After being out of stock for several weeks, Industrial and Commercial Bank of China (ICBC) has renewed quotas for its five-year large-denomination certificates of deposit with an annualized yield of 1.60%, while launching two new three-year products.

1. ICBC's five-year deposit product, with an annualized yield of 1.60%, which had been out of stock for an extended period, has been relaunched with ample quota available. 2. Additionally, ICBC has listed two three-year large-denomination certificate of deposit (CD) products with an annualized yield of 1.55%, both subject to certain eligibility thresholds. 3. Industry analysts suggest that this move reflects banks' continued significant demand for low-cost, long-duration liabilities.

cls.cnSep 4 10:15

Divergence intensifies in the bancassurance channel among top five insurers! Ping An’s premium income grew by RMB 24.9 billion, while three insurers recorded negative growth.

① The 2026 semi-annual report reveals a divergence in bancassurance cooperation, characterized by "differentiation among insurers and quality improvement among banks," marking a shift from a scale-driven logic to a value-driven logic. ② On the insurer side, growth rates in the bancassurance channel diverged among the five listed insurers: Ping An led with single-premium income of RMB 66.495 billion, surging 59.9%; CPIC and others reduced lump-sum premiums to promote regular premium payments, thereby improving value margins.

cls.cnSep 3 18:30

Nearly 20 million credit cards were canceled in the first half of the year; Bank of China, Postal Savings Bank of China, and China Merchants Bank continued to expand against the trend. Can AI computing power cards usher in a new golden age?

1. While the outstanding credit card balances at most banks have declined significantly, Bank of China, Postal Savings Bank of China, and China Merchants Bank bucked the trend in the first half of the year, recording a slight increase in their credit card portfolios. 2. Although the era of aggressive market expansion for credit cards has passed, banks continue to seek ways to unlock the intrinsic value of credit cards through strategies such as deploying AI-enabled credit card services.

cls.cnSep 3 09:34

0.0246%! Lottery rate for the third most expensive IPO of the year is announced | Post-market Announcement Roundup

As of August 31, Zhang Jianping has exited the list of the top ten shareholders of Zhongji Innolight. He was ranked as the ninth-largest shareholder at the end of the second quarter.

cls.cnSep 2 20:31

Fee reforms bottom out and rebound after three years; total fees for public mutual funds in the first half exceed RMB 120 billion, with two key uncertainties remaining.

① In the first half of the year, the total amount of the four major fees for public fund management—management fees, trading commissions, custody fees, and sales service fees—reached RMB 120.594 billion, a year-on-year increase of 6.57%; ② The expansion in scale was the primary driver behind the growth in total fees; ③ Since the implementation of fee reforms, trading commissions have bottomed out and rebounded after nearly halving, while management and custody fees have experienced a "V-shaped" reversal. Sales service fees have continued to rise, making them the only category that has not declined.

cls.cnSep 2 17:53

Listed banks are collectively stepping up write-offs, with ICBC’s one-time clearance of over RMB 80 billion in non-performing assets sparking widespread discussion. Why such a significant move?

① Industrial and Commercial Bank of China (ICBC) was not the only institution to intensify its write-off efforts in the first half of this year; other banks, including China Construction Bank, Huaxia Bank, Ping An Bank, and Bank of Jiangsu, also significantly increased their write-offs. ② There are multiple reasons for banks to accelerate the write-off of non-performing loans (NPLs): on one hand, regulatory authorities have encouraged such actions; on the other hand, there is pressure to clear out bad debts. ③ Such large-scale write-offs are generally one-time measures and are not expected to occur frequently.

cls.cnSep 2 10:45