As the Spring Festival approaches, many banks are adjusting their rules to cope with the peak of Overseas travel. After China Everbright Bank set card limit, Hankou Bank has closed magnetic stripe Trade.
On December 24, Hankou Bank announced on its official website that it will completely close magnetic strip chip composite debit card transactions overseas. This follows a previous adjustment by China Everbright Bank regarding the overseas card limit, marking another bank adjusting its overseas card transaction policies; With the Spring Festival holiday approaching, overseas travel will peak, and banks adjusting the related overseas card Consumer rules will help protect customers' funds.
Outperforming 92% of stocks within the year! The four major banks have reached a new high again, and this month they have all faced Shareholding reductions by financing clients.
① Today, the stock prices of the four major banks collectively set new historical highs, with an average increase of nearly 47% this year, outperforming 92% of stocks during the same period. ② Excluding new stocks, a total of 10 stocks reached historical highs today, most of which are CNI Mid-Small Cap.Index stocks, with a relatively high number of Transportation stocks. ③ The four major banks have all experienced shareholding reductions by financing clients this month, including the Industrial And Commercial Bank Of China, which has seen a net sell-off of nearly 0.2 billion yuan in financing this month.
The HSBC HOLDINGS Manufacturing PMI for December is 57.4, exceeding the previous month.
In December, India's HSBC HOLDINGS Manufacturing PMI was 57.4, exceeding the previous month's figure. The December HSBC HOLDINGS Manufacturing Purchasing Managers' Index (PMI, preliminary) stood at 57.4, surpassing last month's 56.5. Additionally, the HSBC HOLDINGS Services PMI for the same month rose to 60.8 from last month's 58.4. The Ministry of Finance recently indicated that the economic slowdown in the July-September period was temporary and that the growth rate would accelerate again in the second half of fiscal year 2024.
The only wholly foreign-owned consumer finance company will change ownership, with JD.com leading the acquisition of 65% of the shares in Home Credit, and foreign trade REITs and BANK OF TIANJIN taking stakes.
① Among the 5 newly introduced Shareholders, the top two Shareholders are both from entities under JD.com, collectively holding 65% of the shares of Jiexin Consumer Finance. ② Individuals close to BANK OF TIANJIN revealed that investing in Jiexin Consumer Finance is due to the large consumer scenarios of JD.com. This move can also enhance the Technology gene of BANK OF TIANJIN.
In order to respond to the "intense battle" next year? At the end of the year, many Banks are making intensive adjustments to their Business structure, and the special mechanism for the "five major articles" is gradually being established.
① First, merging the functions of the head office departments clearly indicates a reduction in costs and an increase in efficiency; second, a special department dedicated to the five major articles is being established. ② Retailing Crediting may become one of the focal points for Banks next year. ③ It is expected that the special institutions for the five major articles will be established gradually, as each one matures.
The LPR Quote for December has been released! The 1-year and 5-year rates remain unchanged.
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