Chongqing Rural Commercial Bank CoBanking sector rises as net interest margin rebounds, benefiting Chongqing Rural Commercial Bank.
While major market indices fell collectively, the banking sector rose against the trend. The CSI Banks Index gained 1.34 percent, and the Hang Seng Stock Connect Mainland Financials Index added 0.20 percent. Data from the National Financial Regulatory Administration show that at the end of the second quarter this year, the commercial banking net interest margin stood at 1.41 percent, up 1 basis point from the end of the first quarter, marking the first positive quarter-on-quarter increase since the first quarter of 2022. Among A-share banks, Chongqing Rural Commercial Bank rose 3.08 percent, Xiamen Bank gained 2.77 percent, and China CITIC Bank advanced 2.15 percent. In Hong Kong, Bank of Chongqing rose 2.14 percent. The ChinaAMC Banking ETF is the lowest total fee ETF tracking the CSI Banks Index, while the ChinaAMC Stock Connect Financials ETF is the largest ETF tracking the Hang Seng Stock Connect Mainland Financials Index.
Chongqing Rural Commercial Bank CoBanking sector rises as net interest margin rebounds, benefiting Chongqing Rural Commercial Bank.
Xiamen Bank Co LtdBanking sector rises as net interest margin rebounds, benefiting Xiamen Bank.
Bank of Chongqing Co LtdBanking sector rises as net interest margin rebounds, benefiting Bank of Chongqing.
China Citic Bank Corp Ltd Class ABanking sector rises as net interest margin rebounds, benefiting China CITIC Bank.