科方得咨询机构负责人张新原表示，从基本面看，2025年年底以来中小银行净息差逐步企稳，资产质量 持续改善，优质区域城商行的不良贷款率回落至低位，盈利增速显著跑赢行业平均水平，低估值属性凸 显出较高的配置性价比；在政策面上，监管层加大对中小银行资本补充的支持力度，地方政府债务风险 化解举措落地，进一步降低了中小银行的经营不确定性；在市场面上，在大类资产配置中，银行板块的 高股息特征成为避险资金的重要选择，而优质中小银行兼具成长性与分红潜力，更易获得机构青睐。 张新原指出，整体来看，相比过去聚焦"扩表速度"与"区位优势"，近来机构对中小银行业务的关注倾向 发生了显著转变。一方面，从关注"规模扩张"转向关注"盈利质量"，调研重点从资产负债表的扩张速 度，转向净息差管控能力、非息收入占比提升路径、成本收入比优化空间等盈利相关指标。另一方面， 从关注"传统业务"转向关注"特色赛道"，对普惠金融、绿色金融、科创金融等政策支持型业务的布局进 展、风控模式、收益水平关注度大幅提升，尤其看重银行在细分领域的差异化竞争力。 此外，张新原进一步分析，机构投资者对上市中小银行的关注不再局限于区域经济总量的优势，而是调 研区域产业升级 ...

中经记者 张漫游 北京报道 近年来，金融机构主动响应人口老龄化国家战略，从线下硬件设施升级到线上数字服务优化，从单一产 品供给到多元生态构建，全方位推进适老化改造实践。 高鹏飞指出，当前，金融机构的适老化改造不仅体现为软硬件升级，更延伸至服务内容。针对老年人金 融风险防范意识相对薄弱的特点，不少金融机构通过走进社区、举办讲座等方式，普及防范电信诈骗、 识别非法集资等知识。在销售环节加强风险提示和过程管理，帮助老年群体树立理性投资观念。 如建设银行（601939.SH）在全国设置的超200家"健养安"养老金融特色网点，定期举办养老金融课堂， 汇聚养老规划师团队、养老领域专家、保险理财等专业人士，展开养老规划、财富管理、消保防诈等系 列讲座。同时，建设银行也深入周边企业，提供年金之类的养老专属服务，并整合网点周边资源，构建 融合生活消费、健康医疗的全方位养老综合生态。 从"有"到"优" 当前，随着众多新政的落地实施，金融机构适老化改造正迎来从"有没有"向"好不好"的转型期，如何破 解服务痛点、深化科技赋能、构建协同生态，成为行业高质量发展的重要课题。 2026年1月13日，民政部召开新闻发布会，介绍《关于培育养老 ...

Core Viewpoint - Guangdong's green loans have maintained a rapid growth rate of 24.2% year-on-year by the end of 2025, significantly outpacing the growth of other types of loans, indicating a strong focus on green finance in the region [3][21][31]. Financial Growth and Support - By the end of 2025, the balance of green loans in Guangdong reached 533.9 billion yuan, with an annual increase of 81.9 billion yuan, showcasing the effectiveness of financial institutions in supporting green initiatives [27][31]. - The People's Bank of China Guangdong Branch has implemented structural monetary policy tools to guide financial resources towards green projects, resulting in a cumulative investment of 612 billion yuan, which has stimulated local banks to increase credit in related fields by 333.9 billion yuan [15][16]. Collaborative Financial Ecosystem - Financial institutions in Guangdong, including Agricultural Bank and Postal Savings Bank, have established a collaborative network to enhance support for green and rural revitalization projects, with a focus on integrating resources and providing comprehensive services [20][21][56]. - The establishment of "Green Guangdong Financial Service Centers" by Agricultural Bank aims to provide tailored financing and advisory services for urban and rural development projects [23][25]. Innovation in Financial Services - Financial institutions have introduced innovative financial products and services to address the unique challenges faced by green industries, such as customized credit assessments and financing solutions for environmentally friendly projects [38][40]. - The Postal Savings Bank has developed a credit assessment model to support green technology enterprises, addressing their financing difficulties [30]. Environmental and Social Governance - Financial institutions are increasingly focusing on environmental and social risk management, conducting extensive ESG assessments to ensure the quality of green assets [86][89]. - The shift towards "ecological value finance" reflects a broader commitment to not only support green industries but also to directly contribute to ecological restoration and protection efforts [82][83]. Rural and Community Development - Financial services have been extended to rural areas through a comprehensive network, with Agricultural Bank covering 1,127 towns and villages, facilitating access to financial resources for local communities [56][57]. - Innovative rural financial products, such as "Rural Housing Credit Loans," have been introduced to help farmers overcome collateral challenges, demonstrating a commitment to rural revitalization [68]. Future Outlook - The financial sector in Guangdong is expected to continue deepening its collaborative efforts, enhancing policy guidance, and innovating financial products to support green development and rural revitalization in the upcoming "15th Five-Year Plan" [102][104].

Group 1 - The core viewpoint of the articles highlights that both Pudong Development Bank and CITIC Bank have successfully surpassed the 10 trillion yuan asset threshold, expanding the "10 trillion asset club" in China's banking industry to 10 members, which includes six major state-owned banks and four national joint-stock banks [1] - The total asset scale of the 10 banks now accounts for 60% of the entire banking industry, indicating a growing concentration of resources among leading institutions [1] - Chen Guowang, director of the Financial Industry Research Institute, noted that the significant changes in asset scale among banks have created a clear disparity with the classification standards established in 2015, which need to be updated to better reflect the current industry landscape [2] Group 2 - The classification standards for banks, established in 2015, categorize institutions based on asset size, but the threshold for large banks is no longer applicable as multiple institutions have surpassed the 10 trillion yuan mark [2] - The current classification includes various types of banks, such as policy banks, state-owned commercial banks, joint-stock banks, urban commercial banks, rural small banks, and private banks, indicating a diverse banking landscape [2] - Chen Guowang suggests that the asset scale classification standards should be revised to adapt to the new developments in the banking industry [2]

北京商报讯（记者 董晗萱）1月16日，由北京市商务局指导，北京日报报业集团和北京市商业联合会共同主办，北京商报社承办的2026北京商业品牌大会暨 2025年度（第二十一届）北京十大商业品牌揭晓活动在北京国际饭店成功举办。本次活动以"新需求 新供给"为主题，政府领导、商业专家及企业高层代表 齐聚一堂，共同见证了代表北京商业最高水平的"2025年度北京十大商业品牌"等优秀品牌案例的揭晓。 北京商报 · 财付通与银行反诈联防联控合作提振消费项目 · 恒生活数科 ·数智金融赋能新消费· 杭州银行北京分行 · 创新引领:全链路消费金融赋能实践· 建设银行北京市分行 ·北苑天街项目· 宁波银行北京分行 "美好生活服务平台"构建金融服务新范式 · 厦门国际银行北京分行 一 "好康贷" · 邮储银行北京分行 ·智启鸿蒙生态,融合创新金融服务· 阳光财产保险股份有限公司 ·助力"国潮"涌动： 阳光财险护航文化产业高质量发展· 中信银行北京分行 ·数字金融绘就 "惠民生 促消费"新图景· 以上排名按照汉语拼音首字母排序 当前，消费市场持续转型升级，金融作为重要支撑力量，正通过产品与服务模式的创新，精准对接消费新需求，有效释放消费 ...

证券之星消息，1月16日国有大型银行板块较上一交易日下跌1.08%，农业银行领跌。当日上证指数报收 于4101.91，下跌0.26%。深证成指报收于14281.08，下跌0.18%。国有大型银行板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601658 | 邮储银行 | 5.17 | -0.19% | 152.15万 | 7.86 Z | | 601988 | 中国银行 | 5.40 | -0.55% | 286.27万 | 15.48 Z | | 601328 | 交通银行 | 6.87 | -0.87% | 196.65万 | 13.55 Z | | 666109 | 建设银行 | 8.95 | -0.89% | 121.94万 | 10.96亿 | | 601398 | 工商银行 | 7.61 | -0.91% | 340.67万 | 25.99 Z | | 601288 | 农业银行 | 7.21 | -1.64% | 372.32万 | 27.02亿 | | 代 ...

Investment Rating - The report maintains a "Recommended" rating for the banking industry [1] Core Insights - The banking sector is experiencing a marginal recovery in medium to long-term loans, with a focus on the effectiveness of policy measures being released [1] - Social financing (社融) has shown a year-on-year decrease, with a month-on-month decline in growth rate. In December, new social financing amounted to 2.21 trillion yuan, a year-on-year decrease of 645.7 billion yuan [5] - The growth of RMB loans and corporate bonds has made a significant positive contribution to social financing increment, with RMB loans increasing by 975.7 billion yuan in December, a year-on-year increase of 135.5 billion yuan [5] - Corporate loans have shown a notable increase, with a total increase of 1.1 trillion yuan in December, a year-on-year increase of 580 billion yuan, indicating a marginal recovery in financing demand from the real economy [5] - The M2 growth rate has risen, with M1 and M2 increasing by 3.8% and 8.5% year-on-year, respectively [5] - The report suggests that the government bond's contribution to social financing has weakened towards the end of the year, while RMB credit shows signs of marginal improvement, primarily supported by corporate loans [5] Summary by Sections Social Financing - In December, the total social financing stock increased by 8.3% year-on-year, with a month-on-month decline of 0.2 percentage points [5] - The structure of corporate loans has improved, with medium to long-term loans increasing by 330 billion yuan and short-term loans by 370 billion yuan [5] Loan Data - As of the end of December, the balance of RMB loans from financial institutions increased by 6.4% year-on-year, remaining stable compared to the previous month [5] - The demand for loans from the household sector remains weak, with a decrease of 916 billion yuan in December, a year-on-year decrease of 4.416 trillion yuan [5] Investment Recommendations - The report emphasizes the continued attractiveness of the banking sector's dividend value, recommending specific banks such as Industrial and Commercial Bank of China, Agricultural Bank of China, and others [5]

Core Viewpoint - The optimization of the merger note mechanism enhances market attractiveness and serves as a catalyst for structural adjustments in the real economy, with banks actively facilitating merger note projects following the new regulations [1][2]. Group 1: Mechanism Optimization - The highlights of the merger note mechanism optimization include expanded scope and improved efficiency, allowing funds to be used more flexibly for transaction payments and replacing bridge financing, significantly reducing liquidity pressure on enterprises [2]. - The notification prioritizes support for traditional advantageous industries' transformation, strategic emerging industries, and future industrial layout mergers, aligning with the macro guidance for resource allocation optimization [2]. - The optimization of the registration mechanism significantly shortens the cycle from project initiation to fund availability, addressing the previous issue of slow fund availability compared to transaction pace [2]. Group 2: Bank Involvement - Since the notification was released, multiple banks have facilitated the successful issuance of merger notes, including a record financing scale of 5 billion yuan for China Minmetals Corporation's mid-term notes [3]. - Banks play a crucial role in the issuance process, acting as underwriters and book managers, leveraging interbank market mechanisms to provide information disclosure, organize transactions, and support liquidity [3][4]. - The involvement in merger note projects allows banks to enhance their income structure through underwriting fees, deepen client relationships, and promote their investment banking transformation [4]. Group 3: Comprehensive Service for Mergers - In addition to merger notes, merger loans are also vital tools for banks in providing merger financing services, with larger state-owned enterprises preferring merger notes to reduce financial costs [5]. - Merger loans are favored by small and medium-sized enterprises for their flexibility, while merger notes require higher information transparency due to public disclosure [5]. - A combination of merger loans and merger notes can improve the accessibility and matching of financing for enterprises, addressing both short-term bridge funding needs and long-term cost reduction [5].

证券代码：601658 证券简称：邮储银行 公告编号：临2026-002 中国邮政储蓄银行股份有限公司 本行董事会对浦永灏先生的加入表示欢迎。 特此公告。 中国邮政储蓄银行股份有限公司董事会 二〇二六年一月十五日 中国邮政储蓄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。 中国邮政储蓄银行股份有限公司（以下简称本行）2024年年度股东大会审议通过了选举浦永灏先生为本 行独立非执行董事的议案。近日，本行收到《国家金融监督管理总局关于浦永灏邮储银行独立董事任职 资格的批复》（金复〔2026〕27号），国家金融监督管理总局已核准浦永灏先生的任职资格。 根据相关规定，浦永灏先生自2026年1月13日起就任本行独立非执行董事，任期三年。同时，浦永灏先 生担任本行董事会战略规划委员会委员、董事会风险管理委员会委员、董事会社会责任与消费者权益保 护委员会委员。 浦永灏先生的简历请见本行刊载于上海证券交易所网站（www.sse.com.cn）的《中国邮政储蓄银行股份 有限公司2024年年度股东大会会议资料》。截至本公告日，除浦永灏先 ...

Monetary Policy - The People's Bank of China (PBOC) confirmed that there is still room for interest rate cuts and reserve requirement ratio (RRR) reductions in 2026, maintaining a moderately accommodative monetary policy [1] - On January 19, 2026, the PBOC will lower the re-lending and re-discount rates by 0.25 percentage points, with new rates set at 0.95%, 1.15%, and 1.25% for 3-month, 6-month, and 1-year re-lending respectively [1] Liquidity Injection - The PBOC conducted a 900 billion yuan reverse repo operation on January 15, 2026, resulting in a net injection of 300 billion yuan, marking the fifth consecutive month of increased reverse repo operations [2] - This action is part of an ongoing effort to maintain adequate liquidity in the market ahead of the Spring Festival [2] Housing Loan Rates - Starting January 1, 2026, the national housing provident fund loan rates were adjusted to 2.6% for first homes and 3.075% for second homes, nearing historical lows [3] - Future adjustments to these rates will depend on the macroeconomic environment and the recovery of the real estate market [3] Deposit Market Trends - Short-term large-denomination time deposit rates have declined, with some banks offering rates that have entered the "0" range, reducing their attractiveness compared to regular fixed deposits [4] - This trend reflects the ongoing marketization of deposit rates and is influenced by the overall monetary policy environment [4] Wealth Management Industry - As of December 2025, 14 leading wealth management companies reported a combined scale of 25.41 trillion yuan, showing a year-on-year growth of approximately 13.3% despite a slight decline from the peak in November [5] - The overall wealth management industry reached a peak of nearly 34 trillion yuan in November 2025, marking a significant increase of over 4 trillion yuan since the beginning of the year [5] Bank Dividends - In early 2026, three banks distributed nearly 300 billion yuan in dividends, indicating a faster pace of dividend distribution compared to previous years [6] - This trend reflects the banks' operational stability and provides tangible returns to shareholders, boosting market confidence [6] Payment Services - Visa announced that Chinese cardholders can now link their Visa cards to Apple Pay, with eight banks initially supporting this service [7] - This development enhances the convenience of cross-border payments for domestic cardholders and aligns with the global trend of contactless transactions [7] Leadership Changes - Liang Yanbo has been nominated as the candidate for the chairman of Qingdao Rural Commercial Bank, pending approval from the shareholders' meeting [9] - Liang has extensive experience within the Shandong rural credit system, having held various leadership positions [9] Banking Operations - Sichuan Rural Commercial Bank addressed concerns regarding card transaction limits that triggered risk controls, clarifying that users can adjust these limits through mobile banking or at bank counters [10] - This response aims to alleviate customer concerns and streamline the process for adjusting transaction limits [10] Global Economic Outlook - The World Bank reported that global economic resilience has exceeded expectations, but the income gap between rich and poor countries continues to widen [11] - The projected growth rate for per capita income in developing economies is 3% for 2026, which is lower than the average growth rate from 2000 to 2019 [11]