Core Viewpoint - A new round of deposit interest rate cuts has begun, with major banks reducing rates on large-denomination certificates of deposit (CDs), indicating a shift in the banking sector aimed at alleviating interest margin pressure and better serving the real economy [1][5]. Group 1: Interest Rate Changes - Major state-owned banks have lowered the annualized interest rates on 1-month and 3-month large-denomination CDs to below 1%, with some products seeing a maximum reduction of 35 basis points [1][2]. - The latest rates for China Bank's CDs are 0.9% for 1-month and 3-month terms, and 1.1% for 6-month terms, marking a significant decrease from previous rates [2][3]. - Other banks, including Industrial and Agricultural Banks, have also reduced their 1-month and 3-month CD rates to 0.9% [4]. Group 2: Implications for Banks and Investors - The reduction in deposit rates is expected to help stabilize banks' net interest margins, which have been under pressure, as evidenced by a 9 basis point decline to 1.43% in the first quarter of this year [5][6]. - Analysts suggest that investors should adjust their expectations for investment returns and consider a diversified asset allocation strategy, including cash management products and government bonds, in light of declining deposit rates [6].

日前，招商银行发布公告称，该行将于4月9日起停止ATM扫码存款服务，后续，客户可持银行卡，通过招商银行ATM或前往该行营业网点办理存 款业务。 近年来，多家银行都在收紧无卡存取款业务。谈及调整此类业务的原因，多家银行表示，是基于优化金融服务、风险管理以及成本效率等方面的 考量。 （原标题：超50家银行宣布暂停各类无卡业务） 你有多久没用过ATM扫码存款了？ 从用户角度来看，随着移动支付的兴起，现金使用频率降低，银行相继关闭ATM二维码存款功能，与保护客户资金安全、相关功能使用起来较为 繁琐等多种原因有关。 近一年来，超50家银行暂停各类无卡业务 据不完全统计，近一年来已经有超过50家银行机构宣布，停止无卡存款、无卡取款、扫描取款等各类业务。 去年三、四月份，多家国有大行率先作出调整 比如，工商银行率先表示，其个人手机银行无卡取现功能已于去年4月17日起暂停服务，客户可通过ATM机手机银行扫码取现功能提取现金，或 在ATM机上插卡提现。 交通银行随后发布公告称，于2024年5月24日起停止个人手机银行无卡取款功能中的预约取款服务。客户仍可通过交通银行智能机具办理有卡取 款、扫码取款或前往银行营业网点办理取款业务 ...

兴业银行 20260210 摘要 兴业银行过去五年在规模、客户和结构优化方面取得显著进展，尤其在 制造业、绿色和科技领域领先股份制银行，不良贷款率降至 1.08%，拨 备覆盖率升至 228%，为未来发展奠定基础。 兴业银行 2026 年战略聚焦产业金融，打造科技金融、绿色金融、财富 银行和投资银行四张名片，全年计划新增企业贷款约 3,000 亿，零售贷 款力争实现正增长，对公业务重点关注绿色与科技领域。 兴业银行 2025 年存款增速达 7%，总量增加近 4,000 亿，零售存款贡 献大。通过收单代发等交易结算场景建设，提升低成本结算性存款比例 至 40%，降低整体负债成本，预计 2026 年定期存款到期承接保持稳定。 面对 2026 年 5,400 多亿高成本定期存款到期，兴业银行计划通过续做 和推出零钱加、存款加、固收加、跨境加等多元化财富产品吸引资金， 实现资金在体系内沉淀。 兴业银行预计 2026 年息差降幅收窄，一季度或先下行后企稳，年底有 望回升。新发存款利率与存量利差约 150BP，通过做实场景和客户基础 建设，有望进一步降低负债成本 20BP 左右。 Q&A 兴业银行在 2026 年的资产和信 ...

Core Viewpoint - The article discusses the significant fluctuations in gold prices and the resulting adjustments in gold repurchase policies by various companies and banks to manage risks and operational pressures [1][4][5]. Group 1: Gold Price Fluctuations - As of February 11, 2026, spot gold prices increased by 0.34% to $5044.7 per ounce, while spot silver rose over 1% [1]. - Year-to-date, London gold has risen by 16.82%, and London silver has increased by 14.47% [2]. Group 2: Adjustments in Repurchase Policies - Starting February 7, 2026, China Gold will suspend gold repurchase services on non-trading days, including weekends and public holidays, to adapt to market risk management requirements [4]. - Beijing Caishikou Department Store has also updated its repurchase rules, halving the daily gold repurchase limit from 200 kilograms to 100 kilograms [4]. Group 3: Risk Management Measures - The adjustments in repurchase policies are primarily due to the significant volatility in gold prices, which complicates fair pricing and increases operational pressures on gold retailers [5][6]. - Analysts expect more gold retailers to follow suit in tightening repurchase policies, focusing on risk control and operational efficiency [6]. Group 4: Bank Policies on "Three No" Clients - Several banks have begun to limit services for "Three No" clients (no positions, no inventory, no debts), reflecting a broader trend of tightening regulations in the gold trading sector [7][9]. - Since September 2025, at least 11 banks have announced adjustments to their gold trading services, including suspending new trades and closing accounts for inactive clients [9].

Core Viewpoint - The recent volatility in gold prices has led to significant adjustments in gold repurchase policies by various gold retailers and banks in China, aimed at risk management and operational efficiency [1][2][3]. Group 1: Adjustments in Gold Repurchase Policies - China Gold announced the suspension of gold repurchase services on non-trading days starting February 7, 2026, to manage risks associated with price volatility [1][2]. - Beijing Caishikou Department Store has also updated its gold repurchase rules, halting services on weekends and holidays, and reducing the daily gold repurchase limit from 200 kilograms to 100 kilograms [2]. - The adjustments include limits on repurchase amounts for individual customers, requiring advance reservations, with the limits dynamically adjusted based on market conditions [2][3]. Group 2: Market Conditions and Risk Management - The sharp increase and volatility in gold prices have made it difficult for retailers to establish fair repurchase prices, leading to potential disputes and financial pressure [3]. - Analysts expect more gold retailers to follow suit in tightening repurchase policies, focusing on risk control and operational cost management as high volatility becomes the norm [3]. - The Shanghai Gold Exchange has raised margin requirements and adjusted trading limits for gold contracts in response to market conditions, indicating a proactive approach to risk management [4]. Group 3: Banking Sector Adjustments - Several banks have begun to limit services for "three no" clients (no holdings, no inventory, no debts) in the gold trading sector, reflecting a broader trend of tightening regulations in response to market risks [4][5]. - Since September 2025, at least 11 banks have announced adjustments to their gold trading services, including suspending new trades and closing online trading channels for inactive clients [5][6]. - The banking sector's adjustments are part of a larger strategy to mitigate risks associated with market volatility, with a focus on compliance and operational integrity [6].

Group 1 - The company announced that starting from February 11, 2026, investors can open accounts, subscribe, redeem, and perform regular investment and conversion operations for certain funds through Chuangjin Qifu [1] - The company has signed a supplementary sales agreement with Beijing Chuangjin Qifu Fund Sales Co., Ltd. to enhance service offerings to investors [1] - Investors can enjoy fee discounts when subscribing or performing regular investment and conversion operations through Chuangjin Qifu, with the specifics determined by Chuangjin Qifu [2] Group 2 - The company will suspend subscription, conversion, and regular investment operations for the Ping An Jin Guanjia Money Market Fund from February 12 to February 23, 2026, while redemption and conversion out operations will continue [4][6] - The Ping An Zhongzheng Interbank Certificate of Deposit AAA Index 7-Day Holding Period Securities Investment Fund will also suspend similar operations during the same period [8][10] - The company will resume these operations on February 24, 2026, and will not issue further announcements regarding this resumption [4][8] Group 3 - The company has appointed Fangzheng Securities Co., Ltd. as a liquidity service provider for the Ping An Hang Seng Hong Kong Stock Connect Technology Theme ETF, effective February 11, 2026 [12] - The company has announced the establishment of the Ping An New Sharp Quantitative Stock Selection Mixed Fund, with the fund contract becoming effective on February 11, 2026 [21][22] - The company will handle subscription and redemption operations for the new fund within three months of the fund contract's effectiveness [22]

Core Viewpoint - The banking sector is experiencing a divergence in deposit strategies as the Chinese New Year approaches, with state-owned banks maintaining stable interest rates while some joint-stock and city commercial banks are actively raising rates and lowering deposit thresholds to attract customers [1][2][4]. Group 1: Deposit Rate Trends - State-owned banks like China Construction Bank and Industrial and Commercial Bank of China are offering fixed deposit rates of 1.1% for one year, 1.2% for two years, and 1.55% for three years, showing no changes in their deposit strategies [2][3]. - In contrast, joint-stock banks such as Industrial Bank are offering higher rates, with one-year fixed deposits at 1.3%, two-year at 1.4%, and three-year at 1.75%, which are above the rates offered by state-owned banks [2][3]. - City commercial banks are also increasing their deposit rates, with Huishang Bank offering a three-year fixed deposit rate of up to 1.95%, and recently lowering the minimum deposit requirement from 500,000 to 200,000 yuan [3][5]. Group 2: Marketing Strategies - Some banks are launching promotional activities to attract deposits, such as Industrial Bank's "Xing Speed" program, which offers rewards for customers who increase their financial assets [3]. - Ningbo Bank is targeting new customers with a "New Year Red" deposit campaign, offering a 1.95% interest rate for three-year fixed deposits with a minimum deposit of 200,000 yuan [3]. - Local rural commercial banks are also actively raising deposit rates and introducing unique deposit products to capture market share, with Guangxi Zhaoping Rural Commercial Bank offering rates of 1.4%, 1.65%, and 1.9% for one, two, and three-year deposits, respectively [5][6]. Group 3: Market Dynamics and Customer Recommendations - Analysts suggest that state-owned banks are strategically withdrawing from high-cost deposit competition to focus on wealth management services, while city commercial banks are using targeted deposit activities to support their lending and market share goals [4][6]. - Customers are advised to balance safety, yield, and liquidity when choosing deposit products, with recommendations to prioritize deposits in insured financial institutions and consider the duration and purpose of their funds [7][8]. - For short-term idle funds, large banks' products are recommended for liquidity, while long-term savings should focus on high-yield products from smaller banks to lock in current rates [8][9].

Core Viewpoint - The recent volatility in gold prices has led to significant adjustments in the gold repurchase policies of various companies, including China Gold and Beijing Caishikou Department Store, to manage risks and improve operational efficiency [3][4]. Group 1: Company Adjustments - China Gold will suspend its gold repurchase business on weekends and public holidays starting February 7, 2026, due to increased price volatility and uncertainty in the precious metals market [3][4]. - Beijing Caishikou Department Store has also updated its repurchase rules, halting operations on non-trading days and reducing the daily gold repurchase limit from 200 kilograms to 100 kilograms [3][4]. - The adjustments include limits on repurchase amounts for individual customers, requiring prior appointments, and these limits will be dynamically adjusted based on market conditions [3][4]. Group 2: Market Conditions - The gold market has experienced significant price fluctuations, with daily price changes exceeding 10% to 30%, which has surpassed market expectations [4]. - The suspension of repurchase activities on non-trading days is intended to align with market pricing mechanisms and avoid disputes over pricing due to the lack of fair market quotes [4]. - The overall industry is facing increased pressure from risk management and operational costs, with expectations that more gold retailers will follow suit in tightening their repurchase policies [4]. Group 3: Banking Sector Response - Several banks have begun to limit services for "three no" clients (no holdings, no inventory, no debts) in response to the heightened market risks associated with gold trading [5][6]. - Banks such as Industrial Bank and others have announced the closure of personal gold trading channels and the transfer of margin account balances for inactive clients [6][7]. - The banking sector's adjustments reflect a growing trend of risk management, transitioning from initial risk warnings to the orderly exit of existing clients [8].

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，兴业银行股份有限公司取得一项名为"结构化查询语句的调用方法、装置、 计算机设备"的专利，授权公告号CN117312367B，申请日期为2023年10月。 天眼查资料显示，兴业银行股份有限公司，成立于1988年，位于福州市，是一家以从事货币金融服务为 主的企业。企业注册资本2077419.0751万人民币。通过天眼查大数据分析，兴业银行股份有限公司共对 外投资了11家企业，参与招投标项目3748次，财产线索方面有商标信息591条，专利信息455条，此外企 业还拥有行政许可114个。 来源：市场资讯 ...

Core Viewpoint - A-share listed banks have shown positive growth in net profit for 2025, with all 11 banks reporting an increase, and four banks achieving double-digit growth, led by Qingdao Bank at 21.66% [1][5]. Group 1: Financial Performance - Qingdao Bank reported a net profit of 518.77 million yuan, up from 426.41 million yuan, marking a growth rate of 21.66% [2]. - Qilu Bank and Hangzhou Bank followed with net profit growth rates of 14.58% and 12.05%, respectively [5]. - In terms of total assets, China Merchants Bank leads with 13.07 trillion yuan, a year-on-year increase of 7.56% [4]. - The overall asset quality of the banks remains stable, with most banks reporting a decrease or stability in non-performing loan ratios [5][6]. Group 2: Revenue Trends - Revenue growth among the banks is varied, with only CITIC Bank experiencing a slight decline of 0.55% [4]. - Nanjing Bank led in revenue growth with a 10.48% increase, while Ningbo Bank and Qingdao Bank reported increases of 8.01% and 7.97%, respectively [4][5]. - The overall revenue growth for A-share listed banks is expected to improve in 2025, driven by narrowing interest margins and increased impairment contributions [9]. Group 3: Market Outlook - Analysts are cautiously optimistic about the banking sector's performance in 2026, with expectations of stable credit growth and improved profitability [9][10]. - The investment focus for 2026 includes identifying banks with potential for growth, particularly Ningbo Bank and China Merchants Bank, and those with convertible bond expectations like Industrial Bank [10]. - The overall market capitalization of the banking sector has surpassed 15 trillion yuan, reflecting a significant increase from the previous year [6].