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Liu Yonghao once again trusts minsheng bank
Why add more investment?
Rare! This rural commercial bank is offering a 5-year fixed deposit interest rate of 1.5%, which is lower than the 1.55% level of state-owned banks. It is referred to as a "case" in the industry.
①Recently, Wuxiang Rural Commercial Bank adjusted the deposit execution interest rates, lowering the execution interest rates for personal fixed-term deposits of two years, three years, and five years to 1.5%, with the five-year execution interest rate being lowered below the lowest level of the state-owned banks' published rates. ②The phenomenon of the aforementioned rural commercial bank reducing rates beyond the mid- to long-term levels of state-owned banks is still considered an isolated case.
The next stage of revenue growth still faces pressure! Minsheng Bank's earnings conference revealed: risks in micro, retail credit are rising, with the adjustment amount of existing mortgage interest rates reaching approximately 380 billion yuan.
In the first three quarters, minsheng bank's revenue and net income attributable to the parent decreased by 4.37% and 9.21% respectively year-on-year. Management openly stated that the company's revenue growth will still face certain pressure in the next stage. minsheng bank took the initiative to centrally and uniformly adjust the inventory housing loans that meet the conditions, with a total of approximately 0.5 million adjustments and an adjusted amount of approximately 380 billion yuan, with a reduction of 37 basis points.
Banks' dormant account cleanup is gradually extending to corporate accounts. This rural commercial bank announced that it will clean up long-suspended accounts of units, and many other banks are also handling this.
On the morning of November 20, Jinchang Rural Commercial Bank announced that it will clean up and close some unit bank settlement accounts that have been inactive for a long time. Recently, some banks have adopted similar practices to Jinchang Rural Commercial Bank, including Dangyang Rural Commercial Bank, China Construction Bank Weifang Branch, Bank of Nanjing.
The unchanged LPR in November meets market expectations. Industry insiders do not rule out the possibility of further interest rate cuts next year along with the reverse repurchase rate.
① By the end of the year, the economic running is expected to continue its upward trend, with policy interest rates likely to remain stable and LPR quote also expected to stay unchanged. ② There is a high possibility of further reductions in deposit rates in the future, coupled with the issuance of special treasury bonds to support large state-owned commercial banks in replenishing their core tier one capital, which is expected to gradually alleviate the interest spread and operational pressure for commercial banks. It is possible that next year the LPR quote may be accompanied by further interest rate cuts on reverse repurchase agreements.
Minsheng Bank plans to have New Hope Liuhe increase its shareholding through the secondary market.
Minsheng Bank (01988) issued an announcement that the 'Proposal of China Minsheng Bank Co., Ltd. on the Investment by New Hope Chemical Investment Co., Ltd. in the Bank' has been approved at the second interim meeting of the ninth board of directors of the bank. According to relevant regulations, the bank will submit an approval application to the China Banking and Insurance Regulatory Commission for shareholder changes of 5% or more. New Hope Group Limited is bullish on the long-term development of the bank. Its subsidiary, New Hope Chemical Investment Co., Ltd. (referred to as 'New Hope Chemical'), plans to increase its shareholding in the bank through the secondary market, with the method of shareholding being centralized bidding and block trading. As of the date of this announcement, New Hope
Investors in China Minsheng Banking (SHSE:600016) Have Unfortunately Lost 16% Over the Last Five YearsNo Data
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