Core Viewpoint - As of December 15, 2025, 26 A-share listed banks have announced mid-term or quarterly dividend plans, with a total expected payout exceeding 260 billion yuan [1]. Group 1: Major Contributors - The six major state-owned banks are the main contributors to this dividend distribution, with Industrial and Commercial Bank of China leading at 50.396 billion yuan, followed by China Construction Bank at 48.605 billion yuan, Agricultural Bank of China at 41.823 billion yuan, Bank of China at 35.250 billion yuan, Postal Savings Bank of China at 14.771 billion yuan, and Bank of Communications at 13.811 billion yuan [3]. - The total cash dividend from these six major banks exceeds 200 billion yuan [3]. Group 2: Other Banks - Among joint-stock banks, both Industrial Bank and CITIC Bank are expected to distribute over 10 billion yuan in dividends, specifically 11.957 billion yuan and 10.461 billion yuan respectively [3]. - Everbright Bank and Minsheng Bank are also projected to exceed 5 billion yuan in dividends [3]. - Several regional small and medium-sized banks are actively participating in mid-term dividends, with Shanghai Bank, Nanjing Bank, Hangzhou Bank, Shanghai Rural Commercial Bank, and Ningbo Bank leading in dividend amounts [3]. - Notably, banks like Industrial Bank and Ningbo Bank are introducing mid-term dividend plans for the first time [3]. Group 3: Dividend Implementation - Several banks have specified the dates for dividend distribution, with Industrial and Agricultural Banks set to distribute cash dividends on December 15, 2025 [3]. - Bank of Communications has announced that it expects to distribute mid-term cash dividends to A-share shareholders on December 25, 2025 [3].

三、中国邮政储蓄银行南昌市分行应自中国邮政储蓄银行政许可决定之日起3个月内完成上述高管任职 并向江西金融监管局报告。未在规定期限内完成任职的，本行政许可决定文件失效，江西金融监管局将 办理行政许可注销手续。 2025年12月15日，江西金融监管局发布批复称，中国邮政储蓄银行南昌市分行《中国邮政储蓄银行江西 省分行关于赵玉坤同志任职资格核准的请示》（赣邮银请〔2025〕11号）收悉。经审核，批复如下： 二、中国邮政储蓄银行南昌市分行应要求上述核准任职资格人员严格遵守国家金融监督管理总局有关监 管规定，持续学习和掌握经济金融相关法律法规，熟悉任职岗位职责，忠实勤勉履职，提高廉洁意识和 职业道德水平，并按要求及时报告履职情况。 一、核准赵玉坤中国邮政储蓄银行股份有限公司南昌市分行副行长的任职资格。 ...

Group 1 - The Central Economic Work Conference was held in Beijing on December 10-11, summarizing the economic work for 2025 and analyzing the current economic situation while deploying tasks for 2026 [1] - Major state-owned banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank, held expanded party meetings to convey the spirit of the Central Economic Work Conference and discuss implementation measures [1] Group 2 - Industrial and Commercial Bank of China emphasized the importance of adhering to the centralized leadership of the Party on financial work and supporting high-quality development while focusing on risk prevention and compliance [2] - Agricultural Bank of China highlighted the need to align its work with the eight key tasks outlined in the conference, focusing on rural financing and supporting domestic demand and consumption [3] - Bank of China stressed the importance of supporting consumption and income growth initiatives, enhancing financial services for various sectors, and promoting green and low-carbon transitions [4] - China Construction Bank focused on improving financial services for the real economy, enhancing support for key areas such as domestic demand and technological innovation [5][6] - Bank of Communications aimed to serve the real economy and maintain financial stability by supporting domestic market development and addressing risks in key areas [7] - Postal Savings Bank committed to maintaining its retail business advantages while supporting consumption and enhancing financial services for new industries and projects [8]

把深山里的土特产擦亮成"金字招牌"，为忙碌的生产线注入"强心剂"……在广袤的农村大地上，我 国银行业的金融服务正渗透进经济生产生活的各个环节。 近日召开的中央经济工作会议提出，统筹推进以县城为重要载体的城镇化建设和乡村全面振兴，推 动县域经济高质量发展。持续巩固拓展脱贫攻坚成果，把常态化帮扶纳入乡村振兴战略统筹实施，守牢 不发生规模性返贫致贫底线。 2025年作为巩固拓展脱贫攻坚成果同乡村振兴有效衔接5年过渡期的最后一年，乡村全面振兴扎实 推进、农业农村现代化迈出坚实步伐。展望2026年，专家认为，银行业支持乡村振兴仍有较大空间。 乡村振兴信贷投放力度持续加大 "中央经济工作会议对乡村全面振兴工作的部署，核心要义在于'系统统筹'与'底线坚守'。"苏商银 行特约研究员高政扬在接受《金融时报》记者采访时表示，从实践层面看，政策要求在推进产业、要 素、生态等一体化进程中，兼顾增长质效与底线守护，走出一条兼具包容性与可持续性的高质量乡村振 兴路径。 与此同时，需要看到的是，在乡村振兴领域，产业链协同融资机制尚不完善。"面对农业产业链上 下游的资金堵点，跨行业、跨区域的协同融资渠道尚未完全打通。此外，中长期资金支持力度 ...

Core Viewpoint - The increasing prevalence of financial fraud targeting the elderly poses significant threats to their financial security and overall well-being, necessitating a collective societal effort to enhance fraud awareness and self-protection capabilities among this demographic [1] Group 1: Financial Institutions' Role - Financial institutions are positioned as the first line of defense in safeguarding the assets of the elderly and should take proactive measures to provide professional knowledge and sincere services [1] - The Postal Savings Bank of China actively participated in a public awareness campaign aimed at protecting the financial security of the elderly, collaborating with local government and judicial bodies [3] Group 2: Community Engagement and Education - The campaign included a financial literacy class tailored for the elderly, where complex financial fraud concepts were simplified through relatable discussions and practical examples [3] - The interactive nature of the event fostered trust between bank staff and elderly participants, enhancing their understanding of financial risks and investment strategies [5] Group 3: Ongoing Commitment - The Postal Savings Bank plans to continue offering diverse financial education activities as part of its commitment to social responsibility, aiming to create a safe and harmonious financial environment for the elderly [6]

Core Viewpoint - The announcement from the interbank market dealers association has put state-owned banks under scrutiny for bond underwriting violations, particularly focusing on Postal Savings Bank of China, which is under self-regulatory investigation for allegedly breaching principles of fairness and diligence [1] Group 1: Regulatory Actions - As of December 15, 2025, a total of 19 penalties related to bond underwriting violations have been disclosed by the association and exchanges, indicating a growing concern over compliance in the industry [1] - The self-regulatory investigation into Postal Savings Bank is part of a broader trend, with other institutions like China Galaxy Securities and China Merchants Bank also facing investigations for similar issues [1] Group 2: Market Dynamics - The case of Guangfa Bank, which had a bond underwriting fee significantly below market rates, highlights a troubling trend where institutions engage in "loss leader" strategies to maintain business volume, leading to regulatory scrutiny [2][3] - Many banks are reportedly using a "comprehensive revenue account" approach, where they offset losses from bond underwriting through deposit retention and adjustments in loan rates, distorting market pricing mechanisms [3] Group 3: Future Outlook - With increasing regulatory pressure, the bond underwriting ecosystem is expected to undergo significant changes, moving away from price competition towards a focus on service and risk management [4] - The "price for volume" strategy may become unsustainable, leading to a potential rise in underwriting fees that adequately cover costs, while smaller institutions lacking core pricing capabilities may face accelerated exit from the market [4]

Core Viewpoint - The Central Economic Work Conference held on December 10-11 in Beijing emphasized the need for economic work in the coming year to focus on "stability while seeking progress and improving quality and efficiency," outlining key tasks through "eight persistences" [1] Group 1: Financial Institutions' Responses - Multiple financial institutions expressed commitment to align with the "eight persistences" and plan for 2026 and the 14th Five-Year Plan period [1] - Financial institutions highlighted the importance of optimizing financial supply in key areas such as expanding domestic demand, supporting technological innovation, and aiding small and micro enterprises [2][3] - Institutions emphasized the need to maintain bottom lines and actively manage risks in key sectors [1][10] Group 2: Focus on Technological Innovation - Financial institutions are focusing on their core responsibilities and enhancing financial services in strategic areas, particularly in technological innovation [2] - Industrial and Commercial Bank of China aims to support high-quality development and provide comprehensive financial solutions, emphasizing domestic market integration and support for key sectors [2] - Agricultural Bank of China plans to enhance financing in rural areas and innovate its technology finance service system to support advanced manufacturing and new industrial chains [2] Group 3: Strengthening Domestic Market - Agricultural Bank of China is committed to boosting consumption and stabilizing investment through significant project financing [4] - China Bank aims to support consumption initiatives and meet diverse consumer needs while contributing to the construction of a strong domestic market [4][5] - Postal Savings Bank plans to increase consumer loan offerings and support major projects to enhance domestic demand [5] Group 4: Risk Management and Compliance - Financial institutions are prioritizing risk management and compliance to ensure stability in asset quality and mitigate risks in key areas such as real estate and local government debt [10] - Industrial and Commercial Bank of China emphasizes its role in risk prevention and compliance, supporting the development of a new model for real estate [10] - Agricultural Bank of China aims to balance development and safety while managing risks effectively [10]

Core Viewpoint - China Postal Savings Bank (CPSB) is advancing its digital finance strategy with the launch of the "AI2ALL" digital ecosystem, showcasing its commitment to leveraging technology to enhance financial services and customer experience [1][10]. Digital Finance Conference - CPSB held its 2025 Digital Finance Conference, themed "Opening the Digital Postal Savings i∞ Era," highlighting its achievements and future plans in digital finance [1][10]. - The conference featured speeches from CPSB President Liu Jianjun and Vice President Niu Xinjiong, emphasizing the bank's technological advancements and service innovations [1][10]. Technological Transformation - Liu Jianjun stated that technology is fundamentally transforming the speed of progress, depth of financial reform, and breadth of service delivery in the banking industry [3][11]. - CPSB is committed to optimizing financial supply, reducing financing costs, and enhancing service experiences to better serve the real economy [3][11]. AI2ALL Digital Ecosystem - The "AI2ALL" ecosystem aims to integrate AI capabilities across various service dimensions, enhancing both internal efficiency and external customer engagement [6][13]. - CPSB has identified nearly 260 application scenarios for its AI capabilities within the "AI2ALL" framework [6][13]. Intelligent Capability Development - CPSB is building its intelligent capabilities around data, computing power, and algorithms, transitioning AI from a technical support role to a core driver of business innovation [5][12]. - The bank has established a comprehensive data asset structure and upgraded its AI computing infrastructure, becoming a leader in the domestic financial sector [5][12]. Service Enhancement - CPSB is enhancing customer service through AI integration across offline, remote, and online channels, aiming to provide seamless and intelligent customer experiences [7][14]. - The bank has introduced innovative services such as cloud cabinets and intelligent outbound calls to improve service efficiency and customer interaction [16][8]. Mobile Banking Upgrade - The latest version of CPSB's mobile banking app (version 11.0) incorporates AI to redefine financial service interactions, achieving high user experience ratings in industry evaluations [8][17]. - CPSB has implemented a dual protection mechanism for high-risk transactions, enhancing security measures for its customers [8][17]. Future Outlook - CPSB is committed to its "Digital Postal Savings" strategy, focusing on deepening the "AI2ALL" ecosystem to create valuable financial services that benefit a wide range of customers and partners [10][19].

Group 1 - The establishment of the Interbank Market Data Reporting Company was announced, with a registered capital of 600 million RMB, co-funded by the Shanghai Commercial Paper Exchange and the China Interbank Market Dealers Association [1] - The China Postal Savings Bank is under self-regulatory investigation for alleged violations during the underwriting and issuance of debt financing instruments [3] - In 2025, there have been 12 issuers defaulting for the first time, involving 16 credit bonds with a total default amount of 15.08 billion RMB, showing a significant decrease compared to 2024 [5] Group 2 - The Ministry of Finance plans to reissue 97 billion RMB of 3-year government bonds and 99 billion RMB of 5-year government bonds, with fixed interest rates of 1.40% and 1.63% respectively [7] - Chongqing's government is incentivizing the issuance of technology innovation bonds and other innovative products to support high-quality economic development [9] - The Henan Transportation Investment Group successfully issued 1 billion RMB of ultra-short-term financing bonds at an interest rate of 1.63% [10] Group 3 - China Ping An Life Insurance has been approved to issue up to 20 billion RMB of capital supplement bonds in the interbank bond market [13] - The Zhejiang Energy Group has canceled the issuance of 2 billion RMB of technology innovation bonds due to recent market fluctuations [18] - The Jiujiang State Investment Group received a warning letter from the Jiangxi Securities Regulatory Bureau for misusing raised funds from bond issuance [19]

Group 1: Company Overview - Zhejiang Xinxing Technology Co., Ltd. is a high-tech enterprise specializing in the manufacturing of automotive wheel hub bearings, currently in a critical phase of capacity ramp-up [1] - The company has successfully upgraded its equipment and significantly increased production capacity thanks to a 10 million RMB loan from Postal Savings Bank's "Specialized and Innovative Loan" program [1] Group 2: Financial Support and Impact - Postal Savings Bank's Deqing branch has actively deepened its technology finance business layout, providing tailored credit loan products and optimizing approval processes to address the financing bottlenecks faced by technology enterprises [1] - As of November 2025, the bank has provided credit support to 123 specialized and innovative enterprises, with a total loan amount of 672 million RMB, alleviating pressures on R&D investment, capacity expansion, and liquidity management [1] Group 3: Rural Revitalization Initiatives - The Deqing branch focuses on rural revitalization by directing credit resources towards agricultural industries and rural construction, having provided 30.9 million RMB in funding support to over 50 households through the "Homestay Loan" program [2] - The "Agricultural Loan Pass" product has injected financial resources into new agricultural operating entities, with agricultural loan balances reaching 4.103 billion RMB, reflecting a 10.47% increase [2] Group 4: Customer Testimonials and Service Efficiency - A customer operating a popular homestay highlighted the efficiency of the "Homestay Loan," which provided 600,000 RMB for renovations within three days at a low interest rate, contributing to full occupancy during peak season [3] - The financial services of Postal Savings Bank's Deqing branch are closely aligned with the development of Deqing, providing continuous momentum for high-quality county economic development [4]