外资大股东再度增持南京银行，持股比例创历史新高

Core Viewpoint - International financial capital is showing confidence in China's regional banks, particularly Nanjing Bank, through significant share purchases by major shareholders [5][6][10] Group 1: Shareholder Actions - On November 21, Nanjing Bank announced that its largest shareholder, BNP Paribas, increased its stake by approximately 12.8 million shares, raising its total holding from 17.02% to 18.06%, marking a historical high [5] - BNP Paribas had previously increased its stake in Nanjing Bank from 16.14% to 17.02% between September 22 and 26, 2025 [5] - Other major shareholders, including Zijin Group and Nanjing Gaoke, have also made significant purchases, with Zijin Trust increasing its stake from 12.56% to 13.02% and Nanjing Gaoke investing 1.684 billion yuan to acquire 14.8 million shares, nearing the threshold for a mandatory bid [6][7] Group 2: Market Trends - The trend of increasing stakes in Nanjing Bank is part of a broader movement among listed banks, with several banks like Chengdu Bank and Qingdao Bank also announcing share purchases by their major shareholders [8] - Chengdu Industrial Capital Group increased its stake in Chengdu Bank by 14.04 million shares, investing 253 million yuan, while Qingdao Guoxin Financial Holdings acquired 243 million H-shares of Qingdao Bank for approximately 957 million yuan [8] Group 3: Long-term Value Perspective - The continuous share purchases by major shareholders provide strong support for Nanjing Bank's stock price, which rose by 12.39% from September 22 to November 21, 2025, despite a broader market decline [9] - The current A-share market is shifting from high-growth to low-valuation, high-dividend sectors, with bank stocks being attractive due to their low valuation and high dividend yield, estimated at around 4.3% for mainland bank stocks [9][10] - The wave of share purchases reflects a transformation in the valuation logic of bank stocks, with investors increasingly focusing on structural advantages such as customer base, regional economic resilience, asset quality stability, and effective corporate governance [10]