Bank of China rose 1 point and Shanghai Composite Index rose 1 point.
Bank of China will land on the Shanghai Stock Exchange on July 5th, and the share capital included in the index is 65.438+0778 billion shares, which is 2.54 times that of China Petrochemical, and will become the most weighted sample stock of the two cities. According to analysts' calculations, every increase or decrease of 1 point by BOC will affect the increase or decrease of 1 point by Shanghai Composite Index. If calculated by the listing price of BOC 3.6 yuan, its listing will drive the Shanghai Composite Index to rise by 52 points. Excluding the market value of H shares, the total market value of BOC will reach 640 billion yuan, accounting for about 2 1.6% of the total market value of more than 2,963 billion in Shanghai.
In order to cooperate with the listing of Bank of China, it is convenient for it to enter the sample stocks of representative index as soon as possible. After extensively soliciting market opinions and deliberation by the index expert committee, CSI Index Co., Ltd. decided to supplement the rules for large-cap stocks to quickly enter the index. For newly issued stocks, if the sample conditions are met, and the total market value (excluding overseas listed stocks) is before the Shanghai and Shenzhen markets 10, the quick index entry rule will be enabled, that is, the stocks with the lowest daily average market value in the latest year in the original index sample will be excluded. According to this rule, China Bank will enter the CSI 300 and CSI 100 index after the tenth trading day.
In addition, the Shanghai Stock Exchange announced that it intends to supplement the rules of the Shanghai Stock Exchange 180 Index and the Shanghai Stock Exchange 50 Index as follows: newly issued stocks with the total market value (excluding overseas listed stocks) ranking in the top ten in the market and the listing time exceeding 20 trading days from the effective date of the next regular adjustment of sample stocks will be included in the Shanghai Stock Exchange 180 Index, and after the end of the tenth trading day, they will be caused by issuance, reorganization and merger.
At 9: 25 on July 5, 2006, when the shareholder Lao Wang went to the sales department, he was surprised to find: "No, the index rose by 50 points as soon as it opened today! Is it a virus in the market system? "
This scene is not from science fiction, because next Wednesday, China Bank, the largest "aircraft carrier" in the history of Shanghai and Shenzhen stock markets, will land in A shares, and will replace China Petrochemical as the largest heavyweight in the Shanghai Stock Index!
China Bank will be included in the Shanghai Composite Index on the day of listing. It is estimated that if the stock rises to 3.70 yuan, then the Shanghai Composite Index will rise by 50 points!
Industry insiders predict that the listing of BOC is likely to be positioned at 3.60-3.80 yuan.
This is the power of the Bank of China!
The first fully-circulated super-large-cap stock.
On Wednesday, the Shanghai and Shenzhen stock markets will welcome a company with the largest share capital in history-Bank of China, which is the first fully-circulated "aircraft carrier" and is of epoch-making significance to the A-share market.
The issue price of BOC is 3.08 yuan/share, and the number of issued shares is 6.493506 billion.
Yesterday, Bank of China released its annual report for 2005. The annual report shows that the net profit of BOC last year was 27.5 billion yuan, with earnings per share of 0. 15 yuan, an increase of 3 1% compared with 2004, and net assets per share of 1. 12 yuan. New non-performing loans dropped sharply, the non-performing loan ratio dropped to 4.62%, and the capital adequacy ratio reached 10.42%.
By the end of 2005, the total assets of China Bank reached 4,742.8 billion yuan, an increase of 65,438+0.06% over the end of last year. The balance of various loans was 2,235 billion yuan, an increase of 4. 13% over the end of last year, and the loan impairment loss also decreased by 52% in 2004. According to the insiders, compared with the same industry, the biggest advantage of China Bank lies in its international business.
Investment banking insurance of commercial banks has become the main source of income for banks in China.
As one of the few financial institutions with mixed operation qualifications in China, commercial banks, investment banks and insurance businesses constitute the three main businesses of BOC, and these three businesses have also become the most important profit sources of BOC. Among them, the largest proportion is still commercial banks.
As the traditional main business of China Bank, commercial banks mainly include corporate business, personal financial business and fund business. The annual report shows that the savings balance of corporate business is the highest, followed by personal business. According to statistics, the balance of RMB savings deposits in domestic banks in 2005 was 14, 163 billion yuan, an increase of 232 10 billion yuan over the end of last year, and the market share was 10.0%, an increase of 0. 1% over the end of last year.
While developing commercial banking business, insurance business is also an important pillar of BOC business. In 2005, BOC Group Insurance, a subsidiary of BOC Group Insurance, and BOC Group Life Insurance, a subsidiary of BOC Group Insurance, realized gross premium income of HK$ 4.9 billion. By the end of 2005, the total insurance assets of BOC Group were HK$ 3.9 billion and the total life insurance assets were HK$ 9.5 billion.
BOC International, a subsidiary of Bank of China, gives full play to its advantages across the Mainland and Hong Kong, making investment banking an important part of the income sources of China banks. Under the background of good performance growth, in 2005, the spot trading volume of BOC International's shares remained in the top six in the Hong Kong market.
Bank of China listed: a stone nearly three times that of Sinopec.
Bank of China successfully completed the subscription procedure for A-share issuance last Friday, and the recovery of the market for seven consecutive years seems to indicate that all parties involved in the market have high expectations for Bank of China to lead the market through the waves.
Li Xianming, an investment strategy researcher at Ping An Securities Research Institute, recently said in an interview with China Business News that as the new "leader" of the A-share market, assuming that the pricing of BOC on the first day of listing is close to that of H-shares, even if other factors are not considered, it will drive the Shanghai Composite Index to "rise" by about 36 points, which has obvious pulling effect on the index.
Li Xianming believes that after the issuance of A shares by BOC, its share capital that may be included in the Shanghai Stock Exchange Index will reach 654.38+0778 billion shares, which is China Petrochemical (600028. SH) At present, it has replaced China Petrochemical and become the sample stock with the largest equity weight in the Shanghai Stock Exchange Index. At present, the total share capital of the five companies with the largest share capital weight in Shanghai stock market is1310.75 million shares, accounting for about 25.56%; After the issuance of China Bank, the total share capital of the five companies with the largest share capital in Shanghai will account for 43.25% of the total share capital of the companies in Shanghai, and the weight of the Shanghai Composite Index will be further concentrated.
"At present, the H-share price of BOC is equivalent to about RMB 3.60. Assuming that the share price of China Bank's A-share listing is also set at about 3.60 yuan, after the issuance of A-shares, the total market value of China Bank excluding H-shares will reach 640 1.7 1 billion yuan. Based on this calculation, the total market value of China Bank will account for about 18.05% of the total market value of Shanghai Stock Exchange. The proportion of the total market value of the five companies with the largest total market value in Shanghai stock market to the total market value of all companies in Shanghai stock market has also increased from 22.80% before the issuance to 35.438+0%. The influence of heavyweights on the stock index will further increase.
Judging from the H-shares of BOC, the recent share price is around HK$ 3.4, which is about 3.5 yuan when converted into RMB. At the same time, considering the widespread premium between A shares and H shares, the possibility that Bank of China A shares will rise to 3.8 yuan is not ruled out, which is equivalent to a premium of 23%.
China Bank, which replaced Sinopec as the first heavyweight in the two cities, is also worth looking forward to. Market participants estimate that since the new shares are directly included in the index on the day of listing, if China Bank rises to 3.5 yuan on the same day, the Shanghai Composite Index will rise by about 42 points; If it rises to 3.8 yuan, it can directly raise the Shanghai Composite Index by about 70 points.