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Prudential's Mainland vascular 'regrowth', shandong, anhui 2 branch companies approved.
AIA (1299.HK) is continuously increasing its investment in the mainland market. On October 28, AIA's mainland subsidiary AIA Life revealed, Shandong, ...
The large-scale landing insurance industry has entered a stage of deepening application. Industry insiders suggest strengthening technological cooperation and ecological development, as well as enhancing the training of composite talents.
①Large-scale models help insurance companies transition from equal management to reduced management; ②The most difficult part of AI innovation in the insurance industry is the building of compound organizations; ③More and more asset management institutions are replacing investment analysis work with a combination of human and intelligent systems.
Express News | Yoshitsu Signs Five-Year Strategic Partnership With Saynoday To Expand "Reiwatakiya" Brand In Hong Kong And Key Asian Markets; Agreement Includes $64.3M Product Procurement And Plans For Five New Store Openings By 2027
BRICS Eyes Challenging Western Dominance, but Will It Be Successful?
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.
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.
Adjustment starting today! Major commercial banks are collectively adjusting the existing housing loan interest rates. Some small and medium-sized banks will complete the adjustment by the end of the month. A 1.25 million 25-year mortgage in Peking can sa
①Major commercial banks such as Industrial and Commercial, Agricultural, Bank of China, Construction, Communication, and Postal Savings Bank of China have collectively adjusted the interest rates of existing home loans that meet the criteria today, with some small and medium-sized banks expected to complete the process by the end of the month at the latest. ②With the combination of recent real estate support policies, there are certain signs of stabilizing and stopping the decline in the real estate market, and the phenomenon of early repayment has been alleviated.
Existing home loan interest rates are collectively adjusted today, with clients in shanghai seeing a reduction of 65 basis points in rates for those owning two properties.
Starting today, most existing home loans will undergo batch adjustments. State-owned major banks and other banks have already completed the adjustment of mortgage rates, while the adjustment process for some small to medium-sized banks may be slightly delayed.
Adjusted as scheduled! The adjustment of existing home loans for six major banks and many joint-stock banks has been implemented in batches, with some major banks already adjusted after 23:00 on the 24th.
① Up to now, six large state-owned banks and many joint-stock banks have initiated bulk adjustments of existing home loan interest rates. ② To ensure a unified adjustment on the 25th, some large banks have already started adjusting backend systems after 23:00 on October 24th. ③ Some users have posted screenshots, showing that after the adjustment of existing home loan interest rates on October 25th, the interest rate dropped from 4.8% to 3.9%, reducing interest expenses by over 0.02 million yuan.
12 joint-stock banks have completed a new round of deposit rate reduction. While the interest rates are generally falling, some banks are still issuing large-denomination certificates of deposit that are being snapped up. Will there be further reductions
①Currently, banks are starting a new round of deposit interest rate cuts, which is of great significance to stabilize interest margins, thereby ensuring the stable operation of commercial banks and continuously increasing support for financing the real economy. ②Currently, banks need to better manage the liability side, the key point is to forecast interest rate trends and make policy adjustments.
The latest adjustments have been made by nearly ten listed city commercial banks! The pressure of downward interest rate spread is becoming more prominent. Various banks are adopting different interest rate adjustment strategies to accelerate follow-up.
①Currently, about 8 listed city commercial banks, including Bank of Shanghai and Bank of Jiangsu, have made the latest adjustments to the deposit benchmark interest rates or some special deposit product rates, but the extent and intensity of the adjustments vary. ②Experts predict that small and medium-sized banks will gradually follow suit, but due to different funding costs and deposit structures of each bank, as well as differences in the market competition environment they face, they will adopt different interest rate adjustment strategies.
Hang Seng Bank Limited Goes Ex Dividend Tomorrow
Another round of reverse operation by banks? Although the LPR has decreased, the floating interest rate on loans has increased. Some banks in jiangsu: the interest rate for first homes must not be lower than 2.95%.
Today, Nanjing, Suzhou, and other places have all stated that the minimum interest rate for first home loans will be lowered to 2.95%, down from the previous LPR-90 basis points to LPR-65 basis points. Industry insiders suggest that potential home buyers should pay attention to the signal changes and that some credit policies may show signs of stabilizing.
China's Latest Rate Cuts Signal Determination to Boost Economy, Nomura Says
300 billion share buyback shareholding reloan "order", current trend, overall controllable risk for banks, may generate more business opportunities
①From the current policies and market trends, the gradual recovery of stock market and market confidence upwards is a high-probability event, and the overall risk of loans is still manageable. ②Although the interest rate spread of share buyback and shareholding loans is not particularly large, this business can be used to expand and maintain clients of listed companies, leading to more business opportunities. ③In practice, the main consideration may not necessarily be using purchased stocks as collateral, but more emphasis will be placed on the comprehensive credit rating of the borrower.
Li Yunze: Supports insurance institutions that meet the conditions to establish new securities investment funds. Currently, many insurance companies have submitted relevant applications.
Li Yunze stated that he supports financial assets investment companies to play a greater role in supporting technology innovation. Currently, the scale of the new batch of 18 pilot cities' signed intention agreements has exceeded 250 billion yuan.
Pan Gongsheng: Choose the right time to further reduce the reserve requirement ratio by 0.25-0.5 percentage points.
Pan Gongsheng expressed that it is expected to assess the market liquidity situation by the end of the year and to further reduce the deposit reserve ratio by 0.25-0.5 percentage points at an opportune time; reducing the 7-day reverse repurchase operation rate of the open market by 0.2 percentage points.
Three state-owned major banks have lowered their deposit benchmark interest rates with a maximum reduction of 25 basis points.
Industrial and commercial banks, China Construction Bank Corporation, Bank of Communications mobile banks have all updated their deposit lending rates, with six-month rates dropping to 1%. This is the second time that the major banks have reduced deposit rates in less than 3 months since July, and it is also the sixth time that major banks have proactively reduced deposit rates since September 2022.
China's Latest Round of Property Stimulus Fails to Inspire Markets
Special savings deposits are hotly recommended, with multiple banks launching new products in October. The interest rate spread for different joint-stock banks for a 3-year period can be as high as 20 basis points.
①Special deposit products, like regular deposits and large-sum certificates of deposit, belong to deposit products and are suitable for low-risk individuals. ②Although under the background of the reduction of the deposit benchmark interest rate, the interest rate of special deposit products is also in a declining state, it is relatively higher compared to regular deposits, which has a certain appeal to depositors who seek stability.