SG#ICBC RC2808B(57199.HK)

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SG#ICBC RC2808B
57199.HK
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E-COMMODITIES subsidiary obtains a bank credit limit of up to 210 million RMB

E-COMMODITIES' wholly-owned subsidiary Hainan Fuduo Da has signed a credit agreement with the Haikou Guomao Branch of the Industrial and Commercial Bank of China, obtaining a total bank credit of up to RMB 210 million. This includes RMB 150 million in non-specific credit, RMB 50 million in dual-preference credit, and RMB 10 million in derivative-specific credit, with a term within 2023. The credit will be used for letters of credit, working capital loans, and other businesses. E-COMMODITIES will provide joint liability guarantees for Hainan Fuduo Da's credit agreement

AASTOCKS·
SH
512820
-0.52%
SH
512800
-0.65%
HK
01733
-1.11%
AASTOCKS·
SH
512820
-0.52%
SH
512800
-0.65%
HK
01733
-1.11%

Industrial and Commercial Bank of China (1398.HK): Fluctuations after capital push, focus on whether weights can drive a breakthrough

Industrial and Commercial Bank of China (1398.HK) continued to attract mainstream capital in today's early trading, with the banking sector showing an overall increase in trading volume, significantly supporting the stability of the Hong Kong stock market. However, after the main force lifted the stock price to the previous concentrated trading area, the upward momentum gradually slowed, with increased intraday fluctuations and frequent shifts between bulls and bears. This week, the central bank maintained an accommodative tone, releasing incremental liquidity, which has greatly increased the market's willingness to allocate to heavyweight bank stocks. However, looking at the day, the trading volume of Industrial and Commercial Bank of China has shrunk, and the main force's willingness to break through is limited by short-term profit-taking. Technically, the K-line structure remains bullish, operating above the main moving averages, and the bullish trend has not changed. However, the RSI has shown a golden cross followed by a pullback, which may indicate that the upward trend is about to face adjustment. If new incremental funds continue to appear within the sector, Industrial and Commercial Bank of China is expected to drive other heavyweight stocks to achieve a high-level breakthrough, continuing the style switch from stagnation. Conversely, if trading volume continues to be weak, it may enter a period of sideways consolidation, with short-term pullback demand intensifying. Investors are advised to use trading volume as a core barometer, paying attention to industry opportunities brought by policy and macro signals, and to cautiously control trading rhythm in a short-term environment of repeated speculation, avoiding blind chasing of highs

Technical Forecast·
HK
01398
+3.62%
Technical Forecast·
HK
01398
+3.62%

E-Commodities Subsidiary Hainan More Richway Secures RMB210 Million Bank Facilities

E-Commodities Holdings Limited announced that its subsidiary, Hainan More Richway, has secured RMB210 million in bank facilities from the Industrial and Commercial Bank of China. This includes a non-specific credit facility of up to RMB150 million, a dual-preferential credit facility of up to RMB50 million, and a specific derivative credit facility of up to RMB10 million. E-Commodities will provide a corporate guarantee to enhance the subsidiary's cash flow and support its operations.

Reuters·
SH
512820
-0.52%
SH
512800
-0.65%
SH
601398
-0.41%
Reuters·
SH
512820
-0.52%
SH
512800
-0.65%
SH
601398
-0.41%

The interest rates on business loans are "flying close to the ground," and small and medium-sized banks are struggling a bit

Under the influence of policy guidance, market competition, and declining funding costs, the operating loan interest rates of several banks have continued to decrease. Among them, the personal mortgage operating loan interest rate of Industrial and Commercial Bank of China (ICBC) has dropped to 2.31%, a decrease of nearly 20 basis points compared to last month. In addition, with the support of interest subsidy policies, the actual interest rates of some loan products can be reduced to the "1s"

Wallstreetcn·
SH
515020
-0.79%
SH
512820
-0.52%
HK
01398
+3.62%
Wallstreetcn·
SH
515020
-0.79%
SH
512820
-0.52%
HK
01398
+3.62%

In "Major Banks," China International Capital Corporation: The preferred H-shares of domestic banks are ICBC, with over 50 trillion RMB deposits being repriced to alleviate net interest margin pressure

Bank of China International released a research report, maintaining a "Buy" rating on H-shares of domestic banks, with Industrial and Commercial Bank of China as the top pick. The report pointed out that over 50 trillion yuan of long-term fixed deposits will mature in 2026, which is expected to alleviate the net interest margin pressure on the banking industry. It is recommended to buy Agricultural Bank of China, China Merchants Bank, China Construction Bank, Postal Savings Bank of China, and China Everbright Bank. Despite facing margin pressure, the banking industry's fundamentals are expected to remain robust, with a slight increase in net profit attributable to shareholders in 2026

AASTOCKS·
HK
01398
+3.62%
SH
601939
-0.11%
HK
06818
+1.55%
AASTOCKS·
HK
01398
+3.62%
SH
601939
-0.11%
HK
06818
+1.55%
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