Sinomach Heavy Equipment Group (601399.SH): Plans to sign a 'Financial Services Agreement' with Agricultural Bank Of China, Bank Of China, and others.
On February 17, Gelonghui reported that Sinomach Heavy Equipment Group (601399.SH) announced that in order to establish a long-term and stable cooperative relationship, and based on the principles of legal compliance and friendly cooperation, the company plans to sign a "Financial Services Agreement" with Agricultural Bank Of China, Bank Of China, Industrial And Commercial Bank Of China, and China Construction Bank Corporation to provide financial services for the company, with an agreement validity period of three years.
Agricultural Bank Of China will distribute a total of 1.936 billion yuan in cash dividends for the second phase of preferred shares on March 11.
The Agricultural Bank of China (01288) announced that it will distribute cash dividends for the fiscal year 2024-2025 to all shareholders of its Phase II preferred shares (Shanghai Stock Exchange stock code: 360009) who are registered as of the close of business on March 10, 2025, on Tuesday, March 11, 2025. Based on a nominal dividend rate of 4.84%, a cash dividend of 4.84 yuan (tax included) will be paid per preferred share (par value 100 yuan), amounting to a total dividend of 1.936 billion yuan (tax included) distributed among 0.4 billion shares.
CITIC SEC: The next phase of absolute returns in the Banks sector is still worth期待. Two main lines are recommended.
CITIC SEC's Research Reports state that the performance summaries released for 2024 show that the overall operation of the listed Banks is stable.
Zhitong Hong Kong Stock Shareholder Equity Disclosure | February 17
Disclosure of Shareholder equity in Hong Kong stocks | February 17.
Agricultural Bank of China Announces Key Resolutions Including Executive Appointment and Dividend Scheme
Express News | Agricultural Bank of China - Approved Appointment of Meng Fanjun as Executive Vice President of Bank
ABC: ANNOUNCEMENT ON THE RESOLUTIONS OFTHE BOARD OF DIRECTORS
Trending Stocks Today: ALI HEALTH Shoots up 20%
Continuing to increase the pace, Ping An will increase its Shareholding in three Banks after the New Year.
Ping An Insurance's enthusiasm for bank stocks continues. On February 11, the Hong Kong Stock Exchange disclosed that Ping An and its subsidiary Ping An Asset Management had consecutively increased their shareholding on February 6.
【Brokerage Focus】CITIC SEC expects fluctuations in the capital market in February, with the annual credit expansion pace possibly showing a "low at both ends and high in the middle".
Jinwu Finance | CITIC SEC stated that looking at the forward financial data, due to factors at the beginning of the year combined with a high base figure, the bank expects the increase in RMB loans in January to approach 5 trillion yuan, and the growth rate of social financing is expected to maintain around 8.0%. The favorable start to lending at the beginning of the year and the government's proactive fiscal measures, along with the multidimensional effects of precise regulation by monetary authorities, have resulted in a neutral to tight funding environment in January. Looking ahead, the sustainability of the favorable start to lending, the pace of government bond issuance, and the intensity of liquidity injections by the central bank may be core determining factors for the funding market and credit market in the next stage. The funding market in February is expected to have space for fluctuations, and the pace of credit expansion for the whole year may present.
CITIC SEC: The Banks Sector returns to the fundamental framework, focusing on absolute return opportunities.
The difference between the dividend yield and the risk-free yield has widened, which also implies an enhancement in the potential allocation strength of Banks stocks.
Agricultural Bank Of China (01288.HK) has received a Shareholding increase of 44.302 million shares.
On February 10, according to the latest equity disclosure information from the Stock Exchange, on February 5, 2025, Agricultural Bank Of China (01288.HK) was increased by Ping An Asset Management Co., Ltd. by 44.302 million shares at an average price of HKD 4.2475 per share, involving approximately HKD 0.188 billion. After the increase, the latest shareholding number of Ping An Asset Management Co., Ltd. is 1,871,067,000 shares, with the shareholding ratio rising from 5.94% to 6.08%.
XLCS Partners Advises American Building Contractors on Sale to Diversified Roofing Group
The central bank: In January, the operations of the standing lending facility for Financial Institutions totaled 17.105 billion yuan.
In January 2025, the People's Bank conducted standing lending facility operations for Financial Institutions totaling 17.105 billion yuan, including 11.335 billion yuan for overnight, 1.77 billion yuan for 7-day, and 4 billion yuan for 1-month periods.
After the emergence of DeepSeek, multiple Banks have initiated in-depth research testing, and the implementation of large models in the Industry is still in open exploration.
Several Banks' fintech leaders have expressed to the Financial Associated Press that they are already paying attention to and beginning to study the impact of DeepSeek on bank fintech. As models like DeepSeek can greatly reduce training and usage costs, they will provide significant assistance for the future widespread application of large models in Banks. However, large models in the banking system are still in the phase of open exploration.
Number of Chinese Private Pension Funds Sales Agencies Grows
Huayuan Cable (605196.SH): Received the "Loan Commitment Letter from Agricultural Bank Of China".
On January 27, Geelong Hui announced that Huadong Cable (605196.SH) stated that recently, the People's Bank of China and other relevant departments optimized the specific implementation details for Share Buyback and Shareholding re-loans. The company communicated with the Hebei branch of the Agricultural Bank Of China (referred to as "Agricultural Bank Hebei branch") and received a "Loan Commitment Letter from the Agricultural Bank Of China", adjusting the original commitment of 70 million yuan in loan funds by the Agricultural Bank Hebei branch to 90 million yuan specifically for Share Buyback.
Agricultural Bank of China Limited (HKG:1288) Is a Favorite Amongst Institutional Investors Who Own 47%
Express News | Agricultural Bank of China - Wang Wenjin Was Appointed as an Executive Vice President of Bank
Agricultural Bank Of China (01288): Zhuang Yumin's appointment as an independent non-executive Director has taken effect.
The Agricultural Bank Of China (01288) announced that Zhuang Yumin has been elected as an independent non-executive Director at the temporary Shareholder meeting, ...