Market Overview - The market experienced fluctuations on February 11, with the ChiNext Index dropping over 1%. The Shanghai Composite Index rose by 0.09%, while the Shenzhen Component Index fell by 0.35% and the Sci-Tech Innovation Index declined by nearly 1%. A total of 2,050 stocks rose, 60 stocks hit the daily limit up, and 3,241 stocks fell [1]. Company-Specific Developments - Both New Yisheng (300502) and Zhongji Xuchuang (300308) saw a decline of approximately 5% due to concerns over a "supply chain restructuring" news screenshot. Investors raised questions about a potential change in order placement, suggesting that CSP clients might bypass these companies by ordering directly from upstream suppliers like Lumentum [2]. - Zhongji Xuchuang clarified on its interactive platform that its business model remains unchanged. The company stated that CSP clients directly place orders with them, which are then manufactured and delivered, negating the possibility of orders being placed upstream to bypass the company [3]. Sector Performance - The fiber optic sector saw a collective surge, with stocks like Shandong Glass Fiber (605006) and China Jushi (600176) hitting the daily limit up [3]. - The non-ferrous metals sector also performed strongly, with companies such as Zhongtung Gaoxin (000657) and Xianglu Tungsten Industry (002842) reaching the daily limit up [4]. - Traditional cyclical sectors, including coal, steel, and cement, showed active performance. Analysts noted a seasonal opportunity for infrastructure projects during the period from the Spring Festival to the National People's Congress, particularly in ten specific sub-sectors [7]. Stock Performance Highlights - Notable stock performances included: - Dongfang Liyu (000962) and Zhongtung Gaoxin (000657) both increased by 10% [5]. - Chemical stocks like Hualitai (001217) and Jihua Group (603980) also reached the daily limit up [6]. - Conversely, the film and entertainment sector faced adjustments, with companies like Hengdian Film (603103) and Jinyi Film (002905) hitting the daily limit down [9].

五部门发声，马年"红包雨"来了！ （文章来源：中国基金报） 《科创板日报》获悉，蚂蚁阿福开启支付宝红包活动 ，2月11日-2月12日新注册用户在阿福可得16.8元 支付宝红包。 ...

Core Viewpoint - A new round of deposit interest rate cuts has begun, with major banks reducing rates on large-denomination certificates of deposit (CDs), indicating a shift in the banking sector aimed at alleviating interest margin pressure and better serving the real economy [1][5]. Group 1: Interest Rate Changes - Major state-owned banks have lowered the annualized interest rates on 1-month and 3-month large-denomination CDs to below 1%, with some products seeing a maximum reduction of 35 basis points [1][2]. - The latest rates for China Bank's CDs are 0.9% for 1-month and 3-month terms, and 1.1% for 6-month terms, marking a significant decrease from previous rates [2][3]. - Other banks, including Industrial and Agricultural Banks, have also reduced their 1-month and 3-month CD rates to 0.9% [4]. Group 2: Implications for Banks and Investors - The reduction in deposit rates is expected to help stabilize banks' net interest margins, which have been under pressure, as evidenced by a 9 basis point decline to 1.43% in the first quarter of this year [5][6]. - Analysts suggest that investors should adjust their expectations for investment returns and consider a diversified asset allocation strategy, including cash management products and government bonds, in light of declining deposit rates [6].

息差持续承压，各家银行积极应对 继交通银行、邮储银行后，招商银行也官宣，将终止智能通知存款业务。 终止智能通知存款业务 5月14日，招商银行发布关于终止智能通知存款业务的公告，因政策变化及业务调整需要，该行将对智 能通知存款业务进行调整。 招商银行表示，自2024年5月15日起，银行将停止智能通知存款业务服务并办理本业务结息，根据客户 办理智能通知存款业务时签署的有关法律文件，将存款本息转入有关法律文件约定的账户，客户此前签 署的智能通知存款业务的有关法律文件自2024年5月15日终止。 根据相关部门于去年5月下发的通知，自2023年5月15日起，各银行控制通知存款、协定存款利率加点上 限。其中，国有大行、其他金融机构执行基准利率加点上限分别为10BP、20BP。同时，停办不需要客 户操作、智能自动滚存的通知存款，存量自然到期。 而随着一年过渡期即将结束，近期已有多家银行陆续宣布将下架智能通知存款产品。 如5月13日，邮储银行发布公告称，自5月15日起存量智能通知存款产品到期"不续"；5月10日，交通银 行宣布，自5月15日起将终止双利存款(普通版/超享版)业务。此外，还有兴业银行、华夏银行、中信银 行、平安 ...

Core Viewpoint - The recent competition among banks has led to a significant reduction in consumer loan interest rates, with some banks offering rates as low as 1.88%, indicating a price war in the consumer loan market [1][2][3]. Group 1: Consumer Loan Rate Reductions - Several banks have launched promotional activities, with Jiangsu Bank offering a promotional rate of 1.88% for consumer loans, which is the lowest in the market [1][2]. - Other banks, such as China Merchants Bank and Bank of Communications, have also introduced competitive rates, with China Merchants Bank offering a minimum rate of 2.88% for its "Lightning Loan" product [4]. - The promotional consumer loan products have high limits, with Jiangsu Bank allowing loans up to 1 million yuan, and China Merchants Bank offering up to 300,000 yuan [3][4]. Group 2: Market Dynamics and Consumer Behavior - The decline in consumer loan rates is attributed to several factors, including increased consumer demand during the traditional shopping season of September and October, and banks' efforts to capture market share through attractive offers [6]. - The competitive environment is expected to intensify as banks prepare for the peak consumption period, which may lead to sustained low interest rates for consumer loans [6]. - Banks are also focusing on improving service quality and risk management to ensure the stability of consumer loan operations amidst the competitive landscape [6].

（原标题：又一家银行 解散！） 7月10日，金融监管总局官网披露的行政许可信息显示，平山西柏坡冀银村镇银行已于日前获批解散。 平山西柏坡冀银村镇银行获批解散 批复文件显示，鉴于河北银行收购平山西柏坡冀银村镇银行，7月5日，河北金融监管局同意该行因被合 并而解散，该行全部业务、财产、债权、债务以及其他各项权利义务由河北银行承继。 资料显示，平山西柏坡冀银村镇银行成立于2010年，河北银行为主发起人，注册资本达5000万元。 河北银行成立于1996年5月，是河北省省属地方法人银行，总部位于河北省石家庄市。目前在河北省11 个区市和天津、青岛设立13家分行级机构，营业网点有257家。除前述平山西柏坡冀银村镇银行外，还 发起设立了冀银金融租赁股份有限公司、新疆尉犁达西冀银村镇银行。 截至2023年末，该集团口径资产总额为5317.36亿元，较年初增长8.69%。全年实现营业收入112.19亿 元，实现净利润27.39亿元。不良贷款率为1.31%，较年初下降0.21个百分点。拨备覆盖率为175.04%。 村镇银行改革重组持续推进 5月下旬，金融监管总局农村中小银行监管司党支部在署名文章《统筹推进改革化险推动农村中小银行 ...

Core Viewpoint - The People's Bank of China (PBOC) has initiated temporary reverse and repurchase operations to maintain liquidity in the banking system and enhance the precision of open market operations [1][3]. Group 1: Market Reactions - Long-term bond yields have generally increased by approximately 3 basis points, with the 30-year government bond yield reaching 2.5225% [2]. - Short to medium-term bond yields have risen by 5-7 basis points, with the 1-year government bond yield increasing to 1.58% [2]. Group 2: Impact of Temporary Operations - The introduction of temporary reverse and repurchase operations aims to narrow the interest rate corridor and reduce volatility in the funding market [3]. - The new interest rate corridor is set with an upper limit of 2.30% and a lower limit of 1.60%, which is expected to stabilize the funding market [3]. Group 3: Market Sentiment and Strategy - Analysts suggest that the PBOC's actions signal a significant shift in monetary policy, indicating a potential increase in market interest rates [3][6]. - There is a cautionary stance regarding the bond market, with recommendations for institutions to secure profits and avoid bottom-fishing until uncertainties are resolved [5][6].

Core Viewpoint - The recent trend of interest rate cuts on deposits has accelerated, with various banks, including state-owned and regional banks, quickly following suit to lower their deposit rates, indicating a significant shift in the banking sector's approach to managing interest rates and net interest margins [1][4]. Group 1: Interest Rate Adjustments - Changsha Bank announced a reduction in its deposit rates effective August 1, with cuts ranging from 10 to 20 basis points for various terms [2]. - Other banks, such as Xiamen Bank and Jiangsu Bank, also adjusted their deposit rates, aligning with the reductions made by major state-owned banks [2]. - In Guangxi, Longsheng Rural Commercial Bank lowered its deposit rates, with the one-year term dropping to 1.55%, a reduction of 20 basis points [2]. Group 2: Speed of Rate Cuts - The current round of interest rate cuts began on July 25, with major state-owned banks leading the way, followed by 18 joint-stock banks within four days [4]. - The rapid pace of these adjustments is notable compared to previous cycles, where larger banks typically initiated changes, and smaller banks followed later [4]. - Analysts suggest that the quick response from smaller banks may be due to increased pressure on net interest margins and the market's adaptation to previous rate cuts [4]. Group 3: Future Outlook - Experts predict that deposit rates may continue to decline throughout the year, with potential further cuts expected in the fourth quarter or early next year [5]. - The chief economist at Minsheng Bank noted that the recent rate cuts could lead to a shift of deposits towards wealth management products, as the market for such products has been recovering rapidly [6].

（原标题：宣布了！多家银行招收催收人员） 近日，光大银行发布招聘启事，其中有对贷款业务催收人员的招募。据悉，几日前，湖南三湘银行也发 布招聘信息称，面向全国范围内招聘各类人才，其中便包含高级催收人员。 据悉，对比以往催收机构对人员招聘无学历及经验等要求不同，银行招收催收人才对学历及相关经验做 出明确要求。业内认为，此有助于规范催收业务，提升银行贷后管理工作质效。 多家银行招收催收人员 6月5日，光大银行官网发布社会招聘公告显示，本次招聘包含零售与财富管理部客户营运中心—贷款业 务电话催收岗，招聘人数为3人。 从招聘要求来看，应聘者需要具有本科及以上学历，专业不限；在原岗位工作表现良好，近3年考核结 论均为称职（或对等结论）及以上，且至少有一次良好（或对等结论）及以上；同时，还强调应聘人员 要具备抗压性等。 从招聘要求看，"高级催收管理人才"要具有大学本科及以上学历，法律、金融专业背景，有五年及以上 催收管理工作经验等。 "高级电催人才"要具有大学本科及以上学历，金融、法律、财会、经管等相关专业背景者优先；同时， 具备5年以上金融或者信贷行业相关催收工作经验等。 此外，5月29日，微众银行也发布招聘信息显示，拟 ...

【导读】美联储戴利表示：利率将维持不变，但今年仍可能降息。 大家周末好，简单看一则关于美联储的消息。 旧金山联邦储备银行行长玛丽·戴利表示，由于通胀风险上升，美联储可能需要比预期更长时间维持利 率不变，但今年仍可能降息。 戴利在加州大学伯克利分校的一次活动中表示："与一年前相比，通胀的风险更高了，因此我们可能需 要比原先设想的更长时间维持紧缩政策。但这并不意味着要永远紧缩，因为最终通胀正在回落。" 戴利表示，她仍然认可美联储3月《经济预测摘要》（SEP）中的中位预期，即今年将降息两次、每次 25个基点。 她指出，如果通胀最终确实下降，"我们确实需要逐步降低利率，就像我们在SEP中所说的那样，以确 保不会对经济造成过度紧缩"。 （原标题：美联储最新发声！利率将维持不变 但今年仍可能降息） 大多数经济学家预计，这些关税在短期内至少会抑制经济增长并推高通胀。美联储主席杰罗姆·鲍威尔 以及多位美联储官员本周表示，央行的重点是确保由关税引发的物价上涨不会演变成更为持久的通胀上 升。 戴利对此的态度则显得相对乐观一些。 她表示："我们目前的经济状况稳健，当然，货币政策仍然保持在紧缩状态，以持续对通胀施加下行压 力。" 她 ...