Bank of Shanghai and Bank of Nanjing Receive Share Purchases by Executives and State-Owned Shareholders, Banking Sector Sees Recovery in July

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Summary · why it matters

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.

Impact on assets 4

Others▲ · 4 stocks
Bank of Nanjing Co Ltd
601009
▲ PositiveCapitalrelevance

Major shareholder Jiangsu Communications commits to buy at least 100 million yuan of shares over 12 months.

Bank of Shanghai Co Ltd
601229
▲ PositiveCapitalrelevance

Directors and executives plan to voluntarily increase holdings with at least 15 million yuan of own funds.

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