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Banks' "Wealth Management Night Market" trend is rising again, and the incremental scale of bank wealth management may reach 2-3 trillion yuan by 2025.
① Wealth management companies and Banks are actively creating and establishing "wealth management night markets," breaking time limitations to meet more investors' needs; ② Against the backdrop of declining deposit interest rates, bank wealth management still has vast development space. In the next step, wealth management companies can continue to strengthen efforts in product innovation, channel innovation, and service model innovation.
The transformation of the Banking Industry in adversity in 2024: the mud and dawn of the "light asset" vision.
How far is dawn?
Industrial And Commercial Bank Of China (01398.HK) was Shareholding 0.155 billion shares by Ping An Insurance, involving approximately 0.756 billion Hong Kong dollars.
On January 8th, according to the latest equity disclosure information from the Stock Exchange, on January 2, 2025, the Industrial And Commercial Bank Of China (01398.HK) was increased by Ping An Insurance Company of China, Ltd. in the market at an average price of 4.8816 HKD per share, totaling approximately 0.155 billion shares, with an investment of about 0.756 billion HKD. After the increase, the latest number of shares held by Ping An Insurance Company of China, Ltd. was 13,907,000,142 shares, with the shareholding ratio rising from 15.84% to 16.02%.
CITIC Lyon: The strong performance of China Mainland Banking stocks may continue to be seen as a "safe haven."
Citi believes that the strength of China Mainland Banking is unlikely to end in the short term, and Banks may continue to be viewed as a "safe haven."
Industrial & Commercial Bank of China Fair Value Estimate Raised to HK$6.36 From HK$5.50 by OCBC Investment Research >1398.HK
Northbound capital trends | Northbound capital net buying totaled 9.269 billion HKD as domestic investors once again favored Hong Kong stock ETFs, with investments in TRACKER FUND OF HONG KONG (02800) exceeding 5 billion HKD.
On January 3rd, in the Hong Kong stock market, northbound capital had a net purchase of 9.269 billion Hong Kong dollars, of which the SH->HK Connect had a net purchase of 5.638 billion Hong Kong dollars, and the SZ->HK Connect had a net purchase of 3.631 billion Hong Kong dollars.