601818 China Everbright Bank
- 3.68
- -0.03-0.81%
China Everbright Bank News
In many areas of fujian, mortgage rates have been adjusted to 3.1%. Experts say that ultra-low rates are unsustainable and banks are correcting their "involution-style" competition.
①In multiple cities in Fujian Province including Xiamen, Fuzhou, Putian, etc., the housing loan interest rate has been uniformly raised from 3.05% to 3.1%. ②The unclear lower limit of interest rates has caused internal price competition among banks, this adjustment is a correction to excessively low interest rates and does not mean policy tightening.
Zhongtai: The senior law significantly saves bank capital, and under the improved market preference, attention is paid to the performance of quality banks.
Zhongtai stated that the regulatory authorities have relaxed the acceptance of advanced capital method applications. Based on the case of China Merchants Bank, the advanced method significantly saves capital, with a core Tier 1 capital adequacy ratio about 2 percentage points higher than the weighted method. If the top tier listed banks subsequently implement the advanced method, it is expected to increase the core Tier 1 capital adequacy ratio of the top tier listed banks by more than 1 percentage point.
The first nationwide bank responds to financial sanctions for telecommunications fraud crimes! China Everbright Bank: to be implemented from December.
①China Everbright Bank stated on its official website a few days ago that starting from December 1, 2024, financial disciplinary measures will be implemented on the settlement accounts of disciplinary targets' names; ②Cailian News Agency reporters checked the official websites of the six state-owned banks and other national joint-stock banks, and as of the time of publication, currently no other banks have issued similar public statements.
The no-card deposit and withdrawal business continues to tighten, with about 20 banks officially announcing adjustments to the business, leading to diffusion among small and medium banks since November.
① Since November, about 20 banks have announced restrictions on cardless deposit and withdrawal services. Throughout the year, at least 50 various banks, including state-owned banks, joint-stock banks, and small to medium-sized banks have successively announced tightened cardless services. ② From the announcements released by each bank, their reasons for adjusting cardless services are basically consistent—risk control.
China Everbright Bank Reports Modest Profit Growth
In November, the MLF volume continued to shrink. Previously, the 500 billion buy-back reverse repurchase has released medium-term liquidity ahead of schedule. The industry expects the reserve requirement ratio cut to be implemented faster.
①The funding operation mode of shortening and lengthening funds continues. On the one hand, the central bank continues to reduce the MLF operations volume, reduce the existing stock to mitigate its impact on the liquidity market. On the other hand, short-term funds continue to be net injected to hedge against cross-month fund pressure, strengthening the guiding position of reverse repurchase agreements on market interest rates. ②Local government bonds are centrally supplied, and the MLF is likely to see a quicker implementation under the reduced volume environment.
Rare! This rural commercial bank is offering a 5-year fixed deposit interest rate of 1.5%, which is lower than the 1.55% level of state-owned banks. It is referred to as a "case" in the industry.
①Recently, Wuxiang Rural Commercial Bank adjusted the deposit execution interest rates, lowering the execution interest rates for personal fixed-term deposits of two years, three years, and five years to 1.5%, with the five-year execution interest rate being lowered below the lowest level of the state-owned banks' published rates. ②The phenomenon of the aforementioned rural commercial bank reducing rates beyond the mid- to long-term levels of state-owned banks is still considered an isolated case.
Banks' dormant account cleanup is gradually extending to corporate accounts. This rural commercial bank announced that it will clean up long-suspended accounts of units, and many other banks are also handling this.
On the morning of November 20, Jinchang Rural Commercial Bank announced that it will clean up and close some unit bank settlement accounts that have been inactive for a long time. Recently, some banks have adopted similar practices to Jinchang Rural Commercial Bank, including Dangyang Rural Commercial Bank, China Construction Bank Weifang Branch, Bank of Nanjing.
The unchanged LPR in November meets market expectations. Industry insiders do not rule out the possibility of further interest rate cuts next year along with the reverse repurchase rate.
① By the end of the year, the economic running is expected to continue its upward trend, with policy interest rates likely to remain stable and LPR quote also expected to stay unchanged. ② There is a high possibility of further reductions in deposit rates in the future, coupled with the issuance of special treasury bonds to support large state-owned commercial banks in replenishing their core tier one capital, which is expected to gradually alleviate the interest spread and operational pressure for commercial banks. It is possible that next year the LPR quote may be accompanied by further interest rate cuts on reverse repurchase agreements.
China Everbright Bank to List 2 Series of Bonds on Hong Kong Bourse
Hong Kong stocks show unusual movements | China mainland banking sector rises across the board, banks sector overall in a state of trading below book value, market cap management guidance brings opportunities for valuation reshaping.
China mainland banking stocks are all rising, as of the press release, bank of zhengzhou (06198) rose by 8.08% to HKD 1.07; minsheng bank (01988) rose by 6.14% to HKD 3.11; ceb bank (06818) rose by 4.15% to HKD 2.76; bank of china (03988) rose by 3.32% to HKD 3.73; industrial and commercial bank of china (01398) rose by 2.83% to HKD 4.73.
While Individual Investors Own 31% of China Everbright Bank Company Limited (SHSE:601818), Private Companies Are Its Largest Shareholders With 51% Ownership
Interbank current deposit rates are significantly higher than policy rates. Some large banks face high liability pressures. The market expects pricing levels to be regulated.
1. Some banks' interbank current deposit rates are significantly higher than the current policy rates, significantly impacting short-term interest rates and increasing banks' liability costs. 2. The market anticipates that in the future, the level of interbank current deposit rates will be reasonably determined, effectively reducing banks' liability costs.
Fitch Assigns BBB+(EXP) Rating to China Everbright Bank's Proposed Notes
China CITIC Financial Asset Management to Further Acquire Shares of CITIC Limited, Bank of China, China Everbright Bank
Deposit interest rates have generally declined, low volatility wealth management and large-denomination certificates of deposit have been promoted. Some small and medium-sized banks still maintain a relative advantage in large-denomination certificate of
①Although the interest rate level of large-denomination certificates of deposit has decreased somewhat, compared with ordinary time deposits, large-denomination certificates of deposit have a relatively high level of return. In addition, relatively speaking, the interest rates of some small and medium-sized banks are relatively high. ②For residents, it is recommended to diversify asset allocation based on their own risk tolerance and investment and financial management needs.
Are bank stocks still worth buying? CITIC Financial Assets disclosed a comprehensive investment plan of 50.3 billion, with 30 billion increasing shareholding in Bank of China, China Everbright Bank.
①CITIC Financial Assets announced that it will invest approximately 50.3 billion yuan in a comprehensive investment plan, of which 30 billion will be directly used to buy shares of Bank of China, China Everbright Bank, and other institutions. ②CITIC Financial Assets and other institutional funds buying bank stocks is inevitable. As a large-scale institutional fund, due to considerations such as risk control and capital return, it will most likely prioritize 'high dividend stocks' over thematic stocks.
Brokerage morning meeting highlights: China's semiconductor industry's domestic market demand and self-controllable direction are clear.
At today's brokerage morning meeting, citic sec believes that the domestic market and self-controllable direction are clear development directions for China's semiconductor industry; gtja pointed out that the improvement in domestic demand is expected to continue to heat up, highlighting the elasticity of baijiu; htsc stated that bank performance is expected to stabilize, seizing structural opportunities.
Ganfeng Lithium: Ganfeng Lithium provides Guangdong Huichuang with a guarantee of up to 0.15 billion yuan.
Ganfeng Lithium (01772) announced that in order to meet the development and operational needs of its subsidiary, the company's controlling subsidiary, Jiangxi Ganfeng Lithium Battery Technology Co., Ltd. (hereinafter referred to as "Ganfeng Lithium Battery"), signed a "Maximum Guarantee Contract" (Number: NCDBGE2024042) with the China Everbright Bank Nanchang Branch on November 7, 2024. It was agreed that Ganfeng Lithium Battery would provide joint guarantee not exceeding RMB 0.15 billion for the loans of its wholly-owned subsidiary Guangdong Huichuang New Energy Co., Ltd. at China Everbright Bank. To meet the needs of Salta Province in Argentina.
Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.
①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.
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