When will the revenue growth rate turn positive? The management of Shanghai Pudong Development Bank gave a clear response, stating that the company will continue to "go all out" in the operation in the fourth quarter.

1. The president of shanghai pudong development bank, Xie Wei, stated that after excluding the one-time effect of the sale of the equity in the previous year, the revenue for the first three quarters increased by 1.265 billion yuan, a growth of 0.98% year-on-year. 2. In response to how to strengthen risk management, stabilize interest margins, and cope with the impact of exchange rates fluctuations, the management of shanghai pudong development bank also provided responses.

cls.cnNov 13 09:18 ET

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

"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

Agricultural Bank of China Limited (ACGBY) Q3 2024 Earnings Call Transcript Summary

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China Construction Bank Corporation (CICHY) Q3 2024 Earnings Call Transcript Summary

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