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Zhongtai: The senior law significantly saves bank capital, and under the improved market preference, attention is paid to the performance of quality banks.
Zhongtai stated that the regulatory authorities have relaxed the acceptance of advanced capital method applications. Based on the case of China Merchants Bank, the advanced method significantly saves capital, with a core Tier 1 capital adequacy ratio about 2 percentage points higher than the weighted method. If the top tier listed banks subsequently implement the advanced method, it is expected to increase the core Tier 1 capital adequacy ratio of the top tier listed banks by more than 1 percentage point.
The no-card deposit and withdrawal business continues to tighten, with about 20 banks officially announcing adjustments to the business, leading to diffusion among small and medium banks since November.
① Since November, about 20 banks have announced restrictions on cardless deposit and withdrawal services. Throughout the year, at least 50 various banks, including state-owned banks, joint-stock banks, and small to medium-sized banks have successively announced tightened cardless services. ② From the announcements released by each bank, their reasons for adjusting cardless services are basically consistent—risk control.
Major banks rating | Citigroup: Next year prefers defensive high dividend yield large banks, with a first choice of China Construction Bank and Chongqing Commercial Bank.
Citigroup released a research report stating that next year is an important year for china mainland banking to raise capital, combined with geopolitical risks and the potential lack of clear effects from fiscal stimulus policies. Therefore, next year favors defensive high dividend yield large banks. Citigroup estimates that the six china mainland banking will experience dilution of capital once, and there will be no further capital raising in the foreseeable future. Due to the Ministry of Finance relying on the six major banks' dividends to repay debt, it is expected that the six major banks' profit growth will be stable, with a stable dividend payout ratio. The bank stated that the top choices for china mainland banking H shares are China Construction Bank Corporation and cqrc bank.
Chongqing Rural Commercial Bank Plans Dividend Distribution
cqrc bank (03618) will distribute a mid-term dividend of 1.944 yuan per 10 shares on January 23, 2025.
cqrc bank (03618) announced that the company will distribute interim dividends on January 23, 2025...
CQRC BANK: NOTICE OF THE 2024 FIRST EXTRAORDINARY GENERAL MEETING