Core Viewpoint - Postal Savings Bank of China (PSBC) shows a stable performance with a recent stock price increase and a solid dividend yield, indicating potential investment attractiveness in the context of state-owned enterprise reforms [1][2]. Financial Performance - PSBC's stock price increased by 1.30% on August 21, with a trading volume of 1.083 billion yuan and a market capitalization of 748.192 billion yuan [1]. - The bank's dividend yields over the past three years were 5.58%, 6.00%, and 4.61% respectively, reflecting a consistent return to shareholders [2]. Shareholder and Market Activity - As of March 31, PSBC had 182,900 shareholders, an increase of 18.57% from the previous period, with an average of 371,749 shares held per shareholder, down by 15.87% [7]. - The bank has distributed a total of 137.796 billion yuan in dividends since its A-share listing, with 77.395 billion yuan distributed in the last three years [8]. Institutional Holdings - As of March 31, 2025, major institutional shareholders include Hong Kong Central Clearing Limited, holding 882 million shares, and various ETFs, indicating a diversified institutional interest [8][9]. Business Overview - PSBC primarily operates in personal banking (69.57% of revenue), corporate banking (19.70%), and funding services (10.65%), positioning itself as a significant player in the Chinese banking sector [6]. - The bank is classified under the state-owned large banks category, which may benefit from ongoing state reforms [2][6]. Technical Analysis - The average trading cost of PSBC shares is 4.99 yuan, with the current stock price approaching a resistance level of 6.28 yuan, suggesting potential for upward movement if this level is surpassed [5]. Market Sentiment - Recent net inflow from major investors was 100 million yuan, with a total industry net inflow of 308 million yuan over three days, indicating positive market sentiment towards PSBC [3][4].

Group 1 - The banking sector demonstrated strong resilience amidst market fluctuations, with Agricultural Bank and Postal Savings Bank both reaching historical highs, continuing their recent upward trend [1] - Agricultural Bank's stock price broke previous highs with significant trading volume, achieving 10 trading days of historical highs in the past month, indicating sustained market interest [1] - Insurance funds remain enthusiastic about allocating to bank stocks, with Ping An Life increasing its holdings in Agricultural Bank's H-shares to over 14%, having acquired approximately 2.84 billion shares at a cost of around 14 billion HKD [1] Group 2 - The banking industry's fundamentals are showing positive changes, with stable credit growth in Q2, a narrowing decline in net interest margins, a decrease in non-performing loan ratios, and a steady increase in provision coverage ratios [1] - Agricultural Bank has surpassed China Construction Bank in total asset size, now ranking second among domestic banks, with its A-shares increasing by over 35% this year, placing it among the top performers [2] - The high dividend characteristics of bank stocks continue to attract long-term capital, with state-owned banks averaging over 5% in dividend yield, significantly higher than the 2%-2.5% guaranteed rate [2]

Group 1 - The A-share market experienced fluctuations with mixed performance across the three major indices, with the Shanghai Composite Index rising by 0.13% while the Shenzhen Component and ChiNext indices fell by 0.06% and 0.47% respectively [3] - The total trading volume in the Shanghai and Shenzhen markets reached 2.42 trillion, an increase of 158 billion compared to the previous trading day, marking the seventh consecutive day of trading volume exceeding 2 trillion [1][6] - The market showed a diverse range of performance among individual stocks, with over 3,000 stocks declining, while digital currency concept stocks and oil and gas stocks saw significant gains, including multiple stocks hitting the daily limit up [1][2] Group 2 - Key sectors that performed well included oil and gas, digital currency, beauty care, and banking, while sectors such as rare earth permanent magnets, PEEK materials, liquid cooling servers, and CPO experienced declines [2] - The limit-up performance rate was recorded at 61%, with 43 stocks hitting the limit up and 27 stocks touching the limit down, indicating a volatile trading environment [6]

转自：智通财经 【收评：沪指冲高回落涨0.13% 高位股集体大跌】智通财经8月21日电，市场全天震荡调整，三大指数 涨跌不一。沪深两市全天成交额2.42万亿，较上个交易日放量158亿，成交额连续7个交易日超2万亿。 盘面上，市场热点较为杂乱，个股跌多涨少，全市场超3000只个股下跌。从板块来看，数字货币概念股 集体大涨，御银股份等多股涨停。油气股表现活跃，准油股份涨停。银行股逆势走强，农业银行、邮储 银行双双创历史新高。下跌方面，高位股集体大跌，飞龙股份等多股跌停。板块方面，油气、数字货 币、美容护理、银行等板块涨幅居前，稀土永磁、PEEK材料、液冷服务器、CPO等板块跌幅居前。截 至收盘，沪指涨0.13%，深成指跌0.06%，创业板指跌0.47%。 MACD金叉信号形成，这些股涨势不错！ ...

Market Overview - The A-share market experienced a sudden decline in the afternoon, with the Shanghai Composite Index dropping over 0.2% before recovering slightly, while the Shenzhen Component and ChiNext indices fell [2] - The trading volume in the Shanghai and Shenzhen markets exceeded 2 trillion yuan for the first time this year, marking the seventh consecutive trading day of such volume [2] Sector Performance - Securities stocks collectively faced a pullback, with notable declines including Changcheng Securities down over 6% and Hato Securities down over 5% [2][3] - Several high-priced stocks hit the daily limit down, including Lianhuan Pharmaceutical and Zhongdian Xindong, with others like Shunlian Bio and Sainuo Medical dropping over 8% [4] Banking Sector - In contrast, bank stocks showed strength in the afternoon, with Agricultural Bank of China and Postal Savings Bank reaching new historical highs during the session [2] Hong Kong Market - The Hang Seng Index fell over 0.5%, and the Hang Seng Tech Index dropped more than 1% [6] - AAC Technologies Holdings (02018.HK) saw a rapid decline of over 14% following the release of its interim results, despite reporting a revenue of 13.32 billion yuan, a year-on-year increase of 18.4% [6][8] Company Performance - AAC Technologies reported a gross margin of 20.7%, down 0.8 percentage points year-on-year, attributed to changes in product mix, while net profit attributable to shareholders increased by 63.1% to 876 million yuan due to improved profitability in optical business and rapid growth in precision structural components [8] - CICC noted that the overall valuation level of A-shares remains reasonable, but the rapid increase in trading volume may lead to short-term volatility [8]

农业银行涨超2%，续创历史新高，青岛银行、邮储银行、青农商行、中信银行、浙商银行等跟涨。 (本文来自第一财经) ...

金融服务送到家，安全防护不能少。活动现场，银行工作人员结合真实案例，向工友们细致讲解电 信诈骗、非法集资的常见套路和防范办法。值得一提的是，新办银行卡不仅默认设置了单日交易限额， 还自动开通盗刷险，从技术层面为资金安全上了"双保险"。"听了案例才知道骗子这么多花样，有了这 些防护措施，咱干活也更踏实。" 李大哥的话道出了工友们的心声。 小小的银行卡，连接着民生冷暖；移动的服务点，传递着金融温度。从工地到社区，从城市到乡 村，邮储银行郴州市分行的普惠金融的触角不断延伸，正让更多像张师傅、李大哥这样的劳动者，在辛 勤付出的同时，感受到贴心的保障与关怀。 据了解，邮储银行郴州市苏仙区人民东路支行已通过上门服务为 180余户工人办理工资代发业务， 每月累计代发百余万元工资，规范的发放流程、专业的服务保障，让工资发放既高效又安全。接下来， 该行还将把"流动银行"开进更多建设工地、偏远社区和乡村，用科技赋能普惠金融，让便捷、安全的金 融服务触手可及，切实提升劳动者的获得感与幸福感。 责任编辑：袁浩 "以前办张银行卡得专门请假跑银行，现在工地里十来分钟就办好，还能学到防范金融诈骗知识， 真是把贴心的服务送到了咱心坎上。"8 ...

Core Insights - The meat cattle industry in Haiyuan County is crucial for rural revitalization and increasing farmers' income, experiencing rapid growth due to rising market demand and policy support [1][2] - Financial institutions are focusing on the financing needs of the meat cattle industry, enhancing credit products and services to facilitate industry transformation and upgrading [1][2] Group 1: Industry Development - As of June 2025, Haiyuan County has seen a meat cattle output of 49,900 heads, representing an 18.2% year-on-year increase [1] - The loan balance for the meat cattle industry reached 1.63 billion yuan, accounting for 16% of the agricultural loan balance in Haiyuan County and 38.10% of the total meat cattle loans in Zhongwei City [1] Group 2: Financial Support Mechanisms - The People's Bank of China in Zhongwei City has guided local financial institutions to create a whitelist system for meat cattle farmers, allowing prioritized credit approval and interest rate discounts [2] - Haiyuan Rural Commercial Bank has issued 1.306 billion yuan in loans for the meat cattle industry, making up 19.28% of its total loans [2] Group 3: Tailored Financial Products - Financial institutions have developed specialized credit products for the meat cattle industry, such as "Smart Livestock Loan" and "Agricultural Benefit e-Loan," optimizing loan amounts, terms, and interest rates [4] - Agricultural Bank of Haiyuan has implemented a "5+X" credit model to support impoverished households in expanding production, providing additional credit beyond the initial 50,000 yuan loan [4] Group 4: Risk Management and Insurance - The Haiyuan County government has established a special guarantee fund to support financing for meat cattle enterprises and farmers, offering risk compensation for qualifying guarantee businesses [5] - Insurance companies have expanded coverage for meat cattle insurance, developing products for different growth stages to mitigate risks in the breeding process [5]

格隆汇8月21日｜A股市场银行股普涨，其中，青岛银行涨超2%，中信银行、邮储银行、农业银行、民 生银行、沪农商行、华夏银行涨超1%。其中，邮储银行、农业银行再创历史新高。 ...

Core Insights - Postal Savings Bank of China issued 5 billion yuan in technology innovation bonds on August 19, with a total subscription multiple of 3.1 for fixed-rate bonds and 2.5 for floating-rate bonds [1] Group 1: Bond Issuance Details - The issuance included two types of bonds: a fixed-rate bond with a scale of 3 billion yuan, a term of 5 years, and a coupon rate of 1.82% [1] - The floating-rate bond had a scale of 2 billion yuan, a term of 3 years, and an issuance rate of 1.80% [1] - This issuance marks the first technology innovation bonds from Postal Savings Bank, with the floating-rate bond being the first of its kind in the market [1] Group 2: Fund Utilization - Proceeds from the bonds will be directed towards technology innovation sectors as outlined in the "Five Major Articles of Finance" statistical system [1] - The funds will support activities such as issuing loans for technology and investing in bonds issued by technology innovation enterprises [1]