① On the evening of February 7, the Shanghai Rural Commercial Bank issued an announcement on the progress of implementation of measures to stabilize stock prices. At present, the cumulative increase in holdings of Jiushi Group and Zhejiang Shanghai-Hangzhou-Ningbo is close to the lower limit of previous promises, and Guosheng Asset has already reached the previous promise; ② Since the beginning of the year, several listed banks have released information on stabilizing stock prices and increasing shareholders' holdings, including Qilu Bank, Shanghai Agricultural Commercial Bank, Changshu Bank, Jiangyin Bank, etc.
Financial Services Association, Feb. 8 (Reporter Peng Kefeng) After Guosheng Asset and Zhejiang Shanghai-Hangzhou-Ningbo increased their holdings, Jiushi Group, the fourth largest shareholder of Shanghai Agricultural Commercial Bank, also took steps to fulfill its promise to stabilize shares.
On the evening of February 7, the Shanghai Rural Commercial Bank issued an announcement on the progress of implementation of measures to stabilize stock prices. The Shanghai Agricultural Commercial Bank said that from January 3, 2024 to February 7, 2024, Jiushi Group used its own capital to increase its holdings of 6.4033 million shares through centralized bidding through the Shanghai Stock Exchange trading system, accounting for 0.066% of the total share capital.
A Financial Services News reporter noticed that according to the previously disclosed share price stabilization plan, the current cumulative increase in holdings of Jiushi Group and Zhejiang Shanghai-Hangzhou-Ningbo is close to the lower limit previously promised, while the amount of increase in Guosheng Asset holdings has already reached the previous promise.
Over the past year, many shareholders of the Shanghai Agricultural Commercial Bank have taken steps to increase their holdings
According to the announcement from the Shanghai Agricultural Commercial Bank, Jiushi Group has increased its total holdings by about 38.1 million yuan. After this increase in holdings, Jiushi Group held approximately 751 million shares of Shanghai Agricultural Commercial Bank, accounting for 7.79% of the bank's total share capital. According to Oriental Wealth data, among the top ten shareholders, Jiushi Group currently ranks fourth, with a shareholding ratio of 7.72%. According to the shareholding ratio, after this increase in holdings, Jiushi Group is still quite far from the third largest shareholder.
The current increase in Jiushi Group's holdings is related to the Shanghai Agricultural Commercial Bank passively triggering the “stabilization” of stock prices at the end of last year. According to the announcement of the Shanghai Agricultural Commercial Bank, from November 2, 2023 to November 29, 2023, the closing price of the company's A-share shares has been below 10.22 yuan/share for 20 consecutive trading days, triggering the company's measures to stabilize the stock price. The trigger date is November 29, 2023. The company will formulate a specific plan to stabilize the stock price and announce it by the board of directors of the Company by December 13, 2023.
Shortly thereafter, shareholders of the Shanghai Agricultural Commercial Bank took action one after another. According to previous disclosure by the Shanghai Agricultural Commercial Bank, from December 14, 2023 to January 22, 2024, Guosheng Asset increased its holdings of the company's shares by 4.2 million shares through centralized bidding through the Shanghai Stock Exchange trading system with its own capital, accounting for 0.044% of the total share capital, with a cumulative increase of about 244.57 million yuan. In addition, Zhejiang Shanghai-Hangzhou-Ningbo increased its holdings of the company's shares by a total of 83.8163,000 shares with its own capital, accounting for 0.04% of the company's total share capital, and the cumulative increase in holdings was about 24.00 million yuan.
Based on the above data, the Finance Association reporter found that at present, many shareholders of the Shanghai Agricultural Commercial Bank have increased their holdings by a total amount of 86.55 million yuan.
Recently, shareholders of a number of listed banks have taken steps to stabilize or increase their holdings
A Financial Services Association reporter combed through and found that since the beginning of the year, several listed banks have released information on stabilizing stock prices and increasing shareholders' holdings, including Qilu Bank, Shanghai Agricultural Commercial Bank, Changshu Bank, and Jiangyin Bank.
Specifically, Qilu Bank also passively triggered stock price stability, and the majority shareholders took steps to increase their holdings. On the evening of January 18 this year, Qilu Bank issued an announcement stating that the bank's measures to stabilize stock prices have been completed. The parties involved used their own funds to increase their holdings by 14.168,900 shares through centralized bidding or through the Shanghai Stock Connect method, accounting for 0.3% of the bank's total share capital, with a cumulative increase of about 563.18 million yuan. It is worth noting that in less than 3 years since its listing, Qilu Bank has twice triggered the conditions for stabilizing stock prices, and the majority shareholders have increased their holdings by more than 100 million yuan twice.
The situation is even closer for Bank of Changshu and Bank of Jiangyin. Earlier, Jiangsu Jiangyin Rural Commercial Bank Co., Ltd. disclosed information about plans by some directors, supervisors, senior management and core key personnel to increase their shares in the bank. Jiangyin Bank said that some of the bank's directors, supervisors, senior management and key personnel plan to increase the bank's stock holdings by no less than 10 million yuan and no more than 20 million yuan by purchasing convertible corporate bonds and transferring shares or centralized bidding from the secondary market. The implementation period for this plan to increase holdings is six months from January 9, 2024.
On January 12, Jiangsu Changshu Rural Commercial Bank Co., Ltd. issued an announcement stating that some directors, supervisors and senior management of the bank increased their total holdings by 692,200 shares from January 8 to 12 this year, for a total increase of 4.446 million yuan.
At the industry level, on February 7, Zhongtai Securities released the latest research report stating that most A-share bank stocks rose this month; the banks that rose were mainly stock banks and urban commercial banks. The economy determines bank stock selection logic. Weak and strong economic recoveries correspond to different target varieties, and bank stocks have steady and defensive properties. The fundamentals of high-quality urban agricultural commercial banks are highly deterministic. It is recommended to choose urban agricultural commercial banks with cheap valuations.