Market Chatter: China's Top Banks to Raise 520 Billion Yuan in Capital Boost

MT Newswires21:48 ET

Brokerage morning meeting highlights: The industry allocation recommendations for April should focus on two main lines.

At today's Brokerage morning meeting, Galaxy Securities stated that the characteristics of a short-term structural economic recovery remain evident, with industries related to new productive forces performing better; HTSC believes that increased investment in global AI computing power is expected to drive the performance of businesses in sectors such as Optical Communications to remain positive; China Securities Co., Ltd. suggested that the industry allocation recommendations for April should focus on two main lines.

cls.cn20:46 ET

CITIC SEC: The state-owned major banks' capital injection plan has been introduced to achieve both risk prevention and development promotion.

CITIC SEC released a Research Report stating that on March 30, China Construction Bank Corporation, Bank Of China, Bank Of Communications, and Postal Savings Bank Of China announced their plan to raise 520 billion yuan by issuing A-shares to specific investors, with the Ministry of Finance subscribing to 500 billion yuan, and the raised funds will be used to replenish core Tier 1 capital.

Zhitong Finance20:30 ET

It is the "last day" for Consumer loan interest rates below 3%, and many Banks are still rushing to attract customers, fearing increased pressure on future lending.

① Many Banks are promoting a slogan "Last Day of Low Interest Rates", urging customers to quickly check their limits and receive interest rate coupons for withdrawals; ② Several Banks' Crediting personnel are concerned that an increase in Consumer loan rates may lead to a decrease in interest, continuing to increase lending pressure.

cls.cn20:08 ET

How was the pricing scheme for the capital increase of the four major banks determined? Direct coverage of the four major banks' 520 billion "capital increase" meeting.

Senior executives of the four major banks explain the relevant details.

wallstreetcnMar 31 09:46 ET

Research Reports Gold Mining丨Ping An Securities: China Construction Bank Corporation's profitability continues to improve, maintaining a "recommended" rating.

Ping An Securities' Research Reports pointed out that China Construction Bank Corporation (601939.SH) has shown resilience in net interest income for 2024, with profits continuing to improve. In 2024, the net income attributable to the parent company of China Construction Bank is expected to increase by 0.9% year-on-year (24Q1-3, +0.1%), with a growth rate widening by 0.8 percentage points compared to the first three quarters, mainly related to the recovery of revenue, especially the resilience of net interest income. As a leading commercial bank in China, China Construction Bank plays a benchmark role in profitability, comprehensive operation, and transformation development within the Industry. Based on long-term prospects, the bank has established three major strategies focusing on housing rental, inclusive finance, and CNI Xiangmi Lake Fintech Index.

Gelonghui FinanceMar 31 03:03 ET