Core Insights - The closure of the "10 million deposit for internship opportunities" program by Industrial Bank highlights issues of fair competition, while the private banking sector continues to engage in a "client acquisition war" targeting high-net-worth individuals [2] - Various banks are employing different strategies to attract and retain high-net-worth clients, focusing on services such as education for children and overseas internships [2][3] Group 1: Private Banking Strategies - Industrial Bank's private banking division has apologized and shut down a controversial program, but competition among banks for high-net-worth clients remains intense [2] - CITIC Bank's private banking collaborates with its financial subsidiaries to provide internship resources for high-net-worth clients' children, offering a "1-week training + 2 to 4 weeks internship" opportunity [2] - ICBC's private banking serves over 300,000 clients, with many participating in charitable donations, indicating a trend of high-net-worth individuals engaging in philanthropy [3] Group 2: Growth Metrics - As of the end of 2024, the total number of private banking clients among 13 major banks in China reached 1.7131 million, a year-on-year increase of 254,500 clients, representing a growth rate of 17.4% [6] - ICBC's private banking assets under management (AUM) reached 3.47 trillion yuan by the end of 2024, with a growth rate of 13.2%, leading the industry [6] - The private banking sector is becoming a key growth area for banks amid pressures in retail banking, with Deloitte's report indicating that private banking is crucial for stabilizing short-term performance and optimizing client structure [6] Group 3: Client Demographics and Standards - The threshold for private banking clients is generally set at a financial net asset of 6 million yuan, but banks have varying standards; for instance, China Merchants Bank requires a minimum of 10 million yuan [7][8] - The average asset per private banking client significantly exceeds the minimum threshold, with China Merchants Bank clients averaging over 25 million yuan [8] - High-net-worth families in the Greater Bay Area are substantial, with 510,000 families having assets of 10 million yuan and 30,000 families with assets of 100 million yuan, indicating a large potential for wealth management services [7] Group 4: Evolving Client Needs - There is a noticeable shift in high-net-worth individuals' consumption patterns, with a 12% decline in material consumption and a 2% decrease in the high-end consumer market, prompting a focus on enhancing emotional well-being [9] - The demand for refined services among high-net-worth individuals is diversifying, with increased interest in household services and family advisors, particularly in health-related services [9]

Core Viewpoint - The article discusses the increasing volatility in the bill market, highlighting the shift in banks' reliance on bill financing amid a slowdown in long-term loan growth, indicating a potential shift in credit dynamics [1][5][7]. Group 1: Bill Market Dynamics - The bill discount rates have shown significant fluctuations, with the 6-month national stock bill discount rate rising sharply before falling back to 1.06% by the end of May [2][3]. - The demand for bill financing has increased as banks face pressure in personal credit, leading to a notable rise in bill financing volumes [5][6]. - As of the end of April, the acceptance and discount balances of commercial bills reached historical highs, exceeding 20 trillion yuan and 15 trillion yuan respectively [1][7]. Group 2: Credit Growth Trends - The growth rate of medium and long-term loans has dropped below 10% year-on-year, contrasting with the growth in short-term loans and bill financing, which has seen a rare increase [1][5]. - In April, bill financing reached 834.1 billion yuan, approximately double the average for the same period over the past five years, while short-term loans decreased by 480 billion yuan [5][6]. - The trend of "using bills to fill loans" has become more pronounced, with banks increasingly relying on bill financing as a substitute for traditional loan growth [6][7]. Group 3: Future Outlook - Analysts predict that the demand for effective credit from enterprises may recover in May due to favorable external trade conditions and the impact of recent monetary policy adjustments [4][5]. - The supply of bills in the primary market is expected to remain low at the beginning of June, which may lead to increased competition for available bills [4][5].

Group 1 - The article provides an overview of the precious metals market as of June 2, 2025, specifically focusing on the account of the Industrial and Commercial Bank of China [1] Group 2 - The report highlights the current pricing trends and fluctuations in precious metals, indicating potential investment opportunities for stakeholders in the financial sector [1]

Core Viewpoint - The China Internet Finance Association has released group standards for online banking, which were developed in collaboration with major banks, indicating their technological strength and paving the way for accelerated digital transformation across the banking industry [1][2][7] Group Standards and Digital Transformation - The association published three group standards, including "Basic Requirements for Online Banking Services," which were drafted by major banks such as ICBC, Postal Savings Bank, and Minsheng Bank. These standards are expected to significantly promote the construction of online channels and digital transformation in the banking sector [2][3] - Major banks have demonstrated their financial technology capabilities, further leading the digital transformation. The standards were developed in response to the "Leader" system proposed by the State Administration for Market Regulation and other departments, reflecting the leading position of major banks in the industry. In 2021, ICBC and Postal Savings Bank invested CNY 26 billion and CNY 10 billion in financial technology, accounting for 2.76% and 3.15% of their revenues, respectively [2][3] Inter-Bank Cooperation and Digitalization - The group standards provide a framework for online banking services, including detailed requirements for mobile and desktop product design, which will help smaller banks, especially rural commercial banks and credit cooperatives, to adopt mature and stable design experiences from major banks. Recent regulatory emphasis on developing independent research capabilities in the banking sector further supports this collaboration [3] Market Rates and Liquidity - The monetary market remains loose, with low interest rates. As of last Friday, the average rates for DR007 and DR001 were 1.57% and 1.39%, respectively, indicating a highly ample liquidity environment. However, the demand for funds in the real economy has not significantly improved [4] - The issuance rate for one-year interbank certificates of deposit from joint-stock banks was 2.39%, reflecting a slight rebound but still at a low level, suggesting that the demand for funds in the real economy remains weak [4] Sector Performance - The banking sector showed strong performance during the week, although it lagged behind the overall market. The China Banking Index fell by 2.95%, while the CSI 300 Index rose by 3.65%. In Hong Kong, the Hang Seng H-Share Financial Index increased by 0.48%, also underperforming the Hang Seng Index, which rose by 3.43% [5] - Notable individual stock performances included Chengdu Bank (up 12.14%), Ningbo Bank (up 7.42%), Nanjing Bank (up 6.69%), and Xian Bank (up 6.45%) in A-shares, while in Hong Kong, Postal Savings Bank (up 2.77%) and Zhejiang Commercial Bank (up 1.69%) led the gains [5] Trading Activity - Market trading activity has shown significant recovery, with the average daily trading volume of A-share banking stocks reaching CNY 20 billion, a 47.5% increase from the previous week. In Hong Kong, the average daily trading volume for banking stocks was HKD 6.7 billion, a 13% decrease from the previous week [6] - Northbound funds slightly adjusted their holdings in the banking sector, with an average holding of 3.04%, up 0.04 percentage points, while southbound funds held an average of 8.56%, down 0.04 percentage points. The overall premium level of A/H shares in the banking sector increased slightly, with an average premium rate of 37.16% [6]

【导读】中国工商银行浙江分行原党委书记、行长沈荣勤接受纪律审查和监察调查 中国基金报记者 晨曦 金融反腐最新通报来了！ 5月30日，中央纪委国家监委官网通报：中国工商银行浙江分行原党委书记、行长沈荣勤涉嫌严重违纪违法，目前正接受中央纪委国家监委驻中国工商银 行纪检监察组纪律审查和辽宁省锦州市监察委员会监察调查。 沈荣勤金融从业经验丰富，曾先后任浙江省仙居县人民银行员工，中国工商银行浙江仙居支行员工、副行长、行长，台州分行副行长、行长，浙江省分行 副行长，山东省分行行长、党委书记；浙江省分行行长、党委书记兼中国工商银行杭州金融研修学院院长、党委书记；浙江钱塘江金研院咨询股份有限公 司董事长、院长，浙江钱塘江金融研修院理事长、院长等职。 沈荣勤曾荣获"全国金融劳动模范""全国金融系统职工之友""浙江金融功勋人物""首届浙江金融十大领军人物""2015年浙江金融创新人物"等荣誉称号，并 被聘为"浙江金融顾问"。 据悉，浙江钱塘江金研院咨询股份有限公司由浙江8家民营龙头企业筹资1亿元共同发起，于2017年7月3日正式注册成立。2017年9月，钱塘江金研院出资 创建"浙江钱塘江金融研修院"，致力于经济金融理论研究、学术 ...

Market Overview - The last trading day before the Dragon Boat Festival saw a volume contraction in the two markets, with the pharmaceutical sector experiencing a broad rally, particularly in Alzheimer's, innovative drugs, and CROs [1] - Several stocks, including Ruizi Pharmaceutical, Wanbangde, and Hainan Haiyao, hit the daily limit up [1] - The pork and chicken sectors also saw a rise, while bank stocks remained active, with Hangzhou Bank and Chengdu Bank reaching new historical highs [1] Banking Sector - Despite the strong performance of bank stocks, a sell-off occurred in multiple bank stocks towards the end of the trading session, indicating a potential profit-taking behavior ahead of the holiday [8] - Regional banks like Hangzhou Bank and Chengdu Bank attracted end-of-day funds due to their earnings elasticity, but this was not enough to offset the selling pressure from larger state-owned banks [8] - The banking sector has been a focus for investors this year, driven by increasing risk aversion, and is expected to remain a key market theme post-holiday [8] Pharmaceutical Sector - On May 29, the National Medical Products Administration approved 11 innovative drugs for market entry, a notably rare occurrence [10] - Among these, five were from innovative companies listed on the Sci-Tech Innovation Board, indicating a supportive policy environment for the innovative drug sector [10] - The current valuation of the innovative drug industry stands at a price-to-earnings ratio (TTM) of 27.74, with a 150% premium over the CSI 300 index, suggesting a stable growth outlook despite recent net outflows from the sector [10] Social Security Fund Holdings - A summary of the latest holdings by the Social Security Fund highlights several pharmaceutical stocks, including Wo Wu Biological, Jiuzhou Pharmaceutical, and others, with varying market capitalizations and price-to-earnings ratios [12] - The data indicates a focus on companies with strong growth potential and established market positions within the pharmaceutical sector [12]

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED （於中華人民共和國註冊成立的股份有限公司） 股份代號：1398 美元優先股股份代號：4620 中國工商銀行股份有限公司 董事會已成立八個委員會。下表提供各董事會成員所屬委員會的成員資料。 非執行董事 盧永真先生 曹利群女士 董陽先生 鐘蔓桃女士 獨立非執行董事 陳德霖先生 赫伯特•沃特先生 莫里•洪恩先生 陳關亭先生 李偉平先生 1 董事會成員名單與其角色及職能 中國工商銀行股份有限公司董事會（「董事會」）成員載列如下： 執行董事 廖林先生 （董事長） 劉珺先生 （副董事長、行長） 王景武先生 （副行長） | | | 社會責任 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 董事╱ | | 與消費者 | | | | | 關聯交易 | 美國區域 | | 董事會 | 戰略 | 權益保護 | 審計 | 風險管理 | 提名 | 薪酬 | 控制 | 機構風險 | | 委員會 | 委員會 | 委員會 | 委員會 | 委員會 | 委員 ...

证券代码：601398 证券简称：工商银行 公告编号：临 2025-017 号 中国工商银行股份有限公司 关于非执行董事离任的公告 中国工商银行股份有限公司董事会及全体董事保证本公告内容不存在任何虚 假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 中国工商银行股份有限公司（简称本行）非执行董事冯卫东先生因年龄原 因，于 2025 年 5 月 30 日向本行董事会提交辞呈，辞去本行非执行董事职务， 同时不再担任董事会审计委员会、风险管理委员会、提名委员会和美国区域机 构风险委员会委员职务。 | 姓名 | 离任职务 | 离任时间 | | 原定任期 | | 离任 | 是否继续在上 市公司及其控 | 具体职务 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 到期日 | | 原因 | 股子公司任职 | （如适用） | 毕的公开 | | | | | | | | | | | 承诺 | | 冯卫东 | 非执行董事 | 2025 | 年 | 2026 | 年 | 年龄 ...

Core Points - The non-executive director Feng Weidong resigned due to age reasons, effective May 30, 2025 [1] - Non-executive director Chen Yifang will also cease to be a non-executive director and member of several committees due to term expiration, effective May 30, 2025 [1] - The resignations of Feng Weidong and Chen Yifang will not reduce the board members below the legal minimum [1]

Core Points - The Shanghai Composite Index fell by 0.47% on May 30, with the banking sector showing a gain of 0.64%, making it the second-highest gainer among industries [1] - The banking sector saw a net inflow of 7.87 billion yuan in capital, with 39 out of 42 stocks in the sector rising [2][3] - Major banks like China Merchants Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China led the net inflow, with respective inflows of 2.36 billion yuan, 2.31 billion yuan, and 1.41 billion yuan [2] Industry Performance - Among the industries, the top gainers were agriculture, forestry, animal husbandry, and fishery, with a rise of 1.20%, followed by the banking sector [1] - The automotive and comprehensive sectors experienced the largest declines, with drops of 1.91% and 1.87% respectively [1] Capital Flow Analysis - The overall market saw a net outflow of 44.445 billion yuan, with 27 industries experiencing capital outflows [1] - The computer industry had the highest net outflow at 6.741 billion yuan, followed by the automotive sector with 5.871 billion yuan [1] Individual Stock Performance - In the banking sector, 23 stocks experienced net inflows, with 7 stocks receiving over 50 million yuan [2] - Notable stocks with significant net outflows included Ningbo Bank, Shanghai Pudong Development Bank, and Suzhou Bank, with outflows of 61.3681 million yuan, 50.6039 million yuan, and 40.3037 million yuan respectively [2][3]