The central bank solicited opinions on the financial stability law.
Yesterday, the official website of the central bank announced that the people’s Bank of China, together with relevant departments, had conducted in-depth research and repeated demonstration and drafted the financial stability law of the people’s Republic of China (Draft for comments), which is now open to the public for comments
The draft will further compact the main responsibilities of financial institutions and their major shareholders and actual controllers, the territorial responsibilities of local governments and the supervision responsibilities of financial supervision departments; Strengthen the accountability for violations of laws and regulations, so as to further strengthen the financial safety net and firmly hold the bottom line of no systemic financial risks.
The draft focuses on the establishment of a financial stability guarantee fund by the state, which is managed by the national financial stability and development coordination mechanism as a reserve fund to deal with major financial risks. The financial stability guarantee fund consists of funds raised from financial institutions, financial infrastructure and other entities, as well as other funds prescribed by the State Council. When necessary, public funds such as refinancing from the people’s Bank of China can be used to provide liquidity support for the financial stability guarantee fund, which shall be repaid with disposal income, income and industry charges.
Internationally, the establishment of financial stability guarantee fund is a common practice for countries to deal with financial risks. For example, countries and regions such as the European Union, the United States and Germany have established their own financial stability guarantee fund. After the approval of the European stability fund, the main indexes in Europe rose in the short term, of which the financial sector benefited the most.
northward capital continued to increase bank shares
Zhongtai Securities Co.Ltd(600918) believes that promoting the establishment of financial stability guarantee fund will make the disposal level of financial risks clearer, the sources of disposal funds richer and the disposal mechanism more perfect. On the whole, it will reduce the occurrence probability of systemic financial risks to a certain extent and form safe and stable expectations for the market. The decline in risk appetite and steady growth are expected to continue to push the banking sector upward.
Recently, there has been a wave of rebound in bank stocks. Yesterday, 40 bank stocks rose, and only 2 bank stocks fell slightly Qilu Bank Co.Ltd(601665) rose by the limit, Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) rose by 6.94%, and Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co.Ltd(601528) rose by more than 5%. In the past five days, bank stocks have risen to a certain extent. 12 bank stocks have increased by more than 10%, and Qilu Bank Co.Ltd(601665) , Jiangsu Jiangyin Rural Commercial Bank Co.Ltd(002807) , Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Jiangsu Zhangjiagang Rural Commercial Bank Co.Ltd(002839) rose by more than 15%.
since the beginning of this year, affected by the theme of steady growth, the banking sector has become one of the few industries with positive cumulative growth in the past few years, and the industry index has increased by 5.06%, second only to the coal and real estate industries
Since the beginning of this year, the banking sector has been continuously increased by northbound funds. Compared with the end of last year, the stock market value of banks with northbound funds increased by 26.329 billion yuan, far higher than the second place of 14.494 billion yuan 30 bank shares gained additional positions from going north this year, of which 7 shares, including Postal Savings Bank Of China Co.Ltd(601658) , Bank Of Communications Co.Ltd(601328) , Bank Of China Limited(601988) , increased their shareholding by more than 100 million shares
high dividend bank shares list released
According to the statistics of securities times · databao, at present, 20 bank shares have announced the dividend plan for 2021, and Industrial And Commercial Bank Of China Limited(601398) is expected to pay 104534 billion yuan, ranking first in the list. This is also the first time in the history of A-Shares that a listed company plans to pay more than 100 billion yuan. Other high dividend amounts include China Construction Bank Corporation(601939) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , all of which exceed 50 billion yuan.
the Industrial And Commercial Bank Of China Limited(601398) annual report shows that the net profit in 2021 is 348338 billion yuan, with a year-on-year increase of 10.27%. At the end of 2021, corporate loans amounted to 12.19 trillion yuan, an increase of 9.8%; Corporate deposits reached 13.33 trillion yuan, an increase of 3.0%.
according to the China Construction Bank Corporation(601939) annual report, the net profit in 2021 was 302513 billion yuan, an increase of 11.61% year-on-year. At the end of 2021, corporate loans amounted to 12.19 trillion yuan, an increase of 9.8%; Corporate deposits reached 13.33 trillion yuan, an increase of 3.0%. The main reasons include the steady growth of net interest income driven by the growth of interest bearing assets, which increased by 29.511 billion yuan or 5.12% over the previous year.
Federal Reserve: single or multiple times in the future
interest rate increase of 50 basis points may be appropriate
On April 6 local time, the Federal Reserve released the minutes of the monetary policy meeting of the Federal Open Market Committee in March. According to the minutes, the Federal Reserve believes that it may be appropriate to reduce the asset limit of $95 billion per month (US $60 billion treasury bonds + US $35 billion mortgage-backed bonds). It supports the phased adjustment in three months or moderately longer to reach the upper limit, which may begin as early as may.
Several participants pointed out that since inflation is far higher than the committee’s target, there is an upward risk of inflation, and the federal funds rate is far lower than the participants’ estimation of its long-term level, they prefer to raise the interest rate target range by 50 basis points at this meeting.
After the announcement of the minutes of the Federal Reserve meeting, US stocks fell first and then rose slightly. They continued to fluctuate before the closing, and the three major stock indexes fell below the closing. The Dow fell as low as about 1%, closed down 0.42%, the NASDAQ fell 2.2%, and the S & P 500 fell 0.97%. The US dollar index has risen for five consecutive days, setting a new high since May 2020.
