Zhong Guo Jing Ying Bao·2025-07-31 07:52Core Insights - CITIC Financial Assets has increased its holdings in Everbright Bank and Bank of China, now owning 8.00% and 18.02% of their shares respectively [1][2] - The trend of Asset Management Companies (AMCs) increasing their stakes in bank stocks is aimed at stabilizing stock prices and enhancing strategic collaboration with commercial banks [1][3] - AMCs are utilizing convertible bonds to increase their bank shareholdings, which helps mitigate direct stock price fluctuation risks [1][4] Group 1: CITIC Financial Assets' Actions - CITIC Financial Assets acquired 263 million A-shares and 279 million H-shares of Everbright Bank, raising its stake from 7.08% to 8.00% [2] - The company also increased its stake in Bank of China from 17.32% to 18.02% through recent purchases [2] - The AMC has previously announced plans to invest significantly in various banks, including a potential investment of up to RMB 260 billion in Bank of China [2] Group 2: Reasons for AMC's Increased Holdings - AMCs are focusing on stabilizing bank stock prices and enhancing market capitalization management [3] - The high dividend yield of bank stocks is a key factor driving AMCs to invest [3] - AMCs aim to strengthen cooperation with banks in managing non-performing assets through increased shareholding [3] Group 3: Convertible Bonds as a Strategy - AMCs are increasingly using convertible bonds to acquire bank shares, which allows for more flexible and timely capital replenishment for banks [4] - This method helps AMCs avoid the risks associated with direct stock price fluctuations [4] - The conversion of bonds into shares can also enhance a bank's core tier one capital, supporting its asset expansion and economic contributions [4]