Another Bank Announcement! 10 Senior Executives, Collective Accumulation!
Shanghai Bank announced on July 25th that a total of 10 senior executives, including the Party Committee Secretary Gu Jianzhong and President Shi Hongmin, collectively purchased Shanghai Bank A-shares with their own funds during the period from July 23rd to July 25th, amounting to 44,000 shares.
This year's A-share bank sector stock price continues to rise, with many banks' stocks hitting new highs.
On one hand, many listed banks' management teams and institutional shareholders actively implemented share-purchase plans; on the other hand, some banks' shareholders and management teams have yet to implement their share-purchase plans due to stock prices exceeding their planned price ceilings or even hinting at delayed implementation or non-implementation.
New "One-Hand" Leads the Buy-in!
The above-mentioned senior executives purchased Shanghai Bank A-shares with a trading price range of RMB 10.46 to RMB 10.7 per share, estimated to cost around RMB 460.24 million to RMB 470.8 million.
The announcement shows that the above-mentioned senior executives have promised to lock in their purchased shares for two years from the date of purchase.
Specifically, during this round of Shanghai Bank's share-purchase action, the Party Committee Secretary Gu Jianzhong purchased 10,000 shares, costing around RMB 100 million. Following closely behind were President Shi Hongmin and Deputy Presidents Yu Minhua and Hu Debin, who increased their stock purchases by 6.5 million, 5.5 million, and 5 million shares, respectively.
(Source: Shanghai Bank Announcement Screenshot)
According to the first-quarter performance report of Shanghai Bank, the bank achieved an operating income of RMB 135.97 billion during January to March 2025, with a year-on-year growth rate of 3.85%.
This round of share-purchase action marks Gu Jianzhong's first collective purchase since his return as the Party Committee Secretary of Shanghai Bank.