工商银行江门分行走进企业开展金融需求深入调研与对接。 2025年上半年，工商银行江门分行坚持深入践行金融工作的政治性、人民性，紧密围绕国家经济金融工 作部署，立足江门区域特色，深耕"五篇大文章"，以创新驱动持续提升金融服务实体经济质效，在科技 金融、养老金融、数字金融等重点领域取得显著成果，书写金融助力高质量发展的创新篇章。 该行大力推动数字化转型，已成功为生鲜冷链、加油站、餐饮、票务、教育培训等多行业的企业上 线"融e聚"，为企业构建全面、高效的数字生态系统，截至6月末开放银行连接客户达199户，年内已为 474万人次的C端用户提供支付服务，帮助企业开展数字化转型和实业产业升级，以高质量数字金融服 务赋能实体经济高质量发展。 截至6月末，该行全市高新技术企业结算服务覆盖率达67%，较年初提升17个百分点；科技贷款余额较 年初增长5.7%。 养老金融智慧服务托起"夕阳红" 随着人口老龄化进程加快，构建多层次养老服务体系成为民生要务。该行积极履行社会责任，以金融科 技为支撑，积极参与江门市长者饭堂建设，通过构建"智慧养老"结算平台，为老年群体打造便捷、温暖 的智慧养老新体验，守护老人幸福"食"光。截至2025年 ...

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 ...

从中华交易服务中国香港内地指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中华交易服务中国香港内地指数持仓样本的行业来看，可选消费占比31.46%、通信服务占比 22.20%、金融占比22.02%、信息技术占比11.09%、能源占比5.82%、医药卫生占比2.85%、房地产占比 2.40%、主要消费占比1.08%、工业占比0.61%、原材料占比0.49%。 本文源自：金融界 作者：行情君 金融界7月24日消息，上证指数低开高走，中华交易服务中国香港内地指数 (中华香港内地指数， CESHKM)上涨0.04%，报7017.14点，成交额847.61亿元。 数据统计显示，中华交易服务中国香港内地指数近一个月上涨7.67%，近三个月上涨13.13%，年至今上 涨25.31%。 据了解，中华交易服务中国跨境指数系列为一系列证券价格指数，由中华交易服务中国 120 指数(中华 120)、中华交易服务中国 A80 指数(中华 A80)、中华交易服务中国香港内地指数(中华香港内地指数)以 及中华交易服务中国 280 指数(中华 280)组成，以综合反映沪深港三地上市中国大、中盘证券的整体表 现。该指数以200 ...

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) announced the early repayment of a $2.9 billion foreign debt, which may signal a strategic shift in China's approach to the US dollar and its financial positioning in the global economy [1][3]. Group 1: Debt Repayment Context - The $2.9 billion debt was issued in September 2020 with a maturity date in September 2025, and the decision to redeem it two months early reflects significant changes in the global economic landscape since the onset of the COVID-19 pandemic [3][4]. - The interest rate on the debt was approximately 4.5% at the time of issuance, but due to the Federal Reserve's aggressive rate hikes, the cost of servicing this debt would have increased significantly, potentially exceeding $20 million annually [4][5]. Group 2: Strategic Implications - The repayment is seen as a move to mitigate risks associated with holding US dollar-denominated assets, which have become "toxic" due to the volatility in the dollar's value and the potential for financial sanctions from the US [4][6]. - This action also aligns with China's broader strategy to promote the internationalization of the renminbi, as evidenced by increasing use of the currency in global trade, including oil transactions with traditional dollar allies [5][6]. Group 3: Economic Confidence - The decision to repay the debt indicates strong confidence in the Chinese economy, which has shown resilience with a GDP growth of 5.2% in 2023, contrasting with global economic challenges [5][6]. - ICBC's ability to repay the debt without relying on national foreign exchange reserves underscores the bank's financial strength and the overall health of China's economy [6]. Group 4: Broader Economic Trends - The early repayment of dollar debt by ICBC is part of a larger trend among Chinese companies, with over $100 billion in dollar debt repaid in 2023, signaling a collective move towards "de-dollarization" [6][7]. - This shift could have significant implications for the global financial landscape, potentially reducing reliance on the US dollar and enhancing the value of the renminbi for domestic consumers [7].

然后，借"三方封存存单"名义，用伪造存单替换真实凭证，储户手里那张存单变成一张废纸 再然后，以"远程核验"为由收走储户身份证； 最后同伙凭真存单、密码和身份证，直接在银行柜台代办转账。 短短8个月，28名储户的2.53亿元存款就这样被掏空，至今仍有1.2亿元下落不明。 2018年，广西南宁的段女士被邻居推荐了一个"高息存款"项目：工商银行南宁分行高管梁建红声称，企 业贷款需储户"帮忙冲量"，承诺除正常利息外，每月额外补贴4.5%收益。出于对国有大行的信任，段女 士存入100万元，全程在工行柜台办理。 最离谱的是监管部门曾11次发出书面风险预警，指出"同一代理人多次支取大额存单""资金流向异常"， 工行却置之不理。 骗局由此展开： 首先，梁建红要求储户按"企业代表"提供的密码设置存单，等于储户密码完全泄露。 以上操作都是在工商银行南宁分行办公大厅的柜台前完成的，梁建红能得手，根源在于银行内控形同虚 设： 梁建红在银行营业场所伪造350份存单、套取公章，长达8个月未被发现； 储户存款存入45分钟内即被转走，反洗钱系统竟没有触发预警，我们去柜台取个几万块，都要被问这问 那，几个亿的存款，说转就转了？ 再有，11次预 ...

Core Points - The company plans to redeem all of its $2.9 billion offshore preferred shares on September 23, 2025, following approval from the financial regulatory authority [1][2] - The board of directors unanimously approved the redemption proposal with 15 votes in favor and no votes against or abstentions [1] - The company has received no objections from the financial regulatory authority regarding the redemption [2] Summary by Sections - **Redemption Proposal**: The company intends to exercise its right to redeem $2.9 billion offshore preferred shares, pending regulatory approval and compliance with relevant laws and its articles of association [1][2] - **Board Approval**: The board meeting held on April 29, 2025, resulted in a unanimous decision to proceed with the redemption, indicating strong internal support for the action [1] - **Regulatory Compliance**: The company has followed necessary internal procedures for disclosure and has confirmed that no insider trading occurred during the disclosure pause [2]

Group 1 - The "support for the development of open-source technology communities" goal outlined in the "14th Five-Year Plan" is being actively implemented across various sectors of the financial industry [1] - Over 58% of the financial sector is actively planning internal open-source collaboration mechanisms to enhance deep collaboration and sharing among technology teams, accelerating the industry's transition to intelligence and platformization [1] - The China Academy of Information and Communications Technology (CAICT) has facilitated open-source governance assessments for numerous financial institutions, including Agricultural Bank of China, Industrial and Commercial Bank of China, and China Construction Bank, creating replicable and scalable standardized practices [1] Group 2 - More than 50 financial enterprises have collaboratively established an innovation platform for technological collaboration and achievement transformation within the financial open-source community [1] - Open-source models are recognized as a new production method in the digital age, effectively reducing costs associated with technological innovation, resource allocation, and industrial transformation [1] - According to CAICT's research, the application rate of the DeepSeek series open-source models in financial enterprises is as high as 100%, while the Tongyi Qianwen series exceeds 70%, indicating that open-source is becoming the mainstream model for digital technology innovation [1] Group 3 - Representatives from China Ping An Life, Agricultural Bank of China, CAICT, China Construction Bank, and Industrial and Commercial Bank of China jointly released a roadmap for the construction of the financial open-source system and initiated a collection of excellent case studies [2] - A pilot program for assessing the innovation and development capabilities of financial open-source initiatives has also been launched [2]

Group 1 - The core viewpoint of the news is the performance of the China Securities Hong Kong 300 Value Index, which has shown significant growth over various time frames, indicating a positive market trend [1][2]. - The China Securities Hong Kong 300 Value Index has increased by 6.54% in the past month, 18.03% in the past three months, and 22.11% year-to-date [1]. - The index is composed of four sub-indices: the China Securities Hong Kong 300 Growth Index, the China Securities Hong Kong 300 Value Index, the China Securities Hong Kong 300 Relative Growth Index, and the China Securities Hong Kong 300 Relative Value Index [1]. Group 2 - The top ten holdings of the China Securities Hong Kong 300 Value Index include major companies such as China Construction Bank (10.36%), HSBC Holdings (9.8%), and China Mobile (7.29%) [1]. - The financial sector dominates the index's industry composition, accounting for 59.00%, followed by communication services at 10.98% and energy at 10.50% [2]. - The index undergoes semi-annual adjustments, with sample changes implemented on the next trading day after the second Friday of June and December [2].

Core Viewpoint - The Guangdong branch of the Industrial and Commercial Bank of China (ICBC) is focusing on technology finance as a key strategy to support the development of technology-driven enterprises in the Greater Bay Area, with significant growth in loans to technology companies and plans for investment funds in key industries [1][2]. Group 1: Technology Finance Initiatives - As of June 2025, the loan balance for technology enterprises at Guangdong ICBC reached 286.8 billion yuan, an increase of 23.2 billion yuan from the beginning of the year, representing an 8.8% growth [1]. - The bank plans to establish a matrix of seven AIC equity investment funds with a total scale exceeding 12 billion yuan, focusing on key industries such as artificial intelligence, robotics, new energy, and integrated circuits [1]. - Two funds have already been launched with a combined scale of 3.1 billion yuan, including an investment of 340 million yuan in a leading domestic photomask company [1]. Group 2: Support for Manufacturing and Talent - The manufacturing sector's merger and acquisition loan balance at Guangdong ICBC reached 19.8 billion yuan as of June 2025, focusing on horizontal expansion and vertical integration of leading enterprises [2]. - The "Scientist Entrepreneurship e-loan" program has issued loans to 16 entities, totaling approximately 5 million yuan, aimed at attracting high-level talent from local universities and institutions [2]. - Since the introduction of new financial policies in September 2024, the bank has facilitated 20 loan agreements for stock buybacks and increases by listed companies, amounting to 4 billion yuan, positioning itself as a leader in this area [2]. Group 3: Future Plans and Organizational Structure - The bank aims to deepen its focus on technology finance, exploring innovative financial models to integrate innovation chains, industrial chains, capital chains, and talent chains [3]. - A specialized organizational structure has been established to cater to the characteristics of technology enterprises, including a "Greater Bay Area Manufacturing Center + Technology Finance Center + Technology Branch" framework [2].

Core Viewpoint - The report highlights a growing interest from overseas investors in Chinese financial stocks, particularly state-owned banks and mid-cap financial stocks, driven by favorable market conditions and potential for higher returns [1][2]. Group 1: Investor Interest and Market Trends - Chinese financial stocks have risen by 23% this year, with their weight in the MSCI China Index increasing from 12.8% in June 2021 to over 19% currently [2]. - There is a notable trend of capital inflow from southbound funds and insurance companies buying bank stocks and high-yield equities [2]. - The participation in Bank of America’s recent roadshow for Chinese financial stocks was significant, with investors from New York, Singapore, and Beijing attending, indicating strong interest [2]. Group 2: Performance Expectations - The second quarter of 2025 is expected to be favorable for Chinese financial stocks, aided by limited declines in net interest margins and improved trading revenues due to lower bond yields and better A-share market performance [3]. - Loan growth slightly increased from 6.7% in May to 6.8% in June, with social financing and narrow money supply growth exceeding expectations [3]. - Despite ongoing asset quality pressures, some banks reported stabilization in new non-performing loans in retail lending during the second quarter [3]. Group 3: Valuation and Investment Strategies - Investors believe that bank stock trading is more influenced by capital flows than by fundamentals, with over a third of inquiries directed at insurance companies regarding their investment strategies in bank stocks [4]. - Asset management companies, including Huarong and Cinda, have also been purchasing Chinese bank stocks, motivated by potential accounting gains from equity accounting [4][22]. - There is speculation on whether bank stock price-to-book ratios will return to 1x, with expectations that insurance companies and asset managers may increase their allocations to high-yield stocks until this threshold is reached [5].