Core Viewpoint - CITIC Bank is committed to serving the real economy and has implemented the "Five Major Articles" as a key strategy to fulfill its responsibilities as a state-owned financial enterprise, achieving both economic and social benefits while contributing to China's modernization [1] Group 1: Strategic Implementation - CITIC Bank integrates the "Five Major Articles" into its planning and operational framework, establishing a comprehensive "1+5" implementation system to align with national policies [1] - The bank enhances process management and monitoring of key indicators related to the "Five Major Articles," ensuring effective execution and resource allocation [1] Group 2: Technological Financial Empowerment - CITIC Bank has established a specialized service system for technology finance, with over 270 branches designated as technology finance pioneers, supporting innovation and productivity [1] - The bank launched the "启航计划" (Sailing Plan) to facilitate technology achievement transformation, introducing a service matrix that includes specialized financial products and collaborative platforms [1] - CITIC Bank actively participates in innovative projects, such as the first pilot project for technology achievement transformation loans, creating a comprehensive support system for technology enterprises [1] Group 3: Green Finance Development - CITIC Bank is focused on building a green finance system to support low-carbon economic transformation, establishing over 300 green finance demonstration institutions [3] - The bank has developed a comprehensive service system for green financing, including a carbon emission measurement service platform, to assist clients in managing their carbon footprints [3][4] Group 4: Inclusive Finance Innovations - CITIC Bank has implemented a specialized operating model for inclusive finance, enhancing service delivery to small and micro enterprises and supporting rural revitalization [6] - The bank's inclusive finance loans for small and micro enterprises exceeded 630 billion yuan, reflecting a positive trend in loan volume and quality [7] Group 5: Pension Finance Enhancement - CITIC Bank is expanding its pension finance services, focusing on the three pillars of pension support and enhancing customer experience through improved service models [8] - The bank has developed a comprehensive pension financial service system, including innovative products and community-based services to meet diverse customer needs [9] Group 6: Digital Finance Transformation - CITIC Bank is advancing its digital transformation to support the digital economy, establishing a digital transformation office and developing various technological systems [10] - The bank's digital economy loans exceeded 270 billion yuan, demonstrating significant growth in this sector [11] Group 7: Recognition and Awards - CITIC Bank has received multiple accolades, including the "2025 China Bank of the Year" award, highlighting its achievements in high-quality development and brand value [12]

Group 1 - The core point of the article is the resignation of Lu Wei as the President of CITIC Bank due to work adjustments, and his subsequent appointment as the President of Postal Savings Bank [2][4][5] - CITIC Bank's announcement highlights Lu Wei's 26 years of service, where he held various key positions and made significant contributions to the bank's financial management, capital replenishment, and international development [4] - Lu Wei, aged 54, has had a diverse career within CITIC Bank, including roles such as Deputy General Manager of the Beijing Branch and Secretary of the Board, before becoming the youngest Vice President in April 2021 [4] Group 2 - Lu Wei has officially taken up the role of President at Postal Savings Bank, following the board's decision on December 26, pending approval from the National Financial Regulatory Administration [5] - The previous President of Postal Savings Bank, Liu Jianjun, resigned due to reaching the statutory retirement age, effective immediately [5] - Financial data for Postal Savings Bank shows that for the first three quarters of 2025, the bank achieved revenue of 265.08 billion yuan, a year-on-year increase of 1.82%, and a net profit of 76.794 billion yuan, up 1.07%, continuing a trend of growth [6]

Group 1 - The president of CITIC Bank, Lu Wei, has resigned due to work adjustments and has been appointed as the president of Postal Savings Bank [2][4] - Lu Wei has served at CITIC Bank for 26 years, holding various key positions and contributing significantly to the bank's financial management, capital replenishment, and international development [2] - The board of CITIC Bank has appointed Fang Heying to assume the responsibilities of the president following Lu Wei's departure [2] Group 2 - Postal Savings Bank has announced the appointment of Lu Wei as its new president, pending approval from the National Financial Regulatory Administration [4] - The previous president of Postal Savings Bank, Liu Jianjun, has resigned due to reaching the statutory retirement age [4] - For the first three quarters of 2025, Postal Savings Bank reported revenue of 265.08 billion yuan, a year-on-year increase of 1.82%, and a net profit of 76.794 billion yuan, up 1.07% [4]

Group 1 - The president of CITIC Bank, Lu Wei, has resigned due to work adjustments and has been appointed as the president of Postal Savings Bank [2][3][4] - Lu Wei has served at CITIC Bank for 26 years, holding various key positions and contributing significantly to the bank's financial management, capital replenishment, and international development [3] - The board of CITIC Bank has appointed Fang Heying to assume the responsibilities of the president following Lu Wei's departure [3] Group 2 - Postal Savings Bank has announced the appointment of Lu Wei as its new president, pending approval from the National Financial Regulatory Administration [4] - Liu Jianjun, the former president of Postal Savings Bank, has resigned due to reaching the statutory retirement age [4] - For the first three quarters of 2025, Postal Savings Bank reported a revenue of 265.08 billion yuan, a year-on-year increase of 1.82%, and a net profit of 76.794 billion yuan, up 1.07% [5] - As of the end of the third quarter of 2025, Postal Savings Bank's total assets reached 18.61 trillion yuan, an increase of 8.9% from the previous year [5] - The non-performing loan ratio of Postal Savings Bank stands at 0.94%, the only major state-owned bank below 1%, although it has increased by 0.04 percentage points compared to the end of last year [5]

Group 1: Automotive Industry - The National Development and Reform Commission and the Ministry of Finance announced a policy to support vehicle scrapping and replacement starting in 2026, providing subsidies for consumers who scrap their cars and purchase new energy vehicles or fuel-efficient vehicles [1] - Consumers will receive a subsidy of 12% (up to 20,000 yuan) for purchasing new energy vehicles and 10% (up to 15,000 yuan) for purchasing fuel-efficient vehicles with an engine size of 2.0 liters or less [1] Group 2: Aviation Industry - Hainan's three major airports achieved a record annual passenger throughput of over 50 million for the first time, marking a significant milestone in the development of Hainan's aviation sector [2] - This achievement is seen as a strong impetus for the construction of an aviation hub as Hainan Free Trade Port progresses [2] Group 3: Trade and Export - The Ministry of Commerce released the list of state-owned enterprises authorized to export tungsten, antimony, and silver for the 2026-2027 period, including 15 companies for tungsten, 11 for antimony, and 44 for silver [3] Group 4: Automotive Market Share - China's share of the global automotive market reached 40% in November 2025, an increase of 1 percentage point from the previous year [4] - In 2024, China's automotive market share is projected to be 34.2%, with a rise to 35.4% in the first 11 months of 2025 [4] - BYD, Geely, and Chery are among the top 10 global automakers, with BYD ranking 6th, Geely 8th, and Chery 10th [4] Group 5: Aerospace Industry - The first aircraft of the new generation of commercial unmanned transport systems, the HH-200, was assembled and launched by Aviation Industry Corporation of China, marking a breakthrough in low-altitude logistics [5] Group 6: Banking Sector - Citic Bank announced the resignation of its Executive Director and President, Lu Wei, due to work adjustments, with Fang Heping appointed as the acting president [6] - The former Party Secretary and President of the China Industrial and Commercial Bank in Zibo, Wang Shiming, is under investigation for serious violations of discipline and law [7][8] Group 7: Market Data - The Shanghai Composite Index recorded a 10-day winning streak, with significant gains in humanoid robot concepts and other sectors, while the total market turnover exceeded 2 trillion yuan [9][10] - The financing balance of both stock exchanges increased by 8.346 billion yuan, indicating a positive trend in market liquidity [10] Group 8: Corporate Developments - Changjiang Electric Power announced a mid-term profit distribution plan for 2025, proposing a cash dividend of 2.10 yuan per 10 shares, totaling 5.138 billion yuan [13] - Baiwei Storage plans to acquire a 0.8446% stake in Niu Xin Semiconductor for 20 million yuan, involving related party transactions [14]

Core Viewpoint - The resignation of Lu Wei, the Executive Director and President of CITIC Bank, is attributed to work adjustments, and he will take on a new role as Vice President of China Post Group and is nominated as the candidate for Executive Director of Postal Savings Bank [3][4]. Group 1: Resignation Details - Lu Wei has submitted his resignation from multiple positions including Executive Director, President, and various committee roles at CITIC Bank due to work adjustments [3]. - His resignation will not result in the board of CITIC Bank falling below the legal number of members, and the bank has ensured proper work handover [5]. Group 2: Background and Achievements - Lu Wei has served at CITIC Bank for 26 years, holding key positions in both domestic and international branches, and became President in April 2025 [4]. - During his tenure, he advanced the bank's "Five Leading" initiatives, strengthened risk compliance, and improved financial management, contributing positively to the bank's service to the real economy and overall competitiveness [4]. Group 3: Financial Performance - As of the end of the third quarter, CITIC Bank reported total assets of 98,981.28 billion, a year-on-year increase of 3.83% [5]. - The bank achieved a net profit attributable to shareholders of 53.39 billion, reflecting a year-on-year growth of 3.02%, with operating income reaching 156.60 billion [5]. - Loan balances in key sectors such as manufacturing, strategic emerging industries, and private economy showed significant growth, with increases of 15.44%, 13.14%, and 6.01% respectively compared to the previous year [5].

Macro Dynamics - The National Development and Reform Commission and the Ministry of Finance announced a policy to support the scrapping and updating of vehicles starting in 2026, providing subsidies for consumers who scrap their old cars and purchase new energy vehicles or fuel vehicles with a displacement of 2.0 liters or less. The subsidy for new energy vehicles is 12% of the purchase price (up to 20,000 yuan), while for fuel vehicles, it is 10% (up to 15,000 yuan) [2] Aviation Industry - Hainan's three major airports achieved a record annual passenger throughput of over 50 million for the first time, marking a significant milestone in the development of Hainan's aviation sector amid the accelerated construction of the Hainan Free Trade Port [3] Automotive Industry - China's share of the global automotive market reached 40% in November 2025, an increase of 1 percentage point from the previous year. The market share for 2024 is projected to be 34.2%, and for the first 11 months of 2025, it is expected to be 35.4%, reflecting a growth of 1.2 percentage points [5] Aerospace Industry - The first aircraft of China's self-developed commercial unmanned transport system, the HH-200, has been assembled and is entering the airworthiness certification stage, indicating a breakthrough in low-altitude logistics and unmanned transport technology [6] Financial Institutions - Citic Bank's Executive Director and President, Lu Wei, resigned due to work adjustments, and Fang Heping has been appointed to assume the role of President [7] - The former Party Secretary and President of the China Industrial and Commercial Bank's Zibo branch, Wang Shiming, is under investigation for serious violations of discipline and law [8] Market Data - As of December 29, the financing balance of the two markets increased by 8.346 billion yuan, with the Shanghai Stock Exchange reporting 1.273965 trillion yuan and the Shenzhen Stock Exchange 1.252865 trillion yuan [11] - The Hang Seng Technology Index rose by 1.74%, with Baidu Group increasing by nearly 9% [12] Company Dynamics - He Xiaopeng stated that true fully autonomous driving will arrive in 2026, skipping L3 and moving directly from L2 to L4, with the Ultra version of Xiaopeng's vehicles expected to achieve this capability [13] - Changjiang Electric Power announced a mid-term profit distribution plan for 2025, proposing a cash dividend of 2.10 yuan per 10 shares, totaling 5.138 billion yuan [14] - Baiwei Storage plans to acquire 0.8446% of Niu Xin Semiconductor's shares for 20 million yuan, indicating a strategic investment in high-speed interconnect technology [15][16]

Group 1 - China Medical plans to acquire 70% equity of Zezheng Pharmaceutical for 525 million yuan to enhance its R&D capabilities in the pharmaceutical sector [1] - Hongchang Electronics has commenced production of its functional high-end copper-clad laminate electronic materials project [2] - China State Construction has secured multiple major projects totaling 32.09 billion yuan, which represents 1.5% of its audited revenue for 2024 [3] Group 2 - China Resources Double Crane has established an industrial fund with a committed investment of 83 million yuan, targeting a total fundraising goal of 500 million yuan [4] - Pinggao Electric and its subsidiaries have won state grid procurement projects worth approximately 876 million yuan, accounting for 7.06% of its 2024 revenue [5] - Dong'an Power received a government subsidy of 2.47 million yuan, with 1.47 million yuan related to assets and 1 million yuan related to income [6] Group 3 - Nantian Information has paid overdue taxes and penalties totaling 50.31 million yuan, which will impact its net profit for 2025 [7] - Erli Six has changed its investment plan to establish a wholly-owned subsidiary in Hong Kong for submarine cable business with an investment of 320 million yuan [8] - Dream Lily plans to invest 170 million yuan in an e-commerce warehouse project at its East US factory [9] Group 4 - Shen Shen Fang A's controlling shareholder has terminated the agreement to transfer 7.07% of the company's shares to Dongfang Asset, with no change in control [10] - Tianfu Culture has signed strategic cooperation framework agreements with various cultural and tourism bureaus to promote film and tourism integration [11] - Jinzi Tianzheng's chairman has resigned due to work adjustments, but will continue to fulfill his duties until a new chairman is elected [12] Group 5 - Jiangshan Oupai and its subsidiaries received government subsidies totaling 10.04 million yuan, with 7.51 million yuan related to income [13] - Ninghu Expressway plans to increase its investment in Jiangsu Danjin Expressway Co., Ltd. by 128 million yuan to support highway construction [14] - Jiangyin Bank has received approval for the qualifications of its employee director and vice president [15] Group 6 - Aoxiang Pharmaceutical has received approval for the listing application of two chemical raw materials [16] - Daye Co. has not yet commenced mass production of its robotic tendon products, with ongoing uncertainties in technology and profitability [17] - Rongsheng Environmental has proposed a cash dividend of 3.8 yuan per 10 shares, totaling approximately 97.36 million yuan [19] Group 7 - Yunyi Electric plans to invest 66 million USD in Morocco to establish a wholly-owned subsidiary and production base [20] - Derun Electronics has reached an agreement regarding the delayed payment of 100 million yuan in equity transfer funds [21] - Baihua Pharmaceutical is planning a change in control, leading to a continued suspension of its stock [22] Group 8 - CITIC Bank's executive director and president has resigned due to work adjustments [23] - Haizike's subsidiary has received acceptance for clinical trial applications for two innovative drugs [24] - Tianrun Dairy's subsidiaries received government subsidies totaling 21.53 million yuan, representing 49.32% of its net profit for 2024 [25] Group 9 - Andisou plans to issue 398 million A-shares at 7.54 yuan per share, raising a total of 3 billion yuan [26][27] - Fuda Co. has completed the transfer of its 50% stake in a joint venture, which is expected to positively impact its 2025 financial results [28] - Jianghua Micro has received environmental approval for a project to produce 37,000 tons of ultra-pure wet electronic chemicals [29] Group 10 - Nanwang Technology received a government subsidy of 10 million yuan, accounting for 0.66% of its net assets for 2024 [30] - Changgao Electric New has won state grid procurement projects totaling 161 million yuan, representing 9.14% of its 2024 revenue [31] - Huaxin Precision plans to invest up to 600 million yuan of idle funds in low-risk financial products [32] Group 11 - Fuguang Co. received a government subsidy of 1.26 million yuan for basic research projects, which is 13.27% of its net profit for 2024 [33] - Benli Technology has obtained a drug production license, which will help optimize its product structure [34] - Jintuo Co. proposed a cash dividend of 4.1 yuan per 10 shares, totaling approximately 99.48 million yuan [35] Group 12 - Kang Enbei has elected a new chairman and vice chairman during its board meeting [36] - Sanyuan Bio has completed the construction and installation of equipment for the remaining capacity of its 20,000-ton alulose project [38]

Core Viewpoint - China CITIC Bank (601998) announced a board resolution on December 30, appointing Mr. Fang Heying to perform the duties of the president [1] Group 1 - The board meeting was conducted in written form, with 8 directors participating in the voting [1] - The chairman, Fang Heying, abstained from the vote due to a conflict of interest [1] - The resolution was passed with 8 votes in favor, 0 votes against, and 0 abstentions [1]

12月26日，邮储银行发布董事会决议公告指出，该行董事会会议审议并表决通过了《关于提名芦苇先生 为中国邮政储蓄银行执行董事候选人的议案》，同意提名芦苇担任该行执行董事候选人，并同意将该议 案提交该行股东会审议；表决通过了《关于聘任芦苇先生为中国邮政储蓄银行行长的议案》，邮储银行 董事会同意聘任芦苇为该行行长，其任职资格尚待国家金融监督管理总局核准，芦苇自取得国家金融监 督管理总局任职资格核准之日起就任该行行长。 北京商报讯（记者 孟凡霞 周义力）12月30日，中信银行发布公告，该行董事会于近日收到执行董事、 行长芦苇的辞呈。芦苇因工作调整，辞去该行执行董事、行长、董事会风险管理委员会主席及委员、董 事会战略与可持续发展委员会委员职务。同日，该行发布董事会会议决议公告，会议审议通过《关于由 方合英先生代为履行行长职责的议案》。 ...