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Bank of China's Executive Vice President Resigns
Bank of China: Lin Jingzhen Resigned as Executive Director Due to Age, Effective Jan. 7
Bank Of China (03988): Lin Jingzhen resigns as Executive Director.
Bank Of China (03988) announced that the Board of Directors received the resignation letter from Lin Jingzhen. Lin Jingzhen resigned due to age reasons...
Express News | Bank of China - Lin Jingzhen Has Resigned as Executive Director
On the first trading day of the New Year, Bank stocks opened high and then fell back. Many Institutions: the opening performance may be better than in previous years, but the trend of declining net interest margin remains unchanged.
① The crediting ratio between each quarter is expected to recover to a ratio of 4:3:2:1. ② It is expected that policy trends will continue, gradually boosting demand in the Real Estate sector. ③ This year, the decline in net interest margin for Banks is narrower compared to 2024, with a calculated interest margin of 1.34% under neutral assumptions.
Hong Kong stocks moved strangely | China Mainland Banking stocks collectively fell as government bond yields reached new lows, Institutions expect the revenue from banks' asset side to remain under pressure.
China Mainland Banking stocks collectively fell. As of the time of writing, Industrial And Commercial Bank Of China (01398) dropped 3.26% to 4.89 Hong Kong dollars; China Construction Bank Corporation (00939) fell 2.82% to 6.09 Hong Kong dollars; Bank Of Communications (03328) decreased by 2.66% to 6.22 Hong Kong dollars; China Galaxy (03988) declined 1.26% to 3.92 Hong Kong dollars.
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