(二) 可供採取行動的公司通訊指任何涉及要求本行證券持有人指示其擬如何行使其作為本行證券持有人的權利或作出選擇的公司通訊 (定義見《上市 辑即》。 PERSONAL INFORMATION COLLECTION STATEMENT "Personal Data" in this statement has the same meaning as "personal data" defined in the Personal Data (Privacy) Ordinance, Chapter 486 of the Laws of Hong Kong ("PDPO"). Your supply of the Personal Data is on a voluntary basis and for the purpose of processing your instructions as stated in this Form (the "Purposes"). If you fail to supply sufficient information, the Bank may not be able to p ...

** 獨立非執行董事 董事會： 註冊辦事處： 李國寶爵士 （執行主席） # 香港 李國章教授* （副主席） 德輔道中10號 黃子欣博士** （副主席） 李國星先生* 李國仕先生* 李民橋先生 （聯席行政總裁） # 李民斌先生 （聯席行政總裁） # 黃永光博士* 范徐麗泰博士** 李國榮先生** 唐英年博士** 李國本博士** 杜家駒先生** 蒙德揚博士** Francisco Javier SERRADO TREPAT博士* The Bank of East Asia, Limited 東亞銀行有限公司 （1918年在香港註冊成立之有限公司） （股份代號：23） # 執行董事 * 非執行董事 敬啟者： 2025年度中期以股代息計劃 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文件的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本文件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。 此乃要件 請即處理 閣下如對本文件任何方面或對應採取的行動有任何疑問， 閣下應諮詢持牌證券商或註冊證券機構、 銀行經理、律師、專業會計師或其他專業顧問。 為確定合資格收取20 ...

Contents 目錄 | Financial Highlights | 1 | 財務摘要 | 103 | | --- | --- | --- | --- | | Corporate Information | 2 | 公司資料 | 104 | | Interim Results | 3 | 中期業績 | 105 | | Consolidated Income Statement | 3 | 綜合收益表 | 105 | | Consolidated Statement of | 5 | 綜合全面收益表 | 107 | | Comprehensive Income | | | | | Consolidated Statement of Financial | 6 | 綜合財務狀況表 | 108 | | Position | | | | | Consolidated Statement of Changes in | 7 | 綜合權益變動表 | 109 | | Equity | | | | | Condensed Consolidated Cash Flow | 8 | 簡略綜合現金流量表 | 110 | | S ...

2025年9月12日，东亚银行发布公告称，为了给您提供更加优质的服务，东亚银行（中国）有限公司 （"东亚银行"）将于北京时间2025年9月21日（周日）00:00-04:00进行系统维护，届时借记卡和信用卡 所有交易（如消费，取现等）将可能受到影响。 请您根据自身的需要，提前做好相应安排。东亚银行对由此给您带来的不便深表歉意，衷心感谢您对东 亚银行的理解和支持。如有任何疑问，请致电东亚银行客户服务及投诉热线垂询。 ...

Core Viewpoint - The recent collaboration between foreign banks and internet loan platforms in China is driven by the upcoming implementation of new regulations aimed at enhancing compliance and addressing operational shortcomings in the lending process [4][5][6]. Group 1: Collaboration Details - East Asia Bank (China), Fubon Bank, Hana Bank (China), and others have disclosed their internet loan cooperation partners, which include a variety of institutions such as private banks, consumer finance companies, and internet platforms [1][2]. - Fubon Bank has the highest number of disclosed partners, totaling 52, with a significant portion being financing guarantee companies [2][3]. - Major internet platforms like Alipay and UnionPay are also collaborating with several foreign banks, indicating a trend towards leveraging established digital ecosystems for loan acquisition and servicing [2][3]. Group 2: Motivations for Collaboration - The collaboration is primarily motivated by the need for foreign banks to comply with the new internet lending regulations set to take effect on October 1, which aim to improve risk management and consumer protection [4][5]. - Foreign banks face challenges such as insufficient local market integration and limited operational experience, making partnerships with local institutions a strategic move to enhance their market presence and service offerings [5][6]. Group 3: Regulatory Context - The new regulations emphasize centralized management, risk pricing, and the establishment of a clear list of approved partners for internet lending, which foreign banks are now adhering to [4][5]. - The regulations also aim to mitigate risks associated with external partnerships, ensuring that foreign banks maintain control over their lending practices and consumer protection measures [6][7]. Group 4: Challenges Ahead - Despite the potential benefits, foreign banks must navigate the complexities of ensuring compliance and managing risks associated with their partnerships, particularly in light of the new regulatory framework [6][7]. - There is a need for foreign banks to enhance their internal capabilities while effectively managing external partnerships to ensure sustainable growth in the Chinese consumer credit market [6][7].

Core Viewpoint - The implementation of the new regulations on internet lending by commercial banks is prompting a significant adjustment in the banking sector's approach to internet loan business, focusing on compliance and quality improvement [1][3][5]. Group 1: Regulatory Changes and Bank Responses - The new regulations, referred to as "助贷新规," require banks to manage internet lending through a centralized system, ensuring compliance and risk management [6][7]. - Several banks, including Huishang Bank and East Asia Bank, have disclosed their lists of cooperative institutions for internet lending, primarily focusing on leading private banks and licensed financial institutions [3][4]. Group 2: Characteristics of Cooperative Institutions - The cooperative institutions disclosed by banks are mainly top-tier private banks, licensed consumer finance companies, and major online platforms, indicating a trend towards "head concentration" [3][5]. - For instance, Huishang Bank's partnerships include major players like Ant Group and WeBank, covering various aspects of the lending process from marketing to risk management [4]. Group 3: Implications for Banks - The shift towards compliance-driven operations may lead to a reduction in the autonomy of branch banks, potentially affecting their operational enthusiasm [7]. - The new regulations may disproportionately impact smaller banks that lack the resources and capabilities to compete effectively in the internet lending space [7][8]. Group 4: Strategic Recommendations - Larger banks are encouraged to develop self-operated channels and create ecosystems to maintain customer acquisition and risk control [8]. - Smaller banks should focus on regional markets and leverage local partnerships to enhance their operational efficiency and compliance with the new regulations [8].

Core Viewpoint - The Federal Reserve is expected to announce a 0.25% interest rate cut, with Hong Kong banks likely to follow suit by reducing the Hong Kong dollar prime rate by 0.125% [1][2] Group 1: Federal Reserve's Interest Rate Decision - The Federal Reserve is anticipated to lower interest rates by 0.25%, as indicators such as the healthy hiring rate and a low layoff rate do not support a more aggressive cut of 0.5% [1] - The market expects the Federal Reserve to implement three rate cuts within the year, with a potential strategy of reducing the prime rate by 0.125% in two separate instances [1] Group 2: Hong Kong Banking Sector Response - Hong Kong banks' prime rates are currently only 0.25% higher than before the 2022 rate hike cycle began, indicating limited room for further reductions if the U.S. rates are cut [1] - East Asia Bank's chief economist suggests that Hong Kong banks may only reduce the prime rate by 0.125% this time, not fully aligning with the U.S. rate cut [2] - If Hong Kong banks do not follow the U.S. rate cut closely, there may be implications for the Hong Kong dollar's exchange rate due to potential narrowing of the interest rate differential [1][2]

今天分享的是：东亚银行：余烬：2025年第三季宏观及投资策略报告 报告共计：46页 东亚银行2025年第三季宏观及投资策略报告总结 2025年上半年，全球经济与政治格局深度调整，贸易关系、地缘政治变化引发金融市场剧烈波动，为下半年市场奠定多变基 调。虽中美贸易关系出现转机、美国推进《大而美法案》、以伊战事短期结束，但关税政策走向、法案利弊等关键问题仍未明 确。 从宏观策略看，关税战、去美元化及黄金避险需求将持续影响市场，特朗普政府政策及美联储货币政策的不确定性，可能导致 市场消息交错、投资情绪骤变。当前关税战最坏时刻或已过去，但仍有波动；去美元化短期难实现，不过投资者减少美元资产 持有成趋势；黄金因避险需求及央行购金等因素，价格有望继续上行。 宏观经济方面，受保护主义影响，全球经济增长预计放缓至疫后复苏最低点，2025年全球经济增长率或从2024年的3.3%降至 2.8%。美国经济面临政策反复、关税冲击等压力，2025年全年增长预测仅1.2%，美联储下半年或重启减息。欧洲经济凭借公共 开支对冲关税压力，将温和增长，欧洲央行减息周期或接近尾声。中国经济展现韧性，通过政策刺激稳增长，有望实现5%左右 的年度目标。 ...

Group 1 - The core viewpoint of the article indicates that the U.S. labor market is showing significant signs of slowing down, with expectations for non-farm payrolls to remain below 100,000 for August, and an anticipated unemployment rate increase to 4.3% [1] - The Chief Economist of East Asia Bank, Zhuo Liang, agrees with the assessment of a slowing labor market and suggests that the Federal Reserve is likely to cut interest rates this month, with a high probability of a 25 basis point reduction [1] - There is a possibility of data revisions from the statistical bureau, as past non-farm payroll data has shown considerable volatility, which may affect market expectations for interest rate cuts [1] Group 2 - Zhuo Liang forecasts a total interest rate reduction of 50 basis points in the second half of the year, followed by an additional 100 basis points in the following year [1] - The article notes that significant revisions in non-farm payroll data in the past have been linked to statistical methods and low response rates in surveys, indicating potential for future revisions depending on the new statistical bureau director's reforms [1]

Group 1 - The non-executive director Li Guoshi of East Asia Bank (00023) reduced his holdings by 10,000 shares at a price of HKD 13 per share, totaling HKD 130,000 [1] - After the reduction, the latest number of shares held by Li Guoshi is approximately 12.9346 million shares, representing a holding percentage of 0.49% [1]