China Life Insurance plans to reduce its shareholding in Bank of Hangzhou by 0.11 billion shares. Will clearing out the shares cause fluctuations in the stock price? Who will take over?

China Life Insurance plans to reduce its shareholding of Bank of Hangzhou by no more than 110,092,230 shares. Based on the current share price, this liquidation by China Life Insurance may be worth 1.5 billion yuan. Experts believe that this reduction will have limited impact on Bank of Hangzhou, but may cause short-term fluctuations in the stock price. Local state-owned shareholders are expected to take over and increase their stake.

cls.cnAug 20 12:06 ET

Bank of Jiangsu's performance doubled in the first half of the year, net interest margin further reduced to 1.9%. Experts say the narrowing of the interest rate decline and the effect of suppressing deposit costs are beginning to appear.

In the first half of the year, the bank of jiangsu achieved revenue of 41.625 billion yuan and a net income attributable to the parent of 18.731 billion yuan, an increase of 7.16% and 10.05% respectively. At the same time, the net interest spread further decreased by 8 basis points to 1.9%. Experts believe that the bank's interest rate decline has narrowed slightly, and the improvement of deposit costs has effectively alleviated the downward pressure on interest rates. It is expected that the impact of the price reduction adjustment will continue to be released to support interest rate performance.

cls.cnAug 17 03:25 ET

The first listed city commercial bank in northwest China, the chairman announced.

The new chairman of the first listed city commercial bank in northwest China has been announced! According to relevant announcements, Liang Banghai's qualifications for the position of chairman of Bank of Xi'an have been approved by the relevant regulatory authorities recently. Due to the above work adjustment, Liang Banghai also resigned from the position of company president. However, before the new president takes office, Liang Banghai will act as the president. According to the resume information, Liang Banghai was born in August 1970, with a doctoral degree and a senior accountant qualification. He has long served in policy banks, working as a staff member at the Xi'an branch of China Investment Bank, deputy section chief and section chief at the Shaanxi branch of the China Development Bank, and party committee member and deputy director at the Tibet branch of the China Development Bank.

wallstreetcnJul 16 04:49 ET

Lucas GC Partners With Bank Of Ningbo To Develop AI Solutions To Enhance Wealth Management Business

BenzingaJul 12 08:37 ET

Bank of Zhengzhou justifies the rationality of "no dividends for four years"

On the evening of June 24th, Bank of Zhengzhou (002936.SZ) announced that it had received the Inquiry Letter from the China Securities Investors Service Center, and responded to the small and medium shareholders' concern that the bank did not distribute cash dividends for four consecutive years despite profitability from 2019 to 2023, with net incomes of 3.168 billion yuan, 3.226 billion yuan, 2.422 billion yuan, and 1.85 billion yuan respectively attributable to shareholders of the listed company. However, in the Special Report released in March, the bank stated that it will consider the issue of profit distribution accordingly in the future.

wallstreetcnJun 25 09:00 ET

“Post-70s” Yuan Jun plans to be the governor of the Bank of Jiangsu

On the evening of April 15, the Bank of Jiangsu issued an announcement. The board of directors of the company agreed to appoint Yuan Jun as the company's president and also agreed to Yuan Jun as a candidate for the company's director. Currently, his qualifications as governor are subject to approval by the supervisory authorities; proposals relating to the company's director candidates still need to be submitted to the company's shareholders' meeting for review and approval. According to his resume, Yuan Jun, male, born in 1971, has a college degree, is an economist, and is currently the deputy party committee secretary of the Bank of Jiangsu. Previously, Yuan Jun served as a non-bank clerk and inspection office clerk in the Jiangsu Branch Audit Office of the People's Bank of China, a clerk at the Nanjing Branch Inspector's Office of the People's Bank of China, and a discipline inspection inspector at the Inspector's Office (

wallstreetcnApr 15 06:37 ET