Weekly Bank Overview (3.27—4.3)

LightningPacketLoss · 2026-04-05T13:48:26+00:00

The People's Bank of China has added 12 new digital renminbi business operation institutions to promote inclusive financial services. At the same time, several small and medium-sized banks have lowered deposit interest rates, creating an "interest rate inversion." The six major banks have all achieved revenue and net profit growth, with plans to distribute dividends exceeding 400 billion yuan. China Everbright Bank and Bank of Communications recently corrected errors in their annual report data and announcements. Additionally, China Everbright Bank and Bank of China appointed new vice presidents, and the CFO of China Construction Bank resigned due to age.

LightningPacketLoss

2026-04-05 13:48:26

Abstract generation in progress

Finance Network × Enterprise Early Warning App

◆ Regulatory Voices

The People’s Bank of China adds 12 digital yuan business operating institutions

On April 2, 2024, the People’s Bank of China said that, to implement the decisions and deployments in the “Fifteenth Five-Year Plan” outline regarding “steady development of the digital yuan,” and further enhance the inclusiveness of digital yuan services, while continuously responding to public demand for safe, convenient, and efficient digital yuan services, it has added Citic Bank, China Everbright Bank, Huaxia Bank, China Minsheng Bank, 广发 Bank, Shanghai Pudong Development Bank, Zheshang Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, and Suzhou Bank as banking-type digital yuan business operating institutions, and connected them to the central bank-side digital yuan system. After completing business and technical preparations, the newly added institutions will carry out digital yuan business. After this expansion, the number of digital yuan business operating institutions has expanded to 22. Previously, a total of 10 digital yuan operating institutions had been formally approved by the People’s Bank of China.

◆** Industry Watch**

Many small and mid-sized banks cut deposit rates in quick succession; “inverted interest rates” becomes widespread

Recently, many small and mid-sized banks have seen another wave of deposit interest rate adjustments. Since March, dozens of small and mid-sized banks have densely lowered the interest rates on their deposit listings, including Xinjiang Bank, Yunnan Yuanjiang North Bank rural bank, Heilongjiang Youyi Rural Commercial Bank, and Nanjing Pukou Jingfa rural bank, among others. For 2-year, 3-year, and 5-year fixed-term deposit products, the interest rates have generally been cut to below 2%, officially entering the era of “a 1-digit prefix.”

The six major state-owned banks all see both revenue and net profit increase; 2025 total dividends expected to exceed 400 billion yuan

As of March 30, the “performance scorecards” for 2025 from Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank have been released. During the reporting period, all six major banks recorded “both revenue and net profit growth,” earning a combined net profit of about 1.42 trillion yuan, and the core operating indicators of many banks improved quarter by quarter. In 2025, to support real economic development, the six major banks further optimized the allocation of financial resources; loan growth rates in key areas such as technological innovation and inclusive small and micro lending were higher than the average loan growth rate. The six major banks also delivered “big-time” dividend payouts, returning cash directly to investors; the total dividends planned for the full year are expected to exceed 400 billion yuan. Looking ahead to 2026 business development, management teams at several major banks expect a positive outlook.

◆** Corporate Updates**

After the “two sets of data” annual report fiasco, Everbright Bank corrects at night on the HKEX

On the evening of April 1, Everbright Bank released two sets of correction announcements on the Hong Kong Exchanges and Clearing (HKEX), revising the branch institution asset size data in its 2025 H-share annual report, and simultaneously updating its A-share annual report to ensure that the four annual report datasets disclosed by the Shanghai Stock Exchange and HKEX are completely consistent. Previously (on March 30), in the annual reports published on the two exchanges, this bank showed a discrepancy of up to 10 times in the asset size of some branches; however, the total number of branch institutions and the overall total assets of the bank remained consistent. Notably, the Shanghai Stock Exchange version had been replaced, and the discrepancy before replacement was consistent with the first version from the HKEX, but the bank did not timely explain or issue a correction announcement. Everbright Bank emphasized that this revision only involves branch institution asset size data and does not affect annual performance or other financial information.

Bank of Communications: Correcting textual errors in the announcement of the 2025 profit distribution plan

In an announcement, Bank of Communications stated that the “Announcement of the 2025 Profit Distribution Plan” disclosed on March 27, 2026 had text errors due to insufficient proofreading, and has now been corrected. In the original announcement, the annual cash dividend per share was mistakenly written as 3.247 yuan, and has been corrected to a cash dividend of 3.247 yuan per 10 shares; all other content remains unchanged. The company apologized for this and committed to strengthening the review and verification of information disclosure.

◆** Financial Personnel**

Everbright Bank: Appointing Wang Yongqi as Vice President

Everbright Bank announced that it has recently received the “Reply on the Qualification for Wang Yongqi’s Appointment as Vice President of Everbright Bank” from the National Financial Regulatory Administration, approving Wang Yongqi’s qualification to serve as Vice President.

Bank of China: Appointing Huang Xueling as Vice President

Bank of China announced that its board of directors approved the appointment of Ms. Huang Xueling as the bank’s Vice President on March 3, 2026, and the National Financial Regulatory Administration has approved her appointment qualification; she has assumed office effective March 27, 2026.

China Construction Bank: Chief Financial Officer Sheng Liurong resigns due to age

China Construction Bank announced that its Chief Financial Officer Sheng Liurong resigned due to age reasons, effective March 31, 2026. Sheng Liurong confirmed that there are no different opinions from the board of directors, has completed handover arrangements, and expressed thanks to the directors and senior management. The board of directors gave a highly appraisal of her contributions and extended its sincere thanks.

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(Editor: Wang Xinyu)

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