Continuing to increase the pace, Ping An will increase its Shareholding in three Banks after the New Year.

Ping An Insurance's enthusiasm for bank stocks continues. On February 11, the Hong Kong Stock Exchange disclosed that Ping An and its subsidiary Ping An Asset Management had consecutively increased their shareholding on February 6.

wallstreetcnFeb 12 04:31 ET

Insurance capital's first move in the New Year! "Major shareholder" Ping An Life has taken a stake in Postal Savings Bank Of China.

Previously, insurance funds increased their stakes in multiple Banks stocks.

wallstreetcnJan 15 04:32 ET

The minimum payment ratio for credit cards has hit a new low, with Bank Of Communications lowering it to 2% for certain customers, while several major banks still maintain 10%.

① Bank Of Communications plans to adjust the minimum repayment ratio for some credit card customers from 5% to 2% in the near future. ② Bank Of Communications is the first state-owned bank to make such an adjustment this year, and this repayment ratio is currently the lowest in the market. ③ Currently, the default minimum repayment ratio for most credit cards from Bank Of China, Industrial And Commercial Bank Of China, and Postal Savings Bank Of China is 10%; Agricultural Bank Of China has some credit card products at 5%, while others still operate at 10%.

cls.cnJan 14 06:41 ET

Ping An Insurance continues to "shop" for state-owned banks: investing 0.13 billion HKD to Buy Agricultural Bank Of China's Listed in Hong Kong shares, with a shareholding ratio of 5.05%.

① On January 7, Ping An Insurance Buy 31,678,000 shares of Agricultural Bank Of China Listed in Hong Kong, increasing its shareholding ratio from 4.95% to 5.05%; ② Ping An Asset Management previously disclosed that on January 3, after buying Agricultural Bank Of China Listed in Hong Kong, its shareholding ratio reached 5.03%; ③ Since last year, Ping An Insurance has been continuously 'sweeping up' H shares of major state-owned banks such as ICBC, CCB, PSBC, and Agricultural Bank Of China.

cls.cnJan 11 01:21 ET

In 2037, veteran Lin Jingzhen stepped down, and the personnel adjustments at the Bank of China continue.

At the beginning of 2025, Bank Of China (601988.SH) welcomed another personnel adjustment. On January 7, Bank Of China announced that Vice President Lin Jingzhen has...

wallstreetcnJan 8 03:39 ET

After being vacant for more than two years, Zheng Guoyu was elected as the new Chairman of the Postal Savings Bank Of China, previously serving in the Bank Of China and Industrial And Commercial Bank Of China.

① This afternoon, the Postal Savings Bank Of China announced that, following a resolution by the Board of Directors, Zheng Guoyu has been elected as the Chairman of the Postal Savings Bank Of China, and his qualification is subject to approval by the National Financial Regulatory Administration before taking effect; ② Zheng Guoyu currently serves as a director, general manager, and chief compliance officer of China Post Group Co., Ltd. He has previously held the position of vice president at both the Bank Of China and the Industrial And Commercial Bank Of China.

cls.cnJan 2 05:16 ET