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.
Zhongtai Securities: Why were bank stocks the top gainer in Q2?
The marginal inflow of various funds and the rare outflow of institutional funds have driven banks to rank first in terms of rising stocks.
Saudi Arabia's Wealth Fund Signs MOUs With Six Chinese Financial Firms
Jpmorgan: bullish on the performance of domestic banking industry in the second half of the year, preferring the four domestic banks with stable earnings and high yields.
JPMorgan released a report stating that it remains bullish on the performance of domestic banking industry in the second half of the year, believing that it will mainly benefit from the regulatory focus on safeguarding banks' net income and policy support for the stable macroeconomic growth prospects in the second half of the year. The bank expects domestic banks' revenue and profits to turn to growth in the second half of the year. JPMorgan continues to favor the four domestic banks with stable profitability and high yield rates, listed in order of preference: Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank Corporation, and Bank of China. The bank's analysis shows that the current dividend yield gap is still attractive for southward and A-share investors, and they can increase their shareholding during any weak periods. The bank has raised its target price on Bank of China from HKD4 to HKD4.2.
Bank of China Raises 30 Billion Yuan From Undated Bond Issue
Bank of China (601988.SH) completed the issuance of 30 billion yuan of hybrid capital bonds without a fixed term.
Bank of China (601988.SH) announced that the shareholder meeting held on June 30, 2023 was reviewed...
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