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的內容概不負責，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份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 董事會會議召開日期 中信銀行股份有限公司（「本行」）董事會（「董事會」）謹此宣佈，董事會將於二零二五年四 月二十九日（星期二）舉行董事會會議，以考慮及通過（包括其他事項）本行及其附屬公司 截至二零二五年三月三十一日止三個月的季度業績。 承董事會命 中信銀行股份有限公司 方合英 董事長 中國‧北京 二零二五年四月十五日 於本公告日期，本行執行董事為方合英先生（董事長）及胡罡先生；非執行董事為黃芳女 士及王彥康先生；及獨立非執行董事為廖子彬先生、周伯文先生、王化成先生及宋芳秀 女士。 998 ...

Core Viewpoint - The company plans to utilize idle fundraising capital for cash management, specifically by investing up to RMB 150 million in low-risk financial products to enhance the efficiency of fund usage while ensuring that it does not affect the construction of fundraising projects [1][5]. Group 1: Investment Management - The company has approved the use of idle fundraising capital for cash management, with a maximum amount of RMB 150 million allocated for this purpose [1]. - On April 9, 2025, the company signed an agreement with CITIC Bank to invest RMB 100 million in a structured deposit product, specifically "Win-Win Smart Currency Linked RMB Structured Deposit A01925" [1][4]. - The structured deposit has a yield range of 1.05% to 1.90% and a maturity period of one month, starting from April 14, 2025, to May 16, 2025 [4]. Group 2: Risk Management - The company will analyze and monitor the recovery of principal and returns from the financial products, taking protective measures if any risks to fund safety are identified [3]. - The audit department is responsible for supervising the use and custody of the funds invested in financial products, conducting regular checks, and reporting to the audit committee [3]. - Independent directors and the supervisory board have the authority to oversee fund usage and may hire professional institutions for audits if necessary [3]. Group 3: Financial Impact - The investment in low-risk bank financial products is designed to ensure that it does not disrupt the company's normal cash flow and operations, thereby enhancing the efficiency and returns of the company's liquid funds [5]. - In the past twelve months, the company has previously invested a total of RMB 230 million in similar structured deposit products with CITIC Bank [5][6].

Core Insights - The private banking business of several listed banks is experiencing rapid growth, becoming a key driver for retail banking amidst pressure on net interest margins and slowing retail business growth [1][4] Group 1: Private Banking Performance - As of the end of 2024, major banks like ICBC, ABC, CCB, and BOC have over 100,000 private banking clients, with ICBC leading at 289,000 clients, a 9.9% increase year-on-year [2] - The total assets under management (AUM) for private banking at ICBC, ABC, and BOC have surpassed 3 trillion yuan, with ABC and BOC showing significant growth rates of 18.87% and 16.73% respectively [2][3] - CCB, Ping An Bank, and others have also achieved AUM in the trillion yuan range, with notable year-on-year growth [3] Group 2: Market Dynamics and Challenges - The private banking sector is characterized by weak cycles, low volatility, and high value, making it an important non-interest income growth point for banks [4] - Despite the growth, challenges such as product homogenization, uneven personnel quality, and intense competition are present [4][5] - The trend of narrowing net interest margins is expected to continue, and the effectiveness of private banking in boosting non-interest income remains to be seen [4] Group 3: Client Segmentation and Service Innovation - Different banks have varying thresholds for private banking clients, with ICBC requiring a minimum asset level of 10 million yuan [3] - The focus is shifting towards high-net-worth individuals, who have a stronger risk tolerance and more certain financial needs, making them a key target for wealth management [6] - Banks are increasingly integrating non-financial services such as legal, tax, and healthcare into their offerings to enhance the value provided to private banking clients [6][7]

Core Viewpoint - The "Youth Look at China" themed event organized by CITIC Bank aims to broaden the horizons of young people by exploring China's polar research stations and the unique ecological and scientific value of Antarctica [1][2]. Group 1: Event Overview - The event took place in Nanchang, Jiangxi, celebrating the 40th anniversary of China's first Antarctic research station, the Great Wall Station [1]. - The event featured renowned polar explorer Wen Xu, who shared insights on polar ecosystems and the significance of Antarctic research [2]. Group 2: Educational Focus - The event emphasized not only natural geography and biological knowledge but also the importance of polar ecological protection, aligning with the United Nations' declaration of 2025 as the "International Year of Glacier Protection" [2]. - Activities included discussions on climate change and initiatives like the "Earth's Medical Record" and "Less than 2°C Plan," aimed at raising awareness among youth about ecological conservation [2]. Group 3: Financial Services Development - CITIC Bank is adapting to changing customer behaviors and the increasing importance of children's education expenses, positioning its parent-child financial services as a key strategy for lifecycle service [3][4]. - The "Happy Growth Package for Youth," launched in early 2025, focuses on four dimensions: passion, future, knowledge, and companionship, enhancing the bank's offerings for families [4][6]. Group 4: Comprehensive Support - CITIC Bank's upgraded customer service framework for wealth management includes four major areas: new wealth, new growth, new planning, and new life, aiming to meet diverse customer needs across different life stages [6]. - The bank plans to continue providing comprehensive support for parent-child families, integrating financial and non-financial services to enhance overall family experiences [6].

Core Viewpoint - The era of easy profits in retail banking is over, as evidenced by the recent financial reports from listed banks for 2024, showing a decline in retail business performance across most institutions, with only China Merchants Bank reporting a slight increase in revenue [4][5]. Revenue and Profit Summary - China Merchants Bank reported retail revenue of 196.83 billion yuan, a year-on-year increase of 1.29%, while other banks experienced declines, with the largest drop being 45.04% for Bohai Bank [5][6]. - In terms of profit, all banks that disclosed data saw a decrease, with China Merchants Bank's profit declining by 9.28%, and Bohai Bank reporting a loss of 2.79 billion yuan [5][6]. Non-Performing Loan (NPL) Ratio Summary - The retail loan NPL ratio increased for most banks, with only Industrial Bank and Zhejiang Commercial Bank showing a decrease. Bohai Bank's NPL ratio surged to 4.15%, marking a significant increase of 1.9 percentage points [2][11]. - The rise in NPL ratios is attributed to external economic pressures, including declining household income and rising unemployment, impacting repayment capabilities [11][12]. Retail AUM Performance - China Merchants Bank led in retail Assets Under Management (AUM) with nearly 15 trillion yuan, significantly outpacing its competitors, and recorded an AUM growth rate of 12.05% [7][8]. - Other banks, such as CITIC Bank, also showed strong AUM growth, reaching 4.69 trillion yuan with a 10.62% increase [8]. Strategic Directions - Banks are shifting their retail strategies, focusing on deepening existing customer relationships rather than solely acquiring new clients. For instance, Industrial Bank emphasizes maximizing the value of existing customers, while others like Ping An Bank are undergoing a challenging retail transformation [15][16]. - The emphasis on wealth management and the transition from traditional deposit-taking to higher-value products is evident, with non-deposit AUM ratios being significantly higher in joint-stock banks compared to state-owned banks [9][10].

Group 1 - The establishment of the CITIC Entrepreneur Office in Qingdao aims to empower the local real economy, support advanced manufacturing going global, and assist the high-quality development of private enterprises in the region [1] - The event was co-hosted by the Qingdao Municipal Bureau of Private Economy Development and CITIC Bank Qingdao Branch, with participation from 120 representatives from local enterprises and CITIC Group's affiliated units [1] - The Qingdao Municipal Bureau of Private Economy Development emphasizes nurturing high-quality small and medium-sized enterprises and focusing on the revitalization of the manufacturing sector [1] Group 2 - CITIC Financial Holdings' Wealth Management Department introduced a comprehensive service model for entrepreneurs, leveraging CITIC Group's financial and industrial advantages to provide a one-stop financial service for local entrepreneurs [2] - CITIC Bank Qingdao Branch highlighted its development history and core business, emphasizing its "full license" advantage and commitment to providing comprehensive financial solutions [2] - CITIC Prudential Life Insurance introduced its high-end brand "Chuan Jia," which focuses on high-net-worth clients and offers a range of wealth management and risk management services [2] Group 3 - The event focused on the financial needs of private enterprises, discussing comprehensive financial services, overseas expansion, and private banking services [3] - CITIC Bank Qingdao Branch is building a private equity ecosystem and has designated April as "Private Equity Theme Month," inviting various private equity institutions for investment roadshows [3] - Future activities will continue to enhance the integration of public and private financial needs, ensuring support for entrepreneurs throughout their development journey [3]

港股内银股午后集体走高，民生银行(01988.HK)涨超5%，建设银行(00939.HK)、中信银行(00998.HK)涨 近4%，中国银行(03988.HK)、工商银行(01398.HK)涨近3%。 ...

智通财经4月11日电，港股内银股午后集体走高，民生银行涨超5%，建设银行、中信银行涨近4%，中 国银行、工商银行涨近3%。 ...

Core Insights - The 2025 Q1 Bloomberg China Bond Underwriting Rankings reveal significant trends in the bond market, highlighting the performance of various banks and securities firms in the issuance of bonds [2][3]. Group 1: Market Overview - The total issuance of Panda bonds in 2024 exceeded 208.25 billion RMB, while in Q1 2025, the issuance by foreign institutions in the domestic market reached 41.6 billion RMB, showing a decrease of 38.28% compared to the same period last year [4]. - The overall issuance of domestic credit bonds in Q1 2025 was approximately 3.77 trillion RMB, reflecting a decline of about 12.61% year-on-year [6]. - The issuance of interbank certificates of deposit increased to approximately 8.35 trillion RMB in Q1 2025, up 11.97% from the previous year [10]. Group 2: Rankings and Performance - In the Bloomberg Q1 2025 China Bond Rankings, the top three positions were held by Bank of China (5.918%), CITIC Bank (5.675%), and Industrial Bank (5.297%) [7]. - For corporate bonds, CITIC Securities (13.450%), CITIC Jiantou (9.988%), and former Guotai Junan Securities (8.053%) maintained their top three positions [7]. - In the offshore RMB bond rankings (excluding certificates of deposit), the top three were held by Amundi (12.248%), HSBC (7.117%), and Standard Chartered Bank (5.021%) [7]. Group 3: Local Government Bonds - The issuance of local government bonds in Q1 2025 was approximately 2.66 trillion RMB, a significant increase of about 78.26% year-on-year [12]. - The issuance included about 0.38 trillion RMB in general bonds and approximately 2.28 trillion RMB in special bonds, with debt resolution remaining a key focus [12]. Group 4: Offshore Bond Market - The issuance of offshore bonds (excluding certificates of deposit) by Chinese enterprises exceeded 401.4 billion RMB in Q1 2025, marking a year-on-year growth of approximately 35.36% [16]. - The issuance of "Kung Fu Bonds" surpassed 30 billion USD (approximately 219.2 billion RMB), showing a significant increase of over 122.20% compared to the previous year [16].

Core Insights - The integration of artificial intelligence (AI) in financial services is a significant topic of discussion among listed financial institutions, with many increasing their investments in fintech for 2024 [1] - Major Chinese banks have reported substantial financial technology investments, with amounts reaching billions, indicating a strong commitment to AI and digital transformation [1] Investment in Fintech - China Construction Bank, Agricultural Bank of China, Bank of China, China Merchants Bank, and Postal Savings Bank of China have made significant fintech investments, amounting to 28.518 billion, 24.97 billion, 23.809 billion, 24.433 billion, and 11.433 billion yuan respectively for 2024 [1] Development of Financial Models - The construction of financial large models is crucial for the development of digital finance, with China Construction Bank adapting 16 versions of general large models for various business scenarios [2] - The bank's computing power has reached 62,700 servers, and its data lake storage exceeds 29 petabytes, showcasing a robust infrastructure for AI applications [2] Application of AI in Financial Services - AI models are being applied across over 200 business scenarios in major banks, significantly improving efficiency and accuracy in services such as credit approval and customer interaction [4] - For instance, the response time for customer inquiries has been reduced by 79%, and the time taken for financial analysis has been cut from 30 minutes to 5 minutes [4] User Experience Enhancement - Postal Savings Bank has integrated AI into its mobile banking services, creating a "companion-style digital employee" to enhance customer experience [5] - The bank aims to embed AI into decision-making processes and accelerate the intelligent transformation of financial services [5] Future Prospects of AI in Banking - Industry leaders believe that the application of generative AI will reshape the banking ecosystem, with significant potential for future development [6] - Agricultural Bank of China has outlined a roadmap for AI implementation, targeting specific milestones for the rollout of AI applications [6][7] Strategic Focus Areas - Agricultural Bank of China plans to leverage AI in eight key areas, including credit, risk control, and marketing, to enhance operational efficiency [7] - China Construction Bank emphasizes the importance of safety and compliance in AI model development, aiming to mitigate issues related to "model hallucination" [7]