Deposit interest rates are sequentially lowered, further highlighting the "cost-effectiveness" of dividend assets | Dividend Early Insights

As of the close on May 11th, the market experienced a day of oscillating strength, with the combined trading volume of the Shanghai and Shenzhen markets reaching 3.54 trillion yuan. The CSI Cash Flow ETF (561080) rose by 0.38%, while the Hong Kong Stock Connect State-Owned Enterprise Dividend ETF (513920) fell by 0.12%. Regarding related stocks, China National Offshore Oil Corporation increased by 0.61%, Industrial and Commercial Bank of China rose by 0.12%, and China Nonferrous Metals Mining Corporation declined by 2.24%.

On the news front, a new wave of bank deposit rate cuts has quietly begun. Since May, many small and medium-sized banks have issued notices to lower interest rates on RMB deposit products, covering major types such as notice deposits and fixed-term deposits. Historically, deposit rate cuts tend to occur in a “staggered” manner, with large banks leading and smaller banks following. The last nationwide deposit rate reduction started in October 2024, when six major state-owned banks—ICBC, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank—collectively lowered their deposit interest rates, with cuts ranging from 5 to 25 basis points.

Guoxin Securities stated that A-shares are showing signs of a recovery, with significant growth in upstream resources and midstream TMT sectors, while midstream manufacturing and downstream consumption face pressure. On the policy front, stability is maintained, with a focus on supporting AI and energy resource industries, while emphasizing confidence in the capital markets. Short-term market fluctuations do not alter the long-term positive trend; it is recommended to adopt a balanced allocation, with technological growth as the core focus, and attention also given to strategic resources and consumer sectors.

Guojin Securities noted that policies on carbon peaking and carbon neutrality are driving energy structure transformation. Clean energy will become the main source of electricity growth, with coal power capacity expansion being reasonably controlled. The energy industry will move toward low-carbon development, bringing long-term opportunities for the clean energy sector. (Disclaimer: The above information is for reference only and does not constitute investment advice. The market carries risks; please invest cautiously.)

Daily Economic News

(Editor: Zhang Xiaobo)

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