证券之星消息，11月24日股份制银行板块较上一交易日下跌1.05%，中信银行领跌。当日上证指数报收 于3836.77，上涨0.05%。深证成指报收于12585.08，上涨0.37%。股份制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) | | --- | --- | --- | --- | --- | --- | | 600000 | 浦发银行 | 11.53 | 0.09% | 94.82万 | 10.98亿 | | 601818 | 光大银行 | 3.58 | -0.56% | 394.65万 | 14.18 Z | | 000001 | 平安银行 | 11.60 | -0.77% | 111.71万 | 13.02亿 | | 600015 | 华夏银行 | 6.93 | -0.86% | 1 89.46万 | 6.23亿 | | 600036 | 招商银行 | 42.63 | -0.86% | 67.85万 | 29.04亿 | | 601916 | 浙商银行 | 3.07 | -0.97% | 226.63万 | 7.00亿 | | 60001 ...

编者按：当前银行理财货架产品琳琅满目，诸如"增强""稳健""均衡"等名称相近、特征模糊的产品层出不穷，投资者应如何甄别 与选择？为降低投资者的选择成本，南财理财通课题组从代销机构角度入手，每周一聚焦各渠道当周在售的理财产品，搜罗其 中业绩表现优异者，并发布代销产品业绩榜单。 本期，课题组重点关注理财公司发行的纯固收产品，从代销渠道为投资者优选出在售产品。 为提供有效的选品参考，榜单展示了产品近一月、近三月及近六月的年化业绩，并按照近三月年化收益率进行排序，以此反映 其在近期市场波动中的多维度收益表现。 统计代销机构（28家）：工商银行（601398）、中国银行（601988）、农业银行（601288）、邮储银行（601658）、建设银行 （601939）、交通银行（601328）、招商银行（600036）、中信银行、光大银行（601818）、民生银行（600016）、兴业银行 （601166）、浦发银行（600000）、广发银行、浙商银行（601916）、华夏银行（600015）、平安银行（000001）、恒丰银 行、渤海银行、北京银行（601169）、宁波银行（002142）、江苏银行（600919）、上海 ...

Core Points - The banking sector experienced a decline of 1.29% on November 21, with Minsheng Bank leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Banking Sector Performance - CITIC Bank (601998) closed at 7.92, down 0.50% with a trading volume of 680,700 shares and a transaction value of 542 million yuan [1] - China Merchants Bank (600036) closed at 43.00, down 0.53% with a trading volume of 791,300 shares and a transaction value of 3.414 billion yuan [1] - Industrial Bank (601166) closed at 21.36, down 0.74% with a trading volume of 1,022,200 shares and a transaction value of 2.188 billion yuan [1] - Ping An Bank (000001) closed at 11.69, down 1.35% with a trading volume of 1,465,400 shares and a transaction value of 1.722 billion yuan [1] - Shanghai Pudong Development Bank (600000) closed at 11.52, down 1.54% with a trading volume of 1,002,500 shares and a transaction value of 1.162 billion yuan [1] - Huaxia Bank (600015) closed at 6.99, down 1.69% with a trading volume of 1,012,500 shares and a transaction value of 716 million yuan [1] - Zhejiang Commercial Bank (601916) closed at 3.10, down 1.90% with a trading volume of 2,476,700 shares and a transaction value of 778 million yuan [1] - China Everbright Bank (601818) closed at 3.60, down 1.91% with a trading volume of 4,653,800 shares and a transaction value of 1.690 billion yuan [1] - Minsheng Bank (600016) closed at 4.11, down 2.14% with a trading volume of 5,591,500 shares and a transaction value of 2.324 billion yuan [1] Capital Flow Analysis - The banking sector saw a net outflow of 523 million yuan from main funds, while speculative funds had a net inflow of 224 million yuan and retail investors had a net inflow of 299 million yuan [1]

同时，根据人民银行支付清算系统运行维护安排，人行将于11月23日0:00至6:00进行系统维护。受此影 响，浙商银行将暂停受理与此相关的跨行业务。 2025年11月20日，浙商银行（601916）发布公告称，为了能向您提供更加优质的服务，浙商银行将于 2025年11月23日0:10至6:00和11月26日0:10至3:00进行计算机系统维护，请您知晓并提早进行准备。 维护期间，浙商银行网上银行、手机银行、微信银行、微信小程序、银企直连、收付通、数字人民币、 外汇业务、贵金属（含财富金积存）业务、第三方支付等电子渠道业务（包含通过OpenAPI方式调用行 内服务、余额查询、回单查询和打印等），ATM取现转账和POS消费业务、无卡线上办理等自助业务， 个人借记卡和信用卡（含申请、分期等）业务、跨行转账、智慧大额存单查询、云账通、贷款、理财等 业务将出现中断或延迟，通过短信或者手机银行APP发送的消息通知（含动账交易、余额变更、登录或 支付验证码等）可能出现发送延迟情况，届时请稍后再试。 浙商银行将努力缩短受影响时间，系统维护后如果您在业务办理过程中遇到疑问，请垂询浙商银行24小 时客户服务热线。由此给您带来的不便 ...

华为在通信技术领域攻克难关，构筑起全球领先的5G技术生态；比亚迪深耕新能源汽车赛道，用 核心技术重塑全球汽车产业格局；大疆以极致的无人机技术，让"中国智造"翱翔世界……近年来，一批 具有全球竞争力的民营科技企业脱颖而出，成为中国经济高质量发展的亮丽名片。 作为经济肌体的"毛细血管"，民营企业是扩大就业、繁荣市场、改善民生的重要支撑。推动民营企 业发展壮大，既需要自身"造血"，也离不开金融"输血"。中国人民银行日前发布的《2025年第三季度中 国货币政策执行报告》显示，截至2025年9月末，普惠小微贷款余额36.1万亿元，同比增长12.2%；民营 经济贷款余额71.1万亿元，同比增长5.4%。 "经过多年改革探索，民营经济已经成为实现中国式现代化不可或缺的组成部分。"在国家金融与发 展实验室副主任杨涛看来，银行机构高效服务民营经济，既是践行金融工作政治性、人民性的要求，也 是高质量服务实体经济的重要环节。 从制造到智造，从小微到龙头，近年来，银行业既做民营企业锦上添花的朋友、更做雪中送炭的伙 伴，以高效优质的金融服务助力广大民营企业扬帆前行，为民营经济"森林"枝繁叶茂提供源源不断的金 融活水。 "真金白银"投入 ...

Core Insights - The banking sector saw a rise of 0.81% on November 20, with Minsheng Bank leading the gains [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Banking Sector Performance - Minsheng Bank's stock price increased by 2.69% to 4.20, with a trading volume of 8.59 million shares and a transaction value of 3.597 billion [1] - Other notable banks included: - Everbright Bank: closed at 3.67, up 1.94%, with a transaction value of 1.901 billion [1] - Huaxia Bank: closed at 7.11, up 1.86%, with a transaction value of 975 million [1] - Zhejiang Commercial Bank: closed at 3.16, up 1.61%, with a transaction value of 1.067 billion [1] - CITIC Bank: closed at 8.15, up 1.37%, with a transaction value of 655 million [1] Capital Flow Analysis - The banking sector experienced a net inflow of 1.074 billion from main funds, while retail investors saw a net outflow of 451 million [1] - Main fund inflows for specific banks included: - Minsheng Bank: 3.03 billion, with a net outflow from retail investors of 1.10 billion [2] - China Merchants Bank: 2.55 billion, with a net outflow from retail investors of 1.12 billion [2] - Everbright Bank: 1.955 billion from main funds, but a net outflow of 775.33 million from retail investors [2]

Core Viewpoint - The A-share market has seen a significant rise in bank stocks, with notable increases in major banks such as China Bank and Construction Bank, indicating a positive sentiment towards the banking sector [1][4]. Group 1: Stock Performance - China Bank rose over 5%, Construction Bank over 4%, and Postal Savings Bank over 3%, with several other banks also showing gains of over 2% [1]. - Bank ETFs, including various Southern and E-Fund ETFs, have also experienced upward movement, reflecting the overall positive trend in the banking sector [3]. Group 2: ETF Insights - Bank ETFs track the China Securities Bank Index, with nearly 30% of their holdings in major state-owned banks like Industrial and Agricultural Bank, while about 70% focuses on high-growth banks [3]. - The Bank AH Preferred ETF tracks the Bank AH Index, utilizing a monthly security category conversion strategy based on AH prices [4]. Group 3: Institutional Investment Trends - As of Q3 2025, insurance capital has increased its holdings in the banking sector, with a holding ratio of 27.95% and a market value accounting for 3.99% of circulating A-shares [5]. - Insurance capital has increased its positions in 23 banks, with 10 banks seeing increased holdings, indicating a growing interest in the banking sector [6]. Group 4: Market Dynamics - The A-share market is experiencing a style shift, influenced by factors such as the approaching end-of-year assessments for institutions and the central bank's implementation of a moderately loose monetary policy [4]. - The decline in the proportion of bank holdings among public funds suggests a potential opportunity for reallocation towards undervalued financial stocks [4]. Group 5: Future Outlook - The insurance sector is expected to continue increasing its investment in banks, driven by stable dividends and low valuations, with a focus on high ROE small and medium-sized banks [6]. - The ongoing improvement in net profits for banks and the potential for valuation reconstruction through increased capital inflows are seen as positive indicators for the banking sector's future [6].

Core Insights - The integration of banking and social platforms is deepening, with Xiaohongshu becoming a significant battleground for banks [1][2] - Over 65 official accounts from various banks have been established on Xiaohongshu, indicating a growing trend in the banking sector [1] - The focus has shifted from traditional financial product promotion to a "scenario-based" approach, emphasizing financial literacy and market analysis [1][3] Group 1: Bank Engagement on Xiaohongshu - Several banks, including Zhejiang Bank and DBS Bank, have recently joined Xiaohongshu, offering content such as happiness guides and wealth management tips [2] - China Merchants Bank has adopted a lifestyle-oriented approach, focusing on practical financial knowledge and market insights to meet the needs of younger users [2] - Jiangsu Bank has creatively engaged users through interactive activities linked to popular events, enhancing emotional connections with the brand [2] Group 2: Digital Transformation and Marketing Innovation - The trend of banks entering Xiaohongshu reflects a deeper transformation in the banking industry towards digitalization and marketing innovation [3][4] - Banks are moving from traditional competition based on interest rates and branch networks to content-driven marketing and scenario-based engagement [3] - The entry of banks into Xiaohongshu allows for systematic dissemination of financial information, addressing the previously fragmented discussions among users [4] Group 3: Strategic Considerations for Future Engagement - Banks are advised to shift from homogeneous content to IP-based operations, balancing entertainment and professionalism to create a distinct brand image [5] - There is a need for seamless integration of financial services into daily life, with tailored solutions for trending topics [5] - Establishing a robust customer service system on social platforms is crucial for enhancing user experience and brand perception [5]

Core Viewpoint - The "2025 China Financial Institutions Annual Conference" held in Shenzhen focuses on empowering and reshaping value in the financial sector, with discussions on current economic and financial issues in China [1][2]. Group 1: Event Overview - The conference includes a main forum and six sub-forums covering various sectors such as securities investment banking, asset management, banking, insurance, trust, and futures [2]. - Over 1,000 industry elites from leading banks, insurance companies, securities firms, and futures companies participated in discussions [2]. Group 2: Awards and Recognitions - The "2025 China Banking Industry Tianji Award" results were announced, with over 100 banking institutions competing [2]. - Notable winners include: - Regional Influence Bank Tianji Award: Industrial Bank, Ningbo Bank, WeBank, and others [5]. - Outstanding Service Bank Tianji Award for the Guangdong-Hong Kong-Macao Greater Bay Area: China Construction Bank Shenzhen Branch, CITIC Bank Shenzhen Branch, and others [5]. - Outstanding Wealth Management Bank Tianji Award: Agricultural Bank of China Wealth Management, Ping An Wealth Management, and others [6]. Group 3: Specific Awards - Various awards were given for different categories, including: - Outstanding Consumer Finance Company Tianji Award: Zhaolian [6]. - Leading Wealth Management Team Tianji Award: Teams from Bank of China Wealth Management, Ping An Wealth Management, and others [11]. - Outstanding Mobile Banking APP Tianji Award: Shanghai Bank's mobile banking [18]. Group 4: Industry Impact - The Tianji Award, organized by the Securities Times, is a prestigious recognition in the banking sector, focusing on the progress and development of commercial banks over the past year [21]. - The award evaluation process combines quantitative indicators, expert reviews, and public voting, aiming to identify the best companies and innovations in the Chinese banking industry [21].

Core Insights - The banking sector saw a rise of 1.02% on November 19, with Everbright Bank leading the gains [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Banking Sector Performance - Everbright Bank's stock price increased by 1.98% to 3.60, with a trading volume of 4.21 million shares and a transaction value of 15.12 million [1] - Ping An Bank rose by 1.81% to 11.80, with a trading volume of 1.34 million shares and a transaction value of 1.56 billion [1] - CITIC Bank's stock price increased by 1.52% to 8.04, with a trading volume of 491,900 shares and a transaction value of 39.5 million [1] - Other banks like Shanghai Pudong Development Bank, China Merchants Bank, and Minsheng Bank also showed positive performance, with varying increases in stock prices and trading volumes [1] Capital Flow Analysis - The banking sector experienced a net inflow of 577 million from main funds, while retail funds saw a net outflow of 174 million [1] - Major banks like China Merchants Bank and Ping An Bank had significant net inflows from main funds, while they faced outflows from retail and speculative funds [2] - Everbright Bank had a net inflow of 24.92 million from main funds but saw a net outflow of 98.58 million from retail investors [2]