Are Banks under pressure from interest margins looking to Overseas for profits? The 2025 annual plan reveals that Overseas Business may become a new highlight.

① The Industrial And Commercial Bank Of China stated that efforts should be made to explore a second growth curve for Overseas Operation; ② For companies going global, it means that both upstream and downstream industries are venturing overseas together, which means more Chinese enterprises are setting up factories and operating locally.

cls.cnJan 20 07:35 ET

CM BANK (03968) nominated Huang Yushan and Lu Liping as candidates for independent directors.

CM BANK (03968) announced that the Board of Directors meeting will be held on January 20, 2025, to review...

Zhitong FinanceJan 20 06:07 ET

Major Bank Rating | BOCI: Upgraded CM BANK Target Price to 49.72 HKD, with high profit growth last season.

CICC published a report indicating that CM BANK announced preliminary results for last year, with high profit growth and good asset quality, generally in line with the bank's expectations. According to the preliminary performance, CM BANK's net income attributable to shareholders increased by 1.2% year-on-year last year, which is about 0.7% lower than the bank's expectations. It was noted that the net profit attributable to shareholders for the fourth quarter grew by 7.6% year-on-year, while the third quarter grew by 0.8%, and the first three quarters decreased by 0.6% year-on-year. Meanwhile, the report stated that CM BANK's asset quality remained good, with non-performing loans only slightly increasing in the fourth quarter and provisions for non-performing loans still maintained at a high level. It is believed that CM BANK's average net assets last year...

Gelonghui FinanceJan 20 01:56 ET

Research Reports Mining丨CICC: CM BANK's performance in Q4 2024 exceeded market expectations, maintaining an "outperform Industry" rating.

The research report from China International Capital Corporation indicates that CM BANK (600036.SH) expects a 0.47% year-on-year decrease in revenue for 2024, while the revenue in Q4 2024 is projected to increase by 7.59% year-on-year. The net income attributable to shareholders is expected to grow by 1.22% year-on-year for the whole year, with a 7.63% year-on-year increase in Q4 2024, surpassing market expectations. The bank believes that: 1) The interest rate cut expectations will drive a bond bull market, leading to substantial growth in other non-interest income; 2) The company’s business capabilities are underestimated, with client and asset potential gradually being released; 3) Focused operation on high-quality customer groups, while the market has overestimated the risks of retail exposure, with bad debt generation and credit cost expenditures remaining stable. Looking ahead, the recommendation is reaffirmed.

Gelonghui FinanceJan 20 01:48 ET

The Banks wealth management market welcomes a "big year": the existing scale reaches 29.95 trillion, and the number of investors is 0.125 billion.

The year 2024 is a significant year for the Banks' wealth management market in our country, with scale and users continuing to maintain a steady growth trend.

Gelonghui FinanceJan 19 23:20 ET

Banks are "short of money," and the yield on interbank certificates of deposit has surpassed that of 10-year government bonds, with the scale of maturing certificates of deposit nearing 6 trillion in the first quarter.

① The recent abnormal situation of banks lacking liabilities is also related to the outflow of non-bank deposits caused by the new self-regulation rules at the end of November 2024. ② The funding situation this morning has improved significantly compared to the past two days, but it remains relatively tight.

cls.cnJan 17 01:05 ET