Core Viewpoint - Major banks in China have decided to abolish their supervisory boards, transferring their functions to the audit committee of the board of directors, which is seen as a move to optimize corporate governance and reduce costs [7][8][9] Group 1: Decision and Implementation - The five major banks have announced that they will no longer establish supervisory boards, a decision approved at the 2024 annual general meeting held on June 27, 2025, and recently sanctioned by the National Financial Regulatory Administration [7] - Postal Savings Bank has also proposed to abolish its supervisory board and related committees, with the audit committee of the board taking over these responsibilities, pending shareholder approval [8] Group 2: Rationale and Expert Opinions - Industry experts suggest that the functions of supervisory boards overlap with those of the audit committee, particularly the independent directors, making the abolition a strategic choice to enhance governance flexibility and efficiency [8] - The decision to eliminate supervisory boards is viewed as a way to maintain effective corporate governance while lowering governance costs, according to a leading expert from the Shanghai Financial and Development Laboratory [8] Group 3: Regulatory Framework - The revised Company Law allows companies to establish audit committees within the board of directors to perform the functions of supervisory boards, a change that has been recognized by the National Financial Regulatory Administration [9] - Besides the six major banks, several other national joint-stock banks and local commercial banks have also announced the abolition of their supervisory boards [9]

在表彰风采纪实中，郭颖被认为在一线工作中是敢打硬仗的"排头兵"，据介绍，他在担任支行行长期 间，成功克服大额不良劣变影响，带领支行实现贷款增长超百亿。在中后台管理岗位，他被称为善解难 题的"多面手"，筹建档案服务点，以创新思维破解管理难题。 采写：南都·湾财社记者 黄顺威 记者从相关人士处获悉，郭颖此前曾任工商银行广州分行机构金融业务部总经理。据"工行广州"公众号 信息，郭颖是一名"80后"干部，曾获2024年度工商银行总行级青年五四奖章。 近日，广东金融监管局发布的行政许可批复显示，核准郭颖工商银行广州分行副行长的任职资格；该行 应要求上述核准任职资格人员严格遵守金融监管总局有关监管规定，自该行政许可决定作出之日起3个 月内到任，并按要求在到任后10日内报告到任情况。 ...

9月以来，A股上市银行2025中期分红正在持续落地。 近日，沪农商行、长沙银行发布了2025年半年度权益分派实施公告，两家银行均于9月26日 发放现金红利。其中，沪农商行对普通股每股派发0.241元（含税），共计派发23.24亿元； 长沙银行每股派发0.2元（含税），共计派发8.04亿元。除了上述两家银行，常熟银行、民生 银行、苏农银行2025年中期分红方案均已派发完毕。 截至目前，已有17家A股上市银行发布2025年中期利润分配方案，其中，六家国有大行现金 分红总额合计达2046.57亿元，工行派发超500亿元，农行及建行均超400亿元，延续"大手 笔"分红。 17家银行公布中期分红方案，5家已落地 9月20日，沪农商行发布2025年半年度权益分派实施公告，其中显示，该行此次对普通股每 股派发现金红利0.241元（含税），共计派发现金红利23.24亿元，派发时间为9月26日。 实际上，在此次分红潮中，多家银行首次明确实施中期分红，包括招商银行、常熟银行、宁 波银行、苏农银行、张家港行、江阴银行、长沙银行等多家上市行。 其中，招商银行在半年报中指出，2025年度中期利润分配现金分红金额占半年度归属于该行 普通 ...

Group 1 - Industrial Bank has been innovating products and services to meet the financial needs of private clothing enterprises, enhancing the vitality of the garment manufacturing industry [1] - The "Su Chao" sports event has led to a surge in demand for sports apparel, with a local sports goods company reporting a daily shipment of 15,000 pieces [1] - The company faced challenges in raw material procurement funding, prompting Industrial Bank to provide a tailored financing solution, successfully issuing over 9 million yuan in loans [1] Group 2 - The Fumian Ecological Textile and Apparel Industrial Park in Guangxi has developed into a renowned denim production base, known as the "World Pants Capital" [2] - A local entrepreneur faced funding issues during a critical production period, which led to a temporary halt in operations [2] - Industrial Bank's timely intervention through the "Industrial e-loan" product provided nearly 10 million yuan in loans within a week, resolving the entrepreneur's urgent financial needs [2] Group 3 - The shoe manufacturing industry in Yanshi District, Henan, is being supported for technological innovation and product development [3] - A shoe factory has invested in automated knitting machines to enhance production efficiency, but faced financial pressure due to increasing order volumes [3] - Industrial Bank introduced the "Shoe and Hat Knitting Loan" to address the company's funding needs, resulting in a loan of 3 million yuan that boosted the company's confidence in product development [3]

Group 1 - The financial education campaign week is a joint initiative launched by the National Financial Regulatory Administration, the People's Bank of China, and the China Securities Regulatory Commission, aimed at promoting financial knowledge and risk awareness among the public [1] - The theme of the campaign is "Protecting Financial Rights and Supporting a Better Life," with the core objective of enhancing public risk prevention capabilities and creating a healthy financial ecosystem in Gansu Province [1][3] - The Industrial and Commercial Bank of China (ICBC) Gansu Branch is actively participating in the campaign by collaborating with local banks, insurance, and securities institutions to deliver financial education activities [1][3] Group 2 - The ICBC Gansu Branch has set up a booth with materials on preventing telecom fraud, financial suitability principles, and avoiding illegal fundraising, which are designed to be easily understood by the public, including the elderly [3] - The bank plans to deepen financial education outreach by utilizing its extensive network of branches and specialized education teams to provide tailored services to different demographics [3] - The initiative includes a "Five Entering" series of activities aimed at reaching rural areas, communities, enterprises, campuses, and business circles, establishing a comprehensive financial education network across various levels [3]

Core Viewpoint - The recent administrative penalties imposed on five banks in Beijing highlight the ongoing regulatory focus on compliance in credit operations, particularly regarding the "three checks" system in loan management [1][2][5]. Group 1: Regulatory Actions - Five banks, including major state-owned banks and joint-stock banks, were fined 350,000 yuan each for violations related to loan management, specifically the "three checks" system [1][2][4]. - The "three checks" system, which includes pre-loan investigation, in-process review, and post-loan inspection, is crucial for managing loan risks and ensuring asset quality [2][3]. Group 2: Systemic Risks and Challenges - Inadequate management of working capital loans can lead to misuse of funds and potential systemic financial risks if multiple banks face similar issues [3][4]. - The penalties reflect a broader industry challenge, indicating that loan management problems are not isolated incidents but rather a common issue across the banking sector [4]. Group 3: Regulatory Environment and Future Directions - The regulatory authority has emphasized the importance of compliance and risk management in credit operations, with a focus on enhancing internal controls within banks [5][6]. - Future regulatory measures are expected to diversify, incorporating tools like window guidance and stress testing to create a multi-layered regulatory framework [5]. Group 4: Cultural and Mechanism Reforms - The penalties serve as a catalyst for banks to rethink their internal assessment criteria, ensuring that compliance and asset quality are prioritized alongside growth metrics [6]. - The adoption of advanced technologies such as big data and artificial intelligence is necessary to improve the efficiency and effectiveness of the "three checks" system [6].

Market Overview - The Hang Seng Index (HSI) closed at 26,253.57, up by 125.37 points or 0.48% as of September 26, 16:00 [1] - The index reached a high of 26,319.20 and a low of 26,156.64 during the trading session, with a trading volume of 63.71 million [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 108.633, an increase of 1.081% from the previous close [2] - Tencent Holdings closed at HKD 648.733, up by 0.73% compared to the last trading session [2] ADR Performance Summary - Tencent Holdings (ADR: TCEHY) increased by HKD 4.733, or 0.73% [3] - Alibaba Group (ADR: BABA) rose by HKD 0.672, or 0.40% [3] - HSBC Holdings (ADR: HSBC) saw an increase of HKD 1.933, or 1.81% [3] - Xiaomi Group (ADR: XIACY) gained HKD 0.584, or 1.07% [3] - AIA Group (ADR: AAGIY) increased by HKD 0.222, or 0.31% [3] - Meituan (ADR: MPNGY) rose by HKD 0.534, or 0.53% [3] - Ctrip Group (ADR: TCOM) increased by HKD 8.120, or 1.39% [3] - JD.com (ADR: ID) rose by HKD 1.696, or 1.28% [3]

Core Viewpoint - The major state-owned banks in China are abolishing their supervisory boards, transitioning to a governance structure led by audit committees, which is expected to enhance management professionalism and independence [1][2][3]. Group 1: Announcement of Supervisory Board Abolishment - On September 25, five major state-owned banks, including Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, and Bank of Communications, announced the receipt of regulatory approval to abolish their supervisory boards [2]. - This decision has been in the works for some time, with proposals to eliminate supervisory boards appearing in board resolutions as early as April 29 [2]. - Other banks, such as Shanghai Rural Commercial Bank and China Merchants Bank, are also expected to follow suit, with nearly 20 institutions planning to abolish their supervisory boards this year [1][3]. Group 2: Legal and Regulatory Framework - The new Company Law allows limited liability companies to establish audit committees within the board of directors to exercise the functions of supervisory boards, providing a legal basis for banks to abolish their supervisory boards [3]. - The National Financial Regulatory Administration has indicated that financial institutions can choose to replace supervisory boards with audit committees, aligning regulatory policies with legal revisions [3][4]. Group 3: Internal Governance Structure Post-Abolishment - The banks will adopt a single-tier governance structure led by audit committees, which will be composed mainly of independent directors, enhancing supervisory efficiency through professional division of labor [4]. - The transition to audit committees is expected to improve the professionalism and independence of oversight functions, although it will depend on the effective operation of these committees [5].

Core Viewpoint - The Wanjiac Zhongzheng Hong Kong Stock Connect Central Enterprise Dividend ETF (159333) has shown a positive performance with a closing increase of 0.65% on September 26, 2024, and a trading volume of 17.6977 million yuan [1] Fund Overview - The fund was established on August 21, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of September 25, 2024, the fund's total shares stood at 380 million, with a total size of 525 million yuan, reflecting a decrease of 11.83% in shares and an increase of 2.22% in size compared to December 31, 2024 [1] Liquidity Analysis - Over the last 20 trading days, the ETF recorded a cumulative trading amount of 580 million yuan, with an average daily trading amount of 29.0115 million yuan [1] - Since the beginning of the year, the ETF has accumulated a trading amount of 7.238 billion yuan over 181 trading days, averaging 39.9865 million yuan per day [1] Fund Management - The current fund manager, Yang Kun, has managed the ETF since its inception, achieving a return of 38.74% during the management period [2] - The ETF's top holdings include major companies such as COSCO Shipping Holdings, Orient Overseas International, CITIC Bank, China Petroleum, and others, with specific holding percentages detailed [2]

国有大行集体公告 日前，中国银行、工商银行、农业银行、建设银行和交通银行均公告宣布，其公司章程修订已获得国家金 融监督管理总局核准，并据此正式不再设立监事会，转由董事会下设的审计委员会承接原属监事会的法定 职责。 9月25日，中国银行、农业银行、工商银行、建设银行、交通银行均发布关于不再设立监事会的公告 称，公司章程修订已获监管核准，不再设立监事会。 日前，邮储银行发布关于召开2025年第二次临时股东大会的通知显示，将于10月9日上午召开的股东大会 上审议关于该行不再设立监事会的议案。 这意味着，六大国有行全部取消监事会。 具体来看，各家银行的改革步骤高度一致。中国银行、工商银行、农业银行、建设银行和交通银行均于 2025年6月27日召开的2024年度股东大会上，审议批准了关于修订公司章程以及不再设立监事会的相关 议案。各家银行表示，陆续于近日收到了国家金融监督管理总局同意章程修订的批复文件。 随着新章程获得监管核准，相关调整正式生效。中国银行、农业银行在章程核准之日起即不再设立监事 会；建设银行和交通银行则明确了具体的生效日期，分别为2025年9月23日和9月25日。改革的核心内容 是，原由监事会行使的、依 ...