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12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: 浙商銀行股份有限公司 (「本行」) 呈交日期: 2026年1月5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) 02016 說明 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 5,920,200,000 RMB 1 RMB 5,920,200,000 增加 / 減少 (-) 0 RMB 0 本月底結存 5,920,200,000 RMB 1 RMB 5,920,200,000 | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601916 | 說明 | | 於上海證券交易所 （「上交所」）上市之A股 | | | | | | | | 法定 ...

Group 1: Management Changes - On December 31, 2025, Zhejiang Zheshang Bank announced a significant management restructuring, transitioning to a "one president and four vice presidents" model, thereby streamlining its executive team [1][4][6] - Chen Haiqiang resigned as president but will continue as the party secretary and executive director, while Lv Linhua has been appointed as the new president, pending regulatory approval [1][4][5] - The bank eliminated four assistant president positions, reducing the executive structure from "one president, three vice presidents, and four assistant presidents" to "one president and four vice presidents" [1][6] Group 2: Asset Quality and Financial Performance - Zhejiang Zheshang Bank's non-performing loan (NPL) ratio has improved, decreasing from 1.53% in 2021 to 1.36% in the first three quarters of 2025, marking a continuous decline over four years [2][10] - As of the end of Q3 2025, the bank's total assets reached 3.39 trillion yuan, reflecting a year-on-year increase of 634.73 billion yuan, or 1.91% [9] - The bank's net interest margin for the first three quarters of 2025 was 1.67%, down from 1.71% in 2024, indicating a narrowing trend in net interest margins [8] Group 3: Strategic Focus and Initiatives - The bank is focusing on high-quality development and has initiated a three-year action plan (2025-2027) to deepen its presence in Zhejiang, aiming to enhance its market share [11] - Zhejiang Zheshang Bank has committed to providing no less than 100 billion yuan in new financing services annually to support major projects in the region [11] - The bank is also advancing its digital transformation efforts to improve operational efficiency, with a cost-to-income ratio of 26.44%, down 1.46 percentage points year-on-year [9]

Core Viewpoint - Zhejiang Zheshang Bank is undergoing significant management changes, including the appointment of a new president and a restructuring of its executive team to streamline operations and enhance efficiency [2][4]. Management Changes - Chen Haiqiang will resign as president on December 31, 2025, but will continue as the party secretary and executive director, temporarily fulfilling the role of chairman [2][4]. - Lu Linhua has been appointed as the new president, pending approval from the National Financial Regulatory Administration [2][4][5]. - The bank has eliminated four assistant president positions, reducing its executive structure from "one president, three vice presidents, and four assistants" to "one president and four vice presidents" [2][5]. Asset Quality Improvement - Zhejiang Zheshang Bank has shown a continuous improvement in asset quality, with non-performing loan (NPL) ratios decreasing from 1.53% in 2021 to 1.36% in the first three quarters of 2025 [3][10]. - The bank's total assets reached 3.39 trillion yuan by the end of Q3 2025, reflecting a year-on-year increase of 634.73 billion yuan, or 1.91% [9]. Financial Performance - For the first three quarters of 2025, the bank reported operating income of 48.931 billion yuan, a decrease of 6.78% year-on-year, and a net profit attributable to shareholders of 11.668 billion yuan, down 9.59% [8]. - The net interest margin for the same period was 1.67%, down from 1.71% in 2024, indicating a narrowing trend [8]. - Non-interest income also fell to 14.493 billion yuan, a decline of 14.26% year-on-year [9]. Strategic Focus - The bank is focusing on high-quality development and optimizing its asset-liability structure amid a challenging market environment characterized by low growth and demand [9]. - Zhejiang Zheshang Bank has initiated a three-year action plan (2025-2027) to deepen its presence in Zhejiang, aiming to enhance its market share and support significant projects in the region [10].

Core Viewpoint - Zhejiang Zheshang Bank announced a significant leadership restructuring aimed at streamlining its executive team and enhancing governance in line with provincial government directives [1][2]. Group 1: Leadership Changes - Lin Jingran resigned from the position of Vice President, while Wang Chaoming and Hou Bo stepped down as Assistant Presidents due to job adjustments [1][2]. - Zhou Weihua and Pan Huafeng were appointed as new Vice Presidents, both previously serving as Assistant Presidents [1][2]. - Lü Linhua was appointed as the new President and nominated as an executive director candidate, succeeding Chen Haiqiang, who transitioned to the role of Chairman [1][2]. Group 2: Executive Team Composition - The new executive structure will consist of one President and four Vice Presidents, transitioning from a previous model of one President, three Vice Presidents, and four Assistant Presidents [3]. - All five key executives are from the "post-70s" generation, indicating a younger leadership team, with Lü Linhua being 47 years old and the others aged between 46 and 54 [3]. Group 3: Strategic Focus - The leadership changes are part of a broader strategy to deepen reforms and support the economic and financial development of Zhejiang Province [3]. - The bank aims to enhance its financial services in key areas such as consumer finance, traditional industry upgrades, and emerging sectors, while also focusing on cross-border financial services [5]. - The bank emphasizes a strategy of "deepening in Zhejiang," aiming to support major provincial projects and improve its service system to align with the needs of global Zhejiang merchants [5].

Core Viewpoint - In 2025, the Chinese banking industry is undergoing significant regulatory scrutiny characterized by "strict regulation, strong accountability, and zero tolerance," leading to a notable increase in both the quantity and amount of penalties imposed on various banking institutions [1]. Regulatory Penalties Overview - The number of penalties exceeding ten million yuan has reached nearly 30, affecting a wide range of institutions including state-owned banks, policy banks, joint-stock banks, city commercial banks, private banks, and bank-affiliated wealth management subsidiaries [1]. - Penalties are not limited to traditional areas like credit management but also extend to corporate governance, related party transactions, anti-money laundering, data security, and wealth management [2]. Corporate Governance and Compliance - Major state-owned banks such as Bank of China, Industrial and Commercial Bank of China, and Agricultural Bank of China have received substantial fines for issues related to corporate governance and business management [3]. - The largest penalty of the year was imposed on Bank of China, amounting to 97.9 million yuan for various management issues [3]. - Regulatory focus has shifted to deeper issues such as the effectiveness of board responsibilities and the integrity of internal control processes [3]. Compliance and Anti-Money Laundering - There has been an intensified crackdown on compliance, particularly in the anti-money laundering sector, with significant fines imposed on banks for failing to adhere to basic financial management regulations [4]. - For instance, China Merchants Bank was fined 68.07 million yuan for violating 11 regulations related to account management and anti-money laundering [4]. Business Management Issues - The primary reasons for penalties in the banking sector include: - Inadequate management across various business areas such as loans, interbank transactions, and wealth management [6]. - Non-compliance with anti-money laundering responsibilities, including failure to identify customers and report suspicious transactions [7]. - Violations in foreign exchange and investment operations, including illegal currency transactions and improper investment disclosures [8]. - Insufficient implementation of regulatory requirements, leading to non-compliance in data reporting and employee management [9]. Emerging Business Areas - New banking business models, including wealth management subsidiaries and direct banks, have also faced penalties, indicating strict regulatory oversight in these emerging sectors [11]. - For example, a wealth management subsidiary was fined 17.5 million yuan for non-compliance in product information disclosure and post-investment management [12]. Double Penalty System - The implementation of a "double penalty system" has become a significant aspect of regulatory actions, where both institutions and responsible individuals face penalties [13]. - This system aims to link the career prospects of involved personnel directly to the compliance performance of their institutions, thereby enhancing accountability [14]. Summary of Penalties - A detailed overview of penalties reveals that various banks have faced significant fines for a range of compliance failures, with amounts often exceeding ten million yuan [15][16].

Core Viewpoint - The leadership restructuring at Zhejiang Commercial Bank aims to streamline management and enhance the bank's governance in line with provincial government directives, while also promoting a younger executive team to drive long-term stability and support the economic development of Zhejiang Province [1][2][3]. Group 1: Leadership Changes - Zhejiang Commercial Bank announced a significant leadership change, with Lin Jingran resigning as vice president and Wang Chaoming and Hou Bo stepping down as assistant presidents due to job adjustments [1][2]. - Zhou Weixin and Pan Huafeng have been appointed as new vice presidents, both previously serving as assistant presidents [1][2]. - Lü Linhua has been appointed as the new president, with his qualifications pending approval, marking a shift in the bank's leadership structure from "one president and three vice presidents" to "one president and four vice presidents" [1][3]. Group 2: Executive Team Composition - The new executive team will consist of Lü Linhua (president), along with vice presidents Jing Feng, Luo Feng, Zhou Weixin, and Pan Huafeng, all of whom are in their 40s and 50s, indicating a younger leadership profile [3]. - Lü Linhua is 47 years old, while the other vice presidents are aged between 46 and 54, reflecting a trend towards a more youthful management team [3]. Group 3: Strategic Focus - The leadership changes are part of a broader strategy to deepen reforms and enhance the bank's service capabilities, particularly in supporting major projects and financing initiatives within Zhejiang Province [5]. - The bank aims to integrate the directives from recent central economic meetings into its "14th Five-Year Plan," focusing on sectors like consumption and livelihood, and optimizing its financial service system for traditional and emerging industries [5]. - Emphasis will be placed on building a financial ecosystem that aligns with the needs of the 8 million Zhejiang merchants globally, while also enhancing technology-driven financial services [5].

Group 1 - The State Intellectual Property Office of China has granted a patent to Zhejiang Zheshang Bank Co., Ltd. and Yiqiyin (Hangzhou) Technology Co., Ltd. for a system and method of IoT supervision for steel goods financing based on crane transformation, with the authorization announcement number CN115829474B and application date in December 2022 [1] - Zhejiang Zheshang Bank Co., Ltd. was established in 1993 and is located in Hangzhou, primarily engaged in monetary financial services, with a registered capital of approximately 2.13 billion RMB [1] - The bank has made investments in 7 companies, participated in 2,448 bidding projects, and holds 470 trademark records and 149 patent records, along with 58 administrative licenses [1] - Yiqiyin (Hangzhou) Technology Co., Ltd. was founded in 2020, also located in Hangzhou, focusing on software and information technology services, with a registered capital of 20 million RMB [1] - The technology company has participated in 26 bidding projects and holds 67 patent records [1]

Core Viewpoint - Zhejiang Commercial Bank (601916) announced the resignation of three executives due to job adjustments, which may impact the bank's operational structure and leadership dynamics [1] Group 1 - Lin Jingran resigned from the position of Vice President due to job adjustment [1] - Wang Chaoming and Hou Bo resigned from their positions as Assistant to the President also due to job adjustments [1] - The resignations are effective immediately upon the delivery of the resignation reports to the bank's board of directors [1]

Core Viewpoint - Zhejiang Merchants Bank (601916) announced the appointment of Mr. Lv Linhua as the executive director of the seventh board of directors, following the resignation of Mr. Chen Haiqiang as president effective December 31, 2025 [1] Group 1 - The board received Mr. Chen Haiqiang's resignation on December 31, 2025, due to work arrangements [1] - Mr. Lv Linhua is appointed as the new president of the bank, with a term aligned with the seventh board of directors [1] - Mr. Lv's qualification for the president position is pending approval from the financial regulatory authority, and he will perform the duties of the president in the interim [1]

Core Viewpoint - Zhejiang Zheshang Bank announced a series of executive changes, including the appointment of a new president and vice presidents, aimed at strengthening leadership and enhancing the bank's operational efficiency [1][2]. Group 1: Executive Changes - Chen Haiqiang resigned as president of Zhejiang Zheshang Bank, and Lu Linhua was appointed as the new president [1]. - Lin Jingran resigned from the position of vice president due to job adjustments, while Wang Chaoming and Hou Bo stepped down as assistant presidents [1]. - Zhou Weixin and Pan Huafeng were appointed as vice presidents, with Pan also taking on the role of Chief Risk Officer [2]. Group 2: Background of New Executives - Lu Linhua has extensive experience in the financial sector, having previously served as a vice president at Zhejiang Rural Commercial Bank and held various positions in financial regulatory bodies [4]. - Zhou Weixin has held significant roles in Bank of China, including risk management and branch leadership positions, before joining Zhejiang Zheshang Bank [4]. - Pan Huafeng has a strong background in risk management, having worked in various capacities at Bank of China and Zhejiang Zheshang Bank [4]. Group 3: Strategic Implications - The leadership adjustments are part of a broader strategy to streamline management and enhance the bank's governance structure, aligning with provincial government directives [3]. - The changes are expected to facilitate comprehensive reforms within Zhejiang Zheshang Bank, supporting the economic and financial development of Zhejiang Province [3].