2025年7月3日，中信银行北京分行联合北京市公安局刑侦总队、总行财富管理部召开反诈宣防工作会。 北京市公安局刑侦总队负责领导及总行财富管理部高级经理受邀参会，中信银行北京分行分管行领导出 席会议并就零售反诈工作作出重要部署，分行相关部门负责人及业务骨干及全辖网点人员共计1000余人 通过"现场+视频"形式参会，共同筑牢警银协同反诈防线。 会议期间，北京市公安局刑侦总队以生动真实的案例，剖析当前电信网络诈骗的严峻形势，揭示新型诈 骗手段对群众财产安全的威胁，重点围绕涉诈风险排查、大额交易监控管理等场景提出专业化建议，并 就强化内部培训、深化外部宣传、提升全民反诈意识等工作路径展开深入讲解。同时，针对警银协作机 制、反诈模型建设等具体环节，刑侦总队结合实战经验提出多项优化举措。总行财富管理部高级经理介 绍了"哨兵"系统的运行情况，从总行的视角介绍了底层扑救路径，构建坚实的反诈屏障。 北京分行分管行领导现身说法，以自身被盗刷经历为引，结合7年追回涉诈资金的典型案例，揭示犯罪 分子作案手段高科技化趋势，强调构建资金保护体系的重要性，并对反诈工作提出四点要求：一是紧 扣"金融三性"，提升政治站位，将反诈融入一线服务， ...

Group 1 - The core point of the news is the disciplinary investigation of Yuan Dongning, the Deputy General Manager of the Wealth Management Department of CITIC Bank, for serious violations of discipline and law [1] - Yuan Dongning previously held positions in CITIC Bank's Retail Banking Department and served as the Assistant General Manager of the Wealth Management Department [1] - In January 2024, Yuan Dongning participated in an event discussing the theme of "Wealth Management Digitalization Supporting Inclusive Finance," highlighting CITIC Bank's strategy to enhance digital services for wealth management [1] Group 2 - Prior to Yuan Dongning's investigation, other executives from CITIC Bank were also under investigation, including Luo Jinhui, the former Vice President of the Asset Management Business Center, for serious job-related violations [2] - Recent reports indicate multiple financial officials in Liupanshui City have been investigated for serious violations, including Shen Hao from the Agricultural Development Bank of China [2] - On June 20, the former Party Secretary and President of the Yunnan Branch of the Industrial and Commercial Bank of China, Xu Hai, was also under investigation for serious violations [2]

【导读】中信银行财富管理部副总经理袁东宁接受纪律审查和监察调查 中国基金报记者 晨曦 在袁东宁之前，中信银行旗下已有业务干部被查。2024年9月，据中央纪委国家监委驻中信 集团纪检监察组、贵州省纪委监委消息，中信银行资产管理业务中心原副总裁（一级部总经 理级）罗金辉涉嫌严重职务违法，接受中央纪委国家监委驻中信集团纪检监察组和贵州省六 盘水市监委监察调查。 另外，近期六盘水市纪委监委曾通报多名金融干部被查消息。 7月9日，据中国农业发展银行贵州省分行纪委、水城区纪委监委消息，中国农业发展银行六 盘水市分行运营科技部高级主管申昊涉嫌严重违纪违法，接受中国农业发展银行贵州省分行 纪委纪律审查和水城区监委监察调查。 6月20日，中国工商银行云南分行原党委书记、行长许海涉嫌严重违纪违法，主动投案，接受 中央纪委国家监委驻中国工商银行纪检监察组纪律审查和贵州省六盘水市监委监察调查。 编辑：黄梅 校对：乔伊 金融反腐最新通报来了！ 7月10日，贵州省纪委监委发布通报，中信银行股份有限公司财富管理部副总经理袁东宁涉嫌 严重违纪违法，目前正在接受中信银行股份有限公司纪委纪律审查和六盘水市监委监察调 查。 公开信息显示，袁东宁曾 ...

Core Viewpoint - The article highlights the proactive measures taken by China CITIC Bank's Guiyang Huaxi Branch to enhance financial literacy and prevent fraud, particularly targeting vulnerable groups such as the elderly and migrant workers [1][2][4]. Group 1: Targeted Outreach - The Huaxi Branch conducted a summer anti-fraud promotional event at the Qingzhen Elderly University, focusing on educating elderly participants about financial risks and common scams like "high-interest guaranteed returns" and "investment for retirement" [2]. - The branch also reached out to migrant workers by organizing "Guarding Happiness" financial knowledge classes, addressing their concerns about salary distribution and investment, while emphasizing the importance of choosing legitimate financial institutions [2]. Group 2: In-Branch Initiatives - The branch established a financial knowledge promotion area within its premises, providing a variety of educational materials and continuously playing anti-fraud videos to create an engaging learning environment [3]. - Lobby managers utilized waiting times to educate customers on preventing illegal financial activities and rational consumption, making financial knowledge easily accessible [3]. Group 3: Employee Training - To enhance service quality and anti-fraud effectiveness, the branch organized specialized training for employees on financial knowledge and fraud prevention skills, thereby improving their risk awareness and professional capabilities [4]. - These initiatives reflect the bank's commitment to protecting consumers' rights and fostering a harmonious financial environment [4].

Group 1 - The banking sector continues to show strength, with major banks like Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, and others reaching historical highs on July 10 [1] - The Bank AH Preferred ETF (517900) has seen a net inflow of 610 million yuan since the beginning of the year, with a share increase of 474%, leading among bank ETFs [3] - The total dividend payout for the 2024 fiscal year from major banks is expected to exceed 620 billion yuan, with significant contributions from the four major banks [4][5] Group 2 - Southbound funds have been actively purchasing bank stocks, with a net buy of 9.256 billion HKD on July 9, indicating strong demand [7][8] - The net buying amounts from southbound funds over the past month, three months, and year are 26.3 billion yuan, 75.5 billion yuan, and 211.5 billion yuan respectively, leading among all sectors [9] - Analysts suggest that the current banking stock market reflects a trend of value reassessment, with expectations of stable fundamentals supporting continued institutional investment [9] Group 3 - The Bank AH Index, which includes both A-shares and H-shares, has shown a cumulative increase of 101.8% since its inception, outperforming other indices [11][13] - The H-shares of 14 banks have higher dividend yields compared to their A-share counterparts, indicating a "higher yield, lower valuation" phenomenon [10][11] - The banking sector is characterized by a "weak cycle" in both fundamentals and investment, with stable dividend yields providing attractive investment opportunities [4][6]

Core Viewpoint - The article discusses the recent developments in financial reforms in Hebei Province, emphasizing the importance of inclusive finance and its role in supporting local enterprises and economic growth [1][4]. Group 1: Financial Reforms and Initiatives - The 20th Central Committee of the Communist Party of China has approved a decision to deepen financial reforms, focusing on the development of various types of finance including technology, green, inclusive, pension, and digital finance [1]. - Hebei Province has seen rapid growth in its financial sector, effectively supporting the real economy and facilitating corporate financing [1]. - The People's Bank of China in Hebei has implemented a comprehensive action plan to promote high-quality economic development through inclusive finance, including the establishment of a long-term mechanism for small and micro-enterprise financing [4]. Group 2: Support for Small and Micro Enterprises - A case study highlights a packaging company in Cangzhou that received a 2 million yuan loan from the Bank of China to address its funding shortages, showcasing the bank's proactive approach to supporting local businesses [2]. - The "Yard Quick Loan" product from CITIC Bank has been successfully implemented in Hebei, providing tailored financial solutions to local enterprises, which has led to significant economic benefits for surrounding communities [3]. - As of the end of the first quarter, the balance of inclusive loans for small and micro enterprises in Hebei reached 1.3376 trillion yuan, reflecting a year-to-date growth of 13.31%, significantly outpacing the overall loan growth rate [4][5]. Group 3: Broader Economic Impact - The inclusive finance initiatives in Hebei are not only addressing the immediate financial needs of small enterprises but are also contributing to rural revitalization and supporting special groups such as veterans [5]. - The financial services are being extended to various sectors, including agriculture, with innovative products and services being developed to meet local needs [4][5].

Market Overview - A-shares experienced a pullback after initially rising, with the Shanghai Composite Index briefly surpassing 3500 points, closing at 3493.05, down 0.13% [2] - The Shenzhen Component Index closed at 10581.80, down 0.06%, while the ChiNext Index rose 0.16% to 2184.67 [2] - Total market turnover reached 15.274 billion, an increase of 528 million from the previous trading day [2] Financial Sector Performance - The financial sector showed strong performance, with notable gains in banking, futures, and brokerage stocks [3] - Industrial and Commercial Bank of China (ICBC) closed up 1.16%, reaching a historical high with a market capitalization of 2.8 trillion [3] - The recent rally in the banking sector is attributed to three main factors: the appeal of bank dividends in a low-interest environment, increased capital inflow from public funds, and accelerated conversion of bank bonds [3] Cultural and Media Sector Dynamics - The cultural and media sector was notably active, particularly in the short drama and gaming segments, with stocks like Fengshang Culture and Zhongwen Online seeing significant gains [5] - The short drama market is experiencing explosive growth, with current annual market size estimated between 30 billion to 35 billion, expected to exceed 50 billion next year [5] - The film industry is also showing positive trends, with box office revenues reaching 30 billion by July 8, marking the fastest pace in five years [5] Market Outlook - Analysts maintain a positive outlook for A-shares, with expectations of a steady upward trend despite recent fluctuations [6] - The potential for a Federal Reserve interest rate cut in Q3 and a loosening of domestic monetary policy could enhance asset valuations [6] - The "anti-involution" policy is expected to drive structural changes in the market, benefiting both technology and cyclical sectors [6]

Core Viewpoint - The banking sector has shown strong performance in the stock market, with significant gains over the past three years, leading to increased market capitalization and investor interest despite rising valuation concerns [1][3][7]. Group 1: Market Performance - The banking sector index rose by 18.38% this year, outperforming the overall market by 14 percentage points [1]. - Over the past year, the banking sector's total market capitalization increased by approximately 4.5 trillion yuan, with A-shares contributing over 3 trillion yuan [1]. - As of July 9, 2023, 34 out of 42 banking stocks closed higher, with notable gains from Xiamen Bank and Chongqing Rural Commercial Bank [2]. Group 2: Stock Gains and Valuation - The banking sector has been a "dark horse," with a two-year gain exceeding 50% and a three-year gain around 38% [3][4]. - Ten banking stocks have doubled in price over the past three years, with Agricultural Bank of China leading with a 153% increase [4]. - The median price-to-book (PB) ratio for banking stocks remains below 0.7, indicating potential undervaluation despite some banks breaking the net asset value [7]. Group 3: Dividend and Investment Appeal - The banking sector is projected to distribute approximately 373.7 billion yuan in dividends for the 2024 fiscal year, with many banks already announcing their dividend plans [8]. - The high dividend yield remains attractive to long-term investors, especially in a low-interest-rate environment [7][8]. - Analysts suggest that the current banking stock rally reflects a reassessment of the sector's fundamental stability, supported by regulatory policies and stable asset quality [8][9]. Group 4: Economic Outlook and Risks - The macroeconomic policy is expected to be gradually implemented, with a focus on fiscal measures over monetary policy [9]. - Concerns about rising non-performing loans and net interest margin pressures have been raised, but analysts argue that these risks are manageable [9][10]. - The banking sector is transitioning to a "weak cycle" model, indicating a shift in operational strategies and risk management [8].

Core Viewpoint - The article emphasizes the need for financial services that understand technology and can provide long-term support to tech companies, highlighting the importance of a comprehensive financial service system tailored to the unique needs of technology-driven enterprises [1][2]. Group 1: Financial Services for Tech Companies - Financial institutions must enhance their credit lending capabilities by understanding the technology and industry specifics of tech companies, as these firms often lack traditional collateral and stable cash flows [2][3]. - The Chinese government has introduced policies to support technology innovation through a full lifecycle financial service system, focusing on the financing needs of key areas in tech innovation [1]. Group 2: Case Studies of Financial Support - Shanghai Hejian Industrial Software Group, a tech firm specializing in electronic design automation (EDA), received an 800 million yuan credit line from CITIC Bank, which evaluated the company based on its technological advancements and market potential rather than traditional financial metrics [2][3]. - CITIC Bank has launched the "Technology Achievement Transformation Loan" to help startups like Sanrui High Polymer Materials obtain financing without collateral, focusing on their technological value [4]. Group 3: Comprehensive Financial Ecosystem - CITIC Group leverages its diverse financial services, including banking, securities, and insurance, to create a "stock-loan-bond-insurance" linkage mechanism, providing comprehensive financial support throughout the lifecycle of tech companies [4][6]. - The integration of various resources within CITIC Group allows for enhanced collaboration and support for tech firms, facilitating their growth from inception to international expansion [6].

Fund Overview - The fund is named "Hui'an Quality Selection Enhanced Bond Investment Fund" and is a bond-type open-ended fund [11] - The fund is managed by Hui'an Fund Management Co., Ltd. and the custodian is CITIC Bank [11][49] Fund Raising Details - The fund's subscription period is from July 21, 2025, to August 1, 2025, with a maximum subscription amount of 6 billion RMB [5][21] - The minimum subscription amount for each fund share is 1.00 RMB [11][27] - The fund will not accept subscriptions from financial institutions' proprietary accounts, except for the manager's own funds [19] Subscription Categories - The fund offers two classes of shares: Class A and Class C, with different fee structures [3][12] - Class A shares charge subscription fees, while Class C shares do not charge subscription fees but deduct service fees from the fund's assets [3][12] Subscription Limits - Individual investors can subscribe up to 10 million RMB per day, with no cumulative limit during the fundraising period [2][19] - If a single investor's cumulative subscription reaches or exceeds 50% of the total fund shares, the fund manager may impose restrictions on further subscriptions [4][24] Performance Benchmark - The fund's performance benchmark is composed of 85% of the yield of the China Securities Index Quality Credit Bond Index, 10% of the yield of the China Securities Dividend Quality Index, and 5% of the after-tax bank demand deposit rate [9][10] Fund Management and Operations - The fund operates as a contractual open-ended fund with no fixed duration [11] - The fund management company reserves the right to adjust the fundraising arrangements based on various factors [6]