This is the 10th one this year! The acceleration of closing and merging the off-site credit card sub-centers has been followed by MINSHENG BANK after Bank Of Communications.

① The latest regulatory approval information shows that within less than two weeks, MINSHENG BANK closed two credit card remote sub-centers located in North China and Northeast China. ② This year, Bank Of Communications has already shut down 8 credit card remote sub-centers, and along with MINSHENG BANK's 2 latest cases, the total number of credit card remote sub-center closures in the Industry has exceeded ten.

cls.cnMar 18 04:20 ET

30 billion yuan! This year, the first perpetual bond from state-owned banks goes to Postal Savings Bank Of China, and the issuance of "two perpetual bonds" has become relatively bland as the year begins.

① This evening, the Postal Savings Bank Of China announced that the perpetual capital bonds (first phase) registered on February 19 were issued on February 21, 2025. The issuance scale of this bond is 30 billion yuan, with a nominal interest rate of 1.99% for the first five years. ② Since the beginning of the year, no other large state-owned banks have released information about the issuance of perpetual bonds. So far this year, no commercial banks have disclosed relevant information regarding secondary capital bonds.

cls.cnFeb 21 07:47 ET

Continuing to increase the pace, Ping An will increase its Shareholding in three Banks after the New Year.

Ping An Insurance's enthusiasm for bank stocks continues. On February 11, the Hong Kong Stock Exchange disclosed that Ping An and its subsidiary Ping An Asset Management had consecutively increased their shareholding on February 6.

wallstreetcnFeb 12 04:31 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

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