Core Insights - The article highlights the increasing internationalization of Nantong, leading to a rise in foreign personnel studying and working in the area, which has prompted local banks to enhance their services for this demographic [1][2] Group 1: Service Innovations - Nantong Chengshan Road Branch has introduced a "Four Have" service initiative to cater to the financial needs of foreign clients, significantly improving their service experience and satisfaction [1][2] - The branch has established a green channel for account opening, minimizing unnecessary documentation and ensuring a streamlined process where clients can complete their transactions in one visit [1][2] - Foreign currency exchange services have been expanded to include ten types of currencies, with an emphasis on online appointment functionalities that allow clients to complete transactions within five minutes upon arrival [1][2] Group 2: Professional Support - The branch has equipped itself with professional financial managers to provide in-depth financial consulting services, helping foreign clients navigate local financial regulations and products [2] - Language barriers are addressed by ensuring staff members are fluent in English, and providing bilingual signage and documentation to facilitate clear communication [2] - The "Four Have" service measures effectively tackle key pain points for foreign clients, such as difficulties in account opening, slow currency exchange, lack of consultation, and communication challenges [2] Group 3: Commitment to Service Excellence - The bank is committed to a "customer-first" philosophy, aiming to continuously enhance service quality and create a more convenient and friendly financial environment for foreign residents in Nantong [2] - The initiative is part of a broader strategy to improve the international business environment in Nantong, reinforcing the bank's reputation in cross-border financial services [2]

江南时报讯 2025年11月4日，第十届中国航空创新创业大赛全国总决赛系列活动在南通举行。本次大赛 由中国航空学会联合多家央企集团主办，旨在推动航空领域的技术创新和产业升级，加速关键技术突破 和优质企业孵化。作为本次大赛的重要组成部分，空天科创基金筹备启动仪式吸引了众多行业内外的关 注。该基金的成立将为航空产业的创新项目提供资金支持，促进科技成果的转化和产业化。 工商银行南通分行积极响应国家关于加强科技创新、推动产业升级的政策号召。作为本次中国航空创新 创业大赛的承办方之一，工商银行南通分行通过与大赛主办方的紧密合作，参与空天科创基金筹备启动 仪式，为参赛企业和项目提供了展示和交流的平台，也为未来的合作奠定了坚实的基础。 针对本次大赛拟签约落户的招引企业，工商银行南通分行将提供全方位的金融服务，以支持企业成长和 发展。坚持一企一策融资。围绕技术转化、产线扩建、订单增长等节点，匹配信用、抵押、股权质押等 多元工具，提供跨境金融服务，全周期护航企业成长。建立专属服务团队。遴选信贷、财务、风险等领 域专业人才组建"空天服务队"，优化风控逻辑、校准筛选策略，充分发挥产业链、供应链信息传递、信 用传导和风险缓释功能，优 ...

二、工商银行舟山分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，舟山金融监管分局将办理行政许可注销手续。 三、工商银行舟山分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。 2025年11月5日，舟山金融监管分局发布批复称，《中国工商银行（601398）浙江省分行关于王海生同 志任职资格审查的请示》（工银浙报〔2025〕127号）收悉。经审核，现批复如下： 一、核准王海生工商银行舟山分行副行长的任职资格。 ...

"哎，你最近去工行看存款利息了吗？感觉利息还是挺低的，不过也比把钱闲着强。""是啊，现在利息低是事实，但合理存款安排，其实也能帮咱赚点小 钱，关键是懂得怎么选期限和产品。" 资金稍微多一点，可以考虑两到三年的定期。比如8万元存两年，利息1680元；9万元存两年，利息1890元；15万元，两年利息3150元。年利率1.05%，比一 年期稍微高一点。 三年期的定存利率更有吸引力，年利率1.25%。五万元存三年，利息1875元；如果资金更多，比如9万元，利息甚至能接近3400元。 中期定存适合手里有闲钱，而且短期内不打算动用的人群。这类产品既安全，又比一年期收益多，而且复利效应开始显现，钱能慢慢长起来。 三、长期定期存款——五年期，利息累积明显 五年期定存年利率在1.3%左右，如果你有大额资金，长期定存收益就非常可观了。七万元存五年，到期利息4550元；16万元存五年，利息达到10400元。 长期定存虽然灵活性差，但对那些追求稳健的投资者来说，优势明显。资金放着不动，收益稳定，而且五年后取出本金加利息，一次性到账，方便打理。 今天咱就来聊聊工商银行最新的定期存款和大额存单利息情况，帮大家看看不同金额、不同存期，实际 ...

Group 1: Overall Performance of the Banking Sector - The A-share listed banks have reported a steady performance in their operations for the first three quarters of the year, showcasing resilience and emerging highlights in the banking industry [1] Group 2: Support for Urban-Rural Integration and Regional Development - The banking sector is actively supporting the national strategy for urban-rural integration and regional coordinated development, with financial resources being allocated to key areas [2] - Industrial and Commercial Bank of China (ICBC) has reported a loan balance of nearly 3.5 trillion yuan in the new urbanization sector and over 5 trillion yuan in agricultural loans, with significant investments in poverty alleviation counties [2] - Agricultural Bank of China has increased its loan balance in key rural revitalization counties to 481.2 billion yuan, reflecting a growth rate of 10.21%, and in poverty-stricken counties to 2.52 trillion yuan, with a growth rate of 10.66% [3] Group 3: High-Level Opening Up - The banking sector is contributing to high-level opening up, which is a strategic choice to enhance national security and respond to external uncertainties [4] - Bank of China has been actively involved in the Belt and Road Initiative, maintaining a leading position in the issuance of panda bonds and offshore RMB bonds, with a global custody scale of 4.8 trillion yuan [5] - Construction Bank has enhanced its international competitiveness and supported high-level opening up, with cross-border e-commerce settlement exceeding 400 billion yuan [5] Group 4: Digital Transformation - The banking industry is undergoing a significant digital transformation, which is essential for current financial institutions [6] - Bank of Communications is focusing on strengthening digital infrastructure and enhancing service quality through technology, achieving a monthly active user count of over 53 million for its mobile banking app [7] - Postal Savings Bank is leveraging digital technology to improve operational efficiency and customer experience, enhancing its resource integration and smart-driven capabilities [8]

Market Overview - The Hang Seng Index (HSI) closed at 26,110.96, up by 175.55 points or 0.68% as of November 5, 16:00 Eastern Time [1] - The index reached a high of 26,191.15 and a low of 25,911.87 during the trading session, with a trading volume of 34.24 million [1] Major Blue-Chip Stocks Performance - Most large-cap stocks saw an increase, with HSBC Holdings closing at HKD 110.275, up 1.92% from the previous close [2] - Tencent Holdings closed at HKD 632.153, reflecting a 0.5% increase compared to the Hong Kong market close [2] Stock Price Movements - Tencent Holdings (00700) remained unchanged at HKD 629.000, with an ADR price of HKD 632.153, indicating a rise of HKD 3.153 [3] - Alibaba Group (09988) decreased by HKD 0.500 to HKD 158.500, with an ADR price of HKD 160.176, showing an increase of HKD 1.676 [3] - HSBC Holdings (00005) saw a slight increase of HKD 0.200, closing at HKD 108.200, with an ADR price of HKD 110.275, up HKD 2.075 [3] - Other notable movements include a decrease in stock prices for companies like Xiaomi Group (01810) and AIA Group (01299) [3]

Core Viewpoint - Insurance capital is increasingly investing in the banking sector, particularly in state-owned banks, due to the high dividend yields that align with their investment needs [1][2][3] Group 1: Insurance Capital Increases in State-Owned Banks - Insurance capital has significantly increased its holdings in major state-owned banks, with Postal Savings Bank and China Construction Bank being the primary targets for investment [1] - Ping An Life has increased its stake in Postal Savings Bank by 2.189 billion shares, making it the second-largest shareholder [1] - New China Life Insurance has also increased its holdings in China Construction Bank by 8.8 million shares, becoming its fifth-largest shareholder [1] Group 2: Entry of Insurance Capital in Other Major Banks - For the first time, insurance capital appears in the top ten shareholders of Industrial and Commercial Bank of China and Agricultural Bank of China, with China Life Insurance and Ping An Life becoming significant shareholders [2] - Insurance capital has also been active in the Hong Kong market, frequently increasing stakes in H-shares of state-owned banks [2] Group 3: Attractive Features of Banking Stocks - The six major banks have shown stable profit growth, with a total net profit of 1.07 trillion yuan in the first three quarters, alongside improved asset quality [2] - The low valuation and high dividend yield of banking stocks align well with the asset allocation needs of insurance capital, making them a core investment area [3] Group 4: Future Outlook for Insurance Capital Investment - Industry experts predict that insurance capital will increase its market presence and allocation in banking stocks due to favorable policy environments [3] - The implementation of new accounting standards in early 2026 will likely enhance the demand for stable, low-volatility stocks, further solidifying the preference for banking stocks among insurance capital [4]

Core Views - The report emphasizes the importance of stable high-dividend assets in a low-interest-rate environment, highlighting the scarcity of such assets as a key investment opportunity [4][12] - It discusses the regulatory cycle and the reduction of potential credit risks through local debt resolution, reinforcing the concept of a "stable anchor" for banks [4][15] - The economic transformation from land credit to technology and consumption-driven growth is seen as providing a "growth sail" for banks, particularly in corporate deepening and wealth management [4][18] Policy Background and Investment Context - The low interest rate environment and asset scarcity highlight the attractiveness of stable high-dividend assets, with bank stocks favored for their strong performance stability and high dividend yields [4][12] - The ongoing resolution of local government debt is expected to reduce systemic credit risks, thereby solidifying banks' "stable anchor" [4][15] - The shift towards technology and consumption is anticipated to enhance banks' growth potential, particularly in wealth management and corporate services [4][18] Deep Revaluation of "Stable Anchor" - Bottom Line of Value - The report identifies the stability of earnings, attractiveness of dividends, and sustainability of payouts as key components of dividend value [5] - It notes that the expansion of bank balance sheets and the potential recovery of net interest margins are crucial for long-term value [5] - Enhanced investment capabilities in financial markets and asset circulation are highlighted as factors contributing to banks' stability [5] "Growth Sail" Capability Breakthrough - Elasticity of Value - The report emphasizes the importance of stable and high risk-adjusted return on capital (RAROC) for banks, which reflects their efficiency in capital usage [6] - It points out the advantages of wealth attributes and customer base, as well as strong non-performing asset management capabilities [6] - The ability to adjust and manage financial market investments effectively is seen as a significant strength for banks [6] Medium to Long-term Incremental Capital Drivers - Good Wind with Favorable Conditions - The report suggests a potential trend shift in insurance capital allocation towards bank equities, with a target dividend yield of 3.5%-4% seen as a reasonable baseline [7] - It notes that actively managed equity funds are currently underweight in bank stocks, while asset management companies (AMCs) are accelerating their investments in this sector [7] Investment Recommendations: Hold "Stable Anchor" and Raise "Growth Sail" - The report recommends a foundational allocation in large state-owned banks, with H-shares offering better value than A-shares, particularly for Agricultural Bank and Industrial and Commercial Bank [8] - Core allocations should focus on banks that combine stability with strong wealth management capabilities, such as China Merchants Bank and CITIC Bank [8] - For flexible allocations, it suggests high-quality regional banks with unique characteristics in specific areas or business lines, such as Jiangsu Bank and Chongqing Bank [8] Dividend Value Analysis - The report indicates that the operating income of listed banks grew by 0.91% year-on-year in the first three quarters of 2025, with net profit growth of 1.48% [28] - It highlights the significant performance differentiation among banks, with state-owned banks showing stable revenue growth while smaller banks face challenges [28][30] - The report notes that the dividend sustainability of banks is influenced by profitability, dividend policies, and capital considerations, with larger banks maintaining a more stable dividend distribution [41][43]

Group 1 - Industrial and Commercial Bank of China (ICBC) reached a historical high of 8.21 yuan on November 5, 2023, alongside other banks like Shanghai Pudong Development Bank and Ningbo Bank showing significant gains [2] - Year-to-date performance of the banking sector is underwhelming, with a gain of 12.99% compared to the All A Index's 25.81% [2] - Large-cap stocks have a weighted return of 15.26%, significantly lagging behind small-cap stocks which achieved a return of 61.46% [2] Group 2 - Historical trends suggest a "valuation switch" may occur towards the end of the year, with expectations for a rotation in market styles [4] - Market strategies indicate that from April to October, the focus is on current fundamentals, while from November to the following March, the emphasis shifts to future expectations [4] - November is identified as a critical time for market movements, where the correlation with current fundamentals weakens, indicating a potential for "anti-fundamental" and "forward-looking" trading strategies [4]

Group 1 - The A-share market experienced fluctuations, with banks showing strong performance, particularly Industrial and Commercial Bank of China reaching a historical high [1] - The largest bank ETF (512800) saw a trading volume of 1.751 billion yuan, maintaining high liquidity despite a slight decline after three consecutive days of gains [1][5] - Analysts suggest that the banking sector is a crucial component for balanced asset allocation as the market approaches year-end, with banks being favored for their defensive qualities amid increased market volatility [3][4] Group 2 - Historical data indicates that the banking sector tends to perform well in November and December, with a higher probability of absolute returns during this period [4] - Factors such as improved earnings, favorable policies, and increased capital allocation are expected to support the ongoing positive trend in bank stocks [4] - The bank ETF (512800) is the largest in A-shares, with a scale exceeding 19.8 billion yuan and an average daily trading volume of over 800 million yuan, making it an efficient investment tool for tracking the banking sector [5]