ACGBY AGRICULTURAL BK CH
- 12.223
- +0.233+1.94%
AGRICULTURAL BK CH News
Agricultural Bank of China Appoints Vice Chair
Trending Stocks Today: GUOTAI JUNAN I Surges 41.9%
Agricultural Bank of China announced the appointment of Wang Zhiheng as vice director.
Agricultural Bank of China (01288) announced that the bank recently received the "Reply of the China Banking and Insurance Regulatory Commission on the Qualifications of Wang Zhiheng, Vice Chairman and Director of Agricultural Bank of China" (Jin Fu [2024] No. 638). In accordance with relevant regulations and the resolution of the board of directors, Wang Zhiheng will assume the position of Vice Chairman and Executive Director of the bank, as well as a member and chairman of the Board of Directors' Committee on Agricultural and Inclusive Financial Development, a member of the Strategic Planning and Sustainable Development Committee, and a member of the Nomination and Remuneration Committee starting from September 27, 2024.
After the official announcement of the new round of reduction in existing home loan interest rates, the Construction Bank is "snatching up" new home loans! Targeting the golden week, many state-owned large bank branches are also taking action.
1. The Construction Bank took the lead in deploying the National Day housing loan discount promotion for the 'Golden September and Silver October' season, becoming the first state-owned major bank to launch this activity after the announcement of adjustments to existing housing loans. 2. In addition to Construction Bank's national housing loan marketing campaign, some state-owned major banks' local branches and sub-branches are also taking action. 3. Despite the pressure of adjusting interest rates on existing housing loans, mortgage loans, as high-quality credit assets, have always been a battleground for various banks.
Agricultural Bank of China Appoints New Vice Chairman
Express News | Agricultural Bank of China Says It Gets Financial Regulator's Approval to Name Wang Zhiheng as Vice Chairman
Trending Stocks Today: WUXI APPTEC Soars 21.8%
Hong Kong stock market anomaly | The simultaneous implementation of reserve requirement ratio reductions and interest rate cuts by the central bank caused a counter-trend decline in China mainland banking stocks. Agricultural Bank of China (01288) fell by
china mainland banking stocks fell against the trend, as of the deadline, agricultural bank of china (01288) fell by 4.25%, closing at 3.83 Hong Kong dollars; industrial and commercial bank of china (01398) fell by 3.11%, closing at 4.68 Hong Kong dollars; china construction bank corporation (00939) fell by 2.58%, closing at 6.04 Hong Kong dollars.
Interbank certificate of deposit quotas are in urgent need! Some banks are already below 5%, and the situation may improve in the fourth quarter.
①The balance of negotiable certificates of deposit in the six major state-owned banks accounts for 82.04% of the 2024 record amount, while the balance of negotiable certificates of deposit in joint stock banks accounts for 68.75% of the 2024 record amount. ②The supply of government bonds in the fourth quarter will significantly decrease compared to the third quarter, and the scale of interbank certificates of deposit maturing will also decrease significantly.
Jiangsu Expressway Issues 560 Million Yuan Ultra-Short-Term Bonds
ABC: 2024 Interim Report
The Japanese government will investigate the huge losses of bonds in the Central Agricultural and Forestry Fund.
On Wednesday, the Ministry of Agriculture, Forestry and Fisheries of Japan stated that a group composed of external experts will investigate how bonds held by the Agricultural Bank of China are accumulating significant book losses. The Ministry of Agriculture, Forestry and Fisheries, together with the Financial Services Agency of Japan, have taken this action after warnings from the Agricultural Bank of China that due to the sale of unprofitable foreign bonds, a loss of 1.5 trillion yen (approximately $10.5 billion) may occur this fiscal year. "It is necessary to review the investment, loan activities, and asset management of the Agricultural Bank of China," stated the Ministry of Agriculture, Forestry and Fisheries of Japan in announcing the establishment of the investigative group. Following interest rate betting errors,
Trending Stocks Today: PETROCHINA Climbs 3.53%
Asia credit bonds daily inventory (September 25): Chinese dollar-denominated high-yield market performance generally declined, daily yield increases for Bank of China and Agricultural Bank of China were 9.98bp and 8.81bp respectively.
Produced jointly by Zhongtai International and CaiLian News.
Central Bank responds to "Switching Mortgages", stating that the initial phase will start from this bank. Industry insiders expect new mortgages to replace existing ones, with limited impact on the existing market.
The emphasis on "initially implementing mortgage transfers within the bank" is mainly because the existing housing loans are still high-yield, low-risk quality assets for banks. Allowing inter-bank mortgage transfers will intensify competition among banks, which is not conducive to the stability of the mortgage market. Banks are expected to negotiate with customers, and both parties will sign a new mortgage contract to replace the original one.
Trending Stocks Today: CM BANK Jumps 10.5%
Existing home loan interest rates are about to be lowered by 50 basis points! Industry insiders: It can effectively curb the trend of early repayment, and deposit interest rates will be further reduced under the pressure of interest rate differentials.
1. The central bank announced that it will guide commercial banks to reduce existing mortgage rates to be close to the rates of new mortgages, with an average reduction of about 0.5 percentage points. 2. It is expected that the loan prime rate (LPR) and deposit rates will symmetrically decrease.
Multiple bullish factors stimulate the strong performance of bank stocks, cm bank's Hong Kong stocks surged.
What bullish news was announced this morning? How do institutions view bank stocks at the moment?
Major announcements on the real estate market and stock market were made by one line, one bureau, and one association.
1. The central bank: reduce the reserve requirement ratio, lower the interest rate on existing housing loans; establish a special refinancing facility to guide banks to provide loans to listed companies. 2. China Banking and Insurance Regulatory Commission: strengthen the core tier-one capital of 6 large commercial banks; reveal three optimization policies for renewing loans for small and micro enterprises. 3. China Securities Regulatory Commission: will issue opinions to promote the entry of medium and long-term funds into the market and six measures to promote mergers and acquisitions; support sovereign wealth funds to increase their shareholding in the capital markets.
Capital markets are getting a fresh boost! The central bank has set up a special refinancing facility for securities, funds, insurance companies to facilitate share buybacks and shareholdings, which can only be used for investing in the stock market.
1. Establishing securities, fund, and insurance companies to facilitate mutual exchange, supporting eligible securities, fund, and insurance companies to obtain liquidity from the central bank through asset pledging, significantly enhancing the ability to raise funds and shareholding capabilities in stocks; 2. Establishing a special refinancing facility for share buyback, guiding banks to provide loans to listed companies and major shareholders, supporting share buybacks and shareholding in stocks.
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