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Research Reports Digging | CICC: There has been more inflow of southbound funds into Bank of China recently, while northbound funds have flowed into China Merchants Bank and Shanghai Pudong Development Bank.
On July 23, Guolonghui reported that CICC released a report stating that the positions and valuations of Chinese bank public funds in the second quarter were compiled. The position of the bank's equity fund is 2.64%, up 0.28 percentage points quarterly, mainly due to the good performance of bank stocks. From the beginning of the year to the present, A-shares and H-shares of banks have risen by 26.3% and 19.4%, respectively, and state-owned banks and some regional banks have performed well. Currently, the overall allocation of funds for the bank sector is still about 10.5 percentage points lower than historical levels, indicating that there is still room for increased positions in bank stocks. The report indicated that northbound funds flowed into China Merchants Bank and Shanghai Pudong Development Bank, and southbound funds flowed into state-owned banks. In the past three months, northbound funds
Express News | Yesterday, 43 individual stocks had large block trades with Jiaozuo Wanfang Aluminum Manufacturing, Beijing Supermap Software, and Shida Group ranking highest in transaction volume.
Qyuns Therapeutics Subscribes to Two Wealth Management Products From Shanghai Pudong Development Bank
'70s generation' Xie Wei was appointed as the President of Shanghai Pudong Development Bank, filling the vacancy after nearly 10 months. The 'one president and five vice presidents' management structure has been formed.
Shanghai Pudong Development Bank's board of directors has approved the appointment of Xie Wei as the president, pending regulatory approval of the appointment qualifications. The vacancy for the position of president, which lasted for 10 months, has finally been filled. After Xie Wei is approved as the president, Shanghai Pudong Development Bank will form a management structure of "one head and five deputy heads". Xie Wei has publicly stated that wealth management business has become an important focus for commercial banks to build their "second growth curve".
Express News | Shanghai Pudong Development Bank: The board of directors has agreed to appoint Xie Wei as the president of the company.
Express News | Large financial stocks fluctuated and rose, with China Pacific Insurance and Shanghai Pudong Development Bank hitting new highs this year.
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