Shanghai - Delayed Quote CNY

Agricultural Bank of China Limited (601288.SS)

4.5500

+0.0600

(+1.34%)

At close: 3:00 PM GMT+8

Fitch Ratings Downgrades Outlook for Chinese State-Owned Banks

Fitch Ratings has downgraded the outlook for six Chinese state-owned banks amid concerns about the government’s ability to support the sector in the event of stress.

The Wall Street Journal 9 days ago

601288.SS
+1.34%
360036.SS

601398.SS
+0.37%
China's Big Five lenders post shrinking margins, warn of property risks

Five of China's largest lenders have posted shrinking net interest margins (NIM), while warning of ongoing property sector risks. Amid a slowing economy, China's lenders are under pressure to reduce interest rates on the loans they make to bolster flagging sectors as demand for lending falls. On Thursday, China Construction Bank Corp (CCB), Bank of China (BoC) and Agricultural Bank of China (AgBank) all reported sliding margins - a key gauge of profitability - in their annual results.

Reuters 28 days ago

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Exploring Top Dividend Stocks In Hong Kong For March 2024

As Asian equities experience a surge, with Hong Kong's Hang Seng Index notably up led by the tech sector, investors are keeping a keen eye on global economic indicators and central bank policies. Amidst these market conditions, dividend stocks in Hong Kong emerge as potential candidates for those seeking income-generating investments that may offer stability in a landscape of fluctuating monetary policies and inflation expectations.

Simply Wall St. last month

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Rate cuts: China's state banks face margin squeeze as they comply with the call to slash mortgages to aid an ailing property market

China's biggest state-owned banks, mired in bad property loans, now face further downward pressure on profit as they prepare to respond to Beijing's call to cut mortgage rates and revive the country's faltering property market. Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China (ABC) cut their deposit rates by between five and 25 basis points, according to their websites. China Construction Bank (CCB), the world's third-largest bank by assets, said on Thursday that it

South China Morning Post 7 months ago

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WRAPUP 2-Chinese banks to cut existing mortgage rates as property crisis deepens

Some Chinese state-owned banks will soon lower interest rates on existing mortgages, three sources familiar with the matter said on Tuesday, as Beijing ramps up efforts to revive the debt crisis-hit property sector and bolster a sputtering economy. The quantum of the cut on existing mortgages, which, if implemented, will be the first such move in China since the global financial crisis, would be different for different types of clients and in different cities, said the sources. The reduction could be as much as 20 basis points in some cases, said the sources, who declined to be named as they were not authorized to speak to the media.

Reuters 7 months ago

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Agricultural Bank of China issues profitability warning even as it posts higher-than-expected interim gain

One of China's biggest banks has issued a warning about slimmer net interest margins even as it reported a higher-than-expected interim profit, as the world's second-largest economy grapples with slowing growth and a property crisis. Agricultural Bank of China (ABC), the country's third-largest commercial lender with total assets worth 38.03 trillion yuan (US$5.22 trillion), on Tuesday posted a 3.9 per cent year-on-year gain in net profit to 133.83 billion yuan in the six months ending on June 3

South China Morning Post 7 months ago

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Chinese banks to cut existing mortgage rates as property crisis deepens

BEIJING (Reuters) -Some Chinese state-owned banks will soon lower interest rates on existing mortgages, three sources familiar with the matter said on Tuesday, as Beijing ramps up efforts to revive the debt crisis-hit property sector and bolster a sputtering economy. The quantum of the cut on existing mortgages, which, if implemented, will be the first such move in China since the global financial crisis, would be different for different types of clients and in different cities, said the sources. The reduction could be as much as 20 basis points in some cases, said the sources, who declined to be named as they were not authorized to speak to the media.

Reuters 7 months ago

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China bank shares slump in Hong Kong after Goldman downgrades

SHANGHAI/HONG KONG (Reuters) -Chinese banking shares listed in Hong Kong tumbled on Wednesday after Goldman Sachs downgraded top lenders including Agricultural Bank of China (AgBank) in a report that deepened worries over a sector already suffering from a weak economy. Goldman said in a report on Wednesday that it had downgraded Agbank from "Neutral" to "Sell", while cutting Industrial and Commercial Bank of China (ICBC) and Industrial Bank from "Buy" to "Sell". Investors are concerned about Chinese banks' exposure to local government debt, earnings risks stemming from such debt, and diverging fortunes among individual banks, the Wall Street bank said.

Reuters 9 months ago

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Performance Overview

Return	601288.SS	SSE Composite Index
YTD	+25.00%	+2.62%
1-Year	+44.27%	-6.79%
3-Year	+69.50%	-12.13%

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Agricultural Bank of China Limited (601288.SS)

Fitch Ratings Downgrades Outlook for Chinese State-Owned Banks

China's Big Five lenders post shrinking margins, warn of property risks

Exploring Top Dividend Stocks In Hong Kong For March 2024

Rate cuts: China's state banks face margin squeeze as they comply with the call to slash mortgages to aid an ailing property market

WRAPUP 2-Chinese banks to cut existing mortgage rates as property crisis deepens

Agricultural Bank of China issues profitability warning even as it posts higher-than-expected interim gain

Chinese banks to cut existing mortgage rates as property crisis deepens

China bank shares slump in Hong Kong after Goldman downgrades

Performance Overview