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Moomoo News01:00 ET

GF SEC: The proportion of Banks allocated by public Funds has greatly rebounded, with recovery logic becoming the main theme.

GF SEC released a Research Report stating that in Q4 2024, the proportion of bank holdings in actively managed public funds has significantly increased, and the underweight ratio has notably narrowed, mainly increasing positions in CM BANK and Jiangsu and Zhejiang city commercial banks.

Zhitong FinanceJan 23 02:42 ET

CIMC Completes Issuance of Two Medium-Term Bonds Worth 2 Billion Yuan

MT NewswiresJan 22 01:38 ET

Are Banks under pressure from interest margins looking to Overseas for profits? The 2025 annual plan reveals that Overseas Business may become a new highlight.

① The Industrial And Commercial Bank Of China stated that efforts should be made to explore a second growth curve for Overseas Operation; ② For companies going global, it means that both upstream and downstream industries are venturing overseas together, which means more Chinese enterprises are setting up factories and operating locally.

cls.cnJan 20 07:35 ET

CM BANK (03968) nominated Huang Yushan and Lu Liping as candidates for independent directors.

CM BANK (03968) announced that the Board of Directors meeting will be held on January 20, 2025, to review...

Zhitong FinanceJan 20 06:07 ET

Major Bank Rating | BOCI: Upgraded CM BANK Target Price to 49.72 HKD, with high profit growth last season.

CICC published a report indicating that CM BANK announced preliminary results for last year, with high profit growth and good asset quality, generally in line with the bank's expectations. According to the preliminary performance, CM BANK's net income attributable to shareholders increased by 1.2% year-on-year last year, which is about 0.7% lower than the bank's expectations. It was noted that the net profit attributable to shareholders for the fourth quarter grew by 7.6% year-on-year, while the third quarter grew by 0.8%, and the first three quarters decreased by 0.6% year-on-year. Meanwhile, the report stated that CM BANK's asset quality remained good, with non-performing loans only slightly increasing in the fourth quarter and provisions for non-performing loans still maintained at a high level. It is believed that CM BANK's average net assets last year...

Gelonghui FinanceJan 20 01:56 ET