六大国有行中期分红将陆续发放！邮储银行最新公告，将于2026年2月13日派发中期股息每10股1.23 元，合计派息约147.72亿元。除邮储银行外，其他五家国有银行也计划明年1月进行中期分红。其中， 工商银行拟每10股派1.414元（含税），派息约503.96亿元，派息规模最大，建行、农行派息规模超过 400亿元。六家国有银行合计派息规模约2046.57亿元。银行中期分红从"可选项"逐渐转变为"常规动 作"，与近年来监管层持续倡导密不可分。业内认为，这既是银行响应监管号召、稳定投资者预期，也 折射出上市银行盈利稳健性与现金流的持续巩固。 ...

据悉，项目建成后，将成为一所布局合理、服务完善、管理科学、环境优雅的高品质医养中心。届时老 年人可实现"住得安心、吃得舒心、玩得开心、健康有保障"，子女也能放心，真正将其打造为老年人颐 养天年的"幸福之家"，让老年人切实感受党和政府的关怀，共享社会发展成果。 养老产业发展，资金保障是关键。邮储银行济宁市分行在获悉该医养健康中心的项目信息后，迅速启动 服务响应机制，将金融支持落到实处。针对该项目"省内首笔" 的特殊性，省、市分行组建前中台敏捷 专班，通过现场调研，结合项目实际梳理政策疑问、评估风险收益，量身定制专业化综合金融服务方 案。 市分行指派经验丰富的客户经理现场驻点，协助支行整理申报材料、跟进审批流程，最大限度压缩业务 办理时间，推动贷款快速落地。 近日，邮储银行（601658）济宁市分行成功向当地某医养健康中心提升改造项目发放医养结合类养老产 业贷款。作为该行在山东省内发放的首笔此类专项贷款，目前已累计向项目投放贷款1.66亿元，不仅填 补了省内业务空白，更以可复制的金融服务模式，为全省养老产业信贷业务的推广提供了示范样本，为 康养产业发展注入强劲动能。 ...

12月2日晚间，邮储银行发布公告，将于2026年2月13日派发中期股息每10股1.23元，合计派息约147.72 亿元，占2025年上半年归母净利润的30%。 部分银行分红比例提升 银行中期分红从"可选项"逐渐转变为"常规动作"，与近年来监管层的持续倡导密不可分。 2023年12月中旬，中国证监会发布《上市公司监管指引第3号——上市公司现金分红》，该指引修订内 容主要有三个方面，其中包括简化中期分红程序，推动进一步优化分红方式和节奏。鼓励公司在条件允 许的情况下增加分红频次。新"国九条"也提出，"加大对分红优质公司的激励力度，多措并举推动提高 股息率。增强分红稳定性、持续性和可预期性，推动一年多次分红、预分红、春节前分红。" 尽管面临净息差持续收窄等周期性挑战，但上市银行，尤其是国有大行和部分优质股份制银行，依然展 现出较强的盈利韧性和分红意愿。且记者注意到，部分上市银行此次提出的中期分红比例进一步提升。 如上海银行2025年中期现金分红比例进一步提升至32.22%；沪农商行2025年中期分红比例为33.14%， 较2024年的中期分红比例继续小幅提升。 《中国经营报》记者梳理发现，除邮储银行外，其他五家国有 ...

Core Viewpoint - The latest issuance of 3-year large-denomination certificates of deposit (CDs) by Industrial and Commercial Bank of China (ICBC) has seen the minimum deposit requirement raised to 1 million yuan, with an interest rate of 1.55%, which is currently sold out [1][4]. Group 1: Large-Denomination CDs - The interest rate for the 3-year large-denomination CDs is set at 1.55% with a minimum deposit of 1 million yuan [2][3]. - Previously, ICBC offered a 3-year large-denomination CD with a minimum deposit of 200,000 yuan, also at an interest rate of 1.55% [1][4]. - Other banks, including China Construction Bank, Agricultural Bank of China, and Bank of China, are also offering 3-year large-denomination CDs with a minimum deposit of 200,000 yuan at the same interest rate of 1.55% [4]. Group 2: Market Dynamics and Strategies - The increase in the minimum deposit requirement for large-denomination CDs without a corresponding increase in interest rates reflects banks' proactive liability management strategies in a low-interest-rate environment [4]. - By raising the minimum deposit amount, banks are effectively tightening the supply of large-denomination CDs, aiming to optimize their liability structure and reduce reliance on high-cost deposits [4]. - The main advantages of large-denomination CDs over regular deposits, despite the current interest rate trends, include higher liquidity and flexibility, such as transferability and collateral options, making them suitable for large depositors with short-term capital needs [4].

2025年，是"绿水青山就是金山银山"理念提出20周年，是"双碳"目标提出5周年，也是中央金融工作会 议明确"绿色金融"等五篇大文章2周年。近年来，烟台金融监管分局紧紧围绕烟台市绿色低碳高质量发 展大局，深入贯彻落实国家及省市相关政策部署，坚持监管引领与服务实体相结合，引导辖区大型银行 切实发挥"头雁"作用，持续聚焦重点领域、优化金融服务、深化金融创新，为打造绿色低碳高质量发展 示范城市注入强劲动力。 引领信贷总量稳步增长 实现绿色规模"新突破" 烟台金融监管分局通过制定工作指引、开展季度监测、实施差异化监管等措施，引导大型银行持续加大 绿色信贷投放力度。截至2025年10月末，辖区大型银行绿色贷款余额突破1300亿元大关，较年初增幅达 20.8%，高于各项贷款平均增速9.73个百分点。在规模稳步增长的同时，信贷质量保持优异水平，绿色 贷款不良率仅为0.006%，远低于各项贷款平均水平。绿色贷款客户覆盖面显著扩大，存量户数突破1.65 万户，较年初增幅12.05%。绿色贷款占全部贷款比重提升至25.6%，较年初提高2.07个百分点，绿色金 融已成为信贷增长的重要引擎。 推动流程体系健全优化 构建绿色融资"新格 ...

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]

Group 1 - The core viewpoint of the articles highlights the trend of major banks in China discontinuing five-year large denomination certificates of deposit (CDs), with many banks only offering shorter-term options or none at all [1][2] - Major banks have raised the minimum investment threshold for large denomination CDs, with some banks now requiring a minimum of 1 million yuan, indicating a shift in strategy to maintain high-end customer relationships [2][3] - The discontinuation of long-term large denomination CDs is seen as a method for banks to reduce high-cost liabilities and stabilize net interest margins amid declining market interest rates [3] Group 2 - The current offerings of large denomination CDs are limited, with banks like China Postal Savings Bank indicating that they have no CDs available for sale and may resume sales in January next year [2] - The interest rates for available large denomination CDs are relatively low, with rates around 1.40% to 1.55%, which may not attract high-end customers who prioritize security and exclusive services over interest rates [3] - Banks are expected to continue differentiating their deposit rates based on their liability structures and market conditions, as they face pressure to lower funding costs and maintain profitability [3]

Core Viewpoint - The disappearance of long-term deposit products, particularly five-year large certificates of deposit (CDs), reflects the ongoing pressure on banks' net interest margins, leading to a reevaluation of their liability structures and product offerings [1][3][9] Group 1: Changes in Deposit Products - Major state-owned banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, and others, have completely discontinued five-year large CDs, with some also reducing the availability of three-year products [3][5] - The current interest rate for a three-year large CD at Industrial and Commercial Bank is only 1.55%, with a minimum deposit requirement of 1 million yuan, contrasting sharply with the 50 yuan minimum for regular fixed deposits [5][17] - The trend of reducing long-term deposit products is not limited to large banks; some joint-stock banks and city commercial banks are also following suit, indicating a broader industry shift [3][7] Group 2: Impact on Customers - The increasing minimum deposit requirements for three-year products mean that large CDs are becoming exclusive to high-net-worth clients, moving away from their original target demographic of middle-class savers [5][11] - Ordinary depositors are facing challenges in asset allocation due to the scarcity of long-term deposit options, leading to a shift in savings behavior, with a notable decrease in the percentage of savers preferring to save more [13][17] - The current environment has prompted some depositors to seek higher returns or more diversified investment channels, reflecting a change in asset allocation strategies [13][15] Group 3: Industry Response - Banks are adjusting their product offerings in response to the pressure on net interest margins, with state-owned banks discontinuing five-year large CDs while smaller banks focus on shorter-term products [7][9] - The ongoing decline in loan rates and intense competition for deposits are squeezing banks' profit margins, necessitating a reevaluation of high-interest long-term deposit products [9][11] - Banks are increasingly using large CDs to attract high-quality new clients and as a stable asset for private banking clients, indicating a strategic shift in how these products are utilized [11][15]

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]