No Data
No Data
Chinese Banks' Credit Card Delinquencies Rise in H1
After the official announcement of the new round of reduction in existing home loan interest rates, the Construction Bank is "snatching up" new home loans! Targeting the golden week, many state-owned large bank branches are also taking action.
1. The Construction Bank took the lead in deploying the National Day housing loan discount promotion for the 'Golden September and Silver October' season, becoming the first state-owned major bank to launch this activity after the announcement of adjustments to existing housing loans. 2. In addition to Construction Bank's national housing loan marketing campaign, some state-owned major banks' local branches and sub-branches are also taking action. 3. Despite the pressure of adjusting interest rates on existing housing loans, mortgage loans, as high-quality credit assets, have always been a battleground for various banks.
Major rating | jpmorgan: Mainland's capital injection into state-owned major banks may dilute earnings per share. Lowering target price of Bank of China to HK$5.8.
JPMorgan released a report stating that it is rumored in China that the government plans to inject 1 trillion yuan into large state-owned banks. If the bank issues shares at twice the book value, it could dilute the return on equity by 56 basis points and dilute earnings per share by 7.1%; if shares are issued at market price, it could dilute earnings per share by 11.2%. The bank estimates that if the current rebound of state-owned banks continues, they believe there is absolute upside potential. However, due to concerns about policy risks and the cyclical nature of asset quality, state-owned banks may underperform the market and high-growth bank stocks (such as China Merchants Bank and Bank of Communications). The bank has lowered the target price for Bank of China from 6.1 Hong Kong dollars.
Interbank certificate of deposit quotas are in urgent need! Some banks are already below 5%, and the situation may improve in the fourth quarter.
①The balance of negotiable certificates of deposit in the six major state-owned banks accounts for 82.04% of the 2024 record amount, while the balance of negotiable certificates of deposit in joint stock banks accounts for 68.75% of the 2024 record amount. ②The supply of government bonds in the fourth quarter will significantly decrease compared to the third quarter, and the scale of interbank certificates of deposit maturing will also decrease significantly.
Breaking through 19,000 points! The three major stock indices in Hong Kong rose together, with the Hang Seng Index achieving its largest daily gain in over a year.
①Why did the three main stock indices in Hong Kong all strengthen today? ②How do institutions view this sharp rise? ③Why did Miniso experience a sharp drop today?
Central Bank responds to "Switching Mortgages", stating that the initial phase will start from this bank. Industry insiders expect new mortgages to replace existing ones, with limited impact on the existing market.
The emphasis on "initially implementing mortgage transfers within the bank" is mainly because the existing housing loans are still high-yield, low-risk quality assets for banks. Allowing inter-bank mortgage transfers will intensify competition among banks, which is not conducive to the stability of the mortgage market. Banks are expected to negotiate with customers, and both parties will sign a new mortgage contract to replace the original one.
No Data
No Data