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BACHY BANK OF CHINA LTD

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10.900
+0.060+0.55%

15min DelayClose Aug 2 16:00 ET

128.35BMarket Cap4.33P/E (TTM)

BANK OF CHINA LTD Stock Forum

Spinee

Aug 1 22:35

The CPC held a Politburo meeting on Tuesday and set economic priorities for 2H24, but gave no further indication on property market stimulus.

Will promptly introduce accessible reform measures, and speed up the implementation of the identified policy measures.
Should reserve and launch a number of incremental policy measures ASAP.
Domestic effective demand remains insufficient.
Saw many risks and hidden dangers in key areas.
It is necessary to strengthen counter-cyclical adjustments, a...

Spinee

Jul 30 01:07

Large and Medium Banks Complete First Round of Deposit Rate Cuts This Year

The one-year deposit rate was cut for the first time in a year, with more significant reductions in long-term rates.
All 12 national joint-stock banks completed this round of deposit rate cuts.
The reduction in long-term deposit rates was more substantial, with two-year, three-year, and five-year fixed deposit rates generally cut by 0.2 percentage points. Ping An Bank reduced its two-year fixed deposit rate by 0.3%.
Man...

Spinee

Jul 29 01:13

China's Ministry of Finance Plans First Re-issuance of 2024 Ultra-long Special Government Bonds (Fourth Issue)

The re-issued bonds will be 30-year fixed-rate interest-bearing bonds, with a competitive bidding face value totaling 44 billion yuan, without allowing additional bids from category A members.
The coupon rate of this re-issued bond is the same as the previously issued bonds of the same period, at 2.47%.
$China 10-Year Treasury Notes Yield(CN10Y.BD)$ $BANK OF CHINA(03988.HK)$

Spinee

Jul 26 01:11

China’s Central Bank Conducts Second MLF Operation This Month, Unexpectedly Cuts Rates by 20 Basis Points

On Thursday, the People's Bank of China (PBOC) announced a 200 billion yuan Medium-term Lending Facility (MLF) operation through interest rate bidding, with a winning bid rate of 2.3%, down by 20 basis points from the previous rate. Industry insiders noted that this additional MLF operation signals an easing stance, addressing financial institutions' medium- to long-term funding needs. The ti...

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Jul 25 05:05

ICBC and ABC Lead New Round of Deposit Rate Cuts

The Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC) announced comprehensive cuts in deposit rates for one to five-year terms, effective July 25. This marks the start of a new cycle of collective rate cuts following the second interest rate cut of the year.
$BANK OF CHINA(03988.HK)$ $ABC(01288.HK)$ $ICBC(01398.HK)$ $Hang Seng Index(800000.HK)$

Spinee

Jul 22 22:45

China's "Interest Rate Cut," LPR Lowered by 10 Basis Points for 1-Year and 5-Year Terms

China's 1-year Loan Prime Rate (LPR) was set at 3.35% in July, with the 5-year LPR set at 3.85%, both lowered by 10 basis points from previous levels.
The LPR adjustment, synchronized with reverse repurchase operations, reflects the gradual unveiling of the central bank's new monetary policy framework. This adjustment indicates the LPR's shift towards referencing short-term policy rates more heavily, diminish...

Spinee

Jul 19 01:10

China accounted for just 19% of Temasek's portfolio as of March, while investments in the Americas made up 22% of assets, second only to Singapore at 27%.
Temasek has long been one of the biggest institutional investors in China, which accounted for 29% of its portfolio as recently as 2020.
Per Bloomberg
$Alibaba(BABA.US)$ $BABA-SW(09988.HK)$ $TENCENT(00700.HK)$ $Tencent(TCEHY.US)$ $MEITUAN-W(03690.HK)$ $Meituan ADR(MPNGY.US)$ $JD.com(JD.US)$ $JD-SW(09618.HK)$ $Cainiao Smart Logistics Network Limited(810537.HK)$ $KUAISHOU-W(01024.HK)$ $XIAOMI-W(01810.HK)$ $CCB(00939.HK)$ $BANK OF CHINA(03988.HK)$

Spinee

Jul 16 22:53

China’s Central Bank Injects 801 Billion Yuan into the Market

The PBOC’s massive net injection through reverse repos has significant implications. Experts believe this move is primarily to counter the liquidity disruption caused by the tax period. Moving forward, the central bank could use reverse repos or temporary overnight reverse repos to address market fluctuations.
$SH->HK Connect(GangGuTong.HK)$ $HKEX(00388.HK)$ $Hang Seng Index(800000.HK)$ $KraneShares CSI China Internet ETF(KWEB.US)$ $BANK OF CHINA(03988.HK)$

Spinee

Jul 8 22:29

China's Central Bank Reintroduces Repo Operations After Ten Years

The People's Bank of China announced that starting immediately, it will conduct temporary reverse repos or repos depending on market conditions, operating from 16:00 to 16:20 on working days. The term will be overnight, using fixed-rate, quantity bidding. The interest rates for temporary overnight reverse repos and repos will be 20 basis points below and 50 basis points above the seven-day reverse repo rate, respectively.
Minshe...

Spinee

Jul 4 21:12

Breaking

PBOC SIGNED BOND LENDING AGREEMENTS WITH MAJOR BANKS, BORROWING HUNDREDS OF BILLIONS OF YUAN BONDS ON AN OPEN-ENDED UNSECURED BASIS, PER BLOOMBERG.
China’s central bank took the next step toward selling government bonds to cool a record-breaking rally, saying it now has “hundreds of billions” of yuan of the securities at its disposal through agreements with lenders.
$Hang Seng Index(800000.HK)$ $BANK OF CHINA(03988.HK)$ $China 1-Year Treasury Bills Yield(CN12M.BD)$ $HKEX(00388.HK)$

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