Rules for the normalization of existing house loan interest rates have arrived! Understand it in one article.

①Preliminary statistics show that as of October 28, 21 nationwide banks have completed batch adjustments, totaling 53.667 million transactions, reducing the outstanding housing loan interest rates by 25.2 trillion yuan. ②After this round of batch adjustments, the interest rates for existing housing loans have been reduced to 3.3%. If the gap between existing and new housing loan rates is greater than 30 basis points, it will drive a new round of reductions in existing housing loan rates.

cls.cnOct 30 22:45 ET

The operating conditions of the six major state-owned banks in the first three quarters have all been revealed, with a total net profit attributable to the parent company exceeding 1 trillion, earning 3.867 billion per day, and the overall asset quality i

As of October 30, the quarterly reports of state-owned major banks have all been disclosed. Among the six state-owned major banks, the revenues of ICBC, ABC, and BOC for the first nine months year-on-year. Bank of Communications, Agricultural Bank of China, China Construction Bank showed that the proportion of time deposits is still rising.

cls.cnOct 30 09:52 ET

The Agricultural Bank's net profit increased by 3.6% in the first three quarters. The earnings conference will reveal the progress of "capital injection". Management expects stable interest margins this year and pressure will persist next year.

①Agricultural Bank is advancing the implementation of capital replenishment in accordance with the overall arrangements of regulatory institutions and shareholders. "Currently, we are actively communicating with relevant departments and studying and demonstrating the plan for core Tier 1 capital replenishment." ②Looking at the changes from next year, under the macro policy guidance of financial benefits to the real economy, it is expected that Agricultural Bank's net interest margin will continue to be under pressure, and the trend of changes will remain basically consistent with peers.

cls.cnOct 30 08:41 ET

The 'Retail King' third-quarter report is released, with net interest margin narrowing, cm bank's revenue and net profit slightly decreasing in the first three quarters, total assets approaching 12 trillion.

①The decrease in return on interest-earning assets is the main factor driving the decline in net interest margin; ②The non-performing loan ratio of China Merchants Bank is 0.94%, a decrease of 0.01 percentage points from the end of the previous year; ③The weighted average mortgage rate for individual housing loans is 36.29%, an increase of 3.36 percentage points from the end of the previous year.

cls.cnOct 29 06:45 ET

When will the repricing cycle change after the adjustment of the existing house loan interest rate? ICBC and CMB are already preparing relevant work, while many banks have no plans yet.

Industrial and Commercial Bank of China, CM Bank stated that they are actively preparing for the relevant work of redefining the 'repricing day' for housing loans. Prior to this, the central bank announced that starting from November 1, 2024, for floating-rate contracts, borrowers of commercial individual housing loans can negotiate with banks and financial institutions in the industry to agree on a repricing cycle. Today's adjustment of existing housing loan interest rates only involves additions or deductions, and does not involve changes in repricing cycles.

cls.cnOct 25 06:58 ET

October's MLF maturity scale is the largest since the beginning of the year. The central banks will continue to reduce the balance sheet by 700 billion yuan. Industry insiders expect that starting from October, the addition of bank loans will resume year-

1. In October, the MLF operation interest rate remained unchanged, with an operation scale of 700 billion. The amount of MLF due that month was 789 billion, the largest due amount since the beginning of the year. This means that a slight reduction in operations was implemented this month. 2. Industry insiders point out that the reduction in operation scale this month is not significant, determining that new bank loans will resume year-on-year growth from October.

cls.cnOct 24 23:53 ET