AMC“买买买”！频出手，入股银行

Core Viewpoint - The article discusses the recent shareholding increases by Citic Financial Asset Management Co., Ltd. in major banks, particularly Everbright Bank and Bank of China, indicating a strategic move to enhance income and optimize asset allocation amidst a strong banking sector performance [2][4]. Group 1: Shareholding Increases - On July 23, Everbright Bank announced that Citic Financial Asset increased its shareholding to 8% [1] - Citic Financial Asset also raised its stake in Bank of China to 18.02% after acquiring 593 million H-shares [2] - Between January 20, 2025, and July 22, 2025, Citic Financial Asset acquired a total of 263 million A-shares and 279 million H-shares of Everbright Bank, increasing its holding from 7.08% to 8.00% [3] Group 2: Strategic Intent - The share purchases are part of Citic Financial Asset's commitment to invest up to 260 billion yuan in Bank of China and 40 billion yuan in Everbright Bank, totaling 300 billion yuan [4] - Analysts suggest that the investment strategy aims to improve financial returns and reduce idle capital while fostering deeper cooperation with banks in areas like bad asset disposal [8] Group 3: Broader Trends in the Industry - More Asset Management Companies (AMCs) are becoming significant shareholders in large banks, as seen with China Cinda Asset Management converting its bonds into shares of Shanghai Pudong Development Bank [9] - The trend reflects a cautious investment approach by AMCs, focusing on stable, high-dividend yielding banks to meet their return requirements [9][10] - Despite the increased stakes, AMCs are not seeking to control banks but rather to enhance income and focus on their core responsibilities [10]