2 1 Shi Ji Jing Ji Bao Dao·2025-07-15 12:23Group 1 - China Life intends to reduce its stake in Hangzhou Bank by up to 50.79 million shares within three months after the announcement, which represents 0.70% of the total ordinary shares [1][2] - Prior to this reduction, China Life held 50.79 million shares, down from 285 million shares at the time of Hangzhou Bank's IPO, which was 4.80% of the total ordinary shares [2] - China Life has previously reduced its holdings in Hangzhou Bank multiple times, cashing out over 3 billion yuan in total from three reductions, with the latest reduction bringing its holdings down to 50.79 million shares [2] Group 2 - Hangzhou Bank's stock price reached a historical high of 16.92 yuan per share on July 15, with a current dividend yield of 3.84% based on the latest interim and annual reports [3][4] - There are currently 284 listed companies with a dividend yield exceeding 4%, indicating that the attractiveness of investing in Hangzhou Bank based on dividend yield is relatively low [4] - The bank's total share capital increased from 5.93 billion shares to 7.25 billion shares after the completion of the conversion of 15 billion yuan of convertible bonds, which may further dilute the earnings per share and decrease the dividend yield [4] Group 3 - Analysts expect that the banking sector may see an increase in dividend yields by 0.6-1.21 percentage points before January 2026, considering the current bank stock index levels and anticipated mid-year dividends for 2025 [5]