600036 China Merchants Bank
- 33.68
- -0.02-0.06%
China Merchants Bank News
Bank stocks firmly hold the "iron throne"! The total market value of the six major banks surpasses that of the GEM, with multiple stocks reaching new highs this year.
①The total market value of the six major banks has increased from 6.64 trillion yuan at the end of last year to the current 8.79 trillion yuan, with a total market value increase of over 2 trillion yuan. ②The total market value of the chinext price index has decreased from 11.39 trillion yuan at the end of last year to the current 8.67 trillion yuan.
CM Bank (03968.HK) nominates Deng Renjie as a non-executive director candidate.
Gelonghui, August 27th - CM Bank (03968.HK) announced that the company held a board of directors meeting on August 27, 2024, and the meeting reviewed and unanimously passed the proposal on the nomination of non-executive directors of the twelfth board of directors, and agreed to nominate Mr. Deng Renjie as the candidate for non-executive director of the twelfth board of directors of the company.
CM Bank (03968) nominated Deng Renjie as a non-executive director candidate.
CM Bank (03968) released an announcement that the board of directors of the company reviewed and unanimously approved the "Nomination for the Twelfth Board of Directors...
CM Bank (03968.HK): Shi Dai's directorial qualifications have been approved.
Gelonghui August 26th, cm bank (03968.HK) announced that the company has received the "Reply of the China Banking and Insurance Regulatory Commission on the Qualification of Director of Shidai cm bank" (Jin Fu [2024] No. 542). According to the above reply, Ms. Shidai's qualification as a director of cm bank has been approved. Ms. Shidai's tenure as a non-executive director of the company shall be effective from the approved date of August 23, 2024, until the expiration of the twelfth board of directors of the company.
Cm Bank (03968.HK) received a shareholding of 19.6901 million shares from JPMorgan.
According to the latest equity disclosure data from the Stock Exchange of Hong Kong, on August 19, 2024, cm bank (03968.HK) obtained JPMorgan Chase & Co. to increase its shareholding by purchasing 19.6901 million shares at an average price of HKD 33.5726 per share, with a total investment of approximately HKD 0.661 billion. After the increase, the latest holding of good shares by JPMorgan Chase & Co. is 286,082,640 shares, and the proportion of holding good shares has increased from 5.80% to 6.23%.
A new round of interest rate cuts for deposits is about to end its first month: small and medium-sized banks continue to follow suit, and some banks have made a second adjustment within the month. Is there still room for further cuts?
① In the context of market interest rate decline, banks are facing continuous pressure to narrow their net interest margin. Some banks have directly lowered deposit interest rates, while others have adjusted them in a phased manner. ② The phenomenon of inverted deposit interest rates is the result of the combined effects of macroeconomic conditions, bank operational strategies, policy guidance, and market expectations.
Express News | China Merchants Bank's Former Vice President Ding Wei Under Investigation for Suspected Severe Violation of Law and Discipline - Local Watchdog Statement
What is the reason for the year-on-year decrease in net profit of some private banks? The Financial Regulatory Bureau responded.
Liao Yuanyuan said that the net income growth rate of private banks has experienced negative growth. Mainly because these banks have significantly increased their provisions compared to the same period last year, which directly affects the current profits and leads to a temporary decline in net income of private banks.
China Longyuan Power Issues 4 Billion Yuan Mid-Term Bonds
Who is buying banks according to Xingye Securities?
The banking sector has performed well this year, as of August 19th, the Shenwan Bank Index has increased by 19.08%, ranking first among all 31 first-tier industries, with returns exceeding second place by 10%. Among them, the stock prices of the five major banks, including ICBC and China Construction Bank, have set new highs.
August LPR quote remaining unchanged meets market expectations. Industry experts predict that the main policy interest rate in the fourth quarter may be cut again, which will guide LPR to adjust accordingly.
Last month, the two LPR quotes for different maturity varieties were just lowered by 10 basis points respectively. In addition, the main policy interest rate of the central bank before this quote (7-day reverse repo rate) remained stable. Therefore, the unchanged LPR quotes for the two maturities in August are in line with market expectations.
CM Bank (03968.HK) plans to hold a board of directors meeting on August 29 to approve its interim performance.
CM Bank (03968.HK) announced on August 19th that the board of directors has scheduled a board meeting for Thursday, August 29th, 2024 to review and approve the company's six-month interim performance announcement ending on June 30th, 2024, including considering recommendations for distributing interim dividends (if any).
CM BANK: DATE OF BOARD MEETING
Capital clustering! Hong Kong stocks' mainland banking shares fluctuate and rise, institutions say there is still room for improvement in industry dividend yields.
What are the points to pay attention to for the fluctuation and rise of China mainland banking stocks in the Hong Kong stock market? Will there be any impact on the market from the institutions claiming that the dividend payout ratio of banks still has room for improvement?
Huaneng Power International Issues 1.3 Billion Yuan Mid-Term Bonds
Banks are intensively launching deposit benefits campaigns, and the effort to attract deposits is increasing. Can the idea of "high interest to attract deposits" be continued?
- With the further reduction of deposit interest rates and the emergence of deposit migration phenomenon, many banks have launched a series of deposit-related welfare activities to attract and stabilize deposits. - Experts believe that attracting deposits with welfare and gifts still has the suspicion of "high-interest deposits", which will inevitably increase the liabilities cost of some banks. Therefore, banks need to closely follow the pain points of customer preferences to improve the quality of financial services.
South-North Water | Net South Water's purchases of A-shares exceeded 12.2 billion, and they increased their holdings in Ping An Insurance; North Water has been buying Xiaomi for 15 consecutive days.
Track the latest trends of north-south directional funds.
Hong Kong stocks closed (08.15) with a slight drop of 0.02% in the Hang Seng Index. Network technology stocks performed weakly, while coal, pharmaceutical, and financial stocks were active.
July's important economic data has been released, and Hong Kong stocks opened low and then rose, with the Hengkang index rising more than 1% at one point. The afternoon saw a gradual narrowing of the increase, with the Hang Seng Index and the Hengkang Index turning green one after the other.
Hong Kong stocks surged, with CM Bank (03968) up nearly 4%, leading the way in China mainland banking. High dividends still remain the long-term investment logic in the sector.
China mainland banking stocks rose in early trading. As of press time, cm bank (03968) rose 3.4% to HKD 33.45; industrial and commercial bank of china (01398) rose 1.56% to HKD 4.56; postal savings bank of china (01658) rose 1.44% to HKD 4.22; china construction bank corporation (00939) rose 1.09% to HKD 5.57.
As of the end of the second quarter, the total assets of domestic and foreign currency of China's banking and financial institutions amounted to 43.31 trillion yuan, a year-on-year increase of 6.6%.
On August 9th, the China Banking and Insurance Regulatory Commission released the main regulatory indicators data for the banking and insurance industry in the second quarter of 2024.
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