BANK OF CHINA(601988) 证券之星·2025-03-26 11:17Core Viewpoint - The China Bank has announced a valuation enhancement and quality improvement plan aimed at increasing operational efficiency and shareholder returns while aligning with national strategies and market demands [1][2]. Group 1: Background and Approval Process - The plan is developed in response to the China Securities Regulatory Commission's guidelines and the Shanghai Stock Exchange's initiative for quality improvement and return enhancement [2]. - The board of directors approved the plan on March 26, 2025 [2]. Group 2: Plan Overview - The plan focuses on stable operations and high-quality development, emphasizing service to national strategies and social welfare [3]. - It aims to enhance operational efficiency, value creation capabilities, and global competitiveness while ensuring effective risk management [4]. Group 3: Specific Initiatives - The bank will support national strategies and social welfare by improving financial services and promoting green finance [3]. - It will enhance operational efficiency by optimizing product services and expanding revenue sources [4]. - The bank aims to strengthen its global presence and international competitiveness through targeted regional development and improved service quality [4]. - A comprehensive risk management approach will be implemented to maintain asset quality and mitigate financial risks [4]. Group 4: Shareholder Value and Communication - The bank has maintained a high dividend payout ratio of 30% and plans to implement mid-term cash dividends starting in 2024 [5]. - It will enhance investor relations through multi-channel communication and regular performance updates [5][6]. - The bank emphasizes protecting investor rights, particularly for small investors, and aims to create long-term value [6]. Group 5: Information Disclosure and Sustainability - The bank is committed to improving information transparency and compliance in its disclosures [6]. - It will utilize various formats to enhance readability and ensure timely and accurate information dissemination [6]. - The bank will continue to adapt to regulatory changes and assess additional value management strategies [7].