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.

cls.cnNov 7 02:30 ET

The central parity rate of the Renminbi is reported at 7.1016, up by 187 basis points.

On November 5, the central parity rate of the renminbi was reported at 7.1016, up by 187 basis points from the previous trading day's rate of 7.1203. Why did the renminbi exchange rate rise? Zhou Maohua, a researcher at China Everbright Bank's Financial Market Department, stated that the renminbi against the US dollar rebounded strongly that day, mainly driven by both internal and external factors. On one hand, due to the introduction of a package of countercyclical policies, market expectations have significantly improved, with an optimistic outlook for economic recovery and market valuation repair prospects, leading to an inflow of external funds; on the other hand, in recent days, due to the fluctuation of the "Trump trade," market expectations for non-US currencies such as the Euro have eased, resulting in a surge in the US dollar.

市场资讯Nov 4 20:18 ET

Large banks are accelerating their expansion to lower-tier cities! The balance of inclusive small and micro loans is increasing while interest rates are decreasing. Small and medium-sized banks are speeding up to attract customers.

From the perspective of inclusive finance, state-owned banks continue to lower the average interest rate on inclusive loans for small and micro enterprises this year, while the loan balance has grown rapidly since the beginning of the year. Joint-stock banks and city commercial banks, on the other hand, compete for customers based on service quality.

cls.cnNov 4 10:16 ET

ceb bank (06818.HK): Director Mingwen Zhang's qualifications for appointment have been approved.

Gelonghui, November 4th - CEB Bank (06818.HK) announced that the company has recently received the "Reply of the China Banking and Insurance Regulatory Commission on the Qualification of Zhang Mingwen, Director of CEB Bank" (Jin Fu [2024] 692). The China Banking and Insurance Regulatory Commission approved the appointment of Zhang Mingwen as a director of the company on October 28, 2024. Zhang Mingwen's appointment as a non-executive director of the company, member of the Board of Directors Risk Management Committee, and member of the Social Responsibility, Inclusive Financial Development, and Consumer Rights Protection Committee has taken effect.

Gelonghui FinanceNov 4 04:14 ET

Citic Sec: The implementation of advanced methods of capital measurement is progressing in an orderly manner. It is recommended to reevaluate the investment value of banks.

From the perspective of investing in the banking sector, the revenue growth rate and profit growth rate of listed banks in the third quarter have both improved, with overall sound asset quality. Currently in the observation period of the macroeconomic policy effects, the subsequent policy support is expected to help alleviate real risks, especially the credit risks of the urban investment and real estate sectors, providing a solid foundation for the stability of the banks' net assets.

Zhitong FinanceNov 3 19:38 ET

China Everbright Bank Q3 Profit Up 2%, Revenue Down 9%

MT NewswiresOct 31 00:16 ET