China Jianyin Investment expects that the pure profit of domestic banks increased by 2% last year, Bullish on CM BANK and China CITIC Bank Corporation.

Jianyin International has released a Research Report stating that the mainland government is committed to controlling tail risks and activating market sentiment. The bank holds a positive view on the stock prices of China Mainland Banking for the fiscal year 2025, believing that stable Operation performance will support the dividend yield of H-shares of China Mainland Banking to reach 6.1%. It indicates that Ping An Bank (000001.SZ) will kick off the announcement of its fiscal year 2024 results on March 14. The bank expects Agricultural Bank Of China (01288) to be the fastest-growing stock within its research scope, with a year-on-year increase of 4%. It is anticipated that the net profit of China Mainland Banking will rise by 2% year-on-year, while estimated pre-provision operating profit (PPOP) and revenue will both decline by 1% year-on-year.

Sina Hong Kong StocksMar 7 04:42 ET

[Brokerage Focus] Jianyin International is optimistic about the stock price of Bank Of China for the fiscal year 2025.

Jinwu Financial News | Jianyin International expresses an optimistic view on the stock price of Bank Of China for the fiscal year 2025, mainly due to the government's commitment to controlling tail risks and the high market sentiment. The bank believes that solid operating performance will support a 6.1% dividend yield for Listed in Hong Kong banks in the fiscal year 2024. According to the bank's profit model, it is expected that the overall net income of the Chinese banking industry it covers will increase by 2% year-on-year in the fiscal year 2024 (with a year-on-year growth of 2% in the fiscal year 2023). Among the banks covered by the bank, Agricultural Bank Of China (ABC) has the fastest growth, increasing by 4% year-on-year. Operating profit for the fiscal year 2024.

Jinwu Financial NewsMar 6 21:56 ET

Jianyin International: Capital adequacy ratio improves, the valuation of Banks is expected to improve, raising the Target Price for domestic Banks (table).

The bank believes that bank stocks have underperformed compared to the Index, but valuations are expected to improve.

Zhitong FinanceMar 6 01:52 ET

Chinese financial stocks rose across the board as the government work report proposed timely cuts in reserve requirement ratios and interest rates.

Jinwu Financial News | Chinese financial stocks are rising across the board, with significant gains in China Mainland Banking stocks. Bank Of Communications (03328) rose by 2.87%, Bank Of China (03988) rose by 2.49%, MINSHENG BANK (01988) rose by 2.42%, CEB BANK (06818) rose by 1.94%, Industrial And Commercial Bank Of China (01398) rose by 2.01%, Postal Savings Bank Of China (01658) rose by 1.60%. In terms of Mainland Insurance Companies, China Pacific Insurance (02601) rose by 2.88%, China Life Insurance (02628) rose by 2.28%, ZA ONLINE (06060) rose by 2.17%, China Pacific Insurance.

Jinwu Financial NewsMar 4 21:46 ET

Industrial And Commercial Bank Of China has completed the issuance of 50 billion yuan in ​Bonds.

Industrial And Commercial Bank Of China (01398) announced that the bank's Tier 2 capital Bonds (Phase I) (Bond Connect) has recently completed issuance in the national interbank bond market. This bond has an issuance scale of 50 billion yuan, with a fixed interest rate for a term of 10 years, and includes a conditional issuer redemption right at the end of the fifth year, with a nominal interest rate of 2.05%. The funds raised from this bond, after deducting issuance costs, will, according to applicable laws and regulatory approvals, supplement the bank's Tier 2 capital.

Sina Hong Kong StocksMar 3 19:40 ET

Industrial And Commercial Bank Of China (01398.HK) issued 50 billion yuan capital ​Bonds.

On March 3, Gelonghui announced that the Industrial And Commercial Bank Of China (01398.HK) will issue its Secondary Capital Bonds (Phase I) in 2025 with a size of 50 billion yuan. The bonds are 10-year fixed-rate bonds, with a conditional issuer call option at the end of the 5th year, and a coupon rate of 2.05%. The funds raised from this bond issuance, after deducting issuance costs, will be used to supplement the bank's secondary capital in accordance with applicable laws and regulatory approvals.

Gelonghui FinanceMar 3 06:29 ET