Hua Xia Shi Bao·2025-07-25 01:00Core Insights - CITIC Financial Asset has significantly increased its stake in Everbright Bank, raising its shareholding from 7.08% to 8.00% through the acquisition of 0.92% of shares, amounting to approximately 2.225 billion RMB [2][4] - The investment plan announced in November aims to optimize investment strategies with a total investment scale not exceeding 50.3 billion RMB, including up to 26 billion RMB for Bank of China and 4 billion RMB for Everbright Bank [3] - The trend of asset management companies (AMCs) increasing their stakes in national banks while reducing their holdings in local banks reflects a strategic resource reallocation based on market conditions [2][6] CITIC Financial Asset's Investment Strategy - CITIC Financial Asset, established in 1999, aims to maximize shareholder value through a comprehensive investment strategy that includes increasing stakes in banks [3] - The company has been actively expanding its investment scale, with a new asset management plan of up to 60 billion RMB launched in February 2024, investing in various companies [5] - The growth in equity investment has been a major driver of profit, with a reported net profit of 9.618 billion RMB in 2024, a 5.4-fold increase from 2023 [5] Market Trends and AMC Activities - Several AMCs have been increasing their stakes in national banks, with notable examples including Changcheng Asset acquiring over 3% of Minsheng Bank and China Cinda converting its holdings in Pudong Development Bank [6][7] - The overall trend shows that while AMCs are increasing their investments in national banks, they are divesting from local banks, aligning with regulatory guidance to focus on core business areas [7][8] - The banking sector has seen a strong performance, with many listed banks achieving significant stock price increases, indicating a favorable market environment for investments in national banks [6][7]