| 业务 类别 | 关联人 | 覆盖的业务 | 2026年度关联交易累计 金额上限(亿元人民币) | | --- | --- | --- | --- | | 授信英交易 | 中国中信会融资产管理股份有限 公司 | 非键借款、同业拆倍、质押式回购、 债券包销等 | 640 | | | 中国中信金融资产国际控股有限 | 贷款及衍生品业务等 | 18.8 | | | 公司 | | | | | 授信美交易合计 | | 658. 8 | | 服务类交易 | 中国中信金融资产管理股份有限 公司 | 债券承销业务手续费、账户服务费、 汇散手续费等 | 0. 3 | | | 中国中信会融资产国际控股有限 公司 | 账户服务费、汇款手续费等 | 0.1 | | | 服务类交易合计 | | 0. 4 | | 存款类交易 | 中国中信金融资产国际控股有限 公司 | 支付定期存款利息 | 0.4 | | | 存款类交易合计 | | 0. 4 | | 其他类交易 | 中国中信金融资产管理股份有限 公司 | 对公结售汇(T+0) | 75 | | | 其他类交易合计 | | 75 | | | 全部关联交易合计 | | 734. 60 | ...

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的內容概不負責，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倚 賴該等內容而引致之任何損失承擔任何責任。 中國銀行股份有限公司 BANK OF CHINA LIMITED （於中華人民共和國註冊成立的股份有限公司） （「本行」） 於本公告日期，本行董事為葛海蛟、張輝、劉進、蔡釗、張勇*、黃秉華*、劉輝*、師永彥*、 樓小惠*、李子民*、讓•路易•埃克拉 # 、喬瓦尼•特里亞 # 、劉曉蕾 # 、張然 # 、高美懿 # 、胡展雲 # 。 （股份代號：3988） 海外監管公告 * 非執行董事 # 獨立非執行董事 中国银行股份有限公司信息披露政策 （2025 年修订） 第一章 总则 第一条 为规范中国银行股份有限公司（以下简称"本 行"）及相关信息披露义务人的信息披露行为，加强本行信息 披露事务管理，保护本行、本行投资者和利益相关人的合法权 益，提高本行信息披露管理水平和信息披露质量，根据《中华 人民共和国公司法》《中华人民共和国证券法》《上市公司信息 披露管理办法》《上市公司信息披露暂缓与豁免管理规定》《银 行 ...

（股份代號：3988） 公告 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的內容概不負責，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倚 賴該等內容而引致之任何損失承擔任何責任。 中國銀行股份有限公司 BANK OF CHINA LIMITED （ 於中華人民共和國註冊成立的股份有限公司 ） （「本行」） 董事會決議 本行於2025年12月19日在北京和香港以現場表決方式召開董事會會議，會議通 知於2025年12月5日通過書面及電子郵件方式送達至本行所有董事。本次會議由 董事長葛海蛟先生主持，會議應出席董事16名，親自出席董事14名。執行董事劉 進先生因其他重要公務未能親自出席會議，委託執行董事蔡釗先生代為出席並表 決。獨立董事高美懿女士因其他重要公務未能親自出席會議，委託獨立董事胡展 雲先生代為出席並表決。高級管理層成員列席了會議。會議的召開符合《中華人 民共和國公司法》等有關法律、行政法規、部門規章、規範性文件和《中國銀行股 份有限公司章程》（「《公司章程》」）的規定。出席會議的董事審議並以記名方式投 票表決通過了如下議案： 一、中國銀行股份有限 ...

Group 1 - The Hainan Free Trade Port officially launched its full island closure on December 18, serving as a crucial infrastructure for high-level financial openness in Hainan [1] - The multi-functional free trade account (EF account) facilitates cross-border fund transfers, enhancing the efficiency of capital settlement for enterprises [1][2] - The EF account allows banks to provide more convenient cross-border financial services without the need for prior registration or approval from foreign exchange management departments [1][2] Group 2 - Financial institutions are seizing the opportunity for financial innovation in Hainan, with significant growth in international settlement clients and cross-border RMB business volumes [2] - As of November, 11 banks in Hainan had opened EF accounts, with a total business volume equivalent to 2,950 billion RMB, involving fund transfers with 80 countries and regions [2] - The EF account has become a vital platform for cross-border fund flows in Hainan, with a notable increase in business volume since its launch [2] Group 3 - A series of financial innovation policies are being piloted in Hainan, including cross-border asset management and trade investment, with significant transaction volumes reported [3] - The cumulative cross-border trade facilitation pilot business in Hainan has reached 430.5 billion USD, while cross-border investment facilitation has totaled 28 billion USD [3] - Hainan's cross-border revenue and expenditure scale has shown consistent growth, with a year-on-year average growth rate of 55% since 2020 [3] Group 4 - The People's Bank of China has been enhancing cross-border fund flow management policies to ensure both openness and security in financial operations [4] - A comprehensive risk monitoring mechanism has been established to improve the ability to prevent cross-border financial risks [4] Group 5 - Experts indicate that the launch of the full island closure will continue to support the construction of a new cross-border financial ecosystem in Hainan, promoting institutional openness and sharing development opportunities with the world [5]

Core Viewpoint - The company has entered into a trust loan agreement with China Bank to provide a loan of RMB 600 million to its subsidiary, Chaozhou Power Generation, for the construction and operation of the Chaozhou Power Plant project, which has a total investment of RMB 8.394 billion [1] Group 1: Project Details - The Chaozhou Power Plant project consists of two units expected to commence production in November 2026 and January 2027 respectively [1] - The project aims to enhance energy supply capacity in Guangdong Province and optimize the power generation structure [1] Group 2: Financial and Strategic Implications - The project has been included in the list of special bond funding support projects approved by the State-owned Assets Supervision and Administration Commission, aligning with national investment requirements [1] - The trust loan agreement is part of the company's strategy to implement national macroeconomic policies and support the "two new" and "two heavy" strategic areas [1] - The project is expected to yield good economic returns and strong risk resistance, contributing positively to both national strategy implementation and the company's long-term development [1]

Core Viewpoint - Datang Power (601991) has entered into a trust loan agreement with Chaozhou Power and Bank of China, agreeing to provide a principal amount of RMB 600 million as a trust loan to Chaozhou Power for the construction and operation of the Chaozhou Power Plant units 5 and 6 [1] Group 1: Project Details - The total investment for the Chaozhou Power Plant project is RMB 8.394 billion, with the two units expected to commence production in November 2026 and January 2027 respectively [1] - The project aims to enhance energy supply capacity in Guangdong Province and promote optimization of the power supply structure [1] Group 2: Financial and Strategic Implications - The project has been included in the list of special bond funding support projects approved by the State-owned Assets Supervision and Administration Commission, meeting national investment requirements for "two high" and "two new" projects [1] - The trust loan agreement is aligned with national macroeconomic policies aimed at stabilizing growth and expanding investment, providing financial assurance for the project's construction [1] - The project is considered a key investment for the company, with strong economic return expectations and risk resistance capabilities, contributing positively to national strategy implementation and the company's long-term development [1]

摩根士丹利发布研报称，根据中国银行（601988）(03988)2025年第三季度业绩，修订对该行的盈利预 测。将2025至2027年度净息差预测下调，而手续费收入预测则上调，因2025年第三季手续费收入增长超 出预期。因此，该行将中国银行2025年、2026年及2027年度净利润预测分别上调0.9%、1.4%及1.1%， 将中行目标价由5.9港元升至6.3港元，评级增持。 ...

Group 1 - Morgan Stanley revised its profit forecast for Bank of China (03988) based on the bank's Q3 2025 performance [1] - The net interest margin forecast for 2025 to 2027 was lowered, while the fee income forecast was raised due to Q3 2025 fee income growth exceeding expectations [1] - The net profit forecasts for Bank of China for 2025, 2026, and 2027 were increased by 0.9%, 1.4%, and 1.1% respectively [1] Group 2 - The target price for Bank of China was raised from HKD 5.9 to HKD 6.3 [1] - The rating for Bank of China was upgraded to "Overweight" [1]

Group 1 - The core viewpoint of the news is that A-share listed banks are expected to distribute significant cash dividends, with a total expected amount exceeding 260 billion yuan, indicating a trend towards increased shareholder returns [1][2] - As of December 17, 2025, 26 A-share listed banks have disclosed their mid-term or quarterly dividend plans, surpassing the 24 banks that did so for 2024 [1][2] - The six major state-owned banks are the main contributors to this dividend distribution, with a total cash dividend expected to exceed 200 billion yuan, accounting for over 70% of the total dividends from all listed banks [2] Group 2 - The Industrial and Commercial Bank of China leads the dividend distribution with 50.396 billion yuan, followed by other major banks such as China Construction Bank and Agricultural Bank of China [2] - Several banks, including China Merchants Bank and Changsha Bank, are initiating mid-term dividends for the first time, with a total dividend amount of approximately 23 billion yuan [2] - The trend of high-frequency dividends aligns with national policy directives aimed at enhancing the quality of capital market development and protecting investor rights [3][4] Group 3 - The increase in dividend frequency is seen as a positive response to policy guidance, providing a model for other listed companies to improve their dividend mechanisms [4] - High-frequency dividends not only enhance shareholder satisfaction but also meet the investment needs of long-term funds such as social security and pension funds [4][5] - The banking sector's move towards mid-term dividends is expected to positively impact stock prices and the overall banking sector, signaling strong profitability and ample cash flow [6]

Core Viewpoint - The successful completion of a cross-border fund transfer under the EF account by China Bank's Hainan branch marks a significant breakthrough in the settlement scenarios following the official launch of the Hainan Free Trade Port's full island closure [2] Group 1: Business Innovation - China Bank's Hainan branch has facilitated a cross-border fund transfer for Auscar International Grain and Oil Co., demonstrating the innovative use of the EF account in the context of the newly established free trade port [2] - The EF account allows for compliant and direct fund transfers from outside the bonded area to processing enterprises within the free trade port, enhancing the efficiency of capital flow for businesses [2] Group 2: Financial Services Expansion - The EF account service system by China Bank has expanded to cover various scenarios including offshore trade, cross-border investment financing, and foreign exchange risk management [2] - This innovative practice showcases the versatility of the EF account, which is designed to support multiple scenarios and provide practical cross-border settlement cases for various market entities in the Hainan Free Trade Port [2]