1月5日金融一线消息，#8家银行APP仅1家展示持有收益率#这一话题冲上热搜，引起网友热议。 1月5日金融一线消息，#8家银行APP仅1家展示持有收益率#这一话题冲上热搜，引起网友热议。 据媒体报道，近日，有记者实测了8家主要银行APP，了解其在客户持仓业绩展示上的具体情况。包括 工商银行、建设银行、招商银行、兴业银行、民生银行、微众银行、网商银行、上海银行。 实测发现，目前手机银行App的产品页面展示的一般为不同时间维度下的年化收益率，如成立以来、近 一年、近一月、近三月等。"哪个高展示哪个"，也一度是行业最为常见的营销手段。 8家受测银行APP中，仅一家银行在持仓业绩展示中体现持有年化收益率这一数据，理财客户能够更为 直观地通过这一数据对比自己持仓产品详情页展示的过往收益与自己购买后的持仓收益。 对此，有网友表示：冲着高收益率买理财，结果实际收益差一大截。 还有网友表示：收益率藏着不少猫腻，普通投资者太难甄别了。 责任编辑：李琳琳 据媒体报道，近日，有记者实测了8家主要银行APP，了解其在客户持仓业绩展示上的具体情况。包括 工商银行、建设银行、招商银行、兴业银行、民生银行、微众银行、网商银行、上海银行。 ...

Core Viewpoint - The Chinese banking industry is undergoing a significant transformation, with banks redeeming high-cost preferred shares and issuing perpetual bonds as a more cost-effective financing alternative, driven by declining social financing costs and regulatory changes [2][4][11]. Group 1: Redemption of Preferred Shares - By the end of 2025, a total of 9 banks announced the redemption of preferred shares, amounting to 111.8 billion RMB in domestic preferred shares and 5.72 billion USD in foreign preferred shares [4]. - In December 2025 alone, five banks, including Changsha Bank and Beijing Bank, redeemed a total of 45.8 billion RMB in preferred shares [3]. - The redemption of preferred shares is facilitated by their lack of maturity dates but includes redemption clauses, allowing banks to manage capital flexibly [4]. Group 2: Issuance of Perpetual Bonds - As of December 31, 2025, Chinese commercial banks issued 69 perpetual bonds, raising a total of 821.8 billion RMB, marking a historical high in both issuance quantity and scale [5]. - The interest rates for newly issued perpetual bonds generally ranged from 2.0% to 2.9%, the lowest in nearly three years, with a significant issuance peak occurring in the second half of 2025 [5][6]. - The issuance of perpetual bonds is seen as a response to the urgent need for capital replenishment, especially among small and medium-sized banks facing declining capital adequacy ratios [2][6]. Group 3: Cost Savings and Financial Efficiency - By replacing preferred shares with perpetual bonds, banks can save at least 3% annually on interest expenses, significantly reducing their financing costs [8][10]. - For instance, the interest rate on newly issued perpetual bonds is substantially lower than that of previously issued preferred shares, with examples showing potential annual savings of 12.8 million RMB for banks like Industrial Bank [10]. - The transition from preferred shares to perpetual bonds is viewed as a strategic move to optimize capital structure and reduce interest payment burdens, aligning with regulatory requirements [8][10]. Group 4: Regulatory Environment and Market Dynamics - The shift towards perpetual bonds is influenced by regulatory changes that favor capital instruments with loss absorption capabilities, making traditional preferred shares less attractive [11]. - The approval process for issuing perpetual bonds is simpler and faster compared to preferred shares, which require dual regulatory approvals, thus enhancing their appeal to banks [11]. - The current low-interest-rate environment is expected to persist, allowing banks to lock in low financing costs for the next 5 to 10 years, effectively mitigating the pressure from narrowing net interest margins [10].

21世资管研究院研究员 杨梦雪 你知道自己购买的理财产品实际收益率，以及实际收益率与理财产品页面所展示的收益率有多少差距吗？ 不少银行理财投资者向《21世纪经济报道》反映称，冲着页面展示的高达5%甚至7%的收益率数据买进去，结果发现实际获得的收益并不高，但也不知道是 怎么回事、具体差异有多少。 "当时看到页面展示的收益率还可以就买了，后面也没在意过。我大概能知道我的收益率到不了页面展示的那么高，但实际到底差多少，我不会算也就没关 注过了。"某投资者对记者表示。 《21世纪经济报道》曾多次报道银行理财行业中部分理财公司存在的"打榜"现象，即，通过估值魔法以及其他方式包装出收益数据很高的新产品用于吸引客 户和资金，待"使命"完成便沦为庸常的老产品，前期被高收益数据吸引而来的投资者实际享受不到产品所展示的诱人业绩。 该现象背后，主要成因固然是银行理财产品管理层面的把戏，但是，一些渠道在客户持仓产品业绩展示上是一本糊涂账，导致投资者很难了解到真实情况， 这某种程度上也是推手之一。 银行理财是最具普惠性的财富管理工具，其绝大部分的客户都是个人投资者，产品展示功能和客户服务尤其重要。据银行业理财登记托管中心数据，理财市 ...

公司治理与基础合规双重审视 2025年，严监管风暴席卷国有大行体系。从已公开的罚单信息来看，中国银行、工商银行、交通银行、 邮储银行、农业银行均收到了单笔罚没金额超千万元的巨额罚单。 银行业年度"最贵"罚单被国有大行收下。2025年10月，中国银行因"相关公司治理、贷款、同业、票 据、资产质量、不良资产处置等业务管理不审慎"等问题，被国家金融监督管理总局处以9790万元的巨 额罚款。 "监管不仅关注单个业务违规，还将目光投向董事会履职有效性、内控流程完整性、风险文化健全性等 深层次问题。"一位华东区银行资深从业人士指出。 同样在10月，农业银行因相关产品销售、服务收费不合规，信贷资金流向管理不审慎等问题被罚2720万 元；邮储银行因贷款业务、互联网贷款业务绩效考核、合作业务等管理不审慎，于9月被罚2791.67万 元。 （原标题：近30笔千万级罚单！2025年银行业罚单大盘点） 2025年，中国银行业在"严监管、强问责、零容忍"的基调中经历着洗礼，监管处罚呈现出显著的"量价 齐升"态势，大额罚单频现，处罚力度加码。 纵观全年，根据国家金融监督管理总局、中国人民银行以及国家外汇管理局等公开披露，银行业单笔处 罚 ...

Core Viewpoint - In 2025, the Chinese banking industry is undergoing significant regulatory scrutiny characterized by "strict regulation, strong accountability, and zero tolerance," leading to a notable increase in both the quantity and severity of penalties imposed on banks [1]. Group 1: Regulatory Environment - The number of penalties exceeding 10 million yuan in the banking sector reached nearly 30, affecting various types of institutions including state-owned banks, policy banks, joint-stock banks, city commercial banks, private banks, and bank-affiliated wealth management subsidiaries [2]. - Regulatory focus has expanded beyond traditional areas like credit management to include corporate governance, related party transactions, anti-money laundering, data security, and wealth management business oversight [2][4]. Group 2: Major Penalties - Major state-owned banks such as Bank of China, Industrial and Commercial Bank of China, and Agricultural Bank of China received substantial fines, with Bank of China facing a fine of 97.9 million yuan for issues related to corporate governance and asset quality management [4]. - In December 2025, China Communications Bank was fined 68.07 million yuan for violating multiple regulations, including account management and anti-money laundering obligations [4][5]. Group 3: Compliance and Risk Management - The penalties highlight a trend of inadequate compliance and risk management across various banking operations, including loan management, interbank transactions, and wealth management [7][10]. - The regulatory environment has intensified scrutiny on compliance with anti-money laundering regulations, with significant fines imposed for failures in customer identity verification and transaction reporting [8][9]. Group 4: Emerging Business Areas - New banking business models, such as wealth management subsidiaries and direct banks, are also facing strict regulatory penalties, indicating that the regulatory environment is not limited to traditional banking practices [13]. - For instance, Jiaoyun Wealth Management was fined 17.5 million yuan for non-compliance in product information disclosure and post-investment management [13]. Group 5: Double Penalty System - The implementation of a "double penalty system" has become prevalent, where not only institutions are fined but also individual responsible parties face penalties, enhancing accountability within financial institutions [15]. - This system links the career prospects of involved personnel directly to the compliance performance of their institutions, thereby increasing regulatory pressure [15]. Group 6: Future Outlook - The ongoing trend of strict regulation and accountability is expected to continue, prompting banks to improve their internal governance structures and compliance management systems [16]. - The adjustments in business processes and increased technological investments are anticipated to have a profound impact on the operational models and competitive landscape of the banking industry [16].

Core Viewpoint - In 2025, the Chinese banking industry is undergoing significant regulatory scrutiny characterized by "strict regulation, strong accountability, and zero tolerance," leading to a notable increase in both the quantity and amount of penalties imposed on various banking institutions [1]. Regulatory Penalties Overview - The number of penalties exceeding ten million yuan has reached nearly 30, affecting a wide range of institutions including state-owned banks, policy banks, joint-stock banks, city commercial banks, private banks, and bank-affiliated wealth management subsidiaries [1]. - Penalties are not limited to traditional areas like credit management but also extend to corporate governance, related party transactions, anti-money laundering, data security, and wealth management [2]. Corporate Governance and Compliance - Major state-owned banks such as Bank of China, Industrial and Commercial Bank of China, and Agricultural Bank of China have received substantial fines for issues related to corporate governance and business management [3]. - The largest penalty of the year was imposed on Bank of China, amounting to 97.9 million yuan for various management issues [3]. - Regulatory focus has shifted to deeper issues such as the effectiveness of board responsibilities and the integrity of internal control processes [3]. Compliance and Anti-Money Laundering - There has been an intensified crackdown on compliance, particularly in the anti-money laundering sector, with significant fines imposed on banks for failing to adhere to basic financial management regulations [4]. - For instance, China Merchants Bank was fined 68.07 million yuan for violating 11 regulations related to account management and anti-money laundering [4]. Business Management Issues - The primary reasons for penalties in the banking sector include: - Inadequate management across various business areas such as loans, interbank transactions, and wealth management [6]. - Non-compliance with anti-money laundering responsibilities, including failure to identify customers and report suspicious transactions [7]. - Violations in foreign exchange and investment operations, including illegal currency transactions and improper investment disclosures [8]. - Insufficient implementation of regulatory requirements, leading to non-compliance in data reporting and employee management [9]. Emerging Business Areas - New banking business models, including wealth management subsidiaries and direct banks, have also faced penalties, indicating strict regulatory oversight in these emerging sectors [11]. - For example, a wealth management subsidiary was fined 17.5 million yuan for non-compliance in product information disclosure and post-investment management [12]. Double Penalty System - The implementation of a "double penalty system" has become a significant aspect of regulatory actions, where both institutions and responsible individuals face penalties [13]. - This system aims to link the career prospects of involved personnel directly to the compliance performance of their institutions, thereby enhancing accountability [14]. Summary of Penalties - A detailed overview of penalties reveals that various banks have faced significant fines for a range of compliance failures, with amounts often exceeding ten million yuan [15][16].

Market Overview - The city commercial bank sector experienced a decline of 0.33% on December 31, with Xiamen Bank leading the drop [1] - The Shanghai Composite Index closed at 3968.84, up 0.09%, while the Shenzhen Component Index closed at 13525.02, down 0.58% [1] Individual Bank Performance - Qilu Bank closed at 5.74, up 1.77% with a trading volume of 848,200 shares and a transaction value of 485 million [1] - Suzhou Bank closed at 8.29, up 0.24% with a trading volume of 263,500 shares and a transaction value of 219 million [1] - Xiamen Bank closed at 7.34, down 1.08% with a trading volume of 133,200 shares and a transaction value of 97.8 million [2] - Nanjing Bank closed at 11.43, down 0.78% with a trading volume of 235,600 shares and a transaction value of 270 million [2] Capital Flow Analysis - The city commercial bank sector saw a net inflow of 201 million from institutional investors, while retail investors experienced a net outflow of 9.56 million [2] - The capital flow for individual banks shows that Shanghai Bank had a net inflow of 48.9 million from institutional investors, while Hangzhou Bank had a net outflow of 50.55 million [3] - Suzhou Bank recorded a net inflow of 30.66 million from institutional investors, while retail investors had a net outflow of 27.1 million [3]

Group 1 - The event "I am a Shareholder" was organized by Dongfang Securities in collaboration with Shanghai Stock Exchange and other institutions to enhance communication between listed companies and investors [1][3] - Shanghai Bank's Secretary of the Board, Li Xiaohong, shared insights on the bank's development history, main business, market positioning, and future strategy to provide investors with a comprehensive understanding of the bank's operations and industry status [3][6] - Investors had the opportunity to engage directly with Shanghai Bank's management, asking questions about strategic planning, business features, and dividend policies, which were addressed by Li Xiaohong and department heads [3][7] Group 2 - The event included a visit to Shanghai Bank's Puxi branch, showcasing its historical significance and modern design, emphasizing the bank's commitment to customer service and community engagement [6] - Dongfang Securities plans to continue strengthening investor protection and education, aiming to enhance investors' awareness and rights, contributing to the high-quality development of the capital market [7] - Participants expressed high appreciation for the event, highlighting its role in facilitating direct communication with the company and reinforcing the commitment to protecting investor rights and supporting the real economy [7]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601187 | 厦门银行 | 7.42 | -1.85% | 14.08万 | 1.04亿 | | 600928 | 西安银行 | 3.71 | -1.07% | 18.10万 | 6755.34万 | | 601963 | 重庆银行 | 10.90 | -0.82% | 12.16万 | 1.32亿 | | 601169 | 北京银行 | 5.48 | -0.72% | 121.96万 | 6.70亿 | | 6000009 | 南京银行 | 11.52 | -0.60% | 29.57万 | 3.41 乙 | | 002936 | 郑州银行 | 1.93 | -0.52% | 56.10万 | 1.09亿 | | 601577 | 长沙银行 | 9.74 | -0.51% | 10.98万 | 1.07亿 | | 601838 | 成都银行 | 16.12 | -0.31% | 29.85万 | 4.81亿 | | 002948 | 青岛银行 ...

Core Viewpoint - The company is involved in a legal dispute concerning financial loan agreements, with the court ruling in favor of the company, requiring repayment from the defendants, but the outcome will not significantly impact the company's current or future profits [2][3][4][9]. Group 1: Lawsuit Details - The company’s Shenzhen branch is the plaintiff in two financial loan contract disputes against Shenzhen Shenye Logistics Group Co., Ltd. and others, with the total loan amounts of RMB 34.772 billion and RMB 38.99 billion, including interest and penalties [2][3]. - The Guangdong High People's Court has accepted the cases, with specific case numbers assigned [3]. Group 2: Court Ruling - The court ruled that Shenye Logistics must repay RMB 34.772 billion and RMB 38.99 billion along with corresponding interest and overdue penalties within ten days of the ruling [4][5]. - The court also ordered Shenye Logistics to pay legal fees of RMB 200,000 for each case [5]. - The company holds mortgage rights over properties provided by Shenye Logistics and Baoneng Real Estate, allowing priority in repayment from the sale of these properties [5][6]. Group 3: Liability and Responsibilities - Baoneng Investment is jointly liable for the repayment of RMB 34.772 billion and associated costs, with the right to seek reimbursement from Shenye Logistics after fulfilling its obligations [6][7]. - Baoneng Holdings, Yao Zhenhua, and Baoneng Investment are also jointly responsible for the repayment of RMB 38.99 billion and related costs, with similar rights to seek reimbursement [7]. Group 4: Financial Impact - The lawsuit's progress is not expected to have a significant impact on the company's current or future profits [2][9].