A股上市银行再现股东、高管增持潮！ 近日，包括成都银行、南京银行、常熟银行、沪农商行等上市银行纷纷发布公告称，获得重要股东或董 监高增持，部分增持动作仍在进行当中。这也是继10月以来，厦门银行、齐鲁银行、青岛银行等相继披 露类似公告后，近期又一批获增持的上市银行。 其中成都银行于11月21日晚间公告称，该行两大股东成都产业资本控股集团有限公司（下称"成都产业 资本集团"）、成都欣天颐投资有限责任公司（下称"成都欣天颐"），合计耗资约6.11亿元增持该行股 份近3424.7万股。 公告显示，2025年8月27日至11月21日期间，成都产业资本集团和成都欣天颐通过集中竞价的方式分别 累计增持成都银行股份1404.48万股和2020.22万股，分别累计增持金额约2.53亿元和约3.58亿元。 阶段性增持后，目前成都产业资本集团的持股比例约为6.06%，成都欣天颐持股比例约为4.27%。公告 称，本次增持计划尚未实施完毕，两家公司将按照增持计划以自有资金继续增持成都银行股份。按照今 年4月公告，上述两家增持主体拟增持金额合计不低于7亿元，合计不高于14亿元。 就在上述公告发布的同一天，另一家上市城商行——南京银行也披 ...

Core Viewpoint - The A-share market is experiencing fluctuations, yet several listed banks are seeing increased holdings, with bank stocks performing well against the market trend. Notably, Nanjing Bank and Chengdu Bank have received significant share increases from major shareholders, indicating a shift in investment strategies from defensive to proactive market management [1][2]. Group 1: Shareholder Activities - Nanjing Bank announced that BNP Paribas (QFII) increased its holdings by approximately 128 million shares, raising its total stake from 17.02% to 18.06% [1]. - Chengdu Bank reported that its two major shareholders collectively increased their holdings by about 34.247 million shares, with a total investment of approximately 611 million yuan. Their planned increase is expected to be between 700 million yuan and 1.4 billion yuan [1]. Group 2: Market Performance - The banking sector has shown resilience amid market volatility, with 17 bank stocks recording positive returns over the past month. Agricultural Bank of China leads the sector with a year-to-date increase of 57.84% [2]. - Among 42 listed banks, 35 reported year-on-year profit growth in the first three quarters, with seven banks achieving double-digit profit increases [2]. Group 3: Analyst Insights - Multiple brokerage analysts have reiterated that there are investment opportunities within the banking sector, citing strong fundamentals and favorable market conditions, including risk-averse sentiment and long-term capital preferences from insurance companies [2]. - Smaller insurance institutions are seeking long-term equity investment opportunities in smaller banks, suggesting that quality city commercial banks may see increased allocations [2].

丨证券研究报告丨 行业研究丨行业周报丨银行 [Table_Title] 关注零售贷款资产质量趋势 ——银行业周度追踪 2025 年第 46 周 报告要点 [Table_Summary] 本周市场整体下跌，风险偏好明显回落，银行股小幅回调，但明显跑赢大盘及创业板指数，体 现防御属性。四季度以来市场调整过程中国有行表现最突出，率先创新高，同时中期分红时点 提前至 12 月，推动配置盘加仓。个股层面，国有行呈现轮动式上涨，前期领涨的农业银行本周 调整，但中国银行 A 股大涨，建设银行 A 股、交通银行 A 股等也涨幅靠前，南京银行大股东法 巴银行再度增持，推动涨幅领先。四季度继续看好银行股系统性估值修复，红利配置盘持续加 仓，同时受益市场风险偏好回落。 分析师及联系人 [Table_Author] 马祥云 盛悦菲 SAC：S0490521120002 SAC：S0490524070002 SFC：BUT916 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table_Title 关注零售贷款资产质量趋势 2] ——银行业周度追踪 2025 年第 46 周 [Tab ...

Core Viewpoint - The A-share market is experiencing fluctuations, yet several listed banks are seeing increased holdings, with bank stocks performing well against the market trend [1][2] Group 1: Bank Stock Performance - Nanjing Bank's foreign major shareholder increased its stake by 128 million shares, raising its holding ratio to a record high of 18.06% [1] - Chengdu Bank's two major shareholders jointly increased their holdings by approximately 34.247 million shares, with a total investment of about 611 million yuan [1] - As of November 21, 17 bank stocks have shown positive cumulative growth over the past month, with Agricultural Bank of China leading the sector with a 57.84% increase year-to-date [2] Group 2: Market Trends and Analyst Insights - Since October, there has been a "buying wave" among listed banks, particularly in city commercial banks and rural commercial banks, which account for over 80% of the increases [1] - Analysts note a shift in buying strategies from defensive to proactive market value management, driven by expectations of economic recovery and stable interest margins [1] - 35 out of 42 listed banks reported year-on-year profit growth in the first three quarters, with 7 banks achieving double-digit growth [2] - Analysts emphasize the resilience of the banking sector's fundamentals, supported by market risk aversion and strong long-term capital allocation preferences from insurance companies [2]

Core Viewpoint - Several listed banks have seen significant share buybacks from major shareholders, indicating confidence in their future development and value growth [1][2][4]. Group 1: Shareholder Actions - Nanjing Bank announced that its major shareholder, BNP Paribas, increased its stake by approximately 12.8 million shares, raising its total holding from 17.02% to 18.06% [2]. - Chengdu Bank reported that its two major shareholders collectively increased their holdings by about 14.04 million shares and 20.20 million shares, with total investments of approximately 253 million yuan and 358 million yuan respectively [2]. - Senior management at Changshu Bank, including the president and several vice presidents, announced plans to increase their holdings, reflecting confidence in the bank's long-term investment value [3]. Group 2: Market Trends and Valuation - The banking sector has shown resilience, with the Wind Bank Index recording a cumulative increase of nearly 8% in the fourth quarter, while some major banks reached historical highs [4]. - Analysts suggest that the recent buybacks by major shareholders and management reflect confidence in the long-term investment value of banks, particularly in resilient regional banks [4][6]. - The low valuation and high dividend yield of bank stocks are expected to attract long-term capital, indicating potential for further valuation recovery [5][6]. Group 3: Future Outlook - Future valuation recovery for bank stocks is anticipated to rely on three main drivers: attractive low valuations and high dividend yields, regional economic resilience supporting asset quality, and policy support stabilizing interest margins [6].

Investment Rating - The report assigns an "Accumulate" rating for the banking sector [5]. Core Insights - Since the beginning of the year, many banks' shareholders and executives have actively increased their holdings, ranking first among 31 industries in terms of the amount of increase. Notable banks with significant increases include Nanjing Bank, Suzhou Bank, Everbright Bank, Shanghai Pudong Development Bank, and Chengdu Bank [2][5]. - The net amount of shareholding changes in the banking sector is approximately 9.03 billion, with an increase of about 12.63 billion, ranking second only to the transportation industry. The decrease amounts to about 3.60 billion [5]. - More than half of the banks have disclosed plans for major shareholders or executives to increase their holdings, with the top three banks in terms of increased amounts being Nanjing Bank (7.38 billion), Suzhou Bank (1.74 billion), and Everbright Bank (1.24 billion) [5]. Summary by Sections Related Reports - The report references several related reports on banking, including topics such as mid-term dividend acceleration and credit issuance tracking [4]. Industry and Company Dynamics Tracking Major News - The People's Bank of China announced the LPR rates for one year and five years remain unchanged at 3.0% and 3.5%, respectively [11]. - Recent surveys indicate that operating loan rates have dropped significantly, with some banks offering rates below 2.5% [11]. Major Announcements - Wuxi Bank plans to implement a mid-term dividend of 0.11 yuan per share, totaling 241 million [12]. - Nanjing Bank's major shareholder, France's BNP Paribas, increased its holdings by 128 million shares, representing 1.04% of the total share capital [12]. Weekly Data Tracking - During the period from November 17 to November 21, the banking sector experienced a decline of 0.87%, outperforming the CSI 300 index by 2.90 percentage points [5][14]. - The average interest rate for the six-month national large banks and joint-stock banks increased by 7 basis points to 0.68% [5].

Core Viewpoint - A-share listed banks are experiencing a wave of share buybacks from shareholders and executives, indicating confidence in the long-term prospects of these banks amidst market volatility [1][3][5]. Group 1: Shareholder and Executive Buybacks - Recently, several listed banks, including Nanjing Bank and Chengdu Bank, announced significant share buybacks by major shareholders and executives, reflecting a trend that began in October with other banks like Xiamen Bank and Qilu Bank [3][4]. - Chengdu Bank reported that its two major shareholders invested approximately 611 million yuan to buy back nearly 34.247 million shares, with plans for further purchases totaling between 700 million and 1.4 billion yuan [3][4]. - Nanjing Bank's largest shareholder, BNP Paribas, increased its stake by approximately 12.8 million shares, raising its total holding from 17.02% to 18.06%, marking a new high for its ownership [4]. Group 2: Market Performance and Analyst Insights - The banking sector has shown resilience, with 17 bank stocks reporting positive returns over the past month, including China Bank with a 13.74% increase [9]. - Despite recent gains, the overall valuation of bank stocks remains low, with a median price-to-book ratio of about 0.6, indicating potential for further appreciation [9]. - Analysts from various institutions reaffirmed the investment opportunities in the banking sector, highlighting the appeal of high dividend yields and low valuations as key factors for future investments [10][11]. Group 3: Confidence in Long-term Value - The increase in share buybacks by executives and major shareholders is seen as a signal of confidence in the banks' long-term value and a strategy to stabilize market sentiment [7]. - The shift in buyback activity from low-price periods to times of rising stock prices suggests a proactive approach to managing market perceptions and valuations [7].

Core Viewpoint - The recent trend of share buybacks by major shareholders and executives in A-share listed banks, particularly city commercial banks and rural commercial banks, indicates strong confidence in the long-term development prospects of these institutions [1][4]. Group 1: Shareholder and Executive Buybacks - Multiple listed banks, including Nanjing Bank and Chengdu Bank, have announced significant share buybacks by major shareholders and executives, reflecting a growing trend since October [2][3]. - Chengdu Bank's major shareholders invested approximately 611 million yuan to buy back nearly 34.247 million shares, with plans for further purchases totaling between 700 million and 1.4 billion yuan [2]. - Nanjing Bank's largest shareholder, BNP Paribas, increased its stake by approximately 12.8 million shares, raising its total holding to 18.06%, marking a new high [3]. Group 2: Market Performance and Investor Sentiment - Despite overall market volatility, the A-share banking sector has shown resilience, with major banks like Bank of China and Industrial and Commercial Bank of China reaching new historical highs [1][6]. - In the past month, 17 banking stocks have recorded positive cumulative gains, with Bank of China leading at a 13.74% increase [6]. - The overall valuation of A-share listed banks remains low, with a median price-to-book ratio of approximately 0.6, indicating potential for further appreciation [6]. Group 3: Analyst Insights and Future Outlook - Analysts from various brokerage firms have reiterated investment opportunities in the banking sector, highlighting the sector's high dividend yield and low valuation as attractive features [7]. - The shift in investment logic from "pro-cyclical" to "weak-cyclical" suggests that during periods of economic stagnation, banking stocks will remain appealing due to their consistent high dividends [7]. - There is an expectation that medium-sized insurance companies will increasingly seek long-term equity investments in smaller banks, further supporting the sector's growth [7].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券简称: 南京银行 证券代码: 601009 编号: 2025-085 优先股简称：南银优1 优先股代码：360019 南银优2 360024 南京银行股份有限公司关于2025年 金融债券（第二期）（债券通）发行 完毕的公告 特别提示： 本公司董事会及全体董事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。 经中国人民银行批准，南京银行股份有限公司于近日在全国银行间债券市场成功发行"南京银行股份有 限公司2025年金融债券（第二期）（债券通）"（以下简称"本期债券"）。 本期债券于2025年11月21日发行完毕，发行总额为人民币100亿元，为3年期固定利率债券，票面利率 1.80%。 本次债券募集的资金将用于优化中长期资产负债匹配结构，增加稳定中长期负债来源并支持中长期资产 业务的开展。 特此公告。 南京银行股份有限公司董事会 2025年11月21日 证券简称: 南京银行 证券代码: 601009 编号: 2025-084 优先股简称：南银优1 优先股代码：360019 南银优2 360024 南京 ...

Group 1 - The company held its 15th meeting of the 10th Board of Directors on November 21, 2025, with 9 out of 10 eligible directors present, and the meeting was conducted in accordance with relevant laws and regulations [1][2]. - The Board approved the redemption of 490 million yuan of preferred shares issued in 2015, with unanimous support from the directors [2][11]. - The company received no objections from the Jiangsu Regulatory Bureau of the National Financial Supervision Administration regarding the redemption of the preferred shares [2][11]. Group 2 - The company successfully issued the "Nanjing Bank Co., Ltd. 2025 Financial Bonds (Second Phase)" on November 21, 2025, with a total issuance amount of 10 billion yuan and a fixed interest rate of 1.80% for a three-year term [2][3]. - The funds raised from this bond issuance will be used to optimize the long-term asset-liability matching structure and support the development of long-term asset business [3]. Group 3 - The company plans to fully redeem the preferred shares on December 23, 2025, at a price that includes the face value and any declared but unpaid dividends [5][11]. - The redemption will be executed in accordance with the relevant legal and regulatory requirements, and the company will ensure timely information disclosure regarding the redemption process [11][12]. Group 4 - The major shareholder, BNP Paribas, increased its stake in the company by acquiring 128,231,748 shares between September 29, 2025, and November 20, 2025, raising its total holding from 17.02% to 18.06% [15][18]. - This increase in shareholding does not trigger a mandatory takeover bid and is funded entirely by the shareholder's own resources [19][20].