Core Insights - The article emphasizes the importance of absolute returns in the current investment landscape, particularly for bank wealth management products, which are heavily influenced by low-risk preferences [1][2][3] - Ping An Wealth Management has established a strong focus on managing drawdowns and achieving stable returns, with a notable average annualized return of 3.46% over the past three years for its fixed income products [1][3] - The company is transitioning towards a more industrialized and platform-based investment management model to enhance efficiency and consistency in risk-return profiles across its product offerings [6][7][8] Group 1: Investment Strategy and Performance - Ping An Wealth Management has maintained a low proportion of negative returns, with only 0.65% of products breaking net asset value and 0.55% showing negative returns as of July [1] - The company has created a product structure that aligns with customer risk preferences, offering various products with different holding periods and risk profiles [4][10] - The "启航增强稳盈定开" series of fixed income products achieved an average annualized return of 3.41% since its inception, demonstrating resilience in a low-interest-rate environment [5] Group 2: Market Position and Future Growth - Ping An Bank is focusing on enhancing its wealth management capabilities to capture a larger share of the retail investment market, particularly through its wealth management product offerings [2][9] - The bank aims to increase the proportion of basic wealth management products to improve the quality of its assets under management (AUM) and adapt to changing consumer preferences [9][10] - The newly launched "安+心稳致远" product system aims to meet diverse investor needs by providing clear product positioning and a variety of investment strategies [10]

Core Viewpoint - Recent changes in credit card foreign currency transactions by several banks, including China Merchants Bank and Ping An Bank, have shifted from USD to RMB for cross-border transactions, potentially reducing currency exchange friction and enhancing card usage willingness [1][3][10]. Group 1: Changes in Credit Card Transactions - Multiple banks have upgraded their credit card foreign currency transactions to support RMB instead of USD, streamlining the cross-border payment process [1][3]. - China Merchants Bank announced that from October 28, 2025, certain Mastercard products will switch their cross-border transaction settlement currency from USD to RMB [3]. - Ping An Bank will allow customers to choose between RMB and USD for foreign currency transactions starting September 25 [4]. Group 2: Market Reactions and Implications - Market interpretations of these changes vary, with some viewing it as a marketing strategy under pressure in the credit card business, while others link it to the internationalization of the RMB [1][10]. - The credit card industry is under pressure, with a reported decline in the number of credit cards and transaction volumes across major banks [10]. Group 3: Competitive Landscape - The upgrade reflects competitive dynamics among card organizations, as Mastercard and Visa traditionally required two currency conversions, which is now reduced to one with the RMB switch [6][7]. - The shift may enhance Mastercard's market share in China, benefiting both the card organization and the partnering banks [6][10]. Group 4: Customer Experience and Fees - The changes are expected to provide a better customer experience, although the immediate impact on consumers may be minimal in terms of cost differences [11]. - The adjustment will also alter the fee structure for cash advances in foreign currencies, transitioning to a RMB settlement line [10].

Core Viewpoint - Recent changes in credit card foreign currency transactions by several banks, including China Merchants Bank and Ping An Bank, have shifted from USD to RMB for cross-border transactions, potentially reducing currency exchange friction costs and enhancing card usage willingness [1][2]. Group 1: Changes in Credit Card Transactions - China Merchants Bank has announced that from October 28, 2025, certain Mastercard credit card products will switch cross-border transaction settlements from USD to RMB [1][2]. - Ping An Bank will allow customers to choose between RMB and USD for foreign currency transactions starting September 25 [2]. - The adjustments are primarily in response to requirements from card organizations like Mastercard, rather than solely driven by market competition [1][3]. Group 2: Impact on the Credit Card Industry - The credit card industry is under pressure, with a reported decline in the number of credit cards and transaction volumes across multiple banks [7]. - In the first half of the year, major banks reported a year-on-year decrease in credit card transaction amounts, with China Merchants Bank down by 8.54% [7]. - The changes in currency settlement may not significantly impact consumers, as the adjustments primarily reflect cost fluctuations rather than substantial benefits [8][9]. Group 3: Competitive Landscape Among Card Organizations - Mastercard and American Express have localized their operations in China, obtaining necessary licenses, while UnionPay remains a dominant domestic player [3][4]. - The transition from USD to RMB for transactions may help Mastercard expand its market share in China, benefiting both the card organization and partner banks [4][5]. - UnionPay does not face the same currency exchange issues, as it directly converts local currencies to RMB, providing a competitive advantage in terms of exchange rates [5]. Group 4: Future Developments - Mastercard is also expanding its debit card offerings, with several banks launching or upgrading their Mastercard debit cards [6]. - The long-term effects of these currency adjustments on market share and consumer behavior remain uncertain, as banks may adopt changes at different paces [9].

Core Viewpoint - Recent changes in credit card foreign currency transactions by several banks, including China Merchants Bank and Ping An Bank, have shifted from USD to RMB for cross-border transactions, potentially reducing currency exchange friction costs and enhancing card usage willingness [1][2]. Group 1: Credit Card Currency Upgrade - China Merchants Bank announced that starting October 28, 2025, certain Mastercard credit card cross-border transactions will switch from USD to RMB, streamlining the currency conversion process [2]. - Ping An Bank will also support RMB for foreign currency transactions starting September 25, allowing customers to choose between RMB and USD for their transactions [2]. - This upgrade primarily affects Mastercard products, including standard, platinum, and world credit cards issued by China Merchants Bank [2][3]. Group 2: Market Dynamics and Competition - The currency upgrade is seen as a response to competitive pressures among card organizations, with Mastercard and American Express having established local operations in China [4][5]. - The upgrade may help expand Mastercard's issuance scale in China, benefiting the initial cooperating banks [6]. - The dual branding of cards in China, such as "Mastercard + UnionPay," is unique and stems from historical market conditions prior to China's WTO accession [6]. Group 3: Industry Challenges - The credit card industry is under pressure, with a reported decline in the total number of credit cards and transaction volumes across major banks [9]. - For instance, China Merchants Bank reported an 8.54% year-on-year decline in credit card transaction amounts [9]. - The currency switch is expected to have minimal immediate impact on consumers, primarily reflecting slight cost adjustments rather than significant benefits [10].

Core Viewpoint - Recent changes in credit card foreign currency transactions by several banks, including China Merchants Bank and Ping An Bank, have shifted from USD to RMB for cross-border transactions, potentially reducing currency exchange friction costs and enhancing card usage willingness [1][3]. Group 1: Currency Upgrade Details - China Merchants Bank announced that starting from October 28, 2025, certain Mastercard credit cards will switch cross-border transaction settlements from USD to RMB, streamlining the process [3]. - Ping An Bank will also support RMB settlements for foreign currency transactions starting September 25, allowing customers to choose between RMB and USD for their transactions [3][5]. - The upgrade primarily affects Mastercard products, including standard, platinum, and world credit cards issued by China Merchants Bank [3]. Group 2: Market Reactions and Implications - Market interpretations of the currency upgrade vary, with some viewing it as a marketing strategy under pressure in the credit card business, while others link it to the internationalization of the RMB [1]. - The upgrade is seen as a response to requirements from card organizations like Mastercard, rather than a purely market-driven initiative [1][5]. - The shift may enhance customer experience and potentially expand the issuance scale of Mastercard in mainland China [7][8]. Group 3: Industry Context and Challenges - The credit card industry is facing challenges, with a reported decline in the number of credit cards and transaction volumes across major banks [11]. - Data from the People's Bank of China indicates a decrease of 6 million credit cards in the second quarter of 2025, marking a continuous decline over 11 quarters [11]. - Major banks, including China Merchants Bank and CITIC Bank, reported year-on-year declines in credit card consumption, contributing to pressure on fee income from card services [11]. Group 4: Competitive Landscape - The competition among card organizations is highlighted, with Mastercard and American Express having established local operations in China, while UnionPay remains a dominant player [7]. - The currency upgrade may influence market share dynamics among card organizations, although the immediate impact on consumer experience is considered limited [12].

2025年9月17日，广东经济科教频道联合平安银行广州分行等多家单位走进华南理工大学附属实验学校，以"保障金融权益 助力 美好生活"为主题，开展"平安守护，美好童行"2025年广东省第九节成长课进校园活动。本次活动由广东省教育厅、广东省司法 厅、国家金融监督管理总局广东监管局、南方财经全媒体集团及广东正和银行业保险业消费者权益保护中心联合指导，广东经 济科教频道、平安银行广州分行主办，广州市教育局、市公安局天河分局协办，华南理工大学及华南理工大学附属实验学校提 供支持。 活动通过"理论+实践" "互动+体验"的创新形式，设置专家讲解、粤语版金融反诈音乐课、青少年金融普法训练营、沉浸式互动 游戏及知识阅读营地五大模块，由平安银行广州分行和华南理工大学金融宣讲团带领学生互动学习，旨在通过生动有趣的教育 方式，提升学生的金融财商、反诈防骗能力、合法维权能力，培养正确的消费观念，护航青少年安全快乐成长。 在活动致辞环节，华南理工大学附属实验学校校长范闽指出金融知识普及对青少年成长的重要性。平安银行广州分行副行长董 国华表示将深化校银合作机制，通过每月定制化课程实现教育常态化。现场特别向学校捐赠了平安银行联合中国法制出 ...

证券之星消息，9月18日股份制银行板块较上一交易日下跌1.85%，招商银行领跌。当日上证指数报收于3831.66，下跌1.15%。深证成指报收于 13075.66，下跌1.06%。股份制银行板块个股涨跌见下表： | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601998 中信银行 | | -1961.87万 | -4.37% | -3772.97万 | -8.41% | 5734.84万 | 12.78% | | 601916 浙商银行 | | -4244.96万 | -7.84% | -1362.44万 | -2.51% | 5607.40万 | 10.35% | | 600015 华夏银行 | | -7599.66万 | -10.44% | 2163.31万 | 2.97% | 5436.35万 | 7.47% | | 600000 浦发银行 | | -1.03亿 | -7.58% | 2639.52万 | 1 ...

金秋送爽，硕果盈香。为响应国家金融监督管理总局北京监管局"2025年金融教育宣传周"活动要求，9 月17日，平安银行北京分行与"守袋3.0"结对共建单位——北京市西城区椿树街道联合举办"秋收计划 ——美好金融生活节"大型公益市集活动。 本次活动以"金秋、丰收、金融知识普及"为主题，通过多元互动场景融汇金融知识普及、法律咨询、就 业服务及文化体验，为市民呈现一场沉浸式、趣味化的金融知识学习盛宴。 市集精心打造三大互动游戏体验专区，将实用的金融知识融入轻松趣味的场景之中，让市民在秋日丰收 的氛围中，不仅体验收获的喜悦，更积累宝贵的金融智慧。"好柿滚滚来"区域以转盘游戏形式，巧妙匹 配不同客群与适配的理财产品，生动传递金融适当性原则；"金秋投投乐"通过投掷互动，帮助市民识别 常见金融风险手段，提示提醒防范非法中介危害；"果实大亨"借鉴经典"大富翁"游戏机制，模拟真实金 融决策场景，引导公众树立理性投资与依法维权理念。一系列寓教于乐的活动，在轻松互动中普及金融 技能，切实提升公众金融素养。 现场特别设置"果果金融小铺"，以巨型苹果和柿子气球营造温馨秋日氛围。来自平安银行北京分行 的"小橙帽"金融消保公益志愿者们与社区 ...

Market Overview - On September 18, the major indices in the A-share market experienced a decline, with the ChiNext Index falling by 1.64%, the Shanghai Composite Index down by 1.15%, and the Shenzhen Component Index decreasing by 1.06% [1] - The total trading volume for the day was 3.17 trillion yuan, compared to 2.4 trillion yuan the previous day [1] Stock Performance - The FTSE China A50 Index futures saw a decline of 1.44%, with over 4,300 stocks in the market experiencing a drop [3] - The banking sector faced a significant downturn, with major banks like Agricultural Bank of China and China Construction Bank dropping over 2% and 1% respectively [5] - Conversely, the robotics sector showed strong performance, with stocks like Shoukai Co. hitting the daily limit for 12 consecutive days [3] Banking Sector Insights - The banking sector has seen a continuous decline, with the AH Index and the China Securities Banking Index both dropping over 13% since July 11 [6] - As of September 17, the dividend yield for the banking AH Index rose to 4.6%, indicating a potential opportunity for investors [8][16] - Several banks have reported shareholder increases, with notable actions from major shareholders like Everbright Group and Zijin Trust [10][11] Dividend Distribution - By September 17, 17 listed banks announced a total dividend of 237.54 billion yuan for the mid-year of 2025, with Industrial and Commercial Bank of China leading with a dividend of 50.396 billion yuan [14][15] - The trend of increasing dividends reflects confidence in the banks' future development and long-term investment value [11] Institutional Investment Trends - Insurance funds have increased their holdings in the banking sector, reaching a position of 28.24% as of the second quarter of 2025, while social security funds also raised their holdings to 51.71% [13] - The banking sector's low valuation and stable dividends continue to attract institutional investors, particularly those seeking steady returns [13][17]

Core Viewpoint - Ping An Bank's stock price has experienced a decline, with a current trading price of 11.40 yuan per share and a market capitalization of 221.23 billion yuan, reflecting a net outflow of funds and a decrease in stock performance over various time frames [1] Group 1: Stock Performance - As of September 18, Ping An Bank's stock price decreased by 2.06%, with a trading volume of 1.374 billion yuan and a turnover rate of 0.61% [1] - Year-to-date, the stock price has increased by 0.55%, but it has declined by 3.80% over the last five trading days, 6.17% over the last twenty days, and 8.14% over the last sixty days [1] Group 2: Financial Performance - For the first half of 2025, Ping An Bank reported a net profit attributable to shareholders of 24.87 billion yuan, a year-on-year decrease of 3.90% [2] - The bank has distributed a total of 60.16 billion yuan in dividends since its A-share listing, with 31.28 billion yuan distributed over the past three years [2] Group 3: Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 12.03% to 443,600, while the average number of circulating shares per person increased by 13.68% to 43,747 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 828 million shares, an increase of 171 million shares from the previous period [2]