This newspaper (chinatimesnet.CN) reporter Feng Yingzi reports from Beijing.
In the past two years, IB has repeatedly increased its holdings in large quantities
On the evening of December 10, Industrial Bank announced that from August 1, 2022 to November 30, 2023, Fujian Port Group and its subsidiaries increased their holdings by about 55.9 billion shares of Industrial Bank, with a total shareholding ratio of 011% to 28%。
By striving for the increase of holdings of important institutions in Fujian Province, IB can solve the problem of low consolidated shareholding ratio of the top five shareholders of IB and further improve the stability of equity ownership. Regarding the increase in shareholder holdings, on May 26 this year, Lu Jiajin, chairman of Industrial Bank, said at the bank's annual general meeting of shareholders.
It has been heavily increased again
On December 10, IB announced that from August 1, 2022 to November 30, 2023, Fujian Port Group and its subsidiaries increased their holdings of the bank's shares by nearly 55.9 billion, and the shareholding ratio rose to 28%。
Among them, the number of direct shares held by Fujian Port Group is about 43.9 billion shares, accounting for 211%, in addition to subsidiaries Xiamen Port Holding Group, Fuzhou Port Group, Fujian Shipping Group, and Fujian Transportation Group accounted for respectively03%。
In this regard, the reporter of "China Times" contacted Industrial Bank, and the relevant person in charge of the bank said that the announcement shall prevail.
According to the announcement, the purpose of Fujian Port Group's increase in holdings is based on its confidence in the future development of Industrial Bank, and the funds for the increase are its own funds.
According to public information, Fujian Port Group was established in August 2020 and is an important backbone enterprise in Fujian Province, ranking 345th among the top 500 Chinese enterprises in 2023Road transport, water transport and other transportation-related supporting services;Modern logistics and commerce**, etc.
In fact, as early as the interim results briefing held in August 2021, the relevant person in charge of IB mentioned that the top five shareholders of the bank account for a relatively small proportion and the major shareholders hold relatively dispersed shareholdings, and in the future, the shareholding structure will be optimized, the total share of market circulation will be reduced, and the market value management will be done a good job at the same time.
In that year, Sunshine Holdings, which encountered operational difficulties, withdrew from the top ten shareholders of the bank, and Sunshine Holdings originally held nearly 500 million shares of Industrial Bank, accounting for about 239%。
In the following two years, IB successively increased its shareholding by Fujian state-owned assets, and its shareholding structure was optimized and improved, including a number of important institutions in the province, such as the Fujian Provincial Department of Finance, Fujian Investment Group, and Fujian Port Group.
Specifically, from January 1, 2022 to January 20, 2023, Fujian Investment Group and its subsidiary Huaxing Group continued to increase their holdings by 31.1 billion shares of Industrial Bank, with a consolidated shareholding ratio of 151% to 301%。
In addition, from July 26, 2022 to January 25, 2023, the Fujian Provincial Department of Finance increased its holdings by about 3,936 in the secondary market70,000 shares of Industrial Bank, with an increase of more than 700 million yuan. As of January 25, 2023, the Fujian Provincial Department of Finance and its wholly-funded Fujian Financial Investment held a total of about 395.5 billion shares, accounting for 1904%。
This fully reflects the confidence of relevant institutions in the optimization of our bank's assets and liabilities, future growth space and development prospects. At the annual general meeting of shareholders, Lu Jiajin said, "I hope that everyone will continue to care, support and invest in IB." ”
At the same time, Lu Jiajin revealed that IB is fully communicating with some potential strategic investors, and the relevant work is continuing to advance.
In addition to Industrial Bank, a number of listed banks have been actively increased by important shareholders during the year, including four large state-owned banks in the construction of industry and agriculture, and since November alone, Bank of Xi'an, Bank of Jiangsu, Bank of Suzhou, Bank of Ningbo and Bank of Lanzhou have issued announcements related to shareholders or senior executives increasing their holdings.
In this regard, Jiang Han, a senior researcher at Pangu Think Tank, told the China Times that the shareholders' large increase in holdings is mainly due to their confidence in the development of banking institutions, and they are also optimistic about the future development of the bank, hoping to obtain more equity and control through the increase in holdings, so as to obtain more return on investment. At the same time, some major shareholders have increased their holdings to maintain their voice in the bank.
Further improve the stability of equity
The low combined shareholding ratio of the top five shareholders is a problem that has been mentioned many times by the management of IB.
According to the third quarter report of Industrial Bank, as of the end of the reporting period, the Fujian Provincial Department of Finance and its wholly-funded Fujian Financial Investment Co., Ltd. jointly held 39 ordinary shares of the company6.5 billion shares, accounting for 1909%, which is the largest shareholder of the company.
In addition, China National Tobacco Corporation, Chinese People's Property Insurance Shares***Chinese People's Life Insurance Shares***Hong Kong**Clearing***The shareholding ratio is .44%。
The reporter of "China Times" roughly counted the shareholding concentration of the top five shareholders of joint-stock banks, and more than half of the top five shareholders of the banks held more than 50% of the shares, and the top five shareholders of China CITIC Bank and Hengfeng Bank held relatively high shares, all of which were above 90%.
A banking analyst told the China Times: "Under the condition that the circulation is basically stable, the concentration of major shareholders is reasonably increased, and the corresponding reduction in shareholding is conducive to reducing irrational speculation and enhancing stock price stability in a special market environment." ”
However, the above-mentioned analysts also pointed out that there are differences in the structure, governance, management, operation, scale, and brand of each bank, so the impact of the shareholding ratio of major shareholders on the bank is also different.
Jiang Han also told the China Times reporter that improving the control and voice of major shareholders over the bank will help better promote the business development and management of the bank, and at the same time increase the degree of interest binding of major shareholders, which will help improve the sense of responsibility and dedication of major shareholders to the bank and promote the long-term development of the bank. In addition, increasing the financial support of major shareholders to the bank will help improve the bank's financing ability and business innovation ability, and promote the sustainable development of the bank.
As of the end of March, IB's assets amounted to 9.%.83 trillion yuan, a quarter-on-quarter increase since 2015. Under the pressure of asset availability, the bank's increase in general loans ranked first among joint-stock banks.
At the general meeting of shareholders, Tao Yiping, President of IB, said that at present, the new round of balance sheet restructuring promoted by IB has achieved remarkable results.
It can be seen that "balance sheet reconstruction" has become one of the important tasks of IB, and the plan has been repeatedly mentioned in IB's 2022 annual report, subsequent annual performance briefings, and first-quarter performance exchange meetings.
Tao Yiping proposed that "reconstruction" is to comply with the requirements of grasping the new stage of development, practicing the new development concept, and building a new development pattern. "By continuously improving the fit between the customer structure, business structure and economic structure, it will not only help stabilize short-term business performance, but also lay a solid foundation for sustainable development in the future. ”
Editor-in-charge: Meng Junlian Editor-in-chief: Zhang Zhiwei.