Jin Rong Shi Bao·2025-08-30 10:06Core Viewpoint - The six major state-owned banks in China announced their mid-year dividend plans for 2025, with a total cash dividend amounting to 204.657 billion yuan, reflecting a strong performance in revenue growth and shareholder returns [1][2]. Group 1: Dividend Plans - Industrial and Commercial Bank of China (ICBC) plans to distribute 1.414 yuan per 10 shares, totaling approximately 50.396 billion yuan, leading the dividend payouts among listed banks [1][4]. - Agricultural Bank of China (ABC) proposes a dividend of 1.195 yuan per 10 shares, amounting to 41.823 billion yuan, maintaining a payout ratio of 30% of its net profit [4]. - Bank of China (BOC) suggests a dividend of 1.094 yuan per 10 shares, with a total of 35.25 billion yuan, also keeping a 30% payout ratio [4]. - China Construction Bank (CCB) intends to distribute 1.858 yuan per 10 shares, totaling about 48.605 billion yuan, with a payout ratio of 30% [4]. - Bank of Communications (BoCom) plans to distribute 1.563 yuan per 10 shares, amounting to 13.811 billion yuan [4]. - Postal Savings Bank of China (PSBC) proposes a dividend of 1.230 yuan per 10 shares, totaling approximately 14.772 billion yuan, maintaining a stable payout ratio of 30% [5]. Group 2: Market Performance - As of August 29, 2023, the stock prices of listed banks have generally reached new highs this year, followed by some fluctuations [2][3]. - The Shanghai Composite Index rose by 0.37% to 3857.93 points on the last trading day of August, with a cumulative increase of 7.97% for the month [2]. - The stock performance of major banks includes ICBC up 11.18%, ABC up 37.37%, BOC up 4.65%, CCB up 7.20%, BoCom down 1.55%, and PSBC up 11.56% [2]. Group 3: Economic Context - The market sentiment has improved due to favorable factors such as policies aimed at reducing competition and expectations of economic recovery [3]. - The banking sector is experiencing reduced operational pressure due to a slowdown in interest margin decline, enhancing its attractiveness to medium- and long-term funds [3].