Core Insights - The banking sector is undergoing a significant structural transformation in physical branch networks due to the rise of fintech and increasing industry competition [1][2] - In 2025, over 11,000 bank branches were approved for closure, while more than 8,400 new branches were established, indicating a shift from "scale expansion" to "value enhancement" [1][4] Group 1: Branch Closures - The trend of branch closures has intensified, with over 11,000 branches permitted to cease operations in 2025, a significant increase from 2,483 in 2024 [2][3] - Nearly 8,000 of the closed branches were commercial bank branches, marking a record high for branch closures in recent years [2][3] - The closures are primarily driven by the deep penetration of digital transformation and the need for banks to adapt their operational strategies [2][3] Group 2: New Branch Openings - In 2025, a total of 8,548 new bank branches were established, surpassing the number of branches that closed [4][5] - The focus has shifted towards optimizing branch locations, particularly in rural and county areas, aligning with national strategies for rural revitalization and inclusive finance [4][5] Group 3: Efficiency and Value Creation - The restructuring of bank branches aims to enhance operational efficiency and reduce costs by closing underperforming branches [3][6] - Banks are increasingly positioning physical branches as complementary to online channels, emphasizing the need for integration and resource consolidation [6] - Many banks are developing specialized branches focusing on technology, green finance, and other targeted services to improve service capabilities [6]

Core Viewpoint - The banking industry is undergoing a significant digital transformation driven by the integration of artificial intelligence (AI) technology, which is reshaping financial services and enhancing operational efficiency [1][2]. Group 1: Digital Transformation and AI Integration - AI technology is penetrating the financial sector at an unprecedented speed and depth, fundamentally reshaping the operational logic and development paradigms of finance [2]. - By 2026, banking institutions are expected to strengthen their AI capabilities, expand application scenarios, and shift their thinking to embrace digital transformation [2]. - The integration of AI in finance is seen as both a technological and developmental challenge, presenting opportunities for efficiency and resilience while also introducing new uncertainties and risks [2][5]. Group 2: AI as a Driving Force for Change - AI is becoming a key engine for transformation in the banking sector, fundamentally changing the value creation logic within financial services [4]. - Banks are focusing on collaborative labor between employees and AI to enhance productivity and respond quickly to market demands through agile innovation mechanisms [4]. Group 3: Risk Management and Governance - Establishing a comprehensive AI risk prevention system is essential for the stable development of the banking industry, requiring effective governance throughout the AI lifecycle [6]. - Effective AI risk management must be integrated into the strategic, cultural, and organizational frameworks of banking institutions [6]. Group 4: Empowering High-Quality Business Development - The ultimate goal of digital transformation in banking is to translate technological capabilities into tangible benefits for the real economy [7]. - Banks are leveraging data and AI to cultivate new productive forces, enhancing core business areas such as credit, marketing, and risk management to achieve high-quality development [7]. - The future of digital transformation in banking will focus on converting technology into real customer and commercial value [7].

眼下，银行财富管理市场正迎来深刻的格局重塑。从大型国有银行到区域性中小银行，各类机构纷 纷聚焦核心能力建设，在产品创新、服务升级、科技赋能的赛道上展开差异化竞争。 近日，浦发银行、中信银行、兴业银行等部分A股上市银行相继披露2025年业绩快报，从快报数据 可以看到，部分银行中间业务收入贡献进一步凸显。此外，随着2025年财富管理市场明显升温，不少银 行开始整合财富管理部门，加速推进战略升级。 多家银行推动财富管理架构变革 中信金控发布的报告显示，截至2025年6月末，我国居民可投资资产总量已超过300万亿元，而同期 全国资产管理总规模约为170万亿元。数据对比表明，居民财富管理需求的挖掘与释放具备较大潜力， 行业发展空间广阔。 "总体而言，2025年我国上市银行中间业务收入呈现出明显的回暖态势。银行中间业务增长引擎主 要是财富管理与投行驱动增长，与资本市场回暖带动的代理业务（理财、基金、黄金）和投行业务密切 相关。中间业务增速提高及占比提升，是当前低利率与净息差收窄环境下，银行业转型发展最直观的成 果。"上海金融与发展实验室副主任、招联首席研究员董希淼在接受《金融时报》记者采访时表示。 值得关注的是，2025 ...

1月26日，上海期货交易所(以下简称"上期所")再次调整白银、锡和铜等期货品种相关合约交易限额、保证金比例和涨跌停板幅度，且对部分客户采取限 制开仓等监管措施。 锡期货SN2602、SN2603、SN2604、SN2605、SN2606、SN2607、SN2608、SN2609、SN2610、SN2611、SN2612、SN2701合约的日内开仓交易的最大数 量为200手。 实际控制关系账户组日内开仓交易的最大数量按照单个客户执行。套期保值交易和做市交易的开仓数量不受此限制。 值得注意的是，这已是去年12月以来，上期所连续第四次收紧白银期货交易限额。此前最新一次交易限额收紧是在今年1月16日，根据当天通知，白银期 货AG2602、AG2603、AG2604、AG2605、AG2606、AG2607、AG2608、AG2609、AG2610、AG2611、AG2612、AG2701合约的日内开仓交易的最大数 量为3000手。 1月26日，沪银日内最高冲至28226元/千克，涨幅一度超14%，再创历史新高。截至1月26日收盘，沪银主力合约涨12.78%。 铜、铝期货提保、扩板 1月26日，上期所还调整了铜等期货相 ...

据了解，此次拍卖源于广西平铝集团涉及的一桩合同纠纷案，因需清偿3.55亿元债务，其持有的北部湾 财险股权被列为执行标的。2025年年底，广西壮族自治区南宁市中级人民法院已对该股权组织过首次拍 卖，最终因无人问津流拍。目前，这部分6%的股权仍全部处于质押状态，若后续拍卖成交，广西平铝 集团将彻底退出北部湾财险股东行列。但记者注意到，本次于1月23日10点结束的二次拍卖，全程无投 资者报名。 类似事件并不少见，2025年保险行业股权转让案例超50宗，总金额超50亿元，多数司法拍卖即便多次下 调评估价、降低参与门槛，仍难以达成交易。例如，2018年以来，安诚财险多家股东转让所持部分或全 部股权，却屡遭流拍，有的甚至打7折仍难觅接盘方。幸福人寿3笔合计4.66亿股股权于2022年12月首次 流拍，2023年3月以评估价8折、合计3.14亿元二次拍卖，依旧无人竞价；股东拟清仓的16.59亿股股权， 也因市场冷淡而停滞。民生人寿自2020年以来已有17次股权挂牌记录，均以流拍收场。 股权流动性匮乏正成为中小险企发展路上的"拦路虎"，司法拍卖市场的冷淡表现尤为直观。记者从阿里 拍卖平台获悉，1月23日，广西平铝集团所持北部 ...

Group 1: Consumer Trends - The Chinese consumer market is expected to show new highlights by 2025, driven by targeted policies [8] - Home appliance consumption is shifting from "basic needs" to "smart experiences," with sales of refrigerators, kitchen appliances, and communication devices increasing by 17.4%, 12.9%, and 18.6% respectively [1] - The sales of new energy passenger vehicles are projected to grow by 24.3% in volume and 21.1% in revenue by 2025 [1] Group 2: Entertainment and Travel - Immersive and scenario-based performances are gaining popularity, with sales in arts and performances expected to rise by 17.3% [2] - Travel-related services, including travel agencies and scenic spots, are anticipated to see sales growth of 11.2% and 26.1% respectively [2] Group 3: Digital and Online Services - Internet life service platforms and food delivery services are projected to grow by 9.4% and 13.3% respectively, indicating a robust expansion in online consumption [3] - Digital cultural services, including gaming and animation, are expected to see a sales increase of 16.6% [3] Group 4: Sports and Events - The sports economy, exemplified by events like "Su Super" and "Zhe BA," is emerging as a new engine for consumption, with sports exhibition services and consulting services expected to grow by 12.2% and 27.8% respectively [4] Group 5: Health and Wellness - Health management and wellness services are becoming new consumption hotspots, with sales in health consulting, wellness services, and sports health services expected to grow by 11.7%, 12%, and 16.5% respectively [5] Group 6: Aging Population - The increasing population of the elderly is driving demand for senior care services, with sales in elderly care, social assistance, and nursing home services projected to grow by 24.9%, 23.1%, and 15.4% respectively [6] Group 7: Inbound Tourism and Shopping - Measures to enhance the inbound shopping experience are expected to significantly boost consumption, with the number of foreign travelers benefiting from tax refunds increasing by 305% and sales of tax-refunded goods rising by 95.9% [7] - The number of tax refund stores has reached 12,930, with over 7,000 offering "buy and refund" services [7]

Core Viewpoint - China Construction Bank's Beijing Economic and Technological Development Zone branch has tailored a comprehensive financial service plan for Beijing Liangliang Vision Technology Co., Ltd., which is characterized by "technology-intensive, high R&D investment, and light asset operation" [1] Group 1 - The bank has provided several million yuan in equity and debt financing to support Liangliang Vision's development in optical display, AI translation algorithms, and overseas market promotion [1]

Core Viewpoint - The China Securities Regulatory Commission has released the "Guidelines for Performance Benchmarking of Publicly Raised Securities Investment Funds," effective from March 1, 2026, marking a new phase of systematic and standardized benchmark management in the public fund industry, aimed at addressing issues like "style drift" and enhancing product transparency and investment discipline [1][3]. Group 1: Guidelines and Framework - The guidelines establish a comprehensive framework covering the selection, change, and disclosure of performance benchmarks, as well as internal controls and external constraints [4]. - The guidelines emphasize the serious and stable application of performance benchmarks, ensuring they reflect product positioning and investment style, and are aligned with investment strategies and risk-return characteristics [4][5]. Group 2: Impact on Investment Behavior - The introduction of these guidelines is expected to prevent the long-criticized phenomenon of style drift in public funds, thereby enhancing investment stability and protecting investors' rights [2][3]. - Fund managers are required to establish a comprehensive internal control mechanism for performance benchmarks, with management responsible for decision-making and compliance oversight [5]. Group 3: Link to Compensation and Performance Evaluation - The guidelines link performance benchmarks to fund manager compensation, encouraging a focus on long-term returns for investors [6]. - Fund evaluation mechanisms are being regulated to ensure that performance benchmarks are used as a key criterion for assessing fund management, promoting a more scientific and objective evaluation of investment performance [6].

国际现货黄金价格延续强劲走势，再度刷新历史新高。 《金融时报》记者注意到，1月19日以来，伦敦现货黄金已持续六个交易日呈现上涨趋势，并突破5000 美元/盎司大关，伦敦现货黄金价格一度涨至5085美元/盎司，年内涨幅超17%。截至1月26日10时20分， 现货黄金每盎司报5075.07美元。 积存金价格也同步走高，创下年内新高。截至1月26日10时40分，部分银行积存金实时交易价格突破 1140元/克。 国内实物黄金金饰报价随国际金价走势同步调涨。周生生、周六福、周大福、老庙、潮宏基 （002345）、老凤祥、谢瑞麟等黄金珠宝品牌均已更新售价。截至1月26日9时54分，各品牌足金饰品报 价集体走高，价格在1570元/克—1580元/克。 对于未来走势，鲁政委认为，美国债务周期近尾声、美元本位币地位下降、新旧技术交替以及劳动生产 率低迷等都可能使黄金投资价值上升。 "从短期看，市场情绪和地缘局势变化仍将主要影响黄金价格，波动将可能非常大，大概率会出现技术 性回调。美联储新主席人选、地缘政治事件、美欧贸易关系等是近期关键观察点。从长期看，支撑国际 金价的结构性因素并没有消失。只要全球对美元信用体系的担忧不消除，黄 ...

金融是"国之大者"，关系中国式现代化建设全局。习近平同志高度重视金融工作，在福建工作期间就对 金融领域一系列重大命题进行深入研究、长远规划和实践探索，将金融发展与人民福祉紧密相连，充分 发挥金融在社会发展中的作用，遵循了历史唯物主义关于人民是历史创造者的观点，体现了对生产力与 生产关系辩证统一的精准运用，对新时代中国特色金融发展具有深远的指导意义。 习近平同志在闽金融重要论述与实践的理论逻辑浅析 深耕实践沃土，以习近平同志在闽金融论述与实践引领漳州金融高质量发展 （一）创新金融举措，推动两岸融合发展迈出更大步伐。漳州是台胞主要祖籍地和台商投资集中区，已 形成了漳州台商投资区、古雷石化基地、南靖闽台精密机械产业园等对台产业合作载体。近年来，漳州 市依托海峡两岸融合发展示范区建设契机，着力构建台企登陆"金融桥"，创新推出了"台农贷、台商创 业贷、台商兴业贷、台享贷"等一系列惠台产品，全市累计颁发台企台胞金融信用证书429本，台资企业 表内外融资余额141.23亿元，办理台资企业外汇收支便利化业务近12亿美元，为建设台胞台企登陆第一 家园添"金"增彩。 （二）践行金融使命，支持实体经济高质量发展取得更大进步。服务实 ...