Core Insights - The recent approval of three financial asset investment companies (AICs) marks the establishment of the first batch of national joint-stock bank AICs in China, expanding the total number of bank-affiliated AICs to nine [1][2] Group 1: AIC Establishment and Function - The newly approved AICs include Xinyin Financial Asset Investment Co., Xinyin Financial Asset Investment Co., and Zhaoyin Financial Asset Investment Co., with registered capitals of 150 billion yuan and 100 billion yuan respectively [1] - AICs were initially designed for market-oriented debt-to-equity swaps, serving as a "risk isolation wall" and "asset restructuring expert" within the banking system, aimed at reducing corporate leverage and mitigating financial risks [1][3] - The role of AICs has evolved to become a major player in equity investment, particularly following recent policy expansions that have increased their investment scope and intensity [1] Group 2: Comparison Between AICs - The newly established AICs share common features with state-owned bank AICs, including core functions, regulatory frameworks, policy guidance, and operational models [2] - Differences exist in shareholder backgrounds, resource endowments, capital scales, and regional layouts, with state-owned AICs benefiting from larger asset scales and nationwide networks, focusing on large state-owned enterprises [2] - In contrast, joint-stock bank AICs have a slightly lower capital scale and are more concentrated in their initial focus, primarily serving private and innovative small and medium-sized enterprises [2] Group 3: Impact on the Economy - The entry of AICs is expected to significantly promote enterprise transformation and high-quality development by alleviating corporate debt burdens through debt-to-equity swaps, thereby facilitating technological research and product innovation [3] - AICs are positioned to support specialized and innovative enterprises, as well as technology-driven small and medium-sized enterprises, while also restructuring and revitalizing companies in debt distress through market-oriented and legal means [3]

● 本报记者 张佳琳 12月3日，中国证券报记者登录交通银行App，热销存单一栏显示："当前无可购买的大额存单"，仅有 转让存单。邮储银行App存单产品一栏也显示："暂无满足条件的产品，建议您查询其他产品。" "六大行已停售五年期大额存单"正被网友热议。事实上，这并非新鲜事。多位国有大行的客户经理向记 者表示："已经很久没有五年期大额存单了。""这两年大额存单概念已经淡化，因为它们的利率与定期 存款差不多。" 此外，记者发现工商银行、农业银行均推出了"百万门槛"大额存单。专家认为，此举反映出行业变化趋 势：银行正将传统的大额存单产品转变为维护客户关系的工具。 大额存单难觅其踪 针对交通银行大额存单相关情况，该行客服回应记者称："大额存单是我行限量发售的存款产品，如果 线上显示没有，就是已经卖完了。"随后，记者咨询多地交通银行客户经理独家获悉，目前该行仅有区 域专享大额存单。 交通银行北京地区客户经理小许告诉记者，该行仅有北京客户专享的一年期个人大额存单，20万元起 购，年利率1.40%。"我行只有一年期大额存单，需要您在北京地区开卡才能购买。如果您有其他期限 的存款需求，我们推荐您选择利率上浮的定期存款。例如 ...

家住北京市的王女士跑了两家大行网点，却发现5年期大额存单都停售了，3年期的产品也得靠"抢"，利率还比去年降 了不少 近年来，随着银行业净息差持续承压，各银行开始重新评估自己的负债结构，国有大行陆续下架五年期大额存单产品 工商银行APP显示，该行近期发售的 2025年第四期3年期个人大额存单起步门槛标注为"100万起存"，年利率仅为 1.55%，而工行三年期定存产品的年利率标注为"年利率最高可至1.55%"，定存的起步门槛仅为50元 在金融市场上，长期存款产品正在悄然消失。记者通过登录工商银行官方APP及手机银行查询发现，目前该行"大额 存单"栏目下仅剩余 1个月、3个月、6个月、1年、2年、3年六个期限产品，5年期产品已无踪影 不止工商银行，农业银行、中国银行、建设银行、交通银行及邮储银行这六家国有大行已全面停售5年期大额存单产 品 部分股份制银行及城商行也紧随其后收缩长期存款业务。招商银行客服人员确认，该行大额存单的在售列表中已没有 3年期和5年期的选项 当五年期大额存单消失的同时，三年期产品的门槛也在不断提高。 工商银行APP显示，该行正在发售的2025年第四期3年期个人大额存单，起步门槛标注为"100万 ...

邮储银行12月3日大宗交易平台出现一笔成交，成交量125.40万股，成交金额702.24万元，大宗交易成交 价为5.60元。该笔交易的买方营业部为国泰海通证券股份有限公司总部，卖方营业部为国泰海通证券股 份有限公司总部。 进一步统计，近3个月内该股累计发生10笔大宗交易，合计成交金额为4174.24万元。 证券时报·数据宝统计显示，邮储银行今日收盘价为5.60元，下跌1.23%，日换手率为0.26%，成交额为 9.67亿元，全天主力资金净流出1.60亿元，近5日该股累计下跌3.28%，近5日资金合计净流出4.08亿元。 两融数据显示，该股最新融资余额为10.31亿元，近5日增加1.12亿元，增幅为12.14%。（数据宝） 12月3日邮储银行大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | 溢价（%） | | | | 125.40 | 702.24 | 5.60 | 0.00 | 国泰海通证券股份有 | 国泰海通证券股份有 | | | ...

Core Viewpoints - The 2026 Postal Financial Forum highlighted the importance of risk awareness and effective credit supply in the banking sector, emphasizing the need for banks to combine risk assessment with opportunity recognition [1][3][4] - Insurance funds are evolving into more strategic players in the capital market, focusing on long-term investments and aligning with national strategies [10][11] - The Chinese equity market is expected to enter a long-term structural bull market by 2026, driven by improving corporate profits and strategic investment themes [12][13] Banking Sector Insights - Liu Jianjun, President of Postal Savings Bank, emphasized the need for banks to cultivate a "future-oriented" risk perspective to enhance credit availability, especially in a low-interest-rate environment [3][4] - Eight strategies were proposed to address challenges in the banking sector, including long-termism, capability building, digital transformation, and risk management [4][5][6][7][8][9] Insurance Sector Developments - Han Guangyue, Chairman of China Postal Life Insurance, noted that insurance funds are now prioritizing asset-liability matching and capital efficiency, moving towards lower-risk, high-capital efficiency assets [10][11] - The focus of insurance investments has shifted from cyclical hotspots to sectors like high dividends, technological innovation, and infrastructure, aligning with long-term investment strategies [11] Market Outlook - Huang Fusheng, Chief Economist of China Postal Securities, predicted a structural bull market for Chinese equities starting in 2026, with key investment themes including innovative pharmaceuticals and technology [12] - The bond market is expected to stabilize, with limited room for interest rate cuts, while commodity prices are anticipated to rise due to global economic recovery and supply constraints [13] - Concerns regarding AI stock bubbles were addressed, indicating that current valuations are manageable compared to historical peaks, with increased competition in the tech sector helping to mitigate risks [14]

（来源：宁夏金融工作） "现在每月只需按时结息，三年后再还本金，资金周转太灵活了！"宁夏岩卓农牧科技有限公司负责 人马有成向记者算起"金融账"。在邮储银行固原市分行的精准支持下，这位跨界转型的农牧创业者不仅 熬过行业寒冬，更将饲料生意做得风生水起。 2024年上半年，邮储银行固原市分行主动对接，30万元纯信用贷款快速到账，"按季结息、三年到期还 本"的还款方式精准匹配农牧业周期。"这笔'及时雨'救了急，更给了底气！"马有成说，凭借金融支持， 生意下半年便企稳回升，如今销售网络已覆盖固原四县一区，服务上百家养殖户。 "他的饲料采食率高、促增重，价格还实惠！"同村老主顾提着80斤母牛育肥饲料笑着说。扎根乡村八 年，马有成的饲料超市已成为养殖户信赖的"营养补给站"。 据悉，邮储银行固原市分行持续优化涉农金融服务，创新信用贷、专项贷等产品，开辟"无纸化申请、 线上审批、快速到账"绿色通道，破解涉农主体融资难、融资贵、审批慢难题。截至目前，该行已为众 多农牧创业者注入金融动能，本年发放农牧贷6800万元，让金融"活水"在六盘山下精准滴灌，助力乡村 全面振兴。 审核：赵楠 （来源：宁夏金融工作） "现在每月只需按时结息， ...

Core Viewpoint - Postal Savings Bank of China (PSBC) has experienced a decline in stock price and trading volume, indicating potential investor concerns and market dynamics [1][3]. Financial Performance - For the first nine months of 2025, PSBC reported a net profit of 765.62 billion yuan, reflecting a year-on-year growth of 0.98% [6]. - The bank's cumulative cash dividends since its A-share listing amount to 1,377.96 billion yuan, with 773.95 billion yuan distributed over the past three years [7]. Dividend and Shareholder Information - PSBC's dividend yields over the past three years were 5.58%, 6.00%, and 4.61% respectively, indicating a strong commitment to returning value to shareholders [2]. - As of September 30, 2025, the number of shareholders decreased by 13.09% to 142,600, while the average circulating shares per person increased by 15.29% to 478,570 shares [6]. Market Activity - On December 3, PSBC's stock fell by 1.23%, with a trading volume of 9.67 billion yuan and a turnover rate of 0.26%, leading to a total market capitalization of 6,725.32 billion yuan [1]. - The main capital flow showed a net outflow of 1.59 billion yuan today, with a continuous reduction in main capital over the past three days [3]. Technical Analysis - The average trading cost of PSBC shares is 5.18 yuan, with the current stock price fluctuating between resistance at 5.61 yuan and support at 5.59 yuan, suggesting potential for short-term trading strategies [4]. Company Overview - PSBC, established on March 6, 2007, and listed on December 10, 2019, primarily offers banking and financial services in China, with personal banking contributing 65.15% to its revenue, corporate banking 22.71%, and funding operations 12.10% [5].

邮储银行北京分行副行长徐卫杰等出席会议，热烈欢迎北京地区上市公司代表们来邮储银行进行座谈交 流。徐卫杰表示，邮储银行作为国有大型商业银行，一直与经济社会发展同频共振、同向而行。截至 2025年三季度末，邮储银行实现营收、利润双双正增长，净息差1.68%、不良率0.94%，均保持行业优 秀水平，在稳健经营中不断为实体经济注入金融活水。邮储银行北京分行作为国有大行服务首都经济的 重要落脚点，始终将服务"五篇大文章"作为核心战略抓手，把金融资源精准投向首都经济发展的关键领 域，形成多点开花的发展局面。邮储银行北京分行科技金融事业部、个人金融部分别就邮储银行科技金 融及企业金融服务、财富管理及私人银行业务情况做出了详细的分享。 活动也邀请了邮储银行客户翠微集团到场，翠微集团结合自身区域发展战略及支持科技企业发展的定 位，围绕如何推动银、企、协多方协同、实现高质量发展等方面进行了分享。 与会上市公司代表踊跃发言，分享各自对金融高质量发展的理解和"五篇大文章"的建议，大家各抒己 见，现场气氛热烈。有企业代表提出，科技金融需进一步优化风险评估模型，提升对"专精特新"企业的 融资支持效率；绿色金融应强化信息披露标准，推动碳账 ...

12月3日，邮储银行大宗交易成交125.4万股，成交额702.24万元，占当日总成交额的0.72%，成交价5.6元，较市场收盘价5.6元持平。 | 交易日期 | 证券简称 | 证券代码 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 | | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2025-12-03 | 邮储银行 | 601658 | 702.24 5.6 | 125.4 | 国泰海通证券股份 有限公司总部 | 国泰海通证券股份 有限公司点都 | ...

红星资本局12月3日消息 近日，工商银行发售的最新一期3年期大额存单，起存门槛升至100万元，利率 为1.55%，目前显示"告罄"。 而该行此前发售的3年期20万起存的大额存单，利率也为1.55%；其3年期定期存款（50元起存）的利率 最高也可达到1.55%。 大额存单是由银行向个人或机构发行的一种大额存款凭证，部分大额存单还具备转让功能，此前因起存 金额高，利率也相较于普通存款更高，但在利率下行趋势下，大额存单利率优势弱化。 红星资本局梳理银行APP发现，目前建设银行、农业银行、中国银行3年期20万元起存的大额存单利率 均为1.55%，农业银行另有一款3年期500万元起存的大额存单利率也为1.55%。邮储银行APP显示，"暂 无满足条件的大额存单产品"；交通银行APP显示，"当前无可购买的大额存单"。 苏商银行特约研究员薛洪言表示，大额存单起存门槛升高但利率未随之升高，是银行在当前低利率环境 和净息差压力下的主动负债管理策略。银行通过提高起存金额实质上收紧了大额存单的供给，旨在优化 负债结构，减少对高成本存款的依赖，从而降低整体负债成本。 薛洪言认为，在期限利率相同的情况下，大额存单相较于普通存款的主要优势 ...