本次终止申报审核，不会对本行的经营活动和财务状况产生不利影响。 智通财经APP讯，建设银行(00939)发布公告，有关本行附属公司建信住房服务有限责任公司(建信住房) 作为原始权益人，以建信住房持有的保障性租赁住房项目申报发行公募 REITs，产品名称为"建信建融 家园租赁住房封闭式基础设施证券投资基金"(本项目)。本项目于2024年3月获中国证券监督管理委员会 和上海证券交易所受理。为进一步整合项目资源，优化运营管理，本项目的基金管理人和专项计划管理 人已向中国证券监督管理委员会、上海证券交易所申请撤回本项目基金注册、上市及资产支持专项计划 挂牌转让申请等材料。截至本公告日期，本项目已终止在中国证券监督管理委员会和上海证券交易所的 申报审核流程。 ...

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公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 00939 於本公告日期，本行的執行董事為張金良先生、張毅先生和紀志宏先生，本行 的非執行董事為辛曉岱女士、劉芳女士、李璐女士、李莉女士和竇洪權先生，本 行的獨立非執行董事為威廉•科恩先生、梁錦松先生、詹誠信勛爵、林志軍先生和 張為國先生。 關於公募REITs終止申報審核的公告 茲提述中國建設銀行股份有限公司（「本行」）日期為2023年10月13日及2024年3月1 日的公告（「公告」），內容有關本行附屬公司建信住房服務有限責任公司（「建信住 房」）作為原始權益人，以建信住房持有的保障性租賃住房項目申報發行公募 REITs，產品名稱為「建信建融家園租賃住房封閉式基礎設施證券投資基金」（「本項 目」）。本項目於2024年3月獲中國證券監督管理委員會和上海證券交易所受理。除 文義另有所指外，本公告所用詞彙與公告所界定者具有相同涵義。 為進一步整合項目資源，優化運營管理，本項目的基金管理人和專項計劃管理人 已 ...

Core Insights - The bond underwriting market in 2025 shows a clear trend of "the strong getting stronger," with market share concentrated among a few leading institutions [1][4][8] - Competition among underwriters is intensifying, with banks and securities firms leveraging their unique strengths to differentiate themselves [2][6] - Regulatory bodies are taking steps to ensure market order and prevent irrational competition, particularly in pricing and underwriting practices [2][6] Group 1: Market Overview - The total bond issuance in 2025 reached 89.76 trillion yuan, a year-on-year increase of approximately 11% [2] - The issuance of interest rate bonds was 33.80 trillion yuan, up 18%, while credit bonds reached 21.95 trillion yuan, growing by 8% [2] - The market is characterized by a large total volume, diverse categories, and differentiated competition [2] Group 2: Competitive Landscape - In the banking sector, China Bank led with over 16 trillion yuan in underwriting, capturing more than 10% of the market share [4] - The top four state-owned banks collectively hold nearly 40% of the market share, indicating a strong position [4] - In the securities sector, CITIC Securities topped the list with 22,496.07 billion yuan in underwriting and a market share of 14.08% [4][5] Group 3: Sector-Specific Insights - Local government bond issuance reached a record high of approximately 10.29 trillion yuan, reflecting a year-on-year growth of 5.2% [6] - The financial bond market is predominantly led by securities firms, with CITIC Securities holding a market share of 17.56% [6] - The asset-backed securities (ABS) market shows a concentration of resources among leading firms, with CITIC Securities leading at 12.32% market share [7] Group 4: International Market Dynamics - The offshore bond market saw a total issuance of approximately $307.07 billion, a year-on-year increase of about 15.75% [7][8] - The market features a mix of domestic and foreign institutions, with China Bank leading at $14.70 billion in underwriting [8] - The competitive landscape in the offshore market is relatively dispersed, with no single institution dominating [8]

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report provides a comprehensive analysis of 127 regional banks in Jiangsu Province, highlighting their asset and liability structures, profitability, and asset quality [6][18] - Jiangsu's regional banks have shown a significant increase in asset growth, with major city commercial banks growing at 19.4%, surpassing the growth of listed city commercial banks at 14.2% [24][26] - The report indicates that the loan-to-asset ratio for city commercial banks is projected to reach 48.4% in 2024, reflecting a gradual increase in lending activities [30] - Jiangsu's regional banks exhibit better return on assets (ROA) compared to listed banks, with city commercial banks outperforming by 16 basis points and rural commercial banks by 9 basis points [6][42] - The asset quality of Jiangsu's regional banks is superior to that of listed banks, with lower non-performing loan ratios and higher provision coverage ratios [6][42] Summary by Sections 1. Economic Structure of Jiangsu Province - Jiangsu Province is focusing on new industrialization and strategic emerging industries, with significant contributions from cities like Nanjing and Suzhou [13][14] 2. Overview of 127 Regional Banks in Jiangsu - The report categorizes the banks into city commercial banks, rural commercial banks, and others, with a total of 127 banks established between 2006 and 2015 [18][20] 3. Asset/Liability Structure - The asset growth of major city commercial banks is accelerating, while rural commercial banks are experiencing a decline in growth rates [24][26] - The loan-to-asset ratio for city commercial banks is expected to increase to 48.4% by 2024, indicating a shift towards more lending [30] 4. Profitability - Jiangsu's regional banks have a higher ROA compared to listed banks, with city commercial banks showing a 16 basis point advantage [6][42] 5. Asset Quality/Capital Levels - Jiangsu's regional banks maintain a lower non-performing loan ratio compared to listed banks, with city commercial banks having a 30 basis point lower ratio [6][42]

（来源：北京商报） 北京商报讯（记者 宋亦桐）1月23日，据中央纪委国家监委网站消息，据中央纪委国家监委驻中国建设 银行纪检监察组、北京市纪委监委消息：日前，中央纪委国家监委驻中国建设银行纪检监察组、北京市 通州区监委对中国建设银行浙江省分行原党委书记、行长高强严重违纪违法问题进行了立案审查调查。 经查，高强丧失理想信念，背弃初心使命，对抗组织审查，转移、隐匿证据；无视中央八项规定精神， 收受可能影响公正执行公务的礼品、礼金、消费卡；违反组织原则，违规为他人谋取人事方面利益并收 受财物；廉洁底线失守，违规向从事公务的人员赠送礼品，违规从事营利活动，离职后违规任职取酬； 违反生活纪律，长期打牌赌博；贪欲膨胀，利用职务便利为他人在贷款融资等方面谋取利益，并非法收 受巨额财物。 高强身为国有金融机构党员领导干部，纪法意识淡漠，甘于被"围猎"，在职期间以贷谋私、以股谋利， 离职后以"工资""顾问费"等名义敛财，搞银企"旋转门"式腐败，严重违反党的政治纪律、组织纪律、廉 洁纪律、生活纪律，构成严重职务违法并涉嫌受贿犯罪，且在党的十八大、十九大后不收敛、不收手， 甚至在党的二十大后仍不知止，性质严重、影响恶劣，应予严肃处 ...

高强身为国有金融机构党员领导干部，纪法意识淡漠，甘于被"围猎"，在职期间以贷谋私、以股谋利， 离职后以"工资""顾问费"等名义敛财，搞银企"旋转门"式腐败，严重违反党的政治纪律、组织纪律、廉 洁纪律、生活纪律，构成严重职务违法并涉嫌受贿犯罪，且在党的十八大、十九大后不收敛、不收手， 甚至在党的二十大后仍不知止，性质严重、影响恶劣，应予严肃处理。依据《中国共产党纪律处分条 例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分法》等有关规定，经中国建设银行 党委研究，决定给予高强开除党籍处分；收缴其违纪违法所得；北京市通州区监委将其涉嫌犯罪问题移 送检察机关依法审查起诉，所涉财物一并移送。 （中央纪委国家监委驻中国建设银行纪检监察组、北京市纪委监委） 责任编辑：王馨茹 中央纪委国家监委网站讯据中央纪委国家监委驻中国建设银行纪检监察组、北京市纪委监委消息：日 前，中央纪委国家监委驻中国建设银行纪检监察组、北京市通州区监委对中国建设银行浙江省分行原党 委书记、行长高强严重违纪违法问题进行了立案审查调查。 中央纪委国家监委网站讯据中央纪委国家监委驻中国建设银行纪检监察组、北京市纪委监委消息：日 前，中央纪委国家 ...

Core Viewpoint - The article emphasizes the role of financial support in accelerating the digital and intelligent transformation of the manufacturing industry in Jiangsu, highlighting various projects funded by the Bank of China Jiangsu Branch to facilitate this transition [1][2][4]. Financial Support for Intelligent Upgrades - The Jiangsu Branch of the Bank of China is increasing financial support for the digital transformation of the manufacturing sector, addressing challenges such as high initial investment and long construction cycles [2][4]. - A loan of nearly 1 billion yuan was issued to a smart equipment company in the new energy vehicle sector to support the construction of an intelligent factory for high-safety battery components, which will enhance production capacity and drive the upgrade of over 200,000 vehicles [2]. - In the semiconductor industry, a loan of 87 million yuan was provided to support advanced packaging projects, facilitating the transition to "smart packaging" and enhancing performance in the post-Moore era [2][3]. Support for Precision Manufacturing and Traditional Industries - A loan of 300 million yuan was granted to Jiangsu Jingyan Technology Co., Ltd. to support the production of precision components for new consumer electronics, aiding the shift from precision to intelligent manufacturing [3]. - In the textile industry, a loan of 10.3 million yuan was allocated for equipment upgrades and green transformation, promoting a shift towards intelligent and sustainable practices [3]. Innovation in Financial Products - The Bank of China Jiangsu Branch is enhancing its service system centered on technology finance, offering innovative credit products to meet the specific needs of technology-driven enterprises [4]. - An 80 million yuan loan was provided to Jiangsu Changtai Pharmaceutical Co., Ltd. to support new drug development, addressing the financing challenges associated with long R&D cycles [4]. Emerging Industries and Collaborative Financial Models - The Bank of China is exploring integrated financial service models to support emerging industries, including new materials and renewable energy, through credit support and equity investment [7]. - A 60 million yuan investment was made in a new materials company to support domestic alternatives for key technologies, demonstrating a successful collaborative financial approach [7]. - A loan of 250 million yuan was issued to support a major project in high-end equipment manufacturing, enhancing production efficiency and capacity for strategic industries [7]. Local Industry Transformation - The Bank of China is providing tailored financial solutions to traditional manufacturing enterprises to facilitate their digital upgrades, including a 5 million yuan credit for a washing machine project [8]. - The bank's financial initiatives are seen as a driving force behind the digital transformation of Jiangsu's manufacturing sector, transitioning from "blood transfusion" support to "blood production" empowerment [8].

国家知识产权局信息显示，中国建设银行股份有限公司取得一项名为"节点分类方法、装置、相关设备 及计算机程序产品"的专利，授权公告号CN119697020B，申请日期为2024年12月。 来源：市场资讯 天眼查资料显示，中国建设银行股份有限公司，成立于2004年，位于北京市，是一家以从事货币金融服 务为主的企业。企业注册资本26160038.1459万人民币。通过天眼查大数据分析，中国建设银行股份有 限公司共对外投资了36家企业，参与招投标项目5000次，财产线索方面有商标信息1897条，专利信息 5000条，此外企业还拥有行政许可149个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 ...

Core Viewpoint - The Ministry of Finance, the People's Bank of China, and the Financial Regulatory Administration have extended the implementation period of the personal consumption loan interest subsidy policy until the end of this year and included credit card installment services in the support scope, prompting several financial institutions to announce related service measures [1]. Group 1: Policy Implementation - The personal consumption loan interest subsidy policy will be effective from September 1, 2025, to December 31, 2026, as stated by major state-owned banks [3]. - Consumers who have already signed the "Personal Consumption Loan Interest Subsidy Service Agreement" will automatically benefit from the new subsidy policy for consumption occurring after January 1, 2026, without needing to sign a new agreement [2][3]. Group 2: Adjustments in Consumption Loan Areas - The China Bank has removed the restriction on consumption transactions of 50,000 yuan (inclusive) and above, meaning that transactions in this range will no longer be limited to specific categories such as household vehicles, education, and healthcare [5]. - The Industrial and Commercial Bank of China has detailed the subsidy scope, which includes areas such as household vehicles, elderly care, education, cultural tourism, home decoration, electronic products, and healthcare [7]. Group 3: Credit Card Installment Details - The Bank of Communications has set the annual interest subsidy rate for credit card bill installments at 1%, with a maximum subsidy limit of 3,000 yuan per year for each borrower across all personal consumption loans and credit card installments [9]. Group 4: Inclusion of Financial Institutions - The new policy also includes city commercial banks, rural commercial banks, foreign banks, consumer finance companies, and auto finance companies as processing institutions, facilitating access for the public [11]. Group 5: Monitoring and Compliance - Financial institutions are required to strengthen monitoring of loan purposes and fund flows, with penalties for fraudulent activities or misuse of funds, including the potential recovery of subsidies already granted [13].

Core Viewpoint - The Ministry of Finance, the People's Bank of China, and the Financial Regulatory Bureau have extended the personal consumption loan interest subsidy policy until the end of 2026, allowing each borrower to enjoy a subsidy cap of 3,000 yuan, and including credit card installment payments in the support scope [2][3]. Group 1: Policy Changes - The implementation period for the personal consumption loan interest subsidy policy is now from September 1, 2025, to December 31, 2026 [3]. - The policy has removed the previous cap of 500 yuan on single transaction subsidies and the cumulative subsidy cap of 1,000 yuan for loans below 50,000 yuan, while maintaining the annual cap of 3,000 yuan per borrower at a single institution [5]. Group 2: Bank Responses - Major banks such as China Construction Bank and China Merchants Bank have announced that customers who previously signed subsidy agreements will automatically apply the new subsidy policy without needing to re-sign [4]. - The Industrial and Commercial Bank of China has launched a dedicated section for "Fiscal Subsidy and Installment Relief" on its app, allowing users to manage their installment payments and subsidies through various channels [6]. Group 3: Credit Card Inclusion - The inclusion of credit card installment payments in the subsidy policy aims to shift the focus from large purchases to frequent daily spending, thereby activating overall consumer demand [7]. - This move is expected to effectively reach a large consumer base, particularly targeting younger and lower-tier market segments, enhancing the consumption potential in these areas [7]. Group 4: Consumer Finance Companies - Consumer finance companies are actively adapting to the policy changes, ensuring that subsidy benefits reach consumers efficiently [10]. - Ant Group's consumer finance division has reported a 23% year-on-year increase in subsidies provided to consumers, indicating a positive impact on consumer spending [10]. Group 5: Specific Initiatives - Haier's consumer finance service has introduced interest-free installment plans for home appliances, contributing to the revitalization of the home appliance market [11]. - Other financial institutions, such as Zhaolian Finance and Du Xiaoman, have launched promotional activities to attract new customers and reduce borrowing costs through various interest subsidy initiatives [11].