Core Viewpoint - The A-share banking sector has shown significant performance in 2025, with a total market capitalization surpassing 10 trillion yuan, indicating a structural bull market despite a mixed performance among individual stocks [2][6]. Group 1: Market Performance - As of February 13, the total market capitalization of the banking sector reached approximately 13.72 trillion yuan, an increase of 1.45 trillion yuan from the end of the previous year [2][6]. - The A-share market capitalization grew by over 20 trillion yuan compared to the previous year, reaching nearly 114 trillion yuan [6]. - The banking sector's market capitalization as a proportion of the total A-share market decreased from 11.19% at the end of the previous year to around 9% [6]. Group 2: Stock Performance - In 2025, 32 banking stocks recorded gains, with Qingdao Bank, Xiamen Bank, and Agricultural Bank leading with increases of over 30% [2][3]. - The banking sector's overall performance was relatively weak, with a decline of 0.3% for the year, making it one of the lowest-performing sectors among 31 major industries [3][4]. - Notable individual stock performances included Qingdao Bank with a 39.37% increase, Xiamen Bank at 38.36%, and Agricultural Bank at 30.86% since February 5 [3][5]. Group 3: Structural Trends - The banking sector experienced a clear differentiation in performance, with large state-owned banks initially performing well, while smaller banks gained momentum later in the year [4][6]. - Despite the overall positive trend, 10 banking stocks ended the year in the red, with Everbright Bank showing the largest decline at 10.7% [4][5]. - The competition for market capitalization among major banks saw Agricultural Bank briefly surpass Industrial and Commercial Bank of China, although the latter regained its position as the market leader by year-end [6][7].

Core Viewpoint - The People's Bank of China and the National Financial Regulatory Administration have conducted an assessment of systemically important banks for 2025, identifying 21 domestic banks categorized into five groups based on their systemic importance scores [1] Group 1: Identification of Systemically Important Banks - A total of 21 domestic systemically important banks have been recognized, including 6 state-owned commercial banks, 10 joint-stock commercial banks, and 5 city commercial banks [1] - The banks are categorized into five groups based on their systemic importance scores, with the first group consisting of 11 banks, the second group containing 4 banks, the third group having 2 banks, the fourth group including 4 banks, and the fifth group having no banks [1] Group 2: Breakdown of Bank Groups - **First Group (11 banks)**: Includes China Minsheng Bank, China Everbright Bank, Ping An Bank, Huaxia Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, Guangfa Bank, Zheshang Bank, and Shanghai Bank [1] - **Second Group (4 banks)**: Comprises Industrial Bank, China CITIC Bank, Shanghai Pudong Development Bank, and China Postal Savings Bank [1] - **Third Group (2 banks)**: Consists of Bank of Communications and China Merchants Bank [1] - **Fourth Group (4 banks)**: Includes Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China [1] - **Fifth Group**: Currently has no banks included [1] Group 3: Future Regulatory Actions - The People's Bank of China and the National Financial Regulatory Administration will implement additional regulatory measures for systemically important banks according to the "Regulations on Additional Supervision of Systemically Important Banks (Trial)" [1] - The aim is to enhance macro-prudential management and micro-prudential supervision, ensuring the safe and sound operation of systemically important banks and better supporting the high-quality development of the real economy [1]

简历显示，张辉出生于1972年，自2025年1月起任中国银行副董事长、执行董事，2024年12月起任中国 银行行长，2025年2月起兼任中银香港（控股）有限公司副董事长，2026年2月起兼任中国银行首席合规 官。2024年加入中国银行。2021年2月至2024年11月任国家开发银行副行长。此前曾在交通银行工作多 年，2020年7月至2020年11月任交通银行首席风险官。2019年2月至2020年11月任交通银行风险管理部总 经理、内控案防办主任。2017年2月至2019年2月任交通银行风险管理部（资产保全部）总经理。2016年 11月至2017年2月任交通银行贵州省分行行长。此前曾任交通银行资产保全部总经理助理、副总经理、 副总经理（主持工作）、总经理，风险管理部（资产保全部）副总经理，上海市分行副行长，贵州省分 行副行长（代为履行行长职责）等职务。1993年毕业于陕西财经学院（现西安交通大学），获经济学学 士学位。 北京商报讯（记者 孟凡霞 周义力）2月13日，中国银行发布董事会决议公告，会议同意聘任张辉兼任该 行首席合规官。张辉自董事会批准之日起兼任中国银行首席合规官。 ...

2月13日金融一线消息，中国银行今日发布董事会决议公告，会议审议通过《张辉先生兼任本行首席合 规官》议案，张辉自董事会批准之日起兼任该行首席合规官。 简历显示，张辉先生出生于1972年，自2025年1月起任中国银行副董事长、执行董事，2024年12月起任 中国银行行长，2025 年 2 月起兼任中银香港（控股）有限公司副董事长，2026 年 2 月起兼任中国银行 首席合规官。2024 年加入中国银行。 2021 年 2 月至 2024 年 11 月任国家开发银行副行长。此前曾在交通银行工作多年，2020年7月至2020年 11月任交通银行首席风险官。2019 年2 月至 2020 年 11 月任交通银行风险管理部总经理、内控案防办主 任。2017年 2 月至 2019 年 2 月任交通银行风险管理部（资产保全部）总经理。2016年 11 月至 2017 年 2 月任交通银行贵州省分行行长。此前曾任交通银行资产保全部总经理助理、副总经理、副总经理（主 持工作）、总经理，风险管理部（资产保全部）副总经理，上海市分行副行长，贵州省分行副行长（代 为履行行长职责）等职务。1993 年毕业于陕西财经学院（现西安交通大学 ...

Core Viewpoint - The People's Bank of China and the National Financial Regulatory Administration announced the list of systemically important banks for 2025, identifying 21 banks, an increase of one from the previous assessment, indicating a slight expansion trend in the number of recognized banks [1][4]. Group Structure - The list of systemically important banks has shown a gradual increase over the years, with 19 banks recognized in both 2021 and 2022, 20 in 2023, and 21 in 2025, reflecting a consistent expansion [1][4]. - The fourth group remains stable, consistently comprising the four major banks: Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China [2][4]. Group Classification - The 21 banks are categorized into five groups based on their systemic importance scores, with the fifth group remaining vacant. The first group increased from 10 to 11 banks, the second group rose from 3 to 4 banks, the third group decreased from 3 to 2 banks, and the fourth group maintained its count at 4 banks [4]. - The first group now includes 11 banks: China Minsheng Bank, China Everbright Bank, Ping An Bank, Huaxia Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, Guangfa Bank, Zhejiang Commercial Bank, and Shanghai Bank. The second group consists of 4 banks: Industrial Bank, China CITIC Bank, Shanghai Pudong Development Bank, and China Postal Savings Bank. The third group has 2 banks: Bank of Communications and China Merchants Bank. The fourth group includes 4 banks: Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China [4]. Key Changes - A significant change in this announcement is the inclusion of Zhejiang Commercial Bank in the first group, marking its first entry as a systemically important bank. Additionally, Industrial Bank has been moved from the third group to the second group [4]. Regulatory Framework - The assessment and publication of the list are part of the regulatory authorities' efforts to establish a comprehensive macro-prudential management system and strengthen the supervision of systemically important financial institutions [4][5]. - The People's Bank of China and the National Financial Regulatory Administration will continue to enhance the additional supervision of systemically important banks to promote their safe and sound operation, thereby better serving the high-quality development of the real economy [5].

Core Viewpoint - The People's Bank of China and the National Financial Regulatory Administration released the list of systemically important banks for 2025, identifying 21 domestic banks, including 6 state-owned commercial banks, 10 joint-stock commercial banks, and 5 city commercial banks [1]. Group 1: List of Systemically Important Banks - The 2025 list includes Zhejiang Commercial Bank, which is newly added and placed in the first group, making it the 10th joint-stock commercial bank on the list [2]. - The list is categorized into five groups based on systemic importance scores, with the first group containing 11 banks, the second group 4 banks, the third group 2 banks, the fourth group 4 banks, and no banks in the fifth group [3]. Group 2: Regulatory Framework - Systemically important banks are characterized by their large scale, high complexity, and strong interconnections with the financial system, which significantly impacts economic and financial operations [4]. - The regulatory framework requires additional capital requirements for banks in different groups, ranging from 0.25% for the first group to 1.5% for the fourth group, with specific leverage ratio requirements also in place [4]. - The regulatory bodies aim to enhance macro-prudential management and micro-prudential supervision to ensure the safe and sound operation of systemically important banks, thereby supporting the high-quality development of the real economy [4].

Core Insights - The A-share banking sector has seen a significant market capitalization increase, surpassing 10 trillion yuan for the first time, indicating a structural bull market despite a mixed performance among individual stocks [1][6][7] - The total market capitalization of the banking sector reached approximately 13.72 trillion yuan, growing by 1.45 trillion yuan from the previous year, while the overall A-share market capitalization increased by 0.93 trillion yuan to about 10.27 trillion yuan [1][6] - The year 2025 has shown a clear divergence in stock performance, with 32 out of 42 banking stocks gaining, while some, like Everbright Bank and Beijing Bank, experienced declines exceeding 10% [1][3] Market Performance - The banking sector's performance was characterized by a "structural bull market," with significant gains in high-dividend, low-valuation stocks acting as a safe haven [1][2] - The top three performing stocks were Qingdao Bank, Xiamen Bank, and Agricultural Bank, each with gains exceeding 30%, while the worst performers included Everbright Bank, Beijing Bank, and Huaxia Bank, with declines over 10% [1][3] - The overall banking index saw a slight decline of 0.3% for the year, contrasting with a 25.58% increase in the Shanghai Composite Index [2][3] Individual Stock Analysis - Notable individual stock performances included Qingdao Bank with a 39.37% increase, Xiamen Bank at 38.36%, and Agricultural Bank at 30.86% since February 5, 2025 [3][5] - The performance of state-owned banks showed mixed results, with four banks ending the year positively, while others like Postal Savings Bank and Bank of Communications saw declines [4][6] - The market capitalization of Agricultural Bank surpassed that of Industrial and Commercial Bank at one point, highlighting a competitive shift in the sector [7] Market Dynamics - The banking sector's market share within the A-share market decreased from 11.19% at the end of the previous year to around 9% [6][7] - The competition for the title of "market capitalization king" saw Agricultural Bank briefly take the lead before Industrial and Commercial Bank regained its position [7] - Future performance will be influenced by factors such as market rotation, earnings reports, and monetary policy adjustments, with expectations of continued divergence among individual bank stocks [7]

2026.02.13 本文字数：734，阅读时长大约2分钟 作者 | 第一财经 杜川 我国系统重要性银行新增一家。 2月13日，2025年我国系统重要性银行名单公布。中国人民银行、国家金融监督管理总局开展了2025年 度我国系统重要性银行评估，认定21家国内系统重要性银行，其中国有商业银行6家、股份制商业银行 10家、城市商业银行5家。 在此次公布的名单中，按系统重要性得分从低到高分为五组：第一组11家，包括中国民生银行、中国光 大银行、平安银行、华夏银行、宁波银行、江苏银行、北京银行、南京银行、广发银行、浙商银行、上 海银行；第二组4家，包括兴业银行、中信银行、浦发银行、中国邮政储蓄银行；第三组2家，包括交通 银行、招商银行；第四组4家，包括中国工商银行、中国银行、中国建设银行、中国农业银行；第五组 暂无银行进入。 系统重要性银行是指银行中规模较大、地位重要的少数银行。因为其结构和业务复杂、与其他金融机构 关联性强，在金融体系中具有举足轻重的地位，往往对其采取更严格的监管措施，以保障其更加稳健持 续发展，解决"大而不能倒"问题，防范化解金融风险，确保金融稳定和金融安全。 下一步，中国人民银行、国家金融监督管 ...

下一步，中国人民银行、国家金融监督管理总局将按照《系统重要性银行附加监管规定（试行）》要 求，发挥好宏观审慎管理与微观审慎监管合力，持续夯实系统重要性银行附加监管，促进系统重要性银 行安全稳健经营和健康发展，更好服务实体经济高质量发展。 北京商报讯（记者 廖蒙）2月13日，据中国人民银行官网，为构建覆盖全面的宏观审慎管理体系，强化 系统重要性金融机构监管，根据《系统重要性银行评估办法》，近期中国人民银行、国家金融监督管理 总局开展了2025年度我国系统重要性银行评估，认定21家国内系统重要性银行，其中国有商业银行6 家，股份制商业银行10家，城市商业银行5家。 按系统重要性得分从低到高分为五组：第一组11家，包括中国民生银行、中国光大银行、平安银行、华 夏银行、宁波银行、江苏银行、北京银行、南京银行、广发银行、浙商银行、上海银行；第二组4家， 包括兴业银行、中信银行、浦发银行、中国邮政储蓄银行；第三组2家，包括交通银行、招商银行；第 四组4家，包括中国工商银行、中国银行、中国建设银行、中国农业银行；第五组暂无银行进入。 ...

Core Viewpoint - The People's Bank of China and the National Financial Regulatory Administration have conducted an assessment of systemically important banks for 2025, identifying 21 domestic banks as systemically important, which includes 6 state-owned commercial banks, 10 joint-stock commercial banks, and 5 city commercial banks [1] Group 1: Assessment Results - The identified 21 systemically important banks are categorized into five groups based on their systemic importance scores [2] - Group 1 consists of 11 banks, including China Minsheng Bank, China Everbright Bank, Ping An Bank, Huaxia Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, Guangfa Bank, Zheshang Bank, and Shanghai Bank [2] - Group 2 includes 4 banks: Industrial Bank, China CITIC Bank, Shanghai Pudong Development Bank, and China Postal Savings Bank [2] - Group 3 has 2 banks: Bank of Communications and China Merchants Bank [2] - Group 4 consists of 4 major banks: Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China [2] - Group 5 currently has no banks included [2] Group 2: Regulatory Actions - The People's Bank of China and the National Financial Regulatory Administration will implement additional regulatory measures for systemically important banks according to the "Regulations on Additional Supervision of Systemically Important Banks (Trial)" [2] - The aim is to enhance macro-prudential management and micro-prudential supervision, ensuring the safe and sound operation of systemically important banks [2] - This initiative is intended to better support the high-quality development of the real economy [2]