gf sec: Fiscal issuance expenditures have entered an accelerated phase. In 2025, the banking sector is transitioning from asset scarcity to recovery trade.

With incremental fiscal policies being implemented, a strong round of fiscal expansion is expected from Q4 2024 to Q2 2025, which will drive improvements in corporate profits and market expectations.

Zhitong FinanceDec 3 03:17 ET

Zhongtai: The senior law significantly saves bank capital, and under the improved market preference, attention is paid to the performance of quality banks.

Zhongtai stated that the regulatory authorities have relaxed the acceptance of advanced capital method applications. Based on the case of China Merchants Bank, the advanced method significantly saves capital, with a core Tier 1 capital adequacy ratio about 2 percentage points higher than the weighted method. If the top tier listed banks subsequently implement the advanced method, it is expected to increase the core Tier 1 capital adequacy ratio of the top tier listed banks by more than 1 percentage point.

Zhitong FinanceDec 2 18:56 ET

Haitong Int'l: Maintains the "Outperform Market" rating on CM Bank (03968) with the target price raised to 43.93 HKD.

Haitong Int'l expects that in the fiscal years 2024 to 2026, China Merchants Bank's growth rates of net income attributable to shareholders will be -0.2%, +3.2%, and +3.9%, respectively.

Zhitong FinanceDec 2 03:23 ET

The no-card deposit and withdrawal business continues to tighten, with about 20 banks officially announcing adjustments to the business, leading to diffusion among small and medium banks since November.

① Since November, about 20 banks have announced restrictions on cardless deposit and withdrawal services. Throughout the year, at least 50 various banks, including state-owned banks, joint-stock banks, and small to medium-sized banks have successively announced tightened cardless services. ② From the announcements released by each bank, their reasons for adjusting cardless services are basically consistent—risk control.

cls.cnDec 1 22:42 ET

CM Bank (03968): Li Menggang resigns as an independent non-executive director.

cm bank (03968) announced that Li Menggang and Liu Qiao are resigning from their positions as independent non-executive directors due to the expiration of their terms and are now submitting their resignations to the board of directors...

Zhitong FinanceNov 29 05:57 ET

China Merchants Port Issues 2 Billion Yuan in 180-Day Debts

MT NewswiresNov 25 03:06 ET