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

Illustration | The net inflow of mainland funds into Hong Kong stocks is 2.9 billion Hong Kong dollars, increasing positions in CHINA MOBILE, CHINA RES GAS, and Bank Of China.

Today, southern funds net bought 2.914 billion Hong Kong dollars in Hong Kong stocks. Among them: net purchases of CHINA MOBILE 0.812 billion, CHINA RES GAS 0.785 billion, Bank Of China 0.78 billion, MEITUAN-W 0.508 billion, XIAOMI-W 0.341 billion, POP MART 0.163 billion, AKESO 0.118 billion, TENCENT 0.117 billion, Semiconductor Manufacturing International Corporation 0.103 billion; net sales of TRACKER FUND OF HONG KONG 4.763 billion, Hang Seng H-Share Index ETF 1.407 billion, BYD COMPANY 0.221 billion, KUAISHOU-W 0.114 billion. According to statistics, southern funds have net bought MEITUAN for six consecutive days, totaling 2.84912 billion Hong Kong dollars.

Gelonghui FinanceMar 31 05:45 ET