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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.
Northbound funds | Northbound net buying of 5.828 billion, domestic funds bottoming up to increase holdings of Hong Kong stock etf, rushing to subscribe to tracker fund of hong kong (02800) over 6 billion Hong Kong dollars.
On September 9th, in the Hong Kong stock market, net buy of 5.828 billion Hong Kong dollars by Northbound funds, with a net buy of 3.275 billion Hong Kong dollars through Shanghai-Hong Kong Stock Connect and a net buy of 2.553 billion Hong Kong dollars through Shenzhen-Hong Kong Stock Connect.
Hong Kong stocks fluctuate | China mainland banking stocks fall again, CM Bank (03968) drops more than 5%, with expectations of a rate cut for existing home loans heating up.
China mainland banking stocks fell again. As of the time of writing, CM Bank (03968) fell 5.28%, to HKD 28.7; Bank of Communications (03328) fell 2.06%, to HKD 5.24; China Construction Bank Corporation (00939) fell 1.31%, to HKD 5.29.
Is it urgent enough to reduce the interest rate on existing housing loans? In the first half of the year, the non-performing balance of personal loans in the six major state-owned banks has reached 352 billion yuan, and the non-performing rate has general
In the first half of this year, the total amount of non-performing loans of the six major state-owned banks has reached 352.091 billion yuan, exceeding the 300 billion yuan threshold for the first time. Compared with the data from early 2024 (291.371 billion yuan), it can be calculated that in the first half of the year, the six major state-owned banks added approximately 60.7 billion yuan of non-performing loans. Industry insiders believe that in the current environment, it is not advisable to excessively rely on reducing existing housing loans to play a greater role in promoting consumer spending.
At least 10 senior executives of listed banks are optimistic. Has the net interest margin really bottomed out? Fitch raised objections: LPR may be further reduced.
In the second quarter of 2024, the net interest margin of commercial banks was 1.54%, showing signs of stopping the decline for the first time. Recently, several listed banks' executives have also publicly stated that there are signs of stabilization or a slowdown in the decline of the net interest margin, injecting a strong boost into the market. Huayu Ratings recently stated, "It is too early to determine whether the net interest margin has bottomed out. The government may further lower the LPR to reduce loan costs.
Capital Trends | Bei Shui sells petroleum stocks, Sinopec and CNOOC were sold more than 0.3 billion Hong Kong dollars each.
Track the latest trends of southbound funds.
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