American Oilseed Processors Association (NOPA): U.S. soybean oil inventories in October 2024 are 1.069 billion pounds, market expectations are 1.09 billion pounds, September data is 1.066 billion pounds; soybean crushing in October 2024 is 199.959 million bushels, market expectations are 196.843 million bushels, September data is 177.32 million bushels, October 2023 data is 189.774 million bushels.
Industrial and Commercial Bank of China: Operating income 599.107 billion yuan in the first three quarters, down 3.92% year-on-year. Net profit attributable to shareholders of the parent company was 2690.25 billion yuan, up 0.13% year-on-year.
On October 10, the Industrial and Commercial Bank of China announced the specific adjustment plan. The Industrial and Commercial Bank of China App shows that on October 25, 2024, the interest rate of existing housing loans that meet the corresponding conditions will be adjusted in batches to no less than the loan market quotation rate (LPR) minus 30 basis points.
The procuratorial organs prosecuted Zhang Hongli, former vice president of the Industrial and Commercial Bank of China joint stock company, for suspected bribery.
American Oilseed Processors Association (NOPA): U.S. soybean oil inventories in July 2024 are 1.499 billion pounds, market expectations are 1.608 billion pounds, June data is 1.622 billion pounds, July 2023 data is 1.527 billion pounds; July 2024 soybean crush is 182.881 million bushels, market expectations are 182.367 million bushels, June data is 175.60 million bushels, July 2023 data is 173.303 million bushels.
Class A shares bank plate rose early, Shanghai Rural Commercial Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Construction Bank, Bank of Nanjing, Bank of Communications, etc. all rose by more than 1%, Changsha Bank, Chengdu Bank, etc. all followed suit.
On July 25th, the Industrial and Commercial Bank of China lowered the interest rate of one-year, two-year, three-year and five-year RMB time deposits to 1.35%, 1.45%, 1.75% and 1.8%. (Previously 1.45%, 1.65%, 1.95% and 2.00% respectively)
The Class A share bank index rose again, and the shares of Industrial and Commercial Bank of China and Agricultural Bank of China both hit record highs.