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03328 BANKCOMM
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About BANKCOMM Company
The Bank was founded in 1908 and is one of the oldest banks in China. On April 1, 1987, after being reorganized, the Bank officially opened for foreign business, becoming the first national state-owned joint stock commercial bank in China, headquartered in Shanghai. The Bank was listed on the Hong Kong Stock Exchange in June 2005 and listed on the Shanghai Stock Exchange in May 2007. In 2023, according to the Tier 1 capital ranking published by “The Banker” magazine (The Banker), the Bank ranked ninth among banks in the world. The Bank's strategic goal is to “build a world-class banking group with unique advantages”. During the “14th Five-Year Plan” period, the Bank firmly promoted the “14th Five-Year Plan” strategy, that is, guided by strategic goals, created the four major business characteristics of inclusive finance, trade finance, technology finance, and wealth finance, and took green as the undertone for the business operation and development of the entire group, enhancing the five major professional capabilities of customer management, technology leadership, risk management, collaborative combat, and resource allocation. In implementing the strategy, focusing on the two key areas of “Shanghai home” construction and digital transformation, it took the lead in achieving innovative breakthroughs, and the demonstration led the high-quality development of the entire bank. With the mission of “creating common value”, the Bank is committed to achieving value growth and harmonious development for customers, shareholders, employees and society. With the approval of the Banking Insurance Regulatory Commission, the Bank has provided comprehensive financial services to 2.47 million corporate customers and 194 million retail customers through online service channels such as mobile banking and online banking, as well as more than 2,800 domestic branches (sub-banks) and representative offices, including deposits and loans, industrial chain finance, cash management, international settlement and trade financing, investment banking, asset management, wealth management, bank cards, private banking, capital services, etc. Through wholly-owned or controlled subsidiaries, the Group is involved in business fields such as financial leasing, funds, financial management, trusts, insurance, overseas securities, and debt-for-equity swaps. As a large state-owned banking group with a long history, the Bank will always maintain its strategic strength, implement the concept of “finance for the people”, strengthen comprehensive risk management and control, strive to provide quality services to our customers, create more value for shareholders, create a happy home for employees, and make greater contributions to society! There were no significant changes in the Group's business model, main business, and main performance drivers during the reporting period.
Revenue Breakdown
News
Changes in Hong Kong stocks | Domestic bank stocks collectively fell in early trading, Da Mo said net interest spreads continued to narrow, lowering the target price of domestic banks by an average of 12%
Domestic banking stocks fell collectively in early trading. As of press release, Bank of Qingdao (03866) fell 4.63% to HK$2.06; Minsheng Bank (01988) fell 4.1% to HK$2.57; Bank of Communications (03328) fell 3.8% to HK$4.56; ICBC (01398) fell 3.71% to HK$3.63; and China Construction Bank (00939) fell 2.94% to HK$4.29.
Chinese Banks' Net External Financial Assets Hit $125.5 Billion in Q2
The total external financial assets of Chinese banks reached $1.5 trillion by the end of June, with external liabilities totaling $1.38 trillion, resulting in net external assets of $125.5 billion, a
BANKCOMM: 2023 INTERIM REPORT
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DBS: <News Alert> China banking sector: Jun total social financing grew 9%, new increment above expectation
DBS: China banking sector: Jun total social financing grew 9%, new increment above expectation - Alpha Edge Investing
$Ping An Bank(000001.SZ$$CCB(00939.HK$$CITIC BANK(00998.HK$$ABC(01288.HK$$ICBC(01398.HK$$PSBC(01658.HK$$BANKCOMM(03328.HK$$CM BANK(03968.HK$$BANK OF CHINA(03988.HK$$China Merchants Bank(600036.SH$$Agricultural Bank Of China(601288.SH$$Bank Of Communications(601328.SH$$Industrial And Commercial Bank Of China(601398.SH$$Postal Savings Bank Of China(601658.SH$$China Everbright Bank(601818.SH$$China Construction Bank Corporation(601939.SH$$Bank Of China(601988.SH$$China CITIC Bank Corporation(601998.SH$$CEB BANK(06818.HK$
JPM Not See Apparent Synergies between HSBC and SVB UK; Bank of China shares will rise
The broker expressed that there is no apparent synergies between HSBC and SVB UK, and the acquisition could be viewed as an act of national service t...

DBS: China Banks
$Ping An Bank(000001.SZ$$CCB(00939.HK$$CITIC BANK(00998.HK$$ABC(01288.HK$$ICBC(01398.HK$$PSBC(01658.HK$$BANKCOMM(03328.HK$$CM BANK(03968.HK$$BANK OF CHINA(03988.HK$$China Merchants Bank(600036.SH$$Agricultural Bank Of China(601288.SH$$Bank Of Communications(601328.SH$$Postal Savings Bank Of China(601658.SH$$China Everbright Bank(601818.SH$$Bank Of China(601988.SH$$China CITIC Bank Corporation(601998.SH$$CEB BANK(06818.HK$