No Data
Hong Kong Stock Morning Report | This year, insurance funds have participated in equity offerings 16 times, almost all in Hong Kong stocks. Many Banks have lowered the interest rates on large-denomination time deposit products.
① The issuance scale of European Bonds has exceeded 1 trillion euros at the fastest rate in history. ② Trump stated that the total cost of the new missile defense system will reach 175 billion dollars. ③ This year, insurance funds have made 16 large investments, almost all in Hong Kong stocks. ④ The three major U.S. stock market indices closed lower, with most popular Chinese concept stocks declining. ⑤ Several Banks have lowered the interest rates of large-denomination certificates of deposit to 'the 1 range.'
China Cuts Lending Rates To 3%
Official announcement! The LPR was lowered by 10 basis points in May, and the mortgage rate will be further reduced to ease the pressure on net interest margins. A new round of deposit rate cuts also began on the same day.
① A reduction in LPR will further drive down the financing costs of the real economy, stimulate credit demand, and promote corporate investment. ② With a policy interest rate cut of 10 basis points and a corresponding reduction in LPR, the subsequent decrease in the banks' liability costs is a necessity to strengthen interest rate coordination, stabilize interest margins, and achieve the monetary policy's "four-fold balance" objective, while also creating space to further lower the comprehensive financing costs for enterprises.
The LPR Quote for May has been released: both the 5-year and 1-year rates have been reduced by 10 basis points.
The loan market quoted interest rates (LPR) for May have been announced: the LPR for over 5 years is 3.5%, down from 3.6% last month. The 1-year LPR is 3%, down from 3.1% last month.
Brokerage morning meeting highlights: focus on the new logic of Bank allocation under Fund reform.
In today's brokerage morning meeting, China International Capital Corporation stated that it has postponed the Federal Reserve's interest rate cut prediction to the fourth quarter; Caitong believes that the reserve requirement ratio reform has already begun; HTSC emphasized the importance of the new logic of Bank allocation under Fund reform.
The Market Cap of the trillion-dollar bank stocks is skyrocketing, catching public and private funds off guard.
Investment star "rare as Morningstar" originated from bank stocks.
