农行呼和浩分行充分发挥"农情暖域"工会户外劳动者服务站点服务作用，将营业网点打造成有温度的便 民港湾，以专业力量传递金融温情。立冬已至，寒意渐深，总有身影在街头奔波，鼓楼成吉思汗大街支 行工作人员引导环卫工人、快递员、外卖骑手等户外劳动者前往网点休息驱寒、手机充电、餐食加热。 休息间隙，劳动者们围坐一堂，网点厅堂人员化身"金融知识宣传员"，手持金融知识宣传折页，用通俗 易懂的方言，耐心细致地讲解日常生活中必备的金融知识和常见的诈骗陷阱，并耐心解答了大家关于储 蓄、转账、养老金支取等方面的具体问题。 农行呼和浩特分行将始终践行服务初心，继续将金融知识普及与人文关怀紧密结合，把这份"金融温 度"延伸至更多群体、覆盖至更多角落。作者:李佳 转自：内蒙古晨网 （来源：内蒙古晨网） ...

Core Viewpoint - The Hang Seng Index rose by 0.17% on December 24, with southbound capital recording a total transaction amount of HKD 457.99 billion, resulting in a net sell of HKD 11.75 billion [1] Group 1: Southbound Capital Transactions - Southbound capital transactions included a total of HKD 169.12 billion for the Shenzhen Stock Connect, with a net sell of HKD 6.24 billion, and HKD 288.87 billion for the Shanghai Stock Connect, with a net sell of HKD 5.52 billion [1] - The most active stock for southbound capital was SMIC, with a total transaction amount of HKD 46.18 billion and a net buy of HKD 4.91 billion, closing up by 3.12% [1][2] - Other notable stocks included Alibaba and Tencent, with transaction amounts of HKD 30.19 billion and HKD 16.71 billion, respectively, both experiencing net sells of HKD 2.88 billion and HKD 6.11 billion [1][2] Group 2: Individual Stock Performance - The stocks with the highest net buy amounts included Agricultural Bank with HKD 1.75 billion and Hua Hong Semiconductor with HKD 1.06 billion [1] - China Mobile had the highest net sell amount at HKD 7.11 billion, closing down by 0.06% [1][2] - The stock with the longest consecutive net buy days was CSPC Pharmaceutical, with a total net buy of HKD 2.12 billion over three days [2]

Core Viewpoint - The article discusses the implementation of a new credit repair policy by the People's Bank of China, which allows for automatic credit repair for individuals with overdue debts, significantly lowering the barriers and costs associated with credit repair [1][3]. Group 1: Policy Overview - The new policy, effective from December 22, 2025, allows for the automatic removal of certain overdue information from credit reports without the need for individual applications, marking a shift towards a dual focus on both punishment and repair in the credit system [1][3]. - The policy covers various types of personal loans, including mortgages, consumer loans, and credit cards, and applies to all financial institutions connected to the central bank's credit system [6][3]. Group 2: Eligibility and Conditions - To qualify for the credit repair, overdue information must meet three criteria: it must have occurred between January 1, 2020, and December 31, 2025; the overdue amount must not exceed 10,000 RMB; and the debt must be fully repaid by March 31, 2026 [6][3]. - The automatic repair process is designed to be seamless, with the central bank's credit system identifying eligible overdue information without requiring any action from the individual [3][7]. Group 3: Implementation by Financial Institutions - Major banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, and others, have quickly adapted to the new policy by enhancing their service channels and ensuring accurate data management to facilitate the policy's implementation [9][10]. - Banks have established various channels for customers to inquire about their credit status and have emphasized the importance of confirming repayment amounts to ensure eligibility for the credit repair [11][10]. Group 4: Balancing Rights and Risk Management - The new policy aims to balance individual rights protection with financial risk management, encouraging overdue borrowers to repay their debts while helping banks recover non-performing assets [14][15]. - The policy is expected to stimulate demand for personal loans, including consumer and mortgage loans, by releasing previously constrained financing needs, thus revitalizing the credit market [15][16].

Group 1 - Semiconductor company SMIC has implemented a price increase of approximately 10% on certain production capacities due to rising demand from mobile applications and AI, as well as increased raw material costs [4] - Agricultural Bank is expected to see a narrowing of net interest margin to around 4 basis points by 2026, marking the first annual decline in single digits since 2022, which may lead to improved revenue and net profit growth for listed banks [4] - Pharmaceutical company Stone Pharmaceutical has received approval from the National Medical Products Administration of China to conduct clinical trials for its drug Daratumumab injection [4] Group 2 - Tencent Holdings will hold a board meeting on March 18, 2026, to approve the annual performance for the year ending December 31, 2025, and consider the distribution of a final dividend, if any [5] Group 3 - Recent trading data shows net buying of SMIC at 490 million, Agricultural Bank at 174 million, and Stone Pharmaceutical at 100 million, while net selling of China Mobile reached 710 million, Tencent Holdings at 611 million, and Alibaba-W at 288 million [1][3]

Group 1 - Ping An Asset Management Co., Ltd. increased its stake in Agricultural Bank of China (601288) by acquiring 44.05 million shares at a price of HKD 5.4892 per share, totaling approximately HKD 242 million [1] - Following the acquisition, the total number of shares held by Ping An Asset Management is approximately 7.69 billion, representing a holding percentage of 25.01% [1]

Core Viewpoint - Ping An Asset Management Co., Ltd. has increased its stake in Agricultural Bank of China (stock code: 01288) by acquiring 44.05 million shares at a price of HKD 5.4892 per share, totaling approximately HKD 242 million, resulting in a new holding of about 7.69 billion shares, which represents 25.01% of the bank's total shares [1] Summary by Category - **Investment Activity** - Ping An Asset Management has purchased an additional 44.05 million shares of Agricultural Bank of China [1] - The acquisition price was set at HKD 5.4892 per share, leading to a total investment of around HKD 242 million [1] - **Shareholding Structure** - Following this transaction, Ping An's total shareholding in Agricultural Bank of China has reached approximately 7.69 billion shares [1] - The new shareholding percentage stands at 25.01% of the bank's total shares [1]

Group 1 - The article highlights the transformation of production through new productive forces, showcasing how technology, such as drones in agriculture and robots in manufacturing, is reshaping the landscape of production [2] - The first episode of "Sailing China: Agricultural Bank's New Quality Journey" features insights from Guangzhou XAG Technology's unmanned farms and Shunde Jiateng Robotics' intelligent workshops, illustrating the shift from "one person managing thousands of acres" to reality and enabling materials to "run autonomously" [2] - Agricultural Bank of China has transitioned from being a "funding supporter" to an "industry builder," providing financial support ranging from 200 million yuan in R&D credit to 30 million yuan in credit support, along with customized agricultural machinery installment plans and comprehensive technology financial services [2]

Group 1 - On December 24, 2025, SMIC (00981), Alibaba-W (09988), and China Mobile (00941) were the top three companies by trading volume in the Southbound Stock Connect, with transaction amounts of 2.939 billion, 1.946 billion, and 1.041 billion respectively [1][2] - In the Shenzhen-Hong Kong Stock Connect, SMIC (00981), Alibaba-W (09988), and Tencent Holdings (00700) also ranked as the top three companies by trading volume, with transaction amounts of 1.678 billion, 1.074 billion, and 0.916 billion respectively [1][2] Group 2 - In the Southbound Stock Connect, the top ten active trading companies included SMIC (00981) with a net buying amount of 65.43 million, while Alibaba-W (09988) and China Mobile (00941) had net selling amounts of 1.57 billion and 513 million respectively [2] - In the Shenzhen-Hong Kong Stock Connect, SMIC (00981) had a net buying amount of 425 million, while Alibaba-W (09988) and Tencent Holdings (00700) recorded net selling amounts of 1.31 billion and 553 million respectively [2]

南向资金今日净卖出11.75亿港元，中国移动、腾讯控股、阿里巴巴-W分别遭净卖出7.11亿港元、6.11亿 港元、2.88亿港元。净买入方面，中芯国际、农业银行、华虹半导体净买入额位列前三，分别获净买入 4.91亿港元、1.75亿港元、1.06亿港元。 (本文来自第一财经) ...

Core Viewpoint - The People's Bank of China has introduced a new policy for one-time credit repair, allowing eligible individuals to have their overdue information not displayed in the financial credit information database, marking a shift towards a dual focus on both punishment and repair in the credit system [1][15] Group 1: Policy Overview - The policy, effective from December 22, 2025, features an "automatic enjoyment" mechanism, significantly lowering the barriers and operational costs for credit repair [2][16] - It covers various personal credit products, including mortgages, consumer loans, and credit cards, without requiring individuals to apply actively [1][15][19] - Eligible overdue information must meet three criteria: it must have occurred between January 1, 2020, and December 31, 2025, the overdue amount must not exceed 10,000 RMB, and the debt must be fully repaid by March 31, 2026 [5][20] Group 2: Implementation by Banks - Major state-owned banks, including ICBC, ABC, CCB, BOC, and others, quickly responded to the policy by optimizing service measures to ensure effective implementation [7][21] - Banks have enhanced their systems for credit report inquiries and established risk monitoring mechanisms to facilitate the policy's rollout [21][22] - Specific channels for customer inquiries and corrections have been set up by various banks to ensure quick responses to any issues [22] Group 3: Clarification on Debt Repayment - Full repayment of overdue debts requires borrowers to settle both historical overdue amounts and current monthly payments [24][25] - Banks emphasize the importance of confirming the final repayment amount with financial institutions to avoid issues with policy eligibility [25] Group 4: Balancing Rights and Risk - The new policy aims to balance individual rights protection with financial risk prevention, encouraging overdue borrowers to repay their debts and helping banks recover non-performing assets [12][26] - The policy is seen as a significant opportunity for banks to enhance their service quality and better assess borrowers' creditworthiness [27] Group 5: Economic Impact - The credit repair policy is expected to stimulate demand for personal credit products, potentially boosting the lending market [13][27] - However, the overall improvement in credit demand will require support from fiscal and real estate policies due to the current economic environment [14][27] Group 6: Distinction from Debt Forgiveness - The credit repair policy is distinct from debt forgiveness, as it requires full repayment of overdue loans before any credit record corrections are made [28]