Core Viewpoint - The article highlights the significant cash dividends being distributed by companies in the Shanghai stock market, particularly focusing on the banking sector, which is leading the trend of pre-Spring Festival cash distributions to investors [3][4]. Group 1: Cash Dividends Distribution - Nearly 20 companies in the Shanghai market are set to distribute a total of 25.8 billion yuan in cash dividends before the Spring Festival [3]. - From December 2025 to the pre-Spring Festival period, the total cash dividends distributed by the Shanghai market will exceed 347.6 billion yuan, with 321.8 billion yuan already distributed by February 5 [3]. - Industrial Bank is set to distribute over 11.9 billion yuan in cash dividends to A-share investors, with a per-share cash dividend of 0.565 yuan (tax included) [3]. Group 2: Banking Sector Performance - The banking sector is the main contributor to cash distributions, with nine banks, including Industrial Bank, Jiangsu Bank, and China Merchants Bank, announcing a total of nearly 70 billion yuan in cash dividends for the first half of 2025 [3][4]. - China Merchants Bank announced a cash dividend of approximately 25.5 billion yuan (tax included) for A+H shares, with a distribution ratio of 35% [3]. Group 3: Other Industries - Other traditional industries are also participating in cash distributions, with companies like Yangtze Power and Da Ren Tang planning to issue cash dividends before the Spring Festival [4]. - Yangtze Power will distribute over 5.1 billion yuan in cash dividends on February 12, having committed to a high cash dividend ratio since 2016 [4]. - Da Ren Tang announced a cash dividend of 2.45 yuan per share (tax included), totaling 1.887 billion yuan, with a cumulative cash dividend of 5.117 billion yuan since its listing [5]. Group 4: Regulatory Environment and Investor Sentiment - Industry insiders note that the continuous strengthening of cash dividend regulations and disclosure requirements by regulatory authorities is enhancing shareholder return awareness among listed companies [6]. - Investors are increasingly inclined to choose companies that can withstand economic cycles and are willing to consistently return value to shareholders, marking a significant trend in value investing [6].

来源：中国工商银行 来源：中国工商银行 2月4日，工商银行党委副书记、行长刘珺在郑州拜会河南省委书记刘宁，省委副书记、省长王凯，双方 就深化政银合作、推动河南经济社会高质量发展进行会谈。河南省委常委、副省长张敏，河南省人大常 委会党组副书记、副主任，省委秘书长陈星参加会见。 同日，刘珺还拜会了河南省委常委、郑州市委书记安伟，并赴郑州航空港区与河南省人大常委会党组副 书记、副主任，郑州航空港区党工委书记江凌举行工作会谈。 工商银行深入学习贯彻习近平总书记在河南考察时的重要讲话精神和对河南工作的重要指示批示精神， 以服务国家战略、支持地方发展为己任，不断加大融资投放力度，以领军银行姿态做好金融"五篇大文 章"。工商银行将深入贯彻落实党的二十届四中全会精神和中央经济工作会议精神，围绕河南所需、工 行所能进一步加大要素资源投入，充分发挥资金、创新、场景和国际化等优势，提供全面金融解决方 案，助力巩固壮大实体经济根基，为奋力谱写中原大地推进中国式现代化新篇章贡献力量。 2月4日，工商银行党委副书记、行长刘珺在郑州拜会河南省委书记刘宁，省委副书记、省长王凯，双方 就深化政银合作、推动河南经济社会高质量发展进行会谈。河南省 ...

Core Insights - The "Shared Big Market · Export China" event for 2026 was held in Beijing, attended by key officials including the Minister of Commerce and the Mayor of Beijing, along with over 150 international guests [1][3]. Group 1: Financial Solutions - Industrial and Commercial Bank of China (ICBC) launched a comprehensive financial solution (CFS) to support the "Export China" initiative, leveraging its global network to provide robust financial services for foreign enterprises entering the Chinese market [1][3]. - The CFS includes integrated international settlement, trade financing, exchange rate and interest rate management, and comprehensive cross-border e-commerce services, aiming to enhance the integration of capital, trade, and information chains [1][3]. Group 2: Strategic Initiatives - ICBC is committed to implementing the spirit of the 20th National Congress of the Communist Party and the trade power strategy, having conducted the "Spring融行动" for several years to strengthen financial support for foreign trade enterprises [4]. - By 2025, ICBC is expected to have processed over 3.3 trillion USD in international settlements and provided over 1 trillion CNY in trade financing for foreign trade enterprises [4]. Group 3: Event Background - The "Shared Big Market · Export China" series was initiated by the Ministry of Commerce and officially launched in November 2025, representing a pragmatic effort to expand autonomous openness and promote balanced import and export development [2][4].

2月5日，工商银行官微披露，2025年，累计为外贸企业办理国际结算超3.3万亿美元，提供贸易融资超 万亿元。 ...

2月4日，省委书记刘宁、省长王凯在郑州会见中国工商银行党委副书记、行长刘珺一行。 刘宁、王凯代表省委、省政府向刘珺一行表示欢迎，对中国工商银行给予河南金融事业发展的支持表示 感谢。刘宁说，去年以来，全省上下把深入贯彻习近平总书记在河南考察时重要讲话精神和关于河南工 作的重要论述作为重要政治任务，与学习贯彻党的二十届四中全会精神结合起来，聚焦"1+2+4+N"目标 任务体系，加力增优势、增动能、增活力、增效益，全省经济社会发展态势良好。我们认真学习贯彻习 近平总书记关于金融工作的重要论述，扎实做好金融"五篇大文章"，统筹做好防风险、强监管、促高质 量发展各项工作，金融服务实体经济质效持续提升。"十五五"时期是我省发展扬长补短、全面崛起的关 键阶段，各类金融需求旺盛。希望中国工商银行充分发挥国有大行领军功能和资源优势，积极开展多层 次、全方位金融合作，在重大国家战略实施、现代化产业体系建设、融入服务全国统一大市场等方面提 供更多帮助，吸引更多优质企业落户中原，助力河南经济社会高质量发展。我们将一如既往支持中国工 商银行在豫发展，持续优化金融生态、营造良好环境，共同开创政银携手、互利共赢新局面。 刘珺感谢河南省委、 ...

Core Viewpoint - The report from BOC International indicates that the Chinese banking sector remains stable with attractive valuations, maintaining an "overweight" rating, with a preference for Industrial and Commercial Bank of China (ICBC) [1] Group 1: Investment Outlook - Investors are expected to focus on H-shares of banks this year due to their low valuations and solid fundamentals, with an anticipated dividend yield of approximately 5.46%, which is significantly higher than the one-year RMB deposit rate of 1.5% and the one-year HKD deposit rate of about 3% [1] - Looking ahead to 2026, it is anticipated that policymakers will continue to promote accommodative monetary policy and proactive fiscal policy, leading long-term investors to closely monitor H-share bank stocks [1] Group 2: Preferred Stocks - Among Chinese bank stocks, ICBC is favored due to its relatively low valuation compared to peers [1] - Recommendations include "buy" ratings for Agricultural Bank of China (1288.HK), China Merchants Bank (3968.HK), China Construction Bank (0939.HK), Postal Savings Bank of China (1658.HK), and China Everbright Bank (6818.HK) [1]

二、中国工商银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，自中国工商银行 政许可决定作出之日起3个月内到任，并按要求及时报告到任情况。未在上述规定期限内到任的，本批 复文件失效，由决定机关办理行政许可注销手续。 三、中国工商银行应督促上述核准任职资格人员持续学习和掌握经济金融相关法律法规，牢固树立风险 合规意识，熟悉任职岗位职责，忠实勤勉履职。 2026年1月28日，临汾金融监管分局发布批复称，《中国工商银行（601398）山西省分行关于张建伟同 志任职资格审核的请示》（工银晋报〔2025〕197号）收悉。经审核，现批复如下： 一、核准张建伟中国工商银行临汾分行副行长的任职资格。 ...

Core Insights - The "2025 Hurun China 500" report highlights TSMC as the highest-valued private enterprise in China, with a valuation increase of 3.5 trillion RMB, reaching 10.5 trillion RMB [1][4] - Tencent follows as the second highest, with a valuation growth of 1.9 trillion RMB, totaling 5.3 trillion RMB [1][4] - ByteDance ranks third, increasing its value by 1.8 trillion RMB to 3.4 trillion RMB [1][4] - Xiaomi enters the top ten for the first time, with a valuation increase of 357 billion RMB, reaching 1 trillion RMB [1][4] Top Ten Private Enterprises - TSMC: Valuation of 105,000 million RMB, growth of 50% [2][5] - Tencent: Valuation of 53,300 million RMB, growth of 56% [2][5] - ByteDance: Valuation of 34,000 million RMB, growth of 109% [2][5] - Alibaba: Valuation of 27,000 million RMB, growth of 75% [2][5] - CATL: Valuation of 18,600 million RMB, growth of 59% [2][5] - Pinduoduo: Valuation of 13,200 million RMB, growth of 16% [2][5] - Ping An Insurance: Valuation of 10,500 million RMB, decline of 15% [2][5] - Xiaomi: Valuation of 10,000 million RMB, growth of 56% [2][5] - BYD: Valuation of 8,720 million RMB, growth of 10% [2][5] - Huawei: Valuation of 8,500 million RMB, growth of 25% [2][5] Top Ten State-Owned Enterprises - Agricultural Bank: Valuation of 202,000 million RMB [3][6] - Industrial and Commercial Bank: Valuation of 274,000 million RMB [3][6] - State Grid: Valuation of 266,000 million RMB [3][6] - China National Railway Group: Valuation of 224,000 million RMB [3][6] - China Construction Bank: Valuation of 203,000 million RMB [3][6] - Kweichow Moutai: Valuation of 182,000 million RMB [3][6] - China Petroleum: Valuation of 176,000 million RMB [3][6] - Bank of China: Valuation of 170,000 million RMB [3][6] - China Mobile: Valuation of 175,000 million RMB [3][6] - CITIC Group: Valuation of 156,000 million RMB [3][6]

Group 1: Core Insights - The city of Heze, known as the "Peony Capital of China," is experiencing a vibrant atmosphere as it prepares for the upcoming Spring Festival, showcasing its unique industries such as peony cultivation and Hanfu culture [1] - Heze Agricultural Commercial Bank has introduced flexible credit products, including an 800,000 yuan "Peony and Chinese Herbal Medicine Loan," to support local farmers in preparing for the peak sales season of peony pots and cut flowers [1] - The People's Bank of China Heze Branch has been actively promoting financial services to support local enterprises, having visited over 400 peony industry entities and established credit files for more than 200, with a total of over 50 million yuan in credit funds disbursed [2] Group 2: Industry Developments - The Hanfu industry in Heze is witnessing a surge in online sales, with a 60% year-on-year increase in sales during the New Year shopping festival, driven by live-streaming sales efforts [2] - Financial institutions in Heze, including Hengfeng Bank, have launched specialized loan products for the Hanfu industry, with loan approval times reduced to within two working days, resulting in a total credit amount of 3.647 billion yuan for the industry, a 43.28% year-on-year increase [3] - As of the end of 2025, the balance of inclusive small and micro loans in Heze reached 94.47 billion yuan, growing by 20.28%, which is significantly higher than the overall loan growth rate [4]

Group 1 - The meeting between An Wei, the Secretary of the Zhengzhou Municipal Committee, and Liu Jun, the Vice Chairman and President of the Industrial and Commercial Bank of China (ICBC), highlights the importance of collaboration for economic development in Zhengzhou [2][3] - An Wei expressed gratitude for ICBC's long-term support in the economic and social development of Zhengzhou, emphasizing the city's commitment to high-quality development and innovation-driven growth during the 14th Five-Year Plan period [2] - Zhengzhou aims to enhance its competitiveness and improve the well-being of its citizens by implementing innovative strategies and governance models, while also seeking to leverage opportunities from the comprehensive reform pilot for market-oriented allocation of factors [2][3] Group 2 - Liu Jun outlined ICBC's domestic and international business operations, reaffirming the bank's commitment to fulfilling its responsibilities as a state-owned bank and supporting high-quality economic development in collaboration with Zhengzhou [3] - The discussion included exploring new mechanisms for financial collaboration and the role of finance in empowering economic growth and efficient governance [3]