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Industrial and Commercial Bank of China (01398.HK): Director Zhong Mantao's qualifications for appointment have been approved.
On September 27, Guolonghui reported that Industrial and Commercial Bank of China (01398.HK) announced that, in accordance with relevant regulations, the China Banking and Insurance Regulatory Commission has approved Zhong Mantao's qualification as a director of the Bank. Zhong Mantao's appointment as a non-executive director of the Bank has taken effect.
Industrial and Commercial Bank of China (601398.SH): Director Zhong Mantao's qualifications for appointment have been approved.
On September 27th, the industrial and commercial bank of china (601398.SH) announced that they have received the "Reply from the China Banking and Insurance Regulatory Commission on the Qualification of Zhong Mantao as a Director of Industrial and Commercial Bank of China". According to relevant regulations, the China Banking and Insurance Regulatory Commission has approved Ms. Zhong Mantao's qualification as a non-executive director of the bank. Ms. Zhong Mantao's appointment as a non-executive director of the bank has taken effect. The bank welcomes Ms. Zhong Mantao to join the board of directors.
Trending Stocks Today: WUXI APPTEC Soars 21.8%
Hong Kong stock market anomaly | The simultaneous implementation of reserve requirement ratio reductions and interest rate cuts by the central bank caused a counter-trend decline in China mainland banking stocks. Agricultural Bank of China (01288) fell by
china mainland banking stocks fell against the trend, as of the deadline, agricultural bank of china (01288) fell by 4.25%, closing at 3.83 Hong Kong dollars; industrial and commercial bank of china (01398) fell by 3.11%, closing at 4.68 Hong Kong dollars; china construction bank corporation (00939) fell by 2.58%, closing at 6.04 Hong Kong dollars.
Interbank certificate of deposit quotas are in urgent need! Some banks are already below 5%, and the situation may improve in the fourth quarter.
①The balance of negotiable certificates of deposit in the six major state-owned banks accounts for 82.04% of the 2024 record amount, while the balance of negotiable certificates of deposit in joint stock banks accounts for 68.75% of the 2024 record amount. ②The supply of government bonds in the fourth quarter will significantly decrease compared to the third quarter, and the scale of interbank certificates of deposit maturing will also decrease significantly.
2024 Interim Report
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HappyGotLucky : Actually, I am kind of surprised that China bank stocks rally for the past few days. Maybe really too undervalued? interest cut should not benefit the banking sectors. I will buy it at the dip as I am bullish in China Banks for long when China economy really improves...