Visão rápida dos bancos na semana (23.02—27.02)

Finance Web × Enterprise Warning App

◆****Regulatory Voice

February LPR quotes released** unchanged for 9 consecutive months**

On February 24th, the People’s Bank of China authorized the National Interbank Funding Center to announce that the Loan Prime Rate (LPR) for February 24, 2026, is: 1-year LPR at 3.0%, over 5 years LPR at 3.5%. The LPR has remained unchanged for nine consecutive months.

People’s Bank of China issues document supporting and regulating cross-border RMB interbank financing

To enhance the openness of the capital account, develop the offshore RMB market, and improve macroprudential management of cross-border capital flows, on February 26th, the People’s Bank of China issued the “Notice on Matters Concerning RMB Cross-border Interbank Financing by Banking Financial Institutions,” further supporting domestic banking financial institutions and foreign institutions to conduct RMB cross-border interbank financing in a regulated manner. The “Notice” takes effect from the date of issuance.

People’s Bank of China decides to lower the foreign exchange risk reserve ratio for forward sales to 0

To promote the development of the foreign exchange market and support enterprises in managing exchange rate risks, the People’s Bank of China has decided that from March 2, 2026, the foreign exchange risk reserve ratio for forward sales will be lowered from 20% to 0%. Next, the People’s Bank of China will continue to guide financial institutions to optimize their foreign exchange hedging services for enterprises, maintaining the RMB exchange rate at a reasonable and balanced level.

◆****Industry Focus

Targeting Year-End Bonuses and Red Envelopes** Bank Wealth Management Enters “Golden Window Period”**

With the post-holiday “return to work” wave beginning, bank wealth management products are also starting to “get to work.” As of February 26th, more than 10 bank wealth management institutions have launched “start-of-work” strategies. From the types of products recommended by various institutions, low-volatility and stable products remain mainstream, with investment thresholds significantly lowered, and several products starting at just 1 yuan appearing on institutional lists. Additionally, the period after the Spring Festival has become an important window for many institutions to promote new products.

◆****Company News

35 new state-owned legal person shareholders, Hubei Bank raises 7.614 billion yuan through private placement

Hubei Bank recently disclosed in its targeted issuance report that it has completed the issuance of 1.8 billion shares, raising a total of 7.614 billion yuan. After the change, the total share capital increased to 9.412 billion shares, and registered capital increased to 9.412 billion yuan. The issuance involved 53 legal person shareholders, including 18 existing legal shareholders and 35 new state-owned legal shareholders. Among them, the largest shareholder, Hongtai Group, subscribed for 360 million shares, with an investment of approximately 15.23 billion yuan at the issuance price of 4.23 yuan per share. After the capital increase, Hongtai Group’s shareholding ratio remains at 19.99%.

◆****Personnel Changes

Changsha Bank: Zhang Man resigns as President due to job change, continues as Chairman and other roles

On February 25th, Changsha Bank announced that the board received a written resignation letter from Zhang Man. Due to a job change, Zhang Man applied to resign as President of Changsha Bank. After resigning, Zhang Man will continue to serve as Chairman, Director, Chair of the Strategy and Sustainable Development Committee, member of the Board, Remuneration and Nomination Committee, and Risk Control and Related Party Transactions Committee. Zhang Man’s original term was set to expire on May 21, 2028, and the resignation took effect from February 24, 2026.

Wang Cheng approved as President of Sichuan Tianfu Bank

On February 26th, the Sichuan Financial Regulatory Bureau issued the “Approval of Wang Cheng’s Qualification for President of Sichuan Tianfu Bank Co., Ltd.,” confirming Wang Cheng’s qualification for the position.

Great Wall Huaxi Bank: Chairman Wang Fubiao and Vice President Wang Zhenfei approved for positions

On February 26th, the Sichuan Financial Regulatory Bureau approved the qualifications of Wang Fubiao as Director and Chairman of Great Wall Huaxi Bank Co., Ltd., and Wang Zhenfei as Vice President of the same bank.

Ningbo Bank: Elects Zhuang Lingjun as Chairman, Feng Peijiong as President

On February 26th, Ningbo Bank announced that its 9th Board of Directors held its first meeting. The meeting approved the proposal to elect Zhuang Lingjun as Chairman of the 9th Board of Ningbo Bank. The qualification of Zhuang Lingjun as Chairman is subject to approval by Ningbo Financial Regulatory Bureau. The meeting also approved the appointment of Feng Peijiong as President of Ningbo Bank. Feng Peijiong’s qualification as President is also subject to approval by Ningbo Financial Regulatory Bureau.