Core Points - Guiyang Bank has successfully issued the "Guiyang Bank Co., Ltd. 2025 Technology Innovation Bond" with an issuance scale of RMB 1 billion [1] - The bond is a 5-year fixed-rate bond with a coupon rate of 1.90% [1] - The funds raised will be used to support technology innovation through various means such as loans and bond investments, subject to applicable laws and regulatory approvals [1]

Core Viewpoint - Guiyang Bank has successfully issued a 5-year fixed-rate bond to support technological innovation, with a total issuance size of RMB 1 billion and an interest rate of 1.90% [1] Group 1: Bond Issuance Details - The bond, named "Guiyang Bank Co., Ltd. 2025 Technology Innovation Bond," was approved by the People's Bank of China [1] - The bond was recorded on November 18, 2025, and completed issuance on November 20, 2025 [1] - The total issuance scale is RMB 1 billion, with a fixed interest rate of 1.90% for a 5-year term [1] Group 2: Fund Utilization - The raised funds will be used to support business in the field of technological innovation through various means such as loans and bond investments, subject to applicable laws and regulatory approvals [1]

Core Viewpoint - Guiyang Bank has successfully issued a 5-year fixed-rate bond to support technology innovation, with a total issuance of 1 billion RMB and an interest rate of 1.90% [1] Group 1: Bond Issuance Details - The bond, named "Guiyang Bank Co., Ltd. 2025 Technology Innovation Bond," was approved by the People's Bank of China [1] - The bond was recorded on November 18, 2025, and completed issuance on November 20, 2025 [1] - The total issuance scale is 1 billion RMB, with a fixed interest rate of 1.90% [1] Group 2: Fund Utilization - The raised funds will be used to support technology innovation through loans, bond investments, and other approved methods [1]

证券代码：601997 证券简称：贵阳银行 公告编号：2025-050 优先股代码:360031 优先股简称：贵银优 1 贵阳银行股份有限公司 关于 2025 年科技创新债券发行完毕的公告 本期债券于 2025 年 11 月 18 日簿记建档，并于 2025 年 11 月 20 日发行完毕，发行规模人民币 10 亿元，品种为 5 年期固定利率债券， 票面利率为 1.90%。 本期债券的募集资金将依据适用法律和主管部门的批准，通过贷 款、债券投资等多种途径，专项支持科技创新领域业务。 特此公告。 贵阳银行股份有限公司董事会 2025 年 11 月 20 日 本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。 经中国人民银行批准，贵阳银行股份有限公司于近日在全国银行 间债券市场成功发行"贵阳银行股份有限公司 2025 年科技创新债券" （以下简称本期债券）。 ...

Core Viewpoint - Guiyang Bank's stock price has shown a modest increase this year, with a notable rise in trading activity, while the bank's financial performance indicates a slight decline in net profit compared to the previous year [1][2]. Group 1: Stock Performance - On November 20, Guiyang Bank's stock rose by 2.14%, reaching 6.20 CNY per share, with a trading volume of 207 million CNY and a turnover rate of 0.92%, resulting in a total market capitalization of 22.668 billion CNY [1]. - Year-to-date, the stock price has increased by 8.58%, with a slight rise of 0.16% over the last five trading days, a 2.31% increase over the last 20 days, and a 2.05% decline over the last 60 days [1]. Group 2: Financial Performance - As of September 30, Guiyang Bank reported a net profit of 3.915 billion CNY for the first nine months of 2025, reflecting a year-on-year decrease of 1.39% [2]. - The bank has not generated any operating revenue for the same period [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Guiyang Bank was 67,000, an increase of 0.21% from the previous period, with an average of 54,568 circulating shares per shareholder, a decrease of 0.21% [2]. - Since its A-share listing, Guiyang Bank has distributed a total of 8.684 billion CNY in dividends, with 3.217 billion CNY distributed over the last three years [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 103 million shares, a decrease of 51.846 million shares from the previous period, while Southern CSI 500 ETF is a new entrant with 42.5007 million shares [3].

Core Viewpoint - The implementation of the "New Regulations on Internet Lending by Commercial Banks" since October 1 has led to significant adjustments in the internet lending business of commercial banks, shifting from broad cooperation to stringent selection of partners [1][4]. Group 1: Changes in Cooperation - Several regional banks, including Urumqi Bank, Longjiang Bank, and Guiyang Bank, have announced the suspension of new internet lending partnerships, indicating a trend towards reducing the number of cooperative institutions [1][2]. - Jilin Yilian Bank has significantly reduced its number of cooperative institutions from 56 to 10 over the past year, reflecting a broader trend of "thinning" partnerships in the industry [3]. - Some banks, like Jiangxi Yumin Bank, have increased the number of cooperative institutions while still making selective adjustments to their partnerships [3]. Group 2: Regulatory Environment - The regulatory environment for internet lending has tightened, with several banks facing penalties for non-compliance with regulations [5][6]. - The new regulations require banks to implement a list management system for cooperative institutions, emphasizing the importance of careful selection and management of partners [6][8]. Group 3: Strategic Shifts - The new regulations are seen as a challenge for banks, particularly smaller ones that heavily relied on internet lending, pushing them to refocus on core business and improve internal capabilities [4][7]. - Industry experts suggest that banks should develop core competencies to reduce reliance on lending partners, including enhancing customer acquisition and risk management capabilities [8]. Group 4: Future Outlook - The future of internet finance is expected to focus on scenario-based finance, small and micro finance, and enhancing data asset operations, with AI playing a crucial role in improving risk management [9].

Market Overview - The city commercial bank sector experienced a decline of 0.75% on November 18, with Zhengzhou Bank leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Individual Stock Performance - Zhengzhou Bank's stock closed at 2.03, down 1.46% with a trading volume of 1.3032 million shares and a transaction value of 266 million [2] - Xiamen Bank closed at 7.13, down 1.38%, with a trading volume of 144,000 shares [2] - Nanjing Bank closed at 11.48, down 0.09%, with a trading volume of 385,400 shares [1] - The highest closing price was for Ningbo Bank at 28.70, down 0.35% [1] Capital Flow Analysis - The city commercial bank sector saw a net outflow of 183 million from institutional investors, while retail investors contributed a net inflow of 74.99 million [2] - The main capital inflow was observed in stocks like Nanjing Bank, which had a net inflow of 62.45 million from institutional investors [3] - Conversely, stocks like Xiamen Bank and Zhengzhou Bank experienced significant net outflows from institutional investors, amounting to 8.32 million and 4.80 million respectively [3]

Investment Rating - The report does not explicitly state an investment rating for the banking sector, but it provides detailed insights into dividend yields and distribution processes, which can inform investment decisions. Core Insights - The report outlines the latest dividend yields and mid-term dividend processes for A and H shares of listed banks, emphasizing the importance of accurately calculating dynamic dividend yields to avoid discrepancies across periods [1][2]. - It details the two processes for mid-term dividends following the 2023 revision of the regulatory guidelines, highlighting the conventional and simplified processes for implementing mid-term dividends [2]. - The report provides a comprehensive overview of key dates related to dividend distribution for both A and H shares, including the importance of purchasing shares before the ex-dividend date to qualify for dividends [3][4]. Summary by Sections Dynamic Dividend Yield Calculation - A simplified yet accurate method for calculating dynamic dividend yield is introduced, defined as "rolling 12-month EPS * cash dividend rate / share price," which helps avoid issues related to overlapping or missing annual and mid-term dividends [1]. - The report calculates the cash dividend rate using a standardized approach across different banks, resulting in a clear comparison of dividend yields as of November 13, 2025 [1]. Mid-Term Dividend Processes - The report explains the two processes for mid-term dividends: the conventional process requiring shareholder approval and a simplified process allowing for quicker implementation [2]. - The simplified process is designed to enhance flexibility for companies in distributing mid-term dividends, thereby improving shareholder returns [2]. Dividend Distribution Key Dates - For A shares, investors must purchase shares before the ex-dividend date to receive dividends on the same day, while H shares typically see a delay of about one month for dividend payments [3][4]. - The report outlines the differences in the dividend distribution timeline between A and H shares, emphasizing the need for investors to be aware of these timelines to maximize their returns [3][4]. Mid-Term Dividend Progress - As of November 13, 2025, 31 A-share banks have confirmed mid-term dividends, while 11 H-share banks have also confirmed their dividend distributions [9][11]. - The report categorizes banks based on their dividend status, detailing those that have implemented dividends, those that are pending, and those that have opted not to distribute dividends [9][10][11]. - It highlights that the end of 2025 and early 2026 is expected to be a peak period for mid-term dividend distributions, suggesting potential investment opportunities for dividend-seeking investors [11].

贵阳银行股份有限公司 2025年第三次临时股东大会会议材料 （股票代码：601997） 2025年11月26日 贵阳银行股份有限公司 2025 年第三次临时股东大会 文件目录 会议议程 会议时间：2025 年 11 月 26 日上午 9:30 会议地点：贵州省贵阳市观山湖区长岭北路中天•会展城 B 区金融商务 区东区 1-6 栋贵阳银行总行 401 会议室 召开方式：现场会议+网络投票 召 集 人：本行董事会 一、宣读股东大会会议须知 二、审议议案 三、提问交流 | 会议议程 | | | I | | --- | --- | --- | --- | | 会议须知 | | | II | | 议案 1 关于选举白雪女士为贵阳银行股份有限公司董事的议案 | | | 1 | | 议案 2 关于选举董群女士为贵阳银行股份有限公司董事的议案 | | | 3 | | 议案 3 关于修订《贵阳银行股份有限公司关联交易管理办法》的议案 | | | 5 | | 议案 | 4 | 关于贵阳银行股份有限公司拟收购息烽发展村镇银行有限责任公司设立分支机构 | | | 的议案 | | | 19 | 贵阳银行股份有限公司 2025 年第三次 ...

Core Points - The city commercial bank sector experienced a slight decline of 0.02% on November 13, with Changsha Bank leading the drop [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Summary by Category Stock Performance - Ningbo Bank (002142) closed at 29.79, with an increase of 1.57% and a trading volume of 268,200 shares, totaling a transaction value of 792 million yuan [1] - Chongqing Bank (601963) closed at 11.43, up 0.70%, with a trading volume of 97,500 shares, totaling 111 million yuan [1] - Zhengzhou Bank (002936) closed at 2.06, up 0.49%, with a trading volume of 1,339,300 shares, totaling 273 million yuan [1] - Other banks such as Lanzhou Bank, Shanghai Bank, and Suzhou Bank showed minor fluctuations in their stock prices, with varying trading volumes and values [1] Capital Flow - The city commercial bank sector saw a net outflow of 67.9693 million yuan from main funds, while retail funds experienced a net outflow of 99.3293 million yuan [3] - Conversely, speculative funds recorded a net inflow of 166.7 million yuan [3]