| 代码 | 名称 | 主力净流入 (元) | | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 601398 工商银行 | | | 4.72亿 | 14.30% | -2.61亿 | -7.91% | -2.11亿 | -6.39% | | 601988 中国银行 | | | 3.09亿 | 15.30% | -1.13亿 | -5.58% | -1.96 Z | -9.72% | | 601288 农业银行 | | | 2.80亿 | 6.45% | -6552.67万 | -1.51% | -2.14 Z- | -4.94% | | 601328 交通银行 | | | 2.75亿 | 15.97% | -1.16亿 | -6.74% | -1.59亿 | -9.22% | | 601658 邮储银行 | | | 1.14亿 | 12.58% | -1129.97万 | -1.25% | -1.03亿 | -11.33% | | 601939 ...

1月26日金融一线消息，国家金融监督管理总局日前发布《关于浦永灏邮储银行独立董事任职资格的批复》，核准浦永灏中国邮政储蓄银行股份有限公司独 立董事的任职资格。 简历显示，浦永灏，男，1957 年出生，获厦门大学经济学硕士学位、伦敦政治经济学院科学（人口统计学）硕士学位。曾任中银国际（英国）有限公司高 级经济师兼副总裁；亚洲开发银行高级顾问；瑞士银行董事总经理兼亚太区首席投资官、首席投资策略师兼亚太区财富管理研究部主管；弘源资本有限公司 创始人兼投资总监；伯瑞财富咨询董事总经理；华发物业服务集团有限公司独立非执行董事等职务。现任交银国际控股有限公司独立非执行董事；国泰君安 证券股份有限公司独立董事；弘源资本有限公司高级顾问；香港中国金融协会副主席。 责任编辑：曹睿潼 1月26日金融一线消息，国家金融监督管理总局日前发布《关于浦永灏邮储银行独立董事任职资格的批复》，核准浦永灏中国邮政储蓄银行股份有限公司独 立董事的任职资格。 简历显示，浦永灏，男，1957 年出生，获厦门大学经济学硕士学位、伦敦政治经济学院科学（人口统计学）硕士学位。曾任中银国际（英国）有限公司高 级经济师兼副总裁；亚洲开发银行高级顾问；瑞士银行 ...

Investment Rating - The report maintains a "Recommended" rating for the banking sector, highlighting its dividend value and low valuation as attractive for long-term investors [5][10]. Core Insights - A package of fiscal and financial policies has been introduced to support the banking sector, particularly in optimizing loan structures and stabilizing interest margins [7][8]. - The banking sector has experienced a decline of 7.44% year-to-date, underperforming the broader market, primarily due to passive fund outflows [9][10]. - The report emphasizes the potential for credit growth and structural optimization in the banking sector, driven by government policies aimed at supporting small and medium enterprises [8][9]. Summary by Sections Latest Research Insights - The report discusses the implementation of six fiscal and financial policies aimed at enhancing credit support for small and medium enterprises, including a 1.5% interest subsidy on loans [7][8]. - These policies are expected to lower overall financing costs and stimulate demand, thereby benefiting the banking sector [8]. Weekly Market Performance - The banking sector index fell by 2.70% during the week, while the broader Shanghai and Shenzhen 300 index decreased by 0.62% [18]. - State-owned banks, joint-stock banks, city commercial banks, and rural commercial banks saw declines of 4.36%, 3.08%, 0.43%, and 0.70%, respectively [18]. Valuation and Company Performance - As of January 23, 2026, the banking sector's price-to-book ratio stands at 0.64, indicating a 32.99% discount compared to the overall A-share market [35]. - The sector's dividend yield is reported at 4.92%, which is higher than the average for all A-shares, ranking second among industries [35]. - Eight listed banks have reported stable earnings recovery for 2025, with most showing growth in total assets compared to 2024 [15][16].

2025 年 12 月 21 日，中国公司治理 50 人论坛（CCG50）在 "中国公司治理 50 人论坛第六届主题论坛（第十九届中国公司治理论坛）" 上发布了 2025 年度 中国上市公司治理和 ESG 系列优秀企业榜单。该系列榜单由 CCG50 委托北京师范大学公司治理与企业发展研究中心高明华教授团队开发，评价样本涵盖截 至 2025 年 4 月 30 日上市满一年，且剔除退市、拟退市及未发布年报公司后的 5292 家上市公司，最终解释权归属 CCG50，联系人曹向东（电话 15901348949，同微信号）。 | 2025 年度中国上市公司治理百佳企业榜单(总榜) | | --- | | 2025 年度中国上市公司中小投资者权益保护百佳企业榜单 4 | | 2025 年度中国上市公司董事会治理百佳企业榜单 . | | 2025 年度中国上市公司企业家(总经理)百佳榜单 | | 2025 年度中国上市公司财务治理百佳企业榜单 | | 2025 年度中国上市公司自愿性信息披露百佳企业榜单 17 | | --- | | 2025 年度中国出海上市公司治理五十佳企业榜单 . | | 2025 年度中国非金融业上 ...

Core Viewpoint - The article discusses the increasing trend of personal non-performing loan (NPL) transfers in the banking sector, driven by regulatory changes and the rising pressure of bad debts on financial institutions [1][5]. Group 1: Market Dynamics - The personal NPL transfer market is experiencing a surge, with transaction volumes rising from 186.48 billion in 2021 to 965.30 billion in 2023, and projected to reach 1583.50 billion in 2024 [3][4]. - As of January 22, 2026, there were 20 new announcements for personal NPL transfers within the month, indicating heightened activity in the market [2][8]. - The average discount rate for personal NPL packages has significantly decreased, with rates dropping from 8%-10% before 2023 to around 5% in 2026 [10][11]. Group 2: Regulatory Impact - A regulatory notification extended the trial period for bulk transfers of personal NPLs until December 31, 2026, allowing a wider range of financial institutions to participate in the transfer process [2][4]. - The expansion of trial institutions to include city commercial banks and rural commercial banks has led to a notable increase in the volume of NPL transfers [5][17]. Group 3: Borrower Profile and Economic Context - The borrower demographic for personal NPLs includes failed entrepreneurs, unemployed individuals relying on credit cards for living expenses, and consumers with excessive debt [4][20]. - The economic backdrop, characterized by macroeconomic fluctuations and income instability, has exacerbated the bad debt situation, compelling banks to offload risk assets [5][20]. Group 4: Challenges in Asset Recovery - The recovery rates for NPLs have declined, with some packages facing average recovery rates below 6%, marking the lowest in five years [12][13]. - Financial institutions are facing challenges in asset valuation and recovery due to incomplete documentation and inefficient legal processes [26][28]. Group 5: Strategic Adjustments - Banks are adapting their strategies by improving the quality of NPL packages, such as reducing overdue times and increasing the concentration of borrowers in economically developed areas [24][25]. - There is a push for enhanced transparency and standardization in the NPL transfer process to improve market confidence and asset pricing [28].

Group 1 - The core viewpoint of the news is the optimization of the personal consumption loan interest subsidy policy, which aims to stimulate consumer spending by extending the policy duration and expanding its coverage [1][2][4] - The new policy extends the implementation period until the end of this year and includes credit card installment payments in the subsidy scope, thereby broadening the areas eligible for interest subsidies [1][3] - Financial institutions, including major banks, are quickly responding to the policy by optimizing their services to ensure consumers can benefit from the subsidies seamlessly, enhancing the overall consumer experience [4][6] Group 2 - The collaboration between financial institutions and e-commerce platforms is highlighted, with initiatives like interest-free installment products being offered to consumers, which have led to significant increases in sales for participating brands [6] - The policy is part of a broader strategy to boost domestic demand and consumer confidence, aligning with the central economic work conference's focus on enhancing the domestic market [7] - The implementation of the policy is expected to improve consumer sentiment and market vitality, contributing to a stable economic outlook and encouraging higher quality consumption [7]

（文章来源：人民日报） 此前在国务院新闻办新闻发布会上，中国人民银行副行长邹澜表示，向前看，中国具有超大规模市场和 完整产业链，科技创新和产业创新加速融合，新动能蓬勃发展，内需潜力不断释放，国内国际双循环更 加畅通，宏观经济基本面长期向好，这对人民币汇率基本稳定形成了支撑。 外部形势依然复杂严峻，主要经济体利率调整幅度和节奏还有不确定性，地缘政治冲击可能持续存在， 对汇率走势会有一定的扰动。邹澜表示，人民币汇率预计将继续双向浮动、保持弹性。 1月23日，中国人民银行授权中国外汇交易中心公布，当日银行间外汇市场人民币汇率中间价为1美元对 人民币6.9929元，相较前一交易日中间价7.0019，调升90个基点，创下2023年5月以来的新高。 当日，离岸、在岸人民币对美元汇率双双升值。2025年末，离岸、在岸人民币对美元汇率相继破"7"， 目前维持在"7"的上方运行。 中国邮政储蓄银行研究员娄飞鹏表示，这反映出人民币汇率在内外因素共振下呈现阶段性走强态势，这 一变化是市场供求、政策引导与外部环境协同作用的结果。"2026年影响人民币汇率涨跌的因素同时存 在。"中银证券全球首席经济学家管涛说。 ...

落实个人消费贷款最新财政贴息政策，已有工商银行、建设银行、中国银行、农业银行、邮储银行、交 通银行、招商银行、兴业银行等发布相关公告或进行答疑。 【问答】中国建设银行个人消费贷款财政贴息政策优化服务客户问答 中国建设银行 2026年1月22日 15:39 安徽 为深入贯彻落实中央经济工作会议精神，加力提振消费和扩大内需，根据《关于印发< 个人消费贷款财政贴息政策实施方案>的通知》(财金〔2025〕80号)、《关于优化实施 个人消费贷款财政贴息政策有关事项的通知》(财金〔2026〕1号)相关规定,我行积极 组织落实财政贴息服务。现将客户关注问题解答如下: 间题1 个人消费贷款和信用卡账单分期业务财政贴息政策执行期是什么？ 答:根据政策规定,个人消费贷款财政贴息政策执行期延长至2026年12月31日, 为2025年9月1日至2026年12月31日。信用卡账单分期财政贴息政策执行期为2026年1 月1日至2026年12月31日。客户在此期间使用我行发放的个人消费贷款和办理信用卡账 单分期业务实际用于消费,且我行可通过贷款发放账户和信用卡账单等识别相关消费交 易信息的部分,可按规定享受贴息政策,账单分期还需满足分期利 ...

随着春节临近，上市银行2025年中期分红逐渐进入尾声。 1月23日，华夏银行、渝农商行迎来2025年半年度现金红利发放日，合计派发现金红利超30亿元。《国 际金融报》记者注意到，截至目前，已有25家A股上市银行完成现金红利发放，招商银行也首次派发中 期分红208.97亿元。此外，开年以来，南京银行、齐鲁银行等多家机构获得股东高管真金白银增持。 受访专家指出，业绩预期稳定性高、高股息属性较强的银行板块仍对求稳资金具备吸引力。展望2026 年，银行业将延续盈利修复趋势，经营环境趋稳。 中期分红持续落地 （文章来源：国际金融报） 新"国九条"提出，要增强分红稳定性、持续性和可预期性，推动一年多次分红、预分红、春节前分红。 《关于推动中长期资金入市工作的实施方案》也明确，要落实一年多次分红的政策。 展望后市，张鹏远预计，2026年银行业将延续盈利修复趋势，经营环境趋稳。息差有望见底回升，推动 银行盈利增速转正，资产风险逐步出清。行业分化持续，高股息大行与区域经济强的优质城商行表现更 优，估值有望持续修复。投资主线聚焦高股息大行与优质区域行，未来五年或进入上行周期，长期向好 趋势明确。 近两年来，上市银行中期分红的队伍 ...

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report provides a comprehensive analysis of 127 regional banks in Jiangsu Province, highlighting their asset and liability structures, profitability, and asset quality [6][18] - Jiangsu's regional banks have shown a significant increase in asset growth, with major city commercial banks growing at 19.4%, surpassing the growth of listed city commercial banks at 14.2% [24][26] - The report indicates that the loan-to-asset ratio for city commercial banks is projected to reach 48.4% in 2024, reflecting a gradual increase in lending activities [30] - Jiangsu's regional banks exhibit better return on assets (ROA) compared to listed banks, with city commercial banks outperforming by 16 basis points and rural commercial banks by 9 basis points [6][42] - The asset quality of Jiangsu's regional banks is superior to that of listed banks, with lower non-performing loan ratios and higher provision coverage ratios [6][42] Summary by Sections 1. Economic Structure of Jiangsu Province - Jiangsu Province is focusing on new industrialization and strategic emerging industries, with significant contributions from cities like Nanjing and Suzhou [13][14] 2. Overview of 127 Regional Banks in Jiangsu - The report categorizes the banks into city commercial banks, rural commercial banks, and others, with a total of 127 banks established between 2006 and 2015 [18][20] 3. Asset/Liability Structure - The asset growth of major city commercial banks is accelerating, while rural commercial banks are experiencing a decline in growth rates [24][26] - The loan-to-asset ratio for city commercial banks is expected to increase to 48.4% by 2024, indicating a shift towards more lending [30] 4. Profitability - Jiangsu's regional banks have a higher ROA compared to listed banks, with city commercial banks showing a 16 basis point advantage [6][42] 5. Asset Quality/Capital Levels - Jiangsu's regional banks maintain a lower non-performing loan ratio compared to listed banks, with city commercial banks having a 30 basis point lower ratio [6][42]