The preliminary performance forecast indicates that the Industrial Bank, which no longer follows the old path, has returned to growth.

Both revenue and net profit increased.

wallstreetcnJan 16 04:04 ET

Insurance capital's first move in the New Year! "Major shareholder" Ping An Life has taken a stake in Postal Savings Bank Of China.

Previously, insurance funds increased their stakes in multiple Banks stocks.

wallstreetcnJan 15 04:32 ET

The minimum payment ratio for credit cards has hit a new low, with Bank Of Communications lowering it to 2% for certain customers, while several major banks still maintain 10%.

① Bank Of Communications plans to adjust the minimum repayment ratio for some credit card customers from 5% to 2% in the near future. ② Bank Of Communications is the first state-owned bank to make such an adjustment this year, and this repayment ratio is currently the lowest in the market. ③ Currently, the default minimum repayment ratio for most credit cards from Bank Of China, Industrial And Commercial Bank Of China, and Postal Savings Bank Of China is 10%; Agricultural Bank Of China has some credit card products at 5%, while others still operate at 10%.

cls.cnJan 14 06:41 ET

The performance reports of the first two listed banks are out: CM BANK's revenue decline has narrowed to 0.47%, while China CITIC Bank Corporation's total assets are approaching 10 trillion.

① The decline in revenue for the entire year of 2024 disclosed in the industry performance announcement is 0.47%. Compared to the decline of 3.09% in the last year's semi-annual report and 2.91% in the quarterly report, there is a noticeable improvement trend. ② By the end of 2024, the total assets of China CITIC Bank Corporation will be 9,530.321 billion yuan, an increase of 5.28% compared to the end of the previous year, just a step away from the 10 trillion asset scale.

cls.cnJan 14 06:31 ET

Ping An Insurance continues to "shop" for state-owned banks: investing 0.13 billion HKD to Buy Agricultural Bank Of China's Listed in Hong Kong shares, with a shareholding ratio of 5.05%.

① On January 7, Ping An Insurance Buy 31,678,000 shares of Agricultural Bank Of China Listed in Hong Kong, increasing its shareholding ratio from 4.95% to 5.05%; ② Ping An Asset Management previously disclosed that on January 3, after buying Agricultural Bank Of China Listed in Hong Kong, its shareholding ratio reached 5.03%; ③ Since last year, Ping An Insurance has been continuously 'sweeping up' H shares of major state-owned banks such as ICBC, CCB, PSBC, and Agricultural Bank Of China.

cls.cnJan 11 01:21 ET

The first shareholding plan for bank stocks will emerge in 2025, and the major shareholder of Bank Of Suzhou "buys and wants to buy more."

The scale is not less than 0.3 billion yuan.

wallstreetcnJan 9 05:14 ET