A new round of interest rate cuts for deposits is about to end its first month: small and medium-sized banks continue to follow suit, and some banks have made a second adjustment within the month. Is there still room for further cuts?

① In the context of market interest rate decline, banks are facing continuous pressure to narrow their net interest margin. Some banks have directly lowered deposit interest rates, while others have adjusted them in a phased manner. ② The phenomenon of inverted deposit interest rates is the result of the combined effects of macroeconomic conditions, bank operational strategies, policy guidance, and market expectations.

cls.cnAug 22 08:24 ET

Northbound water movements | Net sales of 0.083 billion shares by CSPC Pharma (01093), with an increase of 0.4 billion shares in Semiconductor Manufacturing International Corporation (00981) being sold.

On August 22, in the Hong Kong stock market, the net selling of Mainland institutional investors was 8.3 hundred million Hong Kong dollars, of which the net buying of Shenzhen Connect was 1.565 hundred million Hong Kong dollars, and the net selling of Shanghai Connect was 1.648 hundred million Hong Kong dollars.

Zhitong FinanceAug 22 05:48 ET

What is the reason for the year-on-year decrease in net profit of some private banks? The Financial Regulatory Bureau responded.

Liao Yuanyuan said that the net income growth rate of private banks has experienced negative growth. Mainly because these banks have significantly increased their provisions compared to the same period last year, which directly affects the current profits and leads to a temporary decline in net income of private banks.

cls.cnAug 21 04:23 ET

HK stocks fluctuate | Agricultural Bank of China (01288) fell more than 3%, leading the decline in China mainland banking. Goldman Sachs states that the per-share dividend of China mainland banking may be lower than expected, and net interest margin still

China mainland banking fell today. As of press time, Agricultural Bank of China (01288) fell by 2.77% to HKD 3.51; Bank of China (03988) fell by 1.68% to HKD 3.52; Industrial and Commercial Bank of China (01398) fell by 1.28% to HKD 4.64; and China Construction Bank Corporation (00939) fell by 1.05% to HKD 5.64.

Zhitong FinanceAug 21 03:51 ET

Haige Communications Issues 1 Billion Yuan Medium-Term Bonds

MT NewswiresAug 21 00:12 ET

Who is buying banks according to Xingye Securities?

The banking sector has performed well this year, as of August 19th, the Shenwan Bank Index has increased by 19.08%, ranking first among all 31 first-tier industries, with returns exceeding second place by 10%. Among them, the stock prices of the five major banks, including ICBC and China Construction Bank, have set new highs.

Zhitong FinanceAug 20 18:52 ET