交通银行财富管理战略全面升级 "沃德财富万里行"三地联动启航 ◎记者 马慜 周亮 范子萌 "财富管理是增加居民财产性收入的重要途径，也是提振消费的重要抓手。"周万阜表示。交通银行做优 做强财富管理业务，助力居民增加财产性收入，是落实党中央决策部署的重要举措，也是金融机构特别 是资管机构和财富管理机构的共同使命。 在此背景下，作为交通银行战略调整后的首个市场推广项目，"沃德财富万里行"有望进一步发挥该行财 富管理特色优势，协同各方合作伙伴，努力为客户打造专业健全的财富管理服务生态。 本次"沃德财富万里行"启动会自上海启航，经广州接力，在北京压轴。三地联动，串联起"长三角-粤港 澳-京津冀"三大核心经济圈，意在推动交行财富管理服务从重点地区到全国的传导和覆盖。 作为交通银行财富管理业务的一张名片，"沃德财富"品牌将在明年迎来20周年。自2006年创立以来，该 品牌已成为交通银行个人财富管理专业服务的鲜明标识。周万阜表示，交通银行正在积极策划品牌升 级，并将不断深化与实力雄厚、服务优质的头部资产管理机构的合作，深刻践行金融为民的初心。 集团协同：多元牌照优势集结 作为唯一一家总部在上海的国有大型商业银行集团，交通银 ...

Investment Rating - The report assigns a "Buy" rating for the banking sector, indicating an expected performance that will exceed the market by more than 10% over the next 12 months [41]. Core Insights - The report discusses the concept of "asset scarcity," which is explained through two perspectives: the mismatch between supply and demand for funds, and the insufficient supply of quality assets that meet investors' risk and return preferences. It argues that the traditional supply-demand imbalance does not adequately explain the phenomenon of asset scarcity [5][13]. - The report identifies three dimensions of asset scarcity: macro, meso, and micro. It emphasizes that the bond market is primarily concerned with the micro-level aspects of asset scarcity [5][16]. - To alleviate macro-level asset scarcity, the report suggests increasing credit issuance and fiscal efforts, enhancing liquidity management by the central bank, and guiding non-bank funds back to banks to lower residents' yield expectations on non-bank assets [20][23]. - At the meso level, the report highlights the importance of fiscal and monetary growth rates, suggesting that credit and fiscal efforts should be strengthened while avoiding capital idling [23][24]. - The micro-level analysis focuses on the expectations of institutions regarding asset-liability expansion and actual expansion, noting that there is often a mismatch between liabilities and suitable assets [25][29]. Summary by Sections Section 1: Asset Scarcity Exploration - The report explores why the market has shifted its focus away from "asset scarcity," attributing this to a lack of significant asset-liability gaps in the real economy and the nature of interest rates as contractual [5][13]. - It discusses the macroeconomic factors influencing asset scarcity, including the expected decline in bond market yields and economic forecasts [16][18]. Section 2: Financial Institutions' Asset-Liability Management - The report provides a detailed analysis of financial institutions' liabilities, emphasizing the need for a balance between asset expansion and government debt supply [25][29]. - It projects that by 2026, the demand for government bonds will increase by 1.5 trillion yuan compared to 2025, indicating a growing need for asset allocation in the banking sector [25][29]. Section 3: Insurance Sector Analysis - The report estimates that the insurance sector will face a net increase in asset-liability mismatch of 1.28 trillion yuan by 2026, driven by the expiration of high-yield non-standard investments and continuous growth in premium income [30][29]. Section 4: Expected Returns and Market Dynamics - The report highlights the compression of asset-liability yield spreads due to rigid liabilities and flexible asset yields, which contributes to the practical aspect of asset scarcity for enterprises and theoretical scarcity for residents [35][29]. - It suggests that banks should lower the rigid costs of liabilities and guide non-bank entities to adjust their yield expectations [35][29].

Group 1 - The core viewpoint of the article highlights that as of December 13, 26 A-share listed banks have disclosed their mid-term or quarterly dividend plans for 2025, surpassing the 24 banks that did so in the same period of 2024, with total dividends expected to exceed 260 billion yuan [1][3] - The banks disclosing dividend plans include 6 large state-owned banks, 6 joint-stock banks, and 14 small and medium-sized banks, with the six major state-owned banks expected to contribute over 200 billion yuan in cash dividends [3] - Industrial and Commercial Bank of China leads with an estimated dividend of approximately 50.4 billion yuan, followed by China Construction Bank, Agricultural Bank of China, Bank of China, Postal Savings Bank of China, and Bank of Communications [3] Group 2 - Joint-stock banks such as Industrial Bank and CITIC Bank are expected to have mid-term dividends exceeding 10 billion yuan, while China Everbright Bank and Minsheng Bank are projected to exceed 5 billion yuan [3] - Some small and medium-sized banks, like Shanghai Bank and Nanjing Bank, also show significant dividend amounts, with several banks like Industrial Bank and Ningbo Bank introducing mid-term dividend plans for the first time [3] - The increase in dividend frequency among commercial banks is a response to the new "National Nine Articles" aimed at promoting multiple dividends per year for listed companies, enhancing the connection between company profits and investor returns [3] Group 3 - More frequent dividends can directly enhance shareholder satisfaction, allowing investors to share in the banks' operational success in a timely manner [4] - Stable cash returns align well with the investment needs of long-term funds such as social security funds, pension funds, and insurance capital, helping to attract these funds for long-term holding [4] - The positioning of banks as dividend-oriented can create a virtuous cycle of attracting long-term capital, enhancing stock price stability, and reducing abnormal price fluctuations caused by short-term speculation [4]

交通银行河南省分行以数字化转型为抓手，聚焦后台业务运营核心环节，深化科技与业务深度融合，通 过智能化、自动化技术应用，持续优化处理流程、提升服务效能、强化风险管控，为业务高质量发展筑 牢后台服务支撑。 交通银行河南省分行强化创新能力，将自然语言识别、大模型、RPA机器人流程自动化、BI数据分析等 智能金融工具引入业务流程，运用于数据处理、数据保管、记账凭证、报表数据统计及业务分析等业务 场景中，实现复杂业务标准化、简单业务自助化、业务办理敏捷化、风险业务集约化。日均业务处理量 实现大幅提升，切实降低了人力成本。 未来，交通银行河南省分行将持续推进后台业务科技赋能，探索BI、自然语言识别、大数据、AI大模 型等技术在后台业务运营中的深度应用，不断迭代优化业务流程，以高效率、数字化、智能化的后台服 务，为客户提供更优质的金融服务。 （CIS） ...

Core Viewpoint - The implementation of "Shanghai Science Credit Loan" aims to enhance financial support for technology-driven enterprises by using the "Shanghai Science Credit" as a key evaluation tool for innovation capabilities and financial assistance [1] Group 1: Policy and Implementation - The People's Bank of China Shanghai Branch, along with several local financial and regulatory bodies, has issued a notice to promote "Shanghai Science Credit Loan" as a specialized financial product for evaluating and supporting enterprise innovation [1] - Financial institutions in Shanghai are encouraged to utilize "Shanghai Science Credit" as a basis for assessing the innovation capabilities of local enterprises, facilitating loan issuance under manageable risk conditions [1] Group 2: Case Studies of Financial Support - A biotechnology company with a "Shanghai Science Credit" score above 80 has received a loan of 30 million yuan from Bank of Communications Shanghai Zhangjiang Branch, utilizing a differentiated credit model based on its innovation capabilities [2] - Shanghai Guangjiang Environmental Art Co., Ltd. increased its loan limit to 2.8 million yuan through collaboration with Bank of China Shanghai Branch, which utilized the "Shanghai Science Credit" evaluation to address financing challenges for small and medium-sized tech enterprises [3] Group 3: Features of "Shanghai Science Credit Loan" - The notice outlines that financial institutions should enhance the application of "Shanghai Science Credit" results, offering differentiated arrangements such as increased loan limits and reduced interest rates for top-ranked enterprises [4] - Institutions are encouraged to innovate the design of "Shanghai Science Credit Loan" products, focusing on key industries and enhancing the convenience of application processes through digital technology [4] Group 4: Future Directions - The People's Bank of China Shanghai Branch plans to establish a joint working mechanism to strengthen policy coordination and promote the expansion of "Shanghai Science Credit Loan" products [5]

专题：2025中国可持续投资发展论坛 专题：2025中国可持续投资发展论坛 12月12日金融一线消息，2025中国可持续投资发展论坛今日召开，本次论坛的主题为"科技融合与可持 续发展新生态"。交通银行个人金融业务部总经理李肇宁出席论坛。 李肇宁表示，做好绿色金融已成为金融机构的必答题，商业银行需积极运用金融专业能力赋能实体经济 绿色发展。 12月12日金融一线消息，2025中国可持续投资发展论坛今日召开，本次论坛的主题为"科技融合与可持 续发展新生态"。交通银行个人金融业务部总经理李肇宁出席论坛。 李肇宁表示，做好绿色金融已成为金融机构的必答题，商业银行需积极运用金融专业能力赋能实体经济 绿色发展。 交通银行综合利用大模型、机器学习和神经网络等技术，于去年在企业网银、企业手机银行等线上渠道 推出绿色金融政策服务。通过人工智能技术对政策文件拆解梳理，实现国家级政策数据要素化，形成知 识体系。在线上企业录入自身信息后，算法将企业情况与政策进行匹配，为企业主动推送适应其发展方 向的相关政策，方便企业找政策、学政策、懂政策、用好政策，将国家绿色发展政策普及到数以百万计 的相关企业。下一步，交行将进一步丰富地方级政策数 ...

本文作者可以追加内容哦 ! 交通银行(03328)发布公告，该公司将于2026年1月28日派发截至2025年6月30日止6个月的中期股息每10 股1.563元。追加内容 交通银行(03328)发布公告，该公司将于2026年1月28日派发截至2025年6月30日止6个月的中期股息每10 股1.563元。 ...

12月12日金融一线消息，交通银行发布公告，将于2026年1月28日派发截至2025年6月30日止6个月的中 期股息每10股1.563元。 责任编辑：秦艺 责任编辑：秦艺 12月12日金融一线消息，交通银行发布公告，将于2026年1月28日派发截至2025年6月30日止6个月的中 期股息每10股1.563元。 | 免费星明 | | | --- | --- | | 香港交易及維蘭所有限公司及香港機合交易所有限公司對本公告的內容概不負貴，對其準確性或完整生亦不借表任何瓊明。並明確表示，概不對因 | 公告全部或任何部份內容而遵生或因前賴該等內容而引致的任何損失承擔任何費任。 | | | 股票發行人現金股息(可選擇貨幣)公告 | | 發行人名稱 | 交通银行股份有限公司 | | 股份代號 | 03328 | | 多櫃禮股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告靠题 | 建議派發截至2025年6月30日止六個月之中期股息(更新) | | 公告日期 | 2025年12月12日 | | 公告求應 | 更新公告 | | 更新增回理由 | 更新(1)貨幣運標權裁止時限及(2)代扣所得稅信息 ...

智通财经APP讯，交通银行(03328)发布公告，该公司将于2026年1月28日派发截至2025年6月30日止6个 月的中期股息每10股1.563元。 ...

| 灣仔 | | | | | | --- | --- | --- | --- | --- | | 香港 | | | | | | 代扣所得稅信息 | | | | | | 中期股息所適用之代扣所得稅（包括股東類型及適用的稅率）載列於下表。有關進一步 | 詳情，請見本行日期為2025年12月12日的2025年第四次臨時股東會投票表決結果公告。 | | | | | 有關代預扣所得稅之更多補充 | 股東類型 | 稅率 | （如適用） | | | 非居民企業 | 根據有關監管規定，本行向名列於 | | | | | （非中國內地登記地址） | 10% | H股股東名冊上的非居民企業股東 | | | | 派發股息時，有義務代扣代繳企業 | 所得稅，稅率為10%。非居民企業 | | | | | 股東在獲得股息之後，可以根據稅 | 收協定（安排）等相關規定申請辦 | | | | | 理退稅。任何以非個人股東名義， | 包括以香港中央結算（代理人）有 | | | | | 限公司，其他代理人或受託人，或 | 其他組織及團體名義登記的H股股 | | | | | 份皆被視為非居民企業股東所持的 | 股份，其應得之中期股息將被扣除 | | ...