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Zhongtai Securities: Why were bank stocks the top gainer in Q2?
The marginal inflow of various funds and the rare outflow of institutional funds have driven banks to rank first in terms of rising stocks.
CBHB (09668.HK) has appointed Hou Yong as the authorized representative in Hong Kong to receive legal process documents and notifications.
On July 31st, Geelong News reported that Ms Hou Yong has been appointed as the authorized representative of CBHB in Hong Kong to accept legal process documents and notices, in accordance with Rule 19A.13 of the Listing Rules of the Hong Kong Stock Exchange and Section 16 of the Company Regulations (Chapter 622 of the Laws of Hong Kong), effective from July 31st, 2024, due to an internal job transfer, replacing Mr. Wang Haifeng.
Banks stocks collectively perform well, with a 3.77% increase in Stanchart Group (02888). Institutional investors are bullish on the long-term value of sector allocation in banks.
Jin Wu Finance News | Banking stocks as a whole are performing well, with stanchart (02888) rising by 3.77%, jiangxi bank (01916) and bank of e asia (00023) rising by over 3%, cbhb (09668) rising by 2.17%, hang seng bank (00011), cm bank (03968) and hsbc holdings (00005) rising by over 1.5%. Dongxing research reports pointed out that they are bullish on the long-term value allocation of the banking sector and are concerned with performance elastic symbols in the short term. 1) Under the downward trend of the interest rate center, continue to be bullish on the value allocation of high dividend assets. Although the operation of banks is weak, their valuations are low,
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.
China Bohai Bank to Transfer Assets Worth Nearly 26 Billion Yuan Through Public Tender
Express News | China Bohai Bank - as at December 31, 2023, Principal Amount of Assets to Be Transferred Amounted to RMB25,605 Mln
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