Group 1 - The fund aims to select undervalued quality listed companies through in-depth analysis of the fundamentals of companies and industries, with a focus on achieving investment returns that exceed the performance benchmark while strictly controlling risks [2][4] - The fund's investment strategy allows for a stock investment ratio of 60%-95% of the total assets, with a performance benchmark of 60% of the CSI 800 Index return, 15% of the Hong Kong Hang Seng Composite Index return, and 25% of the CSI All Bond Index return [2][4] - The fund is classified as a mixed fund, with expected returns and risk levels higher than money market and bond funds, but lower than equity funds [2][4] Group 2 - As of the end of the reporting period, the total number of fund shares was 2,024,294,612.47 [2] - The fund's A class share net value growth rate for the reporting period was 4.95%, while the C class share net value growth rate was 4.81%, compared to a benchmark return of 1.90% [11] - The fund's performance over the past year showed a net value growth rate of 20.39% and a performance benchmark return of 16.25% [6][11] Group 3 - The fund's total assets included 91.65% in common stocks and 0.30% in bonds, with a significant portion of equity investments made through the Hong Kong Stock Connect mechanism [12][13] - The fund's investment portfolio was diversified across various sectors, with notable allocations in transportation, manufacturing, and energy [12][13] - The fund management adhered to strict internal controls and fair trading principles, ensuring compliance with regulations and protecting the interests of fund holders [9][10]

Core Viewpoint - The banking sector is experiencing a valuation recovery, with significant interest from institutional investors, particularly in Hong Kong-listed banks due to their attractive dividend yields and lower valuations compared to A-shares [1][4]. Group 1: Market Trends - Bank stocks have seen a resurgence, with southbound funds net buying HKD 1.86 billion in Hong Kong stocks, particularly favoring H-shares like China Construction Bank [1]. - Hangzhou Bank reported a net profit of CNY 11.662 billion, a year-on-year increase of 16.67%, indicating strong performance in the current economic environment [1]. - Over 60% of insurance institutions plan to increase their investments in Hong Kong stocks by 2025, with an estimated additional capital inflow of over CNY 250 billion, focusing on high-dividend H-shares [1]. Group 2: Investment Vehicles - The Bank AH Selected ETF (517900) has gained 25.69% year-to-date, outperforming the CSI Bank Index by approximately 11 percentage points [2]. - The ETF has attracted significant capital inflow, with over CNY 470 million in the last 20 trading days and nearly CNY 700 million in two months [5]. Group 3: Investment Appeal - H-shares are often cheaper and offer higher dividend yields compared to A-shares, making them more attractive to institutional investors [4]. - The banking sector is shifting from being viewed as a cyclical industry to a more stable investment option, driven by low interest rates and steady demand for financial products [7].

Core Viewpoint - The report provides an overview of the performance and investment strategy of the Penghua HuShenHong Emerging Growth Flexible Allocation Mixed Securities Investment Fund for the second quarter of 2025, highlighting its focus on emerging growth themes and active asset allocation to achieve long-term capital appreciation [2][3]. Fund Overview - Fund Name: Penghua HuShenHong Emerging Growth Mixed Fund - Fund Manager: Penghua Fund Management Co., Ltd. - Fund Custodian: China Construction Bank Co., Ltd. - Total Fund Shares at Period End: 907,996,421.84 shares [2]. Investment Strategy - The fund aims to achieve excess returns and long-term capital appreciation through active and flexible asset allocation, focusing on emerging growth theme stocks while effectively controlling risks [2][3]. - The investment strategy includes both top-down and bottom-up approaches to identify quality companies in A-shares and Hong Kong stocks, analyzing industry growth prospects and company fundamentals [3][4]. Financial Performance - For the period from April 1, 2025, to June 30, 2025, the net value growth rates for Class A and Class C shares were -3.59% and -3.68%, respectively, compared to a benchmark growth rate of 0.13% [5][11]. - Over the past six months, Class A shares achieved a growth rate of 23.41%, while Class C shares recorded 23.17% [5][11]. Investment Composition - As of the report period, the fund's total assets included approximately 1,076,052,320.09 RMB in stocks, representing 93.92% of the total assets [11]. - The fund also invested in Hong Kong stocks through the Stock Connect mechanism, with a fair value of 24,781,575.53 RMB, accounting for 2.18% of the net value [11]. Management and Compliance - The fund manager, Yan Siqian, has 15 years of experience in the securities industry and has been managing the fund since May 7, 2022 [6][7]. - The fund management strictly adheres to regulations and maintains compliance with the Securities Investment Fund Law and other relevant regulations [7][8].

业务办完后，大堂经理细心地为老人整理好衣角，慢慢推起轮椅。从大堂到门口的斜坡，她特意控制着 速度，避免轮椅颠簸。到达路边的等候区，还不忘把老人的水杯放在触手可及的地方："您家人马上就 到，在这儿歇着等就行，有事儿随时喊我。" 老人望着大堂经理忙碌的背影，又看了看柜台上 "爱心服务岗" 的标识，布满皱纹的脸上露出了笑容， 对着工作人员的方向缓缓竖起了大拇指。这无声的赞许，如同投入湖面的石子，在所有人心中漾起温暖 的涟漪。 这样的场景，在该行早已成为日常。多年来，该行始终将特殊群体的服务需求融入日常运营的每个细 节：无障碍坡道定期检修、盲文业务指南随时更新、员工定期参加手语培训…… 用看得见、摸得着的 举措，让金融服务跨越障碍。 "金融服务不该有门槛，每个客户都该被温柔对待。" 建行烟台南大街支行负责人表示，未来将继续升 级便民服务设施，拓展 "爱心服务清单"，让轮椅转动的轨迹里，始终满载着专业与关怀，让温暖成为 网点最鲜明的底色。 近日，阳光透过玻璃窗洒在建行烟台南大街支行的大堂里，一位乘坐轮椅的老人在家人陪伴下缓缓驶入 网点。老人花白的头发下，眼神里带着几分局促与期待，刚到门口，大堂经理便快步迎上前，脸上漾着 ...

Core Viewpoint - The article highlights the exemplary customer service provided by the staff at the CCB Jining Cultural East Road Branch, showcasing their commitment to a customer-centric approach during a critical situation [1][2]. Group 1: Customer Service Excellence - A middle-aged woman urgently needed a credit certificate for her child's study abroad, prompting immediate assistance from the staff despite it being during their lunch break [1]. - The staff member quickly reassured the customer and took proactive steps to resolve the issue, demonstrating empathy and professionalism [1]. - The customer expressed deep gratitude upon receiving the certificate, acknowledging the staff's dedication and service quality [2]. Group 2: Commitment to Customer-Centric Philosophy - The actions of the CCB Jining Cultural East Road Branch staff exemplify the bank's "customer-first" service philosophy [2]. - The bank aims to continue motivating employees to provide warm and professional service, enhancing customer experiences and building positive financial service stories [2].

Core Points - A heartwarming story unfolded at the CCB Linyi Jiexixi Branch, where a senior customer accidentally left behind 10,000 yuan in cash after a withdrawal, highlighting the bank's commitment to customer service [1] - The bank staff quickly initiated an emergency response to locate the customer, demonstrating their professionalism and efficiency in handling the situation [1] - The incident showcases the financial institution's "customer-centric" service philosophy, emphasizing the importance of maintaining effective communication with elderly clients [1] Summary by Sections - Incident Description - An elderly customer left 10,000 yuan in cash at the bank after a hurried withdrawal, which was discovered by the staff during routine checks [1] - The staff reported the situation to the branch manager, who reviewed surveillance footage but faced challenges due to incomplete customer information [1] - Emergency Response - The bank activated an emergency plan, collaborating with local police to retrieve the customer's family information [1] - After several attempts, the staff successfully contacted the elderly customer through their family, ensuring the cash was returned [1] - Customer Reaction and Future Actions - The elderly customer expressed deep gratitude upon receiving the cash, praising the bank for its responsibility and efficiency [1] - The branch manager indicated plans to enhance information maintenance for elderly clients and encourage them to provide valid contact details for future assistance [1]

Core Points - A customer at CCB Linyi Qiyang Branch faced a distressing situation when a fire damaged over thirty hundred-yuan banknotes, raising concerns about the validity of the cash [1] - The bank staff promptly assisted the customer by carefully examining and processing the damaged notes according to the People's Bank of China's guidelines for damaged currency [1] - After more than an hour of meticulous work, the staff successfully exchanged the damaged banknotes for new ones, minimizing the customer's financial loss [1] Customer Service Philosophy - The incident exemplifies CCB Linyi Qiyang Branch's "customer-centric" service philosophy, highlighting the professionalism and responsibility of the staff [2] - The staff's actions not only alleviated the customer's financial concerns but also demonstrated the warmth and reliability of CCB's services [2] - The bank aims to continue providing high-quality service to help more customers in need, reinforcing its commitment to customer satisfaction [2]

Group 1 - The core viewpoint of the article highlights the significant changes in China's deposit interest rates, marking the beginning of a new era with rates dropping to the "1.0 era" as of July 2024 [1][3] - The People's Bank of China and the China Banking and Insurance Regulatory Commission have officially announced a comprehensive reduction in deposit interest rates, impacting savings behavior [1][3] - The adjustment features a drastic reduction in the interest rate for demand deposits to 0.05%, leading to a significant decrease in returns for savers [3][5] Group 2 - The new interest rate structure shows a tiered decline in fixed deposit rates, with specific rates for different terms, such as 0.65% for 3-month deposits and 1.30% for 5-year deposits [3][5] - The phenomenon of "interest rate inversion" is noted, where the 5-year deposit rate is only slightly higher than the 3-year rate, raising concerns about liquidity and opportunity costs for savers [3][5] - The minimum deposit for large certificates of deposit remains at 200,000 yuan, but the issuance of certain terms has been suspended, limiting options for long-term high-yield investments [4][5] Group 3 - Three strategies for managing 100,000 yuan in deposits are proposed, including a laddered deposit approach, a large certificate of deposit and investment combination, and a cross-bank arbitrage strategy [5][6][7] - The laddered deposit method suggests a mix of short and medium-term deposits to maintain liquidity while securing higher interest rates [5][6] - The cross-bank arbitrage strategy recommends diversifying deposits across different banks to take advantage of varying interest rates, potentially increasing annual returns by 24% compared to a single bank approach [7][9] Group 4 - The article addresses common questions regarding deposit strategies in the current interest rate environment, advising on the timing of deposits and the risks associated with long-term fixed deposits [9][10] - It emphasizes the importance of understanding the hidden terms of large certificates of deposit and the safety of deposits in smaller banks, which may offer higher rates [9][10] - The expectation of further declines in deposit rates suggests that savers should consider alternative investment options to maintain returns above inflation [10][11] Group 5 - The article concludes that the recent interest rate adjustments represent both challenges and opportunities for savers, urging a shift from traditional banking practices to more dynamic asset allocation strategies [11][13] - A recommended asset allocation strategy is proposed, suggesting a balanced approach across low, medium, and high-risk investments to adapt to the new financial landscape [11][13] - The emphasis is placed on the importance of actively managing savings and investments in a rapidly changing interest rate environment, highlighting that being proactive in financial management is crucial [13]

Group 1: China Construction Bank's Green Finance Development - China Construction Bank's Hubei branch launched the "Green New Pioneer Equity Investment Fund," the first green low-carbon equity investment fund of the group, with a total scale of 1.5 billion yuan [1] - The fund focuses on ecological environmental protection and high-quality development along the Yangtze River Economic Belt, targeting emerging industries in ecological protection, clean energy, and green transportation [1] - The bank plans to leverage its integrated commercial and investment banking advantages to explore the green finance development potential along the Yangtze River Economic Belt through its 13 first-level branches in 11 provinces and cities [1] Group 2: China UnionPay's "Vital Life Card" - China UnionPay launched the "Vital Life Card," a card product tailored for the elderly and those preparing for retirement, in collaboration with commercial banks and industry partners [2] - The card product matrix includes debit and credit cards issued by commercial banks aimed at the elderly, as well as social security cards that meet bank criteria [2] - The initial offering includes 12 benefits across six categories related to high-frequency consumption scenarios such as healthcare, nursing care, retirement communities, daily life, high-end vacations, and high-end medical services [2]

雷鸣早期主要在建设银行下属的分行任职，曾任该行上海市分行办公室主任、上海南汇支行行长、上海 市分行电子银行部总经理等职务。 2011年11月至2016年4月，雷鸣任建设银行金融市场部下设商品与期货交易部副总经理；2016年4月至 2018年5月，任该行金融市场交易中心副总经理。 【导读】建设银行聘任雷鸣为副行长，此前任建信金科董事长 7月17日晚间，建设银行发布公告称，该行董事会于当日在北京以现场会议方式召开，同意聘任雷鸣担 任副行长，待国家金融监督管理总局核准其任职资格后履职。 时隔7年 雷鸣回归建行总行 据悉，雷鸣为建设银行"老将"，自1995年毕业后便加入建设银行，拥有30年银行从业经验。雷鸣此前担 任建信金融科技有限责任公司（以下简称建信金科）的董事长。 公开资料显示，雷鸣，出生于1969年12月，同济大学工业自动化专业研究生毕业，获工学硕士学位，高 级经济师。 财报数据显示，截至今年一季度末，建设银行集团资产总额为42.79万亿元，较上年末增加2.22万亿元， 增幅为5.48%。报告期内，该行实现营业收入1900.7亿元，同比下降5.4%；利息净收入为1419.23亿元， 较上年同期减少5.21%。 ...