Core Viewpoint - The news highlights the efforts of Agricultural Bank of China Guangdong Branch in supporting the "Hundred Counties, Thousand Towns, and Ten Thousand Villages High-Quality Development Project" in Guangdong Province, focusing on enhancing financial services for rural revitalization and local industries [4][6]. Group 1: Financial Support Initiatives - Agricultural Bank of China Guangdong Branch has been actively providing tailored financial solutions to local enterprises, such as offering a comprehensive credit line of 89 million yuan to a specialized metal can manufacturing company in Wengyuan County [5]. - The bank has implemented a series of measures to enhance financial services in rural areas, including the establishment of service maps and plans for counties, towns, and villages, aimed at promoting localized financial support [5][6]. Group 2: Industry Development Focus - The bank has been instrumental in promoting the "Five Trees and One Fish" model in Maoming City, which focuses on developing modern agriculture through specific local products like lychee, longan, and tilapia [6]. - As of June, the bank's loans for the "Five Trees and One Fish" industry reached 7.1 billion yuan, demonstrating its commitment to supporting local agricultural development [6]. Group 3: Grassroots Engagement - The bank has deployed financial assistants to grassroots levels, enhancing service quality and ensuring that financial resources reach the last mile in rural areas [7]. - A high-density bass farming project in Huadong Village is expected to increase the village's collective income by over 50,000 yuan annually, showcasing the bank's role in local economic development [7].

Core Viewpoint - The banking sector in A-shares is experiencing a "small bull market" with 29 out of 42 listed banks showing gains as of July 28, driven by multiple positive factors and expected to present a structural market trend in the future [1][3][7] Group 1: Market Performance - On July 28, banks like Qilu Bank and Qingdao Bank saw significant intraday gains, with Qilu Bank rising over 5% and Qingdao Bank over 3% [1][3] - Year-to-date, the banking sector has shown a steady upward trend, with banks like Qingdao Bank, Shanghai Pudong Development Bank, and Xiamen Bank achieving over 30% gains [3][4] - Despite a brief fluctuation in July, the overall upward trend remains supported by low valuations and high dividend yields [3][4] Group 2: Fundamental Improvements - The banking sector's asset quality has improved significantly, with a decrease in non-performing loan ratios and stable provision coverage ratios [4][6] - The economic recovery expectations have alleviated net interest margin pressures, leading to a steady rebound in profitability [4][6] Group 3: Policy and Valuation Support - Regulatory support for the banking sector, including liquidity release and optimized regulatory assessments, has created a favorable external environment [4][5] - Long-standing low valuations of bank stocks, with price-to-book ratios generally below 1, are expected to undergo a correction as market risk appetite increases [4][5] Group 4: Capital Inflows - Continuous inflows of long-term funds, particularly from insurance capital seeking stable returns, have bolstered the banking sector [5][6] - The expansion of passive funds and foreign capital inflows since Q2 have further supported the upward movement of bank stocks [5][6] Group 5: Positive Feedback Loop - Rising bank stock prices enhance banks' financing capabilities, reducing equity financing costs and improving credit image [6][7] - The increase in core capital through convertible bonds can enhance banks' credit expansion capabilities, ultimately benefiting the real economy [7] Group 6: Future Outlook - Analysts predict a structural market trend for the banking sector, with a focus on banks with strong asset quality and profitability [7][8] - The second half of 2025 is expected to see a fluctuating upward trend in the banking sector, with particular attention on low-valuation banks and those with strong fundamentals [7][8]

Group 1 - Agricultural Bank of China (601288) closed at 6.18 yuan on July 25, 2025, down 0.64% from 6.22 yuan the previous week [1] - The bank's market capitalization is currently 21628.95 billion yuan, ranking 3rd among state-owned large banks and 4th among 5148 A-shares [1] - The highest intraday price recorded on July 23 was 6.3 yuan, while the lowest was 6.07 yuan [1] Group 2 - Wang Dajun has officially taken up the position of Vice President of Agricultural Bank of China [2][3] - Xiao Xiang has retired due to age and has resigned from the position of non-executive director and related committee roles as of July 23, 2025 [2][3] - The bank has completed the issuance of 600 billion yuan in secondary capital bonds, divided into two types: a 10-year fixed-rate bond of 400 billion yuan at an interest rate of 1.92% and a 15-year fixed-rate bond of 200 billion yuan at an interest rate of 2.12% [2][3]

摘要 折价幅度靠前 AA 城投债（主体评级）中，"20 淮南建发 MTN003"估值价格偏离程度最大。净价跌幅靠前 50 只个券中， "23 黄石城发 MTN005"估值价格偏离幅度最大。净价上涨幅度靠前 50 只个券中，"19 昆租 02"估值价格偏离幅度最 大。净价上涨幅度靠前 50 只二永债中，"24 浦发银行二级资本债 01B"估值价格偏离程度最大。 风险提示 统计数据偏差或遗漏，高估值个券出现信用风险 敬请参阅最后一页特别声明 1 扫码获取更多服务 固定收益动态(动态) 图表1：折价幅度靠前 AA 城投债（主体评级） | 债券名称 | 剩余期限 | 估值价格 | 估值净价 | 估值收益率 | 当日估值 | 票面利率 | 隐含 | 主体 | 成交日期 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | (年) | 偏离(%) | (元) | 偏离(bp) | 收益(%) | (%) | 评级 | 评级 | | | 20 淮南建发 MTN003 | 0.28 | -0.59 | 100.64 | 8.18 | 1.73 ...

◆企业动态 财经网×企业预警通App ◆监管之声 两部门：积极满足农村转移人口等新市民群体住房、教育、医疗、养老等方面金融需求 中国人民银行、农业农村部印发《关于加强金融服务农村改革推进乡村全面振兴的意见》。其中提到， 拓展县域城乡融合发展和新型城镇化建设金融服务。鼓励金融机构发挥融资融智优势，在村庄规划期提 前介入，提供专业化顾问建议和融资解决方案。鼓励根据新型城镇化建设投资主体和项目特点，因地制 宜提供债券融资、股权投资、基金信托、融资租赁等综合性融资服务。积极满足农村转移人口等新市民 群体住房、教育、医疗、养老等方面金融需求。 金融监管总局警示"职业背债"陷阱 7月21日，金融监管总局发布关于警惕"职业背债"陷阱的风险提示。近期，社会上出现以"快速致富""无 需偿还债务"为诱饵的"职业背债"骗局，部分消费者因轻信此类虚假宣传陷入困境。金融监管总局金融 消费者权益保护局提示广大消费者提高警惕，远离"职业背债"陷阱。 ◆行业关注 存款利率再降3个月期击穿1% 数据显示，2025年6月，银行整存整取存款3个月期平均利率为0.949%，6个月期平均利率为1.156%，1 年期平均利率为1.287%，2年期平均利 ...

凤凰网财经讯 近日，财富中文网发布了2025年《财富》中国500强排行榜和2025年中国500强最赚钱公司、2025年中国500强亏损公司等多个榜单。 33家银行登上《财富》中国500强 榜单显示，共有43家银行保险机构登上500强排行榜。其中银行共33家，与去年相比增加5家，分别是广州农商行、天津银行、成都农商行、哈尔滨银行 和青岛银行。 保险方面，中国平安今年跻身前十，去年排第13位；友邦排名第22位，太平洋排名第24位，中国人保排名第26位。 此外，江苏银行、北京银行、宁波银行和上海银行等城商行均进入榜单前200强，排名分别为第162位、第172位、第186位和第193位。成都银行排名较上 年上升最多，共提升35名，至324位；杭州银行、微众银行、重庆银行排名均提升超过20个名次，分别排名238位、261位、425位。郑州银行下降8位，卡 线上榜，位列第500位。 另有10家保险机构上榜，中国人寿超越中国平安，位居险企榜首位，总榜单第12位；新华人寿排名则超越中国再保险及阳光保险，位居总榜第129位。同 时，新华人寿也是唯一进入500强亏损榜的银保机构。 新华人寿进入亏损榜 2025年中国500强最赚钱 ...

赋能农田建设，金融浇筑"高产良田" 高标准农田建设是提升农业综合生产能力、保障国家粮食安全的重要举措。农行内蒙古分行聚焦高标准 农田建设、黑土地保护和盐碱地治理等项目，为现代农业发展夯实基础，积极与政府部门对接，建立高 标准农田建设服务台账，推广"投建营一体化"服务模式，全行高标准农田贷款2.83亿元，年增量2.03亿 元。 转自：新华财经 农时不等人，夏耘胜黄金。在广袤的内蒙古大地上，夏日农田绿意浓浓，夏粮生产正在绘画着一幅生机 勃勃的画卷。作为服务"三农"的国家队和主力军，农业银行内蒙古分行立足区域特色，聚焦粮食安全、 农田建设、设施农业、农机流通和种业科创等重点领域，以金融之力为夏粮生产注入强劲动能。从黑土 地到河套平原，从草原牧场到设施大棚，农行的"金融活水"正精准滴灌着每一寸沃土，让"金融音符"奏 响夏粮生产的动人乐章。 聚焦粮食安全，金融守护"塞外粮仓" 内蒙古作为国家重要的粮食生产基地，承担着保障国家粮食安全的重任。农行内蒙古分行始终将粮食安 全视为"国之大者"，聚焦自治区优质高效增粮示范行动，开展"'农'情惠农 助力春耕夏耘"专项金融活 动，优先满足种粮农户、涉粮龙头企业、农垦集团等粮食生产主 ...

在成长型资产布局之外，多家外资公募机构同步强化了"防御体系"。例如，二季度，大摩内需增长混合、路博迈护航一年 持有债券、摩根悦享回报6个月持有期混合、富达悦享红利优选混合等均增持了建设银行。其中，路博迈护航一年持有债券新 进增持了建设银行、农业银行、工商银行，并分别位列前三大重仓股。 富达悦享红利优选混合二季报显示，该产品主要投资于股息率较高、盈利与分红能力稳定的高质量上市公司，相信长期持 有这些高质量公司可以更好地实现相对稳定的股息收益和基金资产的长期稳健增值。 本报记者 彭衍菘 随着公募基金二季度报告披露收官，贝莱德基金、富达基金、路博迈基金和摩根基金管理（中国）有限公司（以下简 称"摩根基金"）等外资公募机构的持仓策略浮出水面。 从策略层面看，部分外资公募旗下的绩优产品在二季度延续了"科技+医药"的核心配置，同时显著增加了高股息资产的持 仓，形成了"进攻+防御"的均衡布局。展望未来，外资公募管理人普遍表示，将继续深耕人工智能、创新药和高股息资产等领 域，并通过灵活的配置策略应对潜在风险。 科技、医药生物等板块获增持 在科技板块方面，二季度，多只外资公募基金对科技行业的配置比例明显提升。以贝莱德先进制造一 ...

Group 1 - Xinan Century's controlling shareholder Wang Yixin plans to reduce his stake by up to 2.22%, equating to a maximum of 7.05 million shares within three months after 15 trading days [1] - Jintou City Development intends to purchase a villa property from Tianjin Tekeshu Chuang for approximately 7.1854 million yuan [2] - Zhujiang Shares has received approval from the Shanghai Stock Exchange for its application to issue shares to specific targets [2] Group 2 - Changshu Bank plans to absorb and merge three village and town banks and establish branch offices, pending approval at the upcoming shareholders' meeting [3] - Agricultural Bank has completed the issuance of 60 billion yuan in secondary capital bonds, with two types of bonds having fixed interest rates of 1.92% and 2.12% [4] - Nanjing Xinbai's major assets have been judicially frozen due to liquidity debt crisis faced by its controlling shareholder [5] Group 3 - Shikong Technology's controlling shareholder is planning a change in company control, leading to a continued suspension of its stock [6] - Fute Technology aims to raise up to 528 million yuan through a private placement for projects related to electric vehicle components [7] - Yuanli Shares plans to acquire 100% of Tongsheng Shares, a company specializing in silicon dioxide, to enhance its strategic business layout [9] Group 4 - Sanyangma's subsidiary has signed a procurement contract worth 120 million yuan for sensor products with a domestic auto parts company [10] - Yong'an Pharmaceutical's controlling shareholder plans to reduce its stake by up to 263,230 shares [11] - Pioneer New Materials and its former controlling shareholder are under investigation by the China Securities Regulatory Commission for information disclosure violations [12] Group 5 - Yubang New Materials' shareholder intends to transfer 2.28% of the company's shares [13] - Zhonghuan Environmental Protection's specific shareholder did not execute its planned share reduction within the designated period [14] - Chuhuan Technology's controlling shareholder has committed not to reduce their stake in the company for the next 12 months [15]

证券代码：601288 证券简称：农业银行 公告编号：临 2025-034 号 本期债券于 2025 年 7 月 22 日簿记建档，于 2025 年 7 月 24 日发行完毕。本期债券发行总规模为人民币 600 亿元，分为两个 品种。其中品种一为 10 年期固定利率债券，发行规模为人民币 400 亿元，票面利率为 1.92%，在第 5 年末附有条件的发行人赎 回权；品种二为 15 年期固定利率债券，发行规模为人民币 200 亿元，票面利率为 2.12%，在第 10 年末附有条件的发行人赎回 权。 本期债券募集的资金将依据适用法律和监管批准，补充本行 的二级资本。 特此公告。 中国农业银行股份有限公司董事会 二〇二五年七月二十四日 1 中国农业银行股份有限公司 关于2025年二级资本债券（第二期）（债券通） 发行完毕的公告 中国农业银行股份有限公司董事会及全体董事保证本公告内容不存在任 何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完 整性承担法律责任。 经相关监管机构批准，中国农业银行股份有限公司（以下简 称"本行"）在全国银行间债券市场发行"中国农业银行股份有 限公司 2025 年二级资本 ...