"我跑了两家大行网点，5年期大额存单都停售了，就连3年期的都得靠'抢'，额度一出来很快就没了，关键利率还比去年降了不少。"家住北京市的王 女士告诉记者，她手中的50万元闲置资金本想配置长期大额存单以求稳健收益，如今却陷入了"无处可放"的困境。 王女士的遭遇并非个例。记者近期调研发现，工商银行、农业银行、中国银行、建设银行、交通银行、邮储银行六家国有大行已全面停售5年期大额 存单产品，部分股份制银行及城商行也紧随其后收缩长期存款业务。 六大行全面停售5年期大额存单 记者登录六大行官方APP及手机银行查询时发现，目前各银行大额存单期限结构已明显"短期化"。工商银行"大额存单"栏目下仅剩余1个月、3个月、 6个月、1年、2年、3年六个期限产品。其中，3年期大额存单产品利率为1.55%，1年期、2年期产品利率均为1.20%。 此外，中国银行、建设银行、交通银行及邮储银行的产品矩阵呈现相似特征，5年期产品均已从在售列表中移除。在农业银行2018年至2025年的人民 币个人大额存单产品目录中，也并未出现5年期大额存单产品的"踪影"。 回溯来看，5年期大额存单的退出并非突然之举。以中国银行为例，今年5月20日，中国银行曾在 ...

b M- 2 37 倪先生躺在病床上 12月2日，一则有关"男子取款170万在银行门口遭抢致重伤，当事人认为银行保安未帮忙应担责"的消息在网上引发关注。 针对上述事件，智通财经记者采访了中国农业银行中牟县支行。 该支行表示：经核实，事件发生于2024年7月2日，监控显示该客户于11时46分在农业银行中牟白沙支行办理业务后，行至网点西侧约25米处 遭遇歹徒抢劫。11时48分，歹徒作案后骑摩托车向东逃离，银行保安及工作人员因视线被车辆遮挡，未马上发现抢劫过程。11时54分，银行 工作人员拨打110报警，同时拨打120急救电话救助客户。11时57分，救护车与警方先后抵达现场，救护车将客户送医救治，警方同步到场管 控。当日下午，歹徒被警方成功抓获。目前该案已判决。 "事件发生后，我行高度重视，积极配合相关部门开展案件调查，相关负责人多次探望客户并进行慰问。我行支持客户通过合法途径维护自 身权益。感谢社会各界关注监督，我行将持续强化网点安全管理与应急处置能力，切实保障客户人身及财产安全。"农行中牟白沙支行表 示。 此前，有网友发布消息称，去年7月，他在河南郑州的中国农业银行中牟白沙支行取完钱后，在银行门口遭遇抢劫。他和 ...

Core Viewpoint - Six major state-owned banks in China have collectively stopped offering 5-year large denomination time deposit products, indicating a trend towards shorter-term deposit offerings in the banking sector [1] Group 1: Bank Actions - The six major state-owned banks include Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China [1] - Several joint-stock banks and city commercial banks are also following suit by reducing their long-term deposit products [1] Group 2: Product Offerings - The current offerings of large denomination time deposits have shifted to shorter terms, with Industrial and Commercial Bank of China now only providing products with terms of 1 month, 3 months, 6 months, 1 year, 2 years, and 3 years [1] - The 3-year large denomination time deposit product has an interest rate of 1.55%, while the 1-year and 2-year products both have rates of 1.20% [1] - Other banks such as Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China exhibit similar trends, having removed 5-year products from their offerings [1] - Agricultural Bank of China does not list any 5-year large denomination time deposit products in its catalog for the period from 2018 to 2025 [1]

Group 1 - The People's Bank of China Guigang Branch imposed administrative penalties on Agricultural Bank of China Guigang Branch for two violations: breaching account management regulations and failing to fulfill customer identity verification obligations [1][3] - The penalties include a warning and a fine of 289,000 yuan for the bank, while two employees, Xu and Liang, were fined 14,000 yuan each for their direct responsibility in the identity verification violation [1][3] Group 2 - Agricultural Bank of China reported a revenue of 550.88 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 1.97% [1] - The bank achieved a net profit attributable to shareholders of 220.86 billion yuan, reflecting a year-on-year growth of 3.03% [1]

Group 1 - President Trump has decided on the next Federal Reserve Chairman, expressing a desire for the nominee to implement interest rate cuts [2] - Trump has criticized current Chairman Jerome Powell for not lowering rates quickly enough and is looking for a more aggressive approach to rate cuts [2] - Kevin Hassett, the White House National Economic Council Director, is seen as a potential candidate who aligns with Trump's views on aggressive rate cuts [2] Group 2 - Other potential candidates include Federal Reserve Governors Christopher Waller and Michelle Bowman, former Fed Governor Kevin Warsh, and Rick Rieder from BlackRock [2] - The nominee will need Senate confirmation, and if an outsider is chosen, they may also require confirmation for a 14-year term starting next February [3] - Powell's current term as Chairman will end in May next year [3]

Core Viewpoint - The article highlights the role of agricultural banks in supporting the development of technology-driven enterprises like Seres Group, emphasizing the importance of comprehensive financial services in fostering innovation and competitiveness in the new energy vehicle sector [1][2][3][4]. Group 1: Company Overview - Seres Group is a private enterprise that has transitioned from relying on joint ventures to achieving technological independence, supported by comprehensive financial services from Agricultural Bank [1]. - The company is focused on producing smart and safe new energy vehicles, showcasing advanced manufacturing capabilities within its super factory [1]. Group 2: Financial Support and Strategy - Agricultural Bank has committed 500 million yuan in equity investment to support Seres Group's strategic layout in smart new energy, moving beyond traditional short-term credit models [2]. - The bank is exploring and optimizing the investment-loan linkage model to enhance support for technology enterprises, leveraging its risk management expertise to monitor financing conditions and mitigate bankruptcy risks [2][3]. Group 3: Broader Industry Impact - Agricultural Bank has established a comprehensive financial support ecosystem, including the creation of a 50 billion yuan Zhejiang Social Security Science and Technology Innovation Fund and 14 equity investment funds in pilot cities [3]. - As of September, Agricultural Bank has provided comprehensive financial support to over 80,000 technology enterprises, aiming to strengthen the financial backing for high-level technological self-reliance and the construction of a modern industrial system [4].

Core Insights - The case of Agricultural Bank providing financial support to Cyberspace Group represents a shift in banking from traditional credit models to a dual-value creation approach, emphasizing long-term capital and comprehensive services for technology enterprises [2][3] - The transformation from "financing" to "intelligence" highlights the need for banks to adapt their financial service systems and risk management frameworks to better support technology-driven companies [2][3] Group 1: Financial Innovation and Support - Agricultural Bank's investment of 500 million yuan in equity capital exemplifies a collaborative model that enhances the capital structure and market competitiveness of technology firms [2] - The case illustrates a replicable path for banks to transition from debt-oriented thinking to equity-oriented thinking, focusing on growth logic rather than collateral [3] Group 2: Challenges and Opportunities in Financing - The current financial support system in China is primarily based on indirect financing, with a need for improved long-term and patient capital supply, especially for foundational research and cutting-edge technology [4][5] - Direct financing, particularly through bonds and equity, is gaining traction in the technology sector, indicating a growing support from capital markets for innovation [4][5] Group 3: Recommendations for Banks - Banks should develop a comprehensive financial capability system that integrates investment, debt, and advisory services to meet the diverse capital needs of technology enterprises [3][6] - Emphasis should be placed on building specialized teams that understand technology, industry, and finance to enhance service delivery to innovation-driven companies [6] - Banks are encouraged to actively participate in the bond market and establish mechanisms for long-term capital support, including market-oriented debt-to-equity swaps [5][6]

Core Viewpoint - The personal consumption loan interest subsidy policy aims to stimulate domestic demand and support economic recovery in China, marking a shift from broad financial support to targeted measures [1][2]. Group 1: Policy Implementation and Impact - The interest subsidy policy has shown positive results, with over 1.1 million clients served by Agricultural Bank and an additional 117.7 billion yuan in loans from China Construction Bank by the end of September [1]. - The policy is designed to support two types of consumption: daily expenses under 50,000 yuan and key areas such as household vehicles, education, and elderly care, with a subsidy cap of 3,000 yuan [1][2]. - The collaboration between the Ministry of Finance, the People's Bank of China, and financial regulators emphasizes a "precise drip irrigation" approach, enhancing the efficiency of fiscal funds and targeting consumer needs [1][2]. Group 2: Consumer and Supply Side Effects - The policy effectively reduces consumer credit costs, with a 500 yuan subsidy covering nearly 30% of interest for a 50,000 yuan loan at a 3.5% annual rate, significantly easing the burden on families [2]. - Major state-owned banks and financial institutions have established a comprehensive service network, with Agricultural Bank's consumer loan balance increasing by 126.1 billion yuan and China Construction Bank surpassing 645.8 billion yuan [2]. - The policy creates a virtuous cycle of "fiscal guidance, financial support, and consumption stimulation," leveraging fiscal funds to encourage financial institutions to serve real consumption [2]. Group 3: Long-term Market Confidence and Structural Changes - The subsidy policy aligns with the trend of rising service consumption, with per capita service expenditure reaching 46.8% in the first three quarters of this year, driving consumption growth [3]. - The policy not only aims for short-term consumption boosts but also focuses on cultivating long-term market confidence and optimizing the consumption environment [3]. - Future efforts should enhance policy implementation mechanisms, strengthen inter-departmental collaboration, and improve data sharing to ensure the sustainability and precision of the policy [3].

特此公告。 中国农业银行股份有限公司董事会 二〇二五年十二月一日 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年总损失吸收能力非资本债券（第三期）（债券通）"（以下简称"本期债 券"）。 本期债券于2025年11月27日簿记建档，于2025年12月1日发行完毕。本期债券发行总规模为人民币200亿 元，分为三个品种。其中品种一为4年期固定利率债券，发行规模为人民币140亿元，票面利率为 2.02%，在第3年末附有条件的发行人赎回权；品种二为6年期固定利率债券，发行规模为人民币30亿 元，票面利率为2.12%，在第5年末附有条件的发行人赎回权；品种三为11年期固定利率债券，发行规 模为人民币30亿元，票面利率为2.50%，在第10年末附有条件的发行人赎回权。 本期债券募集资金在扣除发行费用后，将依据适用法律和主管部门的批准用于提升本行总损失吸收能 力。 ...

农业银行在此轮行情中率先挣脱"破净"枷锁，让市场看到了希望。A股市场厚重而坚韧的基石——金融 股，或许已迎来其价值再发现的转折点。 金融业，特别是银行与险企，其经营本质是风险的管理与定价。眼下，随着经济周期变化、低利率时代 到来，"叙事转换"的资本市场回暖向好，让困扰金融股已久的估值问题再次被推至前台接受各方审视和 讨论。 这可能不是一场简单的轮动。金融股是有了新的驱动逻辑，还是一场源于深层认知革新的"价值重估"？ 近期，上海证券报推出"金融股价值再发现"系列报道，旨在探寻金融股在新叙事环境下的新定价逻辑。 详见2版·焦点 传统估值框架下的金融股，常被简化为市盈率与市净率的数字游戏。42只银行股，大部分市净率 （PB）不到1倍，估值长期低于净资产的"魔咒"始终挥之不去，让银行经营者和市场投资者耿耿于怀。 ...