June 6 (NBD) - So far, share prices of 15 listed banks on the A-share market have fallen below their net asset value per share, reported the 21th Century Business Herald.

Of them, top banks and joint-stock banks make up the majority. Statistics show that share of Hua Xia Bank Co., Ltd (600015.SH) tumbled the most with P/B ratio standing at 0.71.

In order to prevent market capitalization from declining further, listed banks like Bank of Shanghai Co Ltd (601229.SH) and Bank of Jiangsu Co Ltd (600919.SH) have announced measures like having shareholders or senior managers increase stakes to stabilize stock prices. However, the results are limited.

Take Bank of Shanghai as an example, its market capitalization totaled 120 billion yuan (18.7 billion U.S. dollars) with about 60 billion yuan (9.4 billion U.S. dollars) worth of shares circulating on the market. But the new capital injection from its shareholders was only several hundred million yuan, which will be far from enough.

In other news, the lockup period of 3.835 million shares of Bank of Shanghai will expire on June 8. This will offset the company's previous efforts.

 

Email: tanyuhan@nbd.com.cn

Editor: Tan Yuhan