Core Viewpoint - The annual zodiac commemorative coins and banknotes for the Year of the Horse in 2026 will be available for online reservation starting at 22:00, with a limit of 20 coins and 20 banknotes per person [1][3][12]. Group 1: Product Details - The commemorative coin has a face value of 10 yuan, made of bimetallic copper alloy, with a total issuance of 100 million pieces [5][6]. - The commemorative banknote has a face value of 20 yuan, made of plastic, with a total issuance of 100 million pieces [5][6]. - The design of the coin features the "People's Bank of China" and the year "2026," while the banknote showcases a horse design along with the national emblem [3][5]. Group 2: Reservation Process - Reservations can be made through the official websites of the participating banks or at designated branches during business hours [9][10]. - Users can access the reservation page via mobile banking apps, with some banks offering streamlined processes for registered users [10]. - Each bank has different allocation limits for the coins and banknotes, with specific numbers for cities like Beijing and Tianjin [6][10]. Group 3: Market Performance - Recent years have seen a surge in public interest in zodiac commemorative coins and banknotes, with previous releases selling out within minutes [1][13]. - The secondary market for these items remains robust, with the Dragon Year commemorative items maintaining high premium prices [11][13].

Core Viewpoint - The banking sector shows resilience with significant stock price increases, driven by executive buybacks and insurance capital inflows, indicating strong confidence in the sector's fundamentals and long-term value [3][12]. Group 1: Market Performance - On January 13, the market experienced a pullback, but the banking sector remained active, with notable gains: Ningbo Bank up over 4%, Hangzhou Bank up over 3%, and several others including CITIC Bank and Chongqing Rural Commercial Bank up over 2% [1][9]. - The top-tier banking ETF (512800) saw an intraday price increase of over 1%, closing up 0.37% and surpassing the 5-day moving average [1][10]. Group 2: Executive Buybacks - The first executive buyback announcement of 2026 was made by Chongqing Rural Commercial Bank, where some directors and executives purchased 192,000 shares from the secondary market, with a maximum investment of 1.23 million yuan [3][12]. - Nanjing Bank reported that its major shareholder, Zijin Group, increased its stake by 123,472,060 shares, representing 1.00% of the total share capital, continuing from previous increases since September 2025 [3][12]. Group 3: Insurance Capital Inflows - Insurance capital has been actively purchasing bank stocks, with Ping An Life announcing it reached a 20% stake in China Merchants Bank H-shares, triggering a mandatory bid [3][12]. - In 2025, insurance capital made 41 stake increases, the highest in nearly a decade, with bank stocks accounting for about 40% of these actions, highlighting their dominance in this area [3][12]. Group 4: Seasonal Trends - Historically, the banking sector has performed well before the Spring Festival, with the Shenwan Banking Index showing over 80% win rate in the past decade, except for 2020 [4][16]. - The average absolute return of the Shenwan Banking Index before the Spring Festival is 4.4%, with an average excess return of 4.9% compared to the Shanghai Composite Index, making it the highest among 31 industry indices [4][16]. Group 5: Future Outlook - Factors expected to drive the banking sector's performance leading up to the Spring Festival in 2026 include continued growth policies, ongoing insurance asset scarcity, and increased market volatility [7][16]. - The banking ETF (512800) is noted for its efficiency in tracking the banking sector, with a current scale of 11.95 billion yuan and an average daily trading volume exceeding 800 million yuan since 2025, making it the largest and most liquid banking ETF in A-shares [7][16].

Group 1 - The core viewpoint of the news is that the state-owned large bank sector experienced a rise of 0.87% on January 13, with Agricultural Bank leading the gains, while the overall stock indices showed declines [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, and the Shenzhen Component Index closed at 14169.4, down 1.37% [1] - The trading performance of individual state-owned banks showed varied results, with Agricultural Bank rising by 1.20% to a closing price of 7.61, while China Communications Bank saw a slight decline of 0.14% to 7.09 [1] Group 2 - The net inflow of main funds into the state-owned large bank sector was 386 million yuan, while retail investors saw a net outflow of 12.61 million yuan [1] - The detailed fund flow for individual banks indicated that Agricultural Bank had a main fund net inflow of 158 million yuan, while Industrial and Commercial Bank also saw a significant inflow of 138 million yuan [2] - In contrast, China Bank experienced a net outflow of 30.41 million yuan from main funds, indicating a negative sentiment among investors [2]

+ CCS3678 PSBH + NAME(S) AND ADDRESS OF REGISTERED SHAREHOLDER(S) 登記股東之姓名及地址 (a joint stock limited liability company incorporated in the People's Republic of China) （於中華人民共和國註冊成立之股份有限公司） (Stock Code: 1658) (股份代號：1658) DIVIDEND CURRENCY ELECTION FORM FOR 2025 INTERIM DIVIDEND OF RMB1.23 PER 10 SHARES ("2025 INTERIM DIVIDEND") 二零二五年中期股息每 10 股人民幣 1.23 元（「二零二五年中期股息」） 股息貨幣選擇表格 Registered shareholders will automatically receive their cash dividends in Hong Kong dollars unless they elect to receive them in Renmin ...

Group 1 - The A-share banking sector remains active, with the China Securities Banking Index rising over 1% during the afternoon session on January 13, 2023, driven by significant gains in stocks such as Agricultural Bank of China, Hangzhou Bank, Chongqing Rural Commercial Bank, CITIC Bank, and Nanjing Bank [1] - The Tianhong Bank ETF (515290) has seen a trading volume exceeding 38 million yuan, indicating premium trading activity, and it encompasses 42 listed banks in A-shares, covering the entire spectrum of state-owned banks, joint-stock banks, and city commercial banks [1] - The People's Bank of China emphasized key priorities for 2026, including strict governance, effective implementation of moderately loose monetary policy, financial reform, and risk prevention [1] Group 2 - Following the recent dividend distributions, including Postal Savings Bank on January 12, Jiangsu Bank and China Merchants Bank are set to distribute dividends on January 14 and January 16, respectively, with Jiangsu Bank offering 0.3309 yuan per share (totaling 6.072 billion yuan) and China Merchants Bank offering 1.013 yuan per share (totaling approximately 20.897 billion yuan) [2] - Over half of the 42 listed banks in A-shares have implemented mid-term dividends for 2025, signaling robust profitability in the banking sector [2] - Analysts from Zheshang Securities anticipate a return to positive growth in net interest income for banks, while Longjiang Securities projects stable earnings growth for mainstream banks in 2026, highlighting the increased attractiveness of the PB-ROE valuation post-recent adjustments [2]

Core Viewpoint - Several banks are distributing cash dividends, indicating a stable profitability in the banking sector and providing tangible returns to shareholders [2][3][4]. Group 1: Dividend Distribution - Postal Savings Bank distributed a cash dividend of 0.1230 yuan per share, totaling 12.33 billion yuan [3]. - Jiangsu Bank plans to distribute a cash dividend of 0.3309 yuan per share, amounting to 6.07 billion yuan [2][3]. - China Merchants Bank intends to distribute a cash dividend of 1.013 yuan per share, totaling approximately 20.90 billion yuan [2][3]. Group 2: Overall Banking Sector Performance - As of January 13, over half of the 42 listed A-share banks have implemented mid-term dividends for 2025, with 31 banks announcing such distributions, an increase of 7 banks compared to 2024 [4][5]. - The total proposed dividend amount for these banks is 276.49 billion yuan, reflecting a growth of 7.05% compared to 2024 [4]. Group 3: Dividend Yields - The dividend yields for the banks are as follows: Postal Savings Bank at 2.30%, Jiangsu Bank at 3.15%, and China Merchants Bank at 2.46% based on their respective closing prices [3]. Group 4: Future Dividend Plans - Huaxia Bank has announced a profit distribution plan with a cash dividend of 1.00 yuan per 10 shares, totaling 1.59 billion yuan, pending a shareholder meeting [7]. - Industrial Bank plans to hold a shareholder meeting on January 20 to review its mid-term profit distribution proposal, which includes a cash dividend of 5.65 yuan per 10 shares, totaling 11.96 billion yuan [7].

Group 1 - The article emphasizes the importance of enhancing investment in food security and the role of financial support in achieving this goal, particularly through technological advancements in agriculture [1] - A new round of actions aims to increase grain production capacity by 1 billion jin, focusing on improving crop yields and soil quality as key areas for agricultural technology contributions [1] - The construction of high-standard farmland in Hunan Province has been highlighted, showcasing a successful transformation from uneven plots to high-yield demonstration areas, with financial support from Agricultural Bank of China amounting to nearly 200 million yuan [1][2] Group 2 - The article discusses the necessity of a comprehensive food security strategy that spans the entire supply chain, from production to consumption, and the financial services provided by various banks to support this [3] - Construction Bank is actively offering full-chain financial services and innovative "insurance + futures" models, with project guarantees exceeding 10 billion yuan [3] - Postal Savings Bank is implementing specialized financial services to ensure support for grain producers, cooperatives, and related agricultural entities, streamlining credit approval processes to enhance efficiency [3] Group 3 - The concept of a "big food" perspective is introduced, advocating for a diversified food supply system and the exploration of food sources beyond traditional agriculture [4] - Agricultural Development Bank is expanding its services to support food sources from forests, grasslands, rivers, lakes, and marine environments, emphasizing the importance of marine development alongside traditional grain production [5] - Xiamen International Bank is promoting local特色产业 through financial products tailored to marine economies, exemplified by their support for sea cucumber farming with a personal operating loan of 2 million yuan [5]

Group 1 - The core concept of the article emphasizes the growing importance of ESG (Environmental, Social, and Governance) as a key metric for high-quality corporate development and a vital link between corporate value and social value [1][2] - The "2025 China ESG Top 100" list was released by Sina Finance, evaluating over 5,000 A-share listed companies and mainland companies listed in Hong Kong using 18 industry ESG evaluation models and over 150 ESG indicators [1][2] - The list serves as a benchmark for industry development and provides valuable decision-making references for investors [1][2] Group 2 - Postal Savings Bank was recognized in the "2025 China ESG Top 100" list, ranking 47th due to its significant contributions in the ESG field [2] - The publication of the list is a recognition of the sustainable development practices of the listed companies and promotes the core values of ESG across the industry [2] - Companies are encouraged to integrate ESG principles into their strategic planning, operations, and supply chain collaboration to achieve a symbiotic relationship between commercial and social value [2] Group 3 - The article includes a ranking table of the top companies in the ESG list, highlighting their names, scores, and industry classifications [4][5][6][7][8][9][10][11] - Notable companies in the top ranks include China Construction Bank, China Mobile, Agricultural Bank of China, Tencent, and others, all receiving a five-star rating [4][5][6][7][8][9][10][11]

从资金流向上来看，当日国有大型银行板块主力资金净流入5.44亿元，游资资金净流出4.09亿元，散户资 金净流出1.34亿元。国有大型银行板块个股资金流向见下表： 证券之星消息，1月12日国有大型银行板块较上一交易日上涨0.76%，农业银行领涨。当日上证指数报收 于4165.29，上涨1.09%。深证成指报收于14366.91，上涨1.75%。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) | | --- | --- | --- | --- | --- | --- | | 601288 | 农业银行 | 7.52 | 1.48% | 344.00万 | 25.59亿 | | 601658 | XD邮储银 | 5.34 | 0.75% | 146.17万 | 7.78亿 | | 601988 | 中国银行 | 5.53 | 0.73% | 261.57万 | 14.37亿 | | 666109 | 建设银行 | 9.11 | 0.55% | 118.58万 | 10.74亿 | | 601328 | 交通银行 | 7.10 | 0.42% | 14 ...

Regulatory Dynamics - The Financial Regulatory Bureau has issued a notice to unify the execution standards for non-auto insurance "reporting and issuing" practices, addressing issues of irrational competition and high costs in the non-auto insurance market [1] - Guangzhou Huilibao Payment Technology Co., Ltd. has been fined over 74 million yuan for multiple violations, including breaches of clearing management regulations and merchant management rules [1] Industry Dynamics - Major state-owned banks are raising the threshold for gold accumulation business, requiring personal clients to have a risk tolerance level of C3- or above to purchase gold accumulation products starting January 12, 2026 [2] - The interest rates for short-term large-denomination time deposits have dropped to "0" for several major state-owned banks, with rates for 1-month and 3-month deposits at 0.9% [2] - The average annualized yield of wealth management products has decreased to 2.2809% as of the end of 2025, with a total market size of 31.63 trillion yuan [3] - A significant wave of deposits maturing, estimated at 50 trillion yuan, is expected this year, with the majority concentrated in 2-year and 3-year deposits [5] - Several joint-stock banks' financial asset investment companies have begun investing in emerging industries, focusing on high-growth sectors such as new energy and materials [5] Corporate Dynamics - Everbright Bank's "Lehui Jin" credit card has been reported to show ghost debts, affecting users' credit scores and loan applications despite no actual defaults [6] - Yunnan's first trillion-yuan bank is set to be established through the merger of local rural credit cooperatives, creating the largest financial institution in the province [7] - Ping An Life has increased its holdings in Agricultural Bank of China and China Merchants Bank, triggering regulatory filings for both [8] - China Dadi Insurance and Sunshine Property Insurance have ceased new financing insurance business applications as of the end of 2025 [8] - Beijing's North Silver Consumer Finance has received approval to increase its registered capital by 150 million yuan, raising it to 1 billion yuan [9] - Jinshan Consumer Finance has become an executed party in a court case, with a claim amount of 20,000 yuan [9] - Zhonggang Yintong's payment license has been revoked by the central bank, marking the 12th payment license cancellation in 2025 [10] - ELong has fully acquired Firefly Microloan, enhancing its position in the financial services sector [11] Overseas Dynamics - JPMorgan Chase is set to take over Goldman Sachs' Apple credit card business, acquiring over $20 billion in credit card loans as Goldman Sachs shifts away from consumer finance [12] - Global fintech venture capital funding has rebounded significantly in 2025, reaching $55.94 billion, a 25% increase from 2024 [13]