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Large buy-in report of northbound funds: Bank of Jiangsu received a net sell-off of 754 million yuan.
On June 3rd, Northbound funds made a significant net purchase of 1.539 billion yuan throughout the day.
This year, the fifth bank, a financial leasing company, was approved to increase its capital. Qingyin Gold Leasing's registered capital increased to 1,225 billion yuan, and the Bank of Qingdao's shareholding ratio increased to 60%
① Recently, the Qingdao Regulatory Bureau of the State Financial Supervisory Administration issued a document stating that it agreed that Qingdao Qingyin Financial Leasing Co., Ltd. would increase its registered capital from RMB 1 billion to RMB 1,225 billion. ② After approval of this capital increase, Bank of Qingdao's shareholding ratio was further expanded, from 51% to 60%. ③ The registered capital of 5 financial leasing companies has increased dramatically this year, and they are all bank financial leasing companies.
Did the majority shareholders who increased their holdings last year all make money? Bank of Ningbo revealed the latest progress in increasing Youngor's holdings. After the “purchase” in mid-February, the stock price has risen by more than 20%
① Bank of Ningbo and Bank of Lanzhou announced on the same day that the shareholder increase was completed, and the proportion of Youngor's shareholding in Bank of Ningbo increased to 10%; ② Bank of Ningbo's stock price has continued to rise since the beginning of the year. After Youngor's current round of holdings increase, Bank of Ningbo's stock price has risen by more than 20%; ③ After Central Huijin increased its holdings in the four major banks last year, the average increase so far is about 17%.
After the sharp decline, major shareholders “protected the market”, and the Bank of Jiangsu Province joined forces to increase their holdings. Previously, the two listed companies announced that they had taken the opportunity to reduce their holdings
① The Bank of Jiangsu announced that Jiangsu Investment Management Co., Ltd. and Jiangsu International Trust Co., Ltd. increased their holdings by a total of 99.8047 million shares between December 29 last year and April 29 this year. ② Prior to this increase in shareholders' holdings, Huaxi Shares and Molding Technology, the minority shareholders of the Bank of Jiangsu had just announced that they would take the opportunity to sell their shares. ③ When the Bank of Jiangsu held a performance exchange meeting on April 26, the bank's stock price plummeted at the beginning of the market, and at one point it almost fell to a standstill.
[Looking at the data] ETF turnover of multiple brokerage firms surged, capital and institutions are playing against the Bank of Jiangsu
① Among the top five ETFs with a month-on-month increase in turnover yesterday, there are three broker-related ETFs. Among them, brokerage ETF (512000) turnover increased 375% month-on-month. ② The Bank of Jiangsu, which was close to a standstill, was sold for 999 million yuan by northbound capital, and bought 541 million by three institutions at the same time.
Northbound Capital Purchase Report: Bank of Jiangsu received net sales of 999 million yuan
On April 26, Northbound Capital made a large net purchase of 22.449 billion yuan throughout the day, representing a net purchase for 3 consecutive trading days.
At one point, the stock price almost fell to a standstill, and the net profit growth rate was not as fast as expected for the secondary market to vote? Bank of Jiangsu management responds that market value management will do this
① In 2023, we will continue to maintain a cash dividend ratio of 30% of net profit to mother. In addition, we also fully consider investors' demands, and plan to launch an interim dividend in 2024. ② We will continue to strengthen communication between institutional investors and major shareholders and actively promote the majority shareholders to increase their holdings.
After the first quarterly report, many urban agricultural commercial banks led the decline. The Bank of Jiangsu was close to falling to a standstill. Industry: There was too much increase in the early period. Quarterly reports showed that major banks were
① Small and medium bank stocks rose significantly in the early period. It is also to be expected that adjustments will be made when the annual report and quarterly report are about to end. ② The State Council report favors brokerage insurance, and the next step in the equity of local small and medium-sized banks may be uncertain. ③ From recommending banks by brokerage institutions, the vast majority recommended small and medium-sized high-quality commercial banks, such as Bank of Ningbo, Bank of Changshu, etc., and gradually, recommendation information on increasing the holdings of major banks appeared.
Bank stocks continue to rise, and support is here! Star Fund managers' holdings increased month-on-month, Huaxia Bank, Qilu Bank, and Bank of Wuxi to the list of new entrants
① The valuation pricing of banks in the financial sector is extremely suppressed by long-term factors. In particular, the valuations of banks with the best historical fundamentals in the sector are both lower in absolute terms. ② As interest spreads continue to narrow and scale expansion slows, banks' revenue capacity may continue to be under pressure, but considering the sector's overall high dividend characteristics and structural opportunities brought about by the division of individual stock operations, sector allocation value will continue to stand out.
Another brand-new public offering for banking departments! The Suxin Fund was approved to open. It is backed by Bank of Suzhou and Temasek. How can it play a special card?
① The Suxin Fund became the 15th bank to officially open a public offering; ② Bank of Suzhou, the majority shareholder, is the 5th domestic listed commercial bank to obtain a public offering license; ③ foreign shareholders have extensive experience in REITs business.
The first equity change after the new consumer finance regulations, and the third largest shareholder of Jincheng Consumer, a subsidiary of the Bank of Chengdu, withdrew. Industry: Related to major shareholder restrictions
① On April 22, the Sichuan Regulatory Bureau of the China Financial Supervisory Administration announced that Kaifeng Financial Leasing (Hangzhou) Co., Ltd. agreed to transfer all 19% of its shares in Jincheng Consumption to Chengdu Tianfu Software Park Co., Ltd. The approval date is April 15. ② This shareholding change has now been completed, and Kaifeng Financial Leasing, the third largest shareholder, withdrew from the shareholder list on April 18. The new consumer finance regulations were also officially implemented on April 18.
The first quarterly report of an A-share urban commercial bank is here. The Bank of Hangzhou's revenue and profit maintained positive growth, showing a slowing trend over the previous year
① In contrast, the growth rate of the Bank of Hangzhou's size index in the first quarter of this year slowed from double digits to single digits. ② The first quarter achieved net profit attributable to the company's shareholders of 5.133 billion yuan, an increase of 21.11% over the same period last year. ③ Earlier, the market expected that due to the high base for the first quarter of 2023, the revenue growth rate of most banks in the first quarter of this year will be further weakened compared to the full year of 2023.
A criminal case is involved! The sixth largest shareholder is involved in a securities dispute, and the starting price of 50 million shares of Bank of Chengdu was auctioned off, and the starting price was as high as 668 million yuan
① Bank of Chengdu's 50 million shares will be auctioned in 10 parts soon, with a starting price of 667.5 million yuan. ② The 50 million shares are criminal assets. The actual starting price will be based on the average closing price of the bank in the 20 trading days before the auction day multiplied by the total number of shares. ③ Experts believe that this starting price is a fair market-based price, but it has no obvious advantage over the secondary market, and is not easily accepted by the market.
Heavy warehouse bought back Meituan Kuaishou! Zhong Geng Qiu Dongrong's quarterly report revealed that there were many moves to adjust positions
Early this morning, Qiu Dongrong's products revealed a quarterly report.
Half a month after his appointment, Yuan Jun was officially hired as the governor of the Bank of Jiangsu. A number of listed banks have changed their “governors” this year
① This afternoon, the Bank of Jiangsu announced the appointment of Mr. Yuan Jun as the Governor of Bank of Jiangsu Co., Ltd., whose qualifications are still subject to regulatory approval. ② Earlier, on March 30, the official website of the Jiangsu Provincial Committee released news that Yuan Jun intends to assume the senior position of enterprise management in the provincial committee's management leadership team. ③ In 2023, 11 listed banks changed their governors. Since this year, a number of listed banks have also experienced the phenomenon of changing their governors.
Direct performance report | Bank of Beijing executives: The narrowing of interest spreads this year may slow down. The impact of the new capital regulations on capital adequacy is limited
① The new capital regulations have comprehensively revised the risk-weighted asset measurement rules under the first pillar, enriched the risk assessment framework system under the second pillar, established a differentiated capital supervision system in the third pillar, and raised information disclosure standards; ② Make good use of monetary policy tools and active debt tools such as small-scale refinancing and carbon emission reduction to continue to reduce debt costs.
There are only cases where A-share banks have increased net interest spreads. What did Bank of Qingdao do? The bank's senior management: increase investment in high-yield assets and reduce pressure on high-cost liabilities
① Bank of Qingdao's net interest spread increased month-on-month last year, making it the only case among A-share listed banks so far. ② The bank's senior management said that in 2023, the share of personal loans, especially consumer loans and operating loans, will be moderately increased on the premise that risks are manageable, and that they will strive to maintain a relatively stable interest rate on the asset-side. ③ At the same time, increase marketing efforts for low-cost settlement deposits and reduce the share of high-cost deposits.
Net revenue and profit both declined in 2023, and stock prices were under pressure. Bank of Zhengzhou: No repurchase plans yet. Executives' salary cuts began this year
① Affected by changes in the size of foreign currency assets and exchange rate fluctuations, combined with factors such as narrowing interest spreads, etc.; ② On April 10, the day of the results conference, Land Stock Connect sold Bank of Zhengzhou net of 4,5063 million; ③ Bank of Zhengzhou A and H shares fell 6.7% and 4.71% respectively throughout the month in March;
The consumer finance company raised its capital for the first time after the implementation of the new management measures. Changyin 58 and two major shareholders announced it at the same time. Is the equity structure likely to change in the future?
① Changyin 58 is the first consumer finance company to announce a capital increase plan after the “Measures” were officially released. ② Judging from the investment amounts announced by Bank of Changsha and Tongcheng Holdings, the shareholders of this round of capital increases did not contribute in equal proportions. ③ Both announcements emphasized that this capital increase was a targeted capital increase for the original shareholders, and did not emphasize the “capital increase ratio” issue. If other shareholders abandon their participation, it may lead to changes in their original shareholding structure.
Yang Xiuming was “quickly” appointed as the chairman of the Bank of Chongqing. Since last year, the Agricultural Bank has “exported” the chairman and governor to 5 listed banks
① On the evening of March 14, the Bank of Chongqing issued an announcement stating that Yang Xiuming's qualifications as chairman have been approved. This is also the latest case of the Agricultural Bank sending talents abroad. ② According to a Financial Services Association reporter, in the past two years, the chairmen and governors of five listed banks have come from the “Agricultural Bank Department.”