具体来说，在本次农民工工资发放场景中，依托于智能合约生态服务平台，数字人民币业务运营机构交 通银行为总包企业开立单位钱包，并加载智能代发合约，控制资金不被挪用，并按照工资明细足额发 放。 同时，数字人民币智能合约在区块链下和链上都可以使用，而且可以互通，这有利于银行机构依托自身 丰富的业务场景去定制产品服务。据了解，截至2026年1月末，数字人民币智能合约在预付资金管理、 供应链金融、企业集团财务管理、补贴发放等领域试点应用，累计签约合约数48.64万个，累计交易金 额3.16亿元。 新华财经北京2月9日电新华财经8日晚间获悉，中国人民银行数字人民币运营管理中心协调数字人民币 业务运营机构，日前在成都落地全国首单数字人民币智能合约农民工工资发放业务。该业务依托数字人 民币运营管理中心提供的数字人民币智能合约生态服务平台，实现工资发放自动执行，为服务保障农民 工工资支付这项民生工程探索出了数字金融和普惠金融新模式。 据介绍，数字人民币智能合约通过一套基础设施、规则标准和产品体系实现合同的数字化、自动化和强 制执行，杜绝人为干预，并支持跨机构的互通调用。在中国人民银行指导下，数字人民币运营管理中心 负责提供智能合 ...

Investment Rating - The industry rating is "Buy" [4] Core Views - The trade return ratio has turned positive again, and the service trade deficit has significantly narrowed [16][18] - The cross-border capital flow is expected to gradually return, positively impacting domestic liquidity [5][19] - The service trade deficit for December 2025 was 966 billion CNY, a year-on-year decrease of 466 billion CNY, with a full-year deficit of 13,760 billion CNY, down 2,544 billion CNY, approximately 16% [18] Summary by Sections 1. Current Observation - The State Administration of Foreign Exchange (SAFE) released data on China's international balance of payments for December 2025, indicating a potential impact on the central bank's willingness to settle foreign exchange [16] - The trade return ratio is at a historical high, with a monthly unconverted trade net outflow of 447 billion CNY, a year-on-year increase of 1,392 billion CNY [17] 2. Arbitrage Trading Returns - The arbitrage trading return rate for 10Y US Treasury bonds in CNY has dropped significantly to -1.77%, indicating a shift in cross-border capital dynamics [17] 3. Service Trade Deficit - The service trade deficit has narrowed significantly, with major contributions from improved policies for foreign visitors, reduced international shipping costs, and enhanced competitiveness in high-tech services [18] 4. Cross-Border Liquidity Outlook - Despite the recent appointment of Kevin Warsh as the next Federal Reserve Chair, the trend of cross-border capital return is expected to continue, influenced by the Fed's monetary policy stance [19][21] - The short-term liquidity in the US remains tight, with limited space for balance sheet reduction, while long-term prospects depend on economic performance [20][21]

Investment Rating - The industry investment rating is "Positive" (maintained) [4] Core Insights - Bank stocks have outperformed the market, with the banking index rising by 1.70% while the CSI 300 index fell by 1.33%, indicating a shift in market sentiment towards underperforming sectors [1] - Quality city commercial banks have shown superior performance, with city commercial banks increasing by 3.27% compared to state-owned banks at 0.35% and joint-stock banks at 1.84% [1] - The banking sector is expected to enter a growth cycle in 2026, with projected revenue and net profit growth rates of 2.8% and 2.6% respectively, indicating a gradual recovery [3] - The opportunity cost of investing in bank stocks remains low, with a 10-year government bond yield at 1.80% and bank stock dividends around 4.4%, providing a 2.6 percentage point premium [3] - The report emphasizes the importance of new growth drivers, particularly recommending Nanjing Bank for its strong management and market position [3] Summary by Sections Industry Performance - The banking sector ranked sixth among 31 primary industries, with a weekly increase of 1.70% [1] - The performance of various bank types showed that city commercial banks had the highest weekly increase at 3.27% [1] Individual Bank Events - Qilu Bank reported a 5.1% year-on-year increase in revenue and a 14.6% increase in net profit, aligning with market expectations [2] - Ningbo Bank's executive appointment was approved, indicating stability in management [2] Investment Outlook - The report maintains a positive outlook for bank stocks in 2026, suggesting a rebalancing of market styles and a favorable environment for bank valuations [3] - Recommendations include major state-owned banks and a focus on mid-sized banks with new growth potential, particularly Nanjing Bank, Shanghai Bank, and others [4][6]

Industry Focus - The China Banking Association has released guidelines to regulate the collection behavior of credit card and personal consumer loan collections, aiming to promote healthy industry development. The guidelines clarify issues such as collection timing, reasonable frequency, and channels for obtaining contact information, establishing quantitative standards and specific definitions [1] Corporate Dynamics - Citic Bank plans to increase its capital contribution to Citic Financial Leasing by 2 billion yuan, raising the registered capital from 10 billion yuan to 12 billion yuan. This marks the second capital increase for Citic Financial Leasing by Citic Bank in a year [4] Financial Personnel - Qingdao Rural Commercial Bank has elected Liang Yanbo as the chairman of its fifth board of directors, pending approval from the Qingdao Financial Regulatory Bureau [5] - Ningbo Bank has received approval from the Ningbo Financial Regulatory Bureau for Fu Wensheng to serve as the vice president [6] - Guangfa Bank has received approval for Lin Zhaohui to serve as the director, vice chairman, and president, effective from January 30, 2026 [7] - The credit card center of Bank of Communications has appointed He Bo, the former vice president of the Zhejiang branch, as the new general manager, pending regulatory approval [8] - Bai Xiaodong has been appointed as the party secretary of Beijing Rural Commercial Bank, as announced during the bank's recent meeting [9] Market Trends - Despite an overall downward trend in market interest rates, many small and medium-sized banks have raised deposit rates by 5 to 20 basis points ahead of the Spring Festival, with some banks launching limited-time exclusive deposit products [3] Gold Market - Following a significant drop in gold prices, several banks have issued risk warnings and adjusted the entry thresholds for gold-related businesses, including increasing the minimum purchase amount for gold accumulation products [2]

去年12月，交通银行宣布完成总行层面的财富管理业务整合，正式成立"财富管理部"，在全行范围统筹 个人财富管理业务。邮储银行也于去年战略性组建财富管理部，在总行层面新设了"财富管理部"。今年 初，浦发银行也欲将财富管理业务独立出来。 这些动向都意味着，当下财富管理正在被推至银行整体经营体系中更加重要的位置。 张大伟 制图 ◎记者 黄坤 步入2026年，一场银行营收保卫战自财富管理业务悄然展开。 近期，多家银行在总行层面单设或整合财富管理部门，将原本分散在零售、个金等条线中的相关职能集 中统筹。此番"动刀"向外界传递出的信号是：财富管理独立性升级，从银行部门业务上升为能跨条线协 同、统筹资源的全行系统工程。 作为轻资本业务的财富管理，能为银行带来可观的中间收入，过去有不少银行已将其作为战略性业务， 但何以在2026年前后地位突然进阶、纷纷加码？分析其原因，多重因素交织，使得财富管理业务愈发重 要。而其进一步向"客户为中心"转型，成为银行间比拼业绩增长的关键。 地位进阶 架构变阵 这场调整大戏从国有大行开始。 这一趋势并不局限于大型银行，城农商行同样抬升了财富管理业务地位。青农商行在接受调研时表示， 2026年将聚 ...

近年来动作频频的交通银行信用卡再迎重磅消息。北京商报记者近日获悉，交通银行浙江省分行副行长 贺波拟接任总行太平洋信用卡中心（以下简称"信用卡中心"）总经理一职。这已是该中心短期内的第二 次核心高管变动，而与人事更迭相伴的，是交通银行信用卡业务的转型攻坚。 据北京商报记者不完全统计，2025年至今，该行已有50余家信用卡分中心关停，业务规模同步出现阶段 性收缩。在行业存量竞争持续加剧的当下，新任"掌门"贺波将如何凭借自身复合型履历破局，推动信用 卡业务从"规模驱动"向"质量提升"转型，答案仍待时间检验。 短时间内两度"换帅" 近日，北京商报记者获悉，交通银行信用卡中心迎来重要人事调整，交通银行浙江省分行副行长贺波将 正式"接棒"信用卡中心总经理一职，目前其任职资格尚待监管部门核准。 公开履历显示，贺波兼具丰富的总行零售金融管理与分支行实操经验。2022年10月正式获批浙江省分行 副行长前，他曾长期在交通银行总行履职，深耕个人金融业务领域，历任高级经理、副总经理等职，积 累了扎实的总行层面业务管理经验；2019—2022年，贺波还曾担任交银理财非执行董事。 此次人事调整的背后，是交通银行信用卡中心短期内的第二次核 ...

近年来动作频频的交通银行信用卡再迎重磅消息。北京商报记者近日获悉，交通银行浙江省分行副行长贺 波拟接任总行太平洋信用卡中心（以下简称"信用卡中心"）总经理一职。这已是该中心短期内的第二次核 心高管变动，而与人事更迭相伴的，是交通银行信用卡业务的转型攻坚。 据北京商报记者不完全统计，2025年至今，该行已有50余家信用卡分中心关停，业务规模同步出现阶段性 收缩。在行业存量竞争持续加剧的当下，新任"掌门"贺波将如何凭借自身复合型履历破局，推动信用卡业 务从"规模驱动"向"质量提升"转型，答案仍待时间检验。 短时间内两度"换帅" 近日，北京商报记者获悉，交通银行信用卡中心迎来重要人事调整，交通银行浙江省分行副行长贺波将正 式"接棒"信用卡中心总经理一职，目前其任职资格尚待监管部门核准。 公开履历显示，贺波兼具丰富的总行零售金融管理与分支行实操经验。2022年10月正式获批浙江省分行副 行长前，他曾长期在交通银行总行履职，深耕个人金融业务领域，历任高级经理、副总经理等职，积累了 扎实的总行层面业务管理经验；2019—2022年，贺波还曾担任交银理财非执行董事。 此次人事调整的背后，是交通银行信用卡中心短期内的第二次核 ...

Core Insights - The Shanghai Chongming Branch of Bank of Communications has successfully launched its first biodiversity loan for under-forest economy, contributing to the construction of a world-class ecological island in Chongming [1][2] Group 1: Project Implementation - Starting from October 2025, the Chongming Branch will initiate a collaborative action plan involving banks, enterprises, and government to promote project implementation [1][2] - The branch's green finance team will conduct specialized training on "biodiversity finance" to ensure a solid understanding of policy requirements and practical project details [1][2] - The credit team has adhered to the standards outlined in the "Biodiversity Finance Directory (Draft)" to successfully approve and disburse the loan [1][2] Group 2: Economic and Ecological Value - The under-forest planting project offers both ecological and economic benefits, efficiently utilizing forest land resources and enhancing land use efficiency while supporting regional biodiversity conservation [1][2] - The successful launch of the first biodiversity loan marks a significant achievement in the branch's green finance strategy and reflects a proactive response to regulatory guidance [1][2] Group 3: Future Plans - The Chongming Branch aims to continuously improve its green finance system and expand its biodiversity finance product offerings [1][2] - There will be an increased financial support for biodiversity projects to contribute to the sustainable development of the region and support the construction of the world-class ecological island [1][2]

2月5日金融一线消息，交通银行手机银行App显示，根据监管要求和《交通银行囤金宝业务客户服务协 议》相关规定，为顺应市场变化，加强业务风险管理，交通银行将对囤金宝业务进行调整。自2026年2 月10日9：00起，该行囤金宝业务囤金计划交易起点金额将由1000元调整至1500元。调整前已设置成功 的囤金计划将继续执行，不受影响。调整后，新建、修改、恢复囤金计划需满足本公告明确的最新交易 起点金额。 责任编辑：李琳琳 2月5日金融一线消息，交通银行手机银行App显示，根据监管要求和《交通银行囤金宝业务客户服务协 议》相关规定，为顺应市场变化，加强业务风险管理，交通银行将对囤金宝业务进行调整。自2026年2 月10日9：00起，该行囤金宝业务囤金计划交易起点金额将由1000元调整至1500元。调整前已设置成功 的囤金计划将继续执行，不受影响。调整后，新建、修改、恢复囤金计划需满足本公告明确的最新交易 起点金额。 责任编辑：李琳琳 ...

（文章来源：北京商报） 北京商报讯2月5日，交通银行手机银行App显示，根据监管要求和《交通银行囤金宝业务客户服务协 议》相关规定，为顺应市场变化，加强业务风险管理，交通银行将对囤金宝业务进行调整。自2026年2 月10日9:00起，该行囤金宝业务囤金计划交易起点金额将由1000元调整至1500元。调整前已设置成功的 囤金计划将继续执行，不受影响。调整后，新建、修改、恢复囤金计划需满足本公告明确的最新交易起 点金额。 ...