Are bank stocks still worth buying? CITIC Financial Assets disclosed a 50.3 billion comprehensive investment plan, including a 30 billion shareholding in Bank of China and China Everbright Bank.

①CITIC Financial assets explicitly stated that it will allocate approximately 50.3 billion yuan for a bundled investment plan, of which 30 billion will be used directly to buy shares of Bank of China, China Everbright Bank, and other institutions. ②CITIC Financial assets and other institutional funds buying bank stocks are inevitable. As a large-scale institutional fund, due to various considerations such as risk control and capital return, it is highly probable that it will prioritize "high dividend stocks" rather than thematic stocks.

cls.cnNov 11 13:37

Shareholding of over 50 billion! Asset management giant can't help it anymore.

Source: China's largest financial asset management company, Citic Financial Asset Management Co., Ltd. (referred to as Citic Financial Asset Management, stock code $Citic Financial Assets (02799.HK)$), announced on the evening of November 8th that it will further promote the investment allocation plan. The total amount of the new investment plan is as high as 50.3 billion yuan, to increase shareholding in three listed companies! Citic Financial Asset Management stated that in recent years, the company has seized market opportunities and carried out a series of investment allocations, achieving positive results. In order to maximize shareholder interests, the company plans to further optimize the investment path based on the previous investments made.

WindNov 11 07:03

Will the seven-year itch eventually lead to separation? Ping An Bank will stop issuing Chinese Super League themed credit cards, with multiple banks intensively clearing co-branded thematic credit cards within the year.

On November 8th, Ping An Bank announced on its official website that starting from January 1, 2025 (inclusive), it will stop selling the themed credit card products under the Super League series issued by Ping An Bank. The above themed co-branded credit cards have a seven-year history of issuance. Within the year, several large commercial banks including Agricultural Bank of China, bank of communications, cm bank, and China CITIC Bank Corporation have announced the suspension of issuing some co-branded credit cards.

cls.cnNov 8 12:51

"Idle period" a month later, banks issued a dense perpetual bond: Minsheng Bank opened the issuance prelude of the fourth quarter, followed by China Merchants Bank, Ping An, and Bank of Suzhou in November.

①From the perspective of the issuer type, the issuance of perpetual bonds by banks shows a relatively larger number of issuances by small and medium-sized banks, with relatively larger issuance sizes by state-owned large banks and joint-stock banks; ②Issuing perpetual bonds can effectively supplement the banks' other Tier 1 capital, enhance capital adequacy ratio, which can both meet regulatory requirements and strengthen risk resilience.

cls.cnNov 5 18:19

Several banks disclosed private banking data in the third quarter report, with CM Bank's customer base growing by 1147 households, while Ping An Bank only increased by around a hundred households.

①Ping An and cm bank, two joint-stock banks, have detailed disclosed the latest data, but the former's private banking clients only increased by about a hundred in the third quarter, less than one-tenth of cm bank's. While minsheng bank only disclosed the balance of private banking assets, without disclosing the number of clients. ② The five major banks have not updated the data of private banking clients in the third quarter report, but the growth in the semi-annual report is considerable.

cls.cnOct 31 14:34

After 7 months, the former general manager of Peking reits, Qu Gang, has been approved to serve as the president of Hua Xia Bank, with a high turnover of senior executives in financial institutions belonging to Beijing this year.

On the evening of October 29, Hua Xia Bank announced that the regulatory authority has approved the appointment of Qu Gang as the director and president of the bank. Qu Gang's term as executive director and president of Hua Xia Bank will take effect from the approval date of October 28, 2024; Starting from the beginning of 2024, senior executives of financial institutions in Peking have undergone a series of changes, involving Beijing Rural Commercial Bank, Hua Xia Bank, Beijing International Reits, and Bank of Beijing.

cls.cnOct 30 14:34