近日，中国银行成功发行300亿元绿色金融债券，其中，固定利率品种200亿元，票面利率1.72%， 浮动利率品种100亿元，票面利率较1年期LPR减点121个基点（1.79%）。债券得到市场投资者踊跃认 购，全场倍数达1.69倍。 据悉，这是中国银行近10年来首次在境内市场发行浮动利率债券，也是目前境内商业银行单笔发行 规模最大的浮动利率债券，有助于实现资产投放与市场融资在价格方面的精准匹配，进而有效拓宽绿色 产业项目融资渠道。作为《绿色金融支持项目目录（2025年版）》施行以来市场首批适用新目录的商业 银行绿色金融债券，本期债券募集资金将精准投向基础设施绿色升级、能源绿色低碳转型等合规绿色产 业领域。 责任编辑：杨喜亭 数据显示，截至三季度末，中国银行绿色贷款余额超过4.66万亿元，较上年末增长20.11%；绿色债 券投资规模超1000亿元。 ...

Core Insights - The article highlights the recognition of various banks in Shenzhen for their contributions to providing high-quality financial services to technology innovation enterprises, thereby supporting the development of new industries and economic models [2][3][4][5]. Group 1: Awarded Institutions - The awarded institutions include major banks such as Bank of China, Agricultural Bank of China, Bank of Communications, Ping An Bank, China Everbright Bank, Shanghai Bank, Guangfa Bank, and Zhuhai Huaren Bank [2]. Group 2: Contributions of Awarded Banks - **Bank of China Shenzhen Branch**: Focused on inclusive finance and key industries, serving over 15,000 local tech enterprises with technology loans exceeding 270 billion yuan, and loans for strategic emerging industries and manufacturing surpassing 200 billion yuan each [2]. - **Agricultural Bank of China Shenzhen Branch**: Innovated multiple financial products, including the first knowledge property asset-backed note and a customized loan product for drone technology enterprises [2]. - **Bank of Communications Shenzhen Branch**: Developed the "Kechuang Pengfei Loan" to address financing difficulties for small and medium-sized tech enterprises by integrating 12 lending dimensions into the assessment system [3]. - **Ping An Bank**: Established a technology finance center to create a comprehensive financial service system covering the entire lifecycle of tech enterprises, with specialized teams in key branches [3]. - **China Everbright Bank Shenzhen Branch**: Built a specialized service team and innovative "Sunshine Innovation" products to support enterprises throughout their lifecycle [3]. - **Shanghai Bank Shenzhen Branch**: Focused on providing diversified financial support for tech innovation enterprises, establishing a unique "12345" technology finance service system [3]. - **Guangfa Bank Shenzhen Branch**: Emphasized customer-centric high-quality development and created a comprehensive technology finance service system [4]. - **Zhuhai Huaren Bank**: Engaged in the Bay Area development, focusing on integrating finance with industry to create a technology-driven specialty industrial bank [5].

Core Insights - The launch of technology innovation bonds on May 7 has significantly stimulated market activity, with over 530 billion yuan raised for 276 companies by November 21, including 230 tech firms and 46 equity investment institutions [1][2] Group 1: Participation and Market Expansion - The participation of private enterprises has notably increased, with 55 private companies raising 107.4 billion yuan in tech innovation bonds, accounting for 20% of the interbank market's tech bond scale and 88% of the total issuance by private tech firms [1][2] - The interbank market has successfully introduced 24 high-quality enterprises, raising 9.75 billion yuan, including 15 tech firms and 9 equity investment institutions [1][2] Group 2: Financial Support Mechanisms - The effectiveness of risk-sharing tools is evident, with 5 private equity investment institutions raising 1.35 billion yuan in tech bonds, directing funds to support technology innovation [2] - The issuance of tech bonds spans 29 provinces, regions, and municipalities, with Beijing, Guangdong, Zhejiang, Shandong, and Jiangsu leading in issuance scale [2] Group 3: Funding Structure and Flexibility - The funding structure primarily focuses on medium to long-term financing, aligning with research and investment cycles, with examples including a 10-year bond from BOE Technology Group and a 5-year bond from Hefei Jinghe Integrated Circuit [2] - The design of bond terms is flexible and diverse, tailored to the issuer's development stage, industry characteristics, and financing needs [2] Group 4: Mechanism Optimization - Continuous optimization of supporting mechanisms is underway, including the establishment of investment products linked to tech bond indices to enhance secondary market liquidity and pricing efficiency [3] - Innovations in rating methods are being promoted to implement differentiated assessments for high-tech and high-growth companies, improving the rating system to align with the characteristics of technology innovation financing [3]

Core Insights - Multiple banks, including Agricultural Bank of China, Minsheng Bank, Bank of China, and others, have initiated recruitment for postdoctoral researchers for 2026, focusing on strategic research and innovation in the financial sector [1][3][4] - The recruitment emphasizes interdisciplinary backgrounds, particularly in artificial intelligence, big data, and financial technology, reflecting a trend towards integrating technology with traditional finance [5][6] Recruitment Conditions - The recruitment criteria are becoming stricter, with banks favoring candidates with interdisciplinary and practical financial experience, typically requiring a PhD obtained within the last three years or expected graduation by mid-2026 [3][4] - Specific banks, such as Nanjing Bank, have set age limits (under 35) and specified fields of study, including economics, finance, statistics, and computer science, with a preference for candidates with financial industry experience [3][4] Research Focus - The research topics reflect banks' strategic priorities, with a strong emphasis on AI, big models, and financial technology applications, particularly in risk management and customer service optimization [6][7] - Each bank has tailored its research topics to align with industry trends and operational needs, such as Nanjing Bank's focus on digital transformation and Agricultural Bank's exploration of AI-driven management models [6][7] Industry Trends - The recruitment surge is driven by the dual pressures of transformation in the banking sector and the opportunities presented by technological advancements, particularly in AI [7] - Experts suggest that the integration of AI in banking operations is crucial for enhancing efficiency and risk management, which are key demands in the current financial landscape [7] Practical Implications - The focus on practical research outcomes distinguishes banking postdoctoral programs from academic institutions, with banks prioritizing research that addresses real-world business challenges [7] - The emphasis on AI and regulatory compliance in research aims to create a balance between innovation speed and risk control, contributing to a safer and more regulated financial technology ecosystem [7]

Core Viewpoint - The recent surge in stock prices of major Chinese banks is driven by their mid-term dividend announcements, with a total cash dividend amounting to 2637.90 billion yuan for 2025, indicating significant investment potential in the banking sector [2][4]. Dividend Announcements - As of November 24, 2025, 24 A-share listed banks have disclosed their mid-term dividend plans, with a total cash dividend of 2638 billion yuan [4]. - Notably, seven banks, including Industrial Bank, Changsha Bank, and Ningbo Bank, are implementing mid-term dividends for the first time since their listings [2]. - The six major state-owned banks are expected to distribute over 2046 billion yuan in dividends [5]. Dividend Yield - The average dividend yield for listed banks as of November 24 is 4.48%, with 12 banks yielding over 5% and 26 banks exceeding 4% [6]. - Specific banks like Bank of Communications and China Construction Bank have dividend yields of 4.18% and 3.93%, respectively [6]. Shareholder and Executive Buybacks - There has been a notable increase in share buybacks by major shareholders and executives of listed banks, signaling positive market sentiment [8]. - For instance, Chengdu Bank's major shareholders have collectively bought approximately 34.25 million shares, investing 6.11 billion yuan from August 27 to November 21 [8]. - Nanjing Bank reported that foreign shareholder BNP Paribas increased its stake by over 128 million shares, raising its ownership to 18.06% [9]. Overall Market Sentiment - The banking sector has seen a net increase in holdings exceeding 9 billion yuan, with significant buybacks from shareholders and executives across multiple banks [10]. - The proactive buyback activities reflect confidence in the banks' future strategies and growth prospects, with the banking sector ranking second in shareholder buybacks this year, only behind the transportation sector [10].

Core Viewpoint - The recent surge in stock prices of major banks in China is driven by their mid-term dividend announcements, with a total cash dividend amounting to 2638 billion yuan for 2025, indicating significant value potential in the banking sector [2][3][4]. Dividend Announcements - As of November 24, 2025, 24 A-share listed banks have disclosed their mid-term dividend plans, with a total cash dividend of 2638 billion yuan, including first-time mid-term dividends from seven banks [2][4]. - Notably, Wuxi Bank announced a cash dividend of 0.11 yuan per share, totaling 2.41 billion yuan, with the ex-dividend date on November 25, 2025 [4]. - Hangzhou Bank plans to distribute a cash dividend of 0.38 yuan per share, amounting to 27.55 billion yuan, reflecting a 24.10% increase from the previous year [4]. Dividend Yields - The average dividend yield for listed banks as of November 24 is 4.48%, with 12 banks yielding over 5% and 26 banks over 4% [5]. - Major banks like Bank of Communications and Agricultural Bank of China have lower yields, ranging from 3% to 4.18% [5]. Shareholder and Executive Buybacks - There has been a notable increase in share buybacks by major shareholders and executives, signaling positive market sentiment [7][8]. - For instance, Chengdu Bank's major shareholders increased their holdings by approximately 34.24 million shares, investing 611 million yuan [7]. - The banking sector has seen a total of 126.30 billion yuan in buybacks this year, ranking second among industry sectors [8]. Market Performance and Outlook - The banking sector has experienced a net increase in holdings exceeding 90 billion yuan, with significant support for stock prices from shareholder buybacks [6][9]. - Analysts suggest that the upcoming long-term capital allocation period at year-end will further enhance the market performance of bank stocks [9].

Core Insights - Several banks, including Agricultural Bank of China, Minsheng Bank, Bank of China, and others, have initiated recruitment for postdoctoral researchers for 2026, focusing on strategic research and innovation in the financial sector [1][3][4] - The recruitment emphasizes interdisciplinary backgrounds, particularly in artificial intelligence, big models, and financial technology, reflecting a trend towards integrating technology with traditional finance [5][6] Recruitment Conditions - The recruitment criteria have become stricter, with banks favoring candidates with interdisciplinary and practical financial experience [3][4] - Specific requirements include a PhD obtained within the last three years or expected graduation by July 2026, with an age limit of 35 years [3][4] - Preferred fields of study include economics, finance, statistics, applied mathematics, computer science, big data, and artificial intelligence, with a strong emphasis on research capability and dedication [3][4] Research Focus - The research topics set by banks highlight their strategic priorities, with a strong focus on AI, big models, and financial technology applications [6][7] - Examples of research topics include "AI Empowering Digital Transformation of Commercial Banks" and "Application of AI and Big Model Technology in Risk Management," indicating a direct response to industry needs [6][7] Industry Trends - The recruitment surge is driven by the dual pressures of transformation in the banking sector and technological opportunities, with banks seeking to enhance core competitiveness through technology [7][8] - AI technologies are seen as crucial for improving operational efficiency and risk management, which are key demands in the current banking landscape [7][8] - The focus on practical research outcomes distinguishes bank postdoctoral programs from academic institutions, emphasizing the need for research that addresses real business challenges [7][8]

Group 1 - The core viewpoint of the article is the renaming of the China Insurance Asset Management Association to the China Banking and Insurance Asset Management Association, indicating a broader coverage of the banking and insurance asset management industry [1] - The new association is described as a national, industry-specific, non-profit social organization formed voluntarily by the banking and insurance asset management sectors [1] - There were prior reports suggesting that the association would become a self-regulatory organization encompassing the entire banking and insurance asset management industry [1]

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」） （股份代號：3988） 聯席全球協調人，聯席承銷商及聯席賬簿管理人 | 中國銀行 | 農銀國際 | 交通銀行 | 中信銀行 | | --- | --- | --- | --- | | 中國建設銀行 | 中信建投國際 | 花旗 | 招商銀行 | | 東方匯理銀行 | 阿聯酋國民銀行 | 國泰君安國際 | 華泰國際 | | 華夏銀行股份有限公司 | 中國工商銀行 | 瑞穗 | 法興企業和投資銀行 | 1 本公告僅供參考之用，並不構成收購、購買或認購證券的邀請或要約。根據計劃將予發行的票 據（定義如下）將不會根據經修訂的1933年美國聯邦證券法登記。受制於某些例外情形，根據計 劃將予發行的票據有可能不得在美國境內或向任何美國人士（如證券法S規例定義）或為美國人 士的利益提出要約出售或者進 ...

Core Viewpoint - Bank of China (03988.HK) announced the issuance of $500 million floating rate notes under its $40 billion medium-term note program, maturing in 2028, with plans for listing and trading on the Hong Kong Stock Exchange [1] Group 1 - The notes are issued by the Bank of China Dubai Branch [1] - The issuance is part of a broader $40 billion medium-term note program established by the Bank of China [1] - The notes are expected to be approved for listing and trading starting November 25, 2025 [1]