Bank of Shanghai Co Ltd

Bank of Shanghai released its 2026 interim report, with total operating revenue of 28.842 billion yuan, up 5.48% year-on-year, and net profit attributable to the parent company of 13.299 billion yuan, up 0.51% year-on-year. Net cash flow from operating activities was negative 434 million yuan, an increase of 130.348 billion yuan compared with the same period last year. The asset-liability ratio was 92.16%, return on equity was 4.97%, and diluted earnings per share was 0.94 yuan, up 1.08% year-on-year. The number of shareholders was 98,300, and the top ten shareholders held 54.60% of total share capital.

China's central bank has added 8 banks to the digital yuan network, bringing the total number of e-CNY service providers to 30. The newly added banks include Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha, and Guangxi Beibu Gulf Bank, according to a Xinhua News Agency report. These banks will connect to the People's Bank of China's digital yuan system and begin providing services after completing operational and technical preparations. This network expansion follows the addition of 12 financial institutions in April, when previously only 10 banks had been approved as operators, with Industrial Bank being the latest to join in 2022.

The Shanghai bureau of the National Financial Regulatory Administration has approved Bank of Shanghai's acquisition of a 100% stake in BOSC International Company Limited. After the acquisition, BOSC International will become a direct first-tier subsidiary of Bank of Shanghai, instead of being indirectly held through BOSC Hong Kong. BOSC International has posted losses for five consecutive years, with combined losses of 2.557 billion Hong Kong dollars from 2021 to 2025, weighing on the performance of BOSC Hong Kong, which injected capital into it three times in 2023 and 2024. BOSC International is Bank of Shanghai's overseas investment banking platform, holding Type 1, Type 4, Type 6 and Type 9 licences under Hong Kong's Securities and Futures Ordinance. It lost 126 million Hong Kong dollars in 2025, while Bank of Shanghai reported a net profit of 24.2 billion yuan that year. After the upgrade, BOSC International will sit at the same level as BOSC Hong Kong, focusing on investment banking and banking businesses respectively, allowing Bank of Shanghai to promote cross-border financial business development through direct capital injections and stronger management.

Bank of Shanghai and Bank of Nanjing simultaneously disclosed share purchase plans, driving a notable recovery in the A-share banking sector in July. Some directors, executives, and mid-level managers of Bank of Shanghai plan to voluntarily increase their holdings with no less than 15 million yuan of their own funds, with the implementation period starting from July 21, 2026, for six months. Bank of Nanjing's major shareholder, Jiangsu Communications Holding Company Limited, after accumulating a 15 percent stake over nearly ten months in the previous round, has again made a new commitment to increase holdings over the next 12 months, with a cumulative minimum investment of 100 million yuan. Previously, share purchase plans of several city and rural commercial banks, including Changshu Bank and Ruifeng Bank, have been fully implemented. Among them, Ruifeng Bank's management actually bought 2.50039 million shares, exceeding the original target of 2.47 million shares. Boosted by the intensive share purchases, the Shenwan Banking Index rose 2.32 percent on July 20, with sector turnover exceeding 45.5 billion yuan. However, as of the end of June, the sector had still fallen more than 12 percent for the year, all 42 A-share listed banks were trading below book value, and the overall price-to-book ratio was about 0.6 times.

Bank of Shanghai announced that some of its directors, senior management, and middle-level cadres plan to voluntarily increase their holdings of the bank's A-shares through centralized competitive bidding, using their own funds totaling no less than 15 million yuan. The share increase plan does not set a price range, and the implementation period is six months starting from July 21, 2026.