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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 00939 董事會會議決議公告 （2025年7月17日） 中國建設銀行股份有限公司（「本行」）董事會會議（「本次會議」）於2025年7月17日在 北京以現場會議方式召開。本行於2025年7月10日以書面形式發出本次會議通知。 本次會議由張金良董事長主持，應出席董事10名，實際親自出席董事10名。本次 會議的召開符合《中華人民共和國公司法》《中國建設銀行股份有限公司章程》（「《公 司章程》」）等規定。 本次會議審議通過《關於聘任雷鳴先生擔任本行副行長的議案》。 表決情況：同意10票，反對0票，棄權0票。 本項議案已經本行董事會提名與薪酬委員會審核通過。 獨立非執行董事認為雷鳴先生符合相關法律法規和《公司章程》規定的高級管理人 員任職資格和條件，同意本項議案。 雷鳴先生符合相關法律法規和《公司章程》規定的高級管理人員任職資格和條件， 本次會議同意聘任雷鳴先生擔任本行副行長。雷鳴先生擔任本行副行長需待國家 金 ...

Core Viewpoint - The activities organized by China Construction Bank's Shandong branch aim to enhance public awareness of financial safety and prevent illegal financial activities through various innovative methods and community engagement [1][3][15]. Group 1: Activity Overview - The "Zhang Fuqing Financial Service Team" conducted financial safety education activities in various provincial departments, utilizing interactive formats like skits and case analyses to engage participants [1][3]. - The campaign is part of the 2025 Financial Knowledge Popularization Month, focusing on themes such as protecting key demographics and safeguarding property [1][3][15]. - A total of 799 branches participated in the campaign, with activities including online and offline education, reaching approximately 326,300 participants [15]. Group 2: Educational Methods - The bank employed a variety of educational tools, including LED displays, electronic posters, and interactive workshops to disseminate financial knowledge [3][5]. - The use of immersive education techniques, such as original skits, helped to illustrate the risks of illegal financial activities, particularly targeting vulnerable groups like the elderly [6][12]. - Tailored educational programs were developed for specific demographics, including the visually impaired and students, to address their unique financial knowledge needs [7][9]. Group 3: Community Engagement - The bank actively engaged with local communities by setting up informational booths and conducting seminars in high-traffic areas, thereby increasing outreach and awareness [5][6]. - Partnerships with organizations, such as the Blind Association, facilitated targeted financial education for visually impaired individuals [7]. - The bank's initiatives included a focus on protecting consumer rights and promoting financial literacy among various community groups [10][12]. Group 4: Compliance and Integrity - The Shandong branch emphasized the importance of compliance with financial regulations and consumer protection mechanisms, aligning with national directives [3][10]. - Staff training on financial product knowledge and ethical sales practices was reinforced to ensure adherence to appropriate conduct in financial services [10][16]. - The bank's commitment to integrity was highlighted through campaigns promoting honest financial practices and educating the public about the dangers of fraudulent activities [12][13].

南向资金今日净买入16.03亿元。港股通（沪）方面，建设银行、美团-W分别获净买入7.59亿港元、 4.98亿港元；阿里巴巴-W净卖出额居首，金额为3.43亿港元；港股通（深）方面，美团-W、阿里巴巴- W分别获净买入3.59亿港元、3.14亿港元；腾讯控股净卖出额居首，金额为14.64亿港元。 ...

Core Insights - Construction Bank has adjusted its deposit rates, leading to discussions among depositors about wealth preservation strategies in a low-interest environment [2][4] - The new rates show a decline across all deposit terms, with significant reductions in three-year large certificates of deposit [4][7] Deposit Rate Adjustments - The three-year large certificate of deposit rate has decreased by 35 basis points compared to the same period last year, falling below 1.5% [4] - Current deposit rates are as follows: - Demand deposits: 0.05% (annual interest of only 100 yuan for 200,000 yuan) - Regular time deposits: - 3 months: 0.65% (325 yuan) - 6 months: 0.85% (850 yuan) - 1 year: 0.95% (1900 yuan) - 2 years: 1.05% (4200 yuan) - 3 years: 1.25% (7500 yuan) - 5 years: 1.3% (13000 yuan) - Large certificates of deposit (starting from 200,000 yuan): - 1 year: 1.2% (2400 yuan) - 3 years: 1.55% (9300 yuan) [4] Deposit Strategy Analysis - **Liquidity Priority Plan**: Dividing 200,000 yuan into smaller time deposits (5,000 yuan each for 3 months, 6 months, 1 year, and 2 years) yields an estimated total return of 2275 yuan, allowing for flexibility but risking reduced returns if funds are withdrawn early [5] - **Maximizing Returns Plan**: Investing the entire 200,000 yuan into a three-year large certificate of deposit results in a total return of 9300 yuan, averaging 3100 yuan per year, but carries high risk if funds are withdrawn early [6] - **Laddered Combination Plan**: Allocating 200,000 yuan into different terms (5,000 yuan for 1 year, 100,000 yuan for 3 years, and 5,000 yuan for 5 years) is expected to yield 7475 yuan, balancing liquidity and long-term returns [8] Investment Strategies in Low-Interest Environment - Diversification is crucial as relying solely on bank deposits is insufficient for achieving ideal returns in a declining interest rate cycle [9] - Options include: - Large certificates of deposit: Caution is advised due to product scarcity and interest rate inversion risks [9] - Deposits in small and medium banks: Higher yields come with increased risks, including credit risk [9] - Alternative investments: Government bonds offer higher rates than large certificates of deposit, while money market funds provide good liquidity [9] Common Questions Addressed - Longer deposit terms do not always guarantee higher interest rates, as seen with the minimal difference between three-year and five-year rates [9] - Early withdrawals are calculated at demand deposit rates [10] - The value of large certificates of deposit compared to regular time deposits depends on individual financial plans [11] Conclusion - In a low-interest environment, the potential returns on a principal of 200,000 yuan are limited, necessitating careful selection of deposit strategies and exploration of diversified investment options [12]

Group 1 - The core index of the Chinese Hong Kong Mainland Index (CESHKM) increased by 0.43% to 6604.99 points, with a trading volume of 53.531 billion [1] - Over the past month, the CESHKM index has decreased by 2.37%, while it has increased by 10.92% over the last three months and 17.50% year-to-date [1] - The CESHKM index is part of a series of indices that reflect the overall performance of large and mid-cap securities listed in Shanghai, Shenzhen, and Hong Kong, with a base date of December 31, 2004, and a base point of 2000.0 [1] Group 2 - The top ten holdings of the CESHKM index include Tencent Holdings (9.73%), Alibaba-W (9.12%), Xiaomi Group-W (8.81%), and others, indicating a concentration in major tech and financial companies [1] - The market sector distribution of the CESHKM index shows that consumer discretionary accounts for 30.51%, financials for 23.22%, and communication services for 21.79%, highlighting the index's exposure to these sectors [2] - The index's sample holdings also include smaller allocations to information technology (11.41%), energy (5.90%), healthcare (2.64%), and real estate (2.46%), among others [2]

Group 1 - The A-share market has shown strong upward momentum, with the Shanghai Composite Index breaking through the 3500-point mark and trading volume exceeding 1.7 trillion yuan [2] - The financial sector has led the market rally, supported by a surge in short-term capital chasing high-performing stocks as semi-annual earnings forecasts are released [2] - Institutions suggest that investors should shift from a trading strategy to a holding strategy in light of the market's transition from a stock-based to an incremental market [4][5] Group 2 - Positive factors for the A-share market continue to accumulate, with strong risk appetite reflected in trading behavior and capital flows [3] - The market is increasingly focusing on fundamental factors rather than external disturbances, indicating a shift in pricing dynamics [3] - The strong upward trend in the A-share market is expected to continue, with significant conditions for a major rally accumulating [3] Group 3 - The market has seen a shift from net outflows to net inflows in actively managed public funds since June, marking a reversal in the trend of capital withdrawal [4] - Different sectors, including non-ferrous metals, telecommunications, and gaming, have shown synchronized upward movement, indicating the presence of incremental capital across various funding entities [5] Group 4 - The performance of semi-annual earnings is crucial for trading strategies, with sectors like TMT (Technology, Media, and Telecommunications) expected to perform well [6] - High-growth industries such as automotive parts, automation equipment, and consumer goods are recommended for investment, alongside sectors with improving performance like precious metals and pharmaceuticals [6] - Predictions indicate that industries such as light industry, non-ferrous metals, and non-bank financials may experience high growth rates in their semi-annual earnings [6]

Core Viewpoint - Fujian province is actively promoting high-quality development of its marine economy, leveraging its extensive coastline and marine resources, with a focus on sectors such as offshore wind power, marine tourism, and marine ranching [1][2]. Group 1: Marine Economy Development - Fujian has a coastline of 3,752 kilometers and a marine area of 136,000 square kilometers, positioning it as a key player in the marine economy [1]. - The Construction Bank of Fujian has prioritized support for the marine economy, launching the "Ten Marine Policies" to provide specialized financial services [1]. - The bank has issued nearly 150 billion yuan in loans related to the marine economy [1]. Group 2: Offshore Wind Power Initiatives - The second phase of the Liuao offshore wind farm in Zhangpu County is the first project in China to use domestically produced 16 MW offshore wind turbines in bulk [2]. - This project combines wind power generation with marine ranching, promoting a dual development model that enhances both clean energy and high-quality seafood production [2]. - The Construction Bank of Fujian has tailored comprehensive financial solutions for this project, including carbon reduction loans and financing leases [2]. Group 3: Port and Shipping Developments - The Meizhou Bay coal terminal has become the first "four-star" green port in Fujian, supported by over 140 million yuan in loans from the Construction Bank of Fujian [3]. - Fujian now has 208 berths capable of accommodating large vessels, enhancing its role as a significant economic hub [3]. - The bank collaborates with Fujian Port Group to facilitate project financing and support the development of green shipping initiatives [3]. Group 4: Marine Tourism Growth - Fujian's diverse islands are becoming popular tourist destinations, driving the "island tourism" trend [4]. - The Construction Bank of Fujian is enhancing cooperation with government and enterprises to support the development of coastal tourism through innovative financial products [4]. - The bank is promoting financing solutions for infrastructure projects that connect tourist sites, such as railways and highways [4]. Group 5: Digital Financial Services in Tourism - The bank is leveraging financial technology to support smart tourism projects and enhance operational capabilities for local businesses [5]. - Initiatives include cash management, smart payment solutions, and tailored financing products for marine tourism-related enterprises [5]. - The bank is actively promoting consumer spending in the tourism sector through various promotional campaigns and financing options [5].

Core Viewpoint - The China Construction Bank Credit Card Center actively participates in the "National Anti-Fraud Action" campaign, emphasizing the importance of fraud prevention as a fundamental responsibility and integrating it into new financial practices [1] Group 1: Risk Prevention and Control - The bank leverages financial technology to enhance its risk prevention system, focusing on a comprehensive monitoring framework that includes pre-detection, real-time interception, and post-analysis of gambling and fraud risks [2] - The bank has improved its monitoring models to adapt to new trends and methods in fraud, significantly increasing the foresight and precision of its prevention efforts [2] - Collaboration with law enforcement is emphasized to effectively freeze suspicious funds and manage accounts under judicial control, fostering a robust anti-fraud financial defense [2] Group 2: Public Awareness and Education - The bank utilizes new media platforms to disseminate anti-fraud information, sharing warnings and educational content to raise public awareness [3] - Engaging in community outreach, the bank conducts targeted educational campaigns in various settings, including neighborhoods and businesses, to inform vulnerable groups about common fraud schemes [4] - The bank's initiatives include creating accessible educational materials and interactive activities to enhance understanding of financial safety among the public [4] Group 3: Commitment to Financial Security - The bank views anti-fraud efforts as a lifelong commitment to safeguarding financial security and protecting public interests, aligning with its responsibilities as a state-owned enterprise [4] - The bank aims to continuously improve its technological capabilities in fraud prevention and education, collaborating with various sectors to strengthen the financial ecosystem [4]

Group 1: Stock Market Activity - Net purchases included China Construction Bank at 587 million HKD, Alibaba-W at 572 million HKD, Meituan-W at 485 million HKD, and Derlin Holdings at 355 million HKD; net sales included Tencent Holdings at 729 million HKD, Xiaomi Group-W at 378 million HKD, and Sunac China at 141 million HKD [1] - Southbound funds have continuously net purchased SMIC for 15 days, totaling 9.42536 billion HKD; China Construction Bank for 6 days, totaling 2.34321 billion HKD; Meituan for 4 days, totaling 3.41627 billion HKD; and Alibaba for 4 days, totaling 3.28283 billion HKD [1] Group 2: Individual Stock Performance - Guotai Junan International saw a price increase of 10.2% with a net purchase of 20 million HKD and a transaction volume of 10.399 billion HKD [3] - Yisou Technology experienced a price increase of 19.9% with a net sale of 5 million HKD and a transaction volume of 5.684 billion HKD [3] - Derlin Holdings had a price increase of 18.4% with a net purchase of 321 million HKD and a transaction volume of 3.580 billion HKD [3] - Alibaba-W had a slight price increase of 0.3% with a net purchase of 770 million HKD and a transaction volume of 2.826 billion HKD [3] - China Construction Bank had a price increase of 3.2% with a net purchase of 588 million HKD and a transaction volume of 2.531 billion HKD [3] Group 3: Corporate Announcements - Alibaba announced the completion of a private placement of zero-coupon exchangeable bonds totaling 12.023 billion HKD, maturing in 2032, which will not generate periodic interest [4] - Derlin Holdings plans to tokenize assets valued at up to 500 million HKD, including rights to properties in Hong Kong, using blockchain technology for compliance and distribution to eligible shareholders and users [4] Group 4: Banking Industry Insights - The banking industry in China is transitioning from a "de-financialization, market-oriented" model to a new model characterized by "weak cycles," with expectations of slower interest margin declines compared to risk-free rates [5] - The asset quality is showing weak cyclical characteristics, benefiting from enhanced fiscal and banking connections, and the strong sustainability of bank dividend yields [5]

7月10日港股市场，北水成交净买入29.02亿港元，其中港股通(沪)成交净买入15.79亿港元，港股通(深) 成交净买入13.23亿港元。 北水净买入最多的个股是建设银行（601939）(00939)、阿里巴巴-W(09988)、美团-W(03690)。北水净 卖出最多的个股是腾讯(00700)、小米集团-W(01810)、融创中国(01918)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 国泰君安 ... HK 01788 | 52.10 乙 | 51.90亿 | 103.99 亿 +1985.42万 | | 宜搜科技 | | | 56.84 乙 | | HK 02550 | 28.40亿 | 28.44亿 | -476.57万 | | 巨星传奇 | 25.32 乙 | | 50.05亿 | | HK 06683 | | | 24.73亿 +5889.94万 | | 德林控股 | 19.51 乙 | 16.29 乙 | 35.80亿 | | HK 01709 | | | +3.21 乙 | | 阿里巴巴-W | ...