截至目前，两家披露股东增持动作的银行均为江苏省内上市城商行。During the period from August 23 to October 9, East Airport Group increased its shareholding in Bank of Nanjing, raising its stake from 0 to 1.09% of total share capital. East Airport Group's shareholders include the Jiangsu Provincial State-owned Assets Supervision and Administration Commission, Nanjing Zijin Investment Group, and Jiangsu Transportation Holdings Limited, with the latter two being the second and fourth largest shareholders of Bank of Nanjing. A wholly-owned subsidiary under Jiangsu Transportation Holdings, Yunshan Capital, ranks as the fifth largest shareholder of Bank of Nanjing.
On October 10, China Finance News (Reporter: Guo Zishuo) reports that since the current A-share rally began, there has been another round of shareholding increase in bank stocks.
On the afternoon of October 10, Bank of Nanjing (601009.SH) announced that it has received a notification from East Airport Group Investment Co., Ltd. (referred to as East Airport Group). From August 23 to October 9, using its own funds, the company increased its stake in Bank of Nanjing by 115,766,582 shares through the Shanghai Stock Exchange's trading system, accounting for 1.09% of Bank of Nanjing's total share capital. This marks the second A-share listed bank to receive shareholder increases since the current A-share rally began.
As of now, both banks that have disclosed shareholder increases are city commercial banks listed in Jiangsu Province.
The announcement stated that the purpose of this increased shareholding is based on confidence in the future development prospects and value growth of Bank of Nanjing. East Airport Group has committed not to reduce its holdings in Bank of Nanjing within the statutory period.
New shareholders have a mystery.
Tianyancha shows that East Airport Group's shareholders are Jiangsu Provincial Government State-owned Assets Supervision and Administration Commission, Nanjing Zijin Investment Group Co., Ltd., and Jiangsu Transportation Holdings Co., Ltd., holding 44%, 28.704%, and 27.296% respectively. Nanjing Zijin Investment Group Co., Ltd. and Jiangsu Transportation Holdings Co., Ltd. are the second and fourth largest shareholders of Bank of Nanjing. According to Bank of Nanjing's 2024 interim report data, the aforementioned two companies each hold 12.87% and 9.99% of Bank of Nanjing shares.
In addition, a wholly-owned subsidiary of Jiangsu Transportation Holdings Co., Ltd., Jiangsu Yunshan Capital Management Co., Ltd., also holds 4.8% of Bank of Nanjing's shares, ranking as the fifth largest shareholder.
Since the beginning of the year, Bank of Nanjing has received multiple shareholdings from shareholders. From February 26 to March 13, the largest shareholder of Bank of Nanjing, BNP Paribas and BNP Paribas (QFII), increased their holding by 79.869 million shares. Bank of Nanjing's semi-annual report shows that BNP Paribas (QFII) used its own funds to increase the company's shares by 145,825,969 shares through the Shanghai Stock Exchange trading system, accounting for 1.41% of the total share capital at the end of the reporting period. At the end of the reporting period, BNP Paribas and BNP Paribas (QFII) collectively held 1,828,365,373 shares of the company, accounting for 17.68% of the total share capital at the end of the reporting period.
According to Wind data, as of the close on August 23, Bank of Nanjing's stock price closed at 10.19 yuan per share. As of the close on October 9, Bank of Nanjing's stock price closed at 10.27 yuan per share. Statistics show that as of the close on October 10, the year-to-date increase of Bank of Nanjing is 48.84%.
Bank of Suzhou fired the first shot in this round of shareholder shareholding.
On the evening of October 8, Bank of Suzhou (002966.SZ) announced that it had received a notice from the largest shareholder, Suzhou Industrial Park Development Group Co., Ltd. (hereinafter referred to as "Guofa Group"), stating that Guofa Group had increased its holdings in the bank by 14,775,212 shares through the secondary market between September 19, 2024, and October 8, 2024, accounting for 0.40% of Bank of Suzhou's total share capital as of September 30, 2024.
Several industry insiders also expressed their bullish view on the banking sector allocation value. Guotai Junan Securities issued a research report at the beginning of the month, pointing out that with further policy adjustments, the downward adjustment of policy rates, the introduction of reserve requirements reduction measures, deposit rates are expected to be adjusted downward again to stabilize bank interest rate spreads. Continued fiscal efforts are bullish for government investment, leverage complementary financing demand, providing support for short-term credit injections. Further optimization of real estate policies will boost demand, with policies such as purchase restrictions, adjustments in existing home loan rates being gradually implemented, accelerating the destocking of commercial housing, improving liquidity for real estate companies, and helping optimize bank asset quality. The institution remains bullish on the banking sector allocation value.
CSC analyst Chen Guo believes there is an opportunity to further restore the valuation of the banking sector. The banking sector has already achieved significant gains this year, but the industry's PB ratio still remains at the 25th percentile level over nearly a decade, with many industry leaders still trading below book value. In the context of 'confidence re-evaluation bull', the valuations of banks in the CSI 300 index components are expected to see substantial improvements, addressing the awkward situation of many being below book value.
