Core Viewpoint - The banking sector is gaining attention in the capital market due to a combination of declining interest rates, policy support, and low valuations, leading to increased investment from long-term funds like insurance capital [1][2]. Group 1: Reasons for Insurance Capital Favoring Bank Stocks - Insurance capital seeks stable and reliable assets due to a mismatch in the average duration of liabilities (over 12 years) and assets (approximately 6 years), resulting in over 2 trillion yuan needing investment annually [1]. - Bank stocks are attractive due to their high dividend yields, low valuations, and low volatility, with an average dividend yield of 3.86%, significantly higher than the 10-year government bond yield of 1.82% as of November 19, 2025 [1][2]. Group 2: Valuation and Stability of the Banking Sector - The banking sector's price-to-book ratio is at 0.63, indicating extreme low valuation and providing a safety cushion [2]. - The banking sector has shown a volatility of only 14.90% over the past three years, which is significantly lower than the 24.80% volatility of the CSI 300 index, making it suitable for long-term holding as a core asset [2]. Group 3: Impact of IFRS 9 on Insurance Companies - The implementation of IFRS 9 accounting standards requires insurance companies to estimate and recognize expected credit losses at the initial recognition of assets, affecting profits even before actual losses occur [2]. - This new standard encourages insurance companies to classify more equity investments as FVOCI (Fair Value Through Other Comprehensive Income), which helps to isolate short-term market fluctuations from profit statements, making bank stocks a suitable choice for long-term holding [2]. Group 4: Preferred Bank Stocks Among Insurance Capital - Insurance capital shows a preference for state-owned banks like Industrial and Commercial Bank of China and China Construction Bank due to their stable dividends and strong liquidity [3]. - Quality joint-stock banks such as China Merchants Bank and Industrial Bank are favored for their robust profitability and potential for valuation recovery [3]. - High-growth regional banks like Chengdu Bank and Suzhou Bank are also attractive due to their high ROE and asset quality, indicating potential for price appreciation [3]. - Hong Kong-listed bank stocks, such as CITIC Bank and Chongqing Bank, are appealing due to higher dividend yields and more attractive valuations [3]. Group 5: Implications for Ordinary Investors - For ordinary investors, bank stocks offer a combination of high dividends and low valuations, providing defensive characteristics and cash flow returns in the current market environment [5]. - As market trends shift towards stable returns, bank stocks can play a crucial role in balancing risk and securing stable dividends within an investment portfolio [5].

| 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600016 民生银行 | | 3.03 Z ﺘ | 8.42% | -1.93亿 | -5.38% | -1.10亿 | -3.05% | | 600036 招商银行 | | 2.55 Z | 10.00% | -1.42 Z | -5.59% | -1.12 Z | -4.41% | | 000001 | 平安银行 | 1.40 Z | 7.16% | -1.41 Z | -7.22% | 123.51万 | 0.06% | | 601916 浙商银行 | | 1.21亿 | 11.32% | -5060.46万 | -4.74% | -7017.09万 | -6.58% | | 601166 兴业银行 | | 1.08亿 | 6.16% | -7940.89万 | -4.52% | -2878.32万 | -1.64% | | 600000 浦发银行 | | 9 ...

转自：新华财经 近日，在"2025（第四届）生态品牌峰会"上，中信银行凭借从提供金融功能到共创用户价值的转型，成为银行业唯一连续四年斩获生态品牌认证的机构。 跨境协同：打造全球服务生态圈 中信银行"出国金融"以"全生命周期陪伴式服务"为核心，形成涵盖"全球签"签证服务、个人资信证明服务、专属借记卡和信用卡产品及尊享服务、个人外汇 结算服务、出国留学规划服务在内的全球一体化服务网络。"全球签"签证服务覆盖欧洲、亚洲、澳洲、美洲等40余个国家；聚焦留学客群需求，推出"学无 界"教育服务体系，以专业增值贯穿全生命周期跨境服务生态链，累计服务人次达2700万。 焕新发布的"信外汇+"跨境综合金融服务体系，整合CIPS跨境支付、数字人民币场景应用及中亚本地化结算，为企业"走出去"提供全链条金融支持，人民币 跨境融资余额同比增长55%，稳居股份制银行前列。 本次生态品牌认证由新华社品牌工作办公室、新华出版社、凯度集团、《财经》杂志、牛津大学赛德商学院等权威机构联合发起，覆盖全球30余个行业的近 千个品牌。中信银行在"用户体验交互、开放协同共创、社会价值贡献"等维度表现卓越，持续在生态品牌发展体系中领跑金融行业。《生态品牌 ...

中信银行党委委员、副行长谢志斌在致辞中表示："金融的本质在于链接价值。此次携手，我们以场景金融为核心导向，将双方优势深度绑定，把普惠金融 的温度注入每一个消费场景，让'不出国门 海购全球'的美好体验触手可及、落地生根。" "旅游零售行业的未来，在于创新，在于对用户价值的不懈追求。中免集团与中信银行的全面合作，是双方核心资源的深度整合、创新模式的大胆探索，以 联名信用卡为起点，必将开启一段共赢发展的崭新旅程。"中免集团党委委员、副总经理周领军在致辞中表示。 "立足海南自贸港封关运营的战略机遇，中国银联将持续深化三方创新合作，以更优质的支付产品、更完善的服务网络、更丰富的权益生态，共同助力全国 消费升级，赋能海南自贸港高质量发展的崭新篇章。"中国银联党委委员、执行副总裁胡浩中在致辞中表示。 （2025年11月19日，三亚）今日，"信意无界 臻享中免"——中信银行携手中免集团、中国银联启航暨联名信用卡发布仪式在三亚正式举行。该联名卡不仅 实现了金融与旅游零售深度融合的模式创新，为消费者打造品质生活新体验，更是响应国家扩大内需战略、推动免税消费提质扩容的重要实践。 中信银行党委委员、副行长谢志斌，中免集团党委委员、副 ...

Market Overview - The A-share market opened higher but experienced a decline, with the Shanghai Composite Index rising by 0.38% while the Shenzhen Component and ChiNext fell by 0.05% and 0.52% respectively [3][4]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.11 trillion yuan, an increase of 23 billion yuan compared to the previous trading day [5]. Sector Performance - The banking sector showed strong performance, with all bank stocks rising. Notably, China Bank's stock price surged by 5.17%, reaching a historical high with a market capitalization of 186.78 billion yuan [11][10]. - The lithium mining sector continued its strong momentum, with significant gains in stocks such as Weiling Co. and Dazhong Mining, which recorded a limit-up increase of 10% [16][17]. - Conversely, the retail, soft drink, and tourism sectors experienced noticeable declines, with the water product and lithium battery electrolyte sectors also weakening [5][6]. Specific Stock Movements - Major banks such as Agricultural Bank, Industrial and Commercial Bank, and Construction Bank saw increases of 0.36%, 1.58%, and 4.73% respectively, contributing to a robust banking sector performance [14]. - In the lithium sector, the price of lithium carbonate futures surged past 100,000 yuan per ton, indicating strong demand from downstream manufacturers [18][19]. Brokerage Sector - A wave of mergers among brokerages has sparked market interest, with stocks like Shouchuang Securities rising over 5% following announcements of significant asset restructuring [22][23]. - The overall performance of brokerage stocks was mixed, with some stocks experiencing gains while others saw declines [22]. Fisheries Sector - The fisheries sector, particularly Zhongshui Fisheries, saw its stock price rise by 10.02% amid geopolitical tensions affecting Japanese seafood imports to China [25][26].

数据来源：Wind 截止日期：2025年11月20日 根据最新定期报告，红利低波ETF（512890）十大重仓股涨跌互现，重点配置银行及交运板块，包括中 粮糖业、南钢股份、成都银行、大秦铁路、南京银行、兴业银行、农业银行、建设银行、中信银行、四 川路桥，持仓占比如下。 | 10 48 | 版雷代码 服量名称 | 特会市量(元) | 将会数量 | HI对上期增幅 | 占設量市幅比 | 西基金净值比 | 占混攝服本比 所属行业 | 区间变酸帽 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 600757.9H 中换播变 () | 095,200,225.9G | 49,691,001 | | 0.47% | 3.46% | 2.04% 日常消费 | 76.1196 | | 2 | 600282.5H 商钢股份(1) | 570,069,953.25 | 106,584,753 | - | 2.85% | 2.83% | 1.76% 材料 | 28.07% | | 3 | 601030.5H 应精模行 | 567,817,870.50 | ...

每经编辑|杜宇 11月20日电，A股早盘银行板块延续强势，中国银行（SH601988）涨超4%，续创历史新高，总市值超2万亿元。 邮储银行、光大银行、建设银行、中信银行等涨幅靠前。 | 建设银行 v | | | | | | --- | --- | --- | --- | --- | | 601939 LT 沪股通 | | | | | | 9.84 市值-2.57万亿 量比 4.91 501 9.81 | | | | | | 保 9.45 流通 941.14亿 换 | | 0.92% | | | | 0.29 3.05% 开 9.48 市盈™ 7.59 额 | | 8.52 Z | | | | 港股 8.250 1.48% H/A溢价率 -23.45% 溢价分析 | | | | | | 分时 | | | | | | 均价:9.68 最新:9.81 0.29 +3.05% | | | | | | --------- +3.36% 大单 9.89 *749 9.84 --- | | | | | | 季5 | 9.85 5989 | | | | | 卖4 | | 9.84 3823 | | | | 卖3 | | 9. ...

（文章来源：证券时报网） 据Wind统计，截至11月19日，沪深两市共有90只个股连续5日或5日以上获主力资金净买入。连续获主 力资金净买入天数最多的股票是中信银行、银河微电，均已连续16个交易日获净买入；连续获主力资金 净买入天数较多的还有联瑞新材、苏州科达、明新旭腾、通灵股份、大唐发电、世茂能源、今创集团、 同方股份等股。 ...

具体来看，招商银行在小红书上已经收获了51.3万粉丝，中信银行信用卡账号紧随其后，有12.6万粉 丝，而光大银行则稳稳坐拥9.4万粉丝的小圈子。可以说，银行们在小红书的"粉丝赛跑"已经悄然开 始，各家都在努力抢占年轻用户的关注度。 凭借在用户消费决策链中的关键入口地位、以及天然具备的"强搜索"属性，小红书正成为各大商业银行 竞相"挖金"的新阵地。 除招商银行、江苏银行等较早布局的机构外，近期浙商银行、大华银行等多家银行也陆续开设官方账 号，让银行在小红书上的身影越来越多。 小红书 小红书 据《证券日报》此前报道，自今年以来，银行、券商、基金、保险等金融机构已成规模地入驻小红书。 截止至今年5月份，各类金融机构已开设超过200个官方账号，其中银行总行、业务条线与各地分支机构 创建的官方账号数量也已超过60个。不同类型金融机构不断"进场"，小红书正日益成为它们争抢流量入 口的缩影。 平台流量庞大，潜在客群可观、活跃度高，这也解释了银行为何积极入驻。另据小红书财经与蚂蚁财富 联合推出的《2024年轻人十大理财趋势盘点》显示，2024年，小红书上"存钱"相关的笔记阅读量达到83 亿，2000多万"00后"通过余额宝定 ...

格隆汇11月20日｜中信银行今日发布公告，拟为部分客户开启境外线上安全锁。自2025年11月22日起， 该行将结合账户境外交易使用情况，对部分客户开启境外线上安全锁，境外线上安全锁开启后，相关账 户将无法办理境外线上交易。如客户已开启境外线上安全锁，且有境外消费计划，可随时登录该行手机 银行"我的-安全中心-账户安全锁"选择对应银行卡关闭境外线上安全锁功能，即可办理境外线上交易。 ...