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ICBC Tipped to Post 15% Rise in Second-Quarter Profit -- Earnings Preview
The effect of interest rate cuts on deposits is gradually becoming apparent, with interest expenses of many national banks decreasing in the first half of the year, and some banks reducing by more than 7%.
① According to the semi-annual reports of joint stock banks and state-owned banks, although the trend of deposit regularization is obvious, and coupled with the expansion of deposit scale, the cost of debt has actually been reduced for many banks. ② Recent earnings conferences have shown that executives of various banks have expressed the need to adjust the asset-liability structure, strengthen cost control of liabilities, and attract low-cost deposits. This will be the focus and deployment direction for commercial banks in the second half of the year.
Industrial and Commercial Bank of China (01398.HK): The issuance of the 2024 Tier 2 capital bonds (first tranche) (Bond Connect) has been completed.
On August 29th, ICBC (01398.HK) announced that, with the approval of the relevant regulatory institutions, the Industrial and Commercial Bank of China's Tier 2 Capital Bonds (First Phase) (Bond Connect) for the year 2024 have been issued in the national interbank bond market. The total issue size of these bonds is RMB 50 billion, divided into two varieties. Variety One is a 10-year fixed rate variety with a conditional issuer call option at the end of the 5th year. The issue size is RMB 42 billion, with a coupon rate of 2.25%. Variety Two is a 15-year fixed rate variety with a conditional issuer call option at the end of the 10th year.
Industrial and Commercial Bank of China (01398) successfully issued 50 billion yuan of Tier 2 capital bonds.
Industrial and Commercial Bank of China (01398) announced that the bank's Tier 2 capital bonds (Phase I)(Bond Connect) for 2024 have...
Signal of disintegration of the group? The collectively broken bank stocks that continuously hit new highs.
Using the name of solidarity to engage in speculation in reality?
Guotou Securities: ETF over allocation + market under allocation + minimal selling pressure will continue to receive sustained pricing.
Guotou Securities believes that if equity ETF passive investment becomes the main source of incremental capital in the future, it will not only be a short-term stabilization factor, but also a direction that can achieve sustained pricing with ETF over-allocation, market under-allocation, and low selling pressure.
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