Bank of China stocks generally rose today. As of press release, Bank of Jiangxi (01916) rose 15.38% to HK$0.9; China Everbright Bank (06818) rose 5.02% to HK$2.3; and Bank of China (02016) rose 4.72% to HK$2.22.
The Zhitong Finance App learned that Bank of China stocks generally rose today. As of press release, Bank of Jiangxi (01916) rose 15.38% to HK$0.9; China Everbright Bank (06818) rose 5.02% to HK$2.3; Bank of China (02016) rose 4.72% to HK$2.22; Bank of Communications (03328) rose 2.94% to HK$5.26; and Postbank (01658) rose 2.07% to HK$3.94.
According to the news, according to a report by the Financial Federation, according to statistics, in early April, a number of small and medium-sized banks in Shanxi, Henan and other places announced a reduction in time deposit interest rates, ranging from 10 basis points to 40 basis points. Market participants believe that large, medium and small banks usually cut deposit interest rates in “steps”. The current reduction in deposit interest rates by regional banks in many places is still a continuation of the third round of commercial bank deposit interest rate cuts last year. Meanwhile, under pressure from a further reduction in bank deposit and loan interest spreads, banks across the country may begin a new “wave of interest rate cuts” on deposits in the first half of the year.
According to the judgment of Guoxin Securities (Hong Kong), after the first quarter of this year, the year-on-year decline in net interest spreads narrowed, and the pressure on banking performance eased. Net interest spreads in the banking sector fell to 1.69% in the fourth quarter of 2023, with large commercial banks falling to 1.62%. Maintaining a certain net interest spread is the foundation for the banking industry to continue to operate steadily. Furthermore, the bank believes that protecting net interest spreads in the future is an important policy consideration. It is expected that there is limited room for loan interest rates to continue to decline, and at the same time, it will continue to guide the reduction of debt-side costs. Furthermore, high-dividend individual stocks will continue to attract long-term low-risk preference capital. In addition to major state-owned banks, high dividend strategies will continue to spread to small and medium-sized banks with stable fundamentals.