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The Agricultural Bank Of China received a shareholding of 47.32 million shares from Ping An Insurance Company at a price of approximately 5.45 Hong Kong dollars per share.
According to the latest information from the Hong Kong Stock Exchange, on June 10, Ping An Insurance Life Insurance Company Limited increased its shareholding in the Agricultural Bank Of China (01288) by 47.32 million shares, at a price of HKD 5.4532 per share, for a total amount of approximately HKD 0.258 billion. After the increase, the latest number of shares held is approximately 4.035 billion shares, with the latest shareholding ratio at 13.12%.
Express News | The total scale of the floating fee Funds raised through Bank channels reached 12 billion yuan on the 13th.
In financial data, the growth rate of deposits and loans varies from month to month. Authoritative experts say: it is necessary to combine on-balance-sheet deposits and off-balance-sheet wealth management for interpretation.
① Firstly, when looking at financial total data, it is not sufficient to only consider absolute amounts and absolute growth rates; relative amounts and relative growth rates must also be taken into account. ② Secondly, in recent years, there have been months in which China's deposit and loan growth rates are inconsistent, suggesting that on-balance-sheet deposits and off-balance-sheet wealth management should be considered together, while also taking into account the more diversified channels of derived bank liabilities and assets.
Agricultural Bank Of China (01288.HK) received a Shareholding of 47.32 million H-shares from Ping An Insurance Life Insurance Company, valued at approximately 0.258 billion Hong Kong dollars.
On June 13, it was reported that according to a document disclosed by the Hong Kong Stock Exchange on June 13, Ping An Insurance Company increased its shareholding in the Agricultural Bank Of China (01288.HK) by 47.32 million H shares at an average price of HKD 5.4532 per share on June 10, valued at approximately HKD 0.258 billion. After the increase, Ping An Insurance Company now holds 4.035 billion shares, with the shareholding ratio rising from 12.97% to 13.12%. Image source: Stock disclosure by the Stock Exchange. What is equity disclosure? According to the requirements of the Hong Kong Stock Exchange, major shareholders (holding 5% or more) must disclose.
Hong Kong stocks are experiencing unusual activity | China Mainland Banking stocks are rising against the market trend. This year, the number of times insurers have made significant purchases is approaching the total for the entire year of 2024. High-qual
China Mainland Banking stocks rose against the trend. As of the time of writing, Bank of Qingdao (03866) increased by 6.13% to 4.5 HKD; Bank Of Chongqing (01963) rose by 3.32% to 8.72 HKD; China Zheshang Bank (02016) gained 1.99% to 3.08 HKD; Agricultural Bank Of China (01288) went up by 1.08% to 5.61 HKD.
According to "The Big Banks", JPMorgan: The amendments in the mainland safeguard the receivables of small and medium-sized enterprises, helping to reduce the risk of asset quality for domestic banks.
J.P. Morgan released a report stating that over the past month, H-share banking stocks rose by 13%, outperforming the Hang Seng Index by 6 percentage points. The bank reiterated its bullish stance on China Mainland Banking stocks. J.P. Morgan believes that the newly revised regulations ensuring payment of debts to small and medium-sized enterprises, which took effect on June 1, aim to shorten the turnover days of accounts receivable for SMEs and will reduce the asset quality risk for banks. In this developing trend, Postal Savings Bank Of China (01658.HK) and MINSHENG BANK (01988.HK) may benefit more than their peers. Additionally, the state-owned China Mainland Banking stocks have a net interest margin of 280 basis points, exceeding the 160 basis points average over 15 years, the bank believes that assets...
