Bank of Changsha Co Ltd

China's central bank has added 8 banks to the digital yuan network, bringing the total number of e-CNY service providers to 30. The newly added banks include Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha, and Guangxi Beibu Gulf Bank, according to a Xinhua News Agency report. These banks will connect to the People's Bank of China's digital yuan system and begin providing services after completing operational and technical preparations. This network expansion follows the addition of 12 financial institutions in April, when previously only 10 banks had been approved as operators, with Industrial Bank being the latest to join in 2022.

Your-A Shares recently received a cash dividend of 52.59 million yuan from its investee Bank of Changsha. The company holds 229 million shares of Bank of Changsha, and this dividend is based on the profit distribution plan approved at the bank's 2025 annual shareholders' meeting. Your-A Shares achieved revenue of 208 million yuan in the first quarter of 2026, with net profit attributable to the parent company of 42.39 million yuan.

Bank of Changsha will carry out equity registration on July 17, 2026, distributing a cash dividend of 0.23 yuan per share, including tax. The ex-dividend and ex-rights date is July 20. The bank is a constituent of the Dividend Low Volatility Index, which selects 50 securities with consecutive dividends, high dividend yields, and low volatility. As of July 16, the index's dividend yield over the past year stood at 5.03 percent. The ChinaAMC Dividend Low Volatility ETF, which tracks this index, has the lowest comprehensive fee rate, evaluates dividends quarterly, and offers both Class A and Class C feeder funds.

Bank of Changsha has received approval to issue ordinary financial bonds in the national interbank market and overseas markets, with a quota of up to 9 billion yuan. The bank recently obtained an administrative licensing decision from the People's Bank of China, with the license valid until June 30, 2027. By the end of the validity period, the new balance of ordinary financial bonds shall not exceed 9 billion yuan, and the total balance of ordinary financial bonds shall not exceed 55 billion yuan. The bank may independently choose the timing of issuance in tranches within the validity period.