Banking sector rises against the market as net interest margin posts first quarter-on-quarter rebound in four years

Industry
โดย 每日经济新闻·CN·Read original
Summary · why it matters

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.

Impact on stocks 4

Others · 4 stocks
Xiamen Bank Co Ltd
601187
▲ PositiveDemandrelevance

Banking sector rises as net interest margin rebounds, benefiting Xiamen Bank.