Market Overview - The Shanghai Composite Index fell by 0.65% on September 26, with 10 industries experiencing gains, led by the oil and petrochemical sector with a rise of 1.17% and the environmental sector with a 0.38% increase [1] - The banking sector saw a slight increase of 0.08% [1] - The computer and electronics sectors faced the largest declines, with drops of 3.26% and 2.75% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 83.579 billion yuan, with five industries experiencing net inflows [1] - The automotive industry led the net inflow with 0.882 billion yuan, despite a decline of 0.56% in its stock price [1] - The banking sector also saw a net inflow of 0.566 billion yuan, with a daily increase of 0.08% [1] Banking Sector Performance - The banking sector had 42 listed stocks, with 25 stocks rising and 11 stocks falling on the day [2] - Notable net inflows in the banking sector included Agricultural Bank with 0.180 billion yuan, followed by Industrial and Commercial Bank with 0.114 billion yuan, and Nanjing Bank with 0.08877 billion yuan [2] - The stocks with the largest net outflows included Jiangsu Bank, Ningbo Bank, and Hangzhou Bank, with outflows of 0.0659835 billion yuan, 0.0505540 billion yuan, and 0.0371151 billion yuan respectively [2][3] Individual Stock Performance - Agricultural Bank's stock increased by 0.15% with a turnover rate of 0.12% and a main capital flow of 180.29 million yuan [2] - Industrial and Commercial Bank's stock rose by 0.41% with a turnover rate of 0.10% and a main capital flow of 113.51 million yuan [2] - Nanjing Bank's stock saw a significant increase of 2.36% with a turnover rate of 0.66% and a main capital flow of 88.77 million yuan [2] - Other notable performances included Ping An Bank with no change in stock price and a capital flow of 69.46 million yuan, while Shanghai Bank increased by 1.01% with a capital flow of 12.39 million yuan [2]

银行研思录 19 上市银行"十四五回望"之盈利结构变迁 总量研究/银行 本报告为"十四五"期间银行经营回顾与"十五五"规划展望系列第二篇《盈 利结构变迁》，我们将系统展示对于 42 家 A 股上市银行在"十四五"期间的 ROE 结构拆分以及相对行业优势的变化，以表征各银行板块和单家银行盈利结 构和盈利质量的变迁逻辑、驱动因素与结构性特征，为衔接"十五五"战略布 局提供镜鉴。 证券研究报告 | 行业深度报告 2025 年 09 月 26 日 推荐（维持） 行业规模 | | | 占比% | | --- | --- | --- | | 股票家数（只） | 41 | 0.8 | | 总市值（十亿元） | 10527.7 | 10.1 | | 流通市值（十亿元） | 9870.5 | 10.4 | 行业指数 % 1m 6m 12m 绝对表现 -6.8 3.6 23.4 相对表现 -9.6 -13.2 -11.6 资料来源：公司数据、招商证券 -10 0 10 20 30 40 Sep/24 Jan/25 May/25 Sep/25 (%) 银行 沪深300 相关报告 1、《上市银行债市浮盈余额有多少？ —银行研思录 1 ...

Core Viewpoint - The six major state-owned banks in China have collectively announced the abolition of their supervisory boards, transitioning the responsibilities to the audit committees under the board of directors, which is seen as a move to enhance governance efficiency and effectiveness [3][4][6]. Group 1: Announcement of Abolishment - On September 25, major banks including Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Bank of Communications announced that they will no longer establish supervisory boards following regulatory approval for their articles of association [1][4]. - Postal Savings Bank is set to discuss a similar proposal at its upcoming shareholder meeting on October 9, indicating a trend among banks to eliminate supervisory boards [2][6]. Group 2: Implementation Details - The reform steps taken by the banks are consistent, with all five major banks approving the abolishment of supervisory boards during their 2024 annual shareholder meetings held on June 27, 2025 [4]. - The new governance structure will take effect immediately for Bank of China and Agricultural Bank, while China Construction Bank and Bank of Communications will implement it on September 23 and September 25, 2025, respectively [4]. Group 3: Personnel Changes - With the abolishment of the supervisory boards, the positions of existing supervisors will be terminated, including notable figures from each bank [5]. - The announcement from ICBC also indicated updates to various governance documents, including the abolishment of the supervisory meeting rules [5]. Group 4: Broader Industry Trends - Analysts suggest that the simultaneous cancellation of supervisory boards by major banks aligns with modern corporate governance trends, aiming to enhance decision-making efficiency and strengthen board accountability [6]. - Other banks, including China Merchants Bank and Huaxia Bank, have also moved to abolish their supervisory boards, indicating a wider industry shift [7]. Group 5: Regulatory Context - The new provisions in the Company Law, effective from July 2024, allow companies to establish audit committees within the board of directors to perform the functions of supervisory boards, reflecting a regulatory shift towards more flexible governance structures [8]. - The China Banking and Insurance Regulatory Commission has stated that these changes will help financial institutions create governance frameworks that suit their specific needs, reduce management costs, and enhance operational flexibility [8].

每经记者|张寿林 每经编辑|陈旭 9月25日晚，工商银行、农业银行、建设银行、中国银行和交通银行集体发布公告，近日收到监管相关 核准批复，自核准之日起，不再设立监事会。 《每日经济新闻》记者注意到，新修订的公司法于2024年7月1日正式实施，对监事会、职工董事设置等 方面提出新的要求。有限责任公司可在董事会中设置由董事组成的审计委员会，行使监事会职权，不设 监事会或者监事。 五大行撤销监事会已获监管核准 9月25日晚，工商银行披露，中国工商银行股份有限公司于2025年6月27日召开的2024年度股东年会审议 批准了《关于审议<中国工商银行股份有限公司章程（2025年版）>及撤销监事会相关事项的议案》。 近日收到《国家金融监督管理总局关于工商银行修改公司章程的批复》（金复〔2025〕564号）。国家 金融监督管理总局已核准该行修订后的公司章程。 同日，建设银行披露，该行2025年6月27日召开的2024年度股东大会审议批准了《关于不再设立监事会 的议案》和《关于修订<中国建设银行股份有限公司章程>的议案》。近日，国家金融监督管理总局已 核准修订后的公司章程。该行自2025年9月23日起，按照公司章程规定，不再设 ...

Core Viewpoint - Agricultural Bank of China (ABC) is enhancing its services for elderly customers, focusing on personalized and compassionate assistance during banking processes [1][2][3][4] Group 1: Customer Experience - A senior citizen praised the attentive service provided by ABC staff while replacing a social security card [1] - The staff proactively assisted the elderly customer by facilitating wheelchair access and providing a comfortable environment [2] - The entire process was smooth, with staff members collaborating effectively to ensure the elderly customer felt supported and understood [2][3] Group 2: Service Improvements - ABC's Jinan branch has implemented age-friendly modifications across all its outlets, including the establishment of barrier-free access and the provision of tools like wheelchairs and reading glasses [4] - The bank has created green service channels for individuals with mobility challenges, aiming to reduce wait times and enhance the overall banking experience [4] - ABC is committed to regular home service initiatives to address urgent customer needs, demonstrating a strong sense of responsibility and care in its financial services [4]

集中宣教与精准服务双发力。9月15日，该行在蚌埠市金融大厦开展大型集中宣教活动，通过设立咨询台、发放宣传折页、开展消保知识抽奖问答等互动形 式，有效提升市民金融知识储备与风险防范意识。9月21日，举办"金秋絮语 财富汇集"贵宾客户交流活动，理财专家现场解析宏观经济走势与资产配置逻 辑，同步宣讲金融产品适性管理政策与风险识别技巧，强化"卖者尽责、买者自负"的市场共识，传递理性投资理念。 分层分类覆盖重点群体。养老金融服务暖民心，在各网点设立适老服务专区，组织员工走进康养中心、社区及乡村养老院，为超1000名老年人开展养老诈骗 防范、社保卡使用等专项宣讲；主动下沉服务重心，深入怀远梅桥镇徐圩村提供上门服务，针对村内老人出行不便的实际情况，现场办理银行卡开卡、养老 账户关联等业务，累计为155位老人打通金融服务"最后一公里"，以实干践行养老金融便民承诺。校园宣教筑牢青春防线，推进"金融知识进校园"行动，走 进蚌埠医科大学等多所高校，开展银行卡安全管理、电信网络诈骗防范等主题宣讲超10场次，累计覆盖师生及家长3000余人次。普惠服务赋能经营主体，深 入商贸市场与个体工商户群体，开展"送教上门"服务，重点讲解账户安全防 ...

Core Insights - The article highlights the importance of trust, assistance, and warmth in the daily operations of Agricultural Bank of China, showcasing how seemingly ordinary interactions can significantly impact customers' experiences [1][3] Group 1: Customer Service - A specific incident is described where a senior citizen, struggling with mobility and technology, receives attentive assistance from a bank manager, illustrating the bank's commitment to providing personalized service [3] - The bank staff demonstrate patience and care, ensuring that elderly and special needs customers feel supported and valued during their banking experience [3] - The interaction emphasizes that financial services are not just about transactions but also about building relationships and providing emotional support to customers [3] Group 2: Company Values - Agricultural Bank of China prioritizes a service culture that combines professional expertise with genuine compassion, reinforcing the idea that customer care is a fundamental aspect of their operations [3] - The bank's approach reflects a commitment to maintaining a warm and welcoming environment, regardless of technological advancements or changes in equipment [3] - The narrative illustrates that the bank's employees view their roles as guardians of customer trust, ensuring that every client feels at home and cared for during their visits [3]

Core Viewpoint - The Agricultural Bank of China (ABC) in Nanping Shunchang actively participated in a financial education campaign aimed at enhancing financial literacy and protecting the rights of the elderly, responding to a call from the national financial regulatory authority [1][8]. Group 1: Event Overview - The financial education campaign, themed "Protecting Financial Rights and Supporting a Better Life," was launched on September 15, focusing on the elderly population [1]. - The event included a financial knowledge exhibition area that addressed topics such as "Beware of Illegal Agency Rights Protection," "Avoid Financial Consumption Risks to Ensure a Happy Life for the Elderly," and "Prevent 'Injury Scalper' Traps" [3]. Group 2: Educational Content - The bank provided easy-to-understand promotional materials and visual displays to explain basic financial knowledge to elderly participants [3]. - Real-life case studies were used to illustrate common fraud techniques, and staff members patiently answered questions to promote rational investment awareness and personal information protection [3][5]. Group 3: Public Response - Participants expressed appreciation for the practical nature of the event, indicating that they learned valuable financial knowledge that would help them respond to similar situations in the future [6]. - The positive interaction and enthusiastic response from the public highlighted the urgent need for financial literacy initiatives [6]. Group 4: Future Initiatives - The Agricultural Bank of China in Shunchang plans to continue its commitment to social responsibility by conducting diverse and regular financial education activities, aiming to bring financial knowledge to communities, rural areas, and enterprises [8]. - The bank seeks to deliver beneficial financial policies and risk prevention skills directly to the public, contributing to a healthy, stable, and harmonious financial environment [8].

Group 1 - The core focus of Agricultural Bank of China's Bengbu branch is on technology finance, aiming to support the full-cycle development of technology enterprises through product innovation and professional services [1][2] - The bank has established a "Technology Loan Pioneer Team" consisting of 38 members to enhance service quality and efficiency, targeting six key industries in Bengbu [1] - As of August 2025, the loan balance for technology enterprises reached 3.639 billion yuan, with a net increase of 853 million yuan and a growth rate of 31% [3] Group 2 - The bank is actively building a technology service ecosystem by integrating the capabilities of commercial banks, private investment institutions, and private equity funds to enhance "investment-loan linkage" for technology enterprises [2] - Innovative financial products have been introduced to address the challenges of financing difficulties and high costs for technology enterprises, focusing on their unique characteristics [3] - The bank has implemented a collaborative service model combining project loans, equity investments, and financing leasing for the same client, marking a significant innovation in service delivery [2]

Core Viewpoint - Agricultural Bank of China (ABC) is actively engaging with university students to enhance their financial literacy and security awareness, particularly focusing on fraud prevention [1][3][4] Group 1: Financial Services for Students - ABC provided a special service for a university student, assisting her in opening a bank account for tuition payment [3] - The bank manager demonstrated the use of mobile payment through the bank's app, emphasizing the importance of using official channels to avoid scams [3] Group 2: Fraud Prevention Education - ABC distributed a fraud prevention manual to the student, highlighting recent scam cases to raise awareness [3] - The bank has established a 24/7 consultation hotline specifically for students to address any financial concerns [3][4] Group 3: Commitment to Youth Financial Education - ABC's Jinan Shuangshan Branch has served over 500 university students this year, providing diverse financial education services [4] - The bank aims to continuously support the financial growth of young customers and enhance its reputation as a trusted financial institution [4]