中国银行公告，中国银行股份有限公司董事会于2026年3月3日召开会议，决定聘任黄学玲女士为本行副 行长。黄学玲女士，1977年出生，2026年加入本行。此前，她曾担任中央汇金投资有限责任公司股权管 理二部主任，资本运营部主任，兼中央汇金资产管理有限责任公司董事长、总经理等职务。黄学玲女士 的任职资格尚待国家金融监督管理总局核准。 ...

Investment Rating - The report maintains a positive long-term outlook on the banking sector, indicating a preference for banks with stable performance and low valuations, expecting long-term excess returns [6]. Core Insights - The report discusses the recent changes in the list of domestic systemically important banks (SIBs) released by the People's Bank of China, highlighting the inclusion of Zhejiang Commercial Bank and the downgrade of Industrial Bank [5][10]. - The adjustments in the SIB list are primarily driven by the growth rates of on-balance and off-balance sheet assets, with banks experiencing lower growth rates facing downgrades [5][10]. - Inclusion in the SIB list or an upgrade in group classification leads to higher capital requirements, which may restrict risk asset expansion but also enhances regulatory focus and operational advantages [5][10]. - Different stakeholders, including regulators, shareholders, creditors, and depositors, have varying interests regarding the SIB changes, with implications for capital adequacy and risk management [21][22]. Summary by Sections Recent Market Performance - The banking sector underperformed compared to the broader market, with A-share banks declining by 0.96% while the Wind All A index rose by 2.75% during the specified period [4][24]. - Notable individual performances included Lanzhou Bank (+1.75%) and Zhengzhou Bank (+1.05%), while Chongqing Bank (-4.11%) and Shanghai Bank (-2.91%) saw significant declines [24]. Changes in Systemically Important Banks - The new SIB list includes Zhejiang Commercial Bank for the first time and sees Industrial Bank drop from the third to the second group, affecting the overall composition of the groups [5][10]. - The report emphasizes that the changes in the SIB list are significant for banks, with the most substantial impacts arising from inclusion or exclusion from the list rather than intra-group changes [5][10]. Investment Strategy - The report suggests a long-term positive outlook for the banking sector, with a focus on banks that exhibit strong performance and low valuations [6][11]. - Short-term strategies recommend focusing on smaller city commercial banks with low passive fund ratios and strong earnings certainty, while mid-term strategies highlight banks like Ningbo and Qingdao [6][11].

黄学玲出生于1977年，2026年加入中国银行，获北京大学经济学硕士学位，拥有丰富的金融领域管理从 业经历。2025年7月至2026年2月，其任中央汇金投资有限责任公司股权管理二部主任；2020年4月至 2025年7月，任中央汇金投资有限责任公司资本运营部主任，兼中央汇金资产管理有限责任公司董事 长、总经理。此外，黄学玲还曾任中央汇金投资有限责任公司综合管理部副主任，中央汇金资产管理有 限责任公司执行董事，中国出口信用保险公司董事，中央汇金公司综合管理部╱银行机构管理二部改革 规划处主任等职务。 银行频道更多独家策划、专家专栏，免费查阅>> 责任编辑：钟离 3月3日，中国银行在北京召开董事会会议，会议审议并表决通过议案，聘任黄学玲为副行长，相关任职 资格待国家金融监督管理总局核准。 本次董事会会议以现场表决方式召开，会议通知于2026年2月25日通过书面及电子邮件方式送达全体董 事，由董事长葛海蛟主持。会议应出席董事16名，实际亲自出席16名，高级管理层成员列席会议。会议 的召开符合《中华人民共和国公司法》等相关法律法规、部门规章、规范性文件以及《中国银行股份有 限公司章程》的规定。此次聘任议案经记名投票表决 ...

3月3日金融一线消息，中国银行发布公告称，董事会会议同意聘任黄学玲为该行副行长，任职资格待国 家金融监督管理总局核准。 简历显示，黄学玲出生于1977年，2026年加入中国银行。2025年7月至2026年2月任中央汇金投资有限责 任公司股权管理二部主任。2020年4月至2025年7月任中央汇金投资有限责任公司资本运营部主任，兼中 央汇金资产管理有限责任公司董事长、总经理。此前曾任中央汇金投资有限责任公司综合管理部副主 任，中央汇金资产管理有限责任公司执行董事，中国出口信用保险公司董事，中央汇金公司综合合管理 部/银行机构管理二部改革规划处主任等职务。获北京大学经济学硕士学位。 责任编辑：王馨茹 3月3日金融一线消息，中国银行发布公告称，董事会会议同意聘任黄学玲为该行副行长，任职资格待国 家金融监督管理总局核准。 简历显示，黄学玲出生于1977年，2026年加入中国银行。2025年7月至2026年2月任中央汇金投资有限责 任公司股权管理二部主任。2020年4月至2025年7月任中央汇金投资有限责任公司资本运营部主任，兼中 央汇金资产管理有限责任公司董事长、总经理。此前曾任中央汇金投资有限责任公司综合管理部副主 ...

格隆汇3月3日丨中国银行(03988.HK)发布公告，董事会决议通过议案，聘任黄学玲为本行副行长，黄学 玲担任本行副行长的任职资格待国家金融监督管理总局核准。 ...

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」） （股份代號：3988） 公告 董事會決議 本行於2026年3月3日在北京以現場表決方式召開董事會會議，會議通知於2026年 2月25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16名。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： 聘任黃學玲女士為本行副行長 贊成：16 反對：0 棄權：0 本行董事會提名和薪酬委員會已審議通過本議案，同意提交董事會。 黃學玲女士擔任本行副行長的任職資格待國家金融監督管理總局核准。 1 黃學玲女士的簡歷如下： ...

Core Viewpoint - The oil, gas, and shipping sectors have experienced significant gains despite a broader market downturn, driven by geopolitical tensions and supply chain concerns [12][13]. Group 1: Market Performance - On March 3, major Asia-Pacific stock indices fell sharply, with the Nikkei 225 down over 3% and the Korean Composite Index down 7.24%, marking its largest single-day drop since August 5, 2024 [1]. - The A-share market also declined, with the Shanghai Composite Index dropping 1.43% to 4122.68 points, and the ChiNext Index falling 2.57% [2]. - Despite the overall market weakness, the oil, gas, and shipping sectors saw substantial gains, with major companies like China National Petroleum, China National Offshore Oil, and Sinopec hitting consecutive daily limits [2][5]. Group 2: Sector Highlights - In the oil sector, companies such as Keli Co. and Tongyuan Petroleum reached their daily limits, with Keli Co. up 30% and Tongyuan Petroleum up 20% [6][7]. - The gas sector also showed strength, with Kaiti Gas hitting a 30% limit and several other companies like Shenzhen Gas and Meino Energy seeing gains of over 20% [8][9]. - The shipping sector saw continuous gains, with companies like China Merchants Energy and China Merchants Shipping achieving daily limits [10]. Group 3: Geopolitical Impact - Reports indicate that the Strait of Hormuz has been closed by Iranian forces, raising concerns about global oil supply disruptions, as approximately 20% of the world's oil transport passes through this strait [12]. - The escalation of tensions in the Middle East is expected to significantly increase global shipping prices, benefiting various shipping segments [13]. Group 4: Banking and Insurance Performance - The banking sector showed resilience, with Agricultural Bank of China rising nearly 4% and other major banks like Industrial and Commercial Bank of China and China Construction Bank increasing over 2% [15][16]. - The insurance sector also saw gains, with companies like New China Life and China Life Insurance rising over 1% [17]. Group 5: Semiconductor Sector Decline - The semiconductor sector faced a sharp decline, with companies like Zhenlei Technology and Canxin Technology dropping over 10% [19][20]. - Despite the current downturn, institutions remain optimistic about long-term investment opportunities in semiconductor-related sectors due to ongoing demand for AI infrastructure [21][22].

Core Viewpoint - China National Chemical Corporation (Sinochem) and Bank of China signed a comprehensive strategic cooperation agreement in Xiong'an New Area, Hebei, establishing a long-term, stable, mutually beneficial partnership for extensive collaboration across multiple fields [1] Group 1 - The agreement aims to foster a comprehensive strategic cooperation relationship between the two entities [1] - The collaboration will cover various sectors, indicating a broad scope of potential joint initiatives [1]

Core Viewpoint - The China Interbank Market Dealers Association announced the launch of technology innovation bonds on May 7, 2025, achieving significant progress in supporting non-financial enterprises and promoting technological innovation in the market [1][2]. Group 1: Market Support and Achievements - As of February 2026, the interbank market has supported 351 non-financial enterprises in issuing technology innovation bonds totaling 974.85 billion yuan, with 86 private enterprises accounting for 217 billion yuan, representing 90% of the total private enterprise bond issuance [1]. - The market has actively supported 16 companies listed on the Sci-Tech Innovation Board and the Growth Enterprise Market in issuing technology innovation bonds, introducing 52 first-time issuers across various sectors including venture capital, information technology, biomedicine, and high-end equipment manufacturing [1]. Group 2: Future Measures and Optimizations - The association plans to implement a series of optimization measures to further support the issuance of medium to long-term technology innovation bonds by growth and mature technology enterprises, aiming to increase investment in technological innovation [2]. - Key measures include refining the recognition standards for technology enterprises, linking R&D intensity to funding usage, encouraging the issuance of medium to long-term bonds, enhancing inclusivity for private enterprises, and continuously improving supporting mechanisms [2].

Report Summary 1. Investment Rating The provided content does not mention the investment rating of the industry. 2. Core View - The market sentiment is dominated by risk - aversion, leading to a significant decline in US Treasury yields. The 10 - year and 2 - year US Treasury yields decreased by 15 and 10 basis points respectively last week to 3.94% and 3.37%. Although recent data shows a rebound in US inflation pressure, risk - aversion sentiment has overshadowed this, causing the yields to drop [1][2][3]. - The geopolitical conflict between the US, Israel and Iran has escalated, with the US and Israel launching military actions against Iran and Iran counter - attacking and blocking the Strait of Hormuz. This has led to a sharp rise in crude oil prices, which may affect inflation. The military action may last for four weeks, and in the short term, US Treasuries may remain volatile under the resonance of risk - aversion and rising inflation expectations. Higher - than - expected inflation data and the rise in energy prices triggered by geopolitical conflicts have further reduced the possibility of the Fed cutting interest rates in March [1][3]. - Driven by the significant decline in US Treasury yields, Chinese dollar - denominated bonds performed well last week, with the Bloomberg Barclays Chinese dollar - denominated bond total return index rising 0.4% for the week. Among them, the high - rating index rose 0.5% and the high - yield index rose 0.2% [1][3]. - In the on - shore market, after the Spring Festival, the central bank net - withdrew short - term liquidity of 611.4 billion RMB through reverse repurchase operations and net - injected long - term funds of 300 billion RMB through MLF over - renewal. Bank - to - bank funding rates have rebounded significantly compared to before the Spring Festival. The 3 - year and 10 - year Treasury yields were flat and up 2 basis points respectively compared to before the Spring Festival, reaching 1.38% and 1.82%. The domestic interest - rate bond market was also boosted by risk - aversion sentiment on Monday, with yields on Treasury bonds of various maturities generally declining. The Two Sessions will be held this week, and the 2026 economic targets, fiscal support, and possible release of more monetary policy signals will be priced in the bond market [1][4]. 3. Summary by Category Off - shore Market - The issuance of Chinese dollar - denominated bonds remained light, with only one new issuance of over $100 million for the whole week. In contrast, the issuance of off - shore RMB bonds was quite active, with a total issuance of 65.5 billion RMB for the whole week, mainly driven by the issuance of 50 billion RMB central bank bills by the People's Bank of China [2]. - The significant decline in US Treasury yields was due to the market being dominated by risk - aversion sentiment. Although recent inflation data in the US has rebounded, the geopolitical risk has significantly escalated, and the US Treasury market has priced in the war risk in advance [2][3]. On - shore Market - After the Spring Festival, funds flowed back to the banking system. The central bank adjusted the liquidity through reverse repurchase operations and MLF. Bank - to - bank funding rates increased, and the yields of 3 - year and 10 - year Treasury bonds changed compared to before the Spring Festival. The domestic interest - rate bond market was affected by risk - aversion sentiment, and the yields of Treasury bonds of various maturities declined. The upcoming Two Sessions may bring new economic and policy signals to the bond market [1][4]. List of Chinese Dollar - denominated Bonds The documents provide a detailed list of Chinese dollar - denominated bonds, including information such as issuers, guarantors, coupon rates, issuance amounts, maturities, and ratings [7][17][23].