Core Insights - The six major state-owned banks in China, including Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, and Bank of Communications, have released their third-quarter financial reports, showing varied performance in revenue and net profit growth [1][2]. Group 1: Financial Performance - ICBC reported a third-quarter revenue of 201.886 billion yuan, a year-on-year increase of 2.42%, and a net profit of 101.805 billion yuan, up 3.29%. For the first three quarters, revenue reached 610.968 billion yuan, growing by 1.98%, with a net profit of 269.908 billion yuan, an increase of 0.33% [1]. - Agricultural Bank of China achieved third-quarter revenue of 180.981 billion yuan, a 4.30% year-on-year increase, and a net profit of 81.349 billion yuan, up 3.66%. For the first three quarters, revenue was 550.774 billion yuan, growing by 1.87%, with a net profit of 220.859 billion yuan, an increase of 3.03% [1]. - Bank of China reported third-quarter revenue of 162.201 billion yuan, a 0.58% increase year-on-year, and a net profit of 60.069 billion yuan, up 5.09%. For the first three quarters, revenue was 491.204 billion yuan, growing by 2.69%, with a net profit of 177.66 billion yuan, an increase of 1.08% [1]. - China Construction Bank's third-quarter revenue was 179.429 billion yuan, a decline of 1.98%, while net profit increased by 4.06% to 95.808 billion yuan. For the first three quarters, revenue was 573.702 billion yuan, growing by 0.82%, with a net profit of 258.446 billion yuan, an increase of 0.52% [2]. - Bank of Communications reported third-quarter net operating income of 66.561 billion yuan, a year-on-year increase of 4.23%, and a net profit of 23.978 billion yuan, up 2.46%. For the first three quarters, net operating income was 200.059 billion yuan, growing by 1.86%, with a net profit of 69.994 billion yuan, an increase of 1.9% [2]. - Postal Savings Bank of China achieved third-quarter revenue of 85.634 billion yuan, a 2.48% year-on-year increase, and a net profit of 27.334 billion yuan, up 1.23%. For the first three quarters, revenue was 265.08 billion yuan, growing by 1.82%, with a net profit of 76.562 billion yuan, an increase of 0.98% [2].

Core Viewpoint - The establishment of the first national standard social security service cooperation outlet by Industrial and Commercial Bank of China (ICBC) in Heze marks a new phase in the standardized development of the "social security + banking" service model in the region [2][3] Group 1: Service Model and Collaboration - The social security and banking cooperation is a crucial measure for optimizing the business environment and implementing welfare policies, facilitating the transition of social security services from "window service" to "nearby service" [2] - The new outlet serves as a benchmark for social security and banking cooperation in the city, aiming to deepen resource integration and ensure continuous improvement in service quality [2] Group 2: Service Offerings - The outlet provides comprehensive services including social security card inquiries, applications, activations, loss reporting, and reissuance, as well as high-frequency tasks related to pension, work injury, unemployment insurance, and social security qualification certification [3] - ICBC is actively participating in community welfare initiatives, offering benefits such as discounted public transport fares and appliance trade-in promotions, while also conducting regular services aimed at the elderly population [3] Group 3: Infrastructure and Technology - The outlet has been built according to strict standards, featuring dedicated service areas, specialized equipment, and a trained service team, leveraging ICBC's financial technology to ensure real-time data transmission and comprehensive service management [3] - The launch of the national standard outlet will enhance the convenience of social security services in the city, contributing to a more empathetic and responsive service environment for the community [3]

Group 1 - The article discusses the recent volatility in gold prices, with fluctuations reaching nearly $500 per ounce, and current spot gold prices above $3900 per ounce [1] - Several banks, including Bank of Communications and Agricultural Bank of China, are shifting to a floating mechanism for gold accumulation plans, allowing investment amounts to adjust with real-time gold prices [3][4] - The article highlights that despite the trend towards floating mechanisms, many banks still maintain fixed investment thresholds, with recent adjustments in minimum investment amounts across various banks [4][5] Group 2 - In Q3, global gold demand reached a record high of 1313 tons, a 5% year-on-year increase, with total demand exceeding $100 billion for the first time [6][8] - Central bank gold purchases have slowed but remain strong at 186 tons for the quarter, with total purchases for the year at 694 tons, consistent with the previous year [8] - The article notes a 12% decline in gold jewelry consumption, yet its total value increased by 13% to over $360 billion, indicating a shift towards lighter gold products [8]

证券代码：601398 证券简称：工商银行 公告编号：临 2025-041 号 中国工商银行股份有限公司 董事会决议公告 本行独立董事对本议案发表如下意见：上述优先股股息分配议案符合相关法 中国工商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。 中国工商银行股份有限公司（简称本行）董事会于 2025 年 10 月 30 日在北 京市西城区复兴门内大街 55 号本行总行召开会议。会议应出席董事 13 名，亲自 出席 12 名；委托出席 1 名，段红涛董事委托廖林董事长出席会议并代为行使表 决权。高级管理层成员列席会议。会议的召开符合法律法规、《中国工商银行股 份有限公司章程》（简称《公司章程》）以及《中国工商银行股份有限公司董事 会议事规则》的规定。 会议由廖林董事长主持召开。出席会议的董事审议通过了以下议案： 一、关于 2025 年第三季度报告的议案 议案表决情况：有效表决票 13 票，同意 13 票，反对 0 票，弃权 0 票。 本议案已经本行董事会审计委员会审议通过，全体成员同意提交董事会审 议。 具体内容请见 ...

Core Insights - The core viewpoint of the article is the financial performance of Industrial and Commercial Bank of China (ICBC) for the third quarter of 2025, highlighting modest growth in revenue and net profit along with improvements in asset quality [1] Financial Performance - The bank reported operating income of 610.968 billion yuan, representing a year-on-year increase of 1.98% [1] - The net profit attributable to shareholders of the parent company was 269.908 billion yuan, showing a year-on-year growth of 0.33% [1] Asset Quality - As of the end of September 2025, the non-performing loan ratio stood at 1.33%, a decrease of 0.01 percentage points [1] - The provision coverage ratio was 217.21%, an increase of 2.30 percentage points [1]

Core Insights - The Industrial and Commercial Bank of China (ICBC) reported a net profit of 271.882 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 0.52% [1] - The annualized average return on total assets was 0.71%, and the annualized weighted average return on equity was 9.30%, both showing a decline of 0.07 and 0.47 percentage points respectively [1] Financial Performance - Operating revenue reached 640.028 billion yuan, marking a year-on-year increase of 2.17% [1] - Net interest income was 473.416 billion yuan, which represents a decrease of 0.70% [1] - The annualized net interest margin was 1.28%, down by 15 basis points [1] - Non-interest income totaled 166.612 billion yuan, an increase of 11.30%, with net fee and commission income at 90.868 billion yuan, growing by 0.60% [1] - Business and management expenses amounted to 161.592 billion yuan, up by 2.97% [1] - The cost-to-income ratio stood at 25.25% [1] Asset Quality - Provisions for various asset impairment losses were 127.093 billion yuan, a decrease of 1.69% [1] - Loan impairment losses increased by 12.00%, totaling 137.473 billion yuan [1]

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，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任 何責任。 中國工商銀行股份有限公司 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED （於中華人民共和國註冊成立的股份有限公司） 股份代號：1398 中國工商銀行股份有限公司 二〇二五年第三季度報告 中國工商銀行股份有限公司（「本行」）董事會宣佈本行及其子公司（「本集團」）截至2025 年9月30日止第三季度的業績。本公告乃根據《證券及期貨條例》（香港法例第571章）第 XIVA部及《香港聯合交易所有限公司證券上市規則》第13.09條的要求而作出。 重要內容提示： 本行董事會及董事、高級管理人員保證季度報告內容的真實、準確、完整，不存在虛假 記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 本行法定代表人廖林、主管財會工作負責人劉珺及財會機構負責人許志勝保證本季度報 告中財務信息的真實、準確、完整。 本季度財務報表未經審計。 1 一、主要財務數據 （一）主要會 ...

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) reported significant improvements in key operating indicators for the first three quarters of the year, attributed to effective measures taken by the bank [1] Group 1: Financial Performance - ICBC's management highlighted that the improvements in operating indicators were a result of a series of effective measures implemented [1] - The bank aims to maintain a good balance between volume and price while optimizing its asset-liability structure [1] Group 2: Future Outlook - The fourth quarter is seen as a critical period for the conclusion of the "14th Five-Year Plan," while next year marks the beginning of the "15th Five-Year Plan" [1] - ICBC anticipates that the release of various economic stimulus measures will positively impact the economy [1] - The bank will continue to focus on exploring new growth drivers in its non-interest income amidst market fluctuations [1]

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) is adopting a cautious and flexible approach to its bond investment strategy in response to rising interest rates, emphasizing the importance of asset safety and stable returns while optimizing investment strategies for long-term health and risk resilience [1][2]. Group 1: Investment Strategy - ICBC plans to adhere to three main principles for its bond investment: "steady, flexible, and forward-looking" [1]. - The bank will closely monitor macroeconomic policy signals and market sentiment to dynamically optimize the overall scale, variety, and duration of bond investments, balancing current returns with medium- to long-term interest rate risks [1]. - The bank aims to enhance overall investment returns through active trading strategies and precise research on various bond types, optimizing the structure of its investments [1]. Group 2: Market Environment - ICBC anticipates that future market interest rates will exhibit a fluctuating range, influenced by multiple factors, including the central bank's liquidity policies and year-end institutional allocation demands [1]. - The bank emphasizes the need for refined management and scientific grasp of investment rhythm and risk exposure in a complex and changing market environment [2].

段 红 涛 先 生 的 简 历 请 参 见 本 行 刊 载 于 上 海 证 券 交 易 所 网 站 （www.sse.com.cn） 的《中国工商银行股份有限公司 2025 年第一次临时股东大 会会议资料》。 特此公告。 中国工商银行股份有限公司董事会 证券代码：601398 证券简称：工商银行 公告编号：临 2025-040 号 中国工商银行股份有限公司 关于董事任职资格获核准的公告 中国工商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。 中国工商银行股份有限公司（简称本行）收到《国家金融监督管理总局关于 段红涛工商银行董事任职资格的批复》。根据有关规定，国家金融监督管理总局 已核准段红涛先生担任本行执行董事的任职资格。段红涛先生担任本行执行董事 的任职已生效。本行欢迎段红涛先生加入本行董事会。 二〇二五年十月三十日 ...