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The Ministry of Finance actively supports the large state-owned commercial Banks in replenishing their core Tier 1 capital.
① The Ministry of Finance will issue the first batch of 500 billion yuan special government bonds in 2025, which will be used to support the Bank Of China, China Construction Bank Corporation, Bank Of Communications, and Postal Savings Bank Of China in replenishing their core Tier 1 capital; ② Currently, state-owned large commercial banks are operating steadily, with stable asset quality and sufficient provisions. Supplementing capital through special government bonds will enhance their robust operational capability, promote high-quality development, and better serve the real economy.
Brokerage morning meeting highlights: Focus on economic performance exceeding expectations or new catalysts in Technology, and emphasize structural opportunities in Technology and the pro-cyclical main line.
At today's Brokerage morning meeting, China Securities Co.,Ltd. suggested focusing on the economy exceeding expectations or new catalysts in Technology, emphasizing structural opportunities in Technology and pro-cyclical main lines; KSY Securities believes that the overall Hong Kong stock market has not yet entered a full bull market rally stage; HTSC stated that the overall lithium battery production scheduling in April has improved month-on-month, Bullish on the marginal continuous improvement of supply and demand in the Industry Chain.
Chongqing Rural Commercial Bank (HKG:3618) Ticks All The Boxes When It Comes To Earnings Growth
The "Banks selling private placements" new regulations must pay attention to these six core impacts, which also involve Famous Fund Hold Position managers "going private."
① New regulations for Banks' agency sales products have been implemented, with private placement becoming the biggest highlight; ② Raising the threshold and standardizing the entire sales process, with the head office being responsible, emphasizing 'strictness'; ③ Protecting investors throughout the process, with older products gradually exiting.
Chongqing Rural Commercial Bank 2024 Profit Up 6%, Revenue Rises 1%
Bank of America Securities: Lowers the Target Price for CQRC BANK to HKD 5.41 and reaffirms the rating as "Buy".
Bank of America Securities released a Research Report indicating that CQRC BANK (03618) had a net profit increase of 5.6% year-on-year last year, which is 1.7% lower than the bank's expectations; pre-provision profit increased by 3.8%, surpassing the expectation of 1.8%. The bank has lowered its profit forecast for the Agricultural Bank by 1 to 3%, and reduced this year's average ROE forecast from 9.7% to 9.3%. Consequently, the Target Price has been decreased from 5.42 HKD to 5.41 HKD. Due to solid core earnings, attractive valuations, and a high dividend yield, it reiterates the 'Buy' rating.
Those Who Invested in Chongqing Rural Commercial Bank (HKG:3618) Five Years Ago Are up 8.6%
