Jin Rong Shi Bao·2025-11-19 08:56Core Viewpoint - The banking sector in China is experiencing a mid-term dividend distribution wave, with numerous listed banks announcing substantial cash dividends to reward investors, reflecting a broader trend of increasing shareholder returns across the industry [1][2][5]. Group 1: Dividend Announcements - Hangzhou Bank announced a cash dividend of 0.38 yuan per share, totaling 27.55 billion yuan, marking a year-on-year increase of 24.10% [1]. - As of mid-November, ten listed banks, including Ping An Bank, Minsheng Bank, and Shanghai Bank, have already distributed mid-term dividends [2]. - China’s six major state-owned banks are set to distribute over 204.65 billion yuan in mid-term dividends, with individual banks like China Bank and Construction Bank planning to hold shareholder meetings to approve their dividend proposals [3]. Group 2: Industry Trends - A total of 24 A-share listed banks have disclosed their mid-term dividend plans, with the total cash dividend amount reaching 263.79 billion yuan [3]. - Several banks, including Industrial Bank and Changsha Bank, are implementing mid-term dividends for the first time since their listings [3]. - The trend of increasing mid-term dividends is seen as a response to regulatory encouragement for companies to enhance shareholder returns [5]. Group 3: Market Impact - The mid-term dividend distribution has led to a surge in bank stock prices, with the Shenwan Bank Index rising by 7.7% from October 14 to November 14 [7]. - Major banks have seen significant stock price increases, with Industrial Bank and Agricultural Bank experiencing gains of 13.5% and 23.0%, respectively [7]. - The early timing of dividend distributions this year compared to last year is expected to sustain the upward momentum in bank stocks until the end of November [6][7].