Core Viewpoint - The article argues that securitization is not an effective method for disposing of non-performing loans, despite being a financing tool [2][10]. Summary by Sections Securitization Example - Postal Savings Bank issued a securitized product based on personal credit non-performing consumer loans, with a total of 18,529 loans and 8,675 borrowers involved [3][4]. - The total principal amount of the underlying assets was 1.11 billion yuan, with an expected recovery of 237.33 million yuan over 33 months [3][4]. Issuance Details - The securitized product had a total issuance amount of 182 million yuan, with a senior tranche of 142 million yuan at a fixed interest rate of 2.38% [4][5]. - The expected maturity date for the senior tranche is January 26, 2024, with a legal maturity date of April 26, 2028 [5]. Recovery and Issuance Discrepancies - The article questions why only 182 million yuan was issued against a principal of 1.11 billion yuan, highlighting that the loans are non-performing and not all can be recovered [7]. - It also discusses why the expected recovery of 237 million yuan led to an issuance of only 182 million yuan, emphasizing the need to account for costs and investor returns [7]. Investor Interest - Investors are willing to purchase the securitized product because the expected recovery exceeds the amount invested, providing a potential profit margin [8]. Bank's Motivation for Securitization - The bank benefits from reducing its non-performing loan balance and receiving upfront cash from the securitization, which can enhance profits if the loans have been fully provisioned [9]. Critique of Securitization - The article argues that the cash received from securitization may be less than what could be recovered through traditional collection methods, especially when considering the transitional period where funds are not accessible to the bank [11][15]. - It highlights that the supposed time advantage of receiving cash earlier through securitization does not hold up under scrutiny, as the bank cannot freely use funds collected during the transitional period [15][17]. Alternative Solutions - The article suggests that traditional methods like write-offs and collections could effectively replace securitization, as they do not incur the same costs and risks associated with securitization [20][22]. - It emphasizes that banks can still manage their non-performing loans effectively without resorting to securitization, which may lead to negative impacts on profitability and loan classification [24][26].

Core Viewpoint - Postal Savings Bank of China Qingdao Branch is actively promoting financial education to enhance public awareness of financial risks and consumer rights, aligning with the "Finance for the People" philosophy [2][3][9]. Group 1: Financial Education Initiatives - The bank is conducting a financial education week from September 15 to 21, 2025, themed "Protecting Financial Rights, Supporting a Better Life" [2]. - A special task force has been established to implement detailed plans focusing on four core objectives: popularizing financial knowledge, warning about financial risks, optimizing financial services, and promoting a culture of integrity [3]. - The bank emphasizes a tailored approach to financial education, adapting strategies to local economic characteristics and demographics [3][4]. Group 2: Targeted Outreach - The bank is focusing on key demographics, including the elderly and youth, to provide tailored financial education and risk awareness [4][5]. - Activities include anti-fraud campaigns in communities, targeting common scams affecting seniors, and educating students about online fraud [4][5]. - The "Village-to-Village" initiative aims to extend financial knowledge to rural areas, addressing gaps in financial services and consumer rights protection [6]. Group 3: Innovative Communication Methods - The bank is exploring immersive and interactive educational formats to engage the public more effectively [7]. - Digital channels and social media are being utilized to disseminate financial knowledge through engaging content, including short dramas and live Q&A sessions [8]. - The bank's mobile app provides real-time risk warnings during critical transactions, enhancing consumer protection [8]. Group 4: Risk Awareness and Consumer Protection - The bank is actively working to raise awareness about financial fraud and misleading marketing practices, particularly among vulnerable groups [9]. - Emphasis is placed on adhering to the "three appropriateness" principle in financial marketing to ensure suitable products are offered to the right customers [9]. - The bank aims to build a trustworthy financial ecosystem by promoting consumer rights and enhancing service quality [10].

【 导读 】国有六 大银行同日官宣，不再设立监事会 中国基金报记者 嘉合 9月25日晚间，工商银行、中国银行、农业银行、建设银行、交通银行相继发布公告，宣布公司章程修订已获得监管核准，不再设立监事 会。 具体来看，工商银行公告显示，该行于2025年6月27日召开的2024年度股东年会审议批准了《关于审议及撤销监事会相关事项的议 案》，并于近日收到《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》，核准该行修订后的公司章程。 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）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.本行收到《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本行修 订后的公司章程。修订后的公司章程全文请参 见上海证券交易所网站（www.sse.com.cn）和 本行网站（www.icbc-ltd.com）。《中国工商 银行股份有限公司股东会议事规则（2025年 版）》《中国工商银行股份有限公司董事 ...

Core Insights - The meeting focused on enhancing the "Digital Federation of Industry and Commerce" platform to improve financial services for private enterprises, addressing the challenges of financing difficulties and delays [1][3]. Group 1: Platform Development - Six financial institutions recognized the platform as a vital link between government, banks, and enterprises, suggesting increased promotion, diversified financial products, and optimized platform functions to provide digital financial services to more businesses [3]. - The government aims to replace traditional one-on-one banking interactions with efficient "checklist-style" services through the platform, enhancing service response efficiency and ensuring that financial products reach target enterprises directly [4]. Group 2: Collaborative Efforts - There is a strong emphasis on inter-departmental and inter-bank collaboration to ensure effective policy implementation, with a focus on establishing a regular communication mechanism among the financial office, industry associations, and banks [4]. - Financial institutions are encouraged to share information and provide specialized guidance to assist enterprises in using the platform effectively, ensuring a coordinated approach to service delivery [4]. Group 3: Financial Product Optimization - Banks are urged to innovate and optimize their financial product offerings to cater to the diverse needs of enterprises at different growth stages and in various industries, ensuring that all eligible businesses can access necessary financing [4]. - The goal is to enhance the quality and efficiency of financial services, thereby supporting enterprise development and contributing to the overall economic growth of the region [5].

Core Insights - Postal Savings Bank of China (PSBC) Jin Hua Branch has provided a technology credit loan of 28 million yuan to Zhejiang Hengcheng Hard Alloy Co., Ltd., a private enterprise specializing in tungsten products, to alleviate financial pressure due to increased inventory and production costs [1][2] - The PSBC Jin Hua Branch has launched technology credit loans to address the financing difficulties faced by "specialized, refined, and innovative" enterprises, which often lack traditional collateral [2] Group 1 - Zhejiang Hengcheng Hard Alloy Co., Ltd. is a "specialized, refined, and innovative" private enterprise engaged in the research, production, and sales of tungsten products [1] - The company faced significant financial pressure with an average inventory investment of nearly 10 million yuan per production line due to increased product inventory [1] - The PSBC Jin Hua Branch's technology credit loan program allows for unsecured loans, with the maximum credit limit reaching 100 million yuan, thereby broadening financing options for technology-based enterprises [2] Group 2 - As of August 2025, the PSBC Jin Hua Branch has issued over 5.1 billion yuan in loans to "specialized, refined, and innovative" and technology enterprises, reflecting a growth rate of over 14% [2] - The Jin Hua region is accelerating the construction of a modern industrial system, focusing on ten key industrial chains to foster new productive forces and develop a strong advanced manufacturing city [2] - The PSBC Jin Hua Branch is committed to enhancing financial support for private advanced manufacturing and small to medium-sized enterprises, contributing to the local economy and the development of key industrial chains [2]

证券之星消息，9月25日国有大型银行板块较上一交易日下跌0.45%，邮储银行领跌。当日上证指数报收 于3853.3，下跌0.01%。深证成指报收于13445.9，上涨0.67%。国有大型银行板块个股涨跌见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601288 农业银行 | | 1.17亿 | 3.86% | -1.48亿 | -4.86% | 3060.69万 | 1.01% | | 601939 建设银行 | | 3537.00万 | 3.53% | -1.12 乙 | -11.22% | 7706.27万 | 7.69% | | 601328 交通银行 | | -558.68万 | -0.63% | -1231.62万 | -1.38% | 1790.30万 | 2.00% | | 601988 中国银行 | | -2230.44万 | -1.74% | -1494.53万 | -1.17% | ...

活动围绕"保障金融权益 助力美好生活"主题，以"全覆盖、接地气、重实效"为原则，通过形式多样、 内容丰富的金融知识普及模式，将金融服务与教育融入各类生活场景。 走进邮储银行三门峡市分行各营业网点，宣传专区摆放着精心设计的海报与宣传册，内容涵盖从基础金 融知识到最新风险防范要点。大厅电子屏幕上循环播放着金融知识宣传动画视频，让客户在办理业务等 待间隙也能获取金融知识。 与此同时，宏远农贸市场里，邮储银行陕州区支行的宣传咨询台前围满了市民。工作人员热情发放宣传 资料，开展金融知识问答小游戏，向广大市民讲解防范非法集资、电信诈骗的要点。 来源：环球网 为提升公众金融素养、增强风险防范意识，切实维护金融消费者合法权益，近日，邮储银行三门峡市分 行开展了为期一周的"金融教育宣传周"活动。 据介绍，此次金融教育宣传周，邮储银行三门峡市分行以场景化、精准化服务，将金融知识送到群众身 边。下一步，该行将持续创新宣教形式，深化金融教育普及工作，用专业服务守护公众金融权益，助力 市民美好生活。 邮储银行灵宝市支行则联合乡镇人民政府到阳平镇横涧村开展"金融知识专场"培训，通过把课堂设在村 委会，用"讲故事"的方式还原骗局，把诈骗套 ...

Core Viewpoint - Postal Savings Bank of China (PSBC) experienced a decline of 1.32% in stock price on September 25, with a trading volume of 782 million yuan and a market capitalization of 718.168 billion yuan [1] Financial Performance - PSBC's dividend yields over the past three years were 5.58%, 6.00%, and 4.61% respectively [2] - For the first half of 2025, PSBC reported a net profit attributable to shareholders of 49.228 billion yuan, reflecting a year-on-year growth of 0.85% [7] Shareholder and Market Activity - As of June 30, 2025, the number of PSBC shareholders decreased by 10.31% to 164,100, while the average number of circulating shares per person increased by 11.66% to 415,086 shares [7] - The stock's main net inflow today was -52.5488 million yuan, with a market ranking of 5 out of 6 in its industry, indicating a lack of clear trend in major funds [3][4] Company Overview - PSBC, established on March 6, 2007, and listed on December 10, 2019, is headquartered in Beijing and provides a range of banking and financial services in China [6] - The bank's main business segments include personal banking (69.57% of revenue), corporate banking (19.70%), and funding operations (10.65%) [6] Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, which increased its holdings by 60.8263 million shares to 942 million shares [8][9]

Group 1 - Postal Savings Bank of China (PSBC) is actively supporting local industry clusters in Maoming, Guangdong through innovative financial services and differentiated credit policies [1] - The bank provides full lifecycle financial services to local enterprises, enhancing the economic development of Maoming [1] Group 2 - Guangdong Huifa Plastic Technology Co., Ltd. received differentiated credit support from PSBC, increasing its credit limit from 5 million to 30 million yuan since their partnership began in 2019 [2] - The bank introduced a 10 million yuan online domestic letter of credit for the company, reducing financing costs to around 2% [2] Group 3 - Guangdong Xianlai Medical Device Co., Ltd. has received increasing loan support from PSBC, starting with 2 million yuan in December 2019 and rising to 13 million yuan by July 2024 [2] - This financial support has enabled the company to expand its operations and enhance its production capacity [2] Group 4 - Maoming's Baqi Microelectronics Co., Ltd. has benefited from PSBC's financial backing, receiving 12 million yuan in support for its chip development while establishing a production base with a 90 million yuan investment [3] - The company has achieved significant milestones, including over 70 utility model patents and an expected annual output value of 200 million yuan upon full production [3] Group 5 - PSBC is committed to enhancing its financial service system to support the high-quality development of the local economy, focusing on the unique industrial layout of Maoming [3]

Core Viewpoint - The article highlights the significant role of private enterprises in Hunan Province's economy, emphasizing the support provided by Postal Savings Bank to address financing challenges and promote growth [1][2]. Group 1: Private Enterprises in Hunan - As of the end of 2024, there are 7.35 million private enterprises in Hunan, which are crucial for employment, market prosperity, and improving livelihoods [1]. - The Postal Savings Bank of Hunan has a loan balance of nearly 87 billion yuan for the private economy, serving approximately 130,000 private enterprises [1]. Group 2: Financial Support and Innovation - A specific intelligent technology company received over 70 million yuan in funding from Postal Savings Bank, enabling it to focus on research and development and scale up operations [2]. - The bank provided a 10 million yuan "Science and Technology Credit Loan" and additional credit of 60 million yuan to help a company expand production amid increasing orders [3]. - The bank's customized financial services are designed to assist enterprises in understanding and utilizing government policies and subsidies effectively [3][4]. Group 3: Case Studies of Beneficiary Companies - A high-tech optical company in Changde has invested 3% of its sales revenue in R&D and achieved an order volume of 160 million yuan in the first quarter of the year [4]. - The bank has developed innovative evaluation systems focusing on R&D capabilities and patent numbers to address funding challenges for tech enterprises [4]. - A new materials company in Shaoyang, recognized as a "little giant" enterprise, received 1.6 million yuan in loans to support its initial operations and has since expanded its credit to 16 million yuan [5][6]. Group 4: Future Outlook - The bank aims to continue supporting private enterprises, enhancing their growth and development through financial services, and contributing to the overall economic vitality of Hunan Province [6].