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State-owned banks are aggressively entering the market, will personal consumer loans become the new "king of competition"? Industry insiders say: the market space has not yet reached its peak.
In recent days, many major banks have successively announced relevant special plans and vigorously entered the Consumer loan market. Since the beginning of the year, the interest rates on bank Consumer loans have successively broken the "2.6" and "2.5" thresholds, with the lowest rate now dropping to around 2.4%. The state-owned large banks first squeezed not the space of local commercial banks, but rather various illegal and legal online lending and Internet loan platforms. However, banks still need to strengthen risk management to reduce subsequent non-performing loans.
Goldman Sachs comments on Tencent's Earnings Reports: Surpassing expectations! The market will focus on AI applications.
Goldman Sachs stated that Tencent achieved better-than-expected performance, mainly due to strong growth in its Gaming and Advertising Business, along with a significant increase in investments in AI-related fields. It is expected that Tencent will continue to benefit from the WeChat ecosystem, Global gaming Assets, and the application of AI technology in the future, with the market focusing on the progress of AI applications and the growth prospects of Gaming.
The LPR Quote for March is out: both the 5-year and 1-year rates remain unchanged.
The loan market Quote interest rate (LPR) for March has been announced: the LPR for more than 5 years is 3.6%, the same as last month at 3.6%. The 1-year LPR is 3.1%, the same as last month at 3.1%.
Tencent conference call: Chinese Technology companies prioritize efficiency, with capital expenditures lower than their Western counterparts, as proven by DeepSeek.
Tencent executives stated that capital expenditures are mainly used for purchasing GPUs, which have brought high ROI. With breakthroughs in DeepSeek technology, the efficiency of GPU resource utilization has improved, eliminating the need for large-scale GPU purchases as originally planned. AI-enhanced technology has improved returns on investment for advertisers, contributing to Tencent's growth rate, which exceeds the Industry average. At the same time, AI has also supported the Business sector, with deferred revenue (primarily from games) experiencing a year-on-year growth in the high double digits at the end of last year, and it is expected to gradually convert into reported revenue this year and next. AI has become a key investment area while also taking into account Shareholder returns.
Tencent Holdings Limited (TCEHY) Q4 2024 Earnings Call Transcript Summary
'AMD CEO Lisa Su Visits China, Touting AiIChip Compatibility With DeepSeek, Alibaba Models; The U.S. Semiconductor Firm And Main Rival Of Nvidia Has Been Promoting Its Infrastructural Support For DeepSeek's AI Models' - SCMP