本期債券為4 年期固定利率債券，發行規模為人民幣500 億元，票面利率為 1.93%，在第3年末附有條件的發行人贖回權。 關於2025年總損失吸收能力非資本債券（第二期）（債券通） 發行完畢的公告 本行於2024年2月26日召開的股東大會審議批准了本行發行不超過1,500億元人民 幣或等值外幣的總損失吸收能力非資本債務工具。經相關監管機構批准，本行於 2025年8月15日在全國銀行間債券市場發行總損失吸收能力非資本債券（第二期） （債券通）（簡稱「本期債券」），並於2025年8月19日發行完畢。 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。 本期債券募集資金在扣除發行費用後，將依據適用法律和主管部門的批准用於提 升本行總損失吸收能力。 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」） 中國銀行股份有限公司 （股份代號：3988） * 非執行董事 # 獨立非執行董事 董事會 中 ...

Group 1 - The National Financial Regulatory Administration's Shanghai Regulatory Bureau approved China Bank's acquisition of stakes in Zhongyin Consumer Finance Co., Ltd. from Shenzhen Bode Innovation Investment Co., Ltd. and Beijing Sequoia Shengyuan Management Consulting Co., Ltd. [1] - After the acquisition, China Bank will hold a total of 47.98% equity in Zhongyin Consumer Finance Co., Ltd. [1]

董事會召開日期 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） 中國，北京 2025年8月19日 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。 本行董事會（「董事會」）謹此宣佈將於2025年8月29日（星期五）召開董事會會議， 藉以審議及批准（其中包括）本行及其附屬公司截至2025年6月30日止六個月之 中期業績，及建議派發中期股息。 中國銀行股份有限公司 董事會 於本公告日期，本行董事為葛海蛟、張輝、劉進、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 # 。 * 非執行董事 # 獨立非執行董事 ...

北京商报讯（记者 孟凡霞 实习记者 周义力）8月19日，国家金融监督管理总局上海监管局发布《关于 中银消费金融有限公司变更股权的批复》，同意中国银行受让深圳市博德创新投资有限公司持有的中银 消金3.558%股权及北京红杉盛远管理咨询有限公司持有的中银消金1.617%股权。受让后，中国银行合 计持有中银消金47.98%股权。 ...

证券之星消息，8月19日国有大型银行板块较上一交易日上涨1.17%，中国银行领涨。当日上证指数报收 于3727.29，下跌0.02%。深证成指报收于11821.63，下跌0.12%。国有大型银行板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601988 中国银行 | | 3.71亿 | 15.27% | -2.23亿 | -9.19% | -1.48 Z | -6.08% | | 601398 工商银行 | | 1.59亿 | 6.20% | -7956.88万 | -3.11% | -7914.63万 | -3.09% | | 601658 邮储银行 | | 8048.30万 | 8.01% | 248.56万 | 0.25% | -8296.85万 | -8.25% | | 601939 建设银行 | | -996.41万 | -0.80% | 429.31万 | 0.34% | 567 ...

截至8月19日午后一小时，主力资金流入前20的股票分别为：四川长虹（12.88亿元）、中油资本（8.85 亿元）、拓普集团（8.49亿元）、赛力斯（5.81亿元）、御银股份（5.50亿元）、海立股份（5.25亿 元）、新易盛（4.57亿元）、国电电力（4.15亿元）、亨通光电（3.94亿元）、工业富联（3.91亿元）、 润和软件（3.90亿元）、塞力医疗（3.89亿元）、诚迈科技（3.75亿元）、南方精工（3.57亿元）、拓斯 达（3.50亿元）、酒鬼酒（3.44亿元）、国轩高科（3.40亿元）、广东建科（3.39亿元）、海格通信 （3.37亿元）、中国银行（3.36亿元）。 本文源自：金融界 作者：金股通 ...

"我们对中国银行业保持乐观，"Lei在研报中指出，"充足的流动性和疲软的宏观背景将继续有利于资金流向高股息股票。" 在亚洲经济增长放缓的环境下，中国银行股正日益成为追求稳定收益投资者的避风港，香港上市中资银行指数今年已飙升约25%，上证综指也在 银行股的推动下创下十年新高。 分红优势吸引收益型投资者 得益于净息差的稳定、手续费收入的增长，以及高股息回报，中国银行股有望在下半年继续上涨。 摩根大通分析师Katherine Lei在一份研报中预计，A股银行板块可能上涨最多15%，H股银行股则有望攀升8%。她对摩根大通覆盖的内地上市银 行股今年的平均股息收益率预测约为4.3%。 摩根大通将招商银行列为A股银行股的首选，理由是其"可观的股息收益率和对资本市场更高的盈利敏感性"。这表明在当前市场环境下，具备多 元化收入来源和稳健分红政策的银行更受青睐。 Lei表示，充足的流动性和疲软的宏观背景将持续推动资产配置流向高股息股票。这一观点反映了市场对于在经济不确定时期追求确定性收益的倾 向。 银行股近期表现强劲，已成为上证综指创十年新高的主要推动力，作为内地基准指数的重量级成分，银行板块的表现对整体市场走势具有显著影 响。 ...

Core Insights - The credit card industry in China is experiencing a significant downturn, with issuance volumes declining for ten consecutive quarters, leading to a total of 721 million credit cards by Q1 2025, down from a peak of 807 million in 2022 [4][5][6] - Promotional activities, such as offering bicycles for credit card sign-ups, reflect the intense competition and pressure on banks to attract new customers, despite the overall decline in credit card usage [2][5] - The industry is shifting from a growth phase to a focus on existing customer retention and service quality, as the previous strategies of aggressive customer acquisition are no longer effective [5][24] Industry Trends - The credit card issuance cost has increased significantly, with costs reaching up to 200 yuan per card, compared to earlier years when no incentives were necessary [4][5] - Credit card delinquency rates have risen, with the overdue amount exceeding 123.96 billion yuan by the end of 2024, marking a 26.31% year-on-year increase [5][6] - The number of credit cards in circulation is decreasing, with over 40 credit card centers shutting down since 2025, indicating a contraction in the market [6][7] Market Dynamics - The market is now characterized by a "stock game" where banks must focus on retaining existing customers rather than acquiring new ones through incentives [5][24] - Many banks are reducing the benefits associated with credit cards, such as airport lounge access and other premium services, in response to the changing market conditions [6][7] - The trend of discontinuing co-branded credit cards is evident, with numerous banks ceasing to offer popular co-branded products due to low engagement and inefficiency [7][8] Future Outlook - The credit card industry is expected to evolve towards providing enhanced customer experiences and tailored services, rather than merely focusing on the volume of cards issued [19][24] - The integration of advanced technologies such as AI and big data is anticipated to play a crucial role in improving service delivery and customer engagement in the credit card sector [19][24] - Despite the challenges, credit cards remain a vital tool for consumer finance, with a total outstanding credit card loan balance of 8.71 trillion yuan, significantly higher than that of consumer finance institutions [19][24]

Group 1 - A-shares continued to rise significantly, with the Shanghai Composite Index reaching a new high [2] - The total market capitalization of A-shares surpassed 100 trillion yuan, marking a historical milestone [2] - This is the first time in history that A-shares have crossed the 100 trillion yuan threshold [2] Group 2 - Agricultural Bank of China leads the A-share market capitalization at 2.19 trillion yuan [2] - Industrial and Commercial Bank of China follows with a market capitalization of 2.02 trillion yuan [2] - Other notable companies with market capitalizations exceeding 1 trillion yuan include Kweichow Moutai, China Petroleum, Bank of China, and CATL [2]

Core Viewpoint - The A-share market is experiencing a significant rally, with the Shanghai Composite Index surpassing the 3700-point mark, indicating strong market enthusiasm and a notable increase in the number of companies in the trillion-yuan market capitalization club [1][2]. Group 1: Market Performance - On August 18, the total trading volume of the two markets reached 2.76 trillion yuan, with margin financing and securities lending balances exceeding 2 trillion yuan for the fourth consecutive trading day since August 13 [1]. - The number of companies in the trillion-yuan market capitalization club has increased from 8 at the beginning of the year to 11 as of August 18, highlighting the growing core strength of the capital market [2][3]. Group 2: Key Players in the Trillion-Yuan Club - The leading company in market capitalization is Industrial and Commercial Bank of China (ICBC) with a market value of 2.50 trillion yuan, followed by Agricultural Bank of China (2.36 trillion yuan) and China Construction Bank (1.88 trillion yuan) [3]. - The financial sector dominates the trillion-yuan club, with seven out of eleven members being financial institutions, including China Life Insurance (1.06 trillion yuan) and Ping An Insurance (1.03 trillion yuan) as new entrants [3][7]. Group 3: Market Dynamics and Trends - The market shows a clear divergence in performance among companies with market capitalizations above 500 billion yuan, with Industrial Fulian leading with a remarkable increase of 104.65% since January 1 [5]. - Some consumer and energy giants, such as Kweichow Moutai and China Petroleum, have faced declines, indicating a structural differentiation in market performance [5]. Group 4: Central State-Owned Enterprises' Dominance - Central state-owned enterprises (SOEs) dominate the trillion-yuan market capitalization club, accounting for over 80% of the members, with only two non-SOEs present [6]. - The expansion of SOEs is driven by favorable policies and strategic resources, while private enterprises are leveraging technological advantages in sectors like batteries and new energy vehicles [6]. Group 5: Future Prospects - The market is keenly observing which company will be the next to join the trillion-yuan club, with potential candidates like China Shenhua Energy, which is undergoing significant mergers and acquisitions [6][9].