Core Insights - The report reveals that in 2024, 5,091 listed companies in China contributed approximately 39,727 billion yuan in actual tax payments, remaining stable compared to 2023, accounting for about 22.7% of the national tax revenue [3][4]. Group 1: Tax Contributions and Distribution - The top 100 listed companies contributed around 73% of the total tax payments, indicating a significant concentration of tax contributions among a small number of firms [5]. - Major contributors include China National Petroleum (3,961 billion yuan) and Sinopec (3,313 billion yuan), with several banks and other companies also exceeding 1,000 billion yuan in tax payments [5]. - The average tax payment per listed company was 7.8 million yuan, with a median of 0.53 million yuan [6]. Group 2: Industry Contributions - The mining, financial, and manufacturing sectors accounted for nearly 77% of the total tax contributions from listed companies, with mining alone contributing about 1 trillion yuan [8]. - The manufacturing sector saw the highest growth in tax contributions, increasing by approximately 22.6 billion yuan, while the real estate sector experienced the largest decline at around -28% [12]. Group 3: Ownership Structure and Tax Burden - State-owned enterprises represented about 30% of listed companies but contributed nearly 80% of the total tax payments, highlighting the dominance of state-owned firms in tax contributions [12]. - The average tax burden for listed companies has decreased over the years, with the tax payment per 100 yuan of revenue dropping to approximately 5.6 yuan in 2024 [13]. - The mining and financial sectors had the highest tax payment per 100 yuan of revenue at around 12 yuan, while the manufacturing sector had a lower tax burden of about 4 yuan [14].

Core Insights - The report from Southwest University of Finance and Economics reveals the tax contributions of listed companies in China for 2024, indicating a total actual tax payment of approximately 39,727 billion yuan, which remains stable compared to 2023 [1] Group 1: Tax Contributions - A total of 5,091 listed companies contributed an actual tax amount of about 39,727 billion yuan in 2024, accounting for approximately 22.7% of the national tax revenue [1] - The top 100 listed companies contributed around 73% of the total actual tax payments made by all listed companies [1] Group 2: Industry Contributions - The industries with the highest tax contributions are concentrated in mining, finance, and manufacturing [1] - China National Petroleum Corporation and Sinopec ranked first and second in actual tax payments, contributing 3,961 billion yuan and 3,313 billion yuan, respectively [1] - Major banks such as Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and Bank of China each contributed over 1,000 billion yuan, ranking third to seventh [1] - Kweichow Moutai, China State Construction Engineering, and China Mobile each contributed over 500 billion yuan, ranking eighth to tenth [1]

Core Insights - The report reveals that in 2024, 5,091 listed companies in China contributed approximately 39,727 billion yuan in actual tax payments, remaining stable compared to 2023, accounting for about 22.7% of the national tax revenue [1][2] Group 1: Tax Contributions and Distribution - The top 100 listed companies contributed around 73% of the total tax payments, indicating a significant concentration of tax contributions among a small percentage of companies [3] - Major contributors include China National Petroleum (3,961 billion yuan) and Sinopec (3,313 billion yuan), followed by major banks and companies like Agricultural Bank of China and China Mobile, each exceeding 1,000 billion yuan in tax payments [3] - The average tax payment per listed company was 7.8 million yuan, with a median of 0.53 million yuan [4] Group 2: Industry Contributions - The mining, financial, and manufacturing sectors accounted for nearly 77% of the total tax contributions from listed companies, with the mining sector alone contributing about 1 trillion yuan [4][9] - The manufacturing sector saw the highest growth in tax contributions, increasing by approximately 226 million yuan, while the real estate sector experienced the largest decline at -28% [9] Group 3: Ownership Structure and Tax Burden - State-owned enterprises represented about 30% of listed companies but contributed nearly 80% of the total tax payments, highlighting the dominance of state-owned firms in tax contributions [9] - The average tax burden for listed companies has decreased to approximately 5.6% in 2024, down from 8.9 yuan per 100 yuan of revenue in 2015, reflecting the impact of tax reduction policies [10] - The mining and financial sectors had the highest tax burden per 100 yuan of revenue, at around 12 yuan, while the manufacturing sector had a lower burden of about 4 yuan [10] Group 4: Emerging Sectors - Companies related to digital currency and digital government concepts had relatively low tax contributions, indicating potential for growth in tax contributions from these sectors [11]

为促进企业贷款综合融资成本更加公开透明，保护金融消费者合法权益，进一步降低实体经济综合融资 成本，建行茂名市分行全面推广使用《企业贷款综合融资成本清单》（俗称"贷款明白纸"），将贷款涉 及的年化利率、担保费、评估费等所有成本项目清晰列明，从源头上帮助企业精准把握融资总成本。 讲清"明白纸"，助推政策高频触达。为落实关于明示企业贷款综合融资成本的工作部署，建行茂名市分 行充分发挥线下网点阵地宣传作用，各网点电子门楣24小时滚动循环播放 "一张贷款'明白纸'助您融资 成本再下降"宣传口号，各业务办理柜台定点摆放"理清融资成本明细账 助力企业负担再下降"等宣传物 料，让广大市民、办事企业客户能即时获取政策信息，实现政策触达"即见即知"，以主动作为的姿态， 构建互信共赢的"银企"合作关系。 "一张贷款明白纸 理清成本明细账"，通过"银企"双方共同盘点、一起算账的方式，有效消除了企业融 资成本信息不对称的问题，让信息"多跑路"、让企业"少疑虑"，以公开透明的服务传递金融温度。茂名 建行相关负责人表示，信息的公开透明有利于增强银企双方互信，为企业发展提供有力保障。下一步， 该行将持续推进"明示企业贷款综合融资成本"相关工 ...

但对于是否已查明本次事件的具体原因、后续若出现类似情况将如何处理等问题，该负责人均未正面回 复。 某国有银行金融科技领域相关负责人向记者表示，顾女士存单无法支取，可能与生僻字关系不大，毕竟 顾女士当年开立的其他存单都可正常支取，唯独两笔存单找不到存根。可能主要还是银行系统出了问 题，在数据录入、系统更新或迁移过程中造成了信息缺失。 记者查询相关法律条文了解到，根据2015年修正的《中华人民共和国商业银行法》第三十三条：商业银 行应当保证存款本金和利息的支付，不得拖延、拒绝支付存款本金和利息。 近日，"女子在银行存款近30年无法取出"登上热搜。据媒体此前报道，上海市民顾女士在1997年开立了 建设银行（住房）储蓄存单，今年6月前去兑付，却被告知有两张存单因查不到底根，暂时无法兑现。 建行工作人员称，需查找当年的存根，并排查相关原因。但顾女士等待数月无果。她向媒体投诉时说， 当年建行系统里没有其身份证姓名中的"珮"字，工作人员就打了单人旁的"佩"再手动修改并盖章，可能 是这个环节出了问题。但让顾女士疑惑的是，她在建行同期存入的其他存单均可正常支取，只有这两张 不行。 在中国证券报·中证金牛座记者多次致电建行上海黄 ...

Core Insights - Southbound funds increased their holdings in China Construction Bank (00939.HK) by 15.16 million shares on November 14, 2025, marking a total net increase of 166.7 million shares over the past five trading days [1] - Over the last 20 trading days, southbound funds have increased their holdings on 18 occasions, resulting in a cumulative net increase of 444 million shares [1] - As of now, southbound funds hold a total of 33.711 billion shares of China Construction Bank, accounting for 14.01% of the company's total issued ordinary shares [1] Summary by Category Trading Activity - On November 14, 2025, total shares held reached 33.711 billion, with a change of 15.16 million shares, reflecting a 0.04% increase [2] - The previous trading days showed the following changes: - November 13: 27.079 million shares, 0.08% increase [2] - November 12: 43.589 million shares, 0.13% increase [2] - November 11: 48.026 million shares, 0.14% increase [2] - November 10: 33.084 million shares, 0.10% increase [2] Company Overview - China Construction Bank is a commercial bank with primary operations in corporate banking, including corporate deposits, loans, asset custody, corporate annuities, trade financing, international settlements, international financing, and value-added services [2] - The bank also offers personal banking services, which include personal savings, loans, credit card services, private banking, foreign exchange trading, and gold trading, operating in both domestic and overseas markets [2]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The report highlights a continued slowdown in social financing and a shift of deposits towards wealth management products, indicating a need for observation regarding the recovery of resident confidence and corporate operational activity [5][6] - The report notes that the credit growth is slowing down, with new RMB loans added in October amounting to 220 billion yuan, a year-on-year decrease of 280 billion yuan, reflecting seasonal demand factors and constraints on credit expansion [3][4] - Government bonds remain the main contributor to social financing growth, with new government bonds issued in October at 489.3 billion yuan, marking the lowest monthly level for the year [4] Summary by Sections Credit Market Analysis - In October, the new RMB loans were 220 billion yuan, with a year-on-year decrease of 280 billion yuan, and the balance growth rate was 6.5%, down 0.1 percentage points from September [3] - The report indicates that corporate loans increased by 220 billion yuan year-on-year, primarily supported by a 331.2 billion yuan increase in bills, while residential borrowing intentions decreased [3][4] Social Financing Trends - In October, social financing increased by 815 billion yuan, a year-on-year decrease of 597 billion yuan, with a stock growth rate of 8.5%, down 0.2 percentage points from September [4] - The report emphasizes that while social financing growth has been declining since July, the overall downward trend has been limited, with government bonds continuing to play a significant role [4] Deposit and Liquidity Dynamics - The M2 money supply grew by 8.2% year-on-year, while M1 grew by 6.2%, indicating a shift towards demand deposits [5] - There is a notable trend of deposits moving from residents to non-bank financial institutions, with a significant increase of 770 billion yuan in non-bank deposits, suggesting a migration of funds towards wealth management products [5][6] Investment Recommendations - The report suggests that despite the ongoing slowdown in credit growth and social financing, the retail risk for listed banks remains manageable, supported by robust provisioning and stable dividend policies [6] - It recommends increasing allocations to the banking sector, particularly state-owned banks, which are seen as offering value relative to risk-free rates, highlighting specific banks such as CITIC Bank and others as beneficiaries [6]

从隔空协作走通"调解优先"的创新路径，到三年接力创下分行破产重整项目回收率新高。这背后，是一 支名为"张富清不良处置女子突击队"的队伍。当金融巾帼遇上不良资产化解的"持久战"，会迸发出怎样 的能量？ 鲜亮成绩的背后，是持续的系统攻坚。队伍构建起省市县三级联动机制，倒排工期、协同作战；派驻专 人参与省级债委会，追偿外地存货证据；主动参与管理人遴选，提升现金清偿率；针对不利于债权实现 的情形，坚持依法诉讼维权，历经多审级司法程序，最终维护银行合法权益；积极争取总行单户转让政 策支持，组织买卖方尽调，强化与资产管理公司对接，通过银登中心挂牌磋商，完成单户债权转让。 上千份日报、几万字的申报材料、数不清的集体研究，记录着这支队伍的担当与奉献。"当张富清式的 忠诚担当融入血脉，这就是责任，更是阵地。"队员郭晶说。 从"单点突破"到"系统推进"，从被动应对到主动作为，张富清女子突击队用三年时间，不仅清收了一笔 重大风险资产，更探索出一条党建与业务深度融合的新路径。在她们身上，"守正创新"不是口号，而是 每一次谈判、每一份文书、每一场诉讼中的坚守与突破。当金融队伍以"张富清式"的忠诚与担当直面风 险，以"刀刃向内"的勇气重 ...

在黄河入海口的东营市，昔日的"白色荒漠"上，正悄然发生一场"绿色革命"，一粒粒种子生根发芽，孕 育着丰收的希望。 盐碱地，被视为耕地的"后备军"，其改造对于保障国家粮食安全、改善生态、促进区域发展意义重大。 然而，这块"硬骨头"并不好啃。盐碱地改良期投入巨大，产出却主要是经济效益相对较低的粮食作物； 产权分散的农业用地，也难以成为传统信贷认可的合格抵押物。融资瓶颈，一度严重制约着盐碱地综合 利用的步伐。 面对困境，山东建行主动破题。2024年以来，该行紧密对接全省盐碱地改造规划，将东营、滨州作为重 点突破区域，深入实地考察论证。省、市分行共同研究探索盐碱地治理过程中信贷支持模式，加强与政 府和企业沟通，积极对接重点改造项目，确定授信方案，就项目风险点、风险与收益匹配性等进行诊断 会商。 东营捷飞农业科技有限公司的案例，成为了一个生动的注脚。该公司承担的黄河入海口盐碱地综合利用 及耐盐碱种质资源培育项目，涵盖63633亩盐碱地、涉及6个乡镇。项目通过田块建设、灌排节水、道路 设施、土壤改良等工程的实施，实现盐碱地垦造与耕地改良，从而提高耕地质量、增加耕地数量、提高 农民收入。然而，项目启动之初，便遭遇了融资困境 ...

九九重阳，今又重阳。重阳节承载着尊老、敬老、爱老的传统美德，也映照出社会对养老需求的关注。 在日照，拓宽融资渠道，在山东省四大国有银行中率先突破，发放首笔以营利性养老机构有偿取得的养 老服务设施用地等社会福利用地使用权作为抵质押物的养老产业贷款；在潍坊，创新融资方案，在寿 光、青州两市落地两笔养老产业并购贷款，总计投放1.85亿元，助力养老资源优化整合；在威海，提升 服务效能，"银发课堂"为老年人送上一份别具匠心的温暖关怀…… 能创新！定制并购方案，助力养老产业规模化整合 这些扎根一线的鲜活实践，恰是建行山东省分行深耕养老金融领域，以专业创新与人文温度破解养老痛 点、赋能银发经济的生动缩影。 敢突破！创新抵押模式，破解民营养老机构融资困局 资金缺口3000万元！此前，在推进三期老年公寓项目时，日照嘉豪银泰养老服务有限公司遭遇发展窘境 ——融资之路陷入僵局，项目建设被迫放缓。 事实上，"融资难"一直是民营养老机构的发展瓶颈。以日照嘉豪银泰养老服务有限公司为例，因其项目 用地属社会福利用地，无法办理传统抵押，加之企业又缺乏其他押品与担保方，这就导致3000万元的资 金缺口迟迟无法填补，影响项目进展。 作为国有大行 ...