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The Japanese yen is strong against the US dollar, and traders are betting on a major turning point that will eventually come.
As more and more people expect the yield differential between Japan and the United States to narrow, there are increasing signs of a turning point in the yen. On Thursday, the yen/dollar exchange rate rose more than 1%, continuing the momentum of the significant rebound from the lowest levels since the 1980s over the past two weeks. Japan's obvious intervention measures to support the yen, significant reduction in yen short-selling by hedge funds, and closure of arbitrage trades that have been suppressing the yen have all pushed up the yen. Whether the yen's rise will be a turning point may depend on the decisions of the Bank of Japan and the Federal Reserve next week. About 90% of Bank of Japan watchers think that the Bank of Japan may
China Longyuan Power Issues 2.6 Billion Yuan Ultra-Short-Term Bonds
China Longyuan has completed the issuance of ultra-short-term financing bonds.
China Longyuan (00916) issued a statement that the company has completed the issuance of its super short-term commercial paper (this commercial paper) on July 23, 2024. The total amount of this commercial paper is RMB 2.6 billion yuan, with a term of 210 days, a unit face value of RMB 100 yuan, and a coupon rate of 1.75%. Interest will be calculated from July 24, 2024. Industrial Bank Co., Ltd. acted as the lead underwriter for the public offering of this commercial paper. The funds raised from this commercial paper will be mainly used to repay interest-bearing debts of the issuer and its subsidiaries, as well as to supplement the working capital of the issuer and its subsidiaries.
Lvji Tech: Shanghai Pudong Development Bank will grant 10 million yuan financing to Lvji International.
Lvji Tech (01745) announced that on June 20, 2024, its wholly-owned subsidiary, Lvji Tech Group Co., Ltd., and the Dongguan Branch of Industrial Bank Co., Ltd. signed a fixed asset loan agreement, with Industrial Bank granting a loan of 43 million yuan to Lvji Tech for the purpose of paying for the data collection expenses of the online electronic navigation intangible asset project purchased by Lvji Tech and Guangzhou Lvji Digital Technology Co., Ltd. On the same day, Lvji Digital, a wholly-owned subsidiary of Lvji Tech, and Industrial Bank also signed a fixed asset loan agreement, with Industrial Bank granting a loan of 43 million yuan to Lvji Digital for the purpose of paying for the expenses incurred by Lvji Tech and Lvji Digital.
swhy: Grasping the certainty of undervalued banks' performance bottoming out.
Whether it is the fund-driven approach in the low-dividend and low-volatility strategy or the fundamental changes in profit stability and marginal improvement, the banking sector will gain relatively considerable absolute and relative returns throughout the year. It is advisable to actively invest at this point.
Industrial Bank (SHSE:601166) Investors Are Sitting on a Loss of 0.6% If They Invested Three Years Ago
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