Hong Kong stocks fluctuate | CM Bank (03968) falls more than 4%, leading the decline in China Mainland Banking. The central bank optimizes the interest rate system, but the interest rate spread of banks still continues to narrow.

China mainland banking stocks continued to decline in the morning session. As of press time, CM Bank (03968) fell 4.2%, to HKD 31.95; Minsheng Bank (01988) fell 3.94%, to HKD 2.68; Bank of Communications (03328) fell 2.93%, to HKD 5.64; and China Construction Bank Corporation (00939) fell 2%, to HKD 5.39.

Zhitong Finance38minutes ago

Goldwind Science & Technology Sells 750 Million Yuan of 159-Day Bonds

MT NewswiresJul 24 08:58 ET

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

CICC suggests focusing on China Construction Bank Corporation, Agricultural Bank of China, CM Bank, and HSBC Holdings.

CICC released a research report on statistics and valuations of public bank stock funds in the second quarter. The position of bank stock funds was 2.64%, up 0.28 percentage points quarterly, mainly due to the good performance of bank stocks. A-share and H-share banks have risen by 26.3% and 19.4% respectively since the beginning of the year, with state-owned banks and some regional banks performing well. Currently, the overall banking sector is still underallocated by funds by about 10.5 percentage points, which is a historically high level of underallocation, indicating that there is still room for bank stocks to increase their positions. The report mentioned that Northbound funds flowed into CM Bank (03968) and Pufa Bank, while Southbound funds flowed into state-owned banks. In the past 3 years,

新浪港股Jul 23 05:51 ET

CM Bank (03968.HK) faces a shareholding reduction of 6.9068 million shares by JPMorgan.

According to the latest equity disclosure information from the Hong Kong Stock Exchange, on July 16, 2024, CM Bank (03968.HK) was reduced by JPMorgan Chase & Co. at an average price of 34.5944 Hong Kong dollars per share, with a total of 6.9068 million shares, involving about 0.239 billion Hong Kong dollars. After the reduction, JPMorgan Chase & Co.'s latest holding amount is 271,740,537 shares, and the ratio of holding shares has decreased from 6.06% to 5.91%.

Gelonghui FinanceJul 22 18:52 ET

CM Bank (03968.HK): Zhou Song resigns as non-executive director.

On July 19th, Gelunhui reported that cm bank (03968.HK) announced that the board of directors received the resignation letter of non-executive director Zhou Song. Due to job changes, Zhou Song has requested to resign from his positions as non-executive director, member of the board's Strategic and Sustainable Development Committee, and member of the board's Audit Committee. Zhou Song's resignation will take effect on July 19, 2024.

Gelonghui FinanceJul 19 05:37 ET