Summary of Key Points Core Viewpoint - China Merchants Bank (招商银行) is actively engaging in shareholder returns and expanding its business operations through the establishment of a new subsidiary, reflecting a commitment to high-quality development and market responsiveness [3][6]. Trading Information - On July 4, 2025, China Merchants Bank's stock closed at 47.07 yuan, with an increase of 0.99%. The turnover rate was 0.33%, with a trading volume of 678,900 lots and a total transaction value of 3.19 billion yuan [1]. - The fund flow on the same day indicated a net inflow of 287 million yuan from institutional investors, accounting for 8.99% of the total transaction value. Retail investors experienced a net outflow of 127 million yuan, representing 3.98% of the total transaction value [2][6]. Company Announcements - China Merchants Bank announced a cash dividend of 2.000 yuan per share (including tax) for its A-shares, with a total distribution amounting to approximately 50.44 billion yuan (including tax). The record date for the dividend is July 10, 2025, and the payment date is July 11, 2025 [3][6]. - The bank has received approval from the National Financial Regulatory Administration to establish a wholly-owned subsidiary, China Merchants Financial Asset Investment Co., Ltd., with a registered capital of 15 billion yuan. This initiative aims to engage in market-oriented debt-to-equity swaps and equity investment pilot projects [3][6].

（原标题：上市公司动态 | 招商银行150亿筹建金融资产投资公司，中国核电上半年发电量同比增15.65%） 招商银行(600036.SH)公告称，公司已收到国家金融监督管理总局的批复，获准筹建招银金融资产投资有限公司。该公司注册资本为150亿元，为 招商银行全资子公司。根据公司介绍，设立招银金融资产投资有限公司系本公司积极响应国家号召，主动融入国家发展大局的重要举措。此举有 助于本公司专业化开展市场化债转股及股权投资试点业务，为企业提供全方位、多层次的融资支持，进一步提升本公司综合化经营能力，全面推 动高质量发展。 中国核电2025年上半年发电量同比增长15.65% 中国核电(601985.SH)公告称，2025年上半年累计商运发电量为1,217.76亿千瓦时，同比增长15.65%；上网电量为1,151.04亿千瓦时，同比增长 15.92%。其中，核电部分发电量998.61亿千瓦时，同比增长12.01%；新能源部分发电量219.15亿千瓦时，同比增长35.76%。 再融资动态 万科A向深铁集团申请不超过62.49亿元借款并展期部分已有借款 万科A(000002.SZ)公告称，公司向第一大股东深铁集团申请不超过 ...