Bank of Zhengzhou justifies the rationality of "no dividends for four years"

On the evening of June 24th, Bank of Zhengzhou (002936.SZ) announced that it had received the Inquiry Letter from the China Securities Investors Service Center, and responded to the small and medium shareholders' concern that the bank did not distribute cash dividends for four consecutive years despite profitability from 2019 to 2023, with net incomes of 3.168 billion yuan, 3.226 billion yuan, 2.422 billion yuan, and 1.85 billion yuan respectively attributable to shareholders of the listed company. However, in the Special Report released in March, the bank stated that it will consider the issue of profit distribution accordingly in the future.

wallstreetcnJun 25 09:00 ET

Brokerage Focus: Citic Securities - Continued Effects of Squeezing Water from Mainland Financials Index

Jingu Finance | CITIC Securities said that in May, China's mainland added 950 billion yuan in new renminbi loans, which was a decrease of 410 billion yuan year-on-year. The "squeezing of liquidity" by the central bank reduced the "idle" loans, and the effect of the optimization of real estate policies has not yet been transmitted to the financing demand side. In terms of credit structure, long- and medium-term loans for enterprises are relatively low, while bill financing is relatively high. The growth rate of social financing in May was 8.4%, up 0.1 percentage point from the previous month, mainly due to the accelerated issuance of government bonds. The net financing of government bonds in May was 1.22 trillion yuan, an increase of 668.2 billion yuan year-on-year. It is expected that government bonds can continue to support social financing in the coming months.

金吾財訊Jun 17 02:41 ET

“King of Outlets” Postbank Quarterly Report: Revenue increased 1.44% year over year, net profit fell slightly

The deposit interest rate for the first quarter decreased by 5 basis points compared to the end of the previous year

wallstreetcnApr 29 11:29 ET

“Post-70s” Yuan Jun plans to be the governor of the Bank of Jiangsu

On the evening of April 15, the Bank of Jiangsu issued an announcement. The board of directors of the company agreed to appoint Yuan Jun as the company's president and also agreed to Yuan Jun as a candidate for the company's director. Currently, his qualifications as governor are subject to approval by the supervisory authorities; proposals relating to the company's director candidates still need to be submitted to the company's shareholders' meeting for review and approval. According to his resume, Yuan Jun, male, born in 1971, has a college degree, is an economist, and is currently the deputy party committee secretary of the Bank of Jiangsu. Previously, Yuan Jun served as a non-bank clerk and inspection office clerk in the Jiangsu Branch Audit Office of the People's Bank of China, a clerk at the Nanjing Branch Inspector's Office of the People's Bank of China, and a discipline inspection inspector at the Inspector's Office (

wallstreetcnApr 15 06:37 ET

Agricultural Bank of China GAAP EPS of RMB 0.72

Seeking AlphaMar 28 13:54 ET

China Life Insurance Company Limited (CILJF) Q4 2023 Earnings Call Transcript Summary

The following is a summary of the China Life Insurance Company Limited (CILJF) Q4 2023 Earnings Call Transcript:Financial Performance:China Life reported total assets exceeding CNY5.8 trillion.Gross w

moomoo AIMar 28 13:42 ET · Conference Call