Brokerage morning meeting highlights: focus on the new logic of Bank allocation under Fund reform.

In today's brokerage morning meeting, China International Capital Corporation stated that it has postponed the Federal Reserve's interest rate cut prediction to the fourth quarter; Caitong believes that the reserve requirement ratio reform has already begun; HTSC emphasized the importance of the new logic of Bank allocation under Fund reform.

cls.cn20:40 ET

The Market Cap of the trillion-dollar bank stocks is skyrocketing, catching public and private funds off guard.

Investment star "rare as Morningstar" originated from bank stocks.

wallstreetcn13:03 ET

The first interest rate cut of the year has been implemented! This releases approximately 1 trillion yuan in long-term liquidity.

① The People's Bank of China lowered the reserve requirement ratio of Financial Institutions by 0.5 percentage points starting from May 15, providing approximately 1 trillion yuan in long-term liquidity to the market; ② This adjustment aims to encourage Financial Institutions to support the real economy, especially in the fields of Autos finance and leasing.

cls.cnMay 14 20:51 ET

Bank stocks are at a new high again! How does the public fund performance benchmark assessment affect the allocation of bank stocks?

Industrial Securities stated that the performance benchmarks focus on actively managed equity funds, including the CSI 300 Index. By the end of 2024, the proportion of bank Hold Positions in actively managed funds is expected to be 3.81%, while the weight of the bank Sector in the CSI 300 Index is as high as 13.67%, resulting in a deviation of nearly 10 percentage points. Among these, stocks such as CM BANK, Industrial Bank, Industrial And Commercial Bank Of China, Bank Of Communications, and Shanghai Pudong Development Bank have an even greater under-allocation ratio.

wallstreetcnMay 14 02:13 ET

The trillion-dollar low-altitude economy has once again been highlighted, and the Banks have quietly entered the game, with some projects completing credit approval within a week.

① It is not only Postal Savings Bank Of China that is actively engaging in the low-altitude economy, many national banks such as China Everbright Bank and China Construction Bank Corporation have already entered the market; ② Participating in the low-altitude economy can open up new loan and investment areas for banks and provide new scenarios for innovation in their financial products and services; ③ The risk control in this field remains relatively complex, and commercial banks need to continually innovate, strengthen collaboration, and effectively enhance their risk management capabilities.

cls.cnMay 8 05:11 ET

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.

cls.cnMay 6 23:19 ET