来源：环球网 春节临近，年味渐浓，中原大地处处喜庆，千家万户正忙着置办年货、准备团圆。中国银行河南省分行 聚焦"饭桌年味"需求，从市场辛香交织的调料摊到乡村热气朦胧的粉条架，以金融"活水"精准灌注，为 新春团聚献上温暖的中行红。 针对万邦市场广大小微商户备货需求，中国银行通过"万邦场景贷"产品累计提供信贷支持超11亿元，惠 及商户近千户。空气里浮动的，不仅是调料香，更是中行以高质量服务托起的年味烟火气。 寒冬季节，在河南禹州，一家家粉坊里热气蒸腾。这里的新春，是从一根根晶莹透亮的粉条开始的…… 作坊里，师傅手腕轻巧起伏，粉浆如丝入锅，红薯淀粉特有的醇香弥漫在空气里，乡亲们忙里说笑，谱 成了"年节生产交响曲"。禹州"三粉"——粉条、粉皮、淀粉，不仅是团圆锅里少不了的老味道，更是几 代人手艺与匠心的沉淀。 "手艺是祖传的，咱心里有底；可一到需求旺季想扩产，资金就没底了。"老板李师傅在晾晒架前一边忙 碌、一边感慨。这份"甜蜜的负担"，曾是粉坊老板们共同的难题。 为破解当地"三粉"产业"散、小、急"的融资困境，中国银行河南省分行创新推出"三粉场景贷"，工作人 员深入乡镇、走进作坊，精准对接需求，快速投放贷款。"扩产有 ...

Core Viewpoint - The A-share market saw a broad increase in bank stocks, with Shanghai Bank, Construction Bank, CITIC Bank, Minsheng Bank, Bank of Communications, and Zheshang Bank all rising over 1% [1] Group 1: Stock Performance - Shanghai Bank (601229) increased by 1.82%, with a total market capitalization of 142.8 billion and a year-to-date decline of 0.50% [2] - Construction Bank (601939) rose by 1.58%, holding a market cap of 2,354.4 billion, and has a year-to-date decline of 3.02% [2] - CITIC Bank (601998) saw a rise of 1.47%, with a market cap of 421.8 billion and a year-to-date decline of 1.56% [2] - Minsheng Bank (600016) increased by 1.27%, with a market cap of 174.3 billion and a year-to-date increase of 3.92% [2] - Bank of Communications (601328) rose by 1.19%, with a market cap of 602.6 billion and a year-to-date decline of 5.93% [2] - Zheshang Bank (601916) increased by 1.01%, with a market cap of 82.4 billion and a year-to-date decline of 1.32% [2] Group 2: Additional Bank Performance - Chongqing Rural Commercial Bank (601077) rose by 0.91%, with a market cap of 75.6 billion and a year-to-date increase of 6.49% [2] - Everbright Bank (601818) increased by 0.90%, with a market cap of 198.5 billion and a year-to-date decline of 0.78% [2] - Nanjing Bank (6000009) rose by 0.89%, with a market cap of 140.5 billion and a year-to-date decline of 0.61% [2] - Lanzhou Bank (001227) increased by 0.86%, with a market cap of 13.4 billion and a year-to-date increase of 3.46% [2] - Postal Savings Bank (601658) rose by 0.77%, with a market cap of 626.9 billion and a year-to-date decline of 2.05% [2] - Agricultural Bank (601288) increased by 0.75%, with a market cap of 2,365.9 billion and a year-to-date decline of 11.98% [2] - Bank of China (601988) rose by 0.74%, with a market cap of 1,746.4 billion and a year-to-date decline of 5.41% [2] - Qingdao Bank (002948) increased by 0.72%, with a market cap of 32.5 billion and a year-to-date increase of 24.78% [2]

Summary of Conference Call on Banking Sector Outlook Industry Overview - The conference focused on the banking sector, specifically discussing the performance and outlook of 11 listed banks in China for the year 2025 and beyond [1][6]. Key Points and Arguments 1. Overall Performance of Banks - The performance of the 11 banks exceeded expectations, indicating a robust resilience in the banking sector [1][6]. - The net interest margin (NIM) showed signs of stabilization, with a narrowing year-on-year decline contributing significantly to interest income and revenue growth [1][2]. 2. Sensitivity of Interest Income - Interest income is highly sensitive to changes in NIM; a decrease of 10 basis points (BP) in NIM could reduce net interest income growth by 7 percentage points, while a 5 BP decrease would result in a 3.5 percentage point reduction [2]. 3. Fee Income Recovery - There has been a recovery in fee income due to improved capital market conditions and asset allocation by residents, leading to a continuous improvement in bank fees [2][4]. 4. Potential for Old Bond Gains - The banks hold significant unrealized gains on old bonds, which presents a substantial opportunity for realization [3]. 5. Positive Outlook for 2026 - The overall judgment is that the situation in 2026 will be better than in 2025, driven by stable basis points, improving fees, and gains from old bonds [3]. 6. Investment Perspective - The investment strategy focuses on absolute returns, targeting a return on equity (ROE) of around 13% and a price-to-book (PB) ratio of 0.67 times, indicating a reasonable pricing range [3][4]. - The recommendation is to select stocks based on high growth and high dividend yield, particularly in regions like Jiangsu, Nanjing, and Qilu [4][5]. 7. Performance of Specific Banks - Notable banks such as China Merchants Bank and Industrial Bank showed positive revenue growth, with some banks transitioning from negative to positive growth [6][7]. - City commercial banks like Nanjing Bank and Qingdao Bank reported double-digit revenue growth, indicating strong performance [7][10]. 8. Asset Quality and Non-Performing Loans (NPLs) - The asset quality remains stable, with many banks reporting a decrease in NPL ratios. For instance, Qingdao Bank's NPL ratio dropped significantly [10][11]. - The overall trend suggests a gradual improvement in asset quality, with expectations for continued stability in 2026 [11][12]. 9. Credit Growth and Demand - Credit growth is expected to remain strong, particularly in major provinces like Sichuan and Jiangsu, which reported credit growth rates above 8% [12][13]. - The demand for corporate loans remains robust, while retail loan demand is weaker [12]. 10. Future Risks and Projections - There are concerns regarding the potential exposure of retail loans, particularly in mortgage and consumer credit segments, but the overall increase in NPLs is expected to be limited [16][17]. - Projections for 2025 indicate a slight increase in NPL ratios for retail loans, but overall asset quality is expected to remain stable [17][18]. 11. Revenue Growth Expectations - The banking sector is projected to achieve a revenue growth rate of approximately 1.2% year-on-year, with city commercial banks leading in net profit growth [19][20]. 12. Stock Selection Strategy - The stock selection strategy emphasizes high ROE and high dividend yield, with recommendations for both Hong Kong and A-share listed banks [20][21]. Additional Important Insights - The conference highlighted the importance of wealth management in driving fee income, with expectations for continued positive contributions to revenue [19]. - The overall sentiment is optimistic regarding the banking sector's ability to navigate challenges and capitalize on growth opportunities in the coming years [22].

三、中国银行应督促上述核准任职资格人员持续学习和掌握经济金融有关法律法规，牢固树立风险合规 意识，熟悉任职岗位职责，忠实勤勉履职。 一、核准罗天中国银行股份有限公司珠海分行行长的任职资格。 二、中国银行应要求上述核准任职资格人员严格遵守金融监管总局有关监管规定，自中国银行政许可决 定作出之日起3个月内到任，并按要求在到任后10日内报告到任情况。未在上述规定期限内到任的，本 批复文件失效，由决定机关办理行政许可注销手续。 2026年2月3日，珠海金融监管分局发布批复称，《中国银行（601988）广东省分行关于对罗天任职资格 核准的请示》（粤中银报〔2025〕380号）及相关说明解释材料收悉。经审核，现批复如下： ...

Group 1 - The core viewpoint of the article highlights the contrasting behaviors in the gold market, with retail investors showing enthusiasm for gold purchases while financial institutions adopt a cautious approach by tightening investment criteria and risk assessments [1][4][5] - As of February 9, the spot gold price reached a high of $5047.257 per ounce, marking a significant recovery above the $5000 threshold, with A-share and Hong Kong gold stocks also experiencing gains [1][2] - The current gold bull market has seen a cumulative increase of over 246% since its low in September 2022, with a notable surge of 64.56% in 2025, indicating strong market momentum [2][3] Group 2 - Financial institutions are raising the entry thresholds for gold investment, with banks like China Construction Bank and China Merchants Bank increasing minimum investment amounts for gold accumulation products [4][5] - Risk assessment standards are being tightened, with banks requiring higher risk tolerance levels for clients wishing to engage in gold investment, reflecting a proactive approach to consumer protection [5][6] - Despite the tightening of investment criteria, banks are also promoting gold-related financial products, such as structured deposits, which offer lower risk and are designed to appeal to a broader range of investors [6][7] Group 3 - The demand for physical gold products is surging ahead of the Spring Festival, with many banks reporting shortages of gold bars and coins, leading to recommendations for online purchases [7][8] - Investors are advised to be cautious during the holiday period, as international gold markets will remain active while domestic trading may pause, creating potential volatility [8][9] - Recommendations for gold investment include understanding the purpose of the purchase, with suggestions for gradual buying strategies to mitigate risks associated with high prices [10][11]

2026年全球经济延续弱复苏态势，不确定性依然存在。中国在积极宏观政策支持下，内需逐步企稳回升，供需趋于平衡，预计全年经济增速在4.7%至5.0% 之间，为"十五五"开局奠定基础。美国经济回归潜在增长水平，政策不确定性有所降低，美联储降息与扩表同步推进，流动性持续改善。欧元区经济基本面 稳健，货币宽松预期仍存；英国经济韧性较强，但降息信号尚未明确。 全球资产配置方面，贵金属表现优于其他类别，黄金长期上涨逻辑稳固，白银因金融、工业及投资需求支撑，趋势向上但波动加剧。铜、铝受AI发展影 响，核心逻辑变化，价格有望上行，但短期过快上涨带来风险。原油市场供过于求格局未改，价格或围绕成本区间震荡。中国资产价值重估趋势显现，A股 慢牛格局确立，港股受益于人民币资产国际化与外部流动性宽松，建议超配。美股估值处于高位，需注重攻防平衡。欧洲股市性价比提升，建议标配。日本 股市受益于政策红利与经济复苏，但地缘风险上升，需谨慎对待。 债券市场中，美联储多次降息推动美债收益率中枢下移，建议超配。中资美元债前期超配，后期视情况调整。欧债配置价值较高，建议标配。国内货币政策 维持适度宽松，资金利率波动收窄，中债建议标配。外汇市场方面，美 ...

Summary of Key Points Core Viewpoint - The company has approved a guarantee limit for its subsidiaries to enhance financing efficiency and ensure normal cash flow, with a total guarantee amount of RMB 170 million allocated for various subsidiaries [3][4]. Group 1: Guarantee Overview - The company has a total external guarantee amount of RMB 2.035 billion, which accounts for 98.74% of the audited net assets attributable to shareholders for the year 2024 [2]. - The company will provide guarantees for subsidiaries with a debt-to-asset ratio of 70% or more up to RMB 20 million, and for those with a ratio below 70% up to RMB 150 million [3]. Group 2: Guarantee Progress - On February 9, 2026, the company signed a maximum guarantee contract with China Bank for a subsidiary, Shenzhen Yizhong Optoelectronics Co., Ltd., providing a guarantee of RMB 30 million for a credit facility [5]. - The company adjusted the unused guarantee amount of RMB 30 million from its wholly-owned subsidiary Yidao Digital to Yizhong Optoelectronics, maintaining the total guarantee balance for Yidao Digital at RMB 1.075 billion [5]. Group 3: Subsidiary Information - Shenzhen Yizhong Optoelectronics Co., Ltd. was established on August 27, 2025, with a registered capital of RMB 80 million and is primarily engaged in the manufacturing and sales of semiconductor lighting devices [6][7]. Group 4: Guarantee Contract Details - The maximum guarantee amount for Yizhong Optoelectronics is RMB 30 million, with a guarantee period of three years from the debt performance deadline [8]. - The guarantee covers all debts owed by Yizhong Optoelectronics to China Bank, including principal, interest, penalties, and other related costs [8][9]. Group 5: Board Opinion - The board believes that the guarantee is necessary for the operational needs of the subsidiary and will enhance its operational efficiency and financing capability, posing no significant risk to the company [10]. Group 6: Cumulative Guarantee Status - As of the announcement date, the total external guarantee balance for the company and its subsidiaries is RMB 1.339086 billion, which is 64.97% of the audited net assets for 2024 [10].

Group 1 - The core point of the article is the launch of the "Fullgoal Core Power Mixed Securities Investment Fund," which is set to be publicly offered from February 24, 2026, to March 16, 2026, with a minimum fundraising target of 200 million RMB [12][13]. - The fund is classified as a mixed securities investment fund, with an indefinite duration and a face value of 1.00 RMB per share [12][13]. - The fund management company is Fullgoal Fund Management Co., Ltd., and the custodian is Bank of China Limited [46][47]. Group 2 - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [2][12]. - The minimum subscription amount for the fund is set at 10 RMB, with specific higher minimums for different subscription methods [3][15]. - Investors can subscribe multiple times during the fundraising period, and there are no subscription fees for A-class shares through direct sales channels [3][18]. Group 3 - The fund's management fee structure includes fixed, contingent, and excess management fees, which depend on the holding duration and annualized return of each fund share [9]. - The fund may invest in stocks listed on the Hong Kong Stock Exchange, which entails specific risks associated with the Hong Kong market [7][10]. - The fund will also have a floating management fee model, meaning the actual fee may vary based on performance [9]. Group 4 - The fund's fundraising period is limited to a maximum of three months, and if the minimum fundraising target is not met, the funds will be returned to investors with interest [13][43]. - Investors must open a fund account to subscribe, and only one account per investor is allowed [2][29]. - The fund's subscription process includes specific requirements for both individual and institutional investors, including necessary documentation and procedures [29][35].

Core Viewpoint - The gold market is experiencing a surge in demand ahead of the Spring Festival, with spot gold prices stabilizing above $5000 per ounce, while financial institutions are adopting a cautious approach by tightening investment criteria and risk assessments [1][4][5]. Group 1: Gold Price Dynamics - As of February 9, spot gold prices reached a high of $5047.257 per ounce, marking a significant recovery above the $5000 threshold [1]. - The current bull market for gold has seen prices increase by over 246% since September 2022, with a notable rise of 64.56% in 2025 alone [3]. - Despite recent volatility, including a sharp drop to $4402.06 per ounce, gold prices rebounded quickly, indicating strong market resilience [3][4]. Group 2: Institutional Responses - Major banks have raised the entry thresholds for gold investment, with institutions like China Construction Bank increasing the minimum amount for gold accumulation to 1500 yuan [5][6]. - Risk assessment standards have been tightened, requiring clients to achieve a cautious risk rating before engaging in gold accumulation products [6]. - These measures are in response to the heightened volatility in gold prices and aim to protect inexperienced investors from potential losses [6]. Group 3: Consumer Behavior and Recommendations - There is a growing demand for physical gold products, with banks reporting shortages and advising customers to purchase online [8][9]. - Consumers are encouraged to clarify their purchasing intentions, distinguishing between investment and consumption, and to consider strategies like dollar-cost averaging to mitigate risks [10][11]. - The market is expected to remain volatile during the Spring Festival, with predictions of gold prices fluctuating between $4600 and $5000 per ounce [11].

近年来，陕西中行围绕"助力体育产业"这一战略重点开展系列工作。在体育设施建设中，通过融资支持推动西安市人民体育场改造项目的完成；在冰雪运动 领域，向渭南华山冰雪世界等项目提供综合授信，助力设施升级与业态拓展；在赛事支持方面，为西安举行的女子垒球亚洲杯提供外币兑换、跨境金融等服 务，并通过支持场馆建设等方式参与赛事保障；在商洛举办的2024年国际排联沙滩排球U19世界锦标赛期间，在入驻赛事酒店为参赛人员提供跨境支付、紧 急现金支援等保障。 数据显示，截至2026年1月末，陕西中行体育产业相关信贷余额超过20亿元，涉及体育场地管理、场馆建设等17个行业大类。并通过拓展普惠金融贷款覆盖 场景，将服务延伸至小微体育企业，2025年为体育行业办理代发薪业务金额达1.4亿元。（顾沺沺） 编辑：柳苏源 转自：新华财经 陕西省第一届冬季运动会日前在榆林开幕，中国银行陕西省分行（简称陕西中行）将账户管理、支付结算等环节纳入赛事组织流程，为赛事提供相关金融服 务。数据显示，截至2026年1月末，陕西中行体育产业相关信贷余额已超过20亿元。 据了解，中国银行榆林分行组建专业团队，以市内9个网点为依托，为筹备委员会、参赛队及运动员提 ...