Why did the revenue and profit decrease in the first three quarters? How will the bank of communications respond to interest rate pressure in the fourth quarter? The earnings conference will address multiple hot topics in the industry.

① Regarding the decline in net profit and operating income in the first three quarters, the Bank of Communications said at a performance briefing today that the main thing is that processing fees, investment valuations, and exchange gains and losses were relatively weak, but it is anticipated that the one-time impact of policy factors on rival renewal revenue will gradually subside next year. ② In the first three quarters, Bank of Communications's net interest yield was 1.28%, down 2 basis points from the previous year.

cls.cnNov 12 06:06 ET

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

Brokerage morning meeting highlights: China's semiconductor industry's domestic market demand and self-controllable direction are clear.

At today's brokerage morning meeting, citic sec believes that the domestic market and self-controllable direction are clear development directions for China's semiconductor industry; gtja pointed out that the improvement in domestic demand is expected to continue to heat up, highlighting the elasticity of baijiu; htsc stated that bank performance is expected to stabilize, seizing structural opportunities.

cls.cnNov 7 19:44 ET

Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.

①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.

cls.cnNov 7 02:30 ET

zybank 26.07 million shares of equity under the 'Withdrawal Golden Order', at least four equity transactions will be listed within the year.

zybank has listed at least 4 equity transactions on the Peking Property Exchange within the year, with the transferors all having backgrounds in state-owned central enterprises. In the first half of the year, zybank's overall performance has shown some signs of recovery compared to last year, but asset quality is still under sustained pressure.

cls.cnNov 5 07:45 ET

"Blank period" a month later, perpetual bond issuance of banks intensifies: minsheng bank kicks off the fourth quarter issuance, followed by China Merchants Bank, Ping An, and Bank of Suzhou in November.

①From the perspective of the issuer type, perpetual bonds issued by banks show that there are relatively more issuances by small and medium-sized banks, and the issuance scale of state-owned large banks and commercial banks is relatively larger; ②Issuing perpetual bonds can effectively supplement the other Tier 1 capital of banks, enhance capital adequacy ratio, can meet regulatory requirements, and strengthen risk resistance capability.

cls.cnNov 5 05:19 ET