中国证券报记者2月15日获悉，春节将至，数字人民币运营机构陆续推出了多样的数字人民币促消费红包发放、满减支付等活 动。进入数字人民币APP后，点击"新春用数币，马上有惊喜"栏目便可以查看活动详情。 图片来源：数字人民币APP 值得一提的是，2月16日的数币节与今年除夕恰巧在同一天。高峰表示，通过"银行＋平台"生态联动，数币支付正成为撬动数 字消费、绿色消费、普惠消费的新引擎，让每月16日不仅是支付优惠日，更是服务民生、繁荣市场、提振消费的数字化新实 践。 招商银行则开展了"招好运 币有礼"数字人民币主题惠民活动，以多重权益回馈广大用户，持续提升数字人民币服务体验。 招商银行数字人民币办公室主任陈曦介绍，活动期间，社会公众新开立招商银行数字人民币个人钱包，可获得专属消费红 包；同时，招行围绕民生刚需场景，上线生活缴费、咖啡茶饮、外卖、信用卡还款等多项场景立减优惠，并在数字人民币试 点城市的线下消费密集场所，发放数币支付福利。用户完成数字人民币支付后，还可参与闯关抽奖活动，活动福利覆盖更 广、体验更丰富。 "本次活动依托数字人民币APP与招商银行APP双平台联动推广，覆盖日常消费、金融服务、生活缴费等多元场景，让 ...

Investment Rating - The report maintains a "Positive" outlook for the banking sector in 2026, indicating a return to fundamental narratives supported by policy-driven financial tools [6][25]. Core Insights - The report highlights that in January 2026, social financing (社融) increased by 8.2% year-on-year, with a total increment of 7.22 trillion yuan, exceeding market expectations [9][10]. - The report emphasizes the resilience of asset expansion in the banking sector, supported by a concentrated repricing cycle of deposits, which is expected to stabilize net interest margins [25][26]. - It identifies two main investment themes: quality small and medium-sized banks with solid fundamentals and state-owned banks with defensive value [26]. Summary by Sections Social Financing and Loan Growth - In January 2026, social financing increased by 8.2% year-on-year, with a total increment of 7.22 trillion yuan, which is 1,654 billion yuan more than the previous year [9][10]. - The report notes that the increment in government bonds was significant, with an increase of 2,831 billion yuan, marking the highest level for January since 2020 [10]. - The report indicates that the growth rate of loans fell to 6.1% year-on-year, with new loans amounting to 4.71 trillion yuan, which is 4,200 billion yuan less than the previous year [13][14]. Deposit Growth and Monetary Aggregates - M1 and M2 growth rates showed a rebound, with M1 increasing by 4.9% year-on-year and M2 by 9.0% [21]. - The report states that new RMB deposits reached 8.09 trillion yuan, an increase of 3.77 trillion yuan year-on-year, driven by significant growth in corporate and non-bank deposits [21][24]. Investment Recommendations - The report suggests focusing on two investment lines: quality small and medium-sized banks such as Nanjing Bank, Ningbo Bank, and Chongqing Rural Commercial Bank, and state-owned banks like Bank of Communications and Industrial and Commercial Bank of China, which are rated as stable [25][26].

2月14日金融一线消息，中国人民银行山东省分行行政处罚决定信息公示表显示，交通银行股份有限公 司山东省分行存在以下违法行为类型，受到警告、通报批评，被罚款174.2万元。 1．违反金融统计相关规定； | 中国人民银行山东省分行行政处罚决定信息公示表（鲁银罚决字〔2026〕2号 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 序号 当事人名称 行政处罚决定 | 书文号 | 违法行为类型 | 行政处罚内容 | 作出行政处 罚决定机关 | 作出行政处 罚决定日期 | 公示期 限 | 备注 | | | | | | 名称 | | | | | | | 1．违反金融统计相关规 | | | | | | | | | 定； | | | | | | | | | 2．违反账户管理规定； | | | | | | | | | 3．违反数据安全管理规 | | | | | | | | | 定； | | | | | | | | | 4．违反人民币流通管理规 | | | | | | | | | 定； | | | | | | | 交通银行股 | 鲁银罚决字 | ...

转自：新华财经 随着海南自由贸易港建设蓬勃展开，高层次、国际化、多元化的社会需求日益增长。在这一进程中，如何满足居民日益显著的养老金融需求，构建与自贸港 定位相匹配的养老服务体系，成为金融业服务民生、贡献社会的重要课题。交通银行海南省分行立足海南区域特色，创新推出"丰沃共享 康养四季"属地养 老金融品牌，以系统性、专业化的金融服务体系，为自贸港银龄客群绘就美好生活图景。 金融活水润泽琼岛：精准赋能养老产业升级 "以前退休在家总觉得无所事事，现在每周都盼着来交行上课，既学到了知识，又交到了朋友。"年过七旬的王阿姨喜悦之情溢于言表。据统计，"银龄俱乐 部"今年启动以来已累计服务客户逾450人次，真正实现了让长者乐有所学、情有所寄。 定制财富规划：护航养老财富资产稳健增值 长寿时代到来，财务规划成为居民最关切的议题之一。交行海南省分行组建专业投研团队，立足自贸港特殊政策优势，为不同阶段客户量身定制覆盖全生命 周期的养老财富综合规划服务。 养老服务体系的完善，离不开产业端的蓬勃发展。紧抓海南建设国际旅游消费中心、大力发展健康产业的战略机遇，交行海南省分行将金融支持养老产业作 为重点发力方向，深入研究养老产业政策与市场 ...

Investment Rating - The industry rating is "Buy" [6] Core Insights - The overall social financing growth slightly declined to 8.2% in January, while M1 and M2 growth rates significantly rebounded, with M1 growing by 4.9% and M2 by 9.0% [6][16] - Government net financing increased significantly by 2,831 billion yuan year-on-year, contributing to the overall social financing growth [6][17] - The report indicates a shift in deposit structure due to accelerated deposit migration, impacting M1 negatively while having limited effect on M2 [6][16] Summary by Sections Overall Situation - Social financing growth decreased slightly to 8.2%, while M1 and M2 growth rates increased significantly [15][16] - M1 and M2 growth rates rose by 1.1 percentage points and 0.5 percentage points respectively compared to the previous month [6][16] Government Sector - Fiscal strength showed a year-on-year decline, impacting overall financing dynamics [39] Household Sector - Demand remained stable year-on-year, with short-term loan demand increasing [39] Corporate Sector - Short-term loan demand increased year-on-year, while bill financing saw a significant reduction [39] Non-Bank Sector - The acceleration of deposit migration was noted, with non-bank deposits increasing by 1.45 trillion yuan year-on-year [6][39]

Investment Rating - The industry investment rating is "Positive" (maintained) [4] Core Insights - The report highlights a "strong deposit, weak loan" characteristic in the opening month of the year [4] - In January 2026, new social financing increased by 7.2 trillion yuan, a year-on-year increase of 166.2 billion yuan, with a balance growth of 8.2% [4][5] - New RMB loans in January 2026 amounted to 4.7 trillion yuan, a year-on-year decrease of 420 billion yuan, with a balance growth of 6.1% [4][5] - The report indicates that consumer demand has shown some recovery, particularly in short-term loans, but overall consumer credit demand may remain pessimistic throughout the year [1][2] Summary by Sections Credit Overview - Entity credit remained stable, with a significant reduction in bill financing [1] - Retail loans saw an increase of 456.5 billion yuan in January, with short-term loans contributing 109.7 billion yuan [1] - Corporate loans totaled 4.5 trillion yuan, a year-on-year decrease of 330 billion yuan, influenced by a substitution effect between short-term loans and bill financing [2] Social Financing - Government bonds contributed significantly to social financing, with new issuance of 976.4 billion yuan in January, a year-on-year increase of 283.1 billion yuan [5] - The report notes a trend of "deposit migration," with non-bank deposits reaching 36 trillion yuan, accounting for 10.7% of total deposits [5] Investment Recommendations - The report recommends a "New Momentum Portfolio" including banks like Nanjing Bank, Shanghai Bank, and others, highlighting their potential for value recovery [3][5] - It emphasizes the importance of high-dividend bank stocks in the current environment, suggesting that banks with new growth drivers may achieve greater value restoration [5]

第二组4家，包括兴业银行、中信银行、浦发银行、中国邮政储蓄银行； 第三组2家，包括交通银行、招商银行； 第四组4家，包括中国工商银行、中国银行、中国建设银行、中国农业银行； 第五组暂无银行进入。 近期中国人民银行、国家金融监督管理总局开展了2025年度我国系统重要性银行评估，认定21家国内系 统重要性银行，其中国有商业银行6家，股份制商业银行10家，城市商业银行5家。 名单旨在构建覆盖全面的宏观审慎管理体系，强化系统重要性金融机构监管。 据介绍，中国系统重要性银行按系统重要性得分从低到高分为五组： 第一组11家，包括中国民生银行、中国光大银行、平安银行、华夏银行、宁波银行、江苏银行、北京银 行、南京银行、广发银行、浙商银行、上海银行； 中国人民银行相关人士表示，下一步，中国人民银行、国家金融监督管理总局将发挥好宏观审慎管理与 微观审慎监管合力，持续夯实系统重要性银行附加监管，促进系统重要性银行安全稳健经营和健康发 展，更好服务实体经济高质量发展。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [4] Core Insights - The report highlights a "strong deposit, weak loan" characteristic in the opening month of the year [4] - In January 2026, new social financing increased by 7.2 trillion yuan, a year-on-year increase of 166.2 billion yuan, with a balance growth of 8.2% [4][5] - New RMB loans in January 2026 amounted to 4.7 trillion yuan, a year-on-year decrease of 420 billion yuan, with a balance growth of 6.1% [4][5] - The report indicates that consumer demand has shown some recovery, particularly in short-term loans, but overall consumer credit demand may remain pessimistic throughout the year [1][2] Summary by Sections Credit Overview - Entity credit remained stable, with a significant reduction in bill financing [1] - Retail loans added 456.5 billion yuan in January, a year-on-year increase of 12.7 billion yuan [1] - Corporate loans added 4.5 trillion yuan, a year-on-year decrease of 330 billion yuan, primarily due to a reduction in bill financing [2] Social Financing - Government bonds contributed significantly to social financing, with new issuance of 976.4 billion yuan, a year-on-year increase of 283.1 billion yuan [5] - The report notes a trend of "deposit migration," with non-bank deposits reaching 36 trillion yuan, accounting for 10.7% of total deposits [5] Investment Recommendations - The report recommends a "New Momentum Portfolio" including banks such as Nanjing Bank, Shanghai Bank, and Industrial and Commercial Bank of China, highlighting their potential for value recovery [3][5] - It emphasizes the importance of high-dividend bank stocks as having allocation value amid steady declines in credit growth [5]

（中国人民银行） 2月13日，中国人民银行发布的信息显示，为构建覆盖全面的宏观审慎管理体系，强化系统重要性金融机构监管，根 据《系统重要性银行评估办法》，近期中国人民银行、国家金融监督管理总局开展了2025年度我国系统重要性银行评 估，认定21家国内系统重要性银行，其中国有商业银行6家，股份制商业银行10家，城市商业银行5家。按系统重要性 得分从低到高分为五组：第一组11家，包括中国民生银行、中国光大银行、平安银行、华夏银行、宁波银行、江苏银 行、北京银行、南京银行、广发银行、浙商银行、上海银行；第二组4家，包括兴业银行、中信银行、浦发银行、中 国邮政储蓄银行；第三组2家，包括交通银行、招商银行；第四组4家，包括中国工商银行、中国银行、中国建设银 行、中国农业银行；第五组暂无银行进入。 ...

为构建覆盖全面的宏观审慎管理体系，强化系统重要性金融机构监管，根据《系统重要性银行评估办 法》，近期中国人民银行、国家金融监督管理总局开展了2025年度我国系统重要性银行评估，认定21家 国内系统重要性银行，其中国有商业银行6家，股份制商业银行10家，城市商业银行5家。 第二组4家，包括兴业银行、中信银行、浦发银行、中国邮政储蓄银行； 第三组2家，包括交通银行、招商银行； 第四组4家，包括中国工商银行、中国银行、中国建设银行、中国农业银行； 来源：央视财经 按系统重要性得分从低到高分为五组： 编辑：李冲 第一组11家，包括中国民生银行、中国光大银行、平安银行、华夏银行、宁波银行、江苏银行、北京银 行、南京银行、广发银行、浙商银行、上海银行； 第五组暂无银行进入。 下一步，中国人民银行、国家金融监督管理总局将按照《系统重要性银行附加监管规定（试行）》要 求，发挥好宏观审慎管理与微观审慎监管合力，持续夯实系统重要性银行附加监管，促进系统重要性银 行安全稳健经营和健康发展，更好服务实体经济高质量发展。 初审：李冲 复审：张瑜 终审：王继峰 ...