Group 1 - The six major state-owned banks in China announced that starting from January 1, 2026, they will pay interest on the balances of real-name digital RMB wallets at the same rate as current deposit rates, which is currently set at 0.05% [1] - This move makes China the first economy to offer interest on central bank digital currency [1]

今天，数字人民币正式迈入"计息"时代，用户实名钱包里的余额能"钱生钱"了。 图片截取自工商银行官方网站 六大行集体官宣 图片截取自农业银行官方网站 2025年12月31日，工商银行、农业银行、中国银行、建设银行、交通银行、邮储银行集体发布关于数字 人民币重磅公告。公告称，自2026年1月1日（含）起，将为客户开立在该行的数字人民币实名钱包余 额，按照活期存款挂牌利率计付利息，计结息规则与活期存款一致。 这意味着，存放在这些钱包里的数字人民币，将和传统银行活期存款一样，开始产生收益。目前，几家 大行官网显示的活期存款挂牌利率为0.05%。 图片截取自工商银行官方网站 值得注意的是，并非所有数字人民币钱包都能享受计息。 数字人民币现金型1.0版迈入存款货币型2.0版，一大变化点是由央行对客户负债，变成了商业银行对客 户负债。为何会出现这一变化？ 中国人民银行党委委员、副行长陆磊在撰文中指出，数字现金作为中央银行对公众的负债，理论上不需 要商业银行等金融机构参与运营维护。但是在研发试点中，数字现金与流通中纸币的权责关系存在明显 差异。商业银行是数字钱包开立、场景开发和技术维护不可或缺的运营者，其服务伴随数字现金流通 ...

Core Viewpoint - Starting from January 1, 2026, six major state-owned banks in China will pay interest on the balances of real-name digital RMB wallets at the same rate as current deposit rates, marking China as the first economy to offer interest on central bank digital currency [1][2][5]. Group 1: Announcement from Major Banks - The six major state-owned banks include Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China [1][3]. - The current interest rate for current deposits is 0.05% [3]. - Only real-name digital RMB wallets (categories one, two, and three) will earn interest, while category four wallets, which are non-real-name and used for anonymous payments, will not [3][4]. Group 2: Digital RMB Usage and Statistics - As of November 2025, digital RMB has processed 3.48 billion transactions with a total transaction amount of 16.7 trillion yuan [4]. - There are 230 million personal digital RMB wallets and 18.84 million unit wallets opened [4]. - The cross-border payment business using digital RMB has processed 4,047 transactions, amounting to approximately 387.2 billion yuan, with digital RMB accounting for about 95.3% of the transaction volume in various currencies [4]. Group 3: Expansion of Digital RMB Scenarios - The People's Bank of China has introduced an action plan to enhance the management and service system for digital RMB, which will officially start on January 1, 2026 [5]. - The plan allows banks to manage digital RMB wallet balances similarly to deposits, providing the same level of security as traditional deposits [5][6]. - The interest payment on digital RMB wallets is expected to increase user willingness to adopt digital RMB and expand its usage scenarios, reinforcing China's leading position in the global exploration of central bank digital currencies [5][6]. Group 4: Implications for Users and Banks - Users will benefit from interest on their digital RMB wallets, similar to current deposits, which is expected to enhance their holding willingness [6]. - The interest incentive and improved ecosystem will encourage more merchants to accept digital RMB, enriching payment scenarios [6]. - For commercial banks, digital RMB deposits can become a source of usable funds, enhancing their promotional efforts and allowing for the development of new financial products [6].

Core Viewpoint - Starting from January 1, 2026, the six major state-owned banks in China will begin to pay interest on the balances in customers' real-name digital RMB wallets at the same rate as current deposit rates, which is currently set at 0.05% [1][2]. Group 1: Digital RMB Overview - Digital RMB is a legal digital currency issued by the People's Bank of China, applicable in various scenarios such as transportation, dining, shopping, and bill payments [3]. - The pilot program for digital RMB has expanded from select cities to provincial levels, including major municipalities and several provinces [3]. Group 2: Implementation Details - The People's Bank of China has released an action plan to enhance the management and service system for digital RMB, effective from January 1, 2026, which includes interest payments on wallet balances [3]. - Digital RMB will be included in the deposit insurance scheme, providing the same security guarantees as traditional deposits [3]. Group 3: Wallet Classification - Digital RMB wallets are classified into four categories based on the level of real-name verification, with categories one to three requiring more stringent identity verification than category four [4]. - The balance limits for different wallet categories are as follows: category one has no limit, category two is capped at 500,000 yuan, category three at 20,000 yuan, and category four at 10,000 yuan [4][5]. Group 4: Banking Institutions - Currently, ten commercial banks are authorized to open digital RMB wallets, including the six major state-owned banks and four other banks [6].

Core Viewpoint - Starting January 1, 2026, several major banks in China, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank, will offer interest on the balances of digital RMB real-name wallets at the same rate as current deposit rates [1] Group 1 - The interest calculation rules for digital RMB wallets will align with those of current deposits [1] - China Construction Bank's announcement specifies that four types of wallets are excluded from this interest policy [1] - Bank of Communications states that if a customer opens a type four personal digital RMB wallet, the balance will not earn interest [1]

金融反腐再出重拳，又有多名国有大行省级分行"一把手"接连被查！ 2025年12月31日，据中央纪委国家监委网站消息，中国银行浙江省分行党委书记、行长程军涉嫌严重违纪违法 被查。券商中国记者注意到，就在2025年12月23日，程军还以中行浙江省分行行长身份出席杭州当地国企的洽 谈交流活动。程军长期在中行系统内工作，具有在中行新加坡分行等海外工作经历。 就在程军被查消息通报同一日，建设银行河南省分行亦有反腐消息传来。据中央纪委国家监委网站通报，中国 建设银行河南省分行原党委书记、行长石永拴被查。这也是自石亭峰、路建华等人被查之后，建行河南省分行 被查的又一位原高管。 年末之际，国有大行频繁有反腐消息传出，据不完全统计，2025年12月份以来，工行、农行、建行和中行均有 干部被查，涉及人数已超9人。也有多人严重违纪违法问题，相关处分落地，被开除党籍和公职。 程军曾被派驻海外多年 券商中国记者注意到，就在几日前，程军仍以浙江省分行行长身份，前往杭州当地国企杭钢集团洽谈交流。随 后，据财新报道，被派驻海外多年的程军"失联"。 公开资料显示，现年52岁的程军，毕业于中国人民大学和美国曼彻斯特大学，获经济学硕士学位，拥有高 ...

Core Viewpoint - In 2025, the A-share equity financing market experienced a significant rebound, with a total of 315 fundraising events, raising over 1 trillion yuan, marking a year-on-year increase of 226.10% [2][4]. Group 1: Financing Overview - The total amount raised through equity financing in 2025 reached 10,222.68 billion yuan, an increase of 226.10% compared to the previous year [4]. - The IPO market saw 112 issuances, raising 1,308.35 billion yuan, a year-on-year increase of 97.40% [4][22]. - The private placement market expanded significantly with 157 issuances, raising 8,267.20 billion yuan, a growth of 300.05% [4][40]. Group 2: Financing Method Distribution - In 2025, the distribution of financing methods showed that IPOs accounted for 12.80% of the total amount raised, while private placements dominated with 80.87% [8][11]. - Convertible bonds represented 6.33% of the total financing, with 46 issuances raising 647.13 billion yuan [8][11]. Group 3: Industry Distribution of Financing Entities - The banking sector led the fundraising efforts with 5,200 billion yuan, followed by the semiconductor industry with 714.53 billion yuan, and the public utilities sector with 555.05 billion yuan [13][48]. Group 4: Regional Distribution of Financing - Beijing ranked first in fundraising with 4,451.82 billion yuan from 24 projects, followed by Shanghai with 1,875.94 billion yuan from 34 projects, and Guangdong with 964.76 billion yuan from 49 projects [16][19]. Group 5: IPO Trends - The quarterly breakdown of IPOs showed a significant recovery in the third and fourth quarters, with total issuances of 27, 21, 28, and 36 respectively [22]. - The main boards and the innovation board contributed significantly to the total fundraising, with the innovation board raising 378.45 billion yuan, accounting for 28.93% of the total [25]. Group 6: Underwriting Rankings - CITIC Securities topped the underwriting rankings with a total amount of 2,416.68 billion yuan, followed by Guotai Junan with 1,506.59 billion yuan, and CICC with 1,374.87 billion yuan [60][61]. - In terms of the number of underwriting projects, CITIC Securities also led with 61 projects, while Guotai Junan followed with 47 projects [64].

Key Points - The total bond market in mainland China reached 196.18 trillion yuan by the end of 2025, an increase of 20.30 trillion yuan from the beginning of the year, with interest rate bonds at 123.61 trillion yuan, credit bonds at 52.88 trillion yuan, and interbank certificates at 19.69 trillion yuan [3] - In 2025, the issuance of various bonds in mainland China totaled 89.0 trillion yuan, a year-on-year increase of 11%, with interest rate bonds reaching 33.0 trillion yuan, up 18% from the previous year [3] - The issuance of government bonds increased by 28% year-on-year, while local government bonds grew by 5%, and policy financial bonds rose by 17% [3] - Credit bonds issuance was 22.2 trillion yuan, an 8% increase year-on-year, and interbank certificates totaled 33.8 trillion yuan, up 7% [3] Bond Issuance Statistics - Interest rate bonds: 3,534 issues, 329,829.6 billion yuan, 18% growth [4] - Government bonds: 206 issues, 160,140.2 billion yuan, 28% growth [4] - Local government bonds: 2,449 issues, 102,901.0 billion yuan, 5% growth [4] - Policy bank bonds: 879 issues, 66,788.4 billion yuan, 17% growth [4] - Credit bonds: 24,003 issues, 222,246.7 billion yuan, 8% growth [4] - Financial bonds: 1,499 issues, 56,780.6 billion yuan, 25% growth [6] Bank Underwriting Rankings - The top three banks in total underwriting amount (including local government bonds) are China Bank (16,765.2 billion yuan), Industrial and Commercial Bank (16,479.0 billion yuan), and Construction Bank (15,020.5 billion yuan) [12] - In the detailed local government bond underwriting, the top three are Industrial and Commercial Bank (22,584.8 billion yuan), China Bank (16,312.8 billion yuan), and Construction Bank (14,568.1 billion yuan) [17] Securities Firm Underwriting Rankings - The top three securities firms (excluding local government bonds) in total underwriting amount are CITIC Securities (16,136.2 billion yuan), Guotai Junan (13,613.4 billion yuan), and CITIC Jianzhong (12,419.6 billion yuan) [21] - In the local government bond underwriting (averaged), the top three are CITIC Securities (22,491.6 billion yuan), CITIC Jianzhong (17,333.3 billion yuan), and Guotai Junan (16,426.2 billion yuan) [26] NAFMII Debt Financing Tool Underwriting Rankings - CITIC Bank leads the NAFMII debt financing tool underwriting with 9,043.4 billion yuan, followed by Industrial Bank with 8,412.7 billion yuan and Construction Bank with 6,077.7 billion yuan [36] Credit Bond Underwriting Rankings - The top three in credit bond underwriting are CITIC Securities (16,136.2 billion yuan), Guotai Junan (13,613.4 billion yuan), and CITIC Jianzhong (12,419.6 billion yuan) [40]

Group 1 - The visit was led by the Deputy Mayor Zhou Kai, who expressed sincere greetings and New Year wishes to frontline employees in the financial management departments and banking institutions during year-end settlement [1] - The delegation visited several banks including Agricultural Development Bank, Bank of China, Jiangsu Bank, Huaxia Bank, and Zhenjiang Rural Commercial Bank, engaging with staff and gathering reports on annual operational performance [1] - The visit included discussions on the progress of year-end settlement work and appreciation for the contributions made by employees to the economic and social development of Zhenjiang [1] Group 2 - The delegation also conducted research on the transformation of tax service halls at the local tax bureau and examined consumer rights protection efforts at the local financial regulatory bureau [1] - At the People's Bank of China Zhenjiang branch, the team reviewed the operation of the municipal treasury business and inspected the management of the branch's data center [1]

（原标题：程军、石永拴，同日被查！） 银行业反腐。 据中央纪委国家监委驻中国银行纪检监察组、天津市纪委监委消息：中国银行浙江省分行党委书记、行 长程军涉嫌严重违纪违法，目前正接受中央纪委国家监委驻中国银行纪检监察组纪律审查和天津市监察 委员会监察调查。 责编：李丹 校对：陶谦 据中央纪委国家监委驻中国建设银行纪检监察组、山东省纪委监委消息：中国建设银行河南省分行原党 委书记、行长石永拴涉嫌严重违纪违法，目前正接受中央纪委国家监委驻中国建设银行纪检监察组纪律 审查和山东省聊城市监察委员会监察调查。 综合自：中央纪委国家监委网站 ...