In November, the MLF volume continued to shrink. Previously, the 500 billion buy-back reverse repurchase has released medium-term liquidity ahead of schedule. The industry expects the reserve requirement ratio cut to be implemented faster.

①The funding operation mode of shortening and lengthening funds continues. On the one hand, the central bank continues to reduce the MLF operations volume, reduce the existing stock to mitigate its impact on the liquidity market. On the other hand, short-term funds continue to be net injected to hedge against cross-month fund pressure, strengthening the guiding position of reverse repurchase agreements on market interest rates. ②Local government bonds are centrally supplied, and the MLF is likely to see a quicker implementation under the reduced volume environment.

cls.cnNov 24 22:40 ET

Is the ban on city commercial banks "going out of province" loosening? Harbin Bank has been approved to acquire a rural bank in Chongqing and to establish a branch outside the province.

① The industry claims that there has been no relaxation in the policy for setting up branches by city commercial banks outside the province, but the case of harbin bank is "worthy of support and encouragement." ② According to information from regulatory agency websites, this should be the first case in the year of a city commercial bank establishing a branch outside the province through the acquisition of its affiliated village bank. ③ Previously, the village bank under Jiutai Rural Commercial Bank located in Shandong Province completed its disposal by exiting and transferring equity.

cls.cnNov 21 23:45 ET

Bank of qingdao, bank of guiyang and others have received intensive research. Interest rate spread pressure will still be a focus of concern next year. The reserve volume and structure of the opening red project of many banks have been "exposed."

① Under the backdrop of debt conversion, some regional banks are expected to benefit from the improvement in the fundamentals brought by the local economic development and debt restructuring. ② Regulatory requirements will assist listed banks with relatively low price-to-book ratios to strengthen dividends and increase stake & buy back, gradually enhancing valuation levels. Additionally, the management expectations of market cap for major index components will help bring long-term capital into the market, indirectly supporting high dividend sectors such as banks.

cls.cnNov 21 07:58 ET

Liu Yonghao once again trusts minsheng bank

Why add more investment?

wallstreetcnNov 20 23:09 ET

Bloom Energy Downgraded at HSBC After Ripping Higher in Recent Days

Seeking AlphaNov 20 14:19 ET · Ratings

Rare! This rural commercial bank is offering a 5-year fixed deposit interest rate of 1.5%, which is lower than the 1.55% level of state-owned banks. It is referred to as a "case" in the industry.

①Recently, Wuxiang Rural Commercial Bank adjusted the deposit execution interest rates, lowering the execution interest rates for personal fixed-term deposits of two years, three years, and five years to 1.5%, with the five-year execution interest rate being lowered below the lowest level of the state-owned banks' published rates. ②The phenomenon of the aforementioned rural commercial bank reducing rates beyond the mid- to long-term levels of state-owned banks is still considered an isolated case.

cls.cnNov 20 10:05 ET