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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 POSTAL SAVINGS BANK OF CHINA CO., LTD. 1658 中國，北京 2026年3月27日 海外監管公告 關於中國郵政儲蓄銀行股份有限公司 2025年度非經營性資金佔用及其他關聯資金往來情況 的專項說明 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10(B)條作出。如下 公告已於上海證券交易所網站刊登，僅供參閱。 特此公告。 承董事會命 中國郵政儲蓄銀行股份有限公司 杜春野 聯席公司秘書 於本公告日期，本行董事會包括董事長及非執行董事鄭國雨先生；執行董事蘆葦先生、姚紅女 士；非執行董事劉新安先生、張宣波先生、劉瑞鋼先生、陳雪女士、胡宇霆先生、丁向明先生 及余明雄先生；獨立非執行董事溫鐵軍先生、鍾瑞明先生、潘英麗女士、唐志宏先生、洪小源 先生、楊勇先生及浦永灝先生。 * 中國郵政儲蓄銀行股份有限公司並非一家根據銀行業條例（香港法例第155章）之認可機 構，並不受 ...

中國郵政儲蓄銀行股份有限公司 2025年度資本管理 第三支柱信息披露報告 | 1 | | 引言 | 2 | | --- | --- | --- | --- | | | 1.1 | 編製依據 | 2 | | | 1.2 | 聲明 | 2 | | 2 | | 風險管理、關鍵審慎監管指標和風險加權資產概覽 | 3 | | | 2.1 | 表格KM1：監管併表關鍵審慎監管指標 | 3 | | | 2.2 | 表格OVA：風險管理定性信息 | 4 | | | 2.3 | 表格OV1：風險加權資產概況 | 7 | | 3 | | 資本和總損失吸收能力的構成 | 8 | | | 3.1 | 表格CCA：資本工具和合格外部總損失吸收能力非資本債務工具的主要特徵 | 8 | | | 3.2 | 表格CC1：資本構成 | 8 | | | 3.3 | 表格CC2：集團財務併表和監管併表下的資產負債表差異 | 11 | | 4 | | 財務報表與監管風險暴露間的聯繫 | 13 | | | 4.1 | 表格LIA：財務數據和監管數據間差異的原因 | 13 | | 5 | | 薪酬 | 13 | | | 5.1 | 表格REMA：薪酬政 ...

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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 POSTAL SAVINGS BANK OF CHINA CO., LTD. 1658 截至2025年12月31日止年度業績公告 中國郵政儲蓄銀行股份有限公司（「本行」）董事會（「董事會」）謹此宣佈本行及 所屬子公司截至2025年12月31日止年度經審核年度業績以及建議派發2025年 現金股息。本行董事會審計委員會已審閱此經審核年度業績。本公告符合《香 港聯合交易所有限公司證券上市規則》中有關年度業績初步公告附載的資料 之要求。本行2025年年度報告將適時刊載於香港交易及結算所有限公司網站 www.hkexnews.hk 及本行網站，並按本行H股股東選擇收取公司通訊的方式寄發 予本行H股股東。 承董事會命 中國郵政儲蓄銀行股份有限公司 杜春野 聯席公司秘書 中國，北京 2026年3月27日 於本公告日期，本行董事會包括董事長及非執行董事鄭國雨先生；執行董事蘆葦先生、姚紅女 士；非執行董事劉新安先生、張宣 ...

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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 POSTAL SAVINGS BANK OF CHINA CO., LTD. 1658 公告 持續關連交易及 調整代理吸收人民幣個人存款業務儲蓄代理費率 背景 茲提述招股章程「關連交易」一節，內容有關（其中包括）本行與郵政集團就本 行委託郵政集團通過代理網點辦理部份商業銀行業務（「代理銀行業務」）訂立 委託代理銀行業務框架協議。茲亦提述本行日期為2022年9月29日的公告及日 期為2022年10月14日的通函，內容有關（其中包括）本行與郵政集團簽訂2022 年補充協議，對代理吸收人民幣個人存款業務儲蓄代理費分檔費率進行調整 （「2022年儲蓄代理費率調整」）並重置被動調整觸發條件，本行日期為2024年9 月30日的公告及日期為2024年10月9日的通函，內容有關（其中包括）本行與郵 政集團簽訂2024年補充協議，對代理吸收存款業務儲蓄代理費定價進行調整 （「2024年儲蓄代理費定價調整」）並重置被動調整 ...

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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 特此公告。 承董事會命 中國郵政儲蓄銀行股份有限公司 杜春野 聯席公司秘書 中國，北京 2026年3月24日 於本公告日期，本行董事會包括董事長及非執行董事鄭國雨先生；執行董事蘆葦先生、 姚紅女士；非執行董事劉新安先生、張宣波先生、劉瑞鋼先生、陳雪女士、胡宇霆先生、 丁向明先生及余明雄先生；獨立非執行董事溫鐵軍先生、鐘瑞明先生、潘英麗女士、 唐志宏先生、洪小源先生、楊勇先生及浦永灝先生。 1658 海外監管公告 關於2021年無固定期限資本債券（第一期）贖回完成的公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10(B)條作出。如下公 告已於上海證券交易所網站刊登，僅供參閱。 POSTAL SAVINGS BANK OF CHINA CO., LTD. 2021年3月，中国邮政储蓄银行股份有限公司（以下简称本行）在全 国银行间债券市场发行了规模为人民币300亿元的减记型无固定期限资 本债 ...

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。 截至本公告日，本行已行使赎回权，全额赎回本期债券。 证券代码：601658 证券简称：邮储银行 公告编号：临2026-009 中国邮政储蓄银行股份有限公司 关于2021年无固定期限资本债券（第一期） 赎回完成的公告 2021年3月，中国邮政储蓄银行股份有限公司（以下简称本行）在全 国银行间债券市场发行了规模为人民币300亿元的减记型无固定期限资 本债券（第一期）（以下简称本期债券），并于2021年3月23日发布了 《中国邮政储蓄银行股份有限公司关于2021年无固定期限资本债券（第 一期）发行完毕的公告》。 根据本期债券募集说明书相关条款的规定，本期债券设有发行人有 条件赎回条款，本行有权在本期债券第5个计息年度的付息日（即2026 年3月23日），全部或部分赎回本期债券。近期本行已取得国家金融监 督管理总局出具的对赎回本期债券无异议的复函。 中国邮政储蓄银行股份有限公司董事会 二〇二六年三月二十四日 特此公告。 ...

Group 1 - The banking sector is experiencing a significant decline, with multiple stocks, including Agricultural Bank of China, Zhangjiagang Bank, and Xiamen Bank, dropping over 5% [1] - Other banks such as Industrial and Commercial Bank of China, Bank of Communications, and Postal Savings Bank of China have also seen declines exceeding 3% [1]

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report highlights that under inflation expectations, broad asset liquidity may contract, and attention should be paid to negative feedback effects [1][14] - The central bank's operations have resulted in a net injection of 215.8 billion CNY, with liquidity in the interbank market remaining ample and funding rates slightly declining [14] - The report emphasizes the potential for liquidity-driven valuation expansion to slow down in the second quarter due to rising inflation expectations and external geopolitical conflicts affecting oil prices [14][16] Summary by Sections 1. Inflation Expectations and Asset Liquidity - The interbank liquidity is currently abundant, with funding rates showing a slight decline. As of March 20, R001 and R007 rates were 1.40% and 1.48%, respectively [14] - The central bank conducted 242.3 billion CNY in 7-day reverse repos, with a maturity of 1,765 billion CNY, and a net injection of 215.8 billion CNY was achieved [14] - The report anticipates that liquidity may face contraction in Q2, influenced by inflation recovery expectations and external factors [14] 2. Central Bank Dynamics and Market Rates - The central bank's operations are characterized by small adjustments, maintaining a stable liquidity environment [15] - The report notes that government bond yields have shown mixed movements, with 1Y and 3Y yields decreasing by 2.0bp and 2.5bp, while longer-term yields have increased [16] - The report suggests that the market should prepare for potential upward pressure on long-term interest rates as economic recovery and inflation expectations evolve [16] 3. Bank Financing Tracking - The report indicates that the issuance of interbank certificates of deposit (NCD) has seen a weighted average issuance rate of 1.53%, down by 2bp from the previous period [19] - The total outstanding amount of interbank certificates of deposit is 18.17 trillion CNY, with a negative net financing of 4.042 billion CNY this period [19] - The report highlights that there were no new issuances of commercial bank bonds during this period, with a total outstanding amount of 3.35 trillion CNY [20]

Core Viewpoint - The establishment of China Post Financial Asset Investment Co., Ltd. (referred to as "China Post Investment") marks the completion of the sixth state-owned bank's financial asset investment company, enhancing the overall capabilities of state-owned banks in supporting technology innovation and private enterprises [1][2]. Group 1: Establishment and Purpose - China Post Investment has been approved with a registered capital of RMB 10 billion and is located in Beijing, aiming to integrate into the comprehensive service matrix of the entire bank [1]. - The company will focus on market-oriented debt-to-equity swaps and equity investment pilot projects, supporting technology innovation and the development of new productive forces [2]. Group 2: Collaboration and Strategic Goals - On its establishment day, China Post Investment signed business cooperation framework agreements with 14 entities in fields such as integrated circuits, clean energy, and advanced manufacturing [2]. - The strategic plan includes creating four major platforms: an innovative platform for investment and loans, a long-term capital platform for technology innovation, a structural reform debt-to-equity swap platform, and an equity investment management platform [2]. Group 3: Industry Expansion and Trends - With the opening of China Post Investment, the number of bank-affiliated financial asset investment companies (AICs) has expanded to nine, with six being state-owned and three being joint-stock banks, indicating a significant advancement in the industry [4]. - AICs are becoming crucial in addressing the financing challenges faced by technology enterprises and fostering new productive forces, with investment pilot programs covering 18 regions nationwide [4]. Group 4: Investment Dynamics and Future Outlook - The AIC sector is experiencing rapid growth, with a notable increase in registered funds, from 59 in 2024 to 131 by 2025, indicating a surge in investment activity [5]. - The focus of investments includes sectors like semiconductors, new energy, and advanced materials, with significant capital allocations already made by various AICs [6]. Group 5: Implications for Banking Sector - The expansion of AICs is expected to open new business opportunities for banks, allowing them to invest in non-listed companies and enhance the value of their financial licenses [7]. - This shift is seen as a necessary response to the narrowing profit margins in traditional lending, enabling banks to explore high-potential sectors and leverage their existing corporate resources for better project identification [7]. Group 6: Challenges and Structural Issues - Despite the strong growth of AICs, there are structural bottlenecks in their operational mechanisms, including misalignment with the inherent nature of equity investments and challenges in balancing flexibility and efficiency in business processes [8].

Macro Dynamics - The Ministry of Commerce announced measures to promote travel service exports and expand inbound consumption, including optimizing visa policies and expanding the list of countries with unilateral visa exemptions [2] - In January-February 2026, China attracted foreign investment of 161.45 billion RMB, a decrease of 5.7% year-on-year, with the manufacturing sector receiving 47.52 billion RMB and the service sector 111.22 billion RMB [3] Healthcare Sector - The National Healthcare Security Administration plans to release version 3.0 of the disease-based payment grouping scheme in July 2026, with implementation set for January 2027 [4][5] Financial Institutions - Postal Savings Bank announced the approval for the establishment of China Post Financial Asset Investment Co., with a registered capital of 10 billion RMB [7] Market Data - On March 20, A-shares saw the Shanghai Composite Index drop by 1.24%, with significant declines in sectors like computing power leasing and cloud computing [8] - The Hang Seng Index fell by 0.88%, with technology stocks experiencing notable declines, while lithium battery stocks showed strength [9][10] Oil Prices - U.S. gasoline prices have risen for 20 consecutive days, with a cumulative increase of 30%, reaching an average of $3.88 per gallon [11] Company Dynamics - China Duty Free Group reported a net profit of 3.586 billion RMB for 2025, a year-on-year decrease of 15.97% [12] - ByteDance has agreed to sell Moonton Technology for over $6 billion, signaling a strategic focus on AI [12] - Li Tong Electronics denied rumors regarding the smuggling of NVIDIA AI servers, stating that all procurement and project deliveries are normal [13]