Core Viewpoint - Jiangxi Bank (01916.HK) announced that its board meeting will be held on August 29, 2025, to consider and approve the interim results for the six months ending June 30, 2025, along with their release [1] Group 1 - The board meeting is scheduled for August 29, 2025 [1] - The meeting will focus on the approval of the interim results for the first half of 2025 [1] - The results will cover the period ending June 30, 2025 [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 賴該等內容而引致之任何損失承擔任何責任。 JIANGXI BANK CO., LTD.* 江西銀行股份有限公司 * （於中華人民共和國註冊成立的股份有限公司） * 江西銀行股份有限公司並非香港法例第155章《銀行業條例》所指認可機構，不受香港金融 管理局的監督，亦不獲授權在香港經營銀行╱接受存款業務。 ** 該等董事待國家金融監督管理總局江西監管局核准其董事任職資格後履職。 江西銀行股份有限公司（「本行」）董事會（「董事會」）謹此公佈，董事會會議將於 2025年8月29日（星期五）舉行，藉以（其中包括）考慮及批准本行及其附屬公司截 至2025年6月30日止六個月之中期業績及其發佈。 承董事會命 江西銀行股份有限公司* 董事長 曾暉 中國，南昌，2025年8月19日 截至本公告日期，本行董事會成員包括執行董事曾暉女士及駱小林先生；非執行 董事尹光星先生**、舒荃先生**、熊潔敏女士、李水平先生及彭曦遠先生；以及 獨立非執行董事楊愛林先生、劉興華先 ...

Core Viewpoint - The recent transfer of shares in Jiangxi Bank indicates a strategic shift in shareholder investment, with a significant portion of shares moving from Shanghai Pudong Development Bank to CITIC Securities Brokerage in Hong Kong, reflecting a market adjustment [1] Group 1: Shareholder Activity - On August 13, Jiangxi Bank's shares worth HKD 84.5899 million were transferred, representing 8.38% of the total shares [1] Group 2: Board of Directors - On June 27, Jiangxi Bank announced the approval of new board members during the annual general meeting, including Ms. Zeng Hui and Mr. Luo Xiaolin as executive directors, and several others as non-executive and independent directors [1]

Group 1 - The core point of the article highlights the transfer of shares of Jiangxi Bank from Shanghai Pudong Development Bank to CITIC Securities Brokerage in Hong Kong, with a market value of HKD 84.5899 million, representing 8.38% of the total shares [1] - On June 27, Jiangxi Bank announced the approval of new executive and non-executive directors for its fourth board of directors during the annual general meeting [1] - The newly appointed executive directors include Ms. Zeng Hui and Mr. Luo Xiaolin, while the non-executive directors consist of Mr. Yin Guangxing, Mr. Shu Quan, Ms. Xiong Jiemin, Mr. Li Shuiping, and Mr. Peng Xiyuan [1] Group 2 - The independent non-executive directors appointed to the fourth board include Mr. Liu Xinghua, Mr. Yang Ailin, Mr. He Enliang, and Ms. Wang Fei Milan [1]

Group 1 - The National Financial Supervision Administration disclosed that Jiangxi Bank's Ji'an branch and related personnel engaged in illegal activities, including improper handling of bank acceptance bills and misrepresentation of expenses [1][2] - Jiangxi Bank's Ji'an branch was fined 1.2 million yuan for these violations, while individual penalties totaling 540,000 yuan were imposed on several responsible persons [1][2]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 江西銀行股份有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01916 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,345,500,000 | RMB | | 1 RMB | | 1,345,500,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 1,345,500,000 | RMB | | 1 RMB | | 1,345,500,000 | | 2. 股份分類 | 普通股 | 股份 ...

Core Viewpoint - Direct banks, once seen as pioneers in the banking industry's embrace of the internet, are now facing significant challenges due to overlapping functionalities with mobile banking and a lack of differentiated competitive strategies, leading to a decline in their numbers and relevance [1][4][9]. Group 1: Development and Decline of Direct Banks - Direct banks were initially launched in 2013 by Beijing Bank and ING Group, becoming a popular innovation in the banking sector, with over 100 banks offering such services at their peak [1][4]. - The decline began around 2019, with many banks, including Minsheng Bank and Guangfa Bank, migrating their direct banking services to mobile banking apps, resulting in a significant reduction in the number of operational direct bank apps [4][9]. - Currently, only about 13 direct bank apps remain available, primarily from small local banks, indicating a drastic reduction from their peak [6][9]. Group 2: Operational Challenges - Direct banks initially thrived due to their online, low-cost operational model but struggled with overlapping functionalities with mobile banking, leading to increased user switching costs and competitive disadvantages [9][10]. - The operational model of many direct banks relies on their parent banks, limiting their decision-making autonomy and slowing product iteration, which further hampers their competitiveness [9][10]. - Only two independent direct banks exist, with both facing significant challenges in their financial performance, indicating the difficulties of sustaining such models in the current market [9][10]. Group 3: Future Prospects - Analysts suggest that the future of direct banks may involve either becoming specialized modules within mobile banking, focusing on high-yield deposits and customized financial products, or transforming into open banking platforms that integrate financial services into everyday life through API connections [10][11]. - The integration of advanced technologies such as AI and the metaverse could provide opportunities for direct banks to innovate and enhance their service offerings, potentially reviving their earlier success [11].

Group 1 - Huaxia Bank successfully issued the largest 5-year commercial bank technology innovation bond in the market [1] - Chongqing Three Gorges Bank successfully issued 3.5 billion yuan perpetual capital bonds with a coupon rate of 2.69% [3] - Sichuan Energy Development Group's 15 billion yuan small public offering bond project has been accepted by the Shenzhen Stock Exchange [4] Group 2 - Morgan Stanley indicates that New World Development's issuance of US dollar bonds suggests a potential reopening of the offshore bond market for non-state-owned enterprises [5] - A Reuters survey predicts that US Treasury yields are expected to decline in the next six months due to expectations of the Federal Reserve resuming interest rate cuts [6] - Jiangxi Bank plans to issue 4 billion yuan green financial bonds with a 3-year term [7] Group 3 - Huitong Co., Ltd. announced that the conversion price of its convertible bonds will be adjusted to 9.06 yuan per share [8] - South Korea's bond market saw record inflows of foreign capital in May [9]

Core Insights - The China Interbank Market Dealers Association has released the annual evaluation results for main underwriters of non-financial corporate debt financing instruments for 2024, marking the first comprehensive evaluation of its kind [1][2][6] - A total of 72 institutions were evaluated, with 17 receiving an A rating, including major banks like Bank of China and CITIC Bank, as well as several securities firms [1][2][3] - The evaluation aims to shift the market focus from "scale-driven" to "capability-driven" by assessing underwriters on pricing, sales, and market-making abilities [2][6] Evaluation Results - Among the 26 national banks evaluated, 7 were rated A, while 17 received a B rating, and 2 were rated C [3][4] - In the local banks category, 5 institutions received an A rating, while 18 were rated B, and 3 were rated D, which indicates compliance issues [4][7] - In the securities firms category, 5 firms received an A rating, with 10 rated B and 3 rated C [5][6] Special Categories - The association identified four types of specialty underwriters: value discovery, inclusive finance, pioneering, and open service, with China Merchants Bank being the only institution to receive all four distinctions [1][6][8] - Notable institutions recognized for their capabilities include CITIC Securities and Industrial and Commercial Bank of China in various specialty categories [5][6] Compliance and Risks - Three banks were rated D due to compliance issues, which could lead to the cancellation of their business qualifications if they remain in this category for two consecutive years [7][9] - Specific compliance failures included improper bond underwriting management and violations related to bond trading practices [9][10] Market Expansion - The number of institutions involved in non-financial corporate debt financing has expanded, with 99 main underwriters reported as of April 2025, including 67 banks and 25 securities firms [10][12] - The total issuance of debt financing instruments reached 34,396 billion yuan, indicating a robust market activity [10][12] Future Directions - The association plans to enhance the evaluation mechanism to further improve the underwriting capabilities and quality of service in the bond market, aligning with national policies for economic support [12][14]

Core Viewpoint - The announcement from the China Interbank Market Dealers Association reveals the market evaluation results for the main underwriters of non-financial corporate debt financing tools for 2024, marking the first disclosure under the revised evaluation rules established in June 2023 [1] Group 1: Evaluation Criteria and Results - The revised evaluation criteria introduced a new D grade for underwriters with significantly weaker business capabilities and less proactive operations, in addition to the existing A, B, and C grades [1] - A total of 72 main underwriters were evaluated, with Jiangxi Bank, Jilin Bank, and Dongguan Rural Commercial Bank receiving a D grade due to past violations in bond investment and underwriting activities [1][2] - The criteria for being classified as D grade include weak business capabilities, poor compliance, and other conditions deemed appropriate by the association [1] Group 2: Specific Violations - Jiangxi Bank facilitated violations by allowing others to hold bonds improperly, failing to identify or mitigate transaction risks [2] - Jilin Bank charged additional fees under the guise of "fund supervision account fees," interfering with the issuance rate of debt financing tools [2] - Dongguan Rural Commercial Bank faced penalties for inadequate bond underwriting management and inappropriate sales of insurance products [2] Group 3: Outstanding Underwriters - The association evaluated underwriters based on four dimensions: value discovery capability, inclusive capability, pioneering capability, and service openness capability [3] - Notable institutions in value discovery include CITIC Securities, ICBC, and China Merchants Bank [3] - In terms of inclusive capability, Bank of China and CICC were highlighted for their performance [3] - Pioneering capability was recognized in institutions like CITIC Bank and Industrial Bank [3] - For service openness capability, Bank of China and ICBC were also noted for their strengths [3] Group 4: Future Directions - The association plans to optimize the market evaluation mechanism for underwriting institutions, aiming to enhance their operational capabilities and quality, thereby supporting the high-quality development of the interbank bond market [4]