Minsheng Securities: In 2025, the banking sector grasped three main lines. The Minsheng Securities Research Report pointed out that it is expected that the revenue growth rate of listed banks will remain under pressure and profits will maintain positive growth in 2025. Restricted by factors such as the slowdown of scale expansion, the pressure of narrowing the net interest margin, and the marginal reduction of the contribution of financial investment to revenue, there is still pressure on the year-on-year growth of listed banks' revenue in 2025. However, with the gradual progress of local debt resolution, the real estate package policy has gradually become effective, and the hidden risks of banks in real estate and urban investment assets are expected to be effectively alleviated, and banks can maintain a low level of impairment provision, which supports profit performance. Grasp three main lines: 1) low-valued stock banks: it is recommended to pay attention to China Merchants Bank, Industrial Bank and Shanghai Pudong Development Bank; 2) High-quality rural commercial banks in regional cities: banks benefiting from chemical bonds. It is recommended to pay attention to Chongqing Rural Commercial Bank, Chongqing Bank and regional high-quality banks, and Qilu Bank, Chengdu Bank, Changshu Bank and Hangzhou Bank. 3) High dividend banks: In the process of economic recovery, high dividend strategy has absolute income stability, so it is suggested to pay attention to state-owned big banks, Nanjing Bank and Shanghai Rural Commercial Bank.Market News: After deliberation by the IMF Executive Board, Jordan unlocked $131 million in funds.Former Vietnamese president Ruan Chunfu and others were punished. According to a report by the Vietnam News Agency on the 13th, the Viet Cong the Political Bureau of the Central Committee decided to give Ruan Chunfu and Zhang Heping a warning on the same day. Give Zhang Shimei a reprimand. At the same time, it is suggested that the relevant authorities give administrative sanctions to the three people. According to Yuetong News Agency, Ruan Chunfu served as members of the Political Bureau of the Communist Party of China Central Committee, secretary of the government party Committee and prime minister of the government; Zhang Shimei, once served as members of the Political Bureau of the Communist Party of China Central Committee of the Communist Party of Vietnam, Secretary of the Central Secretariat and Minister of the Central Democratic Movement Department; Zhang Heping served as members of the Political Bureau of the Communist Party of China Central Committee, Deputy Secretary of the Party Committee of the Government and Executive Deputy Prime Minister of the Government. During their tenure, the three people violated the provisions of the party and the state on performing their duties, implementing the tasks entrusted to them, and fighting corruption and negativity; Violation of the provisions of party member's behavior ban and responsibility for setting an example; Causing serious consequences, causing bad public opinion and affecting the reputation of the party, the state and the state management organs. (World Wide Web)
Yellen urged the incoming Trump administration not to take radical measures to interfere with the necessary banking supervision. According to Reuters's exclusive information, US Treasury Secretary Yellen urged the incoming Trump administration not to interfere with the proper supervision of the capital level, liquidity and risk-taking of American banks on the 13th local time, which is essential to ensure the health of the banking system. Reuters mentioned that Yellen has served as finance minister in Biden's government since January 2021. She said that the current regulatory system in the United States is not perfect, and it is reasonable to seek ways to reduce the burden. However, she also warned that in view of the history of financial crisis caused by bank failures, radical measures should not be taken to interfere with necessary supervision. "I don't want to say that what we have is absolutely sacred or untouchable. But I don't think it collapsed. We have a good system, "Yellen told Reuters. (World Wide Web)Market News: Meta urges California courts to stop OpenAI from turning into a profit-making enterprise.Market News: Meta urges California courts to stop OpenAI from turning into a profit-making enterprise.
Market News: The Chief Veterinary Officer of USDA said that USDA does not expect to complete the necessary steps to resume importing Mexican cattle before the end of the holiday.The output of platinum jewelry in China decreased by 12% year-on-year in the third quarter. Antaike reported that according to the statistics of the International Platinum Association, the output of platinum jewelry in China decreased by 12% year-on-year in the third quarter, which was worse than the decline of 7% in the second quarter. Among them, the output of plain platinum jewelry, which accounts for more than 98% of the total output of platinum jewelry, fell by 9% year-on-year in the third quarter, while the output of platinum inlaid jewelry continued to decline sharply. Platinum is still in a relatively weak position in the rapidly changing market environment today. Platinum category lacks innovation, such as breakthrough design and new technology. Retailers lack enthusiasm, low profits and slow turnover. Old general goods still account for the vast majority, which are unsalable seriously. Innovative products and sets of products have a faster turnover and higher profits, but their market share is still not high.Hainan: Accelerate the implementation of the core policy of Hainan Free Trade Port. The (enlarged) meeting of the Standing Committee of Hainan Provincial Party Committee was held on the 13th, which conveyed the spirit of studying the Central Economic Work Conference and studied and deployed the implementation work in Hainan Province. The meeting stressed that the core policy of Hainan Free Trade Port should be accelerated, and the policy system of free trade port should be continuously optimized and upgraded, so that enterprises and ordinary people can get a real sense of gain. We should expand domestic demand in an all-round way, make full use of more active macro policies, fully implement the national package of incremental policies, do everything possible to boost consumption and improve investment efficiency, continuously expand effective demand, strengthen project planning, give full play to the role of ultra-long-term special national debt, and plan and build forward-looking investment projects in seed industry, deep sea, aerospace and other fields. It is necessary to cultivate and expand the modern industrial system, focus on "five strong plans", improve the system and mechanism for cultivating and developing new quality productivity, promote the deep integration of scientific and technological innovation and industrial innovation, and build an important practice place for China's new quality productivity according to local conditions.
Strategy guide
12-14
Strategy guide
Strategy guide 12-14