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A structural interest rate cut is still a rate cut! The central bank officially announces the first comprehensive reduction in the structural MMF policy tool interest rate, saving more than 15 billion yuan in bank funding costs each year.
① The central bank announced a 0.25 percentage point reduction in the rate of structured MMF monetary policy tools. Industry insiders stated that structural interest rate cuts are also interest rate cuts, which help strengthen the policy incentives for commercial Banks. ② The central bank proposed to establish 500 billion yuan for re-loaning to service Consumer and Retirement, increase the re-loaning quota for Technology innovation and technological transformation, and increase the re-loaning quota for supporting agriculture and small businesses, guiding Financial Institutions to accelerate loan disbursement in related fields.
The central bank: Starting from May 15, the reserve requirement ratio for Financial Institutions will be lowered by 0.5 percentage points.
The People's Bank of China has decided to lower the reserve requirement ratio for Financial Institutions by 0.5 percentage points (excluding Financial Institutions that have already implemented a 5% reserve requirement ratio) starting from May 15, 2025, and to lower the reserve requirement ratio for Autos financing companies and financial leasing companies by 5 percentage points.
China Construction Bank Corporation: In the first quarter of 2025, Net income slightly decreased by 3.64%, with Technology finance and green development becoming the highlights.
China Construction Bank Corporation's performance analysis for the first quarter of 2025: stable operation facing a slight decrease in profits, with Technology finance and green development as highlights. Key points of performance: net income for the first quarter was 83.742 billion yuan, a year-on-year decrease of 3.64%; net income attributable to shareholders was 83.351 billion yuan, a year-on-year decrease of 3.99%. Asset scale: total assets reached 42.79 trillion yuan, an increase of 5.48% compared to the end of last year; total loans were 27.02 trillion yuan, an increase of 4.55%. Asset quality: non-performing loan rate at 1.33%, a decrease of 0.01 percentage points compared to the end of the year; provision coverage ratio at 236.81%, an increase of 3.21 percentage points.
China Construction Bank Corporation: Q1 Net income 83.35 billion yuan, total Assets increased by 5.48%, non-performing loan rate decreased to 1.33%.
China Construction Bank Corporation's Q1 net income is 83.35 billion yuan: total assets increased by 5.48%, the non-performing loan rate decreased to 1.33%. Highlights of performance overview:...
The market may reach a critical juncture in the short term, with Banks and Electrical Utilities showing repeated activity, and the Technology Sector poised to take off.
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Annual Report 2024
