二、工商银行舟山分行应要求上述核准任职资格人员严格遵守金融监管总局有关监管规定，自工商银行 政许可决定作出之日起3个月内到任，并按要求及时报告到任情况。未在上述规定期限内到任的，本批 复文件失效，舟山金融监管分局将办理行政许可注销手续。 三、工商银行舟山分行应督促上述核准任职资格人员持续学习和掌握经济金融相关法律法规，牢固树立 风险合规意识，熟悉任职岗位职责，忠实勤勉履职。 2025年11月5日，舟山金融监管分局发布批复称，《中国工商银行（601398）浙江省分行关于王海生同 志任职资格审查的请示》（工银浙报〔2025〕127号）收悉。经审核，现批复如下： 一、核准王海生工商银行舟山分行副行长的任职资格。 ...

"哎，你最近去工行看存款利息了吗？感觉利息还是挺低的，不过也比把钱闲着强。""是啊，现在利息低是事实，但合理存款安排，其实也能帮咱赚点小 钱，关键是懂得怎么选期限和产品。" 资金稍微多一点，可以考虑两到三年的定期。比如8万元存两年，利息1680元；9万元存两年，利息1890元；15万元，两年利息3150元。年利率1.05%，比一 年期稍微高一点。 三年期的定存利率更有吸引力，年利率1.25%。五万元存三年，利息1875元；如果资金更多，比如9万元，利息甚至能接近3400元。 中期定存适合手里有闲钱，而且短期内不打算动用的人群。这类产品既安全，又比一年期收益多，而且复利效应开始显现，钱能慢慢长起来。 三、长期定期存款——五年期，利息累积明显 五年期定存年利率在1.3%左右，如果你有大额资金，长期定存收益就非常可观了。七万元存五年，到期利息4550元；16万元存五年，利息达到10400元。 长期定存虽然灵活性差，但对那些追求稳健的投资者来说，优势明显。资金放着不动，收益稳定，而且五年后取出本金加利息，一次性到账，方便打理。 今天咱就来聊聊工商银行最新的定期存款和大额存单利息情况，帮大家看看不同金额、不同存期，实际 ...

Core Insights - The key to China's modernization lies in technological modernization, which is supported by financial resources, as evidenced by the recent performance reports from major banks [1] - The six major state-owned banks have shown significant growth in loans to technology enterprises and the number of clients, indicating a positive trend in technology finance [2][3] Group 1: Performance of Major Banks - As of the end of September, Industrial and Commercial Bank of China (ICBC) had a strategic emerging industry loan balance exceeding 4.2 trillion yuan, with technology enterprise loans surpassing 2.7 trillion yuan [2] - Agricultural Bank of China reported a technology loan balance exceeding 4.7 trillion yuan, while China Bank's technology loan balance was approximately 4.7 trillion yuan, supporting over 160,000 clients [2] - Postal Savings Bank's technology loan balance exceeded 940 billion yuan, and the total number of technology enterprises supported by various banks has seen notable increases [2][3] Group 2: Financial Product Innovation - The banks are increasingly adopting a comprehensive approach to technology finance, focusing on "equity, loans, bonds, and insurance" to support technology enterprises [2][3] - ICBC has initiated a pilot program for equity investment in 18 regions, establishing 38 funds with a total subscription amount exceeding 45 billion yuan [2] - China Construction Bank has registered 21 pilot funds in 15 cities and has seen a more than fourfold increase in the investment volume of technology innovation bonds [3] Group 3: Addressing Financing Challenges - The introduction of a "technology flow" evaluation system is helping to address the financing difficulties faced by technology SMEs, moving away from traditional asset-based lending [4][6] - Postal Savings Bank has successfully implemented this new evaluation model, transforming the "technology credit" of enterprises into "financing credit," which has led to significant improvements in operational efficiency for supported companies [6][7] - The focus on innovative financial products aims to alleviate the challenges of financing for light-asset technology enterprises, with banks exploring various models to meet the unique needs of these companies [8]

综观今年上市银行前三季度经营情况，整体呈现稳健态势，银行业的经营在稳扎稳打中，亮点频现。 推进城乡融合和区域协调发展 着力推进城乡融合和区域协调发展是党中央作出的重要部署。 在金融管理部门的支持和引导下，今年以来，围绕区域协调发展战略、区域重大战略、主体功能区战 略、新型城镇化战略等重大战略，银行业金融机构倾斜金融资源，支持重点区域强化发展。 "工商银行主动融入国家区域战略，推动金融资源在城乡、区域之间配置更加均衡。"工商银行相关负责 人表示，今年前三季度，该行认真落实中央城市工作会议部署，以城市金融服务现代城市建设，新型城 镇化板块贷款余额近3.5万亿元。 近期，A股上市银行集中披露了今年前三季度经营业绩。 以中国银行为例，今年以来，该行以高质量共建"一带一路"八项行动为指引，助力推进重大标志性工程 和"小而美"民生项目建设。 "我们持续巩固跨境资本市场服务竞争优势，熊猫债、中国离岸债券、离岸人民币债券承销量市场排名 保持领先。"据中国银行相关负责人介绍，今年，该行打造了首家中资全球托管银行，全球托管产品服 务体系、运营效率持续提升。"截至报告期末，全球托管规模4.8万亿元，服务覆盖100多个国家和地 区。 ...

年末大盘价值风格会否绝地反击？ 11月5日，A股电力及新能源相关题材全线爆发，特高压、智能电网、虚拟电厂、钒电池、BC电池、钠电池、光伏等大幅上涨。 特高压指数涨幅领先，概念股灿能电力收获"30cm"的涨停板，金冠电气录得"20cm"的涨停板，涨停的还有神马电力、太阳电缆、特变电工、保变 电气等。 特高压概念龙头特变电工(600089)近期走势强劲。该股11月5日收盘价24.11元/股，创历史新高，涨停板封单达到30.52万手，最新A股市值突破 1200亿元。今年前三季度，公司实现净利润54.84亿元，同比增长27.55%。 东吴证券认为，2025年电网投资有望持续增长，具备全球竞争力的龙头企业将受益于国内建设与海外市场双轮驱动，尤其看好在特高压、智能电 网等领域具备技术优势和订单保障的公司。 工商银行股价再创历史新高 11月5日，工商银行股价继续上涨，盘中涨至8.21元/股，创历史新高，收盘时A股市值达到2.19万亿元，排在农业银行之后。除工商银行以外，近 10个交易日内，股价创历史新高的还有特变电工、宝丰能源、洛阳钼业、新华保险、农业银行、三花智控等。 东吴证券认为，目前的风格转换来看，三季度科技成长股行 ...

目前，六大国有银行2025年三季报已全部披露完毕。 据WEMONEY研究室梳理，2025年前三季度，六大国有银行合计实现营业收入27205.35亿元，同比增长1.87%；合计实现归母净利润10723.43亿元，同比增 长1.22%，相当于日赚39.14亿元。 从盈利来看，各家银行归母净利润均保持增长态势，其中，农业银行增长3.03%居首。从营收来看，各家银行同样保持增长态势，其中，中国银行增长 2.69%居首。 前三季度，整体六大行净息差持续承压，但非利息收入均保持增长，有5家银行增速都在两位数以上。值得一提的是，六大行的中间收入在今年前三季度都 有所回升，投资净收益除交通银行外都在持续增长。 从资产质量来看，前三季度，六大国有银行整体保持稳定，有5家银行的不良率都较上年末下降，邮储银行本身不良率最低，较上年末微增。拨备覆盖率除 中国银行略低于200%外，其余都在200%以上。 值得注意的是，虽然近几年，随着六大国有行股价的不断攀升，其滚动股息率有所降低，但整体都在2.5%以上，明显高于5年期定期存款。 截至2025年三季度末，六大行资产规模合计达到217.97万亿，较上年末增长9.16%。其中，贷款总额为1 ...

三季度以来，A股显著回暖，市场交投活跃，外资也继续开启"买买买"模式。随着三季报披露收官，外 资最新持仓情况浮出水面。 行业龙头仍是"聪明钱"的最爱。Wind统计显示，截至9月底，贵州茅台、中国平安、五粮液均吸引了超 过80家外资机构持仓；以持有规模计，外资持仓市值前三甲，分别是宁德时代、贵州茅台和美的集团， 分别达到2656.59亿元、881.42亿元和716.48亿元。 外资调仓动向也备受关注。三季度，部分"中字头"个股吸引多家外资涌入。截至9月底，68家外资持有 中国船舶股票，数量较上半年末增加超四成。 还有部分个股吸引外资"抱团"买入。睿能科技三季报显示，瑞银当季大幅加仓该股，截至9月底位列公 司第三大股东，而高盛、摩根大通、美林国际均为该公司新进前十大股东。 行业龙头、银行股受外资青睐 从外资持股整体情况来看，行业龙头、"中字头"、银行股，是外资青睐的对象。 Wind数据显示，截至9月底，贵州茅台、中国平安、五粮液该指标排名在前，3家的持股外资机构数量 分别达到85家、83家和81家。而顺丰控股、京东方A、立讯精密、工商银行、中信证券等超80只个股， 也吸引了逾50家外资机构持有。 从外资持股数量来 ...

绿色金融对银行业而言，已从一道"选择题"变为一道"必答题"。 作为战略转型的新引擎，绿色产业在经济增长模式向绿色低碳转变的大背景下，是未来的蓝海市场。绿 色金融业务，如绿色贷款，已成为银行业绩增长的新动力，也被视为优质、低不良率的资产。 近期，兴业银行行长陈信健在上海出席2025可持续全球领导者大会时提到，目前兴业银行绿色融资余额 接近2.5万亿元，其中绿色贷款余额超过1万亿元，绿色贷款不良率只有0.57%。 除此以外，通过支持环保、减排项目，银行能够直接服务国家"双碳"战略，展现其社会责任担当，从而 提升自身的ESG评级和公众声誉。 目前，多数银行已经将"绿色金融"纳入顶层设计。比如，浦发银行、兴业银行、华夏银行等建立独立绿 色金融部，配套ESG风险评估系统，将气候风险纳入信贷审批全流程；而工商银行则是将绿色贷款余额 占比、增量及产品创新纳入分行绩效考核。 国家层面也正在系统性地构建和完善绿色金融的政策体系。今年中国人民银行等三部门联合印发《绿色 金融支持项目目录（2025年版）》，自2025年10月1日起施行，统一了绿色贷款、绿色债券等各类金融 产品的支持范围，解决了过去标准不一的问题，为银行业务提供了清 ...

三季度，险资持续加码银行板块。其中，国有大行成为险资布局重点，邮储银行、建设银行获险资大幅 增持，工商银行、农业银行前十大流通股股东名单中首次出现险资身影。此外，部分区域性城农商行也 获得险资加仓。 业内人士认为，银行股的高股息特点与险资需求高度匹配，股息收益能够满足险资的收益需求。随着政 策推动中长期资金入市，险资或成为未来权益市场重要的增量资金，盈利稳健、股息回报较高的银行股 将继续受到险资青睐。 险资加仓国有大行股 三季报显示，多只国有大行股获险资加仓。其中，邮储银行为险资增持数量最多的银行股。邮储银行三 季报显示，三季度，平安人寿增持邮储银行21.89亿股，至23.82亿股，持股比例为3.55%，为邮储银行 的第二大流通股股东。 建设银行获得新华保险加仓。三季度，新华保险旗下"新华人寿保险股份有限公司-传统-普通保险产 品"增持建设银行880万股，至2.10亿股，持股比例为2.19%，为建设银行的第五大流通股股东。 工商银行、农业银行的前十大流通股股东名单中首次出现险资身影。具体来看，截至三季度末，"中国 人寿保险股份有限公司-传统-普通保险产品"新进成为工商银行的第七大流通股股东，持股数量为7.57 ...

Core Views - The report emphasizes the importance of stable high-dividend assets in a low-interest-rate environment, highlighting the scarcity of such assets as a key investment opportunity [4][12] - It discusses the regulatory cycle and the reduction of potential credit risks through local debt resolution, reinforcing the concept of a "stable anchor" for banks [4][15] - The economic transformation from land credit to technology and consumption-driven growth is seen as providing a "growth sail" for banks, particularly in corporate deepening and wealth management [4][18] Policy Background and Investment Context - The low interest rate environment and asset scarcity highlight the attractiveness of stable high-dividend assets, with bank stocks favored for their strong performance stability and high dividend yields [4][12] - The ongoing resolution of local government debt is expected to reduce systemic credit risks, thereby solidifying banks' "stable anchor" [4][15] - The shift towards technology and consumption is anticipated to enhance banks' growth potential, particularly in wealth management and corporate services [4][18] Deep Revaluation of "Stable Anchor" - Bottom Line of Value - The report identifies the stability of earnings, attractiveness of dividends, and sustainability of payouts as key components of dividend value [5] - It notes that the expansion of bank balance sheets and the potential recovery of net interest margins are crucial for long-term value [5] - Enhanced investment capabilities in financial markets and asset circulation are highlighted as factors contributing to banks' stability [5] "Growth Sail" Capability Breakthrough - Elasticity of Value - The report emphasizes the importance of stable and high risk-adjusted return on capital (RAROC) for banks, which reflects their efficiency in capital usage [6] - It points out the advantages of wealth attributes and customer base, as well as strong non-performing asset management capabilities [6] - The ability to adjust and manage financial market investments effectively is seen as a significant strength for banks [6] Medium to Long-term Incremental Capital Drivers - Good Wind with Favorable Conditions - The report suggests a potential trend shift in insurance capital allocation towards bank equities, with a target dividend yield of 3.5%-4% seen as a reasonable baseline [7] - It notes that actively managed equity funds are currently underweight in bank stocks, while asset management companies (AMCs) are accelerating their investments in this sector [7] Investment Recommendations: Hold "Stable Anchor" and Raise "Growth Sail" - The report recommends a foundational allocation in large state-owned banks, with H-shares offering better value than A-shares, particularly for Agricultural Bank and Industrial and Commercial Bank [8] - Core allocations should focus on banks that combine stability with strong wealth management capabilities, such as China Merchants Bank and CITIC Bank [8] - For flexible allocations, it suggests high-quality regional banks with unique characteristics in specific areas or business lines, such as Jiangsu Bank and Chongqing Bank [8] Dividend Value Analysis - The report indicates that the operating income of listed banks grew by 0.91% year-on-year in the first three quarters of 2025, with net profit growth of 1.48% [28] - It highlights the significant performance differentiation among banks, with state-owned banks showing stable revenue growth while smaller banks face challenges [28][30] - The report notes that the dividend sustainability of banks is influenced by profitability, dividend policies, and capital considerations, with larger banks maintaining a more stable dividend distribution [41][43]