Core Viewpoint - The stock price of Bank of Communications has experienced a decline, with a notable drop of 7.86% year-to-date and 14.88% over the past 60 days, indicating potential challenges in the market [1]. Group 1: Stock Performance - As of September 22, the stock price of Bank of Communications was 6.81 CNY per share, with a trading volume of 8.01 billion CNY and a turnover rate of 0.45%, resulting in a total market capitalization of 601.76 billion CNY [1]. - The stock has seen a decrease of 4.08% over the last 5 trading days and 11.33% over the last 20 trading days [1]. Group 2: Financial Performance - For the first half of 2025, Bank of Communications reported a net profit attributable to shareholders of 46.016 billion CNY, reflecting a year-on-year growth of 1.61% [2]. - The company achieved zero operating revenue for the same period [2]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Bank of Communications was 263,100, a decrease of 5.37% from the previous period [2]. - The average number of circulating shares per shareholder was 111,247, down by 29.42% [2]. - The company has distributed a total of 337.762 billion CNY in dividends since its A-share listing, with 83.694 billion CNY distributed over the last three years [3]. Group 4: Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 1.396 billion shares, an increase of 10.8003 million shares from the previous period [3]. - Huaxia SSE 50 ETF was a new entrant among the top ten circulating shareholders, holding 523 million shares [3].

Core Viewpoint - Industrial and Commercial Bank of China (ICBC) experienced a decline in stock price, with a 2.06% drop on September 19, 2023, and a total market capitalization of 25,447.41 billion yuan [1] Financial Performance - For the first half of 2025, ICBC reported a net profit of 168.1 billion yuan, a year-on-year decrease of 1.39% [2] - The bank's cumulative cash dividends since its A-share listing amount to 15,252.88 billion yuan, with 3,271.45 billion yuan distributed over the last three years [3] Stock Market Activity - As of September 19, 2023, ICBC's stock price was 7.14 yuan per share, with a trading volume of 15.41 billion yuan and a turnover rate of 0.08% [1] - The stock has increased by 7.99% year-to-date but has seen declines of 4.55% over the past five trading days, 6.42% over the past 20 days, and 2.66% over the past 60 days [1] Shareholder Information - As of June 30, 2025, ICBC had 673,700 shareholders, a decrease of 4.81% from the previous period, with an average of 472,389 circulating shares per shareholder, an increase of 5.82% [2] - Major shareholders include Hong Kong Central Clearing Limited, holding 2.485 billion shares, and several ETFs, indicating a diversified institutional ownership [3] Business Segmentation - ICBC's main business segments include corporate banking (45.91%), personal banking (40.54%), and treasury operations (12.60%) [1] - The bank is classified under the categories of state-owned large banks and is associated with concepts such as low price-to-earnings ratio and net asset value [1]

Core Viewpoint - The stock price of Bank of Communications has experienced a decline, with significant net outflows of capital and a decrease in shareholder numbers, indicating potential challenges in market performance and investor sentiment [1][2]. Group 1: Stock Performance - As of September 12, the stock price of Bank of Communications fell by 2.06% to 7.12 CNY per share, with a trading volume of 19.11 billion CNY and a turnover rate of 1.02%, resulting in a total market capitalization of 629.15 billion CNY [1]. - Year-to-date, the stock has decreased by 3.67%, with a 1.93% drop over the last five trading days, a 4.17% decline over the last 20 days, and a 10.33% decrease over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Bank of Communications reported an operating income of 0.00 CNY, while the net profit attributable to shareholders was 46.016 billion CNY, reflecting a year-on-year growth of 1.61% [2]. Group 3: Shareholder and Dividend Information - As of June 30, 2025, the number of shareholders decreased to 263,100, a reduction of 5.37%, with an average of 111,247 circulating shares per shareholder, down by 29.42% [2]. - Since its A-share listing, Bank of Communications has distributed a total of 337.762 billion CNY in dividends, with 83.694 billion CNY distributed over the past three years [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 1.396 billion shares, an increase of 10.8003 million shares from the previous period, while Huaxia SSE 50 ETF is a new entrant holding 523 million shares [3].

Core Viewpoint - China Construction Bank Corporation is issuing A-shares to specific investors, with the aim of raising capital to strengthen its core tier one capital and support sustainable business development [12][15]. Group 1: Basic Information about the Issuer - Company Name: China Construction Bank Corporation [2] - Legal Representative: Zhang Jinliang [2] - Established Date: September 17, 2004 [2] - Registered Capital: 250.01 billion CNY [2] - Headquarters: Financial Street, Xicheng District, Beijing [2] - Total Assets: 40,571.15 billion CNY as of December 31, 2024 [6] - Total Liabilities: 37,227.18 billion CNY as of December 31, 2024 [6] - Total Equity: 3,343.97 billion CNY as of December 31, 2024 [6] Group 2: Business Overview - The issuer is a leading state-owned commercial bank in China, providing comprehensive financial services to 771 million individual customers and 11.68 million corporate clients [3]. - Main business segments include corporate banking, personal banking, asset management, and other services including overseas operations [4][5]. Group 3: Financial Performance - Total Operating Income for 2024: 750.15 billion CNY, a decrease from 769.74 billion CNY in 2023 [5]. - Operating Profit for 2024: 384.27 billion CNY, slightly down from 389.23 billion CNY in 2023 [5]. - Net Profit Attributable to Shareholders: 335.58 billion CNY for 2024, compared to 332.65 billion CNY in 2023 [5]. Group 4: Issuance Details - Type of Shares: A-shares with a par value of 1.00 CNY each [12]. - Issuance Method: Directed issuance to specific investors, specifically the Ministry of Finance [12][13]. - Issuance Price: Initially set at 9.27 CNY per share, adjusted to 9.06 CNY after dividend distribution [13][14]. - Total Number of Shares Issued: 11,589,403,973 shares, not exceeding 30% of the total share capital prior to issuance [15]. Group 5: Use of Proceeds - Total proceeds from the issuance are expected to be 105 billion CNY, which will be used entirely to supplement the issuer's core tier one capital [15]. Group 6: Regulatory Compliance - The issuance has been approved by the China Banking Regulatory Commission and has passed the review of the Shanghai Stock Exchange [24][25]. - The issuer has followed necessary decision-making procedures as per the Company Law and Securities Law [23][24]. Group 7: Underwriter Information - CITIC Securities is the underwriter for this issuance, ensuring compliance with relevant laws and regulations [12][22]. - Key representatives from CITIC Securities include Zhou Yu and Shi Guoping, both with extensive experience in underwriting and securities issuance [16][17].

Core Viewpoint - China Construction Bank (CCB) is issuing A-shares to specific investors to raise funds for enhancing its core Tier 1 capital, which is essential for supporting sustainable long-term business development [2][3]. Group 1: Issuance Details - The issuance of A-shares has been approved by the board on March 30, 2025, and subsequently by the shareholders' meetings on April 22, 2025 [2]. - The issuance has received approvals from the China Banking Regulatory Commission, the Shanghai Stock Exchange, and the China Securities Regulatory Commission [2]. Group 2: Financial Implications - The funds raised will be used entirely to supplement the bank's core Tier 1 capital, which may lead to a temporary dilution of immediate returns for shareholders due to the increased share capital and net asset size [2][3]. - The bank's earnings per share and return on equity may experience a decline in the short term as the capital raised will take time to generate returns [2]. Group 3: Risk Factors - The bank highlights the risk of immediate return dilution due to the increased number of shares and the time required for the raised funds to generate benefits [2]. - Stock price volatility is influenced by various factors including domestic and international political and economic conditions, which may adversely affect the issuance [3]. - Credit risk arises from potential defaults by borrowers, which could impact the bank's financial performance and increase provisions for bad debts [4]. Group 4: Industry Context - The banking industry in China is under the supervision of the China Banking Regulatory Commission and the People's Bank of China, which are responsible for maintaining financial stability and implementing monetary policy [17]. - As of the end of 2024, the total loans in the Chinese banking sector reached 255.68 trillion yuan, with a compound annual growth rate of 10.30% from 2020 to 2024, indicating strong financing demand [16]. - The banking sector is focusing on high-quality development, optimizing asset structures, and enhancing services to the real economy, with total assets and liabilities growing by 6.54% and 6.52% respectively by the end of 2024 [17][18].

Group 1 - The core point of the news is that Bank of China is issuing A-shares to specific investors to raise capital, with the issuance approved by relevant regulatory bodies [2][3][4] - The issuance price is set at 5.93 yuan per share, adjusted from an initial price of 6.05 yuan due to dividend distribution [3][4] - The total number of shares to be issued will be determined based on the final approval from regulatory authorities and may be adjusted according to market conditions [4][10] Group 2 - The funds raised from this issuance will be used to increase the bank's core Tier 1 capital, supporting future business development [2][8] - The bank's major risks include potential deterioration in loan quality, liquidity risks, and the impact of global economic conditions on its operations [6][8][9] - As of December 31, 2024, the bank's non-performing loans totaled 268.781 billion yuan, with a non-performing loan ratio of 1.25% [8][9] Group 3 - The banking industry in China is experiencing significant growth, with total RMB loans reaching 255.6778 trillion yuan as of December 31, 2024, and an average annual growth rate of 10.30% over the past five years [21][23] - The industry is increasingly focused on supporting high-quality economic development and responding to national strategies [22][23] - The demand for retail banking services is rising, driven by urbanization and increasing consumer income levels, leading to a shift towards higher-quality goods and services [24][25]

转自：中国宁波网 该行明确，自2023年10月1日起，客户在办理包括但不限于个人金融业务、公司金融业务、普惠金融业 务、网络金融业务、银行卡业务等相关业务时，可根据证明事项办事指南规定，自行选择提供相关材料 用于该行的业务调查，证明业务相关的客观事实。 抓落实，优化减证便民金融服务 目前，该行已通过官方微信公众号、宣传折页、海报等方式向客户公示证明事项办事指南，同时做好层 层宣贯落实，要求基层网点业务一线员工人人熟练掌握，在办理所涉具体业务前及时告知客户证明事项 办事指南的具体内容及证明事项的开具路径。 为进一步优化金融服务，该行要求辖内营业网点充分利用国家政务服务平台、"浙里办"、"个人所得 税"等公共数据平台，在取得客户授权后开展相关信息查询核验，实现以"数据跑"代替"客户跑"，持续 推动减证便民金融服务落地生根。 同时，据该行相关人士介绍，工商银行宁波市分行将动态更新证明事项办事指南，实现证明材料"应减 尽减"，对无需客户提供的证明事项开展经常性排查，巩固证明事项清理成果，不断减轻人民群众的办 事负担，努力增强人民群众的获得感和幸福感。（徐文蕾 胡月） 为深入贯彻落实党中央、国务院关于"放管服"改革和" ...

Core Viewpoint - The issuance of A-shares by the Bank of China aims to strengthen its core Tier 1 capital, which is essential for stable business development and compliance with regulatory requirements [1][6]. Group 1: Impact Analysis of the Issuance - The total number of shares to be issued is 27,272,727,272, with a total fundraising amount of RMB 165 billion, excluding issuance costs [1]. - The analysis considers three scenarios for annual growth rates of net profit attributable to the parent company: 0%, 2.5%, and 5% [1][4]. - The issuance will dilute immediate returns, affecting key financial metrics such as earnings per share (EPS) and net profit [1][4]. Group 2: Financial Metrics Impact - Without the issuance, the net profit attributable to the parent company for 2025 is projected at RMB 237.84 billion, while with the issuance under different growth scenarios, it varies from RMB 237.84 billion to RMB 249.73 billion [4][6]. - The basic and diluted EPS without the issuance is projected at RMB 0.75, which may decrease to RMB 0.73 under the 0% growth scenario and increase to RMB 0.80 under the 5% growth scenario with the issuance [4][6]. Group 3: Necessity and Reasonableness of the Issuance - The issuance aligns with national policies to enhance the capital base of state-owned banks, which are crucial for supporting the real economy and maintaining financial stability [5][6]. - The bank aims to improve its capital adequacy ratio, which is currently at 14.38%, and the total capital adequacy ratio at 18.76%, both exceeding regulatory requirements [6]. Group 4: Use of Proceeds - The proceeds from the issuance will be fully allocated to increase the bank's core Tier 1 capital, thereby supporting stable business growth and enhancing competitive strength [6][10]. - The bank has a robust human resource reserve with 312,757 employees, and it is focused on optimizing talent allocation to support high-quality development [7]. Group 5: Risk Management and Operational Efficiency - The bank is committed to enhancing its risk management framework, addressing various risks including credit, market, and operational risks [9][12]. - Measures will be taken to improve operational efficiency and reduce costs, thereby enhancing profitability and minimizing the impact of the issuance on immediate returns to shareholders [10][11]. Group 6: Commitments from Major Stakeholders - The controlling shareholder, Central Huijin Investment Ltd., and the bank's board members have committed to ensuring that the measures to mitigate the dilution of immediate returns will be effectively implemented [12][13].

Core Viewpoint - The company reported a stable financial performance for 2024, with a net profit of RMB 336.28 billion, reflecting a growth of 1.15% year-on-year, and plans to distribute a total cash dividend of RMB 1,007.54 billion for the year [18][24][28]. Company Overview - China Construction Bank Corporation is a leading large commercial bank in China, headquartered in Beijing, with a market capitalization of approximately USD 212.43 billion as of the end of 2024, ranking sixth among global listed banks [2]. - The bank serves 771 million individual customers and 11.68 million corporate clients, with a total of 376,847 employees and 14,750 branches [2]. Financial Performance - The total assets of the group reached RMB 40.57 trillion, an increase of 5.86% year-on-year, while net loans and advances amounted to RMB 25.04 trillion, growing by 8.48% [4][18]. - The bank's total liabilities were RMB 37.23 trillion, up 5.90% from the previous year, with customer deposits reaching RMB 28.71 trillion, an increase of 3.83% [18]. - The average return on assets was 0.85%, and the weighted average return on equity was 10.69% [18]. Dividend Distribution - The board proposed a final cash dividend of RMB 0.206 per share (including tax), totaling approximately RMB 515.02 billion, in addition to an interim cash dividend of RMB 0.197 per share distributed earlier [24][28]. - The total cash dividend for the year amounts to RMB 0.403 per share, with a total distribution of approximately RMB 1,007.54 billion [24][28]. Economic Context - The global economic growth momentum was weak in 2024, with China's GDP growing by 5% year-on-year, supported by proactive fiscal and monetary policies [3]. - The domestic financial market remained stable, with a reasonable growth in total financing and a decline in loan interest rates [3]. Future Outlook - The bank aims to enhance its service capabilities and risk management while focusing on high-quality development and expanding its customer base in key sectors [20][21]. - The bank plans to continue its stable cash dividend policy and improve investor relations to enhance market confidence [57][63].

特此公告。 中國建設銀行股份有限公司 董事會 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之內容概不負責，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分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） (A joint stock company incorporated in the People's Republic of China with limited liability) （股份代號：939） 2024年年度報告摘要 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條刊登。茲載列 該公告（於上海證券交易所網站刊登）如下，僅供參閱。 2025年3月28日 於本公告日期，本行的執行董事為張金良先生、張毅先生和紀志宏先生，本行的 非執行董事為田博先生、夏陽先生、劉芳女士和李璐女士，本行的獨立非執行 董事為格雷姆 • 惠勒先生、米歇爾 • 馬德蘭先生、威廉 • 科恩先生、梁錦松先生、 詹誠信勛爵和林志軍先生。 中国建设银行股份有限公司 2024 年年度 ...