Group 1 - The State Intellectual Property Office of China has granted a patent for a "short link generation method, device, electronic equipment, and storage medium" to China Construction Bank Corporation and Jianxin Financial Technology Co., Ltd. The patent authorization announcement number is CN115544401B, with an application date of September 2022 [1] - China Construction Bank Corporation, established in 2004 and located in Beijing, primarily engages in monetary financial services. The company has a registered capital of 26,160,038.1459 thousand RMB. It has invested in 36 enterprises, participated in 5,000 bidding projects, and holds 1,897 trademark records and 5,000 patent records, along with 149 administrative licenses [1] - Jianxin Financial Technology Co., Ltd., founded in 2018 and based in Shanghai, focuses on software and information technology services. The company has a registered capital of 172,972.9729 thousand RMB. It has invested in 6 enterprises, participated in 4,248 bidding projects, and possesses 297 trademark records and 5,000 patent records, in addition to 10 administrative licenses [1]

Core Viewpoint - China Construction Bank and Airwallex have launched a new personal cross-border remittance service called "Full Amount Arrival," aimed at reducing costs and improving convenience in traditional bank remittances [1][2]. Group 1: Service Features - The "Full Amount Arrival" service addresses long-standing pain points in personal cross-border remittances, such as complicated processes, lack of transparency, long transaction times, and unclear fee structures [1]. - The service integrates both companies' strengths in funding networks, compliance licenses, and localized settlement, significantly optimizing transaction paths and processing efficiency [1]. - The service currently supports eight major currencies and covers dozens of countries and regions, catering to diverse scenarios such as studying abroad and travel [1]. Group 2: Strategic Collaboration - Airwallex's Chief Revenue Officer stated that the company will continue to collaborate with domestic and international financial institutions to enhance cross-border payment experiences and expand service scenarios [2]. - China Construction Bank is focusing on technology empowerment as part of its "New Finance" strategy, continuously improving its cross-border financial service capabilities and customer experience [2]. - The partnership with Airwallex is crucial for China Construction Bank in the cross-border payment sector, leveraging Airwallex's extensive global funding network and technological expertise [2].

Core Viewpoint - The banking sector in A-shares is expected to perform well in 2026, driven by stable fundamentals and increased dividend attractiveness, despite a less impressive performance in 2025 compared to previous years [4][9][10]. Group 1: Annual Report Disclosure - Ping An Bank will be the first to disclose its annual report on March 21, followed by CITIC Bank on the same day [1]. - A total of 10 banks will disclose their 2025 annual reports on March 31, marking the highest number of disclosures on a single day [3]. - The total market capitalization of 42 A-share banks exceeded 15 trillion yuan, increasing by approximately 2.1 trillion yuan from the end of 2024 [2][3]. Group 2: Market Performance - The banking sector index rose by 12.05% in 2025, underperforming the CSI 300 index, which increased by 17.66% [3]. - Among the 42 banks, 35 experienced stock price increases, with Agricultural Bank of China leading at a 52.66% rise [3]. - The overall market sentiment towards bank annual reports is positive, with expectations of continued growth in 2026 [4][9]. Group 3: Investment Drivers - The strong performance of the banking sector in 2025 was supported by both funding and fundamental factors, including inflows from passive index funds and insurance [4]. - Significant shareholder buybacks have also contributed to the rise in bank stocks, with 523 companies increasing their holdings, totaling 939.6 billion yuan [6]. - Analysts predict that the demand for high-dividend stocks will remain strong, particularly for state-owned banks known for stable returns [10]. Group 4: Future Outlook - Analysts expect the banking sector to maintain stable performance in 2026, supported by a recovering real economy and high dividend yields [9]. - The issuance of ETFs linked to broad indices and dividend indices is expected to continue, attracting more passive fund inflows into the banking sector [9]. - The differentiation in performance among various banks is anticipated to become a key theme, with larger banks likely to see more consistent revenue growth compared to smaller banks [10]. Group 5: Seasonal Trends - Historical data shows that the banking sector has a high success rate for absolute and excess returns before the Spring Festival, with an average absolute return of 4.4% [11]. - The upcoming Spring Festival in 2026 is expected to see continued strong performance in bank stocks, driven by balanced market styles and robust demand for high-dividend stocks [12]. - Recommendations for stock allocation include a stable base in state-owned banks and a more aggressive approach with quality joint-stock and city commercial banks [12].

Group 1 - The core point of the article is that China Construction Bank has obtained a patent for a method, device, system, storage medium, and program product related to "database unloading" [1] - The patent was granted with the announcement number CN114238487B, and the application date was December 2021 [1] - China Construction Bank, established in 2004 and located in Beijing, primarily engages in monetary financial services with a registered capital of 26,160,038.1459 million RMB [1] Group 2 - According to data from Tianyancha, China Construction Bank has invested in 36 companies and participated in 5,000 bidding projects [1] - The bank has 1,897 trademark information entries and 5,000 patent information entries, along with 149 administrative licenses [1]

Core Insights - The report maintains a strong market rating for the banking sector, highlighting structural opportunities amid a new economic starting point in 2026 [3][5] - The macroeconomic environment is expected to support credit growth, with fiscal policies becoming more proactive and monetary policies remaining moderately accommodative [3][4] - The banking sector is anticipated to experience a stabilization in net interest margins, with a narrowing space of less than 5 basis points expected in 2026 [4][40] Macroeconomic Fundamentals - The GDP growth target for 2026 is projected to remain stable at around 5%, supported by structural improvements in financing demand from enterprises and households [12][14] - The fiscal deficit rate is expected to increase from 4% in 2025, with proactive fiscal policies aimed at stabilizing growth and expectations [14][16] - Monetary policy will continue to be moderately accommodative, with social financing growth expected to maintain above 8% [16][17] Industry Core Policy Guidance - Regulatory bodies are focusing on protecting net interest margins, with measures in place to guide banks in pricing management and alleviate margin pressures [25][26] - New supportive policies, including interest subsidies for personal consumption loans, are expected to create favorable asset deployment scenarios for banks [27][28] - Capital supplementation policies are being optimized to enhance banks' credit expansion capabilities and risk resilience [28][29] 2026 Profitability Outlook - Corporate loan growth is expected to be a key driver of credit expansion, while retail credit improvements will depend on policy support for income and consumption [4][34] - The net interest margin is projected to stabilize, with a potential bottoming out in 2026, supported by regulatory measures and market conditions [40][41] - Fee income is anticipated to recover, particularly for city commercial banks, as market sentiment improves [42][43] 2026 Asset Quality Outlook - The overall asset quality of the banking sector is expected to stabilize, with non-performing loan ratios remaining low for corporate lines, while retail lines may still face risks [4][20] - The trend of provisioning coverage is expected to improve, providing banks with more flexibility in managing their asset quality [20][21] 2026 Industry Landscape Outlook - Differentiation among banks is likely to become a dominant theme, with larger banks expected to see more stable revenue growth compared to smaller banks facing complex operating environments [4][5] - Regional economic vitality will significantly influence the performance of local banks, with areas of strong economic growth presenting better investment opportunities [5][6] Investment Recommendations - The insurance sector is projected to see over 2 trillion yuan in new market funds in 2026, increasing demand for high-dividend assets [5] - Focus on state-owned banks with stable operations, such as Industrial and Commercial Bank of China and China Construction Bank, as attractive investment targets [5] - Attention should be given to regional banks in economically vibrant areas, such as Jiangsu Bank and Chongqing Bank, which are expected to perform well [5][6]

Core Viewpoint - Airwallex and China Construction Bank have launched a new personal cross-border remittance product called "Full Amount Arrival," aimed at addressing long-standing pain points in traditional cross-border remittance processes, such as high fees and lengthy transaction times [1][3]. Group 1: Product Features - The "Full Amount Arrival" service significantly reduces costs associated with traditional bank remittances and enhances convenience for users [1]. - The service supports eight major currencies and covers dozens of countries and regions, catering to diverse scenarios such as studying abroad and travel [3]. - The product offers end-to-end traceability and real-time information synchronization, improving transaction efficiency and transparency [3]. Group 2: Risk Management and Compliance - The service integrates anti-money laundering monitoring and transaction risk control capabilities from both Airwallex and China Construction Bank, allowing for dynamic management of transaction processing times based on real-time risk assessments [3]. - The collaboration aims to create a secure, reliable, and compliant cross-border remittance channel while enhancing service convenience and cost advantages [3]. Group 3: Technological Innovation - The partnership leverages innovative financial technology applications, which are crucial for enhancing cross-border financial service capabilities and customer experience [4]. - Airwallex provides modular and embedded financial technology solutions that enable rapid deployment of cross-border payment products and integration of global collection and multi-currency account management [4]. - The collaboration is expected to foster cross-border trade and financial service connectivity, contributing to the high-quality development of the financial industry [4].

Group 1 - China Construction Bank Corporation has obtained a patent for a method, device, electronic equipment, and storage medium related to "an approval rule adjustment method," with the authorization announcement number CN115829738B, and the application date is November 2022 [1] - China Construction Bank Corporation was established in 2004 and is located in Beijing, primarily engaged in monetary financial services, with a registered capital of 26,160,038.1459 thousand RMB [1] - The bank has invested in 36 enterprises, participated in 5,000 bidding projects, and has 1,897 trademark information and 5,000 patent information, along with 149 administrative licenses [1] Group 2 - Jianxin Financial Technology Co., Ltd. was established in 2018 and is located in Shanghai, primarily engaged in software and information technology services, with a registered capital of 1,729.9729729 million RMB [1] - Jianxin Financial Technology has invested in 6 enterprises, participated in 4,248 bidding projects, and has 297 trademark information and 5,000 patent information, along with 10 administrative licenses [1]

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 国家知识产权局信息显示，中国建设银行股份有限公司取得一项名为"文本生成的方法、装置、设备和 计算机可读介质"的专利，授权公告号CN113283247B，申请日期为2021年6月。 天眼查资料显示，中国建设银行股份有限公司，成立于2004年，位于北京市，是一家以从事货币金融服 务为主的企业。企业注册资本26160038.1459万人民币。通过天眼查大数据分析，中国建设银行股份有 限公司共对外投资了36家企业，参与招投标项目5000次，财产线索方面有商标信息1897条，专利信息 5000条，此外企业还拥有行政许可149个。 ...

Group 1 - The State Intellectual Property Office of China has granted a patent titled "Information Push Method, Device, Electronic Equipment and Storage Medium" to China Construction Bank Corporation and Jianxin Financial Technology Co., Ltd. The patent was applied for on September 2022 [1] - China Construction Bank Corporation, established in 2004 and located in Beijing, primarily engages in monetary financial services with a registered capital of 26,160,038.1459 thousand RMB. The company has invested in 36 enterprises, participated in 5,000 bidding projects, and holds 1,897 trademark records and 5,000 patent records, along with 149 administrative licenses [1] - Jianxin Financial Technology Co., Ltd., founded in 2018 and based in Shanghai, focuses on software and information technology services with a registered capital of 172,972.9729 thousand RMB. The company has invested in 6 enterprises, participated in 4,248 bidding projects, and possesses 297 trademark records and 5,000 patent records, in addition to 10 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent to China Construction Bank Corporation and Jianxin Financial Technology Co., Ltd. for a data processing method, device, electronic equipment, and storage medium, with the authorization announcement number CN116955393B and application date of February 2023 [1] - China Construction Bank Corporation, established in 2004 and located in Beijing, primarily engages in monetary financial services, with a registered capital of 26,160,038.1459 thousand RMB. The company has invested in 36 enterprises, participated in 5,000 bidding projects, and holds 1,897 trademark records and 5,000 patent records, along with 149 administrative licenses [1] - Jianxin Financial Technology Co., Ltd., founded in 2018 and based in Shanghai, focuses on software and information technology services, with a registered capital of 172,972.9729 thousand RMB. The company has invested in 6 enterprises, participated in 4,248 bidding projects, and possesses 297 trademark records and 5,000 patent records, in addition to 10 administrative licenses [1]