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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
Trending Stocks Today: PETROCHINA Climbs 3.53%
Hong Kong stocks are moving differently | China mainland banking sector rose in early trading, the overall impact of interest rate cuts on banks' net interest margins is neutral. Improvements in economic indicators will drive sector recovery.
China mainland banking stocks rose across the board in early trading. As of the time of publication, Jiangxi Bank (01916) rose by 8.62% to HKD 0.63; CM Bank (03968) rose by 5.39% to HKD 36.15; China Construction Bank Corporation (00939) rose by 2.7% to HKD 6.09; Industrial and Commercial Bank of China (01398) rose by 1.7% to HKD 4.78.
Central Bank responds to "Switching Mortgages", stating that the initial phase will start from this bank. Industry insiders expect new mortgages to replace existing ones, with limited impact on the existing market.
The emphasis on "initially implementing mortgage transfers within the bank" is mainly because the existing housing loans are still high-yield, low-risk quality assets for banks. Allowing inter-bank mortgage transfers will intensify competition among banks, which is not conducive to the stability of the mortgage market. Banks are expected to negotiate with customers, and both parties will sign a new mortgage contract to replace the original one.
Trending Stocks Today: CM BANK Jumps 10.5%
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