股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國農業銀行股份有限公司 呈交日期: 2026年2月5日 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01288 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 30,738,823,096 | | 0 | | 30,738,823,096 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 30,738,823,096 | | 0 | | 30,738,823,096 | I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國農業銀行股份有限公司 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 本月底法定/註冊股本總額： RMB 349,983,033,873 FF301 第 1 頁 共 11 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01288 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 30,738,823,096 | | 0 | | 30,738,823,096 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | ...

Group 1 - The article highlights the urgent financial needs of businesses in Tibet as the New Year approaches, with local banks providing essential support to ensure operational continuity [1][4] - Agricultural Bank of China (ABC) in Shigatse has been actively engaging with local enterprises, offering tailored financial solutions such as "mortgage + credit" loans to address cash flow issues [1][4] - Since the beginning of 2026, ABC Shigatse has issued a total of 2.823 billion yuan in various loans, demonstrating its commitment to supporting the local economy during the festive season [4] Group 2 - Specific examples include a waste management company receiving a loan of 1.363 million yuan to maintain operations and ensure environmental cleanliness during the New Year [1] - A clothing store owner was able to secure a loan of 430,000 yuan within a day, allowing her to purchase materials for traditional Tibetan garments in time for the holiday [3] - A local startup providing flexible job opportunities for youth received a timely loan of 100,000 yuan, helping to stabilize employment for over 60 staff members [4]

敬请您妥善安排业务办理时间。由此给您带来的不便，中国农业银行深表歉意，并将尽快恢复对您的相 关服务。如需进一步咨询，请拨打中国农业银行客户服务热线95599。 2026年2月5日，中国农业银行（601288）发布公告称，中国农业银行大小额支付系统计划于2026年2月7 日20:00至22:00进行系统维护升级。升级期间，客户在2026年2月6日20:00至2月7日22:00时段内，通过 中国农业银行个人掌银、个人网银、超级柜台渠道发起的延时24小时跨行转账交易；或在2026年2月7日 18:00至22:00时段内，通过中国农业银行个人掌银、个人网银、超级柜台渠道发起的延时2小时跨行转 账交易，将无法在2026年2月7日20:00至22:00时段内进行撤销。其他大小额支付系统业务不受此次系统 维护升级影响。 ...

Core Insights - The "2025 Hurun China 500" report highlights TSMC as the highest-valued private enterprise in China, with a valuation increase of 3.5 trillion RMB, reaching 10.5 trillion RMB [1][4] - Tencent follows as the second highest, with a valuation growth of 1.9 trillion RMB, totaling 5.3 trillion RMB [1][4] - ByteDance ranks third, increasing its value by 1.8 trillion RMB to 3.4 trillion RMB [1][4] - Xiaomi enters the top ten for the first time, with a valuation increase of 357 billion RMB, reaching 1 trillion RMB [1][4] Top Ten Private Enterprises - TSMC: Valuation of 105,000 million RMB, growth of 50% [2][5] - Tencent: Valuation of 53,300 million RMB, growth of 56% [2][5] - ByteDance: Valuation of 34,000 million RMB, growth of 109% [2][5] - Alibaba: Valuation of 27,000 million RMB, growth of 75% [2][5] - CATL: Valuation of 18,600 million RMB, growth of 59% [2][5] - Pinduoduo: Valuation of 13,200 million RMB, growth of 16% [2][5] - Ping An Insurance: Valuation of 10,500 million RMB, decline of 15% [2][5] - Xiaomi: Valuation of 10,000 million RMB, growth of 56% [2][5] - BYD: Valuation of 8,720 million RMB, growth of 10% [2][5] - Huawei: Valuation of 8,500 million RMB, growth of 25% [2][5] Top Ten State-Owned Enterprises - Agricultural Bank: Valuation of 202,000 million RMB [3][6] - Industrial and Commercial Bank: Valuation of 274,000 million RMB [3][6] - State Grid: Valuation of 266,000 million RMB [3][6] - China National Railway Group: Valuation of 224,000 million RMB [3][6] - China Construction Bank: Valuation of 203,000 million RMB [3][6] - Kweichow Moutai: Valuation of 182,000 million RMB [3][6] - China Petroleum: Valuation of 176,000 million RMB [3][6] - Bank of China: Valuation of 170,000 million RMB [3][6] - China Mobile: Valuation of 175,000 million RMB [3][6] - CITIC Group: Valuation of 156,000 million RMB [3][6]

Core Insights - Agricultural Bank of China has established "Huinong Service Stations" in rural areas to address the financial service gap, providing quick loan access and favorable terms for farmers [1][3] - The service stations are part of a broader initiative to enhance financial services in underdeveloped regions, with 1,700 stations set up nationwide since March 2025 [3] Group 1: Service Implementation - The Huinong Service Station in Kankang Township, Xinjiang, has been praised for its convenience, allowing farmers to access loans without traveling long distances [1] - The station has issued loans totaling 27.91 million yuan to local farmers this year, effectively meeting their financial needs [1] Group 2: Service Model - A multi-faceted service network has been established, involving local government and supply cooperatives to identify farmers in need of financial assistance [2] - The service station employs a dual service model of "fixed point + mobile service," ensuring accessibility to farmers in remote areas [2] Group 3: Credit Empowerment - The Agricultural Bank is implementing credit engineering in Kankang Township, creating credit profiles for farmers to facilitate access to various financial products [2] - Currently, credit records have been established for 161 households across two administrative villages [2]

Group 1: Core Insights - The city of Heze, known as the "Peony Capital of China," is experiencing a vibrant atmosphere as it prepares for the upcoming Spring Festival, showcasing its unique industries such as peony cultivation and Hanfu culture [1] - Heze Agricultural Commercial Bank has introduced flexible credit products, including an 800,000 yuan "Peony and Chinese Herbal Medicine Loan," to support local farmers in preparing for the peak sales season of peony pots and cut flowers [1] - The People's Bank of China Heze Branch has been actively promoting financial services to support local enterprises, having visited over 400 peony industry entities and established credit files for more than 200, with a total of over 50 million yuan in credit funds disbursed [2] Group 2: Industry Developments - The Hanfu industry in Heze is witnessing a surge in online sales, with a 60% year-on-year increase in sales during the New Year shopping festival, driven by live-streaming sales efforts [2] - Financial institutions in Heze, including Hengfeng Bank, have launched specialized loan products for the Hanfu industry, with loan approval times reduced to within two working days, resulting in a total credit amount of 3.647 billion yuan for the industry, a 43.28% year-on-year increase [3] - As of the end of 2025, the balance of inclusive small and micro loans in Heze reached 94.47 billion yuan, growing by 20.28%, which is significantly higher than the overall loan growth rate [4]

Core Viewpoint - Agricultural Bank of China has launched the "Nongyin Ruida" brand and the 9.0 version of its corporate financial service platform, emphasizing its commitment to serving the real economy and providing comprehensive online financial solutions for various types of enterprises [2][5]. Group 1: Launch Event Highlights - The launch event was attended by key representatives, including Agricultural Bank's Vice President Wang Dajun and over 30 representatives from central state-owned enterprises and high-tech companies [2]. - The "Nongyin Ruida" brand aims to provide a unified online service for corporate clients, with the mission of "cultivating a digital soil and connecting enterprises to the future" [2]. - The 9.0 version of the corporate financial service platform introduces three service models: combination, standardization, and customization, tailored to meet the operational characteristics of different enterprises [2][3]. Group 2: Product Features and Client Engagement - Key products showcased during the event included "Salary Manager," "Inclusive e-Station," and "Treasury Special Edition," highlighting the platform's innovative offerings [3]. - Client representatives shared their experiences and successes in collaboration with Agricultural Bank, demonstrating the practical benefits of the platform [3]. Group 3: Future Outlook - Agricultural Bank plans to continue enriching the "Nongyin Ruida" brand and strengthen the digital foundation of its corporate financial service platform, aiming to empower various industries and contribute to high-quality economic development [5].

Core Viewpoint - Agricultural Bank of China announced an adjustment to the margin ratio for personal precious metal trading contracts due to increased market risks in the international precious metals market [1] Group 1: Margin Ratio Adjustment - The margin ratio for Au (T+D), mAu (T+D), and Ag (T+D) contracts will be increased from 60% to 80%, effective from the market close on February 5, 2026 [1] - The bank will provide further notifications regarding any future adjustments to the margin ratios for related contracts [1] Group 2: Market Risk and Investor Protection - The decision to adjust the margin ratio is aimed at protecting investor interests amid rising market risks associated with personal client trading in precious metals [1] - Clients are advised to pay attention to changes in margin ratios and manage their positions responsibly to mitigate risks [1]

Investment Rating - The industry investment rating is "Buy" with a previous rating of "Buy" as well [5]. Core Views - The report forecasts a social financing growth rate of 8.3% for January 2026, with an expected increase in RMB loans of CNY 5.34 trillion, which is a year-on-year increase of CNY 0.12 trillion. The total social financing increment is projected to be CNY 7.55 trillion, a year-on-year increase of CNY 0.49 trillion. By the end of January, the social financing stock is expected to reach CNY 449.5 trillion, with a year-on-year growth rate of 8.25%, reflecting a slight month-on-month decline of 0.02 percentage points [5][8]. Summary by Sections Credit Outlook - The report anticipates a strong demand for corporate credit, with a significant year-on-year increase expected. Retail loans are projected to remain stable, supported by a recovering second-hand housing market in core cities and extended personal consumption loan interest subsidies until the end of 2026. The expected monthly increment of RMB loans in January is CNY 5.34 trillion, with a notable increase in loans directed towards the real economy, amounting to CNY 6.1 trillion, a year-on-year increase of CNY 0.4 trillion [5][8]. Bond Market - Government and credit bond net financing is expected to rebound significantly in January, with government bond net financing projected at CNY 1.2 trillion, a year-on-year increase of CNY 0.49 trillion. Credit bond financing is expected to reach CNY 0.50 trillion, a year-on-year increase of CNY 0.05 trillion [5][8]. Monetary Growth - The report predicts that M1 and M2 growth rates will remain relatively high, with M2 growth expected to rise by 0.3 percentage points to approximately 8.8%, and M1 growth expected to increase by 0.2 percentage points to around 4.0%. This is attributed to delayed cash withdrawal effects from the late Lunar New Year and increased government bond net financing [5][8].