On the evening of November 21, Bank of Chengdu (601838.SH) announced that its two major shareholders, Chengdu Industrial Capital Group and Chengdu Xintianyi, jointly invested 611 million yuan to increase their holdings in the bank by approximately 34.25 million shares.
According to the announcement, the bank received notifications from Chengdu Industrial Capital Holding Group (referred to as "Chengdu Industrial Capital Group") and Chengdu Xintianyi Investment Co., Ltd. (referred to as "Chengdu Xintianyi") regarding the progress of their share purchase plans.
From August 27 to November 21, 2025, Chengdu Industrial Capital Group and Chengdu Xintianyi acquired 14,044,750 and 20,202,237 shares, respectively, through centralized bidding, accounting for 0.3314% and 0.4766% of the bank’s total shares. The total investment amounted to 252.66 million yuan and 358.35 million yuan, respectively.
After the purchases, Chengdu Industrial Capital Group holds 256,926,336 shares, representing a 6.0618% stake, while Chengdu Xintianyi holds 181,136,235 shares, or 4.2737% of the total.
The announcement noted that the share purchase plan is still ongoing, and both shareholders will continue to increase their holdings using their own funds.
In April this year, Bank of Chengdu disclosed that the two shareholders planned to invest a combined minimum of 699.98 million yuan and a maximum of 1.4 billion yuan in share purchases.
In terms of performance, the bank reported total operating revenue of 177.61 billion yuan for the first three quarters of 2025, up 3.01% year-on-year, with net profit reaching 9.49 billion yuan, a 5.03% increase. Basic earnings per share stood at 2.24 yuan. Total assets at the end of the period were 13.85 trillion yuan, while net cash flow from operating activities reached 57.59 billion yuan.
Public data shows that, in addition to Bank of Chengdu, shareholders and management of several listed banks, including Changshu Bank, Qingdao Bank, Qilu Bank, and Xiamen Bank, have been actively increasing their holdings since Q3 2025.
Wind data indicates that the financing balance of A-share bank stocks has risen from less than 56 billion yuan in early July to around 75.6 billion yuan, hitting a yearly high. Analysts suggest that long-term investors such as insurers and asset management companies (AMCs) are driving demand for high-dividend assets, potentially boosting bank stocks.
Everbright Securities noted in a recent report that, particularly after the implementation of new accounting standards in early 2026, insurers are expected to sustain their demand for high-dividend stocks like banks through OCI accounts.
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