Huan Qiu Lao Hu Cai Jing·2025-07-30 03:01Core Viewpoint - CITIC Financial Asset has significantly increased its stake in Everbright Bank, raising its shareholding from 7.08% to 8.00%, with a current market value of approximately 19.52 billion yuan [1][4][9] Group 1: Investment Activities - Between January 20, 2025, and July 22, 2025, CITIC Financial Asset acquired a total of 543 million shares of Everbright Bank, with an estimated investment of about 1.91 billion yuan [1][4] - In June 2025, CITIC Financial Asset also purchased 2.384 billion H-shares of Bank of China, spending approximately 10.98 billion yuan [1][5] - As of June 23, 2025, CITIC Financial Asset held 1.123 billion H-shares of CITIC Bank, valued at around 8.573 billion HKD [1][5] Group 2: Financial Performance - CITIC Financial Asset's total revenue for 2024 reached 107.36 billion yuan, a year-on-year increase of 53.48%, with a net profit of 9.618 billion yuan, up 444.62% [9] - The company reported a significant increase in dividend income from Everbright Bank, totaling 1.519 billion yuan for 2023 and 2024 [2][9] - The investment in bank stocks has contributed positively to CITIC Financial Asset's financial performance, with a reported gain of 9.932 billion yuan from other financial assets in 2024 [9] Group 3: Strategic Shift - The current strategy of CITIC Financial Asset focuses on financial investment in listed banks rather than seeking bank licenses or controlling stakes, aiming to optimize asset allocation and achieve investment returns [1][7] - The company plans to invest up to 40 billion yuan in Everbright Bank and 26 billion yuan in Bank of China over the next 12 months [4][10] Group 4: Broader Market Trends - Other Asset Management Companies (AMCs) are also increasing their stakes in banks, indicating a trend among AMCs to focus on financial investments rather than controlling interests [6][7] - The overall market for bank stocks appears to be an attractive opportunity for AMCs, as they seek to enhance their investment returns amid pressures in their core business of managing non-performing assets [7][15]