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.

新浪港股19:24 ET

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.

Zhitong FinanceJul 15 04:47 ET

Industrial Bank (SHSE:601166) Investors Are Sitting on a Loss of 0.6% If They Invested Three Years Ago

No-one enjoys it when they lose money on a stock. But it can difficult to make money in a declining market. While the Industrial Bank Co., Ltd. (SHSE:601166) share price is down 17% in the last

Simply Wall StJul 12 20:07 ET

Industrial Bank (601166.SH): Completes the issuance of 20 billion yuan of second-tier capital bonds due in 2024.

On July 11th, Gelonghui reported that Industrial Bank (601166.SH) announced that with approval from the China Banking and Insurance Regulatory Commission and the People's Bank of China, the company successfully issued its second-tier capital bonds in the national interbank bond market on July 10, 2024. The total amount of bonds issued was RMB 20 billion yuan, with a ten-year maturity and a redeemable feature for the issuer at the end of the fifth year, with a coupon rate of 2.32%. After deducting the issuance expenses, the proceeds from this bond offering will be used to supplement the company's Tier 2 capital, and support its business continuously in accordance with applicable laws and regulations and approvals from regulatory authorities.

Gelonghui FinanceJul 11 05:31 ET

Hongjiu Fruits has received a pledge of 21.12 million shares of domestic stocks from its controlling shareholder Deng Hongjiu.

Hongjiu Fruits (06689) announced that the company has learned that its controlling shareholder, Mr. Deng Hongjiu, who is also the chairman and executive director, pledged 21.12 million shares of the company's non-publicly traded shares on July 8, 2024, equivalent to approximately 5.59% of Mr. Deng's direct shareholding in the company. This was pledged as collateral for 3 loans with a total amount of RMB 0.159 billion provided by the Industrial Bank Co., Ltd., Chongqing Branch (the lender) for the loan financing. As of the date of this announcement, the total number of non-publicly traded shares of the company pledged by Mr. Deng represents approximately 12.57% of the total number of shares issued by the company.

新浪港股Jul 8 19:59 ET

IMF officials: European Central Bank needs crisis response tools to implement policies.

A senior official from the International Monetary Fund (IMF) said that the European Central Bank must have crisis response tools such as TPI bond purchasing plans on hand, even if they are not needed now to assist France. "In a monetary union, you need available tools to deal with pressures," said Alfred Kammer, head of the IMF's European department, in an interview at the European Central Bank's annual event in Sintra, Portugal on Tuesday. "You have to make sure that policies work everywhere." The European Central Bank created the TPI program in 2022 amid market turmoil caused by the Italian situation.

環球市場播報Jul 2 11:51 ET