Weekly Bank Overview (3.20—3.27)

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◆ Regulatory Voices

The China Financial Regulatory Administration publicly solicits comments on the 《Administrative Measures for Financial Consumer Complaint Handling by Banking and Insurance Institutions (Revised Draft for Comment Solicitation)》

To protect the lawful rights and interests of financial consumers, standardize consumer complaint handling work by banking and insurance institutions, and promote diversified resolution of financial consumer disputes, the China Financial Regulatory Administration, based on the 《Administrative Measures for Consumer Complaint Handling by the Banking and Insurance Industry》, has revised and formed the 《Administrative Measures for Financial Consumer Complaint Handling by Banking and Insurance Institutions (Revised Draft for Comment Solicitation)》, and is now publicly soliciting comments from the public. The Measures’ full text includes six chapters: general provisions, institutional mechanisms, consumer complaint handling, diversified resolution of consumer disputes, supervision and administration, and supplementary provisions, with 52 articles in total. The Measures specify that financial consumer complaint handling should adhere to the principles of compliance with laws and regulations, diversified resolution, convenient and efficient handling, and both治標 and治本.

Financial Law Draft Publicly Solicited for Comments

On March 20, 2026, the Ministry of Justice, the People’s Bank of China, the China Financial Regulatory Administration, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange released the 《Financial Law of the People’s Republic of China (Draft)》 on their portal websites, publicly soliciting comments from the public. The draft consists of 11 chapters and 95 articles. It comprehensively summarizes and absorbs the achievements and experience in China’s financial rule-of-law construction since the 18th National Congress of the Communist Party of China, based on the new tasks and new requirements faced along the new journey in the new era. It transforms the Party Central Committee’s decision-making arrangements for financial work, theoretical innovations, and reform outcomes formed in financial management practice, as well as effective approaches, into legal norms that the entire industry and all of society must jointly follow, providing solid rule-of-law support for accelerating the building of a strong financial country.

◆◆ Industry Watch

Multiple Banks Issue Risk Warnings for Precious Metals Markets

Recently, multiple banks, including Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, and China Merchants Bank, have released risk warning notices for the precious metals market. The announcements state that currently precious metals prices are experiencing intense fluctuations, market uncertainty has risen significantly, and customers are advised to enhance risk prevention awareness. Customers should make rational investments based on their own financial conditions and risk tolerance, and reasonably control their positions.

◆◆ Corporate Updates

Postal Savings Bank: Postal Finance Investment Approved to Commence Operations

Postal Savings Bank announced that it has recently received approval from the National Financial Regulatory Administration. Postal Finance Asset Investment Co., Ltd. has been approved to commence operations, with registered capital of RMB 10 billion and its registered address in Beijing. Postal Finance Investment will focus on serving the real economy, carry out market-oriented debt-to-equity swap and equity investment pilot businesses, support technological innovation and the development of private enterprises, help develop new quality productive forces, and promote the bank’s high-quality development.

Rumor: May Apply to Revoke Private Banking Exclusive License; Bank of Communications: Implement Institutional and Mechanism Reform for the Retail Segment; Existing Business Not Affected

Recently, there have been reports that Bank of Communications plans to apply to revoke its license for private banking exclusive institutions. Public information shows that Bank of Communications’ Private Banking Department was approved to obtain its license in 2012. In response, Bank of Communications said that, to strengthen the characteristics of wealth management finance and improve customer service capabilities, the bank, after being deliberated and approved by its board of directors, will implement institutional and mechanism reform for the retail segment and conduct relevant organizational structure adjustments. Relevant work is currently being advanced in a prudent manner strictly in accordance with the required procedures. Existing private banking services, rights and interests, procedures, etc. will not be affected. Bank of Communications stated that it will always adhere to a customer-centered approach and continue to provide better and more efficient financial services. Thank customers and the public for their support and attention to Bank of Communications.

Xiamen International Bank Approved to Increase Capital to RMB 17.567142859 Billion

The Xiamen branch of the National Financial Regulatory Administration issued an approval letter agreeing to an increase in registered capital of RMB 520,833,333 for Xiamen International Bank Co., Ltd., changing it from RMB 17,046,309,526 to RMB 17,567,142,859

Ping An Bank: 2025 Net Profit RMB 42.633 Billion, Down 4.2% YoY

Ping An Bank announced that in 2025, total assets reached RMB 5,925.77 billion, up 2.7% from the end of the prior year. Operating income was RMB 131.442 billion, down 10.4% year over year. Net profit was RMB 42.633 billion, down 4.2% year over year. The company has deepened efforts in “five major articles,” including technology finance and green finance, optimizing its asset-liability structure and strengthening risk management and control. The ratio of non-performing loans fell to 1.05%.

CITIC Bank: 2025 Net Profit RMB 70.618 Billion, Up 2.98% YoY

CITIC Bank announced that in 2025, operating income was RMB 212.475 billion, down 0.55% year over year. Net profit was RMB 70.618 billion, up 2.98% year over year. In 2025, CITIC Bank’s net profit surpassed RMB 70 billion, up 3% year over year; the ratio of non-performing loans fell to 1.15%, and the provision coverage ratio remained stable at more than 200%. Total assets crossed the RMB 10 trillion milestone.

Luzhou Bank: In 2025, Attributable Net Profit RMB 1.541 Billion, Up 20.83% YoY

On March 23, Luzhou Bank released its 2025 annual performance announcement. The data shows that during the reporting period, the bank achieved operating income of RMB 4.861 billion, down 6.69% year over year; and attributable net profit to shareholders was RMB 1.541 billion, up 20.83% year over year.

Chongqing Bank: 2025 Growth Rates of Operating Income and Attributable Net Profit Both Exceeded 10%

On March 24, Chongqing Bank released its 2025 annual report. The data shows that in 2025, the bank achieved operating income of RMB 15.113 billion, up 10.48% from the same period last year; net profit was RMB 6.105 billion, up 10.58% from the same period last year; attributable net profit to shareholders was RMB 5.654 billion, up 10.49% from the same period last year; and growth rates of operating income and net profit both exceeded 10%.

Yu Nong Commercial Bank: 2025 Net Profit RMB 12.128 Billion, Up 5.35% YoY

Yu Nong Commercial Bank announced that in 2025, operating income was RMB 28.648 billion, up 1.37% year over year; attributable net profit to shareholders was RMB 12.128 billion, up 5.35% year over year. It successfully obtained approval for securities investment fund custody qualification, filling the gap for all municipal-level corporate banks in this area.

Bohai Bank: 2025 Net Profit RMB 5.498 Billion, Up RMB 242 Million YoY

On March 26, Bohai Bank released its 2025 annual performance announcement. The data shows that in 2025, the bank achieved operating income of RMB 25.970 billion, up RMB 0.488 billion year over year, an increase of 1.92%; net profit was RMB 5.498 billion, up RMB 0.242 billion year over year, an increase of 4.61%; and the cost-to-income ratio was 38.01%, down 1.00 percentage point.

Qingdao Bank: In 2025, Attributable Net Profit RMB 5.188 Billion, Up 21.66% YoY

On March 26, Qingdao Bank released its 2025 annual report. The data shows that by the end of the reporting period, the bank’s total assets exceeded RMB 810 billion, reaching RMB 814.96 billion; customer deposits exceeded RMB 500 billion, reaching RMB 502.899 billion; and total customer loans were nearly RMB 400 billion, reaching RMB 397.008 billion. In terms of profitability, during the reporting period Qingdao Bank achieved operating income of RMB 14.573 billion, an increase of RMB 1.075 billion from the previous year, up 7.97%; and achieved attributable net profit to parent company shareholders of RMB 5.188 billion, up 21.66% from the previous year.

Huishang Bank: 2025 Net Profit RMB 16.926 Billion; Non-performing Ratio Falls to 0.98%

On March 26, Huishang Bank released its 2025 annual performance announcement. The data shows that by the end of the reporting period, the bank’s total assets were RMB 2,326.085 billion, up RMB 312.332 billion from the end of the prior year, an increase of 15.51%. Among them, total customer loans and advances were RMB 1,130.492 billion, up RMB 128.326 billion from the end of the prior year, an increase of 12.80%. Total liabilities were RMB 2,153.588 billion, up RMB 301.502 billion from the end of the prior year, an increase of 16.28%. During the reporting period, Huishang Bank achieved operating income of RMB 37.670 billion, an increase of RMB 4.38 billion from the same period last year, up 1.18%; net profit was RMB 16.926 billion, an increase of RMB 10.09 billion from the same period last year, up 6.34%.

Shanghai Bank: 2025 Operating Income RMB 54.761 Billion, Up 3.35% YoY

Shanghai Bank announced that in 2025 operating income was RMB 54.761 billion, up 3.35%; net profit attributable to shareholders of the parent company was RMB 24.193 billion, up 2.69%. By the end of the year, total assets reached RMB 3,308.752 billion, up 2.54% from the end of the prior year, and the non-performing loan ratio was maintained at 1.18%. The company continues to advance strategic transformation and enhance its ability to serve the real economy.

◆◆ Financial Personnel

Ping An Bank: The 3rd Meeting of the 13th Board of Directors Approves the Appointment of Wu Leiming as Vice President

Ping An Bank announced that the 3rd meeting of the 13th session of the board of directors was held on March 20, 2026, and approved motions including the 《2025 Annual Report》 and the 《2025 Profit Distribution Plan》. Among them, it is proposed that in 2025, cash dividends of RMB 5.96 per 10 shares (including tax) will be distributed, totaling RMB 11.566 billion; the meeting also agreed to appoint Wu Leiming as vice president, and his term of office needs to be approved by the National Financial Regulatory Administration. In addition, the meeting also deliberated multiple reports including financial budget and risk management.

(Editor: Wang Xinyu)

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