南向资金今日净买入30.37亿港元。其中， 建设银行、 中芯国际分别获净买入约13.38亿港元、6.30亿港 元； 小米集团-W遭净卖出约32.52亿港元。 ...

Group 1 - Southbound funds recorded a net purchase of 30.37 billion yuan today [1] - In the Hong Kong Stock Connect (Shanghai), China Construction Bank and China Cinda received net purchases of 1.338 billion HKD and 162 million HKD respectively [1] - Xiaomi Group-W had the highest net sell amount, totaling 1.85 billion HKD [1] Group 2 - In the Hong Kong Stock Connect (Shenzhen), SMIC and BeiGene received net purchases of 473 million HKD and 209 million HKD respectively [1] - Xiaomi Group-W again had the highest net sell amount, amounting to 1.402 billion HKD [1]

Core Viewpoint - The private economy plays a crucial role in China's economic transformation and development, and the Shenzhen branch of China Construction Bank (CCB) is actively supporting its high-quality development through innovative measures and precise services [2][3]. Policy Guidance - The Chinese government has prioritized the development of the private economy, implementing various policies to enhance the business environment and stimulate vitality [3]. - CCB has aligned its strategies with national policies, launching the "Action Plan for Supporting High-Quality Development of Private Economy" to lower financing costs and provide long-term funding support for private enterprises [3][4]. Innovative Services - CCB has transformed policy initiatives into actionable support by optimizing credit policies, reducing financing costs, and innovating financial products, resulting in a significant increase in private enterprise loans, reaching nearly 600 billion yuan by May 2025, with an average interest rate reduction of nearly 20 basis points [4]. - The bank has enhanced its financial services by providing tailored solutions for liquidity management and efficient payment processes, exemplified by its comprehensive services for companies like the Yanjian Group [5][6]. Precision Financing - CCB focuses on providing personalized financing solutions based on the specific needs and development stages of enterprises, offering small loans for startups and larger financing options for growing companies [8]. - The bank has supported Yanjian Group through various financing stages, including working capital loans and project financing, facilitating its growth and technological advancements [8][9]. Deepening Cooperation - CCB's collaboration with private enterprises extends beyond financing, involving joint research, technology exchange, and market expansion, which enhances mutual trust and drives industry progress [10]. - The bank's support has contributed to the formation of industrial clusters and innovation ecosystems, positively impacting regional economic growth [10][11]. Future Outlook - CCB plans to continue optimizing credit policies, reducing financing costs, and innovating financial products to provide comprehensive services for private enterprises, while actively participating in their research and development projects [11].

Group 1 - The issuance of perpetual bonds and subordinated bonds by commercial banks has significantly increased since the second quarter, with a total issuance exceeding 800 billion yuan this year, and over 600 billion yuan in the second quarter alone, representing a quarter-on-quarter growth of 260.82% [1][2] - The average interest rates for subordinated and perpetual bonds have decreased in the second quarter, with rates of 2.25% and 2.31% respectively, compared to 2.40% and 2.44% in the first quarter, prompting banks to accelerate their issuance [2][3] - Major state-owned banks have been actively issuing these bonds, with Agricultural Bank of China issuing 600 billion yuan in subordinated bonds and other banks like Industrial and Commercial Bank of China and China Construction Bank also completing significant issuances [2][3] Group 2 - Regional small and medium-sized banks have a more urgent need for capital replenishment, with nearly 30 such banks issuing a total of 119.1 billion yuan in subordinated and perpetual bonds in the second quarter, reflecting a strong demand for capital [3][4] - The capital adequacy ratios of city commercial banks and rural commercial banks are lower than those of larger banks, necessitating the issuance of bonds to meet operational needs [3][4] - There is a noticeable regional disparity in bond issuance among small and medium-sized banks, with most activity concentrated in economically developed areas such as Jiangsu, Zhejiang, and Guangdong [4]

Core Viewpoint - The successful launch of the "Silver Insurance and Futures" project for corn in Tacheng, Xinjiang, marks the first implementation of this initiative in the region, aimed at providing comprehensive support for farmers' income through a collaborative model involving banks, insurance, and futures companies [1][2]. Group 1: Project Overview - The "Silver Insurance and Futures" project is part of the 2025 "Farmers' Income Guarantee Plan" initiated by the Dalian Commodity Exchange, focusing on the "insurance + futures" model to support farmers [1][2]. - The project has a total insured area of 30,000 acres and a project amount of 48 million yuan, with the insurance policy issued to corn farmers completed by June 22 [2]. Group 2: Operational Model - The project employs a "leading enterprise + bank + insurance + futures" model, which helps farmers secure financing and sales through forward purchase orders and income insurance [2][3]. - The model provides four layers of protection for farmers: income insurance, forward purchase contracts, credit support based on the first two protections, and secondary pricing rights after grain sales [2]. Group 3: Financial Implications - This model enhances the safety of agricultural loans for banks by providing a comprehensive risk compensation mechanism, improving the quality and efficiency of financial services [3]. - The China Construction Bank is actively promoting this model to support rural revitalization and enhance the market-based risk-sharing and compensation mechanisms for agricultural loans [3]. Group 4: Strategic Importance - Xinjiang is positioned as a key area for high-quality corn production under the national "14th Five-Year Plan," leveraging its unique resources to build a comprehensive supply chain from high-yield planting to deep processing [4]. - The successful implementation of the "Silver Insurance and Futures" project is expected to pave the way for innovative financial services and contribute to the high-quality development of rural revitalization [4].

Core Viewpoint - The integration of finance and consumption in the Guangdong province, particularly in the Greater Bay Area, is driving economic vitality and enhancing consumer experiences through innovative financial products and government subsidies [2][5][6]. Group 1: Financial Initiatives - China Construction Bank (CCB) Guangdong Branch is actively increasing consumer loan offerings and has introduced the "Yangyidai" product aimed at enhancing the financial well-being of the elderly population [5][6]. - The "Yangyidai" product has already seen over 140 million yuan in loans disbursed, serving more than 550 clients, showcasing a successful model for financial institutions to engage with the aging population [6]. - CCB is also participating in local events, such as the "Dongguan Coffee Culture Festival," to promote consumer spending through credit card discounts and special offers [5]. Group 2: Consumer Support Programs - The Guangdong provincial government has implemented a "trade-in" policy to stimulate consumption, supported by financial institutions like CCB, which offers additional discounts and financing options for consumers [8][9]. - Consumers can benefit from government subsidies and bank promotions when purchasing new electric bicycles and home appliances, significantly reducing their costs [8][9]. - CCB's "CCB Yuehuanxin" campaign is designed to enhance consumer purchasing power through targeted marketing and financial support for home appliances and furniture [11]. Group 3: Innovative Financial Strategies - CCB Guangdong Branch is developing two key ecosystems focused on new energy vehicles and home renovation financing, utilizing a "circle-chain-group" strategy to tailor financial services to specific consumer needs [12][13]. - This strategy allows CCB to provide personalized financial products, enhancing customer experience and creating competitive advantages in the consumer finance market [12][13]. - The successful implementation of this model is evidenced by individual cases where clients received quick loan approvals and favorable terms, demonstrating the effectiveness of CCB's targeted approach [13].

Group 1 - The aging population is prompting initiatives to enrich the spiritual lives of the elderly, with a focus on combining charity, finance, and culture through a new service model [1][2] - The charity trust project aims to provide long-term support for elderly art education, memory preservation, and social participation, creating a sustainable elderly care public welfare ecosystem [2][3] - The project "Jianxin Trust - Anxin Shanyang - Shanghai Lingang Elderly Charity Trust" was officially launched with a donation of 1 million RMB, integrating elderly care with art to enhance the quality of life for seniors [2][3] Group 2 - The Shanghai branch of the Construction Bank is positioned as a pioneer in elderly financial services, aligning with the bank's "1314" development strategy to address elderly charity issues [3] - The bank has established connections with local elderly charity needs and aims to facilitate corporate social value realization through the charity trust project [3] - The bank plans to continue increasing its investment and support for charity trust projects, particularly those related to elderly care and art, to fulfill its social responsibility [3]

Group 1 - The Hang Seng Index fell by 0.61% on June 26, with southbound trading totaling HKD 167.21 billion, including HKD 86.25 billion in buying and HKD 80.96 billion in selling, resulting in a net buying amount of HKD 5.29 billion [1] - The southbound trading through the Shenzhen Stock Connect amounted to HKD 52.41 billion, with net buying of HKD 2.04 billion, while the Shanghai Stock Connect saw a total of HKD 114.80 billion with net buying of HKD 3.24 billion [1] - Among the actively traded stocks, Guotai Junan International had the highest trading volume at HKD 31.72 billion, followed by Hong Kong Travel and China Everbright Holdings with HKD 8.89 billion and HKD 5.91 billion respectively [1] Group 2 - Semiconductor Manufacturing International Corporation (SMIC) recorded a net buying amount of HKD 8.96 billion, with a closing price increase of 1.02% [2] - China Construction Bank and Xinda Biopharmaceuticals also saw significant net buying amounts of HKD 5.82 billion and HKD 6.75 billion respectively, while Tencent Holdings experienced the highest net selling of HKD 5.71 billion, despite a slight price increase of 0.10% [2] - A total of 7 stocks, including SMIC and Hong Kong Travel, were active in both the Shenzhen and Shanghai Stock Connects, with SMIC's total trading amount reaching HKD 4.63 billion and a net buying of HKD 8.96 billion [2]

Core Insights - On June 26, several stocks including China Everbright Holdings, Hong Kong Travel, Ocean Park, and Rongchang Biopharmaceutical made their debut on the active trading list of Hong Kong Stock Connect, marking their first appearance in the past month [1][2] - The total trading volume of active stocks on June 26 reached 752.26 billion HKD, accounting for 44.99% of the total trading amount for the day, with a net buying amount of 37.13 billion HKD [1][2] Trading Activity Summary - China Everbright Holdings had a trading volume of 59.07 billion HKD with a net buying of 0.94 billion HKD, closing up by 6.19% [2] - Hong Kong Travel recorded a trading volume of 88.87 billion HKD and a net buying of 5.30 billion HKD, closing up by 85.98% [2] - Ocean Park had a trading volume of 16.72 billion HKD with a net buying of 0.23 billion HKD, closing up by 11.27% [2] - Rongchang Biopharmaceutical saw a trading volume of 12.64 billion HKD with a net buying of 1.13 billion HKD, but closed down by 11.71% [2] Most Active Stocks - The most active stock by trading volume was Guotai Junan International, with a trading amount of 317.23 billion HKD [1][2] - Alibaba and Tencent Holdings were the most frequently listed stocks in the past month, each appearing 22 times on the active trading list [1][2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 三、關於選舉董事會風險管理委員會主席的議案 中國建設銀行股份有限公司（「本行」）董事會會議（「本次會議」）於2025年6月26日在 北京和香港兩地以現場會議方式召開。本行於2025年6月13日以書面形式發出本次 會議通知。本次會議由張金良董事長主持，應出席董事14名，實際親自出席董事14 名。本次會議的召開符合《中華人民共和國公司法》《中國建設銀行股份有限公司章 程》等規定。 本次會議審議通過如下議案： 一、關於雄安金融科創中心新建項目的議案 表決情況：同意14票，反對0票，棄權0票。 二、關於修訂《中國建設銀行內部交易管理辦法》相關安排的議案 - 1 - 00939 董事會會議決議公告 （2025年6月26日） 表決情況：同意14票，反對0票，棄權0票。 梁錦松先生對本項議案迴避表決。 特此公告。 中國建設銀行股份有限公司 董事會 2025年6月26日 於本公告日期，本行的執行董事為張金良先生、張毅先 ...