Greater China Banks Daily: CSRCB has seen a wave of stake increases by state-owned investors; NFRA set rules for financial-sector credit defaulter list

Research evidence excerpt

Greater China Banks Daily: CSRCB has seen a wave of stake increases by state-owned investors; NFRA set rules for financial-sector credit defaulter list

Global Research

13 July 2026ab

Greater China Banks Daily Equities

ChinaCSRCB has seen a wave of stake increases by

state-owned investors; NFRA set rules for Banks

financial-sector credit defaulter list MayAnalystYan

may.yan@ubs.com

+852-2971 7157

CSRCB has seen a wave of stake increases by state-owned investors Alex Ye

Analyst

China Securities Journal, July 10: Two Changshu municipal SOEs recently bought more S1460522090005

than 30mn shares in total, while provincial SOE capital and insurers have also been alex.ye@ubs.com

building exposure. Changshu Investment Holding Group added 14.58mn shares from +86 755 2215 8858

23 June to 2 July, lifting its stake by 0.40ppt from end-March to 4.38%. Jiangsu

Catherine Yang, CFA

Jiangnan Commercial Group bought 17.13mn shares from 9 June to 30 June, raising its Analyst

stake by 0.47ppt to 3.84%. Separately, Jiangsu Cable, a provincial SOE-listed company, S1460526010003

first planned to buy up to 3.5% of CSRCB for up to RMB900mn in May, then raised the catherine-za.yang@ubs.com

cap to 4.5% and the investment limit to RMB1.2bn within a month. +86-755-2215 8860

Helen Li, CFA

NFRA set rules for financial-sector credit defaulter list Analyst

The Paper, July 10: The NFRA issued trial rules on July 10 to standardize the management helen-za.li@ubs.com

of serious credit-defaulter lists in the financial sector, effective on October 1, 2026. The +852-2971 6066

rules specify three main inclusion scenarios, covering severe administrative penalties,

serious misconduct such as fraudulently obtaining licenses or engaging in illegal