In "Major Banks," CICC lists the predicted changes in fund flows for individual stocks with significant increases and decreases in weight during the quarterly review of the MSCI China Index (Table)

The MSCI China Index will undergo a constituent adjustment after the market closes on November 24, adding 26 stocks and removing 20 stocks. The newly added Hong Kong stocks include CHINAGOLDINTL and ZIJIN GOLD INTL, while those removed include CEB BANK. The adjustment will affect the free float factors of 19 companies and the number of shares included for 142 companies, resulting in weight changes. CICC expects that CHINAGOLDINTL and others will benefit, while Tencent, Alibaba, and others will face a decrease in weight

Hong Kong stocks of domestic banks rose, with Luzhou Bank up over 5%, Bank of Chongqing, CITIC BANK, and CEB BANK up nearly 3%, and MINSHENG BANK and CM BANK up over 2%

Understanding the Market | CEB Bank fell nearly 5% after earnings, with both revenue and profit declining in the first three quarters, and fair value changes and losses under pressure

CEB Bank fell nearly 5% after its earnings report, and as of the time of writing, it was down 4.75%, trading at HKD 3.21, with a transaction volume of HKD 45.5767 million. In terms of news, CEB Bank released its performance report, showing a cumulative operating income for the first three quarters that decreased by 7.9% year-on-year, and a cumulative net profit attributable to shareholders that decreased by 3.6% year-on-year; looking solely at the third quarter, operating income decreased by 13.0% year-on-year, and net profit attributable to shareholders for the single quarter decreased by 11.0% year-on-year. China International Capital Corporation (CICC) released a research report stating that the company's performance was slightly below expectations, mainly due to fluctuations in bond market interest rates leading to pressure on fair value changes and gains and losses. In terms of asset scale, as of the end of September, CEB Bank's total assets reached CNY 72,177.17 billion, an increase of 3.72% compared to the end of last year. In terms of asset quality, as of the end of the third quarter, the bank's non-performing loan balance was CNY 50.712 billion, an increase of CNY 1.46 billion compared to the end of last year; the non-performing loan ratio was 1.26%, an increase of 0.01 percentage points compared to the end of last year; and the provision coverage ratio was 168.92%, a decrease of 11.67 percentage points compared to the end of last year

The banking and insurance sectors continue to adjust, with CPIC and Bank Of Xi'An falling over 5%

The banking and insurance sectors continue to adjust, with CPIC and Bank Of Xi'An falling over 5%. NCI, Postal Savings Bank, CEB Bank, Bank of China, and ABC have also seen significant declines

"Performance" CEB Bank's net profit in the third quarter was 12.396 billion RMB, a decline of 11%

CEB Bank announced its third-quarter financial report for 2023, with a net profit attributable to shareholders of RMB 12.396 billion, a year-on-year decrease of 11%. The net profit for the first three quarters was RMB 37.0158 billion, a decrease of 3.6%. Operating income was RMB 94.337 billion, a decrease of 8%. The operating income for the third quarter was RMB 28.386 billion, a decrease of 13%. The balance of non-performing loans was RMB 50.712 billion, with a non-performing loan ratio of 1.26%