Core Viewpoint - The performance trajectory and structural differentiation of bank stocks are central topics as 2026 approaches, with expectations of a mild recovery in overall performance driven by macro policy support and easing risks [1][2] Group 1: Industry Performance Outlook - There is a consensus among institutions that the banking sector will see a mild recovery in revenue and net profit due to alleviated pressure from narrowing interest margins and growth in wealth management and other fee-based businesses [2][3] - The growth dynamics of the banking industry are shifting from homogeneous scale expansion to differentiated competition based on customer loyalty, business structure, and operational efficiency [3] - Major banks with established advantages in settlement and wealth management are expected to outperform smaller banks, which may face increased investment pressures [3] Group 2: Interest Margin and Asset Quality - The net interest margin is anticipated to stabilize in 2026, supported by improvements in deposit costs and a reduction in downward pressure on asset yields [4] - While overall asset quality is expected to remain stable, there is a shift in risk focus from the overall sector to specific banks, with those managing retail assets and real estate exposure effectively showing greater resilience [4] Group 3: Investment Strategies - Investment strategies are converging on three main areas: large state-owned banks, regional banks benefiting from local economic vitality, and banks with specific recovery or transformation potential [9][10] - Large state-owned banks are viewed as defensive choices with high allocation value due to their stable operations and attractive dividends [9] - Regional banks with solid asset quality and strong performance certainty, particularly in economically developed areas, are highlighted as targets for excess returns [9][10]

毗邻南沙港，坐落在广州市南沙区珠江街的广东医谷·南沙生命科学园（一园）是南沙区首个国家级科 技企业孵化器，也是广东医谷推动生物医药产业创新要素集聚发展的起点。 走进园区，现代化研发楼宇与标准化生物实验室错落有致，冷链物流中心、第三方检测平台等配套设施 一应俱全，穿着白大褂的科研人员穿梭其间，一派繁忙的创新景象。 谁能想到，这里在2014年之前还是一片荒芜，不仅野草丛生，生物医药产业必需的专业配套更无从谈 起。如今，这里不仅形成了产业链上下游紧密联动的产业集群，更孕育出一批在细胞治疗、基因编辑、 医学检验等赛道具备核心自主创新能力的细分领域领军企业。 在广东，像广东医谷这样的高科技产业园区已成为区域集聚科创动能的核心载体。这些园区如同"创新 磁场"，依托"以园聚链"的发展策略，产业链上下游企业在技术、市场、人才等领域深度协同，实现了 产业垂直整合与空间集聚的双向赋能。 而这场从"0"到"1"的跨越，既需要产业规划的远见卓识，更离不开破解资金难题的金融支撑。中国建设 银行广东省分行（下称"建行广东省分行"）正是这场"筑巢育新"行动中的关键力量。 近年来，建行广东省分行不断以灵活、多元、高效的全周期金融服务，配合高 ...

年终之际，建设银行以文字为笔、以图片为墨，定格那些跨越地域的牵挂、那些扎根一线的付出、那些 双向奔赴的感动。坚信，相信爱，便会有生生不息的希望；播种爱，终能迎来繁花盛开的明天。 让无声世界唱响生命欢歌 "谢——谢！" 在第35次全国助残日活动现场，黑龙江宝清县特教中心9岁的汤金昌，用略显生涩却坚定的声音道出心 声。这穿越漫长寂静的两个字，揭开了一段由金融善意点亮梦想的温暖故事——建设银行黑龙江双鸭山 分行的公益支持，为他和小伙伴马晶晶推开了有声世界的大门。 曾经，寂静是两个孩子世界的底色。汤金昌总爱把耳朵贴在玻璃窗上，在作文本上画满"风的声音的波 浪"；马晶晶的父母为攒够助听器的费用日夜操劳。寻常的对话、清脆的鸟鸣与悦耳的歌声，对他们曾 是遥不可及的奢望。 转机源于一份精准的关怀。建设银行发起了"善建赋声"项目，20万元专项公益资金最终转化为两副为孩 子们量身定制的助听器。当设备开启的瞬间，清晰的声音首次涌入耳畔——汤金昌第一次真切听见了老 师的问候与窗外的鸟鸣，马晶晶则急切地开始练习每一个音节。枯燥的康复训练日复一日，但他们眼中 始终闪烁着光。 如今，汤金昌已顺利转入普通学校，能在课堂上清晰聆听；马晶晶则站 ...

针对老年客户占比较高的情况,建行德州电厂支行从细节入手推进服务设施适老化改造:网点设置大字号 叫号屏,配备老花镜、急救药品等便民物资,无障碍通道畅通便捷,各类标识清晰醒目,为老年人营造安全、 舒适的业务办理环境。 对于行动不便、无法亲临网点的老年客户,建行德州电厂支行提供上门服务,涵盖密码重置、银行卡挂失 等高频业务,真正实现"服务多跑路,群众少跑腿"。在办理遗产继承等复杂业务时,工作人员不仅耐心指导 流程,更注重情绪安抚,体现金融服务的温度。 在智能服务方面,建行德州电厂支行网上银行、手机银行及智慧柜员机均上线"长辈模式",界面更简洁、 字体更清晰、操作更便捷,并辅以语音引导,助力老年人轻松跨越"数字鸿沟"。同时,该行定期组织开 展"银发课堂"、反诈宣传等活动,结合真实案例揭秘常见骗局,增强老年客户风险防范意识。 在养老金融规划方面,建行德州电厂支行整合个人养老金账户、养老年金保险、家族信托等多元化产品, 提供覆盖稳健储蓄、医养结合等需求的综合解决方案,助力市民科学规划晚年生活,安享金色年华。 建行德州电厂支行表示,将持续推进养老服务能力建设,以专业、安全、便捷的金融服务,陪伴老年人温暖 前行,为"老有所养 ...

电商巨头京东大手笔，近35亿港元拿下香港中环中国建设银行大厦50%股权。 35亿港元 京东收购香港中环建行大厦50%股权 昨日，丽新国际发布联合公告，披露了一项非常重大的出售事项：丽新发展全资附属公司作为出售方， 向独立第三方Jasmine Investment Development IV，全数出售位于香港干诺道中3号的中国建设银行大厦 50%权益。该交易预计于2026年1月完成，总代价约为34.98亿港元。 图源：丽新国际公告 据悉，此次收购方为京东控股的投资主体。京东昨日（10日）发出公告确认交易，京东表示，公司始终 看好在香港的发展，未来将围绕供应链持续投资推动零售、物流、技术研发等业务融入香港，服务香 港。 图源：京东 与李嘉诚竞购胜出 在香港，本地人对于丽新集团一定不会陌生，这家由著名潮商巨擘林百欣先生创立于1947年的商业帝 国，在巅峰时期总资产一度接近600亿港元，如今业务涵盖物业发展、物业投资、酒店业、传媒及娱乐 等多个领域。其主要子公司包括丽新国际、丽新发展、丽丰控股、丰德丽控股以及寰亚传媒集团等。 目前林建岳担任丽新集团的董事会主席，他不仅是林百欣先生的儿子，也是这个商业帝国的继承人和领 ...

来源：今日建行 近日，2025全球数商大会（以下简称"数商大会"）在上海国际会议中心举行。本届数商大会，以"数联 全球 商通未来 乘数无界"为主题，聚焦推进实体经济和数字经济深度融合。建设银行参加大会开幕式及 多个分论坛，全方位展示在区块链场景建设、数据要素流通、数商生态服务等数字经济领域的实践与探 索。 在开幕式上，数商大会发布"航运贸易数字化合作创新联盟区块链信用证应用场景"，建行上海市分行作 为首批合作金融机构，依托区块链实现信用证业务全流程上链，破解传统跨境结算瓶颈，为广大外贸企 业提供更安全、便捷的跨境金融服务，助力贸易金融生态建设，获得会议主办方高度关注。为期两天的 活动中，建行先后受邀参加区块链创新高峰论坛、"可信碳数 链通未来"等分论坛，集中展示区块链领 域多项创新实践成果，分享公共数据开发利用经验和建议。 数字经济时代，数据要素的融合应用，既是商业银行数字化转型的关键路径，更是践行金融"五篇大文 章"、赋能实体经济的关键抓手。近年来，建行积极聚焦数据要素流通，以数据服务数据、以创新服务 创新、以新质生产力服务新质生产力，全面构建数字经济时代的发展新模式，多措并举服务数商生态发 展，扩大"数商 ...

Group 1: Federal Reserve and Economic Outlook - The Federal Reserve announced a 25 basis point cut to the federal funds rate, bringing it to a target range of 3.50%-3.75%, marking the third cut of the year [2][7] - The decision faced dissent with three members voting against it, and the dot plot indicates one more rate cut is expected next year, with inflation projected to slow to around 2.4% [2][7] - The World Bank raised its 2025 economic growth forecast for China by 0.4 percentage points, attributing this to supportive fiscal and monetary policies, as well as a diversified export market [2][7] Group 2: Industry Developments - The wholesale price of Moutai liquor reached a historical low of 1500 yuan per bottle, just 1 yuan below the official guidance price, indicating ongoing pressure in the liquor industry [2][7] - The merger between Zhongke Shuguang and Haiguang Information was terminated, resulting in a market value loss of approximately 146 billion yuan for Zhongke Shuguang [3][8] - A significant number of A-share companies are expected to distribute cash dividends, with total dividends exceeding last year's total, marking a historical high [3][8] Group 3: Emerging Markets and Technologies - The low-altitude economy is projected to grow rapidly, with market size estimates reaching 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035 [4][9] - The robotics industry is seeing active investment, with companies like Yushu Technology and Zhiyuan Robotics competing for high-profile sponsorships, although concerns about industry bubbles persist [3][8] - Over 200 A-share companies have been surveyed by brokerages, with a focus on storage chip companies, as the technology sector is viewed as a key investment area for 2026 [3][8]

Group 1 - The core idea of the article is that the Bank of China is actively promoting financial services in rural areas to support rural revitalization through initiatives like the "Yunong Tong" service [1][3][4] Group 2 - The focus of the recent initiative is to assist villagers with social security payments and banking services, allowing them to complete these tasks locally without traveling to distant bank branches [3] - The service team utilized local "Yunong Tong" service points to facilitate on-site banking services, including card applications and customer information registration [3] - The initiative not only provided efficient financial services at the doorstep of villagers but also strengthened the relationship between the Bank of China and local communities, enhancing the bank's brand image in supporting rural revitalization [4] Group 3 - The service team engaged with farmers and small business owners to understand their funding needs, collecting information for potential loan applicants and explaining the "Yunong Loan" application process [3][4] - The Bank of China plans to follow up on the potential clients identified during this initiative to convert their needs into actual loan support, and will continue to conduct similar rural outreach services [4]

作者 | 陈进波 统筹 | 黄嘉翔 视觉 | 顾芗 作为改革开放的排头兵、先行地、实验区，广东站在新的历史起点，着眼发展新质生产力，强化科技创 新和产业创新深度融合，建设现代化产业体系，完善区域协调发展，奋力为中国式现代化建设作出贡 献。作为广东地区金融体系的重要组成单元，建设银行广东省分行深入贯彻落实党的二十届四中全会精 神，自觉将自身发展融入广东"走在前、作示范、挑大梁"的宏伟实践，坚持以人民为中心，持续推动金 融资源向关键产业、重点领域集聚，以实际行动勾勒广东高质量发展的奋斗轨迹。 赋能科技智造，金融活水润泽现代化产业体系建设 中国式现代化要靠科技现代化作支撑。在广东斯丹诺智能装备有限公司（以下简称"斯丹诺"）的精密机 械车间内，一台台搭载新型数控系统的锯床正以毫米级精度切割金属板材，工业级触控屏上实时跳动着 切割速度、压力值和温度曲线。"与传统车间依赖人工校准不同，这里90%的锯切工序由智能算法驱 动。"现场工艺负责人介绍说。 从引领未来的科研创新，到转型驱动的智造升级，在助力现代化产业体系建设进程中，建行广东省分行 正在构建起覆盖基础研究到产业化的金融服务生态。截至11月末，建设银行广东省分行科技型 ...

Core Viewpoint - A-share companies are significantly increasing cash dividends, with total dividends exceeding last year's amount, setting a new historical high [1][3]. Group 1: Bank Dividends - On December 11, China Bank and Construction Bank are distributing cash dividends, with China Bank distributing approximately 35.25 billion yuan and Construction Bank distributing about 48.61 billion yuan [3]. - Industrial and Agricultural Banks will distribute over 76 billion yuan in cash dividends on December 15, reflecting a stable dividend rate among banks [3][4]. - The number of banks implementing mid-term dividends is increasing, with some banks raising their dividend rates, indicating strong dividend value in the banking sector [3][4]. Group 2: Other Companies' Dividends - Kweichow Moutai announced a cash dividend of 23.957 yuan per share, totaling approximately 30 billion yuan, with the ex-dividend date set for December 19, 2025 [6]. - Wuliangye will distribute 25.78 yuan for every 10 shares, amounting to about 10 billion yuan, with the ex-dividend date on December 18, 2025 [6]. - Regulatory measures are being strengthened to support cash dividends, aiming to enhance investor returns and company value [6][7].