After acquiring 39% of the equity in Shuigang Port Shipping, Huarong transformed into CITIC Financial Assets and has made consecutive moves.
① Suifenhe Port and Shipping successfully introduced a Strategic Investor, with CITIC Financial Assets potentially investing over 1 billion yuan to become its second-largest Shareholder with over 39% ownership. ② In recent years, CITIC Financial Assets has continued to increase external investments, with previously disclosed plans to further promote investment allocation schemes, with a total investment scale potentially reaching up to 50.3 billion yuan.
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Noah Holdings Limited (NOAH) Q3 2024 Earnings Call Transcript Summary
Are bank stocks still worth buying? CITIC Financial Assets disclosed a comprehensive investment plan of 50.3 billion, with 30 billion increasing shareholding in Bank of China, China Everbright Bank.
①CITIC Financial Assets announced that it will invest approximately 50.3 billion yuan in a comprehensive investment plan, of which 30 billion will be directly used to buy shares of Bank of China, China Everbright Bank, and other institutions. ②CITIC Financial Assets and other institutional funds buying bank stocks is inevitable. As a large-scale institutional fund, due to considerations such as risk control and capital return, it will most likely prioritize 'high dividend stocks' over thematic stocks.
Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.
①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.
Express News | Chinese brokerage stocks surge in the Hong Kong market, with CMSC climbing 10% and CITIC SEC jumping 9%.