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People's Daily article: A large number of incremental policies are "on the way" to achieve a 5% economic growth target enhancement.
The article by Jin Sheping published in the People's Daily stated that the mainland's confidence in achieving the target of around 5% economic growth is increasing. At the press conference for the 'Three Quarters Report,' the National Bureau of Statistics stated that looking at GDP growth rates by year, the first quarter was 5.3%, the second quarter was 4.7%, and the third quarter was 4.6%. When viewed monthly, the third quarter grew by 0.9%, maintaining positive growth for nine consecutive quarters. 'Stability' and 'progress' remain the main themes of the mainland's economy. The four major macro indicators of growth, employment, inflation, and international balance of payments show that the overall economic indicators are stable with steady progress, providing a good foundation for the mainland's macro economy to maintain resilience. The report quoted,
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.
Citigroup Financial assets (02799.HK) intends to spend no more than 50.3 billion RMB to buy shares of Citibank, China Construction Bank, and Guangfa Bank.
China CITIC Financial Assets (02799.HK) announced that it plans to further optimize investment paths and increase investment intensity based on previous investments. According to the announcement, the company plans to appoint CITIC Securities and China Securities Co.,Ltd. as professional consultants to further promote the investment allocation plan, including signing a share transfer agreement for 11.266 billion yuan within a total investment scale not exceeding 50.3 billion yuan, further purchasing 4.88% of China CITIC (00267.HK) shares; further purchasing shares of Bank of China (03988.HK) not exceeding 26 billion yuan; and not exceeding 4 billion.
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.
Express News | Orinko Advanced Plastics: Signed a 70 million yuan share buyback loan contract with China Everbright Bank Hefei Branch.
Express News | Realcan Pharmaceutical Group: intends to buy back shares worth 0.1 billion yuan to -0.2 billion yuan.
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