Group 1 - The core point of the article is the resignation of Sheng Liuyong, the Chief Financial Officer of China Construction Bank, due to age reasons, effective March 31, 2026 [1] - Sheng Liuyong's resignation announcement was made on the evening of March 31 [1] Group 2 - The closing price of China Construction Bank's stock was reported at 9.65 yuan [1] - The announcement highlights a significant leadership change within the bank, which may impact its financial strategies moving forward [1]

格隆汇3月31日丨建设银行(00939.HK)公告，董事会收到生柳荣辞呈。因年龄原因，生柳荣提请辞去本 行首席财务官职务。生柳荣的辞任自2026年3月31日起生效。 ...

中国建设银行股份有限公司 关于生柳荣首席财务官辞任的公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 股票代码：601939 股票简称：建设银行 公告编号：2026-012 规；加强战略研究与政策协调，推动集团规划落地实施；优化子公司 经营管理，推动集团一体化发展；加强信息披露，做好投资者关系维 护等方面做出重要贡献。 本行董事会对生柳荣先生的重要贡献给予高度评价并深表感谢。 特此公告。 中国建设银行股份有限公司董事会 2026 年 3 月 31 日 中国建设银行股份有限公司（以下简称本行或建设银行）董事会 收到生柳荣先生辞呈。因年龄原因，生柳荣先生提请辞去本行首席财 务官职务。生柳荣先生的辞任自 2026 年 3 月 31 日起生效，具体情况 如下： | 姓名 | 辞任职务 | | 辞任时间 | | | 原定任期 | 辞任原因 | 是否继续在本 行及其控股子 | 具体职务 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

新浪财经3月31日讯，建设银行公告称，因年龄原因，生柳荣提请辞去首席财务官职务，辞任自2026年3 月31日起生效，辞任后不在该行及其控股子公司任职，也无未履行完的公开承诺。生柳荣确认与董事会 无不同意见，已做好交接工作。董事会对其贡献给予高度评价并致谢。 ...

格隆汇3月31日丨建设银行(601939.SH)公布，本行董事会收到生柳荣先生辞呈。因年龄原因，生柳荣先 生提请辞去本行首席财务官职务。生柳荣先生的辞任自2026年3月31日起生效。 ...

智通财经APP讯，建设银行(00939)发布公告，本行董事会收到生柳荣先生辞呈。因年龄原因，生柳荣先 生提请辞去本行首席财务官职务。生柳荣先生的辞任自 2026年3月31日起生效。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 本行董事會對生柳榮先生的重要貢獻給予高度評價並深表感謝。 特此公告。 中國建設銀行股份有限公司 00939 關於生柳榮首席財務官辭任的公告 中國建設銀行股份有限公司（「本行」或「建設銀行」）董事會收到生柳榮先生辭呈。 因年齡原因，生柳榮先生提請辭去本行首席財務官職務。生柳榮先生的辭任自 2026年3月31日起生效，具體情況如下： | | | | | | 是否繼續 | 是否存在 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 在本行 | | 未履行 | | | | | 原定任期 | | 及其控股 具體職務 | 完畢的 | | 姓名 | 辭任職務 | 辭任時間 | 到期日 | 辭任原因 | 子公司任職 （如適用） | 公開承諾 | | 生柳榮 | 首席財務官 | 2026年3月 | – | 年齡原因 否 | – | 否 | | | | 31日 ...

同时，牛润贵（时任建行吕梁永宁路支行行长）因贷前调查不尽职、贷后管理不到位，被禁止10年从事 银行业工作；樊小英（时任建行吕梁永宁路支行行长）因对中国建设银行股份有限公司离石支行贷前调 查不尽职的违法违规行为负有责任，被警告，罚款6万元；李金平（时任建行吕梁永宁路支行客户经 理）因对中国建设银行股份有限公司离石支行贷前调查不尽职、贷后管理不到位的违法违规行为负有责 任，被警告。 以下为罚单详细信息： 来源：金融一线 3月31日金融一线消息，据国家金融监督管理总局吕梁监管分局行政处罚信息公开表显示，中国建设银 行股份有限公司离石支行因贷前调查不尽职、贷后管理不到位，被罚款60万元。 ...

Investment Rating - The investment rating for the company is "Recommended" [1] Core Views - The company achieved an operating income of 761 billion RMB in 2025, representing a year-on-year growth of 1.9%, and a net profit attributable to shareholders of 338.9 billion RMB, with a growth of 1.0% [4] - The annualized weighted average ROE stands at 10.0% [4] - Total assets grew by 12.5% year-on-year, with loans and deposits increasing by 7.5% and 7.6% respectively [4] - The company declared a cash dividend of 3.887 RMB per 10 shares, accounting for 30% of the net profit attributable to shareholders [4] Financial Performance Summary - The company's net interest income decreased by 2.9% year-on-year, while non-interest income saw a significant increase of 17.5% [7] - The net interest margin for the year was 1.34%, down 17 basis points year-on-year [7] - The non-performing loan (NPL) ratio at the end of the year was 1.31%, showing a slight decrease [8] - The provision coverage ratio was 233%, indicating a solid buffer against potential loan losses [8] Future Projections - The company is projected to have an EPS of 1.33, 1.38, and 1.44 RMB for the years 2026, 2027, and 2028 respectively, with corresponding profit growth rates of 3.0%, 3.2%, and 4.2% [7][10] - The price-to-earnings (P/E) ratio is expected to decline from 7.34 in 2025 to 6.63 by 2028 [6] - The price-to-book (P/B) ratio is projected to decrease from 0.72 in 2025 to 0.59 by 2028 [6] Investment Recommendation - The company is recognized as a high-quality state-owned bank, with a focus on long-term strategies in housing rental, inclusive finance, and financial technology [8] - The report suggests that despite ongoing pressure on net interest margins, the company's long-term profitability is expected to recover with a moderate economic rebound, maintaining the "Recommended" rating [8]

Core Viewpoint - The six major state-owned commercial banks in China reported strong financial performance for the year 2025, with total operating income exceeding 35,482 billion yuan and net profit surpassing 14,200 billion yuan, indicating robust growth and stability in the banking sector [1][2]. Group 1: Financial Performance - All six banks achieved growth in both operating income and net profit for 2025, which has enabled them to maintain a high dividend payout ratio [2]. - The Industrial and Commercial Bank of China (ICBC) reported a stock price increase of 14.6% in A-shares and 20.7% in H-shares, along with a cash dividend of 1,105.93 billion yuan [4]. Group 2: Wealth Management and Consumer Services - Banks are focusing on innovating wealth management services to enhance residents' income and asset allocation [6]. - The Agricultural Bank of China emphasized leveraging its comprehensive operations to offer diverse financial products that meet clients' customized needs [8]. Group 3: Consumer Spending Initiatives - Several banks have prioritized boosting consumption and expanding domestic demand in 2025, enhancing financial services to support consumer spending [9]. - The Bank of China plans to inject over 20,000 billion yuan in credit to key consumption sectors, with subsidies and fee reductions benefiting over 100 million people [9]. - The China Construction Bank reported a personal consumption loan balance of 6,832 billion yuan, with a net increase of 1,552 billion yuan, and has provided 220 billion yuan in government consumption subsidies, stimulating 1,800 billion yuan in consumer spending [11].