Since this year, there have been 10 bank shares with restricted shares lifted, and the market value of the lift is 27.572 billion yuan. However, the larger scale of the lift is still behind.

According to Wind data, there are still 8 banks with restricted shares to be lifted this year, and the market value to be lifted is 122.837 billion yuan. Will a large-scale lifting of the ban worsen the stock price of bank stocks that have already been “broken”?


Bank shares are lifted, with small and medium-sized banks accounting for the majority ), Qingdao Bank (002948.SZ), Zhengzhou Bank (002936.SZ), Zhangjiagang Bank (002839.SZ), Chengdu Bank (601838.SH), Xi’an Bank (600928.SH), Industrial Bank (601166.SH), Jiangyin Bank (002807.SZ), Hangzhou Bank (600926.SH), Zheshang Bank (601916.SH), etc., except Industrial Bank and Zheshang Bank are joint-stock banks, all others are city commercial banks and rural commercial banks.

Among them, Zijin Bank has lifted the most restricted shares. On January 3, March 3, April 3, and May 6 of this year, Zijin Bank lifted 13,896.619 million shares, 41,200 shares, 94,400 shares, and 100.4 thousand shares respectively. Since this year, Zijin Bank has lifted a total of 13.69 shares. 100 million shares, the market value of lifting the ban is 7.462 billion yuan.

Industrial Bank lifted 5,629,138 shares on April 7, with a market value of 9.125 billion yuan, which is the bank with the highest market value so far. In addition, except for the Industrial Bank ’s lifting of the banned shares to be issued by directional placement institutions, the bank shares that have been lifted are all first-time restricted shares issued by the original shareholders.

Among the bank shares to be lifted this year, Zheshang Bank, Yunong Commercial Bank (601077.SH) and Postal Savings Bank (601658.SH) returned from A shares to A As of now, Zheshang Bank has imposed a ban on its shares.

On May 26, Zheshang Bank lifted the ban of 428 million initial-issuer placement shares. On the day of lifting the ban, Zheshang Bank’s share price was 3.4 yuan / share at the close, down 31.17% from the IPO issue price of 4.94 yuan / share on November 26 last year.

It is worth mentioning that, in order to stabilize the stock price, Zheshang Bank issued an announcement on May 20. As of May 20, 11 senior managers of Zheshang Bank have increased through the Shanghai Stock Exchange trading system. Holding 538,300 shares of Zheshang Bank, the total amount of the increase in holdings is RMB 2.183 million.


Bank stocks are “broken” on a large scale

According to Wind data, as of now, the banks that want to lift the ban on bank stocks this year include Postal Savings Bank, Bank of Suzhou (002966.SZ), Pudong Development Bank (600000.SH), Yunong Commercial Bank, Changshu Bank (601128.SH), Bank of Ningbo (002142.SZ), Zheshang Bank, Bank of Beijing (601169.SH), pending lifting of the ban The number of shares is 22,557 million shares, and the market value to be lifted is 122.837 billion yuan.

Among the banks to be lifted, except the Postal Savings Bank and Pudong Development Bank, the rest are urban commercial banks and rural commercial banks. Among them, the Postal Savings Bank will lift the ban once on June 10 and December 10, respectively, and the market value of the shares of the Postal Savings Bank will be the highest at 42.249 billion yuan.

From the perspective of the types of shares to be lifted by the bank to be lifted, the types of shares to be lifted by the Postal Savings Bank are the first general shares, the first placement shares, Bank of Suzhou, Changshu Bank, Zheshang Banks are the first issue of restricted shares for the original shareholders, Pudong Development Bank, Bank of Ningbo, and Bank of Beijing are the placement of additional placement shares. Postal Savings Bank is the first issue of restricted shares for the original shareholders and the first strategic placement of shares.

In addition, it is worth noting that bank stocks are currently in a “broken net” state, and the lifting of restrictions on restricted shares may put greater pressure on bank stock prices. Among the 10 banks that have been lifted, except for Zijin Bank ’s price-to-book ratio, there is no “broken net”, and almost all other banks are “broken net”. As of now, the P / B ratio of Zijin Bank is 1.01 times, the P / B ratio of Bank of Qingdao, Zhengzhou Bank, Zhangjiagang Bank, Chengdu Bank, Xi’an Bank, Industrial Bank, Qingdao Bank, Hangzhou Bank, Zheshang Bank is 0.97 times and 0.70 times , 0.89 times, 0.77 times, 0.92 times, 0.65, 0.97 times, 0.66 times and 0.51 times.