CICC suggests focusing on China Construction Bank Corporation, Agricultural Bank of China, CM Bank, and HSBC Holdings.

CICC released a research report on statistics and valuations of public bank stock funds in the second quarter. The position of bank stock funds was 2.64%, up 0.28 percentage points quarterly, mainly due to the good performance of bank stocks. A-share and H-share banks have risen by 26.3% and 19.4% respectively since the beginning of the year, with state-owned banks and some regional banks performing well. Currently, the overall banking sector is still underallocated by funds by about 10.5 percentage points, which is a historically high level of underallocation, indicating that there is still room for bank stocks to increase their positions. The report mentioned that Northbound funds flowed into CM Bank (03968) and Pufa Bank, while Southbound funds flowed into state-owned banks. In the past 3 years,

新浪港股05:51 ET

CM Bank (03968.HK) faces a shareholding reduction of 6.9068 million shares by JPMorgan.

According to the latest equity disclosure information from the Hong Kong Stock Exchange, on July 16, 2024, CM Bank (03968.HK) was reduced by JPMorgan Chase & Co. at an average price of 34.5944 Hong Kong dollars per share, with a total of 6.9068 million shares, involving about 0.239 billion Hong Kong dollars. After the reduction, JPMorgan Chase & Co.'s latest holding amount is 271,740,537 shares, and the ratio of holding shares has decreased from 6.06% to 5.91%.

Gelonghui Finance18:52 ET

CM Bank (03968.HK): Zhou Song resigns as non-executive director.

On July 19th, Gelunhui reported that cm bank (03968.HK) announced that the board of directors received the resignation letter of non-executive director Zhou Song. Due to job changes, Zhou Song has requested to resign from his positions as non-executive director, member of the board's Strategic and Sustainable Development Committee, and member of the board's Audit Committee. Zhou Song's resignation will take effect on July 19, 2024.

Gelonghui FinanceJul 19 05:37 ET

CM Bank (03968): Zhou Song resigns as non-executive director.

CM Bank (03968) announced that the Board of Directors has received the resignation letter of Mr. Zhou Song, the company's non-executive director. Mr. Zhou resigned due to work reasons...

Zhitong FinanceJul 19 05:36 ET

Cm bank (03968.HK) receives JPMorgan's shareholding of 5.652 million shares.

On July 19th, according to the latest equity disclosure data from the Stock Exchange of Hong Kong, on July 12th, 2024, CM Bank (03968.HK) received JPMorgan Chase & Co.'s shareholding of 5.652 million shares at an average price of HKD 35.6096 per share, involving about HKD 0.201 billion. After the shareholding, JPMorgan Chase & Co.'s latest number of shares held increased to 277,388,674, and the shareholding ratio increased from 5.91% to 6.04%.

Gelonghui FinanceJul 18 19:01 ET

Zhang Kun's latest position holdings have been released, reducing shareholding in CM Bank in the second quarter and increasing positions in Samsonite.

At the end of the second quarter, Zhang Kun managed four funds namely E Fund Blue Chip Selected Fund, E Fund High Quality Enterprise Three Year Hold Fund, E Fund High Quality Selected Fund, and E Fund Asia Selection Fund, with a total management scale of CNY 61.681 billion, a decrease of CNY 3.015 billion from the first quarter. In terms of holding positions, Zhang Kun's overall changes were not significant, with some rebalancing between industries. Zhang Kun himself also mentioned in the second quarterly report that the fund's stock position was basically stable in the second quarter, with adjustments to the structure, including adjustments to the consumer and pharmaceutical industries. Among the four funds managed by Zhang Kun, the top ten heavy-weighted stocks before the second quarter include: CNOOC,

Gelonghui FinanceJul 17 21:53 ET