ESG governance raises a red flag: why did Wuxi Rural Commercial Bank ignore the voices of small and medium shareholders in its ESG report interpretation?

ESG reports have always been considered a new topic in the investment field, but many investors actually do not understand them. Currently, as many as 40% of A-share listed companies regularly release ESG annual reports, but some listed companies may also treat the release of ESG reports as a routine matter. What is the problem? The banking industry has always been regarded as the industry that has done the best job in ESG, both in terms of disclosure rate and rating. However, under the halo, there are also dark corners, especially in the ESG work of small and medium-sized banks, where there is still much room for improvement--Wuxi Rural Commercial Bank is one of them. Wuxi Rural Commercial Bank (60

businesstimes cnJul 1 05:15 ET

Kaiyuan Securities: pay attention to marginal improvement of non-performing real estate inventory, there is still improvement space for national banks.

According to a research report released by Kaiyuan Securities, the impact of real estate business on listed banks will gradually weaken from 2021 onwards. Special attention is paid to the slowing down of the decline in the value of public real estate loans in 2023, which may reflect the bank's proactive risk exposure behavior, thus easing the current pressure on asset quality. At present, the following characteristics of listed banks' real estate business are presented: the scale of real estate business still accounts for a high proportion of total assets; mortgage income is still the main source of loan interest income; the provision for impairment losses of public real estate loans still drags down profits. In addition, the policies of the People's Bank of China and the China Banking and Insurance Regulatory Commission also support national commercial banks this year.

Zhitong FinanceJun 30 23:32 ET

Wuxi Rural Commercial Bank (600908.SH) will distribute a cash dividend of 0.2 yuan per share for the year 2023 on July 5th.

Wuxi Rural Commercial Bank (600908.SH) announced that the company will distribute annual dividends for the year 2023 on July 5, 2024...

Zhitong FinanceJun 27 07:15 ET

Despite Delivering Investors Losses of 2.9% Over the Past 5 Years, Wuxi Rural Commercial BankLtd (SHSE:600908) Has Been Growing Its Earnings

In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But every investor is virtually certain to have both over-performing a

Simply Wall StApr 20 22:02 ET

Bank of Wuxi (600908.SH) issued 2023 annual results, with net profit of 2.2 billion yuan, an increase of 9.96% over the previous year. It plans to distribute 2 yuan for every 10 shares

According to Zhitong Finance App, Bank of Wuxi (600908.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 4.538 billion yuan, an increase of 1.28%; net profit attributable to shareholders of listed companies was 2.2 billion yuan, an increase of 9.96% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 2,024 billion yuan, an increase of 5.83% year on year; basic earnings per share were 0.98 yuan/share. The company plans to distribute a cash dividend of 2 yuan (tax included) for every 10 shares based on the total share capital registered on the equity registration date of implementation of equity distribution. By the end of the year, the total assets of the entire bank

Zhitong FinanceMar 29 04:25 ET

Individual Investors Among Wuxi Rural Commercial Bank Co.,Ltd's (SHSE:600908) Largest Shareholders, Saw Gain in Holdings Value After Stock Jumped 4.4% Last Week

Key Insights Wuxi Rural Commercial BankLtd's significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public 48% of the business is h

Simply Wall StJan 2 17:40 ET