The central bank's discussions with some "aggressive trading" Institutions have shaken the market; who are the Block Orders in this round of bond bull market? State-owned large banks have received the most "attention".

① The central bank's morning consultations mainly involved Institutions based in Beijing, with very few Institutions from other cities attending the meeting, including cities like Shanghai where asset management Institutions are concentrated. ② In the past two weeks, the Block Buy Institutions for 10-year government bonds have shifted from Fund to Banks. ③ As incremental policies come into effect, the likelihood of economic stabilization increases, necessitating a reduction in expectations for the bond market in 2025.

cls.cnDec 18 08:24 ET

Interest rates can reach 3%! Small and medium-sized Banks have densely launched high-interest products such as large-denomination certificates of deposit and special deposits. How will the pressure for short-term deposit strategies be relieved in the futu

① Some small and medium-sized Banks have engaged in such behavior, which somewhat contradicts the current downward trend of deposit interest rates, possibly being a short-term strategy taken to meet the funding Indicators in the short term. ② The overall trend of deposit interest rates may continue to decline in the future, and the recent rapid decline in bond market interest rates may also face some adjustments.

cls.cnDec 18 04:53 ET

Encouraging to "seize the opportunities of moderately loose MMF policy," many local officials are intensively researching local Banks at the end of the year, is a good start for next year to be expected.

① In discussions with local officials, frequently mentioned keywords include comprehensive, accelerated, risk, and servicing the local economy. ② For Financial Institutions, "the moderately loose monetary policy from the central government brings opportunities while also posing challenges." ③ If some mechanisms for due diligence exemption can be provided, it is expected to ease the lending pressure on Banks.

cls.cnDec 18 04:09 ET

CMB International and Vision Capital plan to jointly subscribe for 21.553 million shares of ENVISION GREEN.

On December 16, the Board of Directors of ENVISION GREEN (01783) announced that on December 13, 2024, after the close of the Hong Kong Stock Exchange, ENVISION GREEN entered into subscription agreements with CMB International Global Products Limited and Vision Capital Limited, with the two subscribers subscribing for 8.22 million shares and 13.333 million shares, respectively, totaling 21.553 million shares. The subscription price per share is HKD 6.00, which represents a slight discount of 9.94% to the average closing price of the last five trading days as of the date of the agreement.

Sina Hong Kong StocksDec 16 19:33 ET

CM BANK (03968.HK) received a Shareholding increase of 1.2141 million shares from JPMorgan.

Gelonghui, December 16 - According to the latest equity disclosure information from the Hong Kong Stock Exchange, on December 9, 2024, CM BANK (03968.HK) had its shareholding increased by JPMORGANCHASECO at an average price of HKD 37.8226 per share, with an increase of 1.2141 million shares, involving approximately HKD 45.9186 million. After the increase, the latest number of shares held by JPMORGANCHASECO is 230,051,739 shares, with the shareholding ratio rising from 4.98% to 5.01%.

Gelonghui FinanceDec 15 18:23 ET

The interest rates of the same industry certificates of deposit are rapidly declining, and under "moderately loose" conditions, there is hope to drop to 1.30%.

1. After the improvement in MMF transmission efficiency, the CD interest rate and the 7-day OMO rate will integrate within the next year. 2. Due to the faster decline of long-term bonds, the spread between the 10Y government bond and the 1Y CD has been compressing, and is currently at 13BP.

cls.cnDec 13 05:18 ET