Sou Hu Cai Jing·2025-07-04 15:35Group 1 - The People's Bank of China announced a net withdrawal of 491.9 billion yuan from the open market on July 4, 2023, following a reverse repurchase operation of 34 billion yuan at an interest rate of 1.4% [1] - The report from the Bank of China Research Institute indicates that the banking sector will maintain a healthy capital adequacy ratio, projected to reach approximately 15.8% by the end of Q3 2025, supported by special bonds and capital replenishment measures [2][3] - China Minmetals Corporation has completed the transfer of 40.31 million shares of Huishang Bank, representing 0.2902% of the total share capital, to Anhui Provincial Investment Group for 103 million yuan [3] Group 2 - On July 3, 2023, the approval for Yu Hua to serve as a director of Industrial Bank was granted by the National Financial Regulatory Administration [4] - China Merchants Bank received approval to establish a wholly-owned subsidiary, China Merchants Financial Asset Investment Co., with a registered capital of 15 billion yuan [5][6] - Baoding Bank has been approved to increase its registered capital by 710 million yuan, raising it from 5.27 billion yuan to 5.98 billion yuan [6] Group 3 - The insurance market in China is projected to account for over half of Asia's total premium income in 2024, with a strong growth rate of 11.2%, leading to total premium income of 754 billion euros [8] - The life insurance sector in China is expected to grow by 15.4%, significantly surpassing the average growth rate of 7.8% in Asia [7] Group 4 - A new integrated solution for accident liability determination in "human-machine co-driving" has been launched by Ping An Property & Casualty in collaboration with the China Automotive Technology and Research Center [9] - JPMorgan Chase has reduced its stake in Ping An Insurance from 7.07% to 6.62%, involving several hundred million Hong Kong dollars [10]