券商中国·2025-08-31 07:39Core Viewpoint - The article highlights the significant increase in mid-term dividends announced by various A-share listed banks, reflecting their commitment to returning value to investors amid a strong performance in the banking sector in the first half of the year [1][2]. Summary by Sections Mid-term Dividends Announcement - As of August 30, at least 21 A-share listed banks have announced plans for mid-term dividends for 2025, with 17 banks disclosing specific dividend proposals [2]. - Notably, seven banks, including China Merchants Bank and Changshu Bank, are implementing mid-term dividends for the first time since their listings [2][4]. Dividend Details - The total cash dividend amount from the major state-owned banks (ICBC, ABC, CCB, BOC, CMB, and PSBC) is 204.657 billion yuan [2]. - ICBC leads with a dividend of 1.414 yuan per 10 shares, totaling 50.396 billion yuan [2]. - China Merchants Bank, known as the "King of Retail," has a dividend payout ratio of 35%, amounting to 26.226 billion yuan [2][5]. - Other banks like CITIC Bank and Ping An Bank have also confirmed their mid-term dividends, with CITIC Bank's total reaching 10.46 billion yuan and a payout ratio of 30.7% [2]. Implications of Mid-term Dividends - The implementation of mid-term dividends is seen as a response to the new "National Nine Articles" and related requirements from the China Securities Regulatory Commission, aimed at enhancing investor confidence and stabilizing stock prices [5]. - Experts emphasize that while increasing the frequency of dividends is beneficial, the focus should be on maintaining a balance between short-term payouts and long-term growth [5]. Market Outlook - Analysts from CITIC Securities note that the banking sector is experiencing a gradual improvement in performance, with expectations for continued positive trends in subsequent quarters [6]. - The sector is undergoing a net asset revaluation process, and while there is potential for recovery, the market may experience volatility without sustained inflows of investment funds [6].