智能合约应用前景广阔 此前，商务部等9单位印发的《2026"乐购新春"春节特别活动方案》明确提出，鼓励金融机构与重点商 户合作，策划春节专属活动，推出消费红包、消费立减等优惠，扩大活动覆盖面。结合地方促消费活 动，推出支付满减、积分抵现等优惠措施，鼓励使用数字人民币智能合约消费红包。 多家银行因地制宜开展数字人民币惠民活动。例如，交通银行（601328）苏州分行春节期间开展"数字 人民币月享节"活动，覆盖整个春节假期。用户在支付宝App搜索"数币节"，可抢交通银行16元消费券 包，在支付宝、淘宝、盒马、飞猪旅行等平台使用交通银行数字人民币钱包支付可享受满减优惠。同 时，在京东商城、美团、哈罗等平台使用交通银行数字人民币钱包支付，还可享受新户红包、随机立 减、1分钱低碳出行等多项权益。 招商银行（600036）无锡分行开展数字人民币随行享好礼活动，2026年2月14日至12月31日，在无锡硕 放机场支持数币收款的活动商户处，使用招商银行数字人民币实名钱包付款，有机会享受立减10元的优 惠，持续提升数字人民币使用体验。 与此同时，第三方支付机构也积极参与其中。在江苏省南京市秦淮区政府主办的"盛世秦淮 数币花 开" ...

Investment Rating - The industry investment rating is "Buy" [2] Core Viewpoints - The banking industry has shown a recovery in profit growth, with net profit for commercial banks increasing by 2.33% year-on-year in 2025, reflecting a quarter-on-quarter improvement of 2.35 percentage points [13][14] - The overall asset growth of commercial banks continued, with total assets increasing by 9.01% year-on-year as of Q4 2025, while loan growth slightly decreased to 7.26% year-on-year [29][30] - Net interest margin stabilized for two consecutive quarters at 1.42%, with expectations for a gradual recovery in 2026 [54] Summary by Sections Performance - The net profit of commercial banks increased by 2.33% year-on-year in 2025, with state-owned banks, joint-stock banks, city commercial banks, and rural commercial banks showing growth rates of 2.25%, -2.84%, 12.87%, and 4.57% respectively [13][14] - The return on equity (ROE) and return on assets (ROA) for commercial banks were 7.78% and 0.60%, reflecting a year-on-year decline of 0.33 percentage points and 0.03 percentage points respectively [13] Scale - Total assets of commercial banks grew by 9.01% year-on-year as of Q4 2025, with state-owned banks showing a growth rate of 10.78% [29][30] - Loan growth for commercial banks was 7.26% year-on-year, with city commercial banks experiencing a counter-cyclical increase in loan growth [29][30] Interest Margin - The net interest margin for commercial banks was stable at 1.42%, with a year-on-year decline of 10.50 basis points [54] - Expectations for 2026 indicate potential downward pressure on net interest margins in Q1, but a gradual recovery is anticipated thereafter [54] Asset Quality - The non-performing loan ratio for commercial banks was 1.50%, showing a quarter-on-quarter decrease of 2.00 basis points, while the provision coverage ratio was 205.21% [54] Capital - The core Tier 1 capital adequacy ratio for commercial banks was 10.92%, reflecting a quarter-on-quarter increase of 0.05 percentage points [54]

今年春节，AI首次深度介入用户消费全流程。2月23日，千问官方数据显示，春节假期期间，用户通 过"一句话下单"近2亿次。以AI闪购年货为例，消费者无需在多个App间来回切换比价、查攻略，极大 简化了购物流程，带动即时零售订单大幅增长。数据显示，千问App用户通过该平台下单鸡蛋超3000 吨、饮料超1亿杯，AI购票带动电影票房环比增长66倍。仅春节假期期间，就有156万60岁以上老年用 户，通过千问首次体验外卖点餐、生鲜采购等线上服务。 今年春节，AI火出圈。从各大春晚舞台上的AI技术加持，到全民可参与的AI抢红包、免费点奶茶等新 春福利，再到朋友圈刷屏的AI定制创意拜年图文，AI跳出"高大上"的科技概念，化身服务大众的贴身帮 手，深度融入日常烟火，全面赋能民生与金融。 购物 AI来比价 "自从用上AI，买东西省心多了，不用来回比价挑花眼，就连买菜都能按我的需求推送新鲜实惠的。"市 民陆女士坦言，过去为了省钱，要在多个平台反复比价，老年人操作手机本就不熟练，既费时又费 力。"现在只要跟AI说一句想买什么，就能精准推荐合适商品，还能自动比价、直接下单，很快就送到 家。" 服务 AI更精准 "以前对接年开票1.2亿 ...

新春伊始，深圳湾超级总部基地（以下简称深超总）建设全面提速。记者从深圳市住房和建设局获悉， 目前，该片区已完成80%土地出让；片区总投资约2100亿元，已累计完成投资约1200亿元；吸引中国电 子、招商银行、深投控、京东、恒力集团、中兴通讯、中信证券、欧加(OPPO)、大疆等多家世界500强 或创新型科技企业，截至目前已有19家企业总部入驻。 官方网站 NGTON The Property n 1 20 er 8 T 學 深圳大件事 大学 深圳大件 ilini 深圳市住房和建设局相关负责人介绍，相对于其他城市CBD，深超总的规划建设更具有创新与活力的 特质，通过"总部+文化+生态"的复合功能布局，为高密度城市开发提供了平衡经济、生态与人文需求 的全新解决方案。 采写:南都N视频记者 陈荣梅 深圳市住房和建设局供图 ...

来源：新浪基金∞工作室 2月26日，广发中证国新港股通央企红利ETF（520900）收盘跌0.72%，成交额6791.85万元。 港股通红利ETF广发（520900）成立于2024年6月26日，基金全称为广发中证国新港股通央企红利交易 型开放式指数证券投资基金，基金简称为广发中证国新港股通央企红利ETF。该基金管理费率每年 0.50%，托管费率每年0.10%。港股通红利ETF广发（520900）业绩比较基准为同期中证国新港股通央企 红利指数收益率(使用估值汇率折算)。 规模方面，截止2月25日，港股通红利ETF广发（520900）最新份额为18.34亿份，最新规模为20.65亿 元。回顾2025年12月31日，港股通红利ETF广发（520900）份额为18.75亿份，规模为19.44亿元。即该 基金今年以来份额减少2.19%，规模增加6.21%。 流动性方面，截止2月26日，港股通红利ETF广发（520900）近20个交易日累计成交金额20.81亿元，日 均成交金额1.04亿元；今年以来，33个交易日，累计成交金额28.57亿元，日均成交金额8657.24万元。 港股通红利ETF广发（520900）现任基金经 ...

来源：新浪基金∞工作室 2月26日，景顺长城中证国新港股通央企红利ETF（520990）收盘跌0.65%，成交额2.14亿元。 股票代码股票名称持仓占比持仓股数（股）持仓市值（元）00883中国海洋石油10.04%2965.70万5.71亿 01088中国神华9.99%1619.40万5.68亿00857中国石油股份9.82%7373.40万5.58亿00941中国移动 9.65%742.85万5.48亿00386中国石油化工股份8.21%1.11亿4.67亿01919中远海控5.74%2627.10万3.26亿 00728中国电信4.76%5556.20万2.70亿00762中国联通3.14%2541.40万1.79亿00788中国铁塔2.83%1540.11 万1.61亿03968招商银行2.07%247.10万1.18亿 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 港股央企红利50ETF（520990）成立于2024年6月2 ...

马年伊始，A股银行板块未能迎来"开门红"，整体震荡调整，个股表现分化显著，股份制银行与国有大 行则普遍回调，显示市场对银行股长期成长性仍存预期，但资金短期获利了结。银行存款利率也延续下 行趋势，理财产品收益则稳中有降，市场呈现"存款利率分化、理财需求回暖、儿童专属产品成亮点"的 结构性特征。 业内人士指出，多家银行纷纷瞄准儿童压岁钱，甚至推出比大额存单利率更高的高息产品，其本质并 非"利率倒挂"，而是基于客户生命周期价值与负债成本的精准测算。 一方面，儿童存款资金具有"长期性"和"低流动性"特征。多数家长将压岁钱存为3年期，资金锁定周期 长，银行可将其作为低成本，高稳定性的中长期负债来源。相较高息揽储或同业负债，儿童存款成本更 低，更可控。 另一方面，银行通过儿童账户，可绑定整个家庭客户群，未来延伸至教育金理财、信用卡、房贷、留学 金融等高价值业务。例如，招商银行（600036）"金小葵管家"和北京银行"小京卡"均支持亲子共管账 户，实现家庭资产一站式管理。 此外，这也是在净息差持续收窄背景下，银行优化负债结构、寻找增量客户、提升客户黏性的关键举 措。儿童金融产品通过"低门槛+高利率+专属权益"组合制造话题效 ...

Core Insights - The Shenzhen Bay Super Headquarters Base (referred to as "Deep Super Total") is accelerating its construction, with 19 enterprises including JD.com, ZTE, DJI, China Electronics, and China Merchants Bank officially settled in, injecting strong momentum into Shenzhen's high-quality development [1][3] Group 1: Project Progress - As of now, 80% of the land has been transferred, with a total investment of approximately 210 billion yuan and cumulative investment of about 120 billion yuan, attracting a number of Fortune 500 companies and industry leaders to form a high-end headquarters economic cluster [3] - Multiple projects within the Deep Super Total have made significant progress, including the completion of the Shenshan Huiyun Center and the headquarters of Digital China, which are now in use [3] - Key buildings such as the China Electronics Building, Tianyin Building Phase I, and the global headquarters of China Merchants Bank have completed registration, while several others have reached the topping-out stage [3] Group 2: Infrastructure and Planning - The Deep Super Total is located in a core coastal area of Shenzhen, covering a planned area of 117 hectares, with a total development area of approximately 5.2 million square meters and a planned population of about 250,000 [3] - The area is designed with a "headquarters + culture + ecology" composite layout, aiming to create a central green axis that connects mountains and seas, establishing a blue-green ecological pattern [3]

Group 1 - The article highlights the top and bottom AH premium rates for various stocks, with Northeast Electric (00042) leading at 527.91% and Ningde Times (03750) at -15.33% [1][2] - The top three stocks with the highest AH premium rates are Northeast Electric (00042), Zhejiang Shibao (01057), and Sinopec Oilfield Service (01033) [1] - The bottom three stocks with the lowest AH premium rates include Ningde Times (03750), Zhaoyi Innovation (03986), and China Merchants Bank (03968) [1] Group 2 - The article provides detailed tables showing the AH premium rates and deviation values for the top and bottom stocks, indicating significant discrepancies between H-shares and A-shares [1][2] - Sinopec Oilfield Service (01033) has the highest deviation value at 25.11%, while Northeast Electric (00042) has the lowest at -270.69% [1][2] - The data is generated based on the Hong Kong Stock Exchange and reflects the current premium rates compared to the average rates over the past 30 days [2]

Group 1 - The core viewpoint of the article highlights the performance of the HuShen 300 ESG ETF (561900), which experienced a decline of 0.60% to 0.990 yuan with a trading volume of 979,400 yuan as of the midday close [1] - Major holdings in the ETF include Kweichow Moutai, which fell by 1.23%, Contemporary Amperex Technology Co., Ltd. (CATL) down by 4.94%, and Ping An Insurance down by 2.03% [1] - The ETF's performance benchmark is the HuShen 300 ESG Index return, managed by China Merchants Fund Management Co., Ltd., with a return of -0.24% since its inception on July 6, 2021, and a return of 0.90% over the past month [1]