Bank of RuiFeng(SH:601528)2023-11-29 01:20Group 1: Investor Relations Activities - The company conducted multiple investor relations activities, including specific object research and broker strategy meetings, from October 31 to November 27, 2023 [1][2][3][4][5][6] - Participants included various securities firms and investment funds, such as Changjiang Securities, Zheshang Fund, and Guotai Fund [1][2][3] Group 2: Financial Performance Insights - The bank's net interest margin significantly decreased in the first three quarters of 2023 due to market competition and a decline in LPR, leading to a noticeable drop in loan interest rates [3][4] - The bank's asset yield declined as the growth rate of deposits exceeded that of loans, resulting in a higher proportion of financial assets diluting net interest income [3][4] - As of September 2023, the bank's capital adequacy ratio stood at 14.17%, indicating a relatively high level despite a rapid decline in capital adequacy levels [5][6] Group 3: Strategic Initiatives - The bank plans to enhance interest margin control by adjusting the structure of assets and liabilities, optimizing pricing management, and improving the efficiency of fund operations [4][5] - The bank is progressing with investments in Cangnan Rural Commercial Bank and Zhuji Rural Commercial Bank, aiming to acquire up to 9.8% of their total share capital [4][5] Group 4: Market Trends and Challenges - The trend of early repayment of personal mortgage loans has eased since the adjustment of interest rates for existing first-home commercial loans began in late September 2023, although repayment pressure remains due to monthly payments and regional real estate policies [5][6]