Third Extraordinary General Meeting of 2024 Held on 2 December 2024 Poll Results

HKEXDec 2 06:52 ET · Announcements

The no-card deposit and withdrawal business continues to tighten, with about 20 banks officially announcing adjustments to the business, leading to diffusion among small and medium banks since November.

① Since November, about 20 banks have announced restrictions on cardless deposit and withdrawal services. Throughout the year, at least 50 various banks, including state-owned banks, joint-stock banks, and small to medium-sized banks have successively announced tightened cardless services. ② From the announcements released by each bank, their reasons for adjusting cardless services are basically consistent—risk control.

cls.cnDec 1 22:42 ET

Industrial and commercial bank of china (01398.HK): The National Financial Supervisory Administration has approved Chen Guanting to serve as an independent non-executive director.

On November 29, Gelonghui announced that Industrial and Commercial Bank of China (01398.HK) received the "China Banking and Insurance Regulatory Commission's Reply Regarding Chen Guanting's Qualifications as Independent Director of Industrial and Commercial Bank of China". According to relevant regulations, the China Banking and Insurance Regulatory Commission has approved Chen Guanting's qualifications as an independent non-executive director. Chen Guanting's appointment as an independent non-executive director has taken effect.

Gelonghui FinanceNov 29 06:57 ET

Express News | Icbc - Qualification Approval of Chen Guanting as Independent Director of Icbc by National Financial Regulatory Administration

ReutersNov 29 06:50 ET

In November, the MLF volume continued to shrink. Previously, the 500 billion buy-back reverse repurchase has released medium-term liquidity ahead of schedule. The industry expects the reserve requirement ratio cut to be implemented faster.

①The funding operation mode of shortening and lengthening funds continues. On the one hand, the central bank continues to reduce the MLF operations volume, reduce the existing stock to mitigate its impact on the liquidity market. On the other hand, short-term funds continue to be net injected to hedge against cross-month fund pressure, strengthening the guiding position of reverse repurchase agreements on market interest rates. ②Local government bonds are centrally supplied, and the MLF is likely to see a quicker implementation under the reduced volume environment.

cls.cnNov 24 22:40 ET

Rare! This rural commercial bank is offering a 5-year fixed deposit interest rate of 1.5%, which is lower than the 1.55% level of state-owned banks. It is referred to as a "case" in the industry.

①Recently, Wuxiang Rural Commercial Bank adjusted the deposit execution interest rates, lowering the execution interest rates for personal fixed-term deposits of two years, three years, and five years to 1.5%, with the five-year execution interest rate being lowered below the lowest level of the state-owned banks' published rates. ②The phenomenon of the aforementioned rural commercial bank reducing rates beyond the mid- to long-term levels of state-owned banks is still considered an isolated case.

cls.cnNov 20 10:05 ET