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South-to-North Water Diversion invested a net purchase of 0.43 billion yuan in China United Network Communications, while Northbound Capital dumped Meituan and China Construction Bank.
Track the latest trends of north-south directional funds.
Banks are intensively launching deposit benefits campaigns, and the effort to attract deposits is increasing. Can the idea of "high interest to attract deposits" be continued?
- With the further reduction of deposit interest rates and the emergence of deposit migration phenomenon, many banks have launched a series of deposit-related welfare activities to attract and stabilize deposits. - Experts believe that attracting deposits with welfare and gifts still has the suspicion of "high-interest deposits", which will inevitably increase the liabilities cost of some banks. Therefore, banks need to closely follow the pain points of customer preferences to improve the quality of financial services.
Hong Kong stocks surged, with CM Bank (03968) up nearly 4%, leading the way in China mainland banking. High dividends still remain the long-term investment logic in the sector.
China mainland banking stocks rose in early trading. As of press time, cm bank (03968) rose 3.4% to HKD 33.45; industrial and commercial bank of china (01398) rose 1.56% to HKD 4.56; postal savings bank of china (01658) rose 1.44% to HKD 4.22; china construction bank corporation (00939) rose 1.09% to HKD 5.57.
Capital trend statistics for Stock Connect of China Securities Intelligence on T+2 | August 14th.
Capital trend of Zhittong Hong Kong Stock Connect | August 14th.
As of the end of the second quarter, the total assets of domestic and foreign currency of China's banking and financial institutions amounted to 43.31 trillion yuan, a year-on-year increase of 6.6%.
On August 9th, the China Banking and Insurance Regulatory Commission released the main regulatory indicators data for the banking and insurance industry in the second quarter of 2024.
[Brokerage Focus] Zhongtai International: After global risk aversion subsides, Hong Kong stocks are expected to open up upward space.
KingWatch Financial News | China-Thai International released its August outlook for the Hong Kong stock market, as the untying trend of the yen-carry trade exacerbates the fluctuation of global risk assets, Hong Kong stocks may be affected by increased overseas market volatility and fluctuate at low levels. As of July 30, speculative short positions in the yen have been greatly reduced, and the current one-month US dollar against yen 25Delta risk reversal volatility has fallen to its lowest level since mid-2020, indicating that the yen may have a short-term phase top and will boost the rebound of Hong Kong stocks and other risk assets. The bank pointed out that the upward momentum in the current Hang Seng Index profit forecast has been fluctuating repeatedly, and the performance of Hong Kong stocks has been mixed since the earnings season.
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