上市银行调研信息披露不能“走过场”

Core Viewpoint - The recent institutional research conducted on Guiyang Bank by three major institutions has raised concerns among the market and investors regarding the value of such research, as the responses provided were largely derived from the bank's half-year report, leading to accusations of superficiality in the process [1][2]. Group 1: Institutional Research and Market Reactions - The institutional research involved inquiries about deposit growth, liability cost management, and the bank's performance outlook, but the responses were deemed insufficiently informative, prompting skepticism from investors [1][2]. - A total of 42 listed banks have been subjected to 388 institutional research sessions this year, with key issues such as interest margin contraction and performance stability being focal points of interest [1]. - Other banks, such as Jiangyin Bank and Qingdao Bank, have also faced similar criticisms for providing generic responses that lack substantive content during their investor relations activities [1]. Group 2: Regulatory and Disclosure Obligations - According to regulatory requirements, listed companies must disclose investor relations activity records, which should include comprehensive details of the questions asked and the responses given, rather than selectively omitting significant information [3][4]. - Legal experts emphasize that companies are obligated to provide full disclosure of their investor relations activities, and failure to do so could undermine investor rights and market transparency [3][4]. Group 3: Recommendations for Improvement - Listed banks are encouraged to enhance their engagement with investors by collecting core concerns through surveys and actively addressing operational pain points during research sessions [4][5]. - It is suggested that banks provide differentiated information beyond what is already disclosed in annual reports, including dynamic changes and logical interpretations, to avoid vague responses [4][5]. - Establishing a pre-review system for research content and ensuring that senior management verifies the authenticity of responses are recommended to improve the quality of disclosures [5].