Core Viewpoint - China Life Insurance Co., Ltd. has completed the reduction of its stake in Hangzhou Bank, marking the end of a 16-year investment relationship, with a total net investment return of 1.893 billion yuan and an investment yield exceeding 150% [1][2] Group 1: Shareholder Actions - China Life has reduced its holdings by a total of 507,894,300 shares, accounting for no more than 0.70% of Hangzhou Bank's total ordinary shares [1] - The reduction is viewed as a market-driven decision based on China Life's asset allocation and investment management needs, with minimal impact on the market due to the small proportion of shares sold [2] Group 2: Financial Performance - Hangzhou Bank reported a revenue of 20.093 billion yuan for the first half of 2025, representing a year-on-year increase of 3.90%, and a net profit of 11.662 billion yuan, up 16.66% year-on-year [2] - The bank has maintained a nearly 20% annualized growth rate in net profit since its listing, with a non-performing loan ratio of 0.76% and a provision coverage ratio exceeding 520% [2] Group 3: Capital Structure and Strategy - Hangzhou Bank completed a 15 billion yuan convertible bond conversion, resulting in a core Tier 1 capital adequacy ratio of 9.74%, an increase of 0.89 percentage points since the beginning of the year [3] - The bank aims for reasonable growth in volume and effective improvement in efficiency, adhering to a "light capital" strategy without solely pursuing scale growth [3] Group 4: Shareholder Returns - Hangzhou Bank has significantly increased its dividend payouts, with net profit growing 3.3 times from 2016 to 2024, and plans to balance investor interests with sustainable development by implementing cash dividends twice a year [3]

Core Points - On September 30, Hangzhou Bank announced that it received a notification from China Life regarding the completion of its share reduction plan [1] - China Life has reduced its holdings in Hangzhou Bank by 50,789,430 shares, accounting for 0.70% of the bank's total ordinary shares [1] - Following the completion of this reduction, China Life no longer holds any shares in Hangzhou Bank as of the market close on September 30, 2025 [1]

Core Points - Hangzhou Bank announced that China Life Insurance Co., Ltd. has completed its share reduction plan, selling a total of 50,789,430 shares, which represents 0.70% of the company's total ordinary shares [2] Group 1 - As of September 30, 2025, China Life has reduced its holdings to below 5% of Hangzhou Bank's shares [2] - The share reduction was executed through centralized bidding [2] - Following the completion of this plan, China Life no longer holds any shares in Hangzhou Bank [2]

Core Insights - The city commercial bank sector experienced a decline of 1.0% on September 30, with Suzhou Bank leading the drop [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Stock Performance Summary - Qingdao Bank: Closed at 4.76, unchanged; trading volume of 223,200 shares, turnover of 106 million [1] - Shanghai Bank: Closed at 8.96, down 0.55%; trading volume of 416,300 shares, turnover of 373 million [1] - Beijing Bank: Closed at 5.51, down 0.72%; trading volume of 2,311,600 shares, turnover of 1.272 billion [1] - Hangzhou Bank: Closed at 15.27, down 0.78%; trading volume of 157,990 shares, turnover of 883 million [1] - Lanzhou Bank: Closed at 2.36, down 0.84%; trading volume of 339,500 shares, turnover of 80.379 million [1] - Guiyang Bank: Closed at 5.76, down 0.86%; trading volume of 271,900 shares, turnover of 157 million [1] - Chongqing Bank: Closed at 8.93, down 0.89%; trading volume of 99,700 shares, turnover of 89.151 million [1] - Changsha Bank: Closed at 8.83, down 0.90%; trading volume of 276,800 shares, turnover of 244 million [1] - Chengdu Bank: Closed at 17.25, down 0.92%; trading volume of 279,700 shares, turnover of 482 million [1] - Zhengzhou Bank: Closed at 1.98, down 1.00%; trading volume of 756,400 shares, turnover of 150 million [1] Capital Flow Analysis - The city commercial bank sector saw a net outflow of 462 million from main funds, while speculative funds had a net inflow of 331 million, and retail investors had a net inflow of 131 million [2] - Suzhou Bank: Main fund net inflow of 55.9396 million, speculative fund net outflow of 11.5337 million, retail net outflow of 44.4059 million [3] - Changsha Bank: Main fund net inflow of 33.8793 million, speculative fund net outflow of 13.6525 million, retail net outflow of 20.2268 million [3] - Qilu Bank: Main fund net inflow of 8.6825 million, speculative fund net outflow of 2.7980 million, retail net outflow of 5.8846 million [3] - Hangzhou Bank: Main fund net inflow of 7.6881 million, speculative fund net inflow of 44.2474 million, retail net outflow of 51.9354 million [3] - Guiyang Bank: Main fund net inflow of 4.8665 million, speculative fund net outflow of 1.6412 million, retail net outflow of 3.2254 million [3]

Core Viewpoint - China Life has completed its share reduction plan for Hangzhou Bank, selling a total of 50.79 million shares, which represents 0.7% of the bank's total ordinary shares [1] Summary by Sections - **Share Reduction Details** - As of September 30, 2025, China Life has reduced its holdings in Hangzhou Bank by 50.79 million shares [1] - This reduction accounts for 0.7% of the total ordinary shares of the bank [1] - Following the completion of this plan, China Life no longer holds any shares in Hangzhou Bank as of the market close on September 30, 2025 [1]

证券代码：600926 证券简称：杭州银行 公告编号：2025-073 优先股代码：360027 优先股简称：杭银优 1 国人寿不再持有公司股份。 杭州银行股份有限公司 5%以下股东减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在 任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、 准确性和完整性承担法律责任。 重要内容提示： 股东持股的基本情况：杭州银行股份有限公司（以下简称 "公司"）于 2025 年 7 月 16 日披露了《杭州银行股份有限公司 5%以下股东减持股份计划公告》（公告编号：2025-063）。公司持 股 5%以下股东中国人寿保险股份有限公司（以下简称"中国人 寿"）计划自减持计划公告之日起三个交易日后的三个月内，通 过集中竞价或大宗交易方式减持其所持公司股份，合计不超过 50,789,430 股（含本数），即不超过公司普通股总股本的 0.70%。 实施本次减持计划前，中国人寿持有公司股份 50,789,430 股，占 公司普通股总股本的 0.70%。 减持计划的实施结果情况：2025 年 9 月 30 日，公司收到 中国人寿发来的《关于减持杭州银行股份实施完成 ...

Core Viewpoint - China Life has completed its share reduction plan for Hangzhou Bank, selling a total of 50.79 million shares, which represents 0.70% of the company's total ordinary shares [1] Summary by Sections Share Reduction - As of September 30, 2025, China Life has reduced its holdings in Hangzhou Bank by 50.79 million shares through centralized bidding [1] - Following this reduction, China Life no longer holds any shares in Hangzhou Bank as of the market close on September 30, 2025 [1]

Core Points - China Life has completed its share reduction plan by selling a total of 50.7894 million shares of Hangzhou Bank, which accounts for 0.7% of the company's total ordinary shares [1] Summary by Category Company Actions - As of September 30, 2025, China Life has reduced its holdings in Hangzhou Bank to zero after the completion of its share reduction plan [1] Shareholder Changes - The reduction of 50.7894 million shares signifies a strategic move by China Life, indicating a shift in its investment strategy regarding Hangzhou Bank [1]

Core Viewpoint - China Life has completed its share reduction plan for Hangzhou Bank, selling a total of 50.79 million shares, which represents 0.70% of the company's total ordinary shares [1] Summary by Sections Share Reduction - As of September 30, 2025, China Life has reduced its holdings in Hangzhou Bank through centralized bidding [1] - The total shares sold amount to 50.79 million, bringing China Life's stake in the bank to zero [1]

南财智讯9月30日电，杭州银行公告，中国人寿保险股份有限公司已通过集中竞价方式减持公司股份 5078.94万股，占公司普通股总股本的0.70%，减持总金额为8.33亿元。减持后，中国人寿不再持有公司 股份。 ...