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Chinese financial stocks rose across the board as the government work report proposed timely cuts in reserve requirement ratios and interest rates.
Jinwu Financial News | Chinese financial stocks are rising across the board, with significant gains in China Mainland Banking stocks. Bank Of Communications (03328) rose by 2.87%, Bank Of China (03988) rose by 2.49%, MINSHENG BANK (01988) rose by 2.42%, CEB BANK (06818) rose by 1.94%, Industrial And Commercial Bank Of China (01398) rose by 2.01%, Postal Savings Bank Of China (01658) rose by 1.60%. In terms of Mainland Insurance Companies, China Pacific Insurance (02601) rose by 2.88%, China Life Insurance (02628) rose by 2.28%, ZA ONLINE (06060) rose by 2.17%, China Pacific Insurance.
Al Seer Marine Expands Fleet With Two New Tankers
The central bank conducted standing lending facility operations for Financial Institutions in February totaling 1.901 billion yuan.
On March 3, the People's Bank of China disclosed that to meet the temporary liquidity needs of Financial Institutions, in February 2025, the People's Bank conducted a total of 1.901 billion yuan in standing lending facility operations for Financial Institutions.
Bank Of Communications (03328): Zhu Bin and Fan Zhao Rong replace Meng Yu and Zhang Wei Zhong as authorized representatives.
The Bank Of Communications (03328) announced that Mr. Zhu Bin (the Vice President of the Hong Kong branch) and Mr. Fan Zhaorong (the...
CITIC SEC: Market style stabilizes, Banks stocks are expected to continue a steady upward trend.
Overall, the policies since the fourth quarter have a direct effect on stabilizing financial risks. During the Two Sessions, the likelihood of those policies significantly exceeding expectations is low, but the 'uncertain' policies are moving towards 'certainty'. Therefore, bank stocks are expected to continue a steady upward trend.
【Special Invited Expert】Guo Jiayao: The market is paying attention to the implementation of tariff measures, and the market situation is showing fluctuations.
Jinwu Finance | US stocks showed a positive trend last Friday, with the latest inflation data from the USA slowing down, leading to increased market optimism about the possibility of interest rate cuts, which was bullish for the overall market performance. All three major indexes recorded gains at the close. The dollar performed well, and the yield on the USA ten-year treasury fell to 4.2%. Gold and oil prices were relatively weak. Hong Kong stocks' pre-market securities showed little change, and the overall market is expected to lack direction in the early part of the trading day. The mainland stock market clearly declined last Friday, with the Shanghai Composite Index opening lower and continuing to fall, closing down 2%. The trading volume in the Shanghai and Shenzhen markets also slightly reduced. After several days of gains, Hong Kong stocks experienced a pullback, with market concerns over the impact of tariff measures on corporate earnings, causing the Index to fall below the 23,000 point mark, with th