Chinese banks rose after Central Huijin increased its stake in the big four state-owned lenders
孤独雁1
发表于 2023-10-12 15:34:29
1213
0
0
Industrial & Commercial Bank (Industrial & Commercial Bank of China, 1398.HK, 601398.SH), Bank of China, 3988.HK, 601988.SH, China Construction Bank, 0939.HK, 601939.SH) and Agricultural Bank of China (1288.HK, 601288.SH) both opened higher on Thursday, The move came after Central Huijin Investment, China's sovereign wealth fund, said it had increased its stake in the banks.
Shares of the four banks and others rose in mainland and Hong Kong trading.
In Hong Kong, China Construction Bank rose nearly 5.0 per cent, Bank of China 3.3 per cent and Industrial and Commercial Bank of China 4.3 per cent. In Shanghai, Zhejiang Shaoxing Ruifeng Rural Commercial Bank rose 5.5 per cent. Shares of Chongqing Rural Commercial Bank (601077.SH) rose 3.0 per cent.
Central Huijin's stake increased to 64.03% from 64.02%, Bank of China said in a statement late Wednesday. In addition, Huijin's stake in ICBC rose to 34.72 per cent from 34.71 per cent, and its stake in China Construction Bank rose to 57.12 per cent from 57.11 per cent.
Hopes of government stimulus measures to boost consumer confidence and spending have boosted stock indexes in China and Hong Kong in recent sessions.
China is already facing slowing economic growth amid a persistent slump in the property sector and weak exports and consumer demand. Despite recent signs of a rebound, many believe the Chinese government needs to do more.
'The root causes of China's current economic woes are more structural than cyclical and require far more than stimulus,' Nomura said in a report Thursday.
Nomura said the optimal policy mix would be a combination of measures to boost aggregate demand, allocate capital efficiently, and boost private sector and foreign investor confidence.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- IQiyi gained nearly 7.03 million shares from Gaoyi Asset International in the third quarter
- JPMorgan Chase increases its holdings in Xiaopeng Motors H-shares, while He Xiaopeng claims that it is not far from the target of producing 1 million vehicles annually
- Zhongyuan Securities gave Jingke Energy an increase in holdings rating, and the annual report commented that Q4 performance was under pressure, with TOPCon's leading position clearly evident
- JPMorgan Chase significantly increases its holdings in the seven tech giants! Has the adjustment of the US stock market ended?
-
【ゆとりサイクルが始まった!歴史を鑑とする:FED金利調整と大統領選結果には“隠れた関連”があった】データによると、選挙日前に金利が引き上げられた5年間で、大統領やホワイトハウスを支配していた政党が4年連 ...
- 不正经的工程师
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
【トヨタが米国で約4万2000台のカローラCrossをリコール】トヨタ自動車は当時時間9月20日、2022年6月から2024年9月までに生産された一部のカローラCrossハイブリッド車を安全にリコールしていると発表した。リコー ...
- 伍六三
- 昨天 09:38
- 支持
- 反对
- 回复
- 收藏
-
アイルランドのライアン航空のオリーリ最高経営責任者は現地時間9月14日、最近のボーイング社員のストライキが、2025年夏までにライアン社に納入されるボーイング737 MAX機の数に影響を与える可能性があると述べた ...
- rlf2000
- 昨天 20:49
- 支持
- 反对
- 回复
- 收藏
-
インテルは9月19日、イスラエルの自動運転技術会社Mobileyeの大株主として、ビジネスの将来に自信を持っており、現在、同社の株式の多数を切り離す計画はないと発表した。 ...
- hecgdge4
- 3 天前
- 支持
- 反对
- 回复
- 收藏