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AM Best Affirms Credit Ratings of China BOCOM Insurance Company Limited
Bank of Communications Unveils Leadership Team
Bank of Communications (03328.HK): Xiao Wei has officially assumed the position of independent non-executive director.
Guolonghui, September 12th, Bank of Communications (03328.HK) announced that the bank recently received the reply regarding the qualification for Mr. Xiao Wei to serve as an independent director of the Bank of Communications, issued by the China Banking and Insurance Regulatory Commission (CBIRC) (JinFu [2024] No. 596). The CBIRC has approved Mr. Xiao's qualification to serve as an independent non-executive director of the bank, and Mr. Xiao has officially assumed the position of independent non-executive director of the bank.
China Vanke, Its Nanjing Unit Applied for CNY128M Loans From Bank of Communications
China Vanke: Obtained Credit Line of CNY5.74B From Bank of Communications Shenzhen Branch
Deutsche Bank: The pricing of loans in the banking industry in China is becoming more rational, so there is no need to overly worry about net interest margin pressure.
Morgan Stanley pointed out that although the LPR reduction may put pressure on the interest income of the banking industry in China, at the same time, the interest cost paid by banks to depositors is also decreasing, which helps to alleviate the pressure on net interest margin. Morgan Stanley expects that the banking industry will outperform the large cap market in the next 12 months.
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