The four major banks announced: there will be a bulk adjustment of existing home loan interest rates on October 25.

This morning, industrial and commercial bank of china, agricultural bank of china, bank of china, and china construction bank all issued announcements regarding the bulk adjustment of existing individual housing loan rates.

cls.cnOct 11 20:54 ET

Non-public offering of information disclosure violations, yueyang forest & paper's controlling shareholder receives warning letter | Quick Read Announcement

①As a result of the previous issuance of additional shares, there were violations in the disclosure process, and the direct controlling shareholder of yueyang forest & paper received a warning letter. ②Affected by the industry downturn, the gross margin of new projects undertaken has decreased compared to previous years, and Chengtong Kaisheng's net income in H1 of this year has changed from profit to loss.

cls.cnSep 18 10:24 ET

A-share listed banks' semi-annual report: 41 banks continue to explore interest rate spreads, 12 banks experience negative growth in net income. The window for another round of interest rate cuts for existing housing loans has opened, posing a potential c

① In the first half of the year, the net interest margin of 41 banks collectively declined, with 9 banks experiencing a decrease of 2% or more in their interest margin compared to the same period last year; there were as many as 12 banks with a negative growth in net income attributable to the parent, an increase of 7 compared to the same period last year. ② Experts believe that the continued narrowing of the net interest margin has put certain pressure on the profitability of banks, and the possible reduction of interest rates for existing housing loans in the near future will further challenge the interest margin of banks and increase operating pressure.

cls.cnAug 31 03:53 ET

China Southern Airlines: International and Hong Kong, Macao, and Taiwan flights have resumed to 80% of the same period in 2019. Ground service fees are facing upward pressure. | Direct coverage of earnings conference

①Nanhang Logistics' net income in the first half of the year increased by more than 30% year-on-year to 1.7 billion yuan, making it the most profitable subsidiary of Nanhang Airlines. ②Nanhang Airlines stated that in 2024, due to production recovery, international ground service price increases, and domestic airport fees, the company will face significant upward pressure on landing and takeoff ground service fees. ③Nanhang's first C919 will enter commercial operation on September 19, with its maiden flight operating on the Guangzhou-Shanghai Hongqiao route.

cls.cnAug 30 10:11 ET

Hainan's offshore duty-free pressure, China Tourism Group Duty Free Corporation's revenue and net profit both declined. Analysts believe that the impact of the new tax-free policy in the city is limited. | Interpretations of financial reports

①This year, China Tourism Group Duty Free Corporation's revenue decreased by 12.81% YoY, and net income attributable to shareholders decreased by 15.07% YoY; ②Recently, several departments issued a notice on improving the policy of downtown duty-free shops, and the Hainan Provincial Department of Commerce hosted the distribution of Hainan Province's 'flight ticket + duty-free' consumer vouchers; ③Analysts believe that the new policy of downtown duty-free shops has a narrow range of customer base and limited impact on the duty-free market.

cls.cnAug 30 08:00 ET

Industrial and Agricultural Bank of China, among other state-owned banks, have taken action and a new round of deposit rate cuts has officially formed?

According to the Daily Economic News, a major bank will reduce its deposit benchmark interest rate on July 25, with a 20 basis point reduction for a 2-year term. More news is being updated.

wallstreetcnJul 24 13:53 ET