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的內容概不負責，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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 POSTAL SAVINGS BANK OF CHINA CO., LTD. 而正確的事」，堅定走「長期主義」道路，為本行持續打造「值得信賴的好銀行」 作出卓越貢獻。本行董事會對劉建軍先生表示衷心感謝！ 在新任行長、董事會社會責任與消費者權益保護委員會主席正式履職前，本行 董事會指定姚紅女士（執行董事、副行長、首席風險官）代為履行行長、董事會 社會責任與消費者權益保護委員會主席職務。 承董事會命 1658 關於執行董事及行長離任的公告 中國郵政儲蓄銀行股份有限公司（「本行」）董事會（「董事會」）收到劉建軍先生 的辭職報告。劉建軍先生因達到法定退休年齡，辭去本行執行董事、行長、董 事會社會責任與消費者權益保護委員會主席及委員、董事會戰略規劃委員會委 員及董事會提名和薪酬委員會委員職務。劉建軍先生的辭任自2025年12月26 日起生效。 劉建軍先生已確認其與董事會無不同意見，亦無就其離任需要通知本行股東及 ...

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的內容概不負責，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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 POSTAL SAVINGS BANK OF CHINA CO., LTD. 1658 海外監管公告 董事會決議公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10(B)條作出。如下公 告已於上海證券交易所網站刊登，僅供參閱。 特此公告。 承董事會命 中國郵政儲蓄銀行股份有限公司 杜春野 聯席公司秘書 中國，北京 2025年12月26日 於本公告日期，本行董事會包括董事長及非執行董事鄭國雨先生；執行董事姚紅女士；非執行 董事劉新安先生、張宣波先生、劉瑞鋼先生、胡宇霆先生、丁向明先生及余明雄先生；獨立非 執行董事溫鐵軍先生、鍾瑞明先生、潘英麗女士、唐志宏先生、洪小源先生及楊勇先生。 一、关于提名芦苇先生为中国邮政储蓄银行执行董事候选人的 议案 本行董事会提名和薪酬委员会已审核芦苇先生的任职资格及条 件，同意提交董事会审议。 议案表决情况：有效表决票 14 票，同意 14 票，反对 0 票， ...

Core Viewpoint - The mid-term dividend distribution among listed banks is progressing steadily, with half of the banks having completed their 2025 mid-year dividend payouts, characterized by an earlier distribution schedule and an increase in dividend rates [1] Group 1: State-owned Banks - The five major state-owned banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications, successfully completed their mid-term dividend payouts in December, distributing a total of 189.885 billion yuan to shareholders [3] - Bank of Communications announced a cash dividend of 0.1563 yuan per share (including tax) on December 25, totaling 13.811 billion yuan [3] - Industrial and Commercial Bank of China and Agricultural Bank of China initiated their mid-term dividends on December 15, with Industrial Bank distributing 0.1414 yuan per share (approximately 50.396 billion yuan) and Agricultural Bank distributing 0.1195 yuan per share (approximately 41.823 billion yuan) [3] - China Construction Bank and Bank of China completed their payouts on December 11, with China Construction Bank distributing 0.1858 yuan per share (approximately 48.605 billion yuan) and Bank of China distributing 0.1094 yuan per share (approximately 35.250 billion yuan) [3] Group 2: Joint-stock and City Commercial Banks - Among the A-share joint-stock banks that have implemented mid-term dividends, CITIC Bank, Minsheng Bank, and Ping An Bank completed their payouts in August 2025, with total cash dividends of 10.461 billion yuan, 5.954 billion yuan, and 4.580 billion yuan respectively [4] - Additionally, 13 A-share listed city commercial banks and rural commercial banks completed their mid-term dividends for 2025, including Shanghai Bank and Nanjing Bank, with a total distribution exceeding 18.5 billion yuan [4] - According to Guotai Junan Securities, the dividend rates for most banks that have disclosed their plans for 2025 mid-term dividends are consistent with those of 2024, while six banks, including Suzhou, Minsheng, Shanghai, Hangzhou, Huaxia, and CITIC, have increased their rates by 0.9 to 4.5 percentage points compared to 2024 [4] Group 3: Upcoming Dividend Plans - Postal Savings Bank plans to distribute 1.230 yuan (including tax) for every 10 ordinary shares, totaling approximately 14.8 billion yuan [4] - Industrial Bank intends to distribute 5.65 yuan (including tax) for every 10 shares, amounting to 11.957 billion yuan [4] - China Merchants Bank has confirmed that its mid-term cash dividend distribution will occur between January and February 2026, with a distribution ratio of 35% [4]

Core Viewpoint - The choice of bank for three-year fixed deposits among China Construction Bank (CCB), Postal Savings Bank (PSB), and rural commercial banks (RCBs) depends on individual preferences for safety and yield, with RCBs currently offering the highest interest rates [1] Interest Rates Comparison - CCB and PSB both offer a three-year fixed deposit interest rate of 1.25%, resulting in a total interest income of 3,750 yuan for a deposit of 100,000 yuan over three years [4] - PSB provides an upgraded interest rate of 1.55% for deposits of 50,000 yuan or more, yielding 4,650 yuan for a 100,000 yuan deposit over three years, which is 900 yuan more than CCB [4] - Some RCBs offer a three-year fixed deposit interest rate of 1.70% and a rate of 1.75% for large deposits, leading to an interest income of 5,100 yuan for a 100,000 yuan deposit, which is 1,350 yuan more than CCB [6] Safety Considerations - The safety of deposits in CCB and PSB is significantly higher than that of RCBs, as they are part of the six major state-owned banks [6] - It is crucial for depositors to ensure that the RCB they choose participates in deposit insurance, which provides compensation in case of bank failure [8] - Depositors should limit their total deposits and interest in any RCB to 500,000 yuan to ensure full compensation in the event of a bank collapse [8] Alternative Investment Options - The current interest rates for three-year government bonds are 1.85% and 1.90% for five-year bonds, which exceed the rates offered by most three-year fixed deposits [8] - Government bonds also allow for interest calculation based on the nearest fixed deposit rate, providing flexibility for depositors who may need to access their funds early [8] Conclusion - RCBs offer the highest interest rates for three-year fixed deposits, but their safety is lower compared to CCB and PSB. Depositors should consider their risk tolerance and whether the RCB participates in deposit insurance before making a decision [10]

Core Viewpoint - The article discusses the recent trend of mid-term dividends among listed banks in China, highlighting the significant cash distributions made by state-owned banks and the increasing participation of smaller banks in dividend payouts [1][2][3]. Group 1: Mid-term Dividends Overview - As of December 26, 21 A-share listed banks have implemented mid-term dividends, totaling nearly 230 billion yuan, with an observed trend of earlier dividend announcements and increased payout ratios [2]. - State-owned banks are the primary contributors to mid-term dividends, with five major banks distributing a total of approximately 189.89 billion yuan in cash dividends [3]. - The Agricultural Bank of China and Industrial and Commercial Bank of China led the mid-term dividend payouts, with 41.82 billion yuan and 50.40 billion yuan respectively [3]. Group 2: Participation of Smaller Banks - More small and medium-sized banks are joining the mid-term dividend trend, with 13 local listed banks announcing their plans, collectively distributing over 18.5 billion yuan [6]. - Qilu Bank and Zijin Bank have recently disclosed their mid-term dividend plans, with Qilu Bank proposing a payout of 0.121 yuan per share, totaling 745 million yuan [6]. - The trend indicates that many banks are maintaining or increasing their dividend payout ratios compared to the previous year, with some banks showing increases of 0.9% to 4.5% [6]. Group 3: Future Dividend Plans - Postal Savings Bank has outlined a clear plan for mid-term dividends, proposing a payout of 1.23 yuan per 10 shares, amounting to approximately 14.8 billion yuan, which represents 30% of its net profit [4]. - China Merchants Bank has indicated that its mid-term cash dividend distribution will occur between January and February 2026, with a proposed payout ratio of 35% [6]. - Several other banks, including Industrial Bank and Everbright Bank, have also announced their mid-term dividend plans, with payout ratios exceeding 25% [5].

2025年以来，A股上市公司定增较往年更加活跃，不仅规模回升，而且收益喜人。 截至12月25日，A股今年已有164家上市公司已实施定向增发，募资总额为9593.81亿元。相比于2024年 全年，2025年定增募资额大涨454.4% 目前，定增项目审核通过率达到100%，而且近九成项目浮盈。从审核速度上来看，全年审核效率不断 加快，至7月审批通过数量已超过去年全年。"并购六条"政策推动下，2025年并购重组配套融资占比大 幅提升，已成为定增市场重要一环。 需要注意的是，今年定增规模大爆发与国有银行巨额定增有关。4家国有银行完成合计5200亿元定增， 占据了今年定增募资额的半壁江山。 规模涨454% 最近五年内，增发融资规模仅在在2021年达到峰值，为9133.06亿元，随后持续下滑。去年实行增发的 公司达到145家，但融资金额仅为1730.52亿元，创下2018年以来新低。而2025年定增募资总额超过9500 亿元，再度逼近万亿元大关。 至6月末，四家银行已完成合计5200亿元定增，其中，中国银行募资1650亿元，邮储银行募资1300亿 元，交通银行募资1200亿元，建设银行募资1050亿元。 东方财富Choi ...

Group 1 - The board of China Postal Savings Bank has approved the appointment of Lu Wei as the new president, pending approval from the National Financial Regulatory Administration [1] - Before Lu Wei's appointment, the board designated Yao Hong, the executive director, vice president, and chief risk officer, to act as president and chair of the board's social responsibility and consumer rights protection committee [2] - Yang Xilin has been appointed as the financial market director of China Postal Savings Bank [3]

Core Viewpoint - The trend of integrating credit card apps into main banking apps is gaining momentum among Chinese banks, with Postal Savings Bank being the second state-owned bank to announce the closure of its independent credit card app, following Bank of China [1][3][4]. Group 1: Bank Actions - Postal Savings Bank announced the integration of its "Postal Credit Card App" services into the "Postal Bank App," ceasing the use of the independent app [3]. - Bank of China previously announced a similar move, planning to migrate services from its "Bountiful Life" app to the main "Bank of China" app [3]. - Over the past two years, more than ten banks, including Beijing Rural Commercial Bank and Shanghai Rural Commercial Bank, have also closed or merged their credit card app services [3]. Group 2: Market Trends - Experts indicate that the closure of independent credit card apps reflects a broader trend in the banking industry aimed at reducing costs and improving efficiency [4][8]. - The integration of apps is seen as a response to the declining profitability and operational costs associated with maintaining separate credit card apps [4][8]. - The digital transformation in banking is shifting focus from standalone functionalities to a more integrated and user-friendly experience through main banking apps [6]. Group 3: Strategic Considerations - Different types of banks have varying motivations for app integration; state-owned banks focus on creating a unified ecosystem, while joint-stock banks aim for differentiated competitive advantages [7]. - Smaller banks prioritize efficiency and survival, using app integration primarily to reduce costs and enhance local service offerings [7]. - The operational burden of maintaining multiple apps, including development and maintenance costs, is a significant factor driving this trend [8]. Group 4: Future Outlook - The future of credit card services may not be limited to main banking apps, as new service formats like mini-programs and embedded lifestyle platforms could emerge [8]. - Banks are encouraged to strengthen their "one bank" digital strategy, enhancing online integration based on business characteristics and user preferences to improve user experience [8].

下一步，双方将在企业资源对接、科技产业研究、数据价值挖掘、基础服务协同、创新金融工具应用等 重点领域开展深度合作，共同破解科技企业融资难题，畅通"科技－产业－金融"良性循环，为首都建设 国际科技创新中心贡献金融力量。 资讯 近年来，邮储银行北京分行积极贯彻中央"金融五篇大文章"相关要求，将科技金融作为服务实体经济、 推动产业升级的重要抓手。该行依托广泛的网点覆盖、雄厚的资金实力与扎实的客群基础，持续聚焦传 统产业升级与战略性新兴产业发展，不断提升科技金融服务能力。通过举办新质创富大赛、企业家私享 会、银企早餐会等活动，着力构建"银、政、企、研、投、用"协同联动的金融服务生态，打造科技金融 特色品牌。 北京股权交易中心作为区域性股权市场运营平台，构建了以"专精特新专板"和"大学生创业板"为特色载 体，集企业培育孵化、股权登记托管等功能于一体的"两板块一直通三赋能"综合服务体系。目前已吸引 专板企业千余家，成为培育首都创新型中小企业、促进科技成果转化的重要平台。 12月25日，邮储银行（601658）北京分行与北京股权交易中心在北京邮储大厦（副中心）成功举行战略 合作协议签约仪式。此次签约标志着双方正式建立全面战 ...

Core Viewpoint - The recent establishment of equity investment funds initiated by bank-affiliated financial asset investment companies (AIC) is driven by multiple factors, including the expansion of AIC's initiating entities from state-owned banks to national joint-stock banks, and the provision of more quality investment opportunities through pilot expansions [1] Group 1: AIC Fund Establishment and Characteristics - AIC equity investment funds are characterized by large amounts, long cycles, strong professional research capabilities, and high risk tolerance, making them typical "patient capital" focused on early-stage, small, and hard technology investments [1] - The first provincial AIC equity investment fund in Guangdong, with a total scale of 10 billion yuan and an initial scale of 2 billion yuan, focuses on the entire industrial chain of artificial intelligence and robotics [2] - The Nanjing AIC pilot fund, with a scale of 1 billion yuan, participated in a D-round financing for a communication company, showcasing the application of patient capital [2] - The first AIC mother fund in Shenzhen has a scale of 7 billion yuan and targets industries related to the "20+8" industrial cluster, including digital economy and high-end manufacturing [3] Group 2: Expansion of AIC Initiating Entities - As of 2025, the initiating entities of AIC have expanded from the first batch of state-owned banks to include national joint-stock banks, with several banks announcing plans to establish AICs with significant capital contributions [4][5] - The expansion of AIC initiating entities is a policy-level adjustment to adapt to a diversified market, with considerations for capital adequacy and risk tolerance of regional banks [5] Group 3: Regulatory Support and Optimization - The regulatory environment for AIC has been relaxed, allowing for broader investment scopes and increased limits on investment amounts and ratios [6][7] - AICs are now encouraged to engage in equity investments without the primary goal of debt-to-equity swaps, marking a shift in their operational focus [6] - The regulatory framework emphasizes the need for AICs to enhance risk management capabilities and optimize internal management processes [7] Group 4: Strategic Recommendations for AIC - AICs are advised to adopt a "loan-equity linkage" model to mitigate risks associated with high-risk, long-cycle investments, utilizing structured designs to distribute risks [8] - Collaboration between AICs and their parent banks should evolve from merely being a "funding channel" to "ecosystem co-construction," enhancing product innovation and organizational synergy [8]