Insight into the 2024 Banking Earnings Conference | After being nominated as the president of China Zheshang Bank, Chen Haiqiang made his debut at the Earnings Conference, stating that the Asset structure needs to shift towards "low-risk, stable returns."
① Chen Haiqiang stated that against the current backdrop of low interest rates, low interest spreads, and high risks, we are driving the Operation to shift from asset-driven to liability-driven. ② Assistant President and Chief Risk Officer Pan Huafeng expressed a continued firm determination to clear risks, accelerating the disposal of existing risks while strictly controlling the formation of new risks.
In the year, New China Life Insurance made its second move to acquire shares in BEIJING ENT, as high dividend assets remain a "favorite".
① New China Life Insurance has made a stake in BEIJING ENT Listed in Hong Kong; ② Within the year, 6 insurance companies have made stakes in 13 listed companies; ③ High-dividend Assets are still the "favorites" of insurance capital.
Insights into the 2024 Banking Earnings Conference | What impact does the Ministry of Finance's capital injection have? How to cope with a low interest rate environment? This is how executives from the Postal Savings Bank Of China respond.
① The Chairman of the Postal Savings Bank Of China, Zheng Guoyu, stated that the recent registration by the Ministry of Finance will eliminate past doubts from the public regarding the Postal Savings Bank Of China being in a state of 'tight balance' in terms of capital replenishment; ② The President of the Postal Savings Bank Of China, Liu Jianjun, mentioned that the reduction of LPR and the decrease in mortgage rates for existing loans will put significant pressure on the bank. This year, the bank will continue to strengthen interest margin management; ③ In response to the low interest rate environment, 'water must be squeezed out of the dry towel with low profit.'
Investing nearly 0.4 billion, including Baoneng Autos' land in Xi'an, BYD continues to "acquire land" to expand its Battery footprint.
① On March 28, West Xi'an BYD acquired the usage rights of a state-owned construction land in the Qinhan New City of West Xi'an New District at a price of 0.375 billion yuan, which included the original site used by Baoneng Autos. ② The acquired land does not include the original factory buildings of Baoneng Autos, and the construction purpose does not involve complete vehicles. ③ As early as January this year, West Xi'an BYD had previously acquired the usage rights of a construction land area of approximately 1323.96 acres for a price of 0.398 billion yuan.
Insight into the 2024 Banking Earnings Conference | Why has Net income declined for the first time in four years? How will loans to certain risky clients be handled? MINSHENG BANK responded as follows.
①The decline in Net income is mainly due to increased provisions and significant investments in Technology leading to higher depreciation and amortization expenses; ②As of the end of 2024, the loan balances of the Dongfang Group, the Fanhai Group, and the Evergrande Group totaled approximately 35.278 billion yuan, and all have made provisions; ③It is expected that the Industry's interest margin will remain under pressure throughout the year, and efforts will be made to face the challenges to maintain stable revenue.
The entire pharmaceutical sector has surged sharply; what happened?
On Monday, all AH Stocks in the pharmaceutical Sector surged, with innovative drugs performing the strongest. The Yinhua CSI Innovative Drugs Industry ETF collectively rose sharply, driven by three main factors: the relaxation of collective procurement, overseas license authorizations, and improvement in Earnings Reports that will reshape the Industry landscape.
104079172 : Didn't he sell off most of his holdings in it some time ago?
MYGGG : Before byd sky high he sold most of his share already, he missed the train
bullrider_21 104079172 : He sold some BYD shares due to geopolitical tensions just like he sold TSMC shares. But he still has a stake just below 5%.
exFan of MMoo : Charlie you mean?