1月银票承兑市场分析：仅国有大行增长

Overall Situation of Bank Acceptance Bills - As of the end of January 2026, the total acceptance balance of bank bills among the top 100 banks is 16.95 trillion yuan, a decrease of 237.9 billion yuan compared to the end of the previous year, representing a decline of 1.4% [1][8] - The state-owned banks are the only category to show growth in acceptance balance, increasing by 1.8% to 5.93 trillion yuan, while other bank types experienced negative growth [2][9] - The share of state-owned banks, joint-stock banks, city commercial banks, and rural commercial banks in the acceptance balance is 93%, with rural commercial banks having a relatively low proportion [1][8] Changes by Bank Type - In January 2026, the acceptance balance for joint-stock banks decreased by 3.4%, city commercial banks by 2.1%, and rural commercial banks by 6.0% [8][9] - The state-owned banks' acceptance balance increased by 107.3 billion yuan month-on-month, while joint-stock banks saw a decrease of 238 billion yuan [2][11] Major Banks' Acceptance Situation - Among banks with an acceptance balance exceeding 60 billion yuan, there are 33 banks, with a total acceptance balance of 14.82 trillion yuan, down 183.8 billion yuan from the previous month, a decline of 1.2% [4][11] - Agricultural Bank, Bank of China, and Industrial and Commercial Bank rank as the top three banks in acceptance balance, with Agricultural Bank showing a growth of 5.5% to 1.818 trillion yuan [4][12] - The ranking of major banks indicates that Agricultural Bank remains the leader, followed by Bank of China and Industrial and Commercial Bank, with the latter experiencing a decline of 2.3% [5][12] Performance of Joint-Stock and City Commercial Banks - Most joint-stock banks have seen a decline in acceptance balance, with notable decreases in banks like Shanghai Pudong Development Bank and Ping An Bank, while only Guangfa Bank and Bohai Bank showed slight growth [6][14] - City commercial banks exhibit significant variability, with major banks like Beijing, Jiangsu, Shanghai, and Tianjin experiencing substantial declines, while Nanjing and Guangxi Beibu Bay banks showed growth [7][14]