On February 7, the first working day of the year of the tiger, with the rise of the three major stock indexes, A-Shares made a good start. However, under the good situation of the collective rise of the banking sector, three banks Chongqing Rural Commercial Bank Co.Ltd(601077) , Bank Of Chongqing Co.Ltd(601963) , China Zheshang Bank Co.Ltd(601916) issued announcements on stabilizing the stock price on the same day.
Specifically, Chongqing Rural Commercial Bank (hereinafter referred to as ” Chongqing Rural Commercial Bank Co.Ltd(601077) “, sh601077) issued a plan on stabilizing the stock price, and plans to take measures to increase the A-share shares of the bank by its directors (excluding independent directors and directors who do not receive remuneration in the bank, the same below) and senior managers to fulfill the obligation of stabilizing the A-share price.
According to the specific plan, Chongqing Rural Commercial Bank Co.Ltd(601077) it is proposed that 9 non independent directors and senior managers who receive remuneration in the bank increase their shares in the bank with their own funds that do not exceed 15% of the remuneration (after tax) received from the bank in the previous year. There is no price range in this shareholding increase plan, and the implementation period of shareholding increase is within 6 months from February 8, 2022. Subject to the sales restriction period of the annual report and quarterly report, the shareholding increase plan will be actually implemented after the release of the bank’s first quarter report in 2022.
Shortly after landing in October 2019, finance and economics found that the stock price of 60107a} continued to be in the doldrums. As of the closing on February 7 this year, the bank’s share price closed up 1.82% to 3.92 yuan / share.
Another bank with stable share price is also from Chongqing. Bank Of Chongqing Co.Ltd(601963) (sh601963) issued a suggestive announcement on the conditions for triggering the measures to stabilize the stock price. The announcement shows that from January 4, 2022 to February 7, 2022, the closing price of A-Shares of the bank has been lower than the net assets per share for 20 consecutive trading days, reaching the conditions for triggering the measures to stabilize the stock price.
The bank said that according to the plan for stabilizing share price, the bank should formulate and announce measures for stabilizing share price within 10 trading days from the trigger date (February 7, 2022).
According to the Bank Of Chongqing Co.Ltd(601963) 2020 annual report, the latest audited net assets per share of the bank was 11.28 yuan. On July 9, 2021, the bank implemented the 2020 annual equity distribution, and the latest audited net assets per share were adjusted to RMB 10.91 after ex dividend.
Since landing on the Shanghai Stock Exchange at the issue price of 10.83 yuan / share on February 5 last year, Bank Of Chongqing Co.Ltd(601963) share price has shown a downward trend as a whole, and has fallen below the issue price since July last year. As of the closing on February 7 this year, the bank closed up 1.75% to 8.72 yuan / share.
In addition to the above two banks, from January 4, 2022 to February 7, 2022, China Zheshang Bank Co.Ltd(601916) (sh601916) A shares have also closed at less than 5.269 yuan for 20 consecutive trading days, meeting the conditions for triggering the measures to stabilize the stock price.
On the same day, the bank also issued a suggestive announcement on the conditions for triggering the measures to stabilize the stock price, and said it would formulate specific plans to stabilize the stock price within 10 trading days.
As of the closing on February 7, China Zheshang Bank Co.Ltd(601916) closed up 0.87% to 3.46 yuan / share. In terms of growth, it was at the bottom of 42 A-share listed banks.
It is reported that on December 31, 2020, China Zheshang Bank Co.Ltd(601916) audited net assets per share was 5.43 yuan. On July 30, 2021, after the bank implemented the 2020 profit distribution plan, the latest audited net assets per share after ex dividend was 5.269 yuan.
It is worth mentioning that the bank took measures to stabilize the stock price not long ago. On September 23, 2021, Zhang Rongsen, executive director and President of the bank, increased 300000 A-Shares of the bank through centralized bidding through the trading system of Shanghai Stock Exchange, at a price of 3.55 yuan / share, with an increase of 1.065 million yuan.
