本报记者 刘琪 1月末，人民币贷款余额276.62万亿元，同比增长6.1%。1月份，人民币贷款增加4.71万亿元。 业内专家表示，2025年中央经济工作会议强调2026年要继续实施适度宽松的货币政策，开年以来金融体系加大信贷投放力 度，需求端也有多方面有利条件支撑信贷平稳增长。 例如，重大项目密集落地带动项目贷款加大投放。近期国家发展改革委下达了2026年提前批"两重"建设项目清单和中央预 算内投资，总规模约2950亿元，各地积极推动重大项目早开工、早建设，尽快形成实物工作量，为激发投资活力、促进信贷投 放提供了有效的项目载体和资金对接基础。多家银行反映，今年一季度基建领域贷款审批节奏明显加快，投放量同比实现较大 幅度增长。 业内专家对《证券日报》记者表示，1月末，社会融资规模存量同比增长8.2%、M2同比增长9%，明显高于名义GDP增 速，充分体现了适度宽松的货币政策状态，有力支持了年初经济平稳开局。 社融规模和M2较快增长 1月末，社会融资规模存量为449.11万亿元，同比增长8.2%；1月份，社会融资规模增量为7.22万亿元，比上年同期多1662 亿元。 业内专家表示，开年以来，宏观政策更加积极有为。一 ...

Group 1 - The total financing volume is sufficient, but the quality of the "opening red" is lacking, with social financing showing a year-on-year increase driven mainly by government bonds and discounted bills [2][4] - In January, the net financing scale of government bonds rose to 976.4 billion yuan, benefiting from the timing of the Spring Festival, resulting in a year-on-year increase of 283.1 billion yuan [4] - The demand for loans at the beginning of the year is weak, with banks showing strong demand for bills, leading to a significant increase in discounted bills to 629.3 billion yuan, a year-on-year increase of 163.9 billion yuan [4] Group 2 - M1 and M2 growth rates rebounded in January, with M1 increasing by 1.1 percentage points to 4.9%, driven by the maturity of high-interest deposits and a low base effect from the previous year [3][7] - M2 growth rate rose to 9% in January, with fiscal deposits increasing by 1.55 trillion yuan, a year-on-year increase of 1.2 trillion yuan [7] - The difference between M2 and M1 growth rates narrowed to 4.1%, indicating an increase in the liquidity of funds [7] Group 3 - In January, new RMB loans increased by 4.71 trillion yuan, with a year-on-year decrease of 420 billion yuan, reflecting a shift in the structure of loans [6] - Household loans increased by 456.5 billion yuan, with short-term loans showing a year-on-year increase of 159.4 billion yuan, while medium and long-term loans decreased by 146.6 billion yuan [6] - Corporate loans increased by 4.45 trillion yuan, with short-term loans rising by 2.05 trillion yuan, while medium and long-term loans decreased by 280 billion yuan [6]

Global Monetary Policy Shift Tracking - Since the beginning of 2026, among 26 major economies tracked, only one has cut rates (Israel) and one has raised rates (Australia), while the US, Eurozone, and Japan have kept their policy rates unchanged [3][15]. - The Federal Reserve's current rate is maintained at 3.5%-3.75%, with a hawkish tone in the January FOMC meeting, indicating a strong economy and a cautious approach to future rate cuts, with market expectations of 2 rate cuts in 2026 [16][23]. - The European Central Bank (ECB) has also kept rates unchanged, with inflation stabilizing within the target range, leading to expectations that the ECB may not cut rates further in 2026 [17][23]. - The Bank of Japan (BOJ) is in a "quasi-stagflation" state, with expectations of 2 rate hikes in 2026, but faces challenges due to supply shortages and inflationary pressures [18][24]. Global Liquidity Tracking - The Federal Reserve's reserve balance has risen to approximately $2.94 trillion, nearing the desired range of 10%-12% of GDP, indicating a recovery in liquidity [7][34]. - Various liquidity spreads have improved, with the EFFR-IOER spread stable at -1bp and the SOFR-EFFR spread averaging around 2bp, reflecting a slightly tight liquidity environment [8][42]. - The US Treasury market shows stable liquidity, with slight increases in bid-ask spreads for 10Y Treasuries, while credit risk premiums remain low, indicating a stable credit market [10][51][57].

智通财经APP获悉，在最新公布的美国通胀数据低于市场预期后，美国国债价格周五集体走高，投资者重新上调 了对美联储在2026年降息次数的押注，市场开始计入今年可能出现第三次降息的更高概率。 受此影响，对货币政策最为敏感的两年期美国国债收益率一度下探至3.40%，单日下行最多达6个基点，创下自去 年10月以来的新低，随后部分回吐跌幅。利率期货显示，交易员目前已为2026年计入约63个基点的宽松空间，相 当于到年底实现第三次25个基点降息的概率接近50%；而就在周四，市场仅计入约58个基点的降息幅度。 太平洋投资管理公司(PIMCO)经济学家Tiffany Wilding在接受采访时表示，即便从表面看通胀数据只是"符合预 期"，但内部结构依然释放出积极信号。"这会让美联储在降息问题上感到更加从容，我们认为在今年多进行几次 降息是合理的判断。" 周五美债市场的初始反应随后有所降温，投资者开始重新审视本周一系列宏观数据释放的整体信号。截至纽约时 间上午9点，各期限国债收益率整体仅小幅下行1至2个基点。 富国银行证券董事总经理Aroop Chatterjee指出，通胀数据并未出现"实质性意外"，这意味着美联储的关注焦点仍 ...

经济观察网根据公开信息及市场数据，邦纳(Banner Corporation,BANR.OQ)在近一周(截至2026年2月13 日)的市场关注点主要集中在股价波动和交易量变化上。近期未有影响公司基本面的重大事件公告。 财报分析 股票近期走势 近一周(2月9日至2月13日)，邦纳股价呈现震荡下行态势，区间累计下跌1.30%。值得关注的是2月12 日，该股当日跌幅达1.31%，成交量显著放大至34.7万股，换手率为1.02%，明显高于前后几个交易日。 2月13日交易则相对清淡，成交量和振幅均收窄。同期，其所属的美股银行板块及大盘指数(如道琼斯指 数)也普遍表现疲软。 近期(近7天内)邦纳未发布新的季度或年度财务报告。其最新的估值指标显示，市盈率(TTM)为11.30 倍，市净率为1.12倍，股息率为3.07%。 以上内容基于公开资料整理，不构成投资建议。 ...

Group 1 - The Hang Seng Index Company announced the inclusion of Bank of East Asia (00023) in the Hang Seng Composite Index, effective March 9, 2026, following a quarterly review [1] - Bank of East Asia reported a decrease in interest income to HKD 32.968 billion, down 17.18% year-on-year, and a drop in profit attributable to shareholders to HKD 3.501 billion, down 24.02% year-on-year, with basic earnings per share at HKD 1.22 [1] - The core business of the group remains stable, with operating profit before provisions holding steady at HKD 11.2 billion, and non-interest income growing by 28%, indicating successful strategies in business diversification and sustainable growth [1] Group 2 - The company continues to prudently make provisions for its exposure to commercial real estate, with 77% of this year's provisions related to commercial properties in Hong Kong and mainland China [2] - The valuation of the company's investment property portfolio was adjusted downwards by HKD 0.723 billion [2] - The group recorded a loss of HKD 0.305 billion from joint ventures and associates, primarily from a joint venture in mainland China [2]

临近春节，正是给家里孩子准备红包的时候。你红包里的新钱已经准备好了吗？多家银行网点的工作人 员告诉贝壳财经记者，前往银行网点办理现金业务的客户相对平时增多约两成，银行加大了现金的储 备，以满足节前客户换新钞的需求。银行网点究竟准备得如何呢？我们这就去一探究竟。 ...

Core Viewpoint - The A-share banking sector has shown significant performance in 2025, with a total market capitalization surpassing 10 trillion yuan, indicating a structural bull market despite a mixed performance among individual stocks [2][6]. Group 1: Market Performance - As of February 13, the total market capitalization of the banking sector reached approximately 13.72 trillion yuan, an increase of 1.45 trillion yuan from the end of the previous year [2][6]. - The A-share market capitalization grew by over 20 trillion yuan compared to the previous year, reaching nearly 114 trillion yuan [6]. - The banking sector's market capitalization as a proportion of the total A-share market decreased from 11.19% at the end of the previous year to around 9% [6]. Group 2: Stock Performance - In 2025, 32 banking stocks recorded gains, with Qingdao Bank, Xiamen Bank, and Agricultural Bank leading with increases of over 30% [2][3]. - The banking sector's overall performance was relatively weak, with a decline of 0.3% for the year, making it one of the lowest-performing sectors among 31 major industries [3][4]. - Notable individual stock performances included Qingdao Bank with a 39.37% increase, Xiamen Bank at 38.36%, and Agricultural Bank at 30.86% since February 5 [3][5]. Group 3: Structural Trends - The banking sector experienced a clear differentiation in performance, with large state-owned banks initially performing well, while smaller banks gained momentum later in the year [4][6]. - Despite the overall positive trend, 10 banking stocks ended the year in the red, with Everbright Bank showing the largest decline at 10.7% [4][5]. - The competition for market capitalization among major banks saw Agricultural Bank briefly surpass Industrial and Commercial Bank of China, although the latter regained its position as the market leader by year-end [6][7].

该行通过该项目，实现银行总行业务大楼硬件的更新，从而更好地服务客户群体并满足其更多元化的需 求。同时，通过委聘新宜建投作为专业机构负责该项目的具体实施、管理、控制和监督，可更好地把控 该项目的工期、质量、成本和安全。 宜宾银行(02596)发布公告，经公开招投标程序，该行(作发包人)公开招选甄选建投建工、新宜建投分别 为建设工程承包人、代建单位，于2026年2月13日，该行与建投建工、新宜建投订立建设工程施工合 同，据此，建投建工及新宜建投同意就该行总行业务大楼提升改造项目向该行提供工程施工服务，签约 合同价为人民币8649.9万元。 ...

格隆汇2月13日丨宜宾银行(02596.HK)公告，经公开招投标程序，本行(作发包人)公开招选甄选建投建 工、新宜建投分别为建设工程承包人、代建单位，于2026年2月13日，本行与建投建工、新宜建投订立 建设工程施工合同，据此，建投建工及新宜建投同意就本行总行业务大楼提升改造项目(「该项目」)向 本行提供工程施工服务，签约合同价为人民币86,498,979.63元。 ...