Group 1 - Core viewpoint: CITIC Bank announced a mid-term cash dividend of RMB 0.188 per share for 2025, with the A-share equity registration date set for November 20, 2025 [2][3] - The total cash dividend distribution amounts to approximately RMB 10.46 billion, with A-shares accounting for about RMB 7.66 billion [2] - The dividend will be paid out on November 21, 2025, and individual shareholders are responsible for their own tax declarations [2][3] Group 2 - On November 13, 2025, CITIC Bank's stock closed at RMB 8.05, down 0.98%, with a trading volume of 561,400 shares and a total transaction value of RMB 452 million [1] - The net outflow of main funds on the same day was RMB 1.15 million, while speculative funds saw a significant net inflow of RMB 45.17 million [1][3] - Retail investors experienced a net outflow of RMB 44.02 million, indicating a mixed sentiment among different investor categories [1]

Core Viewpoint - The recent surge in gold prices, exceeding $4200 per ounce with a year-to-date increase of over 60%, has prompted banks to adjust their gold accumulation business rules, reflecting a cautious risk management approach in the industry [1][2]. Bank Adjustments to Gold Accumulation Business - On November 11, China CITIC Bank announced an increase in the minimum investment amount for its gold accumulation plan from 1000 yuan to 1500 yuan, effective November 15 [1]. - This adjustment follows similar moves by other banks, such as Industrial and Commercial Bank of China raising its minimum investment from 850 yuan to 1000 yuan on October 13, and Industrial Bank increasing its minimum purchase amount from 1000 yuan to 1200 yuan on October 21 [1]. Redemption Rules and Risk Management - China Construction Bank introduced a "large redemption" rule on November 11, stating that if total net redemption requests exceed 20% of the bank's total gold accumulation balance, it may refuse the excess requests [2]. - Continuous large redemptions over two trading days may lead to a suspension of redemption transactions, aimed at filtering clients with stronger risk tolerance and mitigating liquidity risks during market volatility [2]. Investor Participation and Market Trends - As of November 13, banks reported a significant interest in gold accumulation products, with many clients inquiring about fees and the process for redeeming physical gold [2]. - The recent tax policy changes regarding gold transactions have made gold investment products, such as gold accumulation accounts and ETFs, more attractive due to their convenience and transparency [3]. Asset Allocation Recommendations - Experts suggest that investors should recognize the correlation between the recent rise in gold prices and the weakening of the US dollar, and monitor related factors [3]. - While long-term support for gold prices exists, short-term volatility is expected, and investors are advised to diversify their asset allocation to mitigate risks associated with concentrated investments in gold [3][4].

Core Points - The announcement details the implementation of the 2025 mid-term cash dividend distribution for CITIC Bank, with a cash dividend of RMB 0.188 per share (before tax) [2][6] - The total cash dividend distribution amounts to RMB 10,461,290,505.64 (before tax), based on a total share capital of 55,645,162,264 shares [6] Dividend Distribution Details - The cash dividend of RMB 0.188 per share will be distributed to all A-share shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on November 20, 2025 [4][8] - The dividend will be paid on November 21, 2025, through the clearing system of the China Securities Depository and Clearing Corporation [8] Taxation Information - For individual shareholders and securities investment fund shareholders, the actual cash dividend received will depend on the holding period, with a potential tax exemption for those holding shares for over one year [10] - Qualified Foreign Institutional Investors (QFII) will receive a net cash dividend of RMB 0.1692 per share after a 10% withholding tax [11] - Hong Kong market investors will also receive a net cash dividend of RMB 0.1692 per share, subject to the same 10% withholding tax [12]

Core Viewpoint - CITIC Bank announced its mid-term profit distribution plan for 2025, declaring a cash dividend of RMB 0.188 per share (tax included) for A-shares [2] Summary by Categories Dividend Announcement - The cash dividend of RMB 0.188 per share will be distributed to shareholders [2] - The record date for the dividend is set for November 20, 2025 [2] - The ex-dividend date and the date of cash dividend payment are both scheduled for November 21, 2025 [2]

Core Points - CITIC Bank announced a cash dividend distribution of RMB 0.188 per share (including tax) to all shareholders, based on a total share capital of 55.645 billion shares as of the equity registration date [1] - The total cash dividend payout amounts to RMB 10.461 billion (including tax), with RMB 7.663 billion allocated for A-shares, which total 40.763 billion shares [1] - The cash dividend payment date is set for November 21, 2025 [1]

Core Viewpoint - Several banks in China, including CITIC Bank and China Construction Bank, have announced an increase in the minimum investment threshold for gold accumulation products due to rising gold prices [1] Group 1: Bank Announcements - CITIC Bank will raise the minimum investment amount for its gold accumulation plan from 1,000 yuan to 1,500 yuan starting November 15, 2025 [1] - China Construction Bank will increase its minimum investment amount from 1,000 yuan to 1,200 yuan, effective the same date [1] - Other banks, such as Bank of China, Industrial and Commercial Bank of China, and Ningbo Bank, have also raised their minimum thresholds for gold accumulation products, surpassing the 1,000 yuan mark [1] Group 2: Changes in Investment Structure - Some banks are shifting their gold accumulation product structure from a fixed amount to a model that fluctuates with gold prices [1]

Group 1 - The core point of the announcement is that China CITIC Bank will distribute a cash dividend of RMB 0.188 per share to all shareholders, totaling approximately RMB 10.461 billion, with the record date set for November 20, 2025 [1] - As of the announcement, China CITIC Bank has a market capitalization of RMB 447.9 billion [2] - For the first half of 2025, the bank's revenue composition shows that interest income accounts for 137.22% while non-interest income accounts for 20.83% [1]

证券代码：601998 证券简称：中信银行 公告编号：临2025-078 中信银行股份有限公司 2025年 A 股普通股中期分红派息实施公告 本行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。 重要内容提示： 每股分配比例 A 股每股现金红利人民币 0.188元（含税）。 税后每股现金红利：对于自然人股东及证券投资基金股东，本行暂不代扣代 缴其个人所得税，每股派发现金红利人民币 0.188 元，待其转让股票时根据持股期 限计算应纳税额。对于合格境外机构投资者（QFII）和香港市场投资者（包括企 业和个人），本行按 10%税率代扣代缴其所得税，每股派发现金红利人民币 0.1692 元。对于其他 A 股股东（含机构投资者），其所得税由其自行申报缴纳，本行每股 派发现金红利人民币 0.188 元。 二、 分配方案 1. 发放年度 2025年中期 2. 分派对象 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 20 ...

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，概不就因本公告全部或任何部份內容而產 生或 因依賴該等內容而引致的任何損失承擔任何責任。 中信銀行股份有限公司 China CITIC Bank Corporation Limited （在中華人民共和國註冊成立的股份有限公司） （股份代號：998） 於其他市場發佈的公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條刊登。 证券代码：601998 证券简称：中信银行 公告编号：临2025-078 中信银行股份有限公司 2025年 A 股普通股中期分红派息实施公告 茲載列該公告（於上海證券交易所網站刊登）如下，僅供參閱。 承董事會命 中信銀行股份有限公司 方合英 董事長 中國•北京 2025年11月13日 於本公告日期，本行執行董事為方合英先生（董事長）、蘆葦先生（行長）及胡罡先生；非執 行董事為王彥康先生及付亞民先生；及獨立非執行董事為廖子彬先生、周伯文先生、王化成先 生及宋芳秀女士。 本行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 ...

Core Insights - The banking sector saw a slight increase of 0.04% on November 13, with China Merchants Bank leading the gains [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] Banking Sector Performance - China Merchants Bank (600036) closed at 43.21, with a rise of 0.65% and a trading volume of 588,000 shares, amounting to a transaction value of 2.531 billion [1] - Ping An Bank (000001) closed at 11.70, up 0.17%, with a trading volume of 979,000 shares and a transaction value of 1.14 billion [1] - Other banks like Everbright Bank (601818) and Zhejiang Commercial Bank (601916) remained flat, while Industrial Bank (601166), Shanghai Pudong Development Bank (600000), and Minsheng Bank (600016) experienced slight declines [1] Capital Flow Analysis - The banking sector saw a net inflow of 56.84 million from institutional investors, while retail investors experienced a net outflow of 72.83 million [1] - Industrial Bank (601166) had a significant net outflow of 78.00 million from retail investors, despite a net inflow of 12.90 million from institutional investors [1] - China Merchants Bank had a net inflow of 24.99 million from institutional investors, with retail investors contributing a net inflow of 15.79 million [1]