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.
Express News | In Overnight Trading, U.S.-Listed Chinese Stocks and ETFs Surge After China's Official Announces Series of Policies; DUO Surges 17%, BEKE Rises 4%; Alibaba, JD and Bilibili Rise 2%, YINN Up 4%, CWEB Rises 3%
The A-share International Board under ANT GROUP CO., LTD. may launch an IPO.
① After the Listing As a Whole of ANT GROUP CO., LTD. was put on hold, ANT International, registered in Singapore, may consider a separate listing in Hong Kong. Discussions with relevant authorities regarding this possibility are currently underway. ② Recently, ANT International also issued a letter to all employees, requiring cost control and efficiency improvements. On March 19, 2024, ANT International will be spun off from ANT GROUP CO., LTD. to operate independently in the market. One significant meaning of the spin-off from ANT GROUP CO., LTD. is the ability to independently finance and bear profits and losses.
After ongoing fluctuations, the market may be nearing a directional choice, with the AI, Siasun Robot&Automation, and other Technology growth sectors likely to rebound.
Looking back at the market situation before the festival, the market has been in a state of fluctuating consolidation, and the atmosphere of market observation remains quite strong.
Express News | U.S.-listed Chinese stocks surge in overnight trading, with Alibaba up over 4%.
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.
Track the entire lifecycle of the main Sector.
In the morning, big news! Alibaba releases and open sources Qwen3, seamlessly integrating thinking modes, multilingual capabilities, and facilitating agent calls.
Alibaba stated that Qwen3 seamlessly integrates two modes of thinking and supports 119 languages, making it convenient for agents to call. This release of the Qwen3 series includes two expert mixture (MoE) models and six additional models, with the flagship model Qwen3-235B-A22B showing highly competitive performance in benchmark tests for code, mathematics, and general capabilities compared to top models like DeepSeek-R1, o1, o3-mini, Grok-3, and Gemini-2.5-Pro.
'Alibaba Rolls Out Latest Flagship AI Model in Post-DeepSeek Race'- Bloomberg
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Ant Wealth plans to acquire a Brokerage license and make a tender offer for Yao Cai Securities, with a total cash price exceeding 2.8 billion Hong Kong dollars.
① ANT GROUP CO., LTD. is seeking to acquire a controlling stake in a brokerage in Hong Kong; ② A premium offer of 17.6% for the acquisition, with a total cash price exceeding 2.8 billion HKD; ③ ANT GROUP CO., LTD. has been continuously increasing mergers and acquisitions in the Technology sector and focusing on talent placement in Technology in recent years.
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Pony AI Partners With Tencent Cloud And Smart Industries Group To Jointly Advance Autonomous Driving Technology, Accelerate Commercialization Of Robotaxi Services
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.
Technology stocks are rebounding, while high-profile stocks are collectively "cooling down". The market may enter a critical period for switching between high and low performances.
Track the entire lifecycle of the main Sector.
How Do Investors Really Feel About Alibaba Gr Hldgs?
Hema staged a comeback.
Overall profit.