中国国际金融股份有限公司、中信证券股份有限公司、 中邮证券有限责任公司、中信建投证券股份有限公司、 招商证券股份有限公司、中国银河证券股份有限公司、 中银国际证券股份有限公司 关于中国邮政储蓄银行股份有限公司 向特定对象发行 A 股股票 发行过程和认购对象合规性的报告 联席保荐人（联席主承销商） 联席主承销商 二〇二五年六月 上海证券交易所： 中国邮政储蓄银行股份有限公司（以下简称"邮储银行"或"发行人"）向 特定对象发行A股股票（以下简称"本次发行"）已收到中国证券监督管理委员 会（以下简称"中国证监会"）出具的《关于同意中国邮政储蓄银行股份有限公 司向特定对象发行股票注册的批复》（证监许可〔2025〕1080号）。 中国国际金融股份有限公司（以下简称"中金公司"）、中信证券股份有限 公司（与中金公司合称"联席保荐人"）作为本次发行的联席保荐人和联席主承 销商，中邮证券有限责任公司、中信建投证券股份有限公司、招商证券股份有限 公司、中国银河证券股份有限公司、中银国际证券股份有限公司（以下简称"联 席主承销商"）作为本次发行的联席主承销商，根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《中华人民共 ...

1 证券代码：601658 证券简称：邮储银行 公告编号：临 2025-040 中国邮政储蓄银行股份有限公司 关于签订募集资金专户存储三方监管协议的公告 中国邮政储蓄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。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意中国邮政储蓄银行股份有 限公司向特定对象发行股票注册的批复》（证监许可〔2025〕1080 号）同意，中国邮政储蓄银行股份有限公司（以下简称本行）向特定 对象发行 20,933,977,454 股 A 股股票（以下简称本次发行）。本次 发行的募集资金规模为人民币 130,000,000,000.00 元，截至 2025 年 6 月 17 日，本次发行募集资金专户已收到扣除保荐及承销费用（不 含增值税）后的募集资金人民币 129,999,632,075.47 元。 毕马威华振会计师事务所（特殊普通合伙）对前述募集资金实收 情况进行了验证，并出具了《中国邮政储蓄银行股份有限公司向特定 对象发行 A 股股票验资报告》（毕马威华振验字第 2500426 号） ...

Core Viewpoint - The Zhengzhou Commodity Exchange (ZCE) has issued a notice to expand the participation of qualified foreign institutional investors (QFIIs) in commodity futures and options trading, facilitating their engagement in the market [1][2]. Group 1: Regulatory Changes - The notice allows banks qualified for margin deposit services to directly engage in margin deposit business for QFIIs, with a total of 15 banks eligible [1]. - Futures companies must manage the trading permissions and ensure compliance with the regulations for QFIIs, including the opening of accounts and suitability management [1][2]. Group 2: Risk Management and Compliance - ZCE emphasizes the importance of risk management and the need for futures companies to guide QFIIs on trading, settlement, and related risks to ensure orderly participation in the market [2]. - All relevant entities are required to prepare for QFIIs' participation in commodity futures and options trading, enhancing risk control measures to maintain market stability [2]. Group 3: Designated Banks for Margin Deposits - A list of banks qualified for margin deposit services for domestic clients includes major banks such as Bank of Communications, Industrial and Commercial Bank of China, and China Construction Bank among others [5].

关于公司为北京华素向邮储银行申请 5,000 万元固定资产贷款提供担保的公告 共 5 页 证券代码：000931 证券简称：中关村 公告编号：2025-062 北京中关村科技发展（控股）股份有限公司 公司拟同意上述融资事项，并提供连带责任保证担保，北京华素以其位于北 京市房山区良乡金光北街 1 号工交房地产提供抵押担保。 关于公司为北京华素向邮储银行申请 5,000 万元固定资产 经深圳市同致诚资产评估土地房地产估价顾问有限公司对上述抵押资产进 行评估并出具编号为深同诚评字（2025T）04DQB-B-PSBC 第 0019 号的《房地 产抵押估价报告》：上述资产于估价价值时点 2025 年 2 月 14 日的抵押价值为 北京华素已出具书面《反担保书》。 根据《公司章程》的规定："对外担保等特殊事项应当经出席董事会会议 的 2/3 以上董事同意"。 因公司及控股子公司已审批的对外担保总额超过最近一期经审计净资产的 第 1 页 关于公司为北京华素向邮储银行申请 5,000 万元固定资产贷款提供担保的公 告 共 5 页 贷款提供担保的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、 ...

Group 1 - The core idea of the event was to provide valuable guidance on college entrance examination application strategies to parents and students [1][2] - The event featured expert Zhang Fan, who discussed key strategies for filling out college applications based on students' scores, interests, and strengths [1] - The session included in-depth analysis of special admission channels such as the Strong Foundation Program and university-specific plans, helping attendees understand the requirements and selection processes [1] Group 2 - The event aimed to enhance customer satisfaction and deepen relationships by offering valuable services, reflecting the bank's commitment to social responsibility [1][2] - Parents expressed gratitude for the support received, indicating that the event alleviated their anxiety regarding college application planning [2] - The successful execution of the event strengthened the emotional connection between the bank and its customers, receiving positive feedback from participants [2]

Core Viewpoint - Postal Savings Bank of China is actively supporting agricultural financing during the summer harvest season, ensuring timely financial services for farmers and grain purchasers to safeguard food security and promote rural prosperity [1][4]. Group 1: Financial Services Initiatives - The bank has established a "Summer Harvest Service Team" to provide on-site financial services across over 20 counties, ensuring immediate access to funds for farmers [2]. - The service team has conducted nearly 100 on-site services and visited over 3,000 farmers, addressing funding needs exceeding 1.53 billion yuan [2]. Group 2: Innovative Financial Products - The bank launched a specialized "Grain Loan" product offering up to 5 million yuan in pure credit loans and 10 million yuan in secured loans, with an annual interest rate starting at 2.51% [3]. - A "Summer Harvest Green Channel" has been established to expedite loan approvals, allowing funds to be disbursed within 1 to 3 working days [3]. Group 3: Impact on Rural Economy - The bank has issued over 9 billion yuan in specialized loans for the grain industry, serving nearly 3,000 agricultural entities [4]. - The bank aims to continue innovating its online and offline service models to enhance financial support for rural revitalization efforts [4].

Group 1 - Postal Savings Bank of China Ganzhou Branch is actively conducting a campaign themed "Protecting the Wallet and Safeguarding Happiness" to prevent illegal fundraising in 2025, utilizing both online and offline methods to strengthen financial security [1] - The campaign includes a concentrated publicity day on June 13, where the bank set up promotional booths, distributed brochures, displayed case studies, and provided on-site Q&A to educate the public about common scams in areas like private investment and elderly care [1] - The bank has reached nearly 2,000 people and distributed over 3,000 promotional materials, effectively delivering financial knowledge to the community [1] Group 2 - Since the beginning of the year, the Postal Savings Bank of China Ganzhou Branch has successfully deterred multiple fraud cases through a "branch monitoring + regular education" mechanism, recovering nearly 300,000 yuan for the public [2] - The bank plans to continue enhancing financial knowledge dissemination, innovating promotional methods, and improving financial service quality to better protect the public's financial safety [2]

Core Viewpoint - Recent announcements from multiple banks regarding the addition or adjustment of various service fees have sparked widespread market attention, indicating a shift in the banking sector's revenue strategies in response to ongoing pressure on net interest margins [1][4]. Service Fee Adjustments - Suzhou Bank announced a new service fee for its "Respect Card" with an annual fee of 588 yuan for platinum cards, effective from September 10, 2025 [2]. - Uihai Bank will start charging for credit business and syndicate loan services, with personal deposit certificate fees set at 20 yuan per copy and credit certificate fees at 200 yuan per copy [2]. - Other local banks, such as Qingyang Rural Commercial Bank and Lujiang Rural Commercial Bank, have also announced fee adjustments, including a new ATM withdrawal fee of 3.3 yuan per transaction for debit cards starting September 1 [2]. - China Bank will adjust its credit card settlement service fees starting June 10, 2025, with changes to transaction fees based on a percentage of the withdrawal amount [2]. Reasons for Fee Adjustments - The recent adjustments in service fees are attributed to the banks' need to respond to the earlier "fee reduction and benefit" policies, which expanded the range of free services [3]. - Banks are increasingly focusing on non-interest income to counteract the pressure on net interest margins, leading to the introduction of new service fees within regulatory compliance [3][4]. Exploring New Revenue Paths - Banks are actively seeking new revenue channels through the addition of service fees, which can help optimize their income structure and enhance sustainability in serving the real economy [4]. - The adjustments in service fees necessitate improved communication with customers to explain the rationale behind the fees and the value of services provided, balancing profitability with customer satisfaction [4]. Diversification of Revenue Sources - In addition to new service fees, banks are encouraged to explore diversified revenue paths through business expansion and product innovation [5]. - Strategies include moving beyond traditional lending models to offer comprehensive financial services and developing specialized credit products aligned with emerging industries and societal trends [5].

Investment Rating - The industry investment rating is "Positive" and maintained [12] Core Viewpoints - The Longjiang Bank Index increased by 0.7% this week, outperforming the CSI 300 Index by 1.0% and the ChiNext Index by 0.5%. The market's focus on bank stocks has accelerated, particularly on high-quality city commercial banks [2][20] - The fiscal injection into major state-owned banks has been realized, with expectations for further injections into other banks. The average dividend yield for A-shares of the five major state-owned banks is approaching 4%, while H-shares maintain a valuation advantage [10][42] - The market is paying close attention to convertible bond banks, with potential valuation recovery and trading opportunities identified [8][28] Summary by Sections Market Performance - The Longjiang Bank Index has shown a cumulative increase of 0.7% this week, with significant individual performances from Minsheng Bank and Nanjing Bank, the latter having met the conditions for convertible bond redemption [6][20] Fiscal Injection Impact - As of June 13, 2025, the fiscal injection for Bank of China and Bank of Communications has been completed, with expectations for similar actions for China Construction Bank and Postal Savings Bank. The average dividend yield for H-shares of the five major state-owned banks is 5.51%, showing a significant discount compared to A-shares [7][10][42] Convertible Bonds - The market has focused on banks with convertible bonds, particularly those like Hangzhou Bank, which are expected to see valuation recovery as they meet redemption conditions. Nanjing Bank has also exceeded the strong redemption price for 15 trading days [8][28] Social Financing and Loan Growth - In May, the social financing growth rate remained stable at 8.7%, with new RMB loans decreasing to 7.1%. The total new social financing was 2.29 trillion yuan, with a year-on-year increase of 224.1 billion yuan, primarily driven by government bonds [9][31]

Group 1 - The core viewpoint of the article is that the Ministry of Finance is providing substantial capital injection to four major banks through a special bond issuance, which is expected to enhance their ability to support the real economy [1] - The total capital increase for the four banks—Bank of China, Postal Savings Bank, Bank of Communications, and China Construction Bank—amounts to 520 billion yuan, with the Ministry of Finance contributing 500 billion yuan [1] - According to a report from Galaxy Securities, if the newly raised capital is fully utilized for lending, it could generate approximately 4.84 trillion yuan in incremental credit for the banks combined, with individual contributions of 1.52 trillion yuan for Bank of China, 1.06 trillion yuan for Bank of Communications, 0.86 trillion yuan for China Construction Bank, and 1.41 trillion yuan for Postal Savings Bank [1]