Core Insights - A total of 8 A-share listed banks have completed their mid-term dividend distributions for 2025, with notable first-time distributions from banks like Changshu Bank, Changsha Bank, and Su Nong Bank [1][3] - Minsheng Bank leads in dividend payout with a total of 5.954 billion yuan, while other banks like Suzhou Bank, Hangzhou Bank, and CITIC Bank are set to distribute dividends next week [1][3] - The trend of mid-term dividends is shifting from an optional practice to a positive factor for smaller banks, as evidenced by Hangzhou Bank's 24.10% year-on-year increase in its dividend payout [3] Summary by Category Dividend Distribution - As of this week, 23 A-share listed banks have disclosed their mid-term dividend plans, accounting for 56.10% of the total, with a cumulative payout of 257.586 billion yuan [3] - The six major state-owned banks collectively account for nearly 80% of the total mid-term dividend payouts, with Industrial and Commercial Bank of China leading at 50.396 billion yuan [3] First-time Dividend Payouts - Seven banks, including Changshu Bank, Ningbo Bank, and Zhangjiagang Bank, have initiated mid-term dividends for the first time, with Changshu Bank distributing 0.15 yuan per share, totaling 0.497 billion yuan [3][4] - Changsha Bank's payout is 0.20 yuan per share, amounting to 0.804 billion yuan, while Su Nong Bank and Zhangjiagang Bank's first-time payouts are 0.182 billion yuan and 0.244 billion yuan, respectively [3] Future Dividend Plans - Jiangyin Bank has announced a proposed dividend of 0.10 yuan per share, pending shareholder approval [4] - Zheshang Bank's vice president indicated that the bank has distributed over 13.2 billion yuan in dividends over the past three years and is considering future dividend arrangements based on policies and industry practices [4]

Core Viewpoint - Changsha Bank is upgrading its WeChat mini-programs to enhance financial services, resulting in a temporary suspension of services during the upgrade period [1] Group 1: Service Upgrade Details - The upgrade will take place on November 15, 2025, from 00:00 to 00:30 [1] - All services provided through the Changsha Bank WeChat mini-programs will be suspended during the upgrade [1] Group 2: Alternative Service Channels - Customers can use the Changsha Bank mobile banking app and online banking for related services during the upgrade [1] - For inquiries, customers can contact Changsha Bank via WeChat public account, official website online customer service, or the 24-hour customer service hotline [1]

Investment Rating - The report does not explicitly state an investment rating for the banking sector, but it provides detailed insights into dividend yields and distribution processes, which can inform investment decisions. Core Insights - The report outlines the latest dividend yields and mid-term dividend processes for A and H shares of listed banks, emphasizing the importance of accurately calculating dynamic dividend yields to avoid discrepancies across periods [1][2]. - It details the two processes for mid-term dividends following the 2023 revision of the regulatory guidelines, highlighting the conventional and simplified processes for implementing mid-term dividends [2]. - The report provides a comprehensive overview of key dates related to dividend distribution for both A and H shares, including the importance of purchasing shares before the ex-dividend date to qualify for dividends [3][4]. Summary by Sections Dynamic Dividend Yield Calculation - A simplified yet accurate method for calculating dynamic dividend yield is introduced, defined as "rolling 12-month EPS * cash dividend rate / share price," which helps avoid issues related to overlapping or missing annual and mid-term dividends [1]. - The report calculates the cash dividend rate using a standardized approach across different banks, resulting in a clear comparison of dividend yields as of November 13, 2025 [1]. Mid-Term Dividend Processes - The report explains the two processes for mid-term dividends: the conventional process requiring shareholder approval and a simplified process allowing for quicker implementation [2]. - The simplified process is designed to enhance flexibility for companies in distributing mid-term dividends, thereby improving shareholder returns [2]. Dividend Distribution Key Dates - For A shares, investors must purchase shares before the ex-dividend date to receive dividends on the same day, while H shares typically see a delay of about one month for dividend payments [3][4]. - The report outlines the differences in the dividend distribution timeline between A and H shares, emphasizing the need for investors to be aware of these timelines to maximize their returns [3][4]. Mid-Term Dividend Progress - As of November 13, 2025, 31 A-share banks have confirmed mid-term dividends, while 11 H-share banks have also confirmed their dividend distributions [9][11]. - The report categorizes banks based on their dividend status, detailing those that have implemented dividends, those that are pending, and those that have opted not to distribute dividends [9][10][11]. - It highlights that the end of 2025 and early 2026 is expected to be a peak period for mid-term dividend distributions, suggesting potential investment opportunities for dividend-seeking investors [11].

Core Points - Changsha Bank has successfully issued a perpetual capital bond with a total scale of RMB 4 billion, approved by the 2024 second extraordinary general meeting of shareholders [1][2] - The bond has a fixed interest rate of 2.34% for the first five years, with adjustments every five years thereafter, and includes a conditional redemption right for the issuer after the fifth year [1] Summary by Sections - **Bond Issuance**: The bank's board approved the issuance of up to RMB 4 billion in perpetual capital bonds, which received necessary approvals from regulatory authorities [1][2] - **Use of Proceeds**: The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital, in accordance with applicable laws and regulatory approvals [2]

Group 1 - The core point of the article is that Changsha Bank has announced the approval of issuing up to 4 billion RMB of perpetual capital bonds at its second extraordinary general meeting for 2024 [2] - The bank successfully issued the "Changsha Bank Co., Ltd. 2025 Perpetual Capital Bonds" in the national interbank bond market, with a total issuance size of 4 billion RMB [2] - The bonds have a fixed interest rate of 2.34% for the first five years, with adjustments every five years thereafter, and the issuer has the conditional redemption right on each interest payment date after the fifth year [2] Group 2 - The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital, subject to applicable laws and regulatory approvals [2]

Core Viewpoint - Changsha Bank has successfully issued a capital bond of up to 4 billion RMB to supplement its Tier 1 capital, with a fixed interest rate for the first five years [1] Group 1: Bond Issuance Details - The bank's second extraordinary general meeting of shareholders approved the issuance of perpetual capital bonds not exceeding 4 billion RMB [1] - The bond, named "Changsha Bank Co., Ltd. 2025 Perpetual Capital Bond," was successfully issued in the national interbank bond market [1] - The issuance scale is 4 billion RMB, with a coupon rate of 2.34% for the first five years, which will be adjusted every five years thereafter [1] Group 2: Regulatory Approvals - The issuance was approved by the Hunan Regulatory Bureau of the National Financial Supervision Administration and the People's Bank of China [1] - The bond was recorded on November 11, 2025, and payment was completed on November 13, 2025 [1] Group 3: Use of Proceeds - The funds raised from this bond issuance will be used to supplement the bank's other Tier 1 capital, subject to applicable laws and regulatory approvals [1]

Core Viewpoint - Changsha Bank has approved the issuance of up to 4 billion RMB of perpetual capital bonds to supplement its Tier 1 capital [1] Group 1: Bond Issuance Details - The bank successfully issued "Changsha Bank Co., Ltd. 2025 Perpetual Capital Bonds" in the national interbank bond market [1] - The bond issuance scale is 4 billion RMB, with a fixed interest rate of 2.34% for the first five years, which will be adjusted every five years thereafter [1] - The issuer has a conditional redemption right on each interest payment date after the fifth year [1] Group 2: Regulatory Approvals - The issuance was approved by the National Financial Supervision Administration Hunan Regulatory Bureau and the People's Bank of China [1] - The funds raised will be used in accordance with applicable laws and regulatory approvals to supplement the bank's other Tier 1 capital [1]

本期债券于 2025 年 11 月 11 日簿记建档，并于 2025 年 11 月 13 日完成缴款，发行规模为人民币 40 亿元，前 5 年票面利率为 2.34%， 每 5 年调整一次，在第 5 年及之后的每个付息日附发行人有条件赎回 权。 本期债券募集资金将依据适用法律和主管部门的批准，用于补充 本行其他一级资本。 特此公告。 长沙银行股份有限公司董事会 2025 年 11 月 14 日 证券代码：601577 证券简称：长沙银行 编号：2025-052 优先股代码：360038 优先股简称：长银优 1 长沙银行股份有限公司 关于无固定期限资本债券发行完成的公告 本行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。 长沙银行股份有限公司（简称"本行"）2024 年第二次临时股东 大会审议批准了发行不超过 40 亿元人民币无固定期限资本债券的议 案。经国家金融监督管理总局湖南监管局和中国人民银行批准，本行 在全国银行间债券市场成功发行了"长沙银行股份有限公司 2025 年 无固定期限资本债券"。 1 ...

Core Points - The city commercial bank sector experienced a slight decline of 0.02% on November 13, with Changsha Bank leading the drop [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Summary by Category Stock Performance - Ningbo Bank (002142) closed at 29.79, with an increase of 1.57% and a trading volume of 268,200 shares, totaling a transaction value of 792 million yuan [1] - Chongqing Bank (601963) closed at 11.43, up 0.70%, with a trading volume of 97,500 shares, totaling 111 million yuan [1] - Zhengzhou Bank (002936) closed at 2.06, up 0.49%, with a trading volume of 1,339,300 shares, totaling 273 million yuan [1] - Other banks such as Lanzhou Bank, Shanghai Bank, and Suzhou Bank showed minor fluctuations in their stock prices, with varying trading volumes and values [1] Capital Flow - The city commercial bank sector saw a net outflow of 67.9693 million yuan from main funds, while retail funds experienced a net outflow of 99.3293 million yuan [3] - Conversely, speculative funds recorded a net inflow of 166.7 million yuan [3]

Core Points - China Bank announced that there was a withdrawal of bids by an investor, specifically Changsha Bank, just one hour before the subscription for "25 Yunnan Jiaotou MTN009" ended [1] - The scale of the withdrawal amounted to 180 million yuan, with a subscription price of 2.15% [1] - The withdrawal occurred at 17:57:07 [1]