【环球网财经综合报道】据Choice数据，今年已有超3700家上市公司实施现金分红，分红总金额达2.64万亿元，这一数据再度刷新历史纪录。其 中，37只个股分红金额超过百亿元。 具体而言，工商银行凭借1601.69亿元的分红金额，成为年内分红金额最高的个股。建设银行紧随其后，分红金额达1493.59亿元。农业银行位列第 三，分红金额为1264.84亿元。中国银行和中国移动的分红金额均超过1000亿元，分别位居第四和第五。 在机构看来，在低利率、资产荒的背景下，能够提供稳定现金回报的高股息、强现金流类资产，其配置价值日益凸显。中泰证券研报分析认为， 这一需求在险资等中长期资金积极入市、强化资产负债匹配的推动下，预计将得到进一步巩固。 根据行业分布情况，2025年分红金额超百亿的个股在行业上呈现出明显的集中趋势，主要分布在银行、通信和石油石化等领域。也有的行业显著 提高分红水平。东兴证券认为，高分红有助于提升ROE，煤炭上市公司分红水平有望持续提升，核心资产价值有望提升。2025年，煤炭行业多家 上市公司纷纷响应上交所倡议，发布关于"提质增效重回报"行动落实情况的公告。 比如中国神华在2022—2024年现金分红 ...

消费是经济复苏的晴雨表，也是美好生活的直接体现。近年来，中国工商银行汕头分行（下称"汕头工行"）深入贯彻落实国家稳经济、促消费政策部署，以 全方位、多层次的金融支持，全面激发消费市场活力。从街头巷尾的小微商户到文旅产业的振兴蓝图，从千家万户的安居梦想到舌尖上的烟火气息，该行坚 持聚焦民生需求，以实际行动助力烟火重燃、生活焕新。至2025年9月末，该行信用卡贷款及分期付款均较年初增长约1.2亿元，金融促消费的成效持续显 现。 筑牢安居根基，服务住房民生 住房是民生之要。近五年来，汕头工行累计投放住房贷款超170亿元，以金融力量托起千家万户的"安居梦"。一方面，该行强化楼盘跟踪与高效服务，推动 个人住房贷款业务稳健增长；另一方面，严控风险，积极参与房地产融资协调机制，保障"白名单"项目正常建设，已为本地某项目提供2.75亿元支持。 . . 70 PORT OF CHE OFFERE .......... CC = 1 = 1 108 04, 2 2016 政策精准滴灌，实惠直达日常 围绕居民衣食住行，汕头工行持续开展"工享""爱购"系列促销，将优惠嵌入高频生活场景。在夏季用电高峰，推出电费"满100减15"补贴， ...

1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - From December 22 to December 26, 2025, the issuance volume of credit bonds increased month - on - month, and the credit spreads of various industries showed mixed trends [1] 3. Summary by Directory 3.1 Primary Market 3.1.1 Issuance Statistics - During the week from December 22 to December 26, 2025, 267 credit bonds were issued, with a total issuance scale of 427.702 billion yuan, a month - on - month increase of 15.42%. Among them, 117 industrial bonds were issued, with a scale of 219.258 billion yuan (a 34.26% month - on - month increase, accounting for 51.26% of the total); 110 urban investment bonds were issued, with a scale of 71.364 billion yuan (an 18.87% month - on - month decrease, accounting for 16.69% of the total); 40 financial bonds were issued, with a scale of 137.08 billion yuan (a 14.92% month - on - month increase, accounting for 32.05% of the total) [1][11] - The average issuance term of credit bonds this week was 2.74 years. The average issuance term of industrial bonds was 2.36 years, urban investment bonds was 3.25 years, and financial bonds was 2.35 years [1][14] - The average issuance coupon rate of credit bonds this week was 2.26%. The average issuance coupon rate of industrial bonds was 2.12%, urban investment bonds was 2.41%, and financial bonds was 2.23% [2][19] 3.1.2 Cancellation of Issuance Statistics - Five credit bonds were cancelled for issuance this week [2][23] 3.2 Secondary Market 3.2.1 Credit Spread Tracking - By industry, in the Shenwan primary industries, the largest upward movement of the AAA - rated industry credit spread was in the pharmaceutical and biological industry (up 5.1BP), and the largest downward movement was in the real estate industry (down 1.3BP); the largest upward movement of the AA + - rated industry credit spread was in the household appliances industry (up 6.4BP), and the largest downward movement was in the textile and clothing industry (down 9.8BP); the largest upward movement of the AA - rated industry credit spread was in the building materials industry (up 11BP), and the largest downward movement was in the commercial trade industry (down 1BP) [3] - By region for urban investment bonds, this week, the largest upward movement of the AAA - rated credit spread was in Gansu (up 8.7BP), and the largest downward movement was in Jilin (down 2.9BP); the largest upward movement of the AA + - rated credit spread was in Liaoning (up 6.7BP), and the largest downward movement was in Fujian (down 3.2BP); the largest upward movement of the AA - rated credit spread was in Jiangxi (up 4.5BP), and the largest downward movement was in Anhui (down 3.3BP) [3] 3.2.2 Trading Volume Statistics - The total trading volume of credit bonds was 1.782747 trillion yuan, a month - on - month increase of 28.47%. The top three in terms of trading volume were commercial bank bonds, corporate bonds, and medium - term notes. Specifically, the trading volume of commercial bank bonds was 630.894 billion yuan (a 38.88% month - on - month increase, accounting for 35.39% of the total); the trading volume of corporate bonds was 521.309 billion yuan (a 15.93% month - on - month increase, accounting for 29.24% of the total); the trading volume of medium - term notes was 347.636 billion yuan (a 40.63% month - on - month increase, accounting for 19.50% of the total) [4][28] 3.2.3 Actively Traded Bonds This Week - According to DM client data, the top 20 urban investment bonds, industrial bonds, and financial bonds in terms of trading volume this week are provided for investors' reference [30]

上市银行向股东"发红包"，国有大行无疑是绝对主力。 响应"国九条"相关要求，近期，国有大行密集落地中期分红。截至目前，半数上市银行落地2025年半年度 分红派息。 Wind统计数据显示，截至12月26日，已有21家A股上市银行实施中期分红，合计分红总额近2300亿元。且呈现 分红节奏提前、分红率提升的特点。 与此同时，越来越多中小银行陆续加入中期分红行列。在13家地方上市银行实施中期分红计划后，12月26日晚 间，齐鲁银行披露2025年度中期利润分配方案；前一日，紫金银行也同步公布了中期分红计划。 国有大行中期派息近1900亿元 分红节奏前移，股份行、地方银行积极跟进 工商银行、农业银行、中国银行、建设银行、交通银行五家国有大行均于12月完成半年度分红派息，合计向股 东派发现金红利1898.85亿元。 12月25日，交通银行每股派发现金红利人民币0.1563元（含税），共计派发现金红利人民币138.11亿元（含 税）。 12月15日，工商银行和农业银行同日完成中期分红。其中，工商银行每股派发现金股息0.1414元（含税），派 发现金股息共计约503.96亿元，是上市银行中期分红规模榜首。农业银行紧随其后，每股 ...

◼ 一级市场发行情况： 本周（20251222-20251226）银行间市场及交易所市场共新发行二级资本 债 8 只，发行规模为 531.50 亿元。发行年限为 10Y；发行人性质为地方 国有企业、民营企业、其他企业、中央金融企业；主体评级为 AA+、 AA-、A+、AAA；发行人地域为四川省、浙江省、江苏省、北京市、湖 南省。 证券研究报告·固定收益·固收点评 固收点评 20251227 二级资本债周度数据跟踪 （20251222-20251226） [Table_Tag] [Table_Summary] 观点 ◼ 二级市场成交情况： 本周（20251222-20251226）二级资本债周成交量合计约 2729 亿元，较 上周减少 10 亿元，成交量前三个券分别为 25 中行二级资本债 03A(BC) （194.10 亿元）、25 建行二级资本债 03BC（96.91 亿元）和 25 中行二 级资本债 01BC（83.04 亿元）。 分发行主体地域来看，成交量前三为北京市、上海市和广东省，分别约 为 2171 亿元、193 亿元和 100 亿元。 从到期收益率角度来看，截至 12 月 26 日，5Y 二级资 ...

12月26日，工商银行与中国银联签署全面战略合作协议。根据协议，工商银行将围绕金融基础设施建 设、提振消费、优化支付服务、跨境支付互联互通等领域，与中国银联进一步深化合作，提供全面金融 解决方案。 ...

作者丨郭聪聪 张欣 编辑丨周炎炎 站在2025年末回望，中国中小银行兼并重组浪潮以超预期的力度与速度纵深推进，金融风 险防控与行业高质量发展的成为本年度的核心主线。 企业预警通数据显示， 截至12月26日，2025年共有394家银行机构获批复通过合并、解散 方式退出市场。21世纪经济报道记者进一步梳理发现，纵向对比来看，这一数量较2024年 全年总量实现翻倍。中金报告显示，若将时间线拉长，2024至2025两年间，通过兼并重组 等方式减少的银行机构近550家，数量超过了此前七年的总和。 从横向观察，本次整合涉及全国28个省份，不同区域与机构类型整合路径各有特点。从地 域看，内蒙古以整合139家机构居首，山东、河南、四川、湖南等地紧随其后。从机构类型 看，村镇银行（231家）是整合核心主体，农商行（81家）和农村信用社（71家）紧随其 后。 值得关注的是，2025年的中小银行整合并非简单的数量收缩，更呈现出两大显著特征： 一 是国有大行首次入局参与"村改支"，为基层小法人机构转型提供了新参考。同时，国有大 行还首次参与收购了城商行；二是农信系统省级法人改革全面提速，形成联合银行与统一法 人农商行两大模式并行的格 ...

21世纪经济报道 记者郭聪聪 张欣 站在2025年末回望，中国中小银行兼并重组浪潮以超预期的力度与速度纵深推进，金融风险防控与行业高质量发展的成为本年度的核心主线。 企业预警通数据显示，截至12月26日，2025年共有394家银行机构获批复通过合并、解散方式退出市场。21世纪经济报道记者进一步梳理发现，纵向对比来 看，这一数量较2024年全年总量实现翻倍。中金报告显示，若将时间线拉长，2024至2025两年间，通过兼并重组等方式减少的银行机构近550家，数量超过 了此前七年的总和。 从横向观察，本次整合涉及全国28个省份，不同区域与机构类型整合路径各有特点。从地域看，内蒙古以整合139家机构居首，山东、河南、四川、湖南等 地紧随其后。从机构类型看，村镇银行（231家）是整合核心主体，农商行（81家）和农村信用社（71家）紧随其后。 值得关注的是，2025年的中小银行整合并非简单的数量收缩，更呈现出两大显著特征：一是国有大行首次入局参与"村改支"，为基层小法人机构转型提供了 新参考。同时，国有大行还首次参与收购了城商行；二是农信系统省级法人改革全面提速，形成联合银行与统一法人农商行两大模式并行的格局。 这不是一 ...

谷歌、微软、苹果排前三，美国入选最多， | 排 | 行业 | 品牌 | 代表性品牌 | | --- | --- | --- | --- | | 名 | | 数量 | | | | 1 汽车与零件 | 33 | 特斯拉、丰田、梅赛德斯-奔驰、法拉利、 | | | | | 宝马、福特 | | 2 | 能源 | 30 | 国家电网、埃克森美孚、壳牌、英国石油、 | | | | | 道达尔能源、中国石油 | | | 2 食品与饮料 | 30 | 可口可乐、雀巢、百事、百威、茅台、五粮液 | | 4 | 银行 | 29 | 中国工商银行、美国银行、汇丰、 | | | | | 中国建设银行、富国银行、中国银行 | | 5 | 零售 | 27 | 沃尔玛、宜家、好市多、7-11、乐购、百思买 | | 5 | 计算机与通讯 27 | | 苹果、英伟达、博通、IBM、思科、华为 | | 7 | 互联网 | 24 | 谷歌、亚马逊、Meta、YouTube、腾讯、X(推特) | | 7 | 传媒 | 24 | 迪士尼、奈飞、CCTV、HBO、汤森路透、 | | | | | 人民日报 | | 9 | 保险 | 22 | 荷兰国际集团 ...

Core Viewpoint - The 2025 Shenzhen Financial Innovation Competition aims to enhance the financial services of local institutions and promote Shenzhen as a globally influential financial center, showcasing the innovation level of the financial industry in Shenzhen [1][4]. Summary by Category Competition Overview - The competition was announced in September 2025, receiving submissions from 113 units with a total of 173 projects [4]. - After various evaluation stages, 30 projects were selected for awards, including 3 first prizes, 6 second prizes, 12 third prizes, 3 most potential awards, 3 best growth awards, and 3 innovation breakthrough awards [4]. Awarded Projects - **First Prize Projects**: - Financial model full-stack self-research technology system and scenario construction project by China Merchants Bank and WeBank [6]. - Hong Kong-Shenzhen cross-border data verification platform [6]. - Agricultural insurance prevention and rescue system based on data elements by Ping An Property & Casualty Insurance [6]. - **Second Prize Projects**: - Cross-border wealth management navigation plan by China Merchants Bank Wealth Management [6]. - New generation derivative rapid trading platform for global markets by CITIC Securities [6]. - Technology financial empowerment plan for new quality productivity development by Bank of China Shenzhen Branch [6]. - **Third Prize Projects**: - AI and multi-data integration service for early-stage technology enterprises by Shenzhen Credit Service [6]. - New employment form ride-hailing driver insurance project by Taiping Property Insurance [6]. - **Most Potential Award Projects**: - "Housing Dream" project for large-scale urban village renovation by the National Development Bank Shenzhen Branch [7]. - New energy "technology + insurance" model construction by Ping An Property & Casualty Insurance Shenzhen Branch [7]. - **Best Growth Award Projects**: - New model for marine pastoral + insurance + N by Taiping Property Insurance [7]. - **Innovation Breakthrough Award Projects**: - "WeChat Quick Compensation" proactive claim model by Weimin Insurance Agency [7]. - Online self-service tax refund mini-program "Xing Shui Tong" by Guangdong Huaxing Bank Shenzhen Branch [7].