In many areas of fujian, mortgage rates have been adjusted to 3.1%. Experts say that ultra-low rates are unsustainable and banks are correcting their "involution-style" competition.

①In multiple cities in Fujian Province including Xiamen, Fuzhou, Putian, etc., the housing loan interest rate has been uniformly raised from 3.05% to 3.1%. ②The unclear lower limit of interest rates has caused internal price competition among banks, this adjustment is a correction to excessively low interest rates and does not mean policy tightening.

cls.cnDec 4 06:59 ET

The no-card deposit and withdrawal business continues to tighten, with about 20 banks officially announcing adjustments to the business, leading to diffusion among small and medium banks since November.

① Since November, about 20 banks have announced restrictions on cardless deposit and withdrawal services. Throughout the year, at least 50 various banks, including state-owned banks, joint-stock banks, and small to medium-sized banks have successively announced tightened cardless services. ② From the announcements released by each bank, their reasons for adjusting cardless services are basically consistent—risk control.

cls.cnDec 1 22:42 ET

Bank of Qingdao disclosed the first quarter carbon reduction loan information of the A-share banks, and many unlisted banks have successively updated their data.

In the third quarter of 2024, the bank of qingdao issued a total of 90 million yuan in carbon reduction loans to two projects with the support of carbon reduction support tools, with a weighted average loan interest rate of 3.87%, resulting in an annual carbon reduction of 82,922.16 tons of carbon dioxide equivalent. Since the central bank implemented carbon reduction support tools, about 30 banks have disclosed information related to carbon reduction loans on their official websites quarterly.

cls.cnNov 27 06:00 ET

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