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.cn22:40 ET

China CITIC Bank Updates on Interim Dividend

MT NewswiresNov 20 23:14 ET

China CITIC Bank Corporation will distribute a mid-term dividend of 1.847 yuan for every 10 shares on January 15, 2025.

China Citic Bank Corporation (00998) announced that it will distribute a mid-term dividend of RMB 1.847 per 10 shares for the six months ending on June 30, 2024 on January 15, 2025.

Sina Hong Kong StocksNov 20 19:20 ET

Rare! This rural commercial bank is offering a 5-year fixed deposit interest rate of 1.5%, which is lower than the 1.55% level of state-owned banks. It is referred to as a "case" in the industry.

①Recently, Wuxiang Rural Commercial Bank adjusted the deposit execution interest rates, lowering the execution interest rates for personal fixed-term deposits of two years, three years, and five years to 1.5%, with the five-year execution interest rate being lowered below the lowest level of the state-owned banks' published rates. ②The phenomenon of the aforementioned rural commercial bank reducing rates beyond the mid- to long-term levels of state-owned banks is still considered an isolated case.

cls.cnNov 20 10:05 ET

China Citic Bank Corporation (00998): Fu Yamin nominated as a candidate for non-executive director.

China Citic Bank Corporation (00998) announced that Crown Holdings Limited, as a shareholder holding more than 3% of the voting shares of the bank...

Zhitong FinanceNov 20 06:55 ET

China Citic Bank Corporation (00998) will distribute a mid-term dividend of 1.847 yuan for every 10 shares on January 15, 2025.

China Citic Bank Corporation (00998) announced that it will distribute dividends on January 15, 2025, for the period ending June 30, 2024...

Zhitong FinanceNov 20 06:48 ET