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Dividend Assets have become attractive again! The Hang Seng Index has dropped over 1400 points in the last five days, while high-yield stocks such as Coal Banks "refuse to correct."
① The Hang Seng Index has fallen more than 1,400 points in the past five days. Why do dividend-paying Assets remain resilient? ② High-yield stocks such as Coal and Banks "refuse to retreat". What bullish factors may continue to drive the market?
China Zheshang Bank Information Chief Resigns
China Zheshang Bank (601916.SH): Wang Chaoming has resigned from the position of Chief Information Officer.
On March 12, Gelonghui reported that China Zheshang Bank (601916.SH) announced that the Board of Directors recently received a resignation letter submitted by Mr. Wang Chaoshan. Due to a rearrangement of responsibilities, Mr. Wang Chaoshan resigned from the position of Chief Information Officer, and the resignation will take effect upon delivery of the resignation letter to the Board of Directors. After resigning as Chief Information Officer, Mr. Wang Chaoshan will continue to serve as Assistant to the President of the company.
[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.
The pilot program for insurance funds to invest in Gold has started, bringing new demand to the Gold market.
Recently, the National Financial Supervision Administration issued a notice on conducting pilot projects for Insurance funds investment in Gold, clarifying that 10 pilot insurance companies can engage in Gold investment pilot projects for the purpose of medium- and long-term Asset allocation. Analysts believe that from a necessity standpoint, Institutions engaging in Gold investment can, on one hand, enrich Insurance investment portfolios, diversify investment risks, and stabilize investment returns, which is beneficial in addressing the challenges posed by a low-interest-rate environment on Asset allocation; and on the other hand, it is conducive to improving the liquidity of the domestic Gold trading market, indirectly creating favorable conditions for the internationalization of the renminbi. Regarding feasibility, the good liquidity of the Gold market in China...
CITIC SEC: Market style stabilizes, Banks stocks are expected to continue a steady upward trend.
Overall, the policies since the fourth quarter have a direct effect on stabilizing financial risks. During the Two Sessions, the likelihood of those policies significantly exceeding expectations is low, but the 'uncertain' policies are moving towards 'certainty'. Therefore, bank stocks are expected to continue a steady upward trend.
