截至本公告日，本行已行使赎回权，全额赎回了本期债券。 格隆汇9月23日丨中国银行(601988.SH)公布，2020年9月17日，本行发行了10年期固定利率规模为600亿 元人民币的减记型二级资本债券（简称"本期债券"），根据本期债券募集说明书相关条款的规定，本期 债券设有发行人赎回权，发行人有权在本期债券第五个计息年度的最后一日（因遇休息日，资金兑付顺 延至其后第一个工作日）赎回本期债券。 ...

Group 1 - The high dividend selection concept increased by 0.03%, ranking 8th among concept sectors, with 124 stocks rising, including Dayang Electric and Lianmei Holdings reaching the daily limit, while Nuway and Dayuan Pump Industry also saw significant gains of 8.52%, 5.08%, and 4.78% respectively [1][2] - The concept sector saw a net inflow of 694 million yuan from main funds today, with 102 stocks receiving net inflows, and 11 stocks exceeding 100 million yuan in net inflows, led by Industrial and Commercial Bank of China with a net inflow of 462 million yuan [2][3] Group 2 - The stocks with the highest net inflow ratios included Lianmei Holdings at 46.88%, Changshu Bank at 14.00%, and Yutong Bus at 13.39% [3][5] - The high dividend selection concept's top stocks by net inflow included Industrial and Commercial Bank of China, Dayang Electric, and China Bank, with net inflows of 462 million yuan, 384 million yuan, and 250 million yuan respectively [3][4]

Core Viewpoint - The China Bank Yunnan Branch is actively implementing innovative measures to support the local economy, rural revitalization, and public welfare, demonstrating its commitment to national strategies and local government requirements [1] Group 1: Industrial Revitalization - The China Bank Yunnan Branch is providing targeted financial support to the "Three Seven Capital" in Wenshan Prefecture, which produces over 90% of China's traditional Chinese medicine, Sanqi, by offering more than 200 million yuan in inclusive financial credit [2] - The bank has developed tailored credit solutions for Yunnan's key industries, including "Cloud Flower Loan," "Cloud Vegetable Loan," and others, to support highland specialty agricultural products and facilitate their export [3] Group 2: Financial Services for the Public - The bank has implemented a special customer service plan to assist clients in urgent situations, such as activating social security cards for medical expenses, showcasing its customer-centric approach [4] - The bank has established a multi-channel mediation mechanism to resolve financial disputes, significantly increasing the number of disputes resolved compared to the previous year [4] Group 3: Rural Revitalization - Since May 2021, the bank has invested over 2.11 million yuan in poverty alleviation efforts in Menggang Village, focusing on infrastructure, industry development, and community services, leading to a significant increase in local income [6] Group 4: Talent Attraction - The bank launched the "Gathering Talent Card," integrating foreign work permits with financial services, enhancing the experience for foreign talents in Yunnan and supporting the region's goal of becoming a talent hub for South Asia and Southeast Asia [7]

0:00 9月23日，A股市场探底回升，创业板尾盘快速翻红。从板块来看，银行股逆市上涨。四大行农业银 行、工商银行、建设银行、中国银行集体上涨，南京银行涨近5%，工商银行、建设银行、厦门银行涨 超3%，苏州银行、农业银行、齐鲁银行等跟涨。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 长江证券称，银行股基本面保持稳定，债市调整对公允价值损益产生影响，但银行浮盈依然丰厚，预计 后续会释放投资收益支撑非息收入。同时下半年预计贷款利率降幅收敛，利息净收入预计保持稳定增长 推动营收保持稳定。此外，中期分红陆续启动，参考去年节奏，部分中小银行将在四季度派发中期股 息，包括大行在内的多数银行在明年初派息，四季度保险等绝对收益资金迎来加仓窗口。 ...

Core Viewpoint - The A-share market exhibited a surprising strong rebound in the tail end of trading, with the banking sector showing significant gains despite a generally mixed performance across major indices [2][5]. Market Performance - The three major A-share indices showed mixed results, but all experienced a strong "V-shaped" recovery in the tail end, with the ChiNext index reversing a 2% decline to close up 0.21% [2]. - The banking sector, which had been in a prolonged downturn, saw a notable increase, with the banking index rising by 1.28%, and several banks, including Industrial and Commercial Bank of China and China Construction Bank, posting gains exceeding 3% [2][3]. Sector Analysis - The market displayed clear differentiation, with high-growth sectors like AI, internet, and biomedicine experiencing corrections, while traditional sectors such as banking, insurance, and public utilities attracted capital inflows and rose against the trend [5][6]. - The banking sector had been in a correction phase since mid-July, with an overall decline exceeding 10%, contrasting sharply with the broader market's strong performance [7][10]. Capital Flow - Today, net inflows into banking stocks reached nearly 1.4 billion yuan, the highest among all sectors, with over 22% of the inflow coming from large orders, indicating renewed interest from significant capital [10]. - The recent news from the State Council regarding the achievements in financial sector development during the 14th Five-Year Plan period has contributed to the renewed focus on banking stocks [10]. Long-term Outlook - Despite recent corrections, the long-term logic supporting banking stocks remains intact, with strong capital support expected to continue flowing into the sector [17][20]. - Predictions indicate that the net profit growth rate for listed banks in 2025 is expected to reach 1.0%, driven by improvements in net interest margins and increased provisions contributing to profit stability [18][19]. Summary - As growth sectors see rising valuations and increased volatility, banking stocks are likely to regain attractiveness as a defensive sector, with signs of capital returning to the banking sector observed since late September [22].

Core Viewpoint - The A-share market experienced a surprising strong recovery in the tail end of trading, particularly in the banking sector, which rebounded after a period of decline, indicating renewed investor interest in bank stocks [2][3][10]. Market Performance - As of the market close, the three major A-share indices showed mixed results, with the ChiNext index recovering from a 2% drop to close up 0.21%. The banking index rose by 1.28%, with several banks, including Industrial and Commercial Bank of China and China Construction Bank, seeing gains exceeding 3% [3][4]. Sector Analysis - There was a clear market divergence, with high-growth sectors like AI, internet, and biomedicine experiencing corrections, while traditional sectors such as banking, insurance, and public utilities saw a return of capital and increased stock prices [7][10]. - The banking sector had been in a downward trend since mid-July, with an overall decline exceeding 10%. Major state-owned banks like Everbright Bank and Bank of China saw declines of over 17% and 12%, respectively [8][10]. Capital Flow - On the day of the recovery, net inflows into bank stocks reached nearly 1.4 billion yuan, the highest among all sectors, with large orders accounting for over 22% of the total, indicating significant capital repositioning [10][11]. - Recent reports from Goldman Sachs indicated a surge in hedge fund investments in banks and insurance companies, suggesting a broader trend of renewed focus on financial stocks [11]. Dividend Considerations - The recent pullback in bank stocks was partly attributed to investors reallocating funds to higher-yield sectors, as well as the upcoming dividend distribution dates, which prompted some investors to take profits [12][14]. - For instance, Industrial and Commercial Bank of China announced a dividend of 0.1646 yuan per share, totaling 58.664 billion yuan, with the record date set for July 11, 2025 [14]. Long-term Outlook - Despite recent volatility, the long-term fundamentals for quality bank stocks remain intact, supported by strong capital inflows and a favorable interest rate environment. The anticipated easing of monetary policy could further enhance the attractiveness of high-dividend bank stocks [17][19]. - Predictions indicate a 1.0% year-on-year growth in net profit for listed banks in 2025, driven by improved net interest margins and increased provisions for potential risks [19][20]. Investor Sentiment - The recent market dynamics suggest a potential shift in investor sentiment, with funds that previously exited the banking sector beginning to return, as evidenced by a 3.2% increase in bank ETF shares since late September [21].

依托交通动脉，实现站车全程宣传 转自：新华财经 9月19日，中国银行云南省分行在中老铁路沿线成功举办"助力南亚东南亚辐射中心建设暨中国银行云南省分行旅游季发车仪式"。本次活动深度融合出行场 景与金融服务，通过多形式、多渠道的互动宣传，有效提升了广大旅客对金融消费者权益保护、反诈知识及跨境金融安全的认知与防范能力。 作为连接中国与南亚东南亚地区的重要通道，中老铁路不仅承担着区域互联互通的职能，也成为金融知识普及和便民服务推广的前沿阵地。中国银行云南省 分行依托这一交通枢纽，在昆明南站候车厅和复兴号列车上同步开展宣传，实现站车联动、全程覆盖，真正让金融知识"随行"、让安全理念"入心"。 在支持中老铁路建设方面，中国银行云南省分行发挥了重要作用。截至2025年8月末，该行累计为中老铁路相关的渝昆高铁、大临铁路、昆玉铁路、成昆铁 路、云桂铁路等云南重点铁路项目提供授信超过340亿元。为保障中老铁路运营、维护、维修正常，中国银行一直是其跨境履约保函的独家开立银行，自中 老铁路开通运营以来，累计为其开立超过5000万元跨境履约保函。 工作人员还就跨境金融服务，为旅客详细介绍境外消费优惠、外汇业务便利化举措。现场旅客吕先生 ...

格隆汇9月23日丨中国银行(03988.HK)发布公告，2020年9月17日，本行发行了10年期固定利率规模为 600亿元人民币的减记型二级资本债券，并于2020年9月21日发布了关于二级资本债券发行完毕的公告。 根据相关规定，本期债券设有发行人赎回权，发行人有权在本期债券第五个计息年度的最后一日（因遇 休息日，资金兑付顺延至其后第一个工作日）赎回本期债券。截至本公告日，本行已行使赎回权，全额 赎回了本期债券。 ...

Core Insights - The Chinese banking industry has achieved significant growth and stability during the "14th Five-Year Plan" period, with total assets exceeding 500 trillion yuan, solidifying its position as the world's largest credit market and the second-largest insurance market [3][4] Group 1: Financial Development Achievements - The financial services to the real economy have improved significantly, with annual growth rates for loans to technology-based SMEs, inclusive microfinance, and green loans exceeding 20% [3] - Over the past five years, the banking and insurance sectors have provided an additional 170 trillion yuan in funding to the real economy, with the insurance industry paying out 9 trillion yuan, a 61.7% increase compared to the "13th Five-Year Plan" period [3] - The A-share market has shown resilience, with the Shanghai Composite Index's annualized volatility decreasing by 2.8 percentage points to 15.9% [3] Group 2: Risk Management Enhancements - Key regulatory indicators such as non-performing loans, capital adequacy, and solvency have remained stable and within healthy ranges, with a 40% increase in the disposal of non-performing assets compared to the previous five-year period [4] - The total capital and provisions for risk resistance in the industry have exceeded 50 trillion yuan, with significant improvements in regulatory frameworks and digitalization [4][5] - The number of financing platforms has decreased by over 60%, and the scale of financial debt has dropped by more than 50% since the beginning of 2023 [4] Group 3: Support for High-Quality Economic Development - Financial support for infrastructure projects has been substantial, with over 3.6 billion yuan provided for the Baotou-Huinong high-speed rail project, exemplifying the financial sector's role in supporting the real economy [6] - The balance of infrastructure loans has reached 54.5 trillion yuan, a 62% increase from the end of the "13th Five-Year Plan" [6] - Direct financing through stock and bond markets has totaled 57.5 trillion yuan, with the proportion of direct financing rising to 31.6%, an increase of 2.8 percentage points from the end of the previous five-year period [6] Group 4: Foreign Exchange and Trade Facilitation - The State Administration of Foreign Exchange has advanced deep reforms and high-level openness in the foreign exchange sector, enhancing the efficiency of trade foreign exchange receipts and payments [7] - Since the beginning of the "14th Five-Year Plan," over 5.6 billion transactions have been processed to support cross-border e-commerce and other trade activities [7] - Overall, financial risks remain controllable, and the financial system is operating steadily, providing strong support for high-quality economic development [7]

Core Insights - China Bank successfully assisted the Shenzhen Municipal Government in issuing offshore RMB local government bonds in Hong Kong, marking the fifth consecutive year of leading this initiative, highlighting its role in cross-border financial innovation and the internationalization of the RMB [2][3] Summary by Categories Bond Issuance Details - The total amount of bonds issued was 4 billion RMB, with a 2-year bond of 1.5 billion RMB at a coupon rate of 1.61%, a 5-year bond of 1 billion RMB at 1.80%, and a 10-year bond of 1.5 billion RMB at 2.08% [2] - The issuance attracted significant market interest, with peak order book size reaching 18.67 billion RMB and a final subscription multiple of 4.7 times, indicating strong confidence from international investors in RMB assets and Shenzhen's development prospects [2] Sustainable Development Focus - This issuance introduced a new category of sustainable development bonds themed around the Greater Bay Area, with funds primarily allocated for clean transportation and water governance, reflecting the Shenzhen Municipal Government's forward-looking approach to financial innovation and social responsibility [2] Role of China Bank - Over the past five years, China Bank has been deeply involved in the issuance of offshore RMB local government bonds for the Shenzhen Municipal Government, serving as the global coordinator and green advisor, earning high recognition for its professional capabilities and service efficiency [3] - The bank aims to leverage its global advantages and comprehensive features to support high-level opening-up and high-quality collaborative development in the Guangdong-Hong Kong-Macao Greater Bay Area, contributing to economic prosperity and social progress in both Shenzhen and Hong Kong [3]