Investment Rating - The report maintains a "Recommended" rating for the banking sector, highlighting its value for long-term investment [5][29]. Core Insights - The recent adjustments in insurance fund management are expected to enhance the dividend value of bank stocks, promoting long-term and stable investments [5][8]. - The banking sector's performance has been relatively weak compared to the broader market, with a decline of 1% in the banking sector against a 0.82% increase in the CSI 300 index [5][9]. - As of July 11, 2025, the banking sector's price-to-book (PB) ratio stands at 0.70, with a dividend yield of 5.54%, indicating attractive valuation levels [5][20]. Summary by Sections Latest Research Insights - The Ministry of Finance issued a notice on July 11, 2025, to guide insurance funds towards long-term stable investments, adjusting performance evaluation metrics for state-owned commercial insurance companies [7][8]. - The new evaluation method emphasizes a combination of annual and multi-year performance indicators, aiming to enhance the stability and growth of insurance capital [7][8]. Weekly Market Performance - The banking sector saw a 1% decline, while the CSI 300 index rose by 0.82%. Notably, state-owned banks increased by 1.31%, while city commercial banks and joint-stock banks experienced declines of 2.69% and 1.53%, respectively [5][9]. - Individual bank performances varied, with Xiamen Bank leading with an 8.73% increase, while several banks like Shanghai Bank and Jiangsu Bank faced notable declines [9][16]. Valuation and Company Analysis - As of July 11, 2025, the banking sector's PB ratio is 0.75, reflecting a 45.73% discount compared to the overall A-share market [20][25]. - The report lists key banks with their respective valuations, indicating a general decline in revenue and net profit for Q1 2025 compared to the previous year [25][28]. Investment Recommendations - The report suggests that the enhanced evaluation of insurance funds will lead to increased allocation towards equity assets, benefiting the banking sector [5][29]. - Specific banks recommended for investment include Industrial and Commercial Bank of China, Agricultural Bank of China, Postal Savings Bank of China, and others, indicating a positive outlook for their performance [5][29].

上海YWS科技有限公司专注裸眼3D/XR技术研发，曾获得"虹口区长质量奖"，由于需要持续研发创新， 研发资金成为企业发展的"卡点"。上海农商银行通过提供"质量标准贷"让企业得以凭借技术优势、标准 创新能力等获得授信，极大缓解了资金压力，对其加速构建下一代裸眼3D/XR通用计算平台起到关键性 支撑作用。 据介绍，"质量贷"是上海农商银行联合上海市各级市场监督管理局、针对取得质量荣誉或资质认证的名 录企业融资需求而推出的专项金融服务方案。该方案主要以企业政府质量荣誉作为融资增信依据，将企 业质量信用、品牌价值、质量水准等非财务指标纳入金融授信评价体系，通过建立分层授信模型，精准 实现"质量荣誉等级"与"融资授信额度"挂钩，授信最高可达5亿元。2024年，该行迭代升级"质量贷 2.0"，拓宽了质量增信评价范围，将获得"碳认证"的企业纳入服务体系，为方案注入绿色金融内涵。 自2023年推出"质量贷"方案以来，上海农商银行因地制宜，已在14家分支行区域内推动落地。在金山区 率先发布"金质贷"，后陆续推出宝山区"农商宝质贷"、虹口区"质量标准贷"、黄浦区"黄浦质汇贷"、松 江区"茸质贷"等5个区域专属子方案。 上海LC汽 ...

本报记者 彭妍 7月份以来，多家A股上市银行陆续发布利润分配实施公告。东方财富Choice数据显示，截至7月13日，在42家A股上市银 行中，已有35家完成2024年年度分红。 上海金融与法律研究院研究员杨海平对《证券日报》记者表示，A股上市银行分红密集落地，一是落实新"国九条"关于强 化现金分红、优化分红频次、强化分红可预期性的要求；二是回报投资者，向投资者传递出经营业绩向好的信号；三是强化市 值管理，形成经营业绩与股票价格、投资者回报之间的相互促进关系。 以派息日为统计节点，截至目前已有35家银行完成2024年年度分红。其中包括工商银行、交通银行、邮储银行、建设银 行、中国银行5家国有大行，招商银行、兴业银行等7家股份制银行，以及23家城商行和农商行。 对于高股息率的成因，明明表示，一方面，银行长期经营稳健，决定了其可以长期维持高股息率；另一方面，部分银行投 资者具有相对较低的风险偏好，也更看重分红所带来的稳健收益。 杨海平认为，A股上市银行股息率较高的原因，也与银行股估值相对较低以及上市银行积极响应监管部门关于分红的政策 有关。 依托高股息等核心优势，银行板块今年以来持续获得市场资金青睐。东方财富Cho ...

这周有哪些大事要闻？ 领导关心 1.龚正会见英国保诚集团首席执行官华康尧 上海市市长龚正7月10日会见了英国保诚集团首席执行官华康尧一行。 龚正表示，金融是上海最重要的城市功能之一，我们正深入实施高水平金融对外开放，着力完善金融市 场体系、产品体系、机构体系、基础设施体系，加快打造一流国际金融中心。期待双方深化合作，共赢 未来。希望企业持续优化在沪功能布局，深度参与上海全球资管中心建设，积极助力上海绿色低碳转型 和绿色金融发展。 华康尧表示，希望与上海进一步加强合作，推动资产管理业务发展，更好满足人民在健康管理与养老等 方面的需求，促进消费和经济增长。保诚集团将全力支持上海在绿色金融、应对气候变化、人工智能、 数字技术、基础设施等方面发展。 2.以钉钉子精神支持上海国际金融中心建设上海金融业联合会顺利换届 7月9日，上海金融业联合会换届大会在上海中心大厦隆重举行。市委常委、常务副市长吴伟出席换届大 会并讲话。吴伟要求，联合会要把握机遇、乘势而上，更好发挥平台、桥梁、窗口作用，为服务上海经 济建设和金融改革创新作出更大贡献。要建强金融之家，凝聚发展合力，内聚会员、外塑功能，凝聚进 一步推动上海国际金融中心建设的 ...

Group 1 - HNA Group's subsidiary, Shanxi Airlines, sold 34.7536 million shares of Hu Nong Commercial Bank, accounting for 0.36% of the bank's total share capital, generating approximately 349 million yuan in total proceeds [2] - The original investment cost for the shares was 141 million yuan, resulting in a profit of 208 million yuan from the sale, with an investment return rate of approximately 247% [4] - The sale was authorized by the board of directors and does not constitute a related party transaction or a major asset restructuring as per regulations [2] Group 2 - Hu Nong Commercial Bank's stock price has been on the rise, reaching a three-year high of 10.51 yuan per share in early June 2023, and has increased by 19.14% year-to-date [3] - As of July 11, 2023, the stock closed at 9.95 yuan per share, with a total market capitalization of 959.6 billion yuan [3][4] - The stock's trading volume was 373,000 shares, with a turnover rate of 0.40% on the same day [4] Group 3 - HNA Group faced significant challenges in recent years, reporting a net profit loss of 9.21 billion yuan in 2024, compared to a profit of 3.11 billion yuan in the previous year [5] - The company's total revenue for 2024 was 65.236 billion yuan, reflecting an 11.25% year-on-year increase [5] - As of the first quarter of 2025, the company's revenue was 17.601 billion yuan, with a year-on-year growth of 0.29%, but the net profit decreased by 60.34% [6]

Core Viewpoint - HNA Group's subsidiary, Shanxi Airlines, has sold 34.75 million shares of Hu Nong Commercial Bank, generating approximately 349 million yuan in total proceeds, optimizing asset structure and improving liquidity [2][6]. Summary by Sections Shareholding Reduction - Shanxi Airlines sold its entire holding of Hu Nong Commercial Bank shares, which accounted for 0.36% of the bank's total share capital, with total proceeds of about 349 million yuan [2][5]. - The original investment cost for these shares was 141 million yuan, equating to 4.05 yuan per share, and the book value as of March 31, 2025, was 290 million yuan [4]. Financial Performance - The sale resulted in a profit of 208 million yuan, yielding an investment return rate of approximately 247% [7]. - Hu Nong Commercial Bank's stock price has seen a significant increase, reaching a high of 10.51 yuan per share in early June 2023, with a year-to-date increase of 19.14% [6]. Company Overview - HNA Group, established in 1995, has faced operational challenges in recent years, reporting a net loss of 921 million yuan in 2024, compared to a profit of 311 million yuan in the previous year [9]. - The company's total revenue for 2024 was 65.236 billion yuan, reflecting an 11.25% year-on-year growth, while the net profit attributable to shareholders showed a significant decline [9].

21世纪经济报道记者叶麦穗 实习生孙筠雅 广州报道 银行的"红包行情"持续，7月11日，招商银行和西 安银行双双派发红包，而就在前一日中信银行和北京银行也刚刚实施完毕分红。 根据同花顺统计，A股上市银行2024年年度分红累计总额超过6300亿元，相比前一年增加了200亿元。 就在银行派发去年红包的同时，银行的中期分红也在路上。大额红包也让银行股大火，以工农中建等为 代表的18只银行股在2025年年内先后创出新高，中证银行指数上涨17%，成为今年行业板块"最靓的 仔"。 而就在前一天，7月10日，北京银行和中信银行也是联袂实施分红，北京银行的分红方案是每股派发现 金红利0.2元（含税），共计派发现金红利42.3亿元。值得注意的是，北京银行此前已派发2024年度中期 现金红利每股0.120元（含税），加上本次末期现金红利，2024年度每股合计派发现金红利达0.320元 （含税），派发现金红利合计67.66亿元（含税）。 中信银行的分红方案是每股派发现金红利0.1722元（含税），共计派发现金红利95.82亿元。中信银行此 前也已派发2024年度中期现金红利每股0.1825元（含税），加上本次末期现金红利，2024 ...

看财经、查排名、买基金，就上公募排排网，申购费低至0.001折。 以下文章来源于公募排排网 ，作者遥遥领先 公募排排网 . A股银行股近期持续强势，背后原因是什么？不少A股券商机构纷纷对银行板块的行情进行解读，总体来看可归类于基本面、资金面两大方 向。 基本面因素来看， 多家券商认为银行近年来资产质量明显改善，盈利也趋于稳定 。 其中，湘财证券在研报中指出，银行核心盈利持续改善， 净利息收入和手续费都呈现修复态势，预计上市银行营收增速有望继续改善。中泰证券则指出，银行息差下行预计慢于无风险利率，资产质量 呈现弱周期性。 （ 点此查看A股涨幅排名TOP20银行股名单 ） 资金面上， 保险资金的大举增持或许是银行股持续走强的重要原因 。在当前金融市场环境下，10年期国债利率持续走低，已跌破2%的重要关 口，使得保险资金面临资产荒困境。在传统固收类产品收益下滑的情况下，银行股因其稳定性和持续分红特性，成为险资资金配置的"香饽 饽"。对此，中泰证券分析认为，在资产荒背景下，保险负债端成本下降，对股息率要求可能继续下探。按照六大险资测算，每年增量入市资 金将超过3500亿元，而银行股将成为险资的重要配置方向。 此外， ...

Group 1 - Shanghai Rural Commercial Bank successfully issued the 2025 Financial Bonds (First Phase) with a total scale of RMB 30 billion and a fixed interest rate of 1.70% [1] - The funds raised from the financial bonds will be used to meet asset-liability allocation needs, enhance funding sources, and support credit investment to promote the development of the real economy [1] - The bonds were recorded on July 8, 2025, and completed issuance on July 10, 2025 [1] Group 2 - Shanghai Rural Commercial Bank successfully issued the 2025 Green Financial Bonds (First Phase) with a total scale of RMB 40 billion and a fixed interest rate of 1.67% [3] - The funds raised from the green bonds will be entirely allocated to green industry projects, focusing on increasing credit investment in energy-saving and environmental protection industries, clean production industries, clean energy industries, and green upgrades of infrastructure [3] - The bonds were recorded on July 8, 2025, and completed issuance on July 10, 2025 [3]

Core Viewpoint - The article discusses a recent incident in Shanghai where a businessman attempted to exchange a large quantity of severely damaged coins, leading to public debate and scrutiny regarding the bank's policies on exchanging such currency [1][6]. Group 1: Incident Overview - A businessman named Mr. Lu brought 20,000 severely burned coins weighing over 140 pounds to a bank for exchange, which sparked significant public interest and debate [1][6]. - The coins were reportedly sourced from a waste incineration power plant, as Mr. Lu's client suggested using the coins found in the ash as payment [5][3]. - The businessman faced challenges in exchanging these coins at multiple banks, claiming that Shanghai Rural Commercial Bank was the only one refusing to exchange them [5][6]. Group 2: Bank's Response - Shanghai Rural Commercial Bank stated that they had exchanged some of the coins that met their criteria after multiple discussions with Mr. Lu [2][8]. - The bank advised Mr. Lu to go to a designated central bank location for better handling of the severely damaged coins, citing the need for more expertise in identification [8][4]. - The bank emphasized that they did not refuse to exchange the coins outright but suggested alternative locations for efficiency and accuracy in processing [8][7]. Group 3: Regulatory Framework - According to the People's Bank of China regulations, financial institutions are required to exchange damaged currency under certain conditions, including the ability to identify the denomination and maintain a significant portion of the original note [10][11]. - The regulations specify that coins with more than 75% of their original value can be exchanged at full value, while those with 50% to 75% can be exchanged at half value [10][12]. - The article highlights that damaged currency, especially those severely burned, poses challenges in identification and exchange, necessitating careful handling by banks [12][17]. Group 4: Broader Implications - The incident reflects a growing trend where customers are attempting to exchange large quantities of damaged coins, with reports of similar cases emerging from other regions, such as Hunan [15][16]. - The article notes that the exchange of large amounts of damaged currency is not common but is recognized as a legitimate banking service [14][15]. - The situation raises concerns about the potential illegal trade of damaged currency, as regulations prohibit the buying and selling of damaged or counterfeit currency [15][16].