Core Viewpoint - The article discusses the commencement of the bank dividend season in China, highlighting the significant cash dividends announced by various banks, particularly state-owned banks, and the trends in dividend distribution for 2024. Group 1: Dividend Announcements - Starting from this week, the bank dividend season officially begins, with China Bank announcing a cash dividend of 0.1216 yuan per share for the year-end of 2024 [2] - As of April 23, 36 banks have disclosed their dividend plans, with a total dividend amount of 616.26 billion yuan, including over 230 billion yuan in interim dividends from the previous year [3][8] - China Bank's annual dividend distribution is notably earlier than in previous years, which typically occurred between June and July [5] Group 2: Dividend Distribution Details - According to the distribution plan, China Bank will distribute a total cash dividend of 35.798 billion yuan based on its total ordinary share capital of 29.4388 billion shares, with A-shares accounting for 25.629 billion yuan of this total [6][7] - The total cash dividend for the year 2024, including interim dividends, amounts to 0.2424 yuan per share, totaling approximately 71.36 billion yuan [7] Group 3: Performance of Major Banks - The six major state-owned banks have collectively announced dividends exceeding 420 billion yuan, with all six banks increasing their dividend amounts compared to the previous year, totaling nearly 100 billion yuan more [8][9] - The total dividend amount for the six major banks accounts for over 70% of the entire banking sector's dividend total, indicating their strong profitability and dividend capacity [9] Group 4: Dividend Yields and Trends - Industrial and Commercial Bank of China leads with a dividend amount of 109.773 billion yuan, followed by China Construction Bank with 100.754 billion yuan, and Agricultural Bank of China and China Bank with 84.661 billion yuan and 71.36 billion yuan, respectively [9][10] - The average dividend payout ratio for state-owned banks remains stable at 30% or higher, with an increasing trend in dividend frequency to twice a year [9][11] Group 5: Individual Bank Strategies - China Merchants Bank plans to initiate interim dividends for 2025, marking its first such distribution, with a cash dividend ratio of 35.3% last year [10] - Other banks, such as Industrial Bank and Huaxia Bank, have also committed to maintaining or increasing their dividend payout ratios above 30% [11][15] - Zhejiang Merchants Bank's cash dividend for 2024 is 4.284 billion yuan, maintaining a payout ratio above 30%, although slightly lower than previous years [13] Group 6: Overall Market Sentiment - The trend of increasing dividends is seen as a way to enhance investor confidence and stabilize stock prices, with analysts emphasizing the importance of sustainable dividend policies based on solid operational performance [16]

根据统计，截至4月23日，已经有36家银行披露了分红计划，分红总额为6161.26亿元，这其中包括去年 超2300亿元的中期分红。 分红大户 从本周开始银行分红季正式开启。4月20日，中国银行发布公告显示，中国银行A股每股派发2024年末 期现金红利0.1216元（税前，下同），股权登记日为4月24日，除权（息）日为4月25日，现金红利发放 日为4月25日。 华福证券分析称，观察近3年不同类型上市银行现金分红情况，国有大行保持稳定的高现金分红比例， 近3年现金分红比例均超30%；股份制商业银行近3年平均现金分红比例逐年提升，2023年达到29.4%； 城商行近3年平均现金分红比例有所下滑，2023年平均现金分红比例为24.8%；农商行现金分红比例为 各类银行中最低，2023年平均现金分红比例为22%。 值得注意的是，中国银行此次年度分红落地明显早于往年。数据显示，中国银行自2006年在A股上市以 来，年度分红派息时间均在6月至7月。 根据分配方案，中国银行2024年末期利润分配以方案实施前的该行普通股总股本2943.88亿股为基数， 每股派发现金红利0.1216元，共计派发现金红利357.98亿元。其中，A股 ...

随着A股上市银行年报的陆续披露，各家银行的分红方案也陆续拉开了帷幕。 《金融时报》记者梳理数据时发现，截至4月22日，在42家A股上市银行中，共有26家银行公布了2024 年分红方案。从分红金额来看，这26家银行累计派发现金红利近6000亿元，较去年增加超百亿元。 分机构类型来看，六家国有大行依旧是上市银行分红的"主力军"。根据年报数据，2024年六大行现金分 红金额合计超4200亿元，占全行业分红总额超七成，且分红比例均稳定在30%及以上。 其中，工商银行（601398）以1097.73亿元的派息总额领跑全行业，建设银行（601939）2024年分红金 额也超过千亿元，达1007.54亿元。农业银行（601288）、中国银行（601988）、交通银行 （601328）、邮储银行（601658）2024年分别派发现金红包846.61亿元、713.6亿元、281.46亿元和 259.41亿元。 股份制银行的分红情况也十分亮眼，但也出现了一定分化。招商银行（600036）以504.4亿元的分红总 额稳坐股份行的"头把交椅"。兴业银行（601166）分红总额达到220.21亿元，分红比例首次突破30%。 "2024 ...

智通财经记者 | 张晓云 上海银行（601229.SH）迎来新一任掌门人。 4月22日，智通财经获悉，上海银行召开内部会议宣布了人事调整：任命上海农商银行（沪农商行，601825.SH）原行 长顾建忠为上海银行党委书记。这意味着，待监管批复后，顾建忠或担任上海银行董事长。 新掌门人顾建忠是一位"老上银人"，在业内人士对他的评价中，"年轻有为"是一大关键词。在三十年职业生涯中，其一 大半时间是在上海银行度过。上海银行不仅是其事业发展的起点，更是在该平台中，他完成了管理职能的转变。 公开资料显示，顾建忠出生于1974年11月，研究生学历，经济学硕士学位，经济师，曾任上海银行公司金融部副总经理 兼营销经理部、港台业务部总经理、公司金融部总经理、授信审批中心总经理、营业部总经理。 之后挂职上海市金融服务办公室综合协调处副处长、金融机构处处长。短暂挂职后，顾建忠回归上海银行。2011年4 月，顾建忠升任上海银行党委委员、人力资源部总经理，2012年7月起任上海银行纪委副书记。 上市以来，上海银行各年度分红比例均保持在25%以上，并逐步提升分红比例，2023年度分红比例提升至30.06%，较上 年度提高3.31个百分点， ...

Core Viewpoint - The total cash dividends proposed by major listed banks in China for 2024 exceed 560 billion yuan, marking an increase of over 10 billion yuan year-on-year, with state-owned banks dominating the distribution [1][3]. Group 1: Dividend Distribution - The six major state-owned banks plan to distribute over 420 billion yuan in cash dividends, with all having a dividend payout ratio of 30% or higher [1][3]. - Among the listed banks, China Merchants Bank leads with a cash dividend payout ratio of 35.32%, while Ping An Bank's ratio is below 30% at 28.32% [1][3][4]. - The total cash dividends for the six major banks include: Industrial and Commercial Bank of China (1,097.73 billion yuan), China Construction Bank (1,007.54 billion yuan), Agricultural Bank of China (846.61 billion yuan), Bank of China (713.60 billion yuan), China Merchants Bank (504.40 billion yuan), and Bank of Communications (281.46 billion yuan) [2][3]. Group 2: Changes in Dividend Amounts - Ping An Bank, Minsheng Bank, and Zheshang Bank have seen declines in their proposed dividend amounts, with decreases of 15.44%, 11.11%, and 4.88% respectively [2][6]. - The dividend payout ratio for Ping An Bank decreased from 30% in 2023 to 28.32% in 2024, attributed to the need for internal capital accumulation and regulatory compliance [6][9]. Group 3: Future Dividend Plans - China Merchants Bank plans to implement a mid-term dividend distribution for the first time in 2025, with a proposed payout ratio of 35% [5]. - Other banks, such as Industrial Bank and CITIC Bank, have also set ambitious dividend plans, with CITIC Bank aiming for a payout ratio of over 30% from 2024 to 2026 [5][12]. Group 4: Stock Dividend Yields - As of April 16, 2024, Ping An Bank has the highest dividend yield among the listed banks at 5.53%, followed by Zheshang Bank at 5.23% and Industrial Bank at 5.02% [8][9]. - The dividend yields for the six major state-owned banks are all above 4%, indicating strong investment value despite the overall low price-to-book ratios in the banking sector [7][11]. Group 5: Market Context and Valuation Plans - Many banks are currently trading below their book value, prompting over 20 banks to release valuation enhancement plans to improve their investment appeal [11][12]. - The valuation enhancement plans include commitments to maintain or increase dividend payouts, with banks like Bank of Communications and Ping An Bank outlining specific future dividend strategies [12][13].