A share of major banks, insurance companies 2010 Annual report has been disclosed, corporate shareholders in the four quarter of last year, the reduction of financial stocks showed signs. China Life, Ping An, ICBC, Bank of Communications, Societe Generale and other shares were reduced to varying degrees by legal shareholders, of which, China's ping An "staff" has 118 million shares, accounting for about 14% of the total number of employees. Staff share price of nearly 30 times times the annual report shows that China Ping An last year four quarter by Linzhi Industrial Development Co., Ltd., Linzhi New Hao Investment Development Co., Ltd. and deep Industry Group Co., Ltd. three corporate shareholders total reduction of 146 million shares, accounting for its a-share total capital 3%. If according to last year four in China Ping an not less than 52 yuan of stock price rough calculation, this part of the total reduction of more than 7.6 billion yuan. It is understood that Ping an internal employees of the stock subscription batches, the last batch of employees subscribed in 1997, 1998, but the vast majority of staff holding cost is very low, about 1.76 yuan/share. If the share price is not less than 52 yuan, this part of the stock has doubled nearly 30 times times. Three corporate shareholders, Linzhi and Linzhi New Hao is the peace of the two major employee shareholding platform, the cumulative selling up to 118 million shares, according to the above price calculation, the amount of over 6 billion. The reporter found that from March 1 last year began the lifting of the 860 million ping an employees unit, the fourth quarter of last year began to have employees, this part of the reduction of 860 million shares of less than 14%. China Ping An released last year promised to release the pledge is: the staff will be gradually reduced in the next 5 years, the annual reduction of shares will not exceed the total stake of 30%. Top executives have no moves. Ping An was the pilot unit of the Shenzhen Special Economic Zone in the early 90 to carry out employee shareholding. Neuhau, Jing ao industry is Ping an employees fund company. In addition, more than 10 senior executives of the executive shareholding platform, "Jiangnan industrial" is also the focus of attention outside. However, the annual report shows that the 139 million shares held by Jiangnan industry has not moved, and currently three companies still hold 741 million shares of Ping an. Employee shareholding platform Change registration according to the lifting of the ban on China Ping-an announced last year, the employees ' unit needs to entrust a proxy company to sell in the two-tier market and reduce it by a large amount. As an independent legal person, when the new Hao and Jing-ao industrial gain reduction, if in accordance with the Shenzhen tax policy to pay corporate income tax, the income distribution to the rights holders, but also the withholding of personal income tax. The corporate income tax rate in 2010 was 22%, 2011 was 24%, 2012 years later 25%, and the individual income tax rate was 20%. If both taxes are to be paid, the cost of reducing the shareholder's share will increase by more than 40% of the tax. Last October, Ping An employees issued a reduction notice, Shenzhen new Hao when and Shenzhen, the king is renamed as Linzhi and Linzhi New Hao, registered also moved from Shenzhen to Tibet Linzhi Bio-technology Industrial Park building Room 305. According to the tax preferential policy of Tibet, the newly-established enterprises which are engaged in consulting industry have been in business since the opening date,Exempt from Enterprise income tax 2 years. This means that from Shenzhen to relocate to Tibet's new Hao when and AO industry in two years, the employee unit, without paying enterprise income tax, just pay 20% of the personal income tax. Newspaper reporter Yinjie related last year the financial unit was a large number of corporate shareholders to reduce the analysis said the funds face tight situation, the incorporation of corporate shareholders is becoming an important channel to obtain funds with the domestic major listed banks and insurance companies to achieve full circulation of shares, more and more banks and insurance stocks began to be low-cost investment in corporate shareholders reduction. In addition to China's peace, the Bank of Communications, Societe Generale, ICBC and other three banks were also a large-scale reduction of corporate shareholders last year. ICBC by the fifth largest shareholder reduction report shows that China life by the Chinese investment guarantee company to reduce, but small, only 400,000 shares. After the reduction, China Investment guarantee company still holds 29.2 million shares of Chinese longevity, is its fourth largest shareholder. Excluding two insurance companies, Bank of Communications, Societe Generale, ICBC and other three banks were also reduced by legal shareholders. One of the bank of communications by the Shanghai Sea Tobacco Investment Management Co., Ltd. and Sinopec Financial limited liability company to reduce the 100 million shares and 4.5589 million shares, the two corporate shareholders have long been the sixth largest and eighth largest shareholder of the Bank of communications. Societe Generale also suffered from the corporate shareholders Cofco Group Co., Ltd. and Inner Mongolia West Water Venture Co., Ltd. to reduce the scale of 9.55 million shares and 2.2257 million shares, the latter is currently a-share listed companies. ICBC was reduced by 21.6346 million shares by China Huarong Asset Management company in the four quarter of last year, but after the reduction of Huarong Asset management company is still ranked in Central Huijin company, Treasury, Goldman Sachs Group, American Express after ICBC's fifth-largest a-share shareholder. Market participants believe that, in the case of tight market funds, the different types of corporate shareholders through the reduction of large financial institutions shares, as well as some of the listed companies as corporate shareholders to reduce the number of employees holding companies, has become an important channel to obtain funds. The withdrawal of the fund from the bank shares in the disclosure of the report of the bank shares, from the second half of last year, the Fund also began to significantly reduce bank shares, especially in the fourth quarter of last year, the most ferocious reduction. The most obvious is to count Minsheng Bank. Last year at the end of the two quarter, a total of 194 funds held 3.84 billion Minsheng Bank, accounting for the proportion of the circulation of 20.4%. But by the end of last year, the number of funds holding the unit had fallen to 96, with the number of shares reduced to 3.14 billion shares, to 13.92% per cent of the shares. By the end of last year, almost all of the fund "getaway", leaving only 5 funds waiting in the loneliness, holding the number of shares quickly fell to 64.7 million shares, accounting for the proportion of shares only 0.29%. Other banks that have published annual reports, such as Huaxia Bank, deep development A, construction bank and Bank of China, were similarly slashed in the four quarter last year. Market participants pointed out that the fund in the second half of last year's substantial reduction of bank stocks, mainly in the regulatory policy continued, monetary policy tightening expected to strengthen the backgroundA safe haven operation.
The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion;
products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the
content of the page makes you feel confusing, please write us an email, we will handle the problem
within 5 days after receiving your email.
If you find any instances of plagiarism from the community, please send an email to:
info-contact@alibabacloud.com
and provide relevant evidence. A staff member will contact you within 5 working days.