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As of the end of the second quarter, the total assets of domestic and foreign currency of China's banking and financial institutions amounted to 43.31 trillion yuan, a year-on-year increase of 6.6%.
On August 9th, the China Banking and Insurance Regulatory Commission released the main regulatory indicators data for the banking and insurance industry in the second quarter of 2024.
Zhongtai Securities: Why were bank stocks the top gainer in Q2?
The marginal inflow of various funds and the rare outflow of institutional funds have driven banks to rank first in terms of rising stocks.
Together with the people, safeguarding community safety - Bank of Communications (03328) Shenzhen Branch carried out community anti-fraud publicity activities.
Recently, the Bank of Communications (03328) Shenzhen Branch collaborated with the Nanhu Police Station to carry out a promotional activity with the theme of "working together to safeguard community safety" to help improve the awareness of anti-fraud among community residents.
China Risun GP: Introduce AgBank Investment to increase capital of Dingzhou Tianlu by 0.45 billion yuan.
China Risun GP (01907) announced that in response to the policy requirements of the supply-side reform of China and the firm commitment to promote the sustainable development of the group's business, its subsidiary, Dingzhou Tianlu New Energy Co., Ltd. (Dingzhou Tianlu), will introduce the Agricultural Bank of China Financial Assets Investment Co., Ltd. (AgBank Investment) to increase its capital by CNY 0.45 billion on July 31, 2024. Dingzhou Tianlu is currently owned by the company's subsidiary, Hebei Xuyang Energy Co., Ltd. (Hebei Xuyang Energy) and China Merchants Fund Asset Management Co., Ltd. (China Merchants Investment) holding 65.10% and 34.90% of the equity, respectively. The capital increase this time.
Bank of Communications Bolsters Capital With Bond Issue
The Bank of Communications (03328.HK) has completed the issuance of 30 billion yuan subordinated bonds.
Bank of Communications (03328.HK) announced on July 26th that the shareholder meeting approved the proposal to issue write-down second-tier capital bonds in RMB or equivalent foreign currency not exceeding RMB 100 billion before the end of 2024. In November 2023 and April 2024, the bank respectively issued RMB 30 billion and RMB 26 billion in second-tier capital bonds on the national interbank bond market. Recently approved by the China Banking and Insurance Regulatory Commission and the People's Bank of China, Bank of Communications has issued the second phase of its 2024 second-tier capital bonds on the national interbank bond market.
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