China Merchants Bank (03968.HK) fell today along with the market, currently reported at HKD 44.46, down 2.8%. The company secretary Peng Jiawen stated that he believes shareholders are not satisfied with the current stock price of the bank, but there are many factors affecting the stock price, and the bank will focus on its own operations.

He also mentioned that the bank attaches great importance to market value management, has established a dedicated team, and holds regular analysis meetings. The market value management work is divided into three levels, including value creation, value discovery, and value operation, among which value operation includes enhancing the company's market value through tools such as dividends and buybacks.

Regarding Ping An Insurance (02318.HK) continuously increasing its holdings in China Merchants Bank in recent years, Peng Jiawen stated that the company has communicated with Ping An and appreciates Ping An's trust in the bank, believing that the increase in holdings reflects confidence in the bank's management. Ping An hopes to achieve better investment returns through high dividend payouts