Ping An Healthcare and Technology Reports Q1 Results

Seeking AlphaApr 24 11:19 ET

Industrials, Agriculture, and China Banking reach new highs again! The Banks Sector continues to be hot, and today's "new high bull" scan shows that these directions also have a high proportion.

①Today, Bank stocks became active again, among which, the three major banks, Industrial, Agricultural, and China, continue to hit historical highs, with Construction Bank approaching its historical peak. ②The financing balance of the Banks sector has slightly declined compared to mid-April, while still remaining at a relatively low level for this year. ③A total of nearly 20 stocks reached historical highs today, with the highest proportion being Autos stocks, and there are also many from basic chemicals, agriculture, forestry, animal husbandry, and fishing, and the Banks stocks.

cls.cnApr 24 05:55 ET

Banks have increased interest rates on consumer loans in advance, with more low-interest products hidden in the "discount track."

Indirect remarks highlight the "cost performance" even more.

wallstreetcnApr 21 08:49 ET

Exclusive | Banks that stabilize foreign trade and foreign investment are taking action, with banks in coastal provinces responding to requests: for foreign trade enterprises, "no loan withdrawal, no loan interruption".

① Many Banks have actively taken action regarding "stabilizing foreign investment and foreign trade." From large state-owned banks to local urban commercial banks, several Banks are providing support to foreign trade enterprises in various ways based on their own advantages; ② Recently, banks in major foreign trade provinces along the Southeast Coast have received relevant requests to "not withdraw loans and continue lending" to local foreign trade enterprises.

cls.cnApr 21 05:30 ET

The central bank and four other departments: Enhance the functions of the Cross-border Interbank Payment System (CIPS) and its Global network coverage.

① The plan proposes to enhance the functionality of the RMB cross-border payment system and its global network coverage, encouraging more Banks to join CIPS and continuously expand the coverage of the CIPS network. ② The plan also suggests optimizing the management model and business processes for Forex business, improving the Conglomerates' Global fund management system, expanding the functionality and application scenarios of free trade Accounts, and promoting Financial Institutions to enhance their digital service levels.

cls.cnApr 21 03:20 ET

In April, the LPR remained unchanged. Industry insiders expect that the policy interest rate cuts in the second quarter will lead to a reduction in the LRR, and there is room for a decrease in mortgage rates within the year.

① Considering the changes in the external economic and trade environment, as well as the trends in the domestic Real Estate market and prices, industry insiders believe that the timing for "selective reductions in reserve requirements and interest rates" in the second quarter has matured, with the possibility of it occurring as early as April. ② The industry determines that the current interest rate cut may reach 30 basis points, similar to the total reduction for the previous year. This indicates that the next substantial policy-driven interest rate cuts will lead to a decrease in the LPR Quote, which in turn will guide the reduction of loan interest rates for businesses and households.

cls.cnApr 20 21:50 ET