Core Viewpoint - Fujian Cement has disclosed its current holdings in financial institutions, specifically holding shares in Industrial Bank and Industrial Securities as of December 30 [2] Group 1 - Fujian Cement holds 30.888 million shares of Industrial Bank [2] - Fujian Cement holds 5.08014 million shares of Industrial Securities [2]

麦肯锡将行业当前阶段，描述为"巅峰之后，拐点之前"。在资本市场，你能找到这句话最形象的解释。 在经历了2018年的巅峰时刻（PB>1，指数累计涨幅超过80%）后，银行股迎来了长达四年的下行周期——地缘摩擦导致全球经济下行压力，资管新规落 地带来行业阵痛，包商银行破产进一步发酵行业风险预期......2022年10月，银行股估值跌落至0.49倍PB的历史低谷。 2026年的银行业，会比现在更好吗？ 此后各种猛药轮番上阵——中央汇金时隔十年再度增持、长期资金不断加码、地产风险有序出清......银行板块开始了缓慢复苏。 所谓拐点，绝非仅仅是业绩和估值修复的拐点，它应是全行业发展思路变化之拐点，应是增长模式切换之拐点，应是客群经营风格转换之拐点。告别陈旧 模式堆砌的巅峰，拥抱新纪元的阵痛和机遇。 惟其如此，熬过的寒冬才有价值。 01 银行业的低谷，早该来了。 从利润表现来看，2003年开始的18年里，银行业始终稳居前三。而在2021年之后的四年里，银行业更是一骑绝尘。 今年三季度，行业净息差降幅显著收窄，估值回升至0.7倍，似离黎明不远，申万宏源等机构更是明牌：2026年，迎银行长牛。 没人会否认中国银行业的光明前 ...

Core Viewpoint - The article emphasizes the importance of deepening cross-border investment and financing foreign exchange management reforms to support high-quality development of the real economy, with a focus on the initiatives taken by Industrial Bank's Xiamen branch to enhance financial services for enterprises and rural revitalization [1]. Group 1: Cross-Border Financing Initiatives - Industrial Bank's Xiamen branch has tailored cross-border financing solutions for local enterprises, such as a private food company, to address challenges like high financing costs and inefficient fund usage [2]. - The bank has leveraged favorable policies to help enterprises increase their foreign debt financing limits and access low-cost foreign funds, completing over 600 million Japanese yen in foreign debt registration in just one working day [2][3]. - Digital tools have been employed to streamline fund management, enabling online operations for foreign debt funds after due diligence [2]. Group 2: Risk Management Solutions - To mitigate risks associated with interest rate and exchange rate fluctuations, the bank offers foreign exchange derivative products that convert floating-rate foreign debt to fixed rates and lock in exchange rates [3]. - This financial support has allowed the food company to expand its procurement from upstream farmers and enhance its product offerings tailored for rural markets [3]. Group 3: Comprehensive Service System - The case of the food company illustrates the bank's implementation of foreign exchange facilitation policies, creating a comprehensive service system for both corporate and individual cross-border business [4]. - The bank has optimized its business processes through digital transformation, significantly reducing the time required for cross-border trade foreign exchange transactions to under five minutes [4]. - In personal foreign exchange services, the bank has introduced specialized services for foreign employees, including online salary exchange and cross-border salary distribution, benefiting nearly 120 companies [4]. Group 4: Future Directions - Moving forward, Industrial Bank's Xiamen branch aims to continue supporting quality enterprises and enhancing the business environment in Xiamen, contributing to the high-quality development of foreign trade [5].

Core Viewpoint - The A500 ETF Southern (159352) is experiencing significant market activity and positive performance, reflecting a broader bullish sentiment in the Chinese stock market, particularly as it approaches key resistance levels like the 4000-point mark on the Shanghai Composite Index [1][2]. Group 1: A500 ETF Performance - As of December 30, 2025, the A500 ETF Southern (159352) increased by 0.48%, with a turnover rate of 18.06% and a total transaction volume of 8.405 billion yuan, indicating active market participation [1]. - In the past five trading days, the A500 ETF Southern saw net inflows on four occasions, totaling 6.774 billion yuan [1]. - The A500 ETF closely tracks the CSI A500 Index, which is recognized as a "barometer of China's new productive forces," covering approximately 90 sub-industries and focusing on industry leaders and ESG criteria [1]. Group 2: Index Composition and Strategy - The top ten weighted stocks in the CSI A500 Index include major companies such as CATL, Kweichow Moutai, and Ping An Insurance, highlighting the index's focus on significant market players [1]. - The index employs a unique construction logic that prioritizes industry leaders and excludes negative ESG performers, aligning with national strategic industries and providing a diversified investment vehicle [1]. - The A500 ETF Southern offers a low management fee of 0.15% and a custody fee of 0.05%, making it an attractive option for investors seeking high precision and low-cost investment channels [2]. Group 3: Market Outlook - Guotai Junan Securities predicts that the Chinese stock market will stabilize and surpass critical levels, with the potential for a "transformation bull market" as the Shanghai Composite Index reaches new highs [2]. - The A500 ETF Southern is noted for its low tracking error and significant excess return rates, reinforcing its position as a reliable investment tool in the current market environment [2].

Core Viewpoint - The People's Bank of China has introduced an action plan to enhance the management and service system of the digital renminbi, which will take effect from January 1, 2026, allowing banks to pay interest on customers' real-name digital renminbi wallet balances [2][3] Group 1: Digital Renminbi Overview - The digital renminbi, a legal digital currency issued by the People's Bank of China, can be used in various scenarios such as transportation, dining, shopping, and utility payments [3] - The action plan establishes a framework for measuring digital renminbi and incorporates it into the reserve requirement system, marking a transition from a cash-like version to a deposit currency version [3] Group 2: Interest Payment Mechanism - Banks will pay interest on customers' real-name digital renminbi wallet balances, adhering to self-regulatory pricing agreements for deposit interest rates [3] - The digital renminbi will transition from being considered "electronic change" to "digital deposits" that earn interest [3] Group 3: Wallet Types and Management - Digital renminbi personal wallets can be opened through designated operating institutions, which currently include 10 banks [4] - Wallets are categorized into four types based on identity verification strength, with varying levels of anonymity and balance limits [4][6] - The first two wallet types require bank account binding, while the third and fourth types have additional operational requirements for recharging or returning funds to banks [4] Group 4: Interest Accrual and Limits - Different wallet types have specific balance limits, with the first type having no upper limit and the second to fourth types capped at 500,000, 20,000, and 10,000 respectively [6] - Not all wallet types will earn interest; only real-name wallets (first, second, and third types) will receive interest based on the People's Bank of China's rules for current deposit interest [6] - The digital renminbi is included in the deposit insurance scheme, providing the same level of security as bank deposits [6] Group 5: Transaction Statistics - As of November 2025, the digital renminbi has processed 3.48 billion transactions, with a total transaction amount of 16.7 trillion yuan, and 230 million personal wallets have been opened [7]

Core Viewpoint - The current financial work emphasizes deepening cross-border investment and financing foreign exchange management reforms to support high-quality development of the real economy [1] Group 1: Cross-Border Financing and Support for Enterprises - Xiamen branch of Industrial Bank actively responds to the call for high-level opening-up, utilizing foreign exchange reform to convert policy benefits into practical services for enterprises [1] - A private food company in Xiamen, referred to as Company A, utilizes an order-based agricultural model to drive local agricultural development but faces challenges such as high financing costs [2] - The bank customizes cross-border financing solutions for Company A, helping to expand foreign debt financing limits and streamline processes, completing over 600 million Japanese yen foreign debt registration in just one working day [2][3] Group 2: Risk Management and Business Expansion - The bank offers foreign exchange derivative products to convert floating-rate foreign debt into fixed rates, mitigating interest rate and exchange rate risks for enterprises [3] - With the financial support, Company A expands its procurement scale, enhances its industry cooperation model, and increases R&D investment to launch products suitable for rural markets [3] Group 3: Comprehensive Service System for Enterprises and Individuals - The case of Company A exemplifies the bank's implementation of foreign exchange facilitation policies, creating a comprehensive service system for cross-border business [4] - The bank's digital transformation enhances efficiency in foreign exchange services, allowing enterprises to complete transactions online, significantly reducing processing time [4] - The bank also introduces specialized services for cross-border salary payments, addressing the needs of foreign employees and improving the service experience for companies [4] Group 4: Future Directions - The bank plans to continue its commitment to serving the real economy, ensuring more quality enterprises and livelihood scenarios benefit from policy advantages, thereby contributing to high-quality development of foreign trade in Xiamen [5]

12月29日金融一线消息，兴业银行公告称，今日，公司收到《国家金融监督管理总局关于兴业银行修改 公司章程的批复》（金复〔2025〕762 号），本公司修订后的公司章程已于 2025 年 12 月 26日获国家金 融监督管理总局核准并生效。 自公司章程核准之日起，公司不再设置监事会，由董事会审计与关联交易控制委员会行使《中华人民共 和国公司法》及其他法律、监管法规规定的相应职权；监事会下设的各专门委员会一并撤销；《兴业银 行股份有限公司监事会议事规则》《兴业银行股份有限公司监事会各委员会工作规则》等监事会相关公 司治理文件同时废止。 张国明、余祖盛、林舒、朱青、孙铮不再担任公司监事及监事会相关职务，其均已确认与公司无不同意 见，亦无与其不再担任监事有关的其他事项需要通知公司股东及债权人。 责任编辑：王馨茹 12月29日金融一线消息，兴业银行公告称，今日，公司收到《国家金融监督管理总局关于兴业银行修改 公司章程的批复》（金复〔2025〕762 号），本公司修订后的公司章程已于 2025 年 12 月 26日获国家金 融监督管理总局核准并生效。 自公司章程核准之日起，公司不再设置监事会，由董事会审计与关联交易控制委 ...

1 第一章 总 则 第二章 董事会构成与职权 第三章 会议召集 第四章 议事与表决 第五章 会议记录 第六章 附 则 第一章 总 则 兴业银行股份有限公司董事会议事规则 （2025 年修订） 目 录 第一节 一般议事规定 第二节 特别议事规定 第一条 为规范兴业银行股份有限公司（以下简称本行） 董事会运作，保障董事会依法独立、规范、有效地行使职权， 根据《中华人民共和国公司法》《中华人民共和国商业银行 法》《银行保险机构公司治理准则》《上市公司章程指引》 《上市公司治理准则》等法律、行政法规、规章及《兴业银 行股份有限公司章程》（以下简称"本行章程"）的规定， 特制定本规则。 第二条 董事会是本行决策机构，遵照有关法律、行政 法规、规章及本行章程的规定履行职责。 第二章 董事会构成与职权 第三条 本行董事会由十三至十九名董事组成，其中独 立董事人数原则上不低于董事会成员总数的三分之一；设董 事长一名，可根据需要设副董事长一名。董事长和副董事长 由本行董事担任，由全体董事的过半数选举产生和解任。董 事会成员的结构应符合法律、行政法规、规章和有关监管机 关的规定。 第四条 本行董事会行使下列职权： （一）召集股东 ...

兴业银行股份有限公司股东会议事规则 （2025 年修订） 目 录 第一章 总 则 第二章 股东会的职权 第三章 股东会的召集 第四章 独立董事、董事会审计与关联交易控制委员会、 股东提议召开的临时股东会 第五章 提案 第六章 议事和表决 第一节 一般议事规定 第二节 特别议事规定 第七章 会议记录和决议 第八章 其他规定 第九章 附 则 1 第一章 总 则 第一条 为规范兴业银行股份有限公司（以下简称本行） 股东会的组织和行为，保证股东会依法、规范、高效地运作， 确保股东有效地行使职权，保障股东的合法权益，根据《中 华人民共和国公司法》《中华人民共和国证券法》《中华人 民共和国商业银行法》《银行保险机构公司治理准则》《上 市公司章程指引》《上市公司股东会规则》等法律、行政法 规、规章及《兴业银行股份有限公司章程》（以下简称"本 行章程"）的规定，特制定本规则。 （七）对本行增加或者减少注册资本作出决议； 第二条 股东会由本行全体股东组成。股东会是本行的 权力机构，依法行使法律、行政法规、规章及本行章程规定 的各项职权，不得干涉股东对自身权利的处分。 第二章 股东会的职权 第三条 本行股东会依法行使下列职权： ...

兴业银行股份有限公司章程 ［2025 年 9 月 17 日经兴业银行股份有限公司 2025 年第一次临时 股东会审议通过，2025 年 12 月 26 日经国家金融监督管理总局 （金复〔2025〕762 号）核准生效］ — 1— 目 录 第六章 董事和董事会 — 2 — 第一章 总 则 第二章 经营宗旨和范围 第三章 股 份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四节 优先股的特别规定 第四章 党组织 第五章 股东和股东会 第一节 股东 第二节 控股股东、实际控制人 第三节 股东会的一般规定 第四节 股东会的召集 第五节 股东会的提案和通知 第六节 股东会的召开 第七节 股东会的表决和决议 第一节 董事的一般规定 第二节 独立董事 第三节 董事会 第四节 董事会秘书 第七章 行长和高级管理层 第二节 解散和清算 — 3— 第八章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第九章 通知和公告 第一节 通知 第二节 公告 第十章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第十一章 修改章程 第十二章 附 则 ...