, Ningbo Bank, and China Citic Bank in the first half of 2024 and expected earnings for the fiscal year 2024 are still on track, so there is no need to overly worry about banks reducing dividends due to capital pressure.
China Merchants Bank's H1 Profit Slips
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monthly : buy