Group 1 - The core point of the article is that China Merchants Bank has obtained a patent for a "data collaborative governance method, device, terminal equipment, and storage medium," with the authorization announcement number CN117194455B, and the application date is September 2023 [1] - China Merchants Bank, established in 1987 and located in Shenzhen, primarily engages in monetary financial services, with a registered capital of 25,219.845601 million RMB [1] - The bank has made investments in 15 companies, participated in 5,000 bidding projects, and holds 1,331 trademark records and 2,202 patent records, along with 386 administrative licenses [1]

Core Viewpoint - The successful issuance of the tourism service quality guarantee by China Merchants Bank Qingdao Branch marks a significant step in innovative financial products within the cultural and tourism sector, responding to national policies aimed at revitalizing the industry and supporting the development of Qingdao as an international coastal tourism city [1][2]. Product Innovation: Opening New Paths in Cultural and Tourism Finance - The tourism service quality guarantee serves as a substitute for the traditional quality assurance deposit required from travel agencies, aimed at protecting tourist rights and alleviating financial pressure on travel agencies [2]. - China Merchants Bank Qingdao Branch has actively engaged with local tourism enterprises and regulatory bodies to align financial services with industry needs, demonstrating a commitment to the "finance for the people" philosophy [2]. Value Realization: Constructing a New Pattern for Tourism Development - The guarantee effectively unifies the interests of tourism enterprises, regulatory authorities, and tourists, replacing the traditional deposit model and enhancing cash flow for travel agencies [3]. - Regulatory bodies benefit from improved transparency and efficiency in tourism service oversight, while tourists gain a reliable channel for rights protection, enhancing their sense of security and trust in travel services [3]. Long-term Empowerment: Financial Support for Coastal Tourism Ecosystem - The first successful issuance of the tourism service quality guarantee represents a milestone in deepening financial services for the cultural and tourism industry [4]. - As Qingdao advances its goal of becoming an international coastal tourism city, the bank plans to continue developing its financial product offerings and services to support the high-quality growth of the regional economy [4].

Group 1 - The core point of the article is the recent leadership change in the investment banking division of China Merchants Bank (CMB), with Su Jing taking over as the new general manager [1][2] - Su Jing has been with CMB for 22 years and has held various positions, including roles in strategic client management and energy and communication sectors [2] - The bank is focusing on expanding its investment banking services, particularly in the Hainan Free Trade Port, emphasizing project mergers and acquisitions, equity investments, and asset securitization [4] Group 2 - CMB's investment banking division is one of its four major business segments, encompassing bond underwriting, merger finance, corporate wealth management, and market trading facilitation [5] - In the third quarter of 2025, CMB underwrote debt financing tools totaling 274.295 billion yuan, ranking first in the market for perpetual bonds and technology innovation bonds [5] - The merger finance business saw a transaction volume of 138.454 billion yuan, a year-on-year increase of 27.39%, with a significant rise in RMB merger loan issuance [5] - The corporate wealth management business reported an average daily product balance of 459.059 billion yuan, reflecting a 14.80% increase from the previous year [6] - Market trading activities reached a volume of 228.333 billion yuan, showing a year-on-year growth of 29.09%, driven by strategic business initiatives [7] - CMB's subsidiary, CMB International, has been actively collaborating with the parent bank, completing multiple IPO sponsorships and underwriting projects in the Hong Kong market [8]

新浪财经ESG评级中心提供包括资讯、报告、培训、咨询等在内的14项ESG服务，助力上市公司传播ESG理念，提升ESG可持续发展表现。点 击查看【 ESG评级中心服务手册】 此次榜单的发布，不仅是对上榜企业可持续发展实践的权威肯定，更向全行业传递了ESG核心价值理念。面对全球性挑战与高质量发展的时代要求，ESG 已不再是企业的"加分项"，而是不可或缺的"必修课"。我们号召更多企业以百强标杆为榜样，重视ESG体系建设与实践创新，将ESG理念深度融入战略规 划、生产运营与产业链协同之中，通过绿色投资、技术革新、责任担当与治理升级，实现商业价值与社会价值的共生共赢。 附："2025中国企业ESG百强"榜 | 排名 | 公司名称 | 公司标识 | 得分星级 行业分类 | | | --- | --- | --- | --- | --- | | | 建设银行 SH601939 | 人人工艺之文 | ★★★★★ | 金融 | | | 中国移动 (HK0941) | 中国移动 S | ★★★★★ | 电信服务 | | | 农业银行 (HK1288) | 中国农业银行 C | ★★★★★ | 金融 | | 4 | 腾讯控股 HK ...

Core Viewpoint - The report highlights the AH premium rates of various stocks, indicating significant discrepancies between their H-shares and A-shares, with some stocks showing extremely high premiums while others exhibit negative premiums. Group 1: Top AH Premium Rates - Northeast Electric (00042) has the highest AH premium rate at 770.97% with a deviation value of -104.86% [1] - Zhejiang Shibao (01057) follows with a premium rate of 432.48% and a deviation value of 91.33% [1] - Nanjing Panda Electronics (00553) ranks third with a premium rate of 288.23% and a deviation value of 78.28% [1] Group 2: Bottom AH Premium Rates - Contemporary Amperex Technology (03750) has the lowest AH premium rate at -12.93% with a deviation value of -2.96% [1] - China Merchants Bank (03968) has a premium rate of -2.18% and a deviation value of -0.26% [1] - Heng Rui Medicine (01276) shows a premium rate of -0.61% with a deviation value of -1.85% [1] Group 3: Top Deviation Values - Zhejiang Shibao (01057) leads in deviation value at 91.33% with a premium rate of 432.48% [2] - Goldwind Technology (02208) has a deviation value of 80.21% with a premium rate of 142.96% [2] - Nanjing Panda Electronics (00553) ranks third in deviation value at 78.28% with a premium rate of 288.23% [2] Group 4: Bottom Deviation Values - Northeast Electric (00042) has the lowest deviation value at -104.86% despite a high premium rate of 770.97% [3] - Morning Paper (01812) shows a deviation value of -45.19% with a premium rate of 201.16% [3] - Nanhua Futures (02691) has a deviation value of -27.51% with a premium rate of 102.69% [3]

1月12日金融一线消息，国家金融监督管理总局最新日前发布批复，核准马向辉、黄玉山、卢力平招商 银行股份有限公司董事的任职资格。 批复要求，上述核准任职资格人员严格遵守金融监管总局有关监管规定，自本行政许可决定作出之日起 3个月内到任，并按要求及时报告到任情况。未在上述规定期限内到任的，本批复文件失效，由决定机 关办理行政许可注销手续。 责任编辑：李琳琳 1月12日金融一线消息，国家金融监督管理总局最新日前发布批复，核准马向辉、黄玉山、卢力平招商 银行股份有限公司董事的任职资格。 批复要求，上述核准任职资格人员严格遵守金融监管总局有关监管规定，自本行政许可决定作出之日起 3个月内到任，并按要求及时报告到任情况。未在上述规定期限内到任的，本批复文件失效，由决定机 关办理行政许可注销手续。 国家金融监督管理总局 关于黄玉山招商银行独立董事任职资格的批复 招商银行: 《招商银行关于黄玉山董事任职资格核准的请示》(招银字〔2025〕344号)收悉。经审核,现批复如 下: 一、核准黄玉山招商银行股份有限公司独立董事的任职资格。 二、你行应要求上述核准任职资格人员严格遵守金融监管总局有关监管规定,自本行政许可决定作出之 日 ...

Investment Rating - The investment rating for the banking sector is "Positive" and is maintained [12]. Core Insights - In the first week of 2026, the banking sector continued to adjust, with a cumulative decline of 1.9% in the banking index, significantly underperforming the CSI 300 and ChiNext indices by -4.7% and -5.8% respectively. Despite this, the fundamental expectations for the sector remain unchanged, and the market's risk appetite has notably increased [2][6][19]. - The main banks are expected to maintain stable growth in performance throughout 2026. Following recent adjustments, the PB-ROE valuation attractiveness of bank stocks has further increased, suggesting a favorable timing for allocation [2][6][19]. Summary by Sections Market Performance - The banking sector's performance in the first week of 2026 showed a cumulative decline of 1.9%, with significant negative excess returns compared to the CSI 300 and ChiNext indices [6][19]. - Individual stocks such as Chongqing Rural Commercial Bank saw price recovery after management uncertainties were resolved, while stable performers like Hangzhou Bank led the city commercial bank sector [2][6][19]. Fundamental Analysis - The banking sector's performance has been influenced by structural concerns, particularly regarding real estate and retail asset quality. Despite these concerns, overall performance remains stable with steady growth [8][37]. - The LTV (Loan-to-Value) ratios for major banks are stable at 40%-50%, providing a safety margin despite rising asset quality pressures in mortgage loans [8][37]. Trading Dynamics - The increase in market risk appetite has continued to suppress bank stock valuations. Historically, January has seen excess returns for bank stocks, but this year, the rapid recovery in market sentiment has led to underperformance [9][38]. - The report recommends focusing on high-quality city commercial banks such as Hangzhou Bank, Nanjing Bank, and Jiangsu Bank, as well as dividend-oriented assets like Bank of Communications and China Merchants Bank [9][38]. Convertible Bonds - The prices of convertible bonds linked to bank stocks have generally followed the sector's adjustment, with the distance to mandatory conversion prices widening. The report highlights potential trading opportunities in convertible bonds for banks like Changshu Bank and Shanghai Bank, which have stable fundamental performance expectations [7][32].

Group 1: Dividend Indices - The Low Volatility Dividend Index (H30269.CSI) selects 50 securities with good liquidity, continuous dividends, moderate payout ratios, positive growth in dividends per share, high dividend yields, and low volatility, with a dividend yield of 4.46% as of January 9 [1] - The Quality Dividend Index (931468.CSI) selects 50 listed companies with continuous cash dividends, high payout ratios, and strong profitability, with a dividend yield of 3.50% as of January 9 [1] - The Low Volatility Dividend ETF (159547) is the ETF with the lowest comprehensive fee tracking the Low Volatility Dividend Index, with quarterly assessments for dividends [1] Group 2: Company Dividend Announcements - Heavy Pharmaceutical Holdings announced a cash dividend of RMB 0.30 per 10 shares (tax included), with the record date on January 15, 2026, and the ex-dividend date on January 16, 2026 [1] - Fuling Zhacai announced a cash dividend of RMB 2.00 per 10 shares (tax included), with the record date on January 15, 2026, and the ex-dividend date on January 16, 2026 [2] - China Merchants Bank announced a cash dividend of RMB 1.013 per share (tax included), with the record date on January 15, 2026, and the ex-dividend date on January 16, 2026 [2]

一、适用基金及业务范围 ■ 二、咨询方式 1.招商银行招赢通 网址：https://fi.cmbchina.com 联系电话：95555 2.融通基金管理有限公司 为了更好地满足广大投资者的理财需求，根据融通基金管理有限公司（以下简称"融通基金"）与招商银 行股份有限公司（以下简称"招商银行"）签署的销售协议，从2026年1月12日起，融通基金旗下融通中 国概念债券型证券投资基金（QDII）C类新增招商银行旗下招赢通平台为销售机构。现将有关事项公告 如下： 网址：www.rtfund.com 客户服务电话：400-883-8088（免长途话费）；0755-26948088 三、风险提示 本基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈利，也不保 证最低收益。基金的过往业绩及其净值高低并不预示其未来业绩表现。投资有风险，敬请投资者在投资 基金前认真阅读《基金合同》和《招募说明书》等基金法律文件，了解基金的风险收益特征，并根据自 身的风险承受能力选择适合自己的基金产品。敬请投资者在购买基金前认真考虑、谨慎决策。 特此公告。 融通基金管理有限公司 2026年1月12日 ...

Group 1 - Institutional investors have shown interest in 41 stocks this week, with 6 stocks receiving target prices [1] - Kelu Electronics received an "Outperform" rating from Guosen Securities, with a target price of 9.70 to 10.10 CNY, while the latest closing price was 8.13 CNY [1] - Lepu Medical was rated "Overweight" by Guojin Securities, with a target price of 21.00 CNY, and the latest closing price was 19.45 CNY [1] Group 2 - Mcland received a "Buy" rating from Everbright Securities, with a target price of 56.65 CNY, and the latest closing price was 53.24 CNY [1] - Other stocks such as China Merchants Bank, Weidao Nano, and Zhongtong Bus also received initial attention from institutions this week [1]