Group 1 - The core point of the article is that Bank of China (stock code: 03988) has announced an interim dividend of 1.094 RMB per 10 shares for the six months ending June 30, 2025, with key dates for approval and distribution outlined [1] - The stock closed at 4.32 RMB on December 16, 2025, down 1.82% from the previous trading day, with a trading volume of 739 million RMB [1] - The highest and lowest stock prices over the past 52 weeks were 4.68 RMB and 3.44 RMB, respectively [1] Group 2 - The dividend approval date is set for November 27, 2025, with an ex-dividend date of December 2, 2025, and a record date of December 10, 2025 [1] - The dividend payment date is scheduled for January 23, 2026, and shareholders can choose to receive the dividend in either Hong Kong dollars or RMB, with a specified exchange rate [1] - Tax rates for withholding on dividends are 10% for non-resident individuals and corporate shareholders, 20% for Hong Kong Stock Connect investors, and 10% for Shanghai Stock Connect investors [1]

中国银行股份有限公司董事会及全体董事保证本公告内容不存在任何虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 2020 年 12 月 10 日，中国银行股份有限公司（简称"本行"）发行了 规模为 200 亿元人民币的减记型无固定期限资本债券（简称"本期债券"）， 并于 2020 年 12 月 14 日发布了《中国银行股份有限公司关于减记型无固 定期限资本债券发行完毕的公告》（公告编号：临 2020-059）。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 权在本期债券第五年末（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。 特此公告 中国银行股份有限公司董事会 二〇二五年十二月十六日 证券代码：601988 证券简称：中国银行 公告编号：临 2025-089 中国银行股份有限公司 关于赎回减记型无固定期限资本债券的公告 ...

Core Viewpoint - Major Chinese banks are actively distributing mid-term cash dividends, reflecting strong profitability and capital adequacy, which is expected to enhance shareholder value and market confidence [6][8]. Group 1: Dividend Distribution by Major Banks - On December 15, Industrial and Agricultural Banks announced a total cash dividend of approximately 92.2 billion yuan for the first half of 2025, with A-share dividends amounting to about 76.2 billion yuan [1]. - Industrial Bank distributed a cash dividend of 0.1414 yuan per share, totaling approximately 503.96 billion yuan, with A-share dividends around 381.23 billion yuan [3]. - Agricultural Bank issued a cash dividend of 0.1195 yuan per share, totaling about 418.23 billion yuan, with A-share dividends approximately 381.5 billion yuan [3]. - Other major banks, including China Bank and Construction Bank, have also announced significant cash dividends, contributing to a total of over 200 billion yuan in cash dividends from the six major banks [4]. Group 2: Participation of Other Banks - Several joint-stock banks, such as CITIC Bank and Ping An Bank, have also joined the mid-term dividend distribution, with CITIC Bank distributing 104.61 billion yuan and Ping An Bank distributing 45.80 billion yuan [7]. - New entrants to the mid-term dividend distribution include Industrial Bank, which plans to distribute 119.57 billion yuan, and Ningbo Bank, which will distribute 19.81 billion yuan [7]. - Chongqing Bank plans to distribute 5.85 billion yuan, representing 11.99% of its net profit attributable to ordinary shareholders [7]. Group 3: Market Implications and Analyst Insights - Analysts indicate that the increase in mid-term dividends is a response to regulatory guidance and market demand for high-yield assets, particularly in a low-interest-rate environment [8]. - The trend of early and substantial mid-term dividends reflects the stable profitability of quality banks and their enhanced capacity for dividend distribution [8]. - Mid-term dividends are seen as a strategy to optimize capital structure and improve return on equity (ROE), while also attracting long-term investors [8].

Core Insights - The transfer of non-performing loans (NPLs) is gaining momentum, becoming a crucial strategy for financial institutions to mitigate asset risks by 2025 [1][2] - The pace of asset disposal has accelerated significantly in 2025, with both the scale and frequency of disposals showing marked increases [2][4] - Consumer finance institutions are actively participating in the NPL market, contributing to the overall asset disposal efforts [3][4] Group 1: NPL Transfer Activities - The Silver Transfer Center reported nearly 60 NPL transfer announcements within three days, with major banks like China Construction Bank and Postal Savings Bank participating [1] - In the first quarter of 2025, the batch transfer of personal NPLs reached 37.04 billion yuan, a staggering increase of 761.4% year-on-year, with personal consumption loans making up over 70% of this figure [2] - Several banks, including Ping An Bank and Zhongyuan Bank, have initiated significant NPL transfer projects, with outstanding principal and interest amounts reaching 762 million yuan and 522 million yuan respectively [2] Group 2: Market Dynamics and Challenges - The pressure on asset quality is evident, with rising non-performing loan ratios among various banks, such as Chongqing Bank's ratio climbing to 6.23% [4] - The financial environment, characterized by macroeconomic fluctuations, is impacting the repayment capabilities of individuals and businesses, leading to increased NPLs [4] - The Silver Transfer Center's report indicates that the pressure for NPL disposal will persist throughout 2025 [4] Group 3: Regulatory and Technological Support - Regulatory policies are providing robust support for NPL disposal efforts, with calls for increased asset disposal and capital replenishment [5] - Financial institutions are leveraging technology to enhance risk management and improve the efficiency of NPL disposals, with initiatives like "smart disposal" platforms being developed [5][6] - Institutions like Agricultural Bank of China and China Bank are emphasizing digital transformation to strengthen risk control and reduce new NPLs [5]

Core Viewpoint - Bank of China issued a total of 20 billion RMB in non-fixed term capital bonds on December 10, 2020, and completed the issuance by December 14, 2020 [1] Group 1 - The bonds have a redemption option for the issuer, allowing the bank to redeem the bonds at the end of the fifth year [1] - The bank has exercised its redemption right and fully redeemed the bonds as of the announcement date [1]

Core Viewpoint - The Bank of China issued a total of 20 billion RMB in non-fixed-term capital bonds, which were fully redeemed by the bank as of the announcement date [1] Group 1: Bond Issuance - The bank issued 20 billion RMB of non-fixed-term capital bonds on December 10, 2020 [1] - The issuance was completed on December 14, 2020, with an announcement confirming the completion [1] Group 2: Redemption Rights - The bonds included a redemption right for the issuer, allowing the bank to redeem the bonds at the end of the fifth year [1] - The bank has exercised this redemption right and fully redeemed the bonds as of the announcement date [1]

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 董事會 中國，北京 2025年12月16日 於本公告日期，本行董事為葛海蛟、張輝、劉進、蔡釗、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 # 、胡展雲 # 。 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 贖回減記型無固定期限資本債券 2020年12月10日，本行發行了規模為200億元人民幣的減記型無固定期限資本債 券（「本期債券」），並於2020年12月14日發佈了減記型無固定期限資本債券發行 完畢公告。根據本期債券募集說明書相關條款的規定，本期債券設有發行人贖回 權，發行人有權在本期債券第五年末（因遇休息日，資金兌付順延至其後第一個 工作日）贖回本期債券。 截至本公告日，本行已行 ...

Core Viewpoint - As of December 15, 2025, 26 A-share listed banks have announced mid-term or quarterly dividend plans, with a total expected payout exceeding 260 billion yuan [1]. Group 1: Major Contributors - The six major state-owned banks are the main contributors to this dividend distribution, with Industrial and Commercial Bank of China leading at 50.396 billion yuan, followed by China Construction Bank at 48.605 billion yuan, Agricultural Bank of China at 41.823 billion yuan, Bank of China at 35.250 billion yuan, Postal Savings Bank of China at 14.771 billion yuan, and Bank of Communications at 13.811 billion yuan [3]. - The total cash dividend from these six major banks exceeds 200 billion yuan [3]. Group 2: Other Banks - Among joint-stock banks, both Industrial Bank and CITIC Bank are expected to distribute over 10 billion yuan in dividends, specifically 11.957 billion yuan and 10.461 billion yuan respectively [3]. - Everbright Bank and Minsheng Bank are also projected to exceed 5 billion yuan in dividends [3]. - Several regional small and medium-sized banks are actively participating in mid-term dividends, with Shanghai Bank, Nanjing Bank, Hangzhou Bank, Shanghai Rural Commercial Bank, and Ningbo Bank leading in dividend amounts [3]. - Notably, banks like Industrial Bank and Ningbo Bank are introducing mid-term dividend plans for the first time [3]. Group 3: Dividend Implementation - Several banks have specified the dates for dividend distribution, with Industrial and Agricultural Banks set to distribute cash dividends on December 15, 2025 [3]. - Bank of Communications has announced that it expects to distribute mid-term cash dividends to A-share shareholders on December 25, 2025 [3].

Group 1 - The Central Economic Work Conference was held in Beijing on December 10-11, summarizing the economic work for 2025 and analyzing the current economic situation while deploying tasks for 2026 [1] - Major state-owned banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank, held expanded party meetings to convey the spirit of the Central Economic Work Conference and discuss implementation measures [1] Group 2 - Industrial and Commercial Bank of China emphasized the importance of adhering to the centralized leadership of the Party on financial work and supporting high-quality development while focusing on risk prevention and compliance [2] - Agricultural Bank of China highlighted the need to align its work with the eight key tasks outlined in the conference, focusing on rural financing and supporting domestic demand and consumption [3] - Bank of China stressed the importance of supporting consumption and income growth initiatives, enhancing financial services for various sectors, and promoting green and low-carbon transitions [4] - China Construction Bank focused on improving financial services for the real economy, enhancing support for key areas such as domestic demand and technological innovation [5][6] - Bank of Communications aimed to serve the real economy and maintain financial stability by supporting domestic market development and addressing risks in key areas [7] - Postal Savings Bank committed to maintaining its retail business advantages while supporting consumption and enhancing financial services for new industries and projects [8]

今年以来共有142家公司实施定增，合计募资金额8544.99亿元。 以增发上市日为基准统计，今年以来共有142家公司实施定向增发，合计定增记录156条，累计增发 1076.53亿股，增发金额合计8544.99亿元。 板块分布显示，增发已实施公司中，深市主板有30家，合计募资498.41亿元；沪市主板有57家，合计募 资7127.83亿元；创业板有26家，合计募资368.24亿元；科创板有29家，合计募资548.51亿元。按所属行 业统计，今年已实施增发公司涉及申万24个行业，定增实施家数较多的行业有电子、电力设备、基础化 工等，分别有23家、16家、15家公司增发，募资金额居前的行业有银行、非银金融、电子等，募资金额 分别为5200.00亿元、566.84亿元、564.03亿元。 区间分布显示，增发金额超100亿元的有10家，增发金额50亿元—100亿元的有13家，增发金额20亿元— 50亿元的有20家，增发金额10亿元—20亿元的有27家，增发金额10亿元以下的有72家，其中，增发不足 5亿元的有47家。 已实施增发公司中，募资金额最多的是中国银行，募资金额1650.00亿元，其次是邮储银行、交通银行 等， ...