600000 Shanghai Pudong Development Bank
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Shanghai Pudong Development Bank News
Shanghai Pudong Development Bank's Profit Climbs 10%, Operating Income Slips 6% in Q1 2024; Shares Up 4%
Shanghai Pudong Development Bank (SHA:600000) posted a net profit attributable to shareholders of 17.4 billion yuan in the first quarter of the year, up 10% from 15.8 billion yuan in the previous year
Beautiful Garden Healthcare (02373): Beijing Bellisse subscribes to several capital protected wealth management products from SPD Bank with a subscription amount of 100 million yuan
According to Zhitong Finance App, Beautiful Garden Healthcare (02373) announced that on April 26, 2024, in order to make effective use of idle funds, Beijing Bellisse, a non-wholly-owned subsidiary of the Group, subscribed to a number of capital protected wealth management products with a subscription amount of RMB 100 million from SPD Bank according to April 26. Furthermore, on January 19, 2024, the company subscribed to a number of capital protected wealth management products with a subscription amount of RMB 100 million from SPD Bank through Beijing Bellisse on January 19. As of the date of this announcement, these products have not yet expired.
Fudan Zhangjiang (01349.HK) subscribes to SPD Bank structured deposit products
Gelonghui, April 22丨Fudan Zhangjiang (01349.HK) announced that on April 1, 2024, the company signed SPD Bank Structured Deposit Product Agreement I with SPD Bank, agreeing to use its own idle funds generated from daily operations to subscribe SPD for structured deposit products with a total amount of RMB 100 million. On April 22, 2024, the company and SPD Bank signed SPD Bank Structured Deposit Product Agreement II, agreeing to subscribe SPD Bank for structured deposit products with a total amount of RMB 100 million using its own idle funds generated from daily operations.
UBS: Maintaining China Mobile's “Buy” Rating and Lowering Target Price to HK$85
UBS released a research report stating that it will maintain China Mobile's (00941) “buy” rating, fine-tune the 2024-2026 revenue and net profit forecast by 1% to 3%, forecast a compound annual growth rate of 5%, and lower the target price from HK$89 to HK$85. The bank pointed out that China Mobile's service revenue for the fourth quarter of last year was 198.96 billion yuan, an increase of 3.7% over the previous year, in line with the bank's expectations. Due to increased staff and sales expenses, EBITDA for the quarter fell 6% year on year to 72.98 billion yuan, 10% lower than the bank and market expectations. Net profit fell 2.5% year over year, 3% lower than the bank's forecast
Partnering with small and micro customers, SPD Bank actively launched the “Inclusive Finance Promotion Month” campaign
In order to further implement the spirit of the Central Financial Work Conference and the “Implementation Opinions of the State Council on Promoting the High-Quality Development of Inclusive Finance” and actively implement the work arrangements of the State Financial Supervisory and Administration, SPD Bank fully launched the “Inclusive Finance Promotion Month” campaign to actively meet the financial needs of market players and the public, publicize inclusive finance policies and products in a variety of ways, summarize the results and experiences of the 10-year development of inclusive finance, and strive to write major articles on inclusive finance to help the real economy develop with high quality. In promoting the implementation of the “Inclusive Finance Promotion Month” campaign, SPD Bank actively engages in the quadripartite interface between government, banking, insurance, and enterprises to increase coordination
SPD Bank accompanies the growth of technology companies and carefully writes a big article on “Technology Finance”
At the present time of the new round of scientific and technological revolution and industrial transformation, scientific and technological innovation has become an important engine for the high-quality development of the real economy, and every seed of scientific and technological innovation is inseparable from nourishing the living waters of finance in the process of growing into a leafy tree. At the Central Finance Work Conference held last year, technology finance was identified as one of the “five major articles.” As the earliest commercial bank in the industry to explore technology finance service models, SPD Bank has always attached importance to the expansion and upgrading of technology finance business, and continues to further advance technology finance as the main strategic track in the new round of strategy, with a more professional organizational structure and more comprehensive product system
Pudong Development Bank (600000.SH) plans to distribute the second phase of preferred stock dividend of $721.5 million on March 11
SPD Bank (600000.SH) announced the second phase of preferred shares (“SPD Premium 2” for short, code 360008)...
Shanghai Pudong Development Bank (SHSE:600000) Investors Are Sitting on a Loss of 19% If They Invested Five Years Ago
Ideally, your overall portfolio should beat the market average. But the main game is to find enough winners to more than offset the losers At this point some shareholders may be questioning their in
Regulator Approves Appointment of Shanghai Pudong Development Bank's Chairman
Shanghai Pudong Development Bank (SHA:600000) said China's National Administration of Financial Regulation has approved the appointment of Zhang Weizhong as the bank's new chairman. Zhang's appointmen
Zai Lab Enters Into Loan Facility Deals
Zai Lab (HKG:9688) entered into debt facility arrangements with the Bank of China (HKG:3988, SHA:601988), Shanghai Pudong Development Bank (SHA:600000), and Bank of Ningbo (SHE:002142) in February, ac
Pudong Development Bank (600000.SH): Chairman's qualifications approved
Gelonghui, Feb. 8: SPD Bank (600000.SH) announced that it recently received the “China Financial Supervisory Authority's Approval on Zhang Weizhong's Eligibility for SPD Bank”, and the China Financial Supervisory Administration approved Mr. Zhang Weizhong's qualifications as a director and chairman of the company on February 7, 2024.
Shenzhen Gas Issues 1.5 Billion Yuan Ultra-Short-Term Bond
Shenzhen Gas (SHA:601139) issued ultra-short-term bonds worth 1.5 billion yuan, the company's second tranche for the year. The Chinese natural gas distributor's bond has a term of 270 days and a coupo
Beautiful Tianyuan Healthcare (02373) subscribes to 100 million yuan for several capital protected wealth management products from SPD Bank
Beautiful Garden Healthcare (02373) issued an announcement on January 19, 2024, to make effective use of idle funds...
Hisense Home Appliance subscribes 1.39 billion yuan of wealth management products
Hisense Home Appliance (00921) announced that between November 9, 2023 and December 22, 2023, the company's non-wholly owned subsidiary Air Conditioning Marketing Company and Hisense (Beijing) Electric Appliance and Refrigerator Marketing Company (as the subscriber) entered into a financial management agreement with Pudong Development Bank to subscribe to Pudong Development Bank's wealth management products, with a subscription amount of RMB 1,390 billion. The Group uses its own idle funds to pay for subscription amounts under these Pudong Development Bank financial management agreements.
Many Idea Cloud Applies for 180 Million Yuan Credit Line
Many Idea Cloud Holdings (HKG:6696) applied for credit lines worth 180 million yuan to fund its financing sources and reduce future financing costs. The two-year credit lines were borrowed from Xiamen
Duoxiangyun plans to apply for credit lines totaling 180 million yuan from banks
Duoxiangyun (06696) announced that the Group intends to apply for credit lines totaling RMB 180 million from Xiamen International Bank Xiamen Branch (Xiamen International Bank) (credit limit is RMB 100 million), Shanghai Pudong Development Bank Xiamen Branch (Pudong Development Bank) (credit limit is RMB 50 million) and ICBC Xiamen Branch (credit limit is RMB 30 million) (ICBC, together with Xiamen International Bank and Pudong Development Bank, collectively referred to as “Bank”) for credit lines totaling RMB 180 million, subject to the terms and conditions of the bank agreement. One of the conditions for obtaining a credit line is that the company's executive director is also in control
Protect the “money bags” of the masses, Pudong Development Bank is taking action
“I came to the bank to process the transfer, and the staff took the initiative to inquire about my relationship with the other party and the purpose of the transfer. Fortunately, a staff member promptly intercepted and inquired, so that my money was not defrauded.” “Thank you to the branch for dissuading and alerting customers to prevent customer losses from increasing. While protecting the rights and interests of customers, we will strengthen cooperation between police and banks to provide important and useful information to public security organs.” After receiving many thank-you letters from customers, Pudong Development Bank staff said, “Every letter is a heavy instruction. It is our responsibility and mission to protect our 'money bags' for the masses.” Intercept fraud in a timely manner and establish a “first line of defense” against financial fraud
Pudong Development Bank (600000.SH) elected Zhang Weizhong as the company's chairman
Pudong Development Bank (600000.SH) announced that on November 17, 2023, the company's board of directors reviewed and approved the “Public...
Innovative and efficient SPD Bank fully supports the 6th China International Import Expo
The China International Import Expo (hereinafter referred to as “CIIE”) is the world's first import-themed national expo. Since the first CIIE was held in 2018, it has become a window for China to construct a new development pattern, a platform for promoting a high level of openness, and an international public product shared globally. For Pudong Development Bank, headquartered in Shanghai, this is a doorstep event. In 2018, the bank took the lead in launching the “China International Import Expo Financial Service Plan” for the first edition of the Expo. The 6th CIIE is about to be held. After years of accumulation and iterative updates, SPD Bank will continue to provide financial services that make all exhibitors feel at home
J.P. Morgan: The Bank of China benefited from overseas interest rates and maintained a high level for a long time, and the rating was upgraded to “increase in holdings”
According to a research report released by J.P. Morgan Chase, after the Bank of China (03988) announced its third-quarter results, it raised its rating from “neutral” to “increased holdings,” indicating that overseas interest rates have remained high for a long time. According to the report, about 20% of the Bank of China's interest-bearing assets come from overseas business. Management said that net profit spreads are improving on a quarterly basis, and the momentum is likely to continue. The bank believes that the Bank of China's overall performance in the third quarter fell short of expectations, and that the banking industry generally guided revenue growth in the fourth quarter of this year and next year to continue to be under pressure; the revenue and profit growth of the four major banks was more stable than that of joint stock banks, and should perform better in the next two quarters. The bank said it was the first choice
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