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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.
Ludashi (03601.HK) subordinates subscribed to CM Bank's 43 million yuan structured deposit products.
On August 7th, Ge Long Hui reported that Ludashi (03601.HK) announced an agreement for structured deposit products with CM Bank to fully utilize the group's idle funds to obtain better returns. On August 7, 2024, the company's subsidiary, Anyixun Technology, agreed to subscribe to CM Bank's RMB 43 million structured deposit product as a result. The subscription funds are the redeemed principal of the structured deposit product agreement XL.
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.
CM Bank (03968.HK) was sold 7.381 million shares by JPMorgan.
According to the latest equity disclosure information from the Stock Exchange, on July 29, 2024, JPMorgan Chase & Co sold 7.381 million shares of CM Bank (03968.HK) at an average price of HKD 32.0542 per share, involving about HKD 0.237 billion. After the sale, JPMorgan Chase & Co's latest holding of CM Bank shares decreased from 6.11% to 5.95%.
Citi: The four major domestic banks prefer Industrial and Commercial Bank of China, followed by China Construction Bank, China Merchants Bank, Bank of Communications and Postal Savings Bank.
JPMorgan released a report stating that it remains bullish on the performance of Chinese banks in the second half of the year. The bank has raised its target price for China Construction Bank (03988) from HKD 4 to HKD 4.2, for Agricultural Bank of China (00939) from HKD 6.55 to HKD 6.7, for China Merchants Bank (03968) from HKD 44 to HKD 46, for China Citic Bank Corporation (00998) from HKD 4.4 to HKD 4.55, and for Postal Savings Bank of China (01658) from HKD 4.3 to HKD 4.6. JP Morgan continues to favor the four major Chinese banks with stable profitability and high yield, preferring them in the following order: Industrial and Commercial Bank of China (01398), Agricultural Bank of China (0.
Guangzhou Development Issues 500 Million Yuan Medium-Term Bonds
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monthly : buy