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Huatai Securities published a report noting that ICBC (01398.HK) posted 2024 net profit growth slightly below the broker’s prior forecast of 0.43%, primarily due to fading investment income. The broker forecast ICBC’s EPS at RMB1.04, RMB1.07, and RMB1.11 for 2025-27, respectively. The broker highlighted ICBC’s ...
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Four major state-owned banks in China, namely CCB (00939.HK), BANK OF CHINA (03988.HK), BANKCOMM (03328.HK), and PSBC (01658.HK), simultaneously announced that their boards had approved proposals to issue A-shares to specific entities, including the Ministry of Finance (MOF), Ping An Securities released a report indicating.The t...
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In 4Q24, the majority of Chinese banks covered by Citi, excluding Ping An Bank (000001.SZ) and MINSHENG BANK (01988.HK), posted impressive net profit growth. Among them, CM BANK (03968.HK) manifested the strongest YoY PPOP growth at 13.8%, while Changshu Bank (601128.SH) was the weakest, declining 10.9% YoY. In terms of profit g...
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The HSI ended the midday down 404 points or 1.7% at 23,022. The HSCEI dropped 126 points or 1.5% to 8,479. The HSTECH slipped 168 points or 3.1% to 5,338.Among tech stocks, BABA-W (09988.HK), TENCENT (00700.HK), JD-SW (09618.HK), and BIDU-SW (09888.HK) slid 2.8-3.9%. XIAOMI-W (01810.HK), BILIBILI-W (09626.HK), and KUAISHOU-W (01...
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22
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43
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Four state-owned banks, including CCB (00939.HK), BANK OF CHINA (03988.HK), BANKCOMM (03328.HK) and PSBC (01658.HK), announced capital injection plans of China's Ministry of Finance (MOF) and other organizations. CCB proposed to issue 11.33 billion A-shares to the MOF (at a price of RMB9.27 per A-share) to raise up to RMB105...
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