Core Insights - Gansu Bank's mobile banking application has evolved significantly over the past decade, growing from a simple app to a comprehensive digital financial platform that serves over 4.3 million users [1][2][10] Group 1: Growth and User Engagement - The mobile banking app was launched in 2015 with less than 30,000 users and a transaction volume of only 320 million yuan, but by October 2023, the user base had increased to 4.32 million, a growth of 144 times, with transaction amounts reaching 234.4 billion yuan in the first ten months of the year [2][4] - Monthly active users exceed 1.1 million, indicating strong engagement and reliance on the app by local residents [2] Group 2: Technological Advancements - The app has undergone multiple iterations, from version 1.0 to 8.0, with significant enhancements in functionality and user experience, including the introduction of features like fingerprint payment and smart voice assistance [5][6] - The latest version, 8.0, incorporates advanced technologies such as AI search, smart risk control, and privacy protection, setting a benchmark for digital banking in the region [5][10] Group 3: Service Expansion and Inclusivity - Gansu Bank's mobile banking has expanded its services to include over 100 convenient payment options, covering social security, healthcare, and utility payments, thereby enhancing its role in local financial ecosystems [3][4] - The bank has launched various inclusive financial products aimed at serving small and micro enterprises and farmers, benefiting over a million clients [3][10] Group 4: Recognition and Awards - Over the past decade, Gansu Bank's mobile banking has received multiple industry awards, including the Best Mobile Banking Function Award and the Most Distinctive Mobile Banking Function Award, reflecting its innovation and impact in the digital finance sector [6][7] Group 5: Future Outlook - Gansu Bank aims to continue its digital transformation by offering more innovative products and services, with a commitment to enhancing financial accessibility for all residents in Gansu [10]

致：香港交易及結算所有限公司 公司名稱: 甘肅銀行股份有限公司 (「本行」) 呈交日期: 2025年12月3日 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11月30日 狀態: 新提交 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) | 02139 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 3,793,800,000 | RMB | | 1 RMB | | 3,793,800,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 3,793,800,000 | RMB | | 1 RMB | | 3,793,800,000 | | 2. 股份分類 | ...

Core Viewpoint - Gansu Bank has launched its new mobile banking version 8.0, emphasizing digital finance and customer needs, aiming to provide safer, more convenient, and warmer mobile financial services [1] Group 1: Service Features - The new mobile banking 8.0 integrates a one-stop service for retirement planning, pension inquiries, and policy interpretations, covering the entire lifecycle from young savings to retirement [2] - A new "certificate aggregation" feature allows users to consolidate their certificates in the mobile app, with automatic maturity reminders and real-time interest calculations for easier asset management [2] - The app collaborates with UnionPay to offer exclusive service areas for local life scenarios, including payment discounts, fuel recharges, and ride-hailing services [2] Group 2: User Experience Enhancements - The app provides a comprehensive view of personal accounts, managing deposits, investments, insurance, and loans, with frequently used functions optimized for easy access on the homepage [3] - A large cash withdrawal appointment feature allows users to select the branch and time online, eliminating the need to queue for in-person services [3] - The bank has developed a service chain based on customer segmentation, offering personalized benefits such as birthday gifts and holiday payment discounts [3] Group 3: Security Measures - AI facial recognition technology enables instant identity verification regardless of lighting or network conditions, enhancing transaction security [4] - Real-time monitoring of mobile threats provides immediate risk alerts, ensuring a secure transaction environment [4] - The updated privacy policy uses plain language to explain permissions, ensuring users are informed about their personal information usage [4] Group 4: Technological Integration - The app integrates Huawei's native smart features, introducing exclusive "small card" and "tap to share" functionalities for HarmonyOS users [5] - Desktop small cards display balance and payment information without needing to open the app, enhancing user convenience [5] - The bank aims to deliver seamless digital financial services across various regions, maintaining a commitment to collaboration, intelligence, and openness [5]

Core Viewpoint - Gansu Bank has positioned itself as a key financial partner for local economic development, focusing on serving the "three rural issues," small and medium enterprises, and urban-rural residents, thereby achieving significant growth alongside the economic development of Gansu province [1][2]. Group 1: Service to the Local Economy - Gansu Bank has consistently adhered to its mission of serving the real economy, providing substantial financial support to local economic development, and has issued over 800 billion yuan in project loans within the province by the end of September this year [2]. - The bank has implemented a "full lifecycle" service model for major project support, ensuring that financial resources are directed towards key areas and weak links in the economy [2]. Group 2: Business Transformation - Gansu Bank aims to transform into a high-quality listed bank and a preferred comprehensive financial service provider by focusing on six major business segments and ten core capabilities [3]. - The bank is advancing its retail financial transformation, launching products like "Longying Quick Loan" and establishing a credit card system, which has led to a diversified product matrix [3]. Group 3: Digital Transformation - Gansu Bank has built an integrated online and offline digital service ecosystem, with over 4 million mobile banking customers and nearly 1800 billion yuan in assets under management (AUM) as of September this year [4]. - The bank has achieved full-process online data interaction and approval, enhancing its digital service capabilities [4]. Group 4: Social Responsibility - Gansu Bank has received multiple awards for its contributions to poverty alleviation and has been recognized as a leading bank in precise poverty alleviation efforts [5]. - The bank actively engages in social welfare initiatives, including financial assistance and disaster recovery efforts, demonstrating its commitment to social responsibility [6]. Group 5: Support for Rural Revitalization - Gansu Bank has prioritized rural revitalization by implementing the "Billion Yuan Agricultural Loan Project," launching 12 specialized products, and providing over 4 billion yuan in loans to support local industries [6]. - The bank has established a rapid response mechanism for disaster recovery, offering tailored financial services to affected individuals and businesses [6].

Core Insights - The increasing global focus on ESG (Environmental, Social, and Governance) has made it an unavoidable topic for companies, as highlighted by the recent ESG reports from Guangfa Bank and Gansu Bank [1][2] - The KPMG 2025 ESG Assurance Maturity Index indicates a significant disparity in ESG readiness among companies, with leading firms scoring 65.2 and entry-level firms only 30.5, reflecting a need for improvement across the board [1] - A notable 88% of companies that are the first to report under the CSRD (Corporate Sustainability Reporting Directive) have engaged external assurance service providers, emphasizing the essential role of professional institutions in the ESG journey [1] Group 1 - Guangfa Bank has published its 2025 ESG report, while Gansu Bank has announced a competitive consultation for its ESG report advisory services [1] - The KPMG report shows an overall readiness score of 46.77 for surveyed companies, with a stark contrast between leading and entry-level firms [1] - The reliance on external professional support for ESG reporting is growing, with 88% of early CSRD reporters seeking external assurance [1] Group 2 - KPMG's ESG partner in China, Shen Ying, notes that ESG assurance is shifting from passive compliance to value-driven approaches, highlighting the increasing importance of professional service institutions [2] - Professional service institutions are expected to play a crucial role in enhancing global ESG practices through knowledge sharing, capacity building, and data management [2] - Chinese companies can leverage the global networks and expertise of professional institutions to better integrate into the global sustainable development movement and achieve high-quality growth [2]

Core Viewpoint - Gansu Bank has established itself as a key player in supporting local economic development over the past fourteen years, aligning its services with the needs of the region and contributing to high-quality growth in Gansu province [1][5]. Group 1: Commitment to Local Economy - Gansu Bank's mission focuses on serving the local economy, agriculture, small and medium enterprises, and urban and rural residents, integrating its financial work with the broader development goals of Gansu [1]. - The bank has provided over 800 billion yuan in project loans to support local industries, significantly contributing to economic stability and growth in the province [6]. Group 2: Innovation and Development - Gansu Bank has evolved from a single business model to a diversified financial ecosystem, enhancing its service offerings and operational capabilities [1]. - The bank has established a technology branch and developed specialized products to support technological enterprises, with a total technology loan balance of 237 billion yuan [7]. Group 3: Financial Inclusion and Social Responsibility - Gansu Bank has integrated inclusive finance into its operations, with a balance of 141 billion yuan in small and micro loans, benefiting tens of thousands of clients [8]. - The bank has actively engaged in social responsibility initiatives, including rural revitalization projects and disaster recovery efforts, demonstrating its commitment to community welfare [12][13]. Group 4: Digital Transformation - Gansu Bank is focusing on digital transformation as a core strategy, enhancing its online services and achieving over 400 million yuan in mobile banking clients [11]. - The bank has implemented a dual-channel promotion mechanism for talent development, ensuring a skilled workforce to support its digital initiatives [3]. Group 5: Governance and Leadership - The bank emphasizes strong party leadership and governance as foundational to its operations, integrating political and people-oriented principles into its strategic decision-making [2][4]. - Gansu Bank has established a comprehensive evaluation system for its party-building efforts, ensuring accountability and effectiveness in its governance [3].

Core Viewpoint - Gansu Bank has established itself as a key player in supporting local economic development while adhering to its mission of serving the community and promoting financial inclusion over the past fourteen years [1][7][18]. Group 1: Commitment to Local Economy - Gansu Bank's mission focuses on serving the local economy, agriculture, small and medium enterprises, and urban and rural residents, integrating its financial work with the broader development goals of Gansu [1][7]. - The bank has provided over 800 billion yuan in project loans to support local industries, contributing significantly to the province's economic stability [7][9]. Group 2: Innovation and Development - Gansu Bank has evolved from a single business model to a diversified financial ecosystem, enhancing its service capabilities and supporting high-quality economic development in Gansu [1][7]. - The bank has established a technology branch and developed specialized financial products, achieving a technology loan balance of 237 billion yuan [8][9]. Group 3: Social Responsibility and Community Engagement - Gansu Bank integrates social responsibility into its operations, focusing on rural revitalization and providing targeted financial products to support local industries [15][16]. - The bank has been recognized for its contributions to poverty alleviation and disaster recovery efforts, demonstrating its commitment to community welfare [15][16]. Group 4: Digital Transformation and Customer Service - Gansu Bank is advancing its digital transformation strategy, enhancing its online services and achieving over 400 million mobile banking users [12][13]. - The bank has implemented a comprehensive customer protection system, conducting over 5,000 financial literacy events to educate the public [16]. Group 5: Future Outlook - Gansu Bank aims to continue its alignment with provincial financial policies and contribute to the high-quality development of Gansu, reinforcing its role as a vital financial partner in the region [18].

Core Viewpoint - Gansu Bank has established itself as a key player in supporting local economic development, emphasizing its commitment to serving the real economy and enhancing financial services for various sectors over the past fourteen years [1][5][12]. Group 1: Commitment to Local Economy - Gansu Bank's mission is to serve the local economy, focusing on agriculture, small and medium enterprises, and urban-rural residents, which aligns with national economic development goals [1][5]. - The bank has provided over 800 billion yuan in project loans to support local industries, contributing significantly to economic stability in Gansu province [6]. Group 2: Innovation and Development - Gansu Bank has evolved from a single business model to a diversified financial ecosystem, enhancing its service capabilities and supporting high-quality economic growth [1][5]. - The bank has established a "1+4+N" service model in technology finance, with a loan balance of 237 billion yuan dedicated to technology enterprises [6][7]. Group 3: Green and Inclusive Finance - Gansu Bank has developed a robust green finance framework, with a green loan balance of 228 billion yuan, supporting renewable energy projects [7]. - The bank has also focused on inclusive finance, with a balance of 141 billion yuan in microloans, benefiting thousands of small businesses [8]. Group 4: Wealth Management and Digital Transformation - Gansu Bank has built a comprehensive wealth management system, managing assets worth 2,616 billion yuan, and has implemented a dual-channel promotion mechanism for talent development [10]. - The bank has embraced digital transformation, achieving over 400 million mobile banking users and nearly 1,800 billion yuan in online managed assets [11]. Group 5: Social Responsibility and Community Engagement - Gansu Bank integrates social responsibility into its operations, focusing on rural revitalization and community support, with over 4 billion yuan in loans for local industries [12]. - The bank has actively participated in disaster recovery efforts, providing tailored financial services to affected individuals and businesses [13].

Core Viewpoint - Gansu Bank has signed a donation and financial service cooperation agreement with the Gansu Provincial Heroic Act Foundation, marking a deep integration of finance and public welfare, and demonstrating the bank's commitment to social responsibility and economic development [1][3]. Group 1: Financial and Social Responsibility - Gansu Bank has consistently focused on serving local economies, small and medium-sized enterprises, and urban and rural residents since its establishment, playing an irreplaceable role in economic development while fulfilling its corporate social responsibility [3]. - The signing of the donation and cooperation agreement is seen as a practical step by Gansu Bank to promote stability, uphold positive values, and unite the community, contributing to the construction of a safer Gansu [3]. Group 2: Strategic Initiatives - The agreement provides Gansu Bank with an opportunity to give back to society and support the broader goals of Gansu Province, leveraging its advantages as a local bank to enhance the construction of the political and legal system and support social stability [3]. - Gansu Bank will donate to the Gansu Provincial Heroic Act Foundation and provide comprehensive financial service support, reflecting the social responsibility of financial enterprises and the commitment of legal authorities and society to maintain social harmony and stability [3].

Core Insights - The A-share banking sector has not seen new listings for over two years since Lanzhou Bank's IPO in 2022, with the listing process for small and medium-sized banks significantly slowing down [1] - Despite the slowdown, there are still 15 banks in the preparatory phase for listing, with 14 banks recently disclosing their latest progress reports [1][2] - Common issues among these banks include asset ownership irregularities, the need for optimized equity management, and capital replenishment challenges [1][2][10] Asset Ownership Issues - Asset ownership problems are prevalent among the banks, with issues such as unregistered properties and non-compliance in leasing agreements [3][4] - For instance, Gansu Bank reported ongoing efforts to complete ownership documentation for properties valued at approximately 143 million yuan [3] - Other banks like Wenzhou Bank and Guilin Bank also face similar asset ownership challenges, including unregistered properties and incomplete leasing contracts [4] Equity Management Challenges - Many banks are struggling with complex equity structures, unqualified shareholders, and instances of illegal shareholding [5][6] - For example, Urumqi Bank has a complicated equity structure due to historical reasons and is working on capital expansion to rectify this [6] - Jiangsu Jiangnan Rural Commercial Bank has exceeded the permissible shareholding limit for individual employees, which violates regulatory requirements [6][7] Capital Replenishment Pressures - Capital adequacy remains a critical issue for many small and medium-sized banks, with ongoing pressures despite some banks issuing capital tools and expanding capital [10][11] - HanKou Bank, for instance, has implemented capital expansion measures but still faces challenges in maintaining adequate capital levels, with a capital adequacy ratio of 14.38% as of the end of 2024 [11] - The need for additional capital sources is emphasized as these banks aim to enhance their ability to serve the real economy and mitigate risks [10][12] Listing Process and Regulatory Environment - The regulatory environment has intensified scrutiny on the authenticity and completeness of information disclosure, particularly under the new registration system [1][9] - Banks must address issues related to asset ownership, equity structure, and capital replenishment before they can progress to the IPO application stage [12] - Currently, only five banks remain in the A-share IPO queue, with some at various stages of the application process [12]