State-owned major banks are taking action again, the bank of communications has raised the debit card Alipay quick payment limit, and three national banks have launched a "raising limit action".

On the afternoon of November 7, bank of communications announced on its official website that starting from November 18, 2024, the quick payment limit of bank of communications debit cards in Alipay consumer scenarios will be increased to RMB 0.2 million per transaction, RMB 0.2 million per day, and RMB 6 million per month. Recently, postal savings bank of china and cm bank have also increased the quick payment limits for their debit cards on Alipay or WeChat.

cls.cnNov 7 22:48 ET

Agricultural Bank of China Limited (ACGBY) Q3 2024 Earnings Call Transcript Summary

moomoo AINov 2 04:20 ET · Conference Call

China Construction Bank Corporation (CICHY) Q3 2024 Earnings Call Transcript Summary

moomoo AINov 1 23:57 ET · Conference Call

The interest spread continues to narrow, with china construction bank corporation's revenue declining by 3.3% in the first three quarters! The earnings conference reveals: the scale of early repayment has decreased, and the long-term trend still needs fur

In the first three quarters of this year, China Construction Bank Corporation achieved revenue of 569.022 billion yuan, a decrease of 3.30% compared to the same period last year; the net income attributable to owners was 255.776 billion yuan, a slight increase of 0.13% year-on-year. In the first three quarters, China Construction Bank Corporation's interest and fee income declined significantly, affected by factors such as exchange rates and capital market fluctuations, while other non-interest income increased significantly year-on-year.

cls.cnOct 30 19:44 ET

Nine joint-stock banks have followed suit today, with seven banks including Everbright and Guangfa announcing a reduction in the deposit benchmark interest rates, with the highest fixed deposit rate cut by 25 basis points.

①The current banks have started a new round of deposit rate cuts, which is of great significance in maintaining interest margins, thereby ensuring the stable operation of commercial banks and increasing the support for financing the real economy continuously. ②This round of bank deposit rate cuts is expected to basically offset the impact of various loan rate cuts on net interest margins.

cls.cnOct 21 09:39 ET

Share buyback shareholding loans quickly landed! ICBC, BOC, ABC, CMB, CITIC and other first batch of multiple banks announced progress. Some banks have already shown cooperation intentions with nearly a hundred listed companies.

1. As of now, Bank of China has reached cooperation intentions with nearly a hundred listed companies, with 32 listed companies explicitly promised loans, covering multiple industries such as integrated circuits, transportation, high-end manufacturing, and business services; 2. The banks stated that they will strictly adhere to the risk compliance bottom line, rigorously prevent crediting funds that do not meet the conditions of stock increase stake & buyback and refinancing policies from illegally flowing into the stock market.

cls.cnOct 21 03:54 ET