Shi Yuzhu and Shozan hold the People's livelihood war

Xiao Qing Guangzhou reported the price of the bank's stock market downturn triggered by the dispute, the war has been ignited.　　August 25, Shanghai Health Special Shi Yuzhu and China Life around Minsheng Bank (600016.SH) A dark war sparked a collective outbreak of listed banks. Shi Yuzhu, Chou Rob raise the livelihood of the financial sector on the day of the attack, become the Shanghai and Shenzhen major plate of the first increase, the whole day rose as high as 5.33%.　　Among them, Huaxia Bank and Minsheng Bank rose 7.2% and 6.47% respectively. August 24, Shi Yuzhu in a issued to delete the micro-blog wrote: "Please Chinese longevity, do not be eyeing the holding of Minsheng Bank." China's only major privately owned bank (more than 2 trillion of its total assets) should not regress to state-owned banks. To the private sector a small sky bar. The Minsheng bank, which loses its private mechanism, will lose its core competitiveness and bid farewell to rapid growth.　　Liu Jiade, vice president of China Life, said at the 2011 news conference that China longevity is still bullish on bank shares and intends to increase its interest in Minsheng banking.　　In fact, before China Life Express overweight intention, Shi Yuzhu has already increased the Minsheng bank. This year from March to July, Shi Yuzhu cost more than 3.8 billion yuan, 42 times to increase the Minsheng bank.　　According to the HKEx information disclosure, as of July 15, the giant's Shanghai health-owned Minsheng bank shares have been increased from 147 million to 800 million shares at the beginning of the year, the proportion of shares from 0.65% to 3.54%, the increase in the price of more than 5.7~5.9 yuan. At present, the overall P/E ratio and the market net rate of listed banks have reached a record low. The listed bank 2011/2012 years PE is 7.02 times times/5.51 times times respectively, 2011 PB is 1.28 times times.　　Among them, the state-owned enterprises, joint-stock banks, City firms 2011/2012 years of PE respectively 6.4/5.2 times times, 7.2/5.5 times times and 7.5/5.9 times times, 2011 PB respectively 1.29 times times, 1.26 times times and 1.32 times times.　　The fund retreated to the capital of the assets of the big crocodile favored the bank shares is very different, this reporter noted that in some of the fund as a representative of institutional investors, the listed banks have become "chicken ribs." Day congenial statistics show that by the end of the two quarter of 2011, the fund company held the financial, insurance (Securities and Futures Commission industry Classification) market value amounted to 228.512 billion yuan, the financial and insurance market capitalisation accounted for a share of the circulation market value of the proportion of 21.38%, Fell 0.44% from the end of the first quarter of 2011; the fund held 14.49% of the total market value of the financial and insurance companies, up 0.56% from the end of the first quarter.　　From the 2011 two quarter of the fund's low ratio, the financial, insurance industry as a low proportion of the mining industry after the second highest sector, the low proportion of 6.89%. At the end of the two quarter of 2011, only 4 of the bank shares held by 16 fund warehouses were overweight and the remaining 12 were reduced. Among them, the fund shareholding occupies the circulationThe biggest decline in the share ratio was Everbright Bank and Huaxia Bank, which fell 5.32% and 3.81% respectively. The typical phenomenon is that Star fund manager Wang Yawei and Shi Yuzhu opposite. According to relevant information, Wang Yawei began to lighten bank shares in the first quarter of 2011. Huaxia Market and the Chinese strategy of the top ten warehouse stocks are only left the bank of communications.　　2011 years, the Chinese market and China strategy of the top ten warehouse stocks have not seen the bank stocks.　　And insurance funds are favored by bank stocks.　　China Life August 24 revealed that in its top ten available financial assets, Minsheng Bank (A+H), Construction Bank (A+H), Merchants Bank, ABC and ICBC and other banking stocks accounted for the largest proportion.　　In the same camp as Guo Shou, insurance funds have also been increasing their holdings of banks. China Construction Bank in the newspaper showed that the Chinese ping an overweight. At the end of the first quarter, China Ping ' an Life Insurance Co., Ltd.-Traditional-general insurance products hold 1.325 billion shares of CCB, accounting for 0.53% of total equity; At the end of the second quarter, China Ping ' an Life Insurance Co., Ltd.-Traditional-general insurance products and new high interest rate policy products total shareholding ratio of　　Higher than the end of the first quarter shareholding ratio. And ICBC's report also showed that China Ping an Life Insurance Co., Ltd.-Traditional-general insurance products overweight 730 million shares.　　Chinese Bank of China reported that the People's Property Insurance Co., Ltd.-Traditional-general insurance products -008c-ct001 Shanghai overweight 145 million shares. In addition to insurance funds, some industrial capital also to the bank of overweight.　　For example, Youngor increased the 41.3509 million shares of the Pudong FA bank.　　"The lowest valuation in history" for the current valuation of the bank shares, Liu Tak in the 2011-year report on the results of a blunt, bank shares have become relatively reasonable valuation level, the value of investment began to appear. This July 14, the Shi Yuzhu in the completion of the Minsheng bank again overweight, sitting on the sixth largest shareholder, said on Sina Weibo: "We increase the people's livelihood, not speculative trading, is a long-term strategic investment." We are concerned about 35 years after the people's livelihood of PE and PB.　　"But not everyone holds that view. Yiu Yinan, a congenial analyst, says the bank's low valuations come from its relatively low level of capital, which is equivalent to a bank's transfer of profits to the real economy.　　In the short term, real lending rates are less difficult to shift, and bank-share undervaluation will continue. Hu Yu, a strategy analyst at Hua Lin, argues that the banking low price/earnings ratio looks safe but has a huge "trap".　　Even if the bank's assets are now carrying a substantial profit, as long as the asset bubble drops 20% to 30%, the bank's balance sheet may snap to a negative value by allocating huge write-downs. As of August 25, 16 listed banks, including Everbright Bank, Huaxia Bank, Pudong Development Bank, Minsheng Bank, Shenzhen, Bank of Communications, Construction Bank, Societe Generale, Nanjing Bank and Bank of China, ICBC and ABC 12 listed banks have published 2011.5 annual reports. This year's interim results show that, during the reporting period, 12 listed banks to achieve the ownership of the parent company's owner net profit of 9.21 billion yuan, 4.267 billion yuan, 12.88 billion yuan, 13.918 billion yuan, 4.732 billion yuan, 26.396 billion yuan, 92.825 billion yuan, 12.232 billion yuan, 1.589 billion yuan, 665.13,1094.81 and 66.679 billion yuan.