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.
Today, the six major banks and others took the initiative to lower the deposit benchmark interest rates. Experts believe this shows the effective operation of the central bank's interest rate policy transmission mechanism, which will support the stability
On October 18, the major commercial banks have lowered the deposit listed interest rates, and the LPR reported on October 21 will also reflect the corresponding decrease in policy interest rates, indicating that the market-oriented interest rate control mechanism is further improved, and the interest rate transmission channels are effectively cleared. This adjustment of deposit rates by commercial banks is beneficial for reducing the bank's cost of liabilities, providing support for stabilizing net interest margins, and enhancing the sustainability of financial support for the real economy.
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.
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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.
Investment performance is good! China Life, PICC, and Ping An have all announced positive profit forecasts. The net profit for the first three quarters is expected to increase by over 60%. Many overseas asset management companies are bullish on insurance
①Four listed insurance companies have announced good news, with the net income attributable to the mother increasing by more than 60% in the first three quarters; ② On October 16, international investment banks raised the target price of multiple insurance stocks; ③ In the past month, jpmorgan has repeatedly increased its shareholding in Ping An, while blackrock has increased its position in China Life and PICC.
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①The video platform's video quality adjustment strategy is generally based on a balance of user experience, creator experience, and cost control; ②However, while user growth and traffic scale increase, it is difficult for video platforms to achieve a perfect triangle in terms of technology, cost, and user experience, and they can only pursue the most cost-effective solution, cost reduction and efficiency improvement is the general trend.
The longest november 11 shopping festival-related sale in history! Emphasizing quality, e-commerce platforms and live streamers confront "vicious internal competition".
①Within the first 30 minutes after the start of sales, 20 beauty brands on Tmall have achieved sales exceeding 100 million yuan, with 8 individual products surpassing the hundred million mark. ②This year's november 11 shopping festival-related major promotions, under the active competition of various e-commerce platforms, have extended from 3 weeks in advance to around a month in advance.
The wave of adjustments in existing home loan interest rates has expanded to rural banks and private banks, and the downward trend of LPR will further drive down mortgage rates.
On October 14th, hundreds of rural banks across the country issued announcements on the adjustment of existing individual housing loan interest rates, with some private banks and foreign banks following suit in the past two days. As a result, the participation in the adjustment of existing mortgage rates has basically expanded to all domestic commercial banks; Different banks have different requirements for overdue loans and non-performing loans; Several experts believe that there is still room for reduction in the LPR, which will further drive down future mortgage rates.
Dongfeng Honda has fallen by more than 50% for three consecutive months. Japanese brands hope to leverage the recovery of rbob gasoline vehicles to counter the rebound in the fourth quarter.
1. china Association of Automobile Manufacturers released data showing that in September, the domestic sales volume of passenger vehicles was 2.068 million units, an increase of 18.6% month-on-month, a decrease of 1.8% year-on-year; 2. In September, Honda's cumulative sales of terminal automobiles in China were 62,586 units, up 9.88% month-on-month, and down 42.93% year-on-year.
Confirmed! The six major banks will collectively adjust the existing housing loan interest rates on October 25th. There are cases where the highest interest saved can reach 0.14 million yuan. These situations require manual application.
①In peking, shanghai, shenzhen and other areas, the first home loan rates higher than LPR-30BP and all existing home loan rates higher than LPR-30BP will be uniformly adjusted to LPR-30BP. ②In peking, shanghai, shenzhen and other areas, the second home loan rates higher than the corresponding policy floor will be uniformly adjusted to the local corresponding policy floor.
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.
How is the participation rate of 500 billion yuan convenience tool insurance in the exchange? Leading insurance companies speak out, strengthen policy detail research and make full use of tools.
①China Life Insurance stated that it is necessary to strengthen the detailed research on policies, fully utilize the swap convenience tools; ②It is important to combine the actual situation in terms of asset-liability structure, solvency constraints, medium and long-term allocation strategies, stability requirements of returns, equity allocation ratio, etc., to formulate investment and financing strategies that meet its own characteristics and requirements, and flexibly use swap convenience tools.
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Insurance funds are accelerating portfolio adjustments, ping an insurance-related private equity funds plan to reduce shareholding in two gem companies, at least 6 listed companies in this round of market have been reduced by insurance funds.
①CIMC Vehicles and Range Intelligent Computing Technology Group, two gem companies, disclosed on the same day that they are expected to be reducing their holdings by multiple private equity fund shareholders, all of whom are related to Ping An Insurance. ②Recently, insurance funds have accelerated their portfolio adjustments, with at least six A-share companies being targeted for shareholding reduction in this round of market trends. ③On October 9th, several leading insurance companies made statements, stating that they will further leverage the role of the capital markets as a "stabilizer" and "booster".
E-commerce november 11 shopping festival-related performance anxiety? Multiple platforms rush to start sales, subsidize logistics.
①Major e-commerce platforms are more eager to start this year's november 11 shopping festival-related, and have generally significantly advanced the sales and pre-sale time of this year's major promotion. ②Against the background of interconnection, the relatively low e-commerce penetration rate and the need for improved logistics construction, the Hong Kong market is still an important battlefield for top e-commerce competition.