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JPMorgan wrote in a report that it remained positive on 2H24 for the Chinese banking sector, which it believed will benefit from a shift in regulatory focus towards protecting bank net profits and policy support to stabilise the macro growth outlook in 2H24. The bank expected a turnaround in revenue and profit growth in the seco...
Recommend
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Positive
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CICC said the Political Bureau of the Central Committee of the Party held a meeting yesterday (30th), on which it stated that “the adverse effects wrought about by changes in the external environment increased, and domestic effective demand was insufficient”. Compared with the statement made at the Political Bureau m...
Recommend
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CICC, in its research report, expected that the income of listed China banks in 2Q24 will sink 2% YoY, and net profit will hike 0% YoY, which is still relatively stable. This is majorly attributable to measures such as banning manual interest rate adjustments and controlling the cost of deposits, which improve the cost of liabil...
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HSI lifted 309 points or 1.8% to 17,331 at half-day. HSCEI increased 109 points or 1.8% to 6,120. HSTECH inclined 61 points or 1.8% to 3,505. Half-day turnover totalled $45.582 billion.Oil stocks rose, SINOPEC CORP (00386.HK) and CNOOC (00883.HK) gained 2.1% and 3.3%, while oil service company CHINA OILFIELD (02883.HK) added 3%....
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The National Development and Reform Commission (NDRC) and the Ministry of Finance (MOF) of China issued a circular entitled “Certain Measures on Strengthening Support for Large-scale Equipment Replacement and Trade-in of Consumer Goods”, proposing to coordinate the arrangement of an ultra-long-term special sovereign ...
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