第一章 总则 第一条 为规范中信银行股份有限公司（以下简称"本 行"）内幕信息管理，加强内幕信息保密工作，确保信息 披露的公平公正，保护本行投资人及相关当事人的合法权 益，根据《中华人民共和国公司法》《中华人民共和国证 券法》《上市公司信息披露管理办法》《上市公司监管指 引第5号——上市公司内幕信息知情人登记管理制度》 《上海证券交易所上市公司自律监管指引第2号——信息 披露事务管理》等有关法律法规和证券交易所规则，以及 《中信银行股份有限公司章程》《中信银行股份有限公司 信息披露管理办法》《中信银行商业秘密管理办法》及其 他相关管理办法，结合本行实际情况，制定本工作制度。 第三条 董事会应当保证内幕信息知情人档案真实、 准确和完整，并按照上市地证券监督管理机构、证券交易 1 所有关监管规定以及本工作制度及时登记和报送。董事长 为主要责任人。董事会秘书负责办理本行内幕信息知情人 的登记入档及报送事宜。 第四条 董事会办公室为内幕信息及内幕信息知情人 管理的日常职能部门。 第五条 负责主办或牵头主办内幕信息事项的总行部 门、分支机构负责人是相关内幕信息和内幕信息知情人管 理的责任人。 第六条 各控股子公司及本行 ...

Market Overview - On December 26, the share price of the banking sector fell by 0.18% compared to the previous trading day, with CITIC Bank leading the decline [1] - The Shanghai Composite Index closed at 3963.68, up 0.1%, while the Shenzhen Component Index closed at 13603.89, up 0.54% [1] Individual Bank Performance - Industrial Bank (601166) closed at 21.14, up 0.48% with a trading volume of 502,900 shares and a transaction value of 1.061 billion [1] - Zhejiang Commercial Bank (601916) closed at 3.05, up 0.33% with a trading volume of 517,800 shares and a transaction value of 158 million [1] - Minsheng Bank (600016) closed at 3.86, unchanged with a trading volume of 1,465,600 shares and a transaction value of 566 million [1] - Ping An Bank (000001) closed at 11.54, down 0.17% with a trading volume of 436,300 shares and a transaction value of 504 million [1] - China Merchants Bank (600036) closed at 41.70, down 0.19% with a trading volume of 508,800 shares and a transaction value of 2.124 billion [1] - Everbright Bank (601818) closed at 3.51, down 0.28% with a trading volume of 1,266,100 shares and a transaction value of 444.1 million [1] - Shanghai Pudong Development Bank (600000) closed at 11.72, down 0.42% with a trading volume of 298,200 shares and a transaction value of 350 million [1] - Huaxia Bank (600015) closed at 6.82, down 0.44% with a trading volume of 313,100 shares and a transaction value of 214 million [1] - CITIC Bank (601998) closed at 7.42, down 0.80% with a trading volume of 288,100 shares and a transaction value of 214 million [1] Fund Flow Analysis - The banking sector saw a net inflow of 448 million from main funds, while retail funds experienced a net outflow of 231 million and 217 million respectively [1] - In terms of individual banks, China Merchants Bank had a main fund net inflow of 241 million, while retail funds saw a net outflow of 79.09 million [2] - Industrial Bank had a main fund net inflow of 159 million, with retail funds experiencing a net outflow of 108 million [2] - Shanghai Pudong Development Bank recorded a main fund net inflow of 62.09 million, while retail funds had a net outflow of 776,980 [2] - Everbright Bank had a main fund net inflow of 39.78 million, with retail funds seeing a net outflow of 1.45 million [2] - Ping An Bank had a main fund net inflow of 29.27 million, while retail funds experienced a net outflow of 4.01 million [2] - Minsheng Bank had a significant main fund net outflow of 67.19 million, but retail funds saw a net inflow of 27.19 million [2]

Group 1 - The sixth Shandong Province New Materials Industry Innovation and Entrepreneurship Competition concluded successfully in Jinan, organized by various provincial departments and institutions [1] - The competition aimed to stimulate innovation, promote high-quality development in the new materials industry, and cultivate new productive forces, serving as an efficient platform for industry innovation and financial empowerment [1] - Over a hundred innovative entrepreneurial teams participated, showcasing strong innovation capabilities in the new materials sector, with projects from companies like Shandong Daon Special Elastomers and Binzhou Huafang Engineering Research Institute winning top awards [1] Group 2 - China CITIC Bank Jinan Branch was the only cooperating bank and played a significant role throughout the competition, leveraging its comprehensive financial service platform to support participating enterprises [2] - The bank provided a comprehensive technology finance service plan covering policy adaptation, investment and financing support, and industry chain collaboration, establishing connections with several outstanding participating companies [2] - Moving forward, the bank aims to deepen the integration of finance, technology, and industry, using professional industry research as a driving force to support the development of new materials and strategic emerging industries in Shandong [2]

Core Viewpoint - The collaboration between CITIC Bank Hohhot Branch and CITIC Group, termed the "CITIC Joint Fleet," is focused on high-quality development in Inner Mongolia, providing significant financial support to local enterprises and government projects [1][2]. Group 1: Financial Contributions - The "CITIC Joint Fleet" has invested nearly 10 billion yuan in local government bonds and provided over 3 billion yuan in joint financing for various enterprises in Inner Mongolia this year [1]. - The bank offers comprehensive financial support through a model that integrates commercial banking, investment banking, and financial consulting, optimizing collaboration with local governments and enterprises [1]. Group 2: Strategic Focus Areas - The bank is tailoring comprehensive financial solutions around key areas such as energy strategy, green development, and rural revitalization, advancing financial services for the real economy [2]. - The "Joint Fleet" employs a combination of loans, bonds, equity, and consulting services to support key enterprises and projects in sectors like new energy, ecological agriculture, and modern chemical industries [2]. Group 3: Future Directions - CITIC Bank Hohhot Branch plans to continue expanding the scope and depth of the "Joint Fleet," focusing on ecological protection, infrastructure development, and modern energy economy in Inner Mongolia [2].

Core Insights - The article highlights the commitment of China CITIC Bank's Baotou branch to support the development of Baotou's "two rare earth bases" and strategic emerging industry clusters by focusing on technology finance as a key area for high-quality growth [1] Group 1: Service Foundation and Mechanism - China CITIC Bank's Baotou branch has established a specialized mechanism for technology finance, offering preferential internal fund transfer pricing for technology loans, prioritizing approvals, and expediting processing to support technology enterprises throughout their growth lifecycle [2] - The bank has provided nearly 10 billion yuan in credit support to key technology enterprises in advanced manufacturing sectors such as steel, rare earth, and crystalline silicon photovoltaic [2] Group 2: Product Support and Financing Solutions - The bank addresses challenges faced by technology enterprises, such as "first loan difficulties, slow financing, and diverse needs," by leveraging core enterprise credit and utilizing supply chain financial products like "Commercial Bill e-loan, Order e-loan, and Distributor e-loan" to provide convenient financing support [3] - In the current year, the bank has disbursed a total of 3.252 billion yuan in online financing and has supported 8 specialized and innovative enterprises with approximately 100 million yuan through the "Science and Technology e-loan" product, along with an 800 million yuan stock pledge financing [3] Group 3: Digital Services and Financial Management - The bank has enhanced its digital service capabilities, having implemented the "Tianyuan Treasury" system for 8 private technology enterprises, enabling dynamic visibility of funds, one-click allocation, and automatic synchronization of financial and operational data [4] - The bank has completed nearly 200 million USD in foreign exchange transaction settlements this year, providing one-stop services for cross-border technology enterprises, including financing, settlement, and exchange rate hedging [4] Group 4: Scene Integration and Targeted Services - The bank actively integrates into the local innovation ecosystem, shifting from a passive service model to proactive engagement by collaborating with key park management committees to conduct policy briefings and business matching activities [5] - By 2025, the bank has served 68 technology enterprises, disbursed 6.8 billion yuan in technology finance loans, and achieved a loan balance exceeding 4.4 billion yuan, covering cutting-edge fields such as rare earth functional materials, new energy equipment, and intelligent manufacturing [5] - The bank's leadership emphasizes a commitment to serving the real economy and deepening technology finance to contribute to Baotou's development as a regional innovation hub and modern industrial system [5]

Core Insights - Chinese banks are expanding their overseas presence, establishing a comprehensive service network that covers major financial centers globally and key regions along the Belt and Road Initiative [1][2] - The internationalization strategy of Chinese banks has shifted from traditional markets in Europe and the US to emerging markets in Southeast Asia, the Middle East, Latin America, and countries involved in the Belt and Road Initiative [1][2] Group 1: Global Expansion Strategy - Chinese banks are utilizing representative offices, branches, and subsidiaries for overseas expansion, with larger banks often establishing branches in mature markets and starting with representative offices in emerging markets [2] - The distribution of overseas institutions shows that major state-owned banks are leading the expansion, with a focus on both traditional and emerging markets [2][4] Group 2: Performance Metrics - As of June 2025, Bank of China leads with 539 overseas branches in 64 countries, including 45 Belt and Road countries, showcasing its extensive global network [4] - Industrial and Commercial Bank of China follows with 413 overseas institutions in 49 countries, including 250 in Belt and Road countries, demonstrating a flexible international strategy [4] - Agricultural Bank of China has established 13 branches and 4 representative offices, focusing on supporting high-quality Belt and Road initiatives [4] Group 3: Revenue Growth and Market Dynamics - In the first half of 2025, Bank of China reported overseas revenue of 783.13 billion yuan, a 14.4% increase from the previous year, with overseas revenue accounting for 23.77% of total revenue [12] - Industrial and Commercial Bank of China's overseas revenue was 562.52 billion yuan, showing a slight decline of 1.88%, while Agricultural Bank of China experienced a 21.03% increase [12][11] - The growth of overseas revenue among joint-stock banks, such as Shanghai Pudong Development Bank, which saw a 119.37% increase, highlights the varying performance across banks [14] Group 4: Challenges and Future Directions - Chinese banks face regulatory challenges in overseas markets, including compliance with both domestic and foreign regulations, which can lead to significant penalties [15] - The demand for diversified financial services is evolving, with a shift from traditional trade financing to more complex needs such as global treasury management and cross-border mergers [16] - Future competitiveness will depend on enhancing global collaboration, local operational capabilities, compliance risk management, and financial technology innovation [18][19]

Group 1 - Zhejiang's innovation capability has ranked fourth nationally for four consecutive years, with R&D investment intensity increasing from 2.77% in 2020 to a projected 3.22% in 2024 [1] - CITIC Bank Hangzhou Branch has served nearly 8,000 technology enterprises, with a comprehensive financing scale of nearly 400 billion yuan, significantly contributing to the cultivation of new productive forces and the upgrading of the technology industry [1][3] - The bank has established a "six specialized system" to enhance its technology finance services, including dedicated teams, specialized resources, and proprietary product services [2] Group 2 - CITIC Bank Hangzhou Branch has launched specialized products such as Talent Loans and Technology Achievement Transformation Loans, which assess technology enterprises based on their technical strength and talent value rather than traditional financial metrics [2][3] - The bank has facilitated over 300 billion yuan in comprehensive financing for more than 1,000 hard technology enterprises in the past three years, with eight companies achieving initial public offerings in 2024 [3] Group 3 - The bank has built an integrated service system that includes collaboration with securities firms, equity investment institutions, and research institutes to provide comprehensive services for technology enterprises [4] - In March 2023, the bank issued a 100 million yuan merger loan for a key "little giant" enterprise, demonstrating its commitment to supporting high-tech sectors [4] Group 4 - CITIC Bank Hangzhou Branch has established a cross-border service office to provide comprehensive financing services, including equity and debt financing for technology enterprises [5] - The bank has set up a 100 billion yuan industry fund in collaboration with local governments and a 50 billion yuan precision manufacturing industry fund with partners, contributing to the capital needs of Zhejiang's advanced manufacturing cluster [6] Group 5 - The bank has successfully launched the first technology achievement transformation loan, providing nearly 10 million yuan to a research transformation enterprise, setting a benchmark for financial support in technology transfer [7] - CITIC Bank Hangzhou Branch's collaborative network with local universities and investment institutions aims to support the financing needs of technology enterprises in Zhejiang [7]

Core Viewpoint - The board of directors of CITIC Bank held a meeting on December 24, 2025, where several key resolutions were passed, including the approval of the 2026 audit project plan and the implementation of expected credit loss methods [1][2][3][4][5]. Group 1: Meeting Resolutions - The board approved the 2026 audit project plan with a unanimous vote of 10 in favor [1]. - The proposal regarding the implementation of expected credit loss methods was also approved unanimously with 10 votes in favor [1]. - The revision of the Capital Management Measures was passed with 10 votes in favor [1]. - The authorization plan for the chairman of the board for 2026 was approved with 8 valid votes, as the chairman recused himself due to a conflict of interest [1][2]. - The authorization plan for the president for 2026 received 9 votes in favor, with one director recusing himself due to a conflict of interest [2]. - The revision of the board's specialized committee meeting rules was approved unanimously with 10 votes in favor [3]. - The 2024 employee compensation settlement plan was approved unanimously with 10 votes in favor [4]. - The performance assessment and compensation distribution plan for senior executives for 2023 received 9 votes in favor, with one director recusing himself due to a conflict of interest [4][5]. Group 2: Independent Directors' Opinions - The independent directors expressed that the performance assessment and compensation distribution plan for senior executives was based on the bank's actual operating conditions and did not harm the interests of the bank or its shareholders, complying with relevant laws and regulations [5][6].

Core Viewpoint - The personal housing mortgage business loan market in Shenzhen is experiencing a resurgence of low interest rates, with the minimum rate dropping to 2.35%, which is 65 basis points lower than the current one-year LPR of 3% [2][3]. Group 1: Interest Rates and Loan Conditions - The minimum interest rate for personal housing mortgage business loans has reached 2.35% across multiple banks in Shenzhen, including Zhuhai Huaren Bank, Zhejiang Commercial Bank, and CITIC Bank [2]. - Different banks have established varying thresholds for loan amounts, loan-to-value ratios, and eligibility criteria, leading to a competitive landscape [3][4]. - The maximum loan amount varies significantly among banks, with CITIC Bank and China Merchants Bank offering up to 30 million yuan, while Zhejiang Commercial Bank and Industrial and Commercial Bank of China have a cap of 20 million yuan [3][4]. Group 2: Risk Factors and Regulatory Concerns - Experts have raised concerns about potential risks associated with low interest rates, including the risk of fund misallocation and regulatory loopholes that could allow funds to flow into the real estate market [4][6]. - The banking sector faces increased pressure on profitability due to declining interest rates, which could impact asset quality and operational stability, particularly for smaller banks [6]. - Regulatory measures have been introduced to guide the industry towards standardized development, emphasizing the need for compliance and risk management [6][7]. Group 3: Economic Implications - The reduction in personal housing mortgage business loan rates is seen as a necessary response to current economic conditions, aimed at supporting small and micro enterprises and stabilizing economic growth [5]. - Lower interest rates are expected to stimulate credit demand, enhance loan willingness among enterprises, and promote the rational flow and optimization of funds [5]. - Banks are encouraged to innovate and develop more financial products tailored to small and micro enterprises to enhance their market share and service capabilities [5].

Core Viewpoint - CITIC Bank announced the approval of multiple proposals by its board of directors, including the "CITIC Bank 2026 Annual Audit Project Plan" [1] Group 1 - The board of directors of CITIC Bank has reviewed and approved the audit project plan for the year 2026 [1]