7月31日，国务院常务会议部署实施个人消费贷款贴息政策与服务业经营主体贷款贴息政策。 8月2日，工行银行发布公告称，为深入贯彻党中央、国务院决策部署，降低居民信贷成本和服务业经营主体融资成本，更好激发消费潜力、提升市场活 力，该行正在依法依规、积极有序推进个人消费贷款与服务业经营主体贷款贴息政策的组织实施工作。 此外，建设银行8月2日也发文称，建设银行认真贯彻落实党中央、国务院决策部署，年初即率先在金融系统启动实施以"提振消费扩内需 消费金融在行 动"为主题的消费金融专项行动，做强做优金融供给，助力促消费扩内需。以"建行生活"平台为依托，积极参与国家消费补贴资金发放，探索"政府补贴 +金融权益"联动服务方式。综合运用多样化消费信贷产品，加力支持汽车、家电、家装等以旧换新重点消费领域。发挥集团消费金融服务整体优势，探 索打造场景化消费金融新模式，促进与各类消费业态深度融合，助力释放服务消费潜力。聚焦以服务业为代表的广大市场主体，深度融合线上线下服务模 式，打造"建行惠懂你"综合化生态服务平台，为服务业经营主体创新推出专属信贷产品，持续加大普惠金融信贷供给力度，有力增强市场主体发展信心和 动力。 建设银行将按照上 ...

Investment Rating - The report maintains a "Recommended" investment rating for the banking sector, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [24]. Core Insights - The introduction of new VAT regulations on bond interest income is expected to favor older bonds, as they remain exempt from VAT, thus enhancing their attractiveness and potentially driving up their prices [2][3]. - The banking sector's dividend yield is projected to be around 3.8% in 2025, significantly higher than the 10-year government bond yield of approximately 1.7%, highlighting the advantages of high-dividend assets in a declining interest rate environment [3][8]. - The report emphasizes the importance of strategic allocation within the banking sector, particularly focusing on state-owned banks and select regional banks with strong asset quality and dividend policies [8]. Summary by Sections Market Overview - The report notes a decline in major indices, with the Shanghai Composite Index down by 0.94% and the ChiNext Index down by 0.74% during the week of July 28 to August 3, 2025 [7]. - The average daily trading volume in the A-share market was 11,292.71 billion yuan, reflecting a decrease of 7.96% compared to the previous week [7]. Bond Market Impact - The new VAT regulations apply only to newly issued government bonds, local bonds, and financial bonds, while existing bonds continue to enjoy tax exemptions, making them more favorable for banks [2]. - The proportion of government and policy financial bonds held by major banks exceeds 70%, indicating a strong focus on these assets [2]. Investment Recommendations - The report suggests a diversified investment strategy focusing on high-dividend banks, particularly large state-owned banks and stable joint-stock banks like China Merchants Bank and CITIC Bank [8]. - It also highlights the potential for improved return on equity (ROE) in undervalued joint-stock banks, recommending attention to banks like Shanghai Pudong Development Bank [8]. Company Earnings Forecasts - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for key banks, with recommendations for several banks based on their projected performance [9]. - For instance, China Merchants Bank is expected to have an EPS of 5.86 yuan in 2025 with a PE ratio of 7.58, indicating a strong investment case [9].

7月31日，国务院常务会议部署实施个人消费贷款贴息政策与服务业经营主体贷款贴息政策。会议指 出，对个人消费贷款和服务业经营主体贷款进行贴息，有利于通过财政金融联动方式，降低居民信贷成 本和服务业经营主体融资成本，更好激发消费潜力、提升市场活力。要抓好贴息政策组织实施，加强部 门协同，简化办理手续，推动政策尽快落地，同时严格监管提高资金使用效益，确保财政资金用好用到 位。 贷款贴息政策在降低融资成本上常常发挥出显著效果。早在今年全国两会期间，财政部就已宣布将新增 实施两项贷款贴息政策，分别对重点领域的个人消费贷款给予财政贴息，对餐饮住宿、健康、养老、托 幼、家政等与老百姓生活密切相关领域的经营主体贷款分类给予贴息。 中国社科院世界经济与政治研究所副所长张斌接受证券时报记者采访时曾表示，两项贴息政策具有杠杆 撬动作用，从供需两端提振消费。前者带动了对终端产品的需求，后者将增强公共服务供给能力。 8月2日，工行银行发布公告称，为深入贯彻党中央、国务院决策部署，降低居民信贷成本和服务业经营 主体融资成本，更好激发消费潜力、提升市场活力，该行正在依法依规、积极有序推进个人消费贷款与 服务业经营主体贷款贴息政策的组织实施 ...

【导读】段红涛已任工商银行党委副书记 中国基金报记者 王思文 据中国工商银行官方微信公众号消息，7月30日，工商银行2025年党建暨年中经营管理工作会议在北京召开。党委书记、董事长廖林出席 会议并讲话，党委副书记、行长刘珺作经营分析报告，党委副书记段红涛主持会议。 上述消息显示，此前担任工商银行副行长的段红涛已任工商银行党委副书记。 段红涛于1969年5月出生，毕业于武汉理工大学，获管理学博士学位，正高级经济师。在加入中国工商银行前，段红涛一直在中国建设银 行工作，历任湖北省分行长江支行行长、省分行合规部总经理、人力资源部总经理，2009年7月起历任建行湖北省分行行长助理、副行 长，2014年12月任青岛市分行行长，2016年8月任山东省分行行长，2020年10月任建行总行办公室主任。 2023年3月，段红涛任工行副行长。2024年8月，段红涛兼任工行董事会秘书，同时兼任该行秘书和授权代表。 值得一提的是，工行党委书记、董事长廖林也是建行出身。2003年11月至2017年3月，廖林历任中国建设银行广西分行副行长，宁夏分行 行长、湖北分行行长、北京市分行行长。2019年11月，时任建行副行长、首席风险官（兼）的 ...

新华财经北京8月3日电（成玲丽可达叶海成）工行河北省分行持续深化数字金融创新，不断探索更多数 字化服务模式和产品，推动金融与数字技术深度融合。 据工行河北省分行金融科技部相关负责人介绍，工行河北省分行的数字金融主要从两个方面推动，一是 对外服务客户，二是对内服务管理，通过数字化战略、数字化驱动、数字化服务、数字化赋能、数字化 培育等五个数字化核心举措实现数字金融大文章的新突破。 数字工行持续发力提升金融服务客户体验 据悉，截至2025年6月底，工行河北省分行个人手机银行客户总量达2899万户，企业网上银行客户总量 116万户。 "没想到工行远程在线服务办理业务竟然这么方便！"石家庄的刘女士感慨道。 据了解，远程在线服务模式是工商银行秉持"金融为民"理念，依托企业级即时通讯、数字媒体服务能 力，深度应用数字化、智能化技术，创新打造的网点全新对客服务模式。 在远程在线模式下，专业团队通过实时音视频，"屏对屏"为网点到店客户提供业务处理服务，复杂业 务、专业性强的业务"远程办专家办"，对公账户开户笔均用时减少30%，单位客户信息变更、个人账户 解锁、财富继承等复杂业务笔均用时减少近70%。据悉，目前工行河北省分行全 ...

Core Viewpoint - Industrial and Commercial Bank of China (ICBC) is actively implementing a personal consumption loan and service industry loan interest subsidy policy, adhering to market-oriented and legal principles [1] Group 1 - ICBC is advancing the organization and implementation of the loan interest subsidy policy in a lawful and orderly manner [1] - The bank aims to optimize the application process and simplify procedures to expedite policy implementation [1] - Detailed implementation guidelines, including application channels and operational instructions, will be announced through ICBC's official website, branches, and official WeChat account [1]

特此公告。 感谢您长期以来给予我行的大力支持! 转自：北京日报客户端 中国工商银行关于个人消费贷款与服务业经营主体贷款贴息工作的公告 尊敬的中国工商银行客户： 为深入贯彻党中央、国务院决策部署，降低居民信贷成本和服务业经营主体融资成本，更好激发消费潜 力、提升市场活力，我行正在依法依规、积极有序推进个人消费贷款与服务业经营主体贷款贴息政策的 组织实施工作。 我行将坚持市场化、法治化原则，优化办理流程，简化办理手续，推动政策尽快实施。具体办理渠道、 操作指引等实施细则后续将通过中国工商银行官网、营业网点、官方微信公众号等渠道公布，敬请留 意。 中国工商银行股份有限公司 2025年8月2日 来源：中国工商银行 ...

Group 1 - The People's Bank of China Tianjin Branch reported that cross-border RMB payments in Tianjin reached 275.5 billion yuan in the first half of the year, marking a strong year-on-year growth of 19.3% [1] - Multiple integrated, innovative, and convenient cross-border RMB policies continue to empower the high-quality development of Tianjin's economy [1] - The Tianjin Branch facilitated a 220 million yuan overseas loan to the China-Egypt TEDA Suez Economic and Trade Cooperation Zone, effectively opening up the cross-border RMB funding channel between China and Egypt [1] Group 2 - To support the development of shipping finance, the Tianjin Branch, in collaboration with the municipal financial office, introduced special cross-border RMB incentive policies to enhance financial support for the integration of port, industry, and city [2] - The Tianjin Branch guided banks to innovate nearly 20 shipping finance products to meet diverse corporate needs [2] - As of July 31, five banks in Tianjin have launched the Free Trade Account (FT Account) system, providing more service options and financing channels for enterprises [2]

Group 1 - The Hang Seng Index (HSI) closed at 24,337.44, down by 170.37 points or 0.70% [1] - Major blue-chip stocks mostly declined, with HSBC Holdings closing at HKD 96.348, up by 1.15% compared to the Hong Kong close, while Tencent Holdings closed at HKD 533.076, down by 0.36% [2] Group 2 - The ADR performance of major companies showed mixed results, with Tencent Holdings down by 0.36% to HKD 533.076, and HSBC Holdings up by 1.15% to HKD 96.348 [3] - Other notable declines included BYD Company down by 3.74% to HKD 111.859, and Kuaishou Technology down by 5.30% to HKD 70.648 [3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01398 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 86,794,044,550 | RMB | | 1 RMB | | 86,794,044,550 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 86,794,044,550 | RMB | | 1 RMB | | 86,794,044,550 | | 2. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | ...