Core Viewpoint - Chongqing Rural Commercial Bank announced a cash dividend distribution plan for the first half of 2025, with a total cash dividend of 2.31 billion RMB, of which 1.80 billion RMB is allocated to A-shareholders [1][6]. Dividend Distribution Details - The total share capital for the dividend distribution is 11.36 billion shares, with 8.84 billion shares being A-shares [6]. - The cash dividend per A-share is set at 0.20336 RMB (including tax) [3][6]. - The total cash dividend to be distributed amounts to 2.31 billion RMB (including tax), with A-share dividends totaling 1.80 billion RMB (including tax) [1][6]. Important Dates - The record date for shareholders is January 22, 2026 [3][7]. - The ex-dividend date and cash dividend payment date is January 23, 2026 [1][3][7]. Approval and Implementation - The dividend distribution plan was approved at the annual general meeting held on May 21, 2025, and further confirmed at the board meeting on December 23, 2025 [3][4]. - The cash dividends for A-shareholders will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch [8].

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的內容概不負責，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 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Chongqing Rural Commercial Bank Co., Ltd. * * : 3618 海外監管公告 本公告乃重慶農村商業銀行股份有限公司Chongqing Rural Commercial Bank Co., Ltd.* （「本行」）根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列本行在上海證券交易所網站刊發之《重慶農村商業銀行股份有限公司2025年半年度 A股權益分派實施公告》，謹供參閱。 承董事會命 重慶農村商業銀行股份有限公司* Chongqing Rural Commercial Bank Co., Ltd.* 董事長兼執行董事 劉小軍 中國 • 重慶，2026年1月14日 於本公告日期，本行執行董事為劉小軍先生及隋軍先生；本行非執行董事為馬寶先生、 董斌先生、袁剛先生及彭玉龍先生；及本行獨立非執行董事為李明豪先生、李嘉明先生 及畢茜女士。 * 本行經中 ...

证券代码：601077 证券简称：渝农商行 公告编号：2026-003 重庆农村商业银行股份有限公司 2025年半年度A 股权益分派实施公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利人民币0.20336元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2026/1/22 | － | 2026/1/23 | 2026/1/23 | 差异化分红送转：否 一、 通过分配方案的股东大会届次和日期 重庆农村商业银行股份有限公司（以下简称"本行"）2025 年 5 月 21 日召开的2024年度 股东大会审议通过《关于审议重庆农村商业银行股份有限公司 2025 年中期利润分配安排的议 案》，授权董事会在符合利润分配的条件下制定具体的中期利润分配方案。本行 2025 年 12 月 23 日召开的第五届董事会第六十六次会议审议通过《关于审议重庆农村商业银 ...

Core Viewpoint - Chongqing Rural Commercial Bank announced a cash dividend distribution for the first half of 2025, with a total of 2.31 billion RMB to be distributed based on a total share capital of 11.36 billion shares, with each A-share receiving a cash dividend of 0.20336 RMB [1][12]. Summary by Relevant Sections Dividend Distribution Details - The cash dividend per A-share is set at 0.20336 RMB (including tax) [3][14]. - The total cash dividend to be distributed amounts to 2.31 billion RMB (including tax), with 1.80 billion RMB allocated specifically for A-shares [6][17]. Important Dates - The record date for shareholders is January 22, 2026 [3][18]. - The ex-dividend date and cash dividend payment date is January 23, 2026 [1][18]. Distribution Method - Cash dividends for A-shareholders will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch, except for specific entities that will receive dividends directly from the bank [19][20]. - Shareholders who have completed designated trading can collect their cash dividends at their designated securities business department on the payment date [19]. Shareholder Meeting Approvals - The profit distribution plan was approved at the annual general meeting held on May 21, 2025, and further ratified by the board meeting on December 23, 2025 [3][14]. Special Notes - The cash dividend distribution does not apply to H-share shareholders, who will receive separate arrangements as detailed in announcements on the Hong Kong Stock Exchange [5][16].

Core Viewpoint - The rural commercial bank sector experienced a decline of 1.28% on January 14, with Ruifeng Bank leading the drop, while the Shanghai Composite Index fell by 0.31% and the Shenzhen Component Index rose by 0.56% [1] Group 1: Market Performance - The closing price of Qingnong Commercial Bank was 3.13, unchanged from the previous day, with a trading volume of 645,900 shares and a transaction value of 202 million yuan [1] - Zijin Bank closed at 2.79, down 0.71%, with a trading volume of 498,600 shares and a transaction value of 140 million yuan [1] - Changshu Bank's closing price was 6.96, also down 0.71%, with a trading volume of 569,400 shares and a transaction value of 398 million yuan [1] - Wuxi Bank closed at 5.87, down 0.84%, with a trading volume of 183,700 shares and a transaction value of 108 million yuan [1] - The overall rural commercial bank sector saw a net inflow of 114 million yuan from main funds, while retail investors experienced a net outflow of 1.41 billion yuan [1] Group 2: Fund Flow Analysis - Changshu Bank had a main fund net inflow of 22.95 million yuan, accounting for 5.77% of its total, while retail investors had a net outflow of 5.30 million yuan [2] - Yunnan Agricultural Commercial Bank saw a main fund net inflow of 20.12 million yuan, representing 4.30%, but a retail net outflow of 34.64 million yuan [2] - Zhangjiagang Bank recorded a main fund net inflow of 15.78 million yuan, with a retail net outflow of 29.95 million yuan [2] - Wuxi Bank had a main fund net inflow of 12.01 million yuan, which is 11.10% of its total, while retail investors faced a net outflow of 9.00 million yuan [2] - Ruifeng Bank experienced a main fund net inflow of 3.60 million yuan, with a retail net outflow of 9.82 million yuan [2]

Core Viewpoint - The recent stock purchases by executives and major shareholders in Chinese banks, such as Chongqing Rural Commercial Bank and Nanjing Bank, are seen as significant indicators of market confidence, suggesting a potential turning point for bank stocks in the medium to long term [1][2]. Group 1: Executive and Shareholder Actions - Chongqing Rural Commercial Bank announced that several executives, including the chairman and CEO, purchased a total of 192,000 shares from January 5 to January 7, 2026 [1]. - Nanjing Bank reported that its major shareholder, Zijin Group, increased its stake by 123 million shares, representing 1.00% of the total share capital, raising its total ownership to 14.02% [2]. - Qilu Bank disclosed that its executives and senior management had exceeded their planned share purchases, acquiring 771,000 shares for a total of 4.48 million yuan, which is 128% of their initial target [4]. Group 2: Market Performance and Analysis - The banking index rose by 12.04% in 2025, with 35 out of 42 A-share listed banks experiencing stock price increases, notably Agricultural Bank of China with a 52.66% rise [2]. - Analysts attribute the positive performance of bank stocks to high dividend yields and a recovering fundamental outlook, with insurance funds being significant buyers due to attractive returns [2][3]. - The overall banking revenue is expected to recover starting in 2026, with projections indicating a growth rate of around 5% by 2029, as net interest income improves alongside loan growth [5]. Group 3: Future Outlook - Analysts predict that the banking sector will enter a turning point in 2026, with most banks expected to report positive revenue growth and a reduction in the narrowing of interest margins [4][5]. - Key upcoming events to watch include the release of annual reports in March 2026 and quarterly reports in April 2026, as well as developments in government debt management and capital market dynamics [5].

Core Viewpoint - The appointment of Liu Xiaojun as the chairman of Chongqing Rural Commercial Bank is expected to enhance the execution of the bank's strategy focused on identifying and addressing gaps while tapping into potential growth areas [1] Group 1: Leadership and Strategy - Liu Xiaojun has been officially approved as the chairman of Chongqing Rural Commercial Bank as of January 8 [1] - The new chairman aims to leverage "four major advantages" and develop "three new driving forces" (digital drive, industrial chain drive, and scenario circle drive) to deepen the bank's strategic positioning in retail and technology [1] - The strategy includes addressing shortcomings and exploring potential, with a focus on consolidating advantages in urban and rural banking [1] Group 2: Financial Performance and Valuation - The bank aims to enhance its asset under management (AUM) and increase its middle-income revenue simultaneously [1] - After a period of preparation, Chongqing Rural Commercial Bank is expected to enter a performance verification phase [1] - The current valuation shows potential for upward movement and a high dividend safety margin, with a target price set at 8.29 yuan per share, maintaining a "buy" rating [1] - Comparable companies are valued at a 2026 price-to-book (PB) ratio of 0.57, with a 10% premium leading to a target PB of 0.63 for Chongqing Rural Commercial Bank [1]

Core Viewpoint - The recent increase in shareholding by major shareholders and executives in several banks reflects confidence in the banking sector's development and may signal a potential valuation recovery for bank stocks [1][6]. Group 1: Shareholder and Executive Purchases - Yunnan Rural Commercial Bank announced that several directors and senior management purchased 192,000 shares between January 5 and January 7, 2026, at prices ranging from RMB 6.36 to RMB 6.42 per share [7]. - Nanjing Bank reported that its major shareholder, Zijin Group, increased its stake by 123,472,060 shares, representing 1.00% of the total share capital, between September 11, 2025, and January 12, 2026 [7]. - Qilu Bank disclosed that its directors, supervisors, and senior management successfully purchased 771,000 shares for a total of RMB 4.48 million, exceeding their initial commitment of at least RMB 3.5 million [2][7]. Group 2: Market Signals and Insights - Analyst Yang Haiping indicated that the increase in shareholding sends three signals: it supplements the capital of listed banks, demonstrates shareholder confidence in future performance, and may serve as a catalyst for valuation recovery [8]. - The insurance sector is increasingly investing in bank stocks, with significant purchases from companies like Ping An Life, reflecting a strategic long-term choice rather than a short-term tactical adjustment [9]. Group 3: Future Outlook - Multiple institutions predict that the trend of increasing interest in bank stocks will continue into 2026, with a focus on the dividend attributes of bank shares attracting long-term capital [10]. - Analysts believe that the valuation of bank stocks remains low, suggesting further potential for appreciation in the banking sector [11].

Core Viewpoint - The recent increase in shareholding by major shareholders and executives in several banks indicates confidence in the banking sector's development and potential valuation recovery [1][2][3]. Group 1: Shareholder Actions - Yunnan Rural Commercial Bank announced that six core executives collectively increased their holdings, buying 192,000 shares at prices between RMB 6.36 and RMB 6.42 per share [2]. - Nanjing Bank's major shareholder, Zijin Group, increased its stake by 123,472,060 shares, representing 1.00% of the total share capital [2]. - Qilu Bank's executives exceeded their planned share purchase, acquiring 771,000 shares for a total of RMB 4.48 million, surpassing the initial target of RMB 3.5 million [2]. Group 2: Market Signals - Analysts suggest that the increase in shareholding sends three key signals: it enhances the capital of listed banks, reflects shareholder confidence in future development, and may serve as a catalyst for valuation recovery [3]. - The actions of insurance companies, such as Ping An Life increasing their holdings in Agricultural Bank and China Merchants Bank, highlight a trend of insurance capital increasing their investments in bank stocks [4]. Group 3: Investment Outlook - The insurance sector is expected to inject over RMB 2 trillion into the market in 2026, with a growing demand for dividend-yielding assets, particularly state-owned banks offering over 4% dividend yields [4]. - Analysts from Galaxy Securities predict that the trend of long-term funds, represented by insurance capital, will continue to favor bank stocks due to their dividend characteristics and stable cash flow [5]. - Overall, the valuation of bank stocks remains low, suggesting potential for further appreciation in the sector [5].

Core Viewpoint - The recent increase in shareholding by major shareholders and executives in several banks indicates confidence in the banking sector's development and potential for valuation recovery [1][3]. Group 1: Shareholder Actions - Yunnan Rural Commercial Bank announced that six core executives collectively increased their holdings by purchasing 192,000 shares at prices ranging from RMB 6.36 to 6.42 per share [2]. - Nanjing Bank reported that its major shareholder, Zijin Group, increased its stake by 123,472,060 shares, representing 1.00% of the total share capital [2]. - Qilu Bank's executives exceeded their planned share purchase, acquiring 771,000 shares for a total of RMB 4.48 million, surpassing the initial target of RMB 3.5 million [2]. Group 2: Market Signals - Analysts suggest that the increase in shareholding by major shareholders sends three key signals: it enhances the capital of listed banks, reflects confidence in future development and stock performance, and may serve as a catalyst for valuation recovery [3]. - The actions of insurance companies, such as Ping An Life, to increase holdings in major banks highlight a trend of institutional investment in the banking sector, driven by the attractive dividend yields of over 4% [4]. Group 3: Investment Outlook - The insurance sector is expected to inject over RMB 2 trillion into the market in 2026, with a growing demand for high-dividend assets, making state-owned banks attractive long-term investment targets [4]. - Analysts from Galaxy Securities maintain a positive outlook on the banking sector, anticipating continued interest from long-term funds, particularly from insurance capital [5]. - Industry insiders believe that the valuation of bank stocks remains low, suggesting potential for further appreciation [6].