Bank of Communications "takes the lead", as for the first time this year, a state-owned bank has closed its remote credit card processing center, similar actions were taken by multiple banks last year.
On January 10, the Jiangxi Financial Regulatory Bureau announced that, after review, it agreed to terminate the operations of the Bank Of Communications The Pacific Credit Card Center Nam Cheong Branch. All business and personnel will be transferred to the management of the Bank Of Communications Jiangxi Provincial Branch. This is also the first state-owned bank this year to announce the closure of a remote credit card branch.
Ping An Insurance continues to "shop" for state-owned banks: investing 0.13 billion HKD to Buy Agricultural Bank Of China's Listed in Hong Kong shares, with a shareholding ratio of 5.05%.
① On January 7, Ping An Insurance Buy 31,678,000 shares of Agricultural Bank Of China Listed in Hong Kong, increasing its shareholding ratio from 4.95% to 5.05%; ② Ping An Asset Management previously disclosed that on January 3, after buying Agricultural Bank Of China Listed in Hong Kong, its shareholding ratio reached 5.03%; ③ Since last year, Ping An Insurance has been continuously 'sweeping up' H shares of major state-owned banks such as ICBC, CCB, PSBC, and Agricultural Bank Of China.
"The offshore money printer" reappears! COSCO Shipping Holdings expects its annual net profit attributable to the parent to double year-on-year | Quick read announcement.
① COSCO Shipping Holdings' container shipping business achieved growth in both volume and price compared to the previous year, with a year-on-year increase of 105.71% in Net income for 2024; ② One of the uncertainties in the shipping market for 2025, the strike at the East Coast ports of the United States, has been avoided, and freight rates on the US routes have already decreased.
Leading mining company is making acquisitions! Zangge Mining is planning a change in control, and Zijin Mining Group intends to take the lead | Summary of the announcement.
Zangge Mining announced a significant notice, planning to transfer 24.72% of its shares, directly indicating a change of control, with the buyer being the mining giant Zijin Mining Group. It is worth noting that in recent years, Zangge Mining and Zijin Mining Group have made considerable moves in the expansion of lithium resources. The change of ownership of Zangge Mining to Zijin Mining Group is just one of several acquisition cases by the latter; looking at 2024 alone, Zijin Mining Group has already undertaken four large-scale acquisitions.
Is the box office during the Spring Festival stable? Listed film companies have revealed their ace IP sequels, and the industry expects the box office to exceed last year's.
Multiple industry insiders have stated that considering the several films scheduled for release have significant scale and already have accumulated audiences, combined with the fact that the 2025 Spring Festival period lasts for 8 days, the box office during this period is expected to surpass last year's same period, breaking the record for Spring Festival box office in China.
CGN Power Co., Ltd. acquires a Nuclear Power company for 1.2 billion yuan and several Nuclear Power projects are awaiting injection | Quick reading announcement.
① CGN Power Co., Ltd. plans to acquire the controlling Shareholder Yihuo Nuclear Power Station for 1.2 billion yuan; ② Additionally, the Huizhou and Cangnan Nuclear Power projects may be injected into the company.