Core Viewpoint - The company successfully issued a total of 30 billion yuan in bonds to enhance its total loss-absorbing capacity [1] Group 1: Bond Issuance Details - The bond issuance consists of two types: a fixed-rate bond with a scale of 26 billion yuan and a floating-rate bond with a scale of 4 billion yuan [1] - The fixed-rate bond has a maturity of 4 years and a coupon rate of 1.93% [1] - The floating-rate bond also has a maturity of 4 years, with the first interest reset period at a coupon rate of 1.94% and a fixed spread of 0.46% [1] Group 2: Purpose of Fundraising - The funds raised from the bond issuance will be used to enhance the company's total loss-absorbing capacity [1]

Core Viewpoint - Recently, Bank of Communications successfully issued the third phase of total loss-absorbing capacity non-capital bonds (TLAC bonds) in the interbank market, indicating strong investor demand and confidence in the bank's financial stability [1] Group 1: Issuance Details - The total issuance scale of the TLAC bonds is 30 billion yuan, with a maturity of 3+1 years [1] - The fixed-rate bond issuance scale is 26 billion yuan, with a coupon rate of 1.93%, and the overall subscription rate is 1.97 times [1] - The floating-rate bond issuance scale is 4 billion yuan, with an initial coupon rate of 1.94%, linked to the 60-day average of the 7-day repo rate (DR007), and the overall subscription rate is 1.77 times [1]

Core Viewpoint - Bank of Communications has successfully issued a total of RMB 30 billion in bonds to enhance its total loss-absorbing capacity, with two types of bonds being offered [1] Group 1: Bond Issuance Details - The total scale of the bond issuance is RMB 30 billion, divided into two varieties [1] - Type one is a 4-year fixed-rate bond with an issuance scale of RMB 26 billion and a coupon rate of 1.93%, featuring a conditional issuer call option at the end of the third year [1] - Type two is a 4-year floating-rate bond with an issuance scale of RMB 4 billion, with the first interest reset period having a coupon rate of 1.94% and a fixed spread of 0.46%, also including a conditional issuer call option at the end of the third year [1] Group 2: Use of Proceeds - The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss-absorbing capacity in accordance with applicable laws and regulatory approvals [1]

Core Viewpoint - Bank of Communications has received regulatory approval to issue a total of RMB 30 billion in bonds to enhance its total loss-absorbing capacity [1] Group 1: Bond Issuance Details - The bond issuance consists of two types: a fixed-rate bond with a scale of RMB 26 billion and a floating-rate bond with a scale of RMB 4 billion [1] - The fixed-rate bond has a maturity of 4 years with a coupon rate of 1.93% and includes a conditional redemption option at the end of the third year [1] - The floating-rate bond also has a maturity of 4 years, with an initial coupon rate of 1.94% and a fixed spread of 0.46%, along with a conditional redemption option at the end of the third year [1] Group 2: Use of Proceeds - The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss-absorbing capacity in accordance with applicable laws and regulatory approvals [1]

本期債券募集資金在扣除發行費用後，將依據適用法律和主管部門的批准用於提 升本行總損失吸收能力。 承董事會命 交通銀行股份有限公司 何兆斌 公司秘書 中國上海 2025年11月14日 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03328） 自願性公告 2025年第三期總損失吸收能力非資本債券（債券通）發行完畢 經相關監管機構批准，交通銀行股份有限公司（「本行」）在全國銀行間債券市場發 行「交通銀行股份有限公司2025年第三期總損失吸收能力非資本債券（債券通）」 （「本期債券」），並於2025年11月14日發行完畢。 本期債券發行總規模為人民幣300億元，分為兩個品種，其中品種一為4年期固定 利率債券，發行規模為260億元，票面利率為1.93%，在第3年末附有條件的發行 人贖回權；品種二為4年期浮動利率債券，發行規模為40億元，首個利率重置期 票面利率為1.94%，固定利差0.46%，在第3年末附有條件的發行人贖回權。 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，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引 ...

Group 1 - The A-share banking sector experienced a collective increase, with major banks such as Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications all rising over 1% [1] - Among these banks, both Industrial and Commercial Bank of China and Agricultural Bank of China reached new highs during intraday trading [1]

正式首发的交通银行与数字人民币西安通联名硬钱包基于安全芯片等技术，支持无网无电支付，集 成了多种实物现金优点。活动现场，公众踊跃领取数字人民币硬钱包，并在文体、美妆、服饰、生活服 务等区域进行现场体验。 11月10日，"丝路新风尚 数币畅西安"数字人民币宣传月暨西安市数字人民币硬钱包首发仪式，在 西安DT51商场举行。人民银行陕西省分行、西安市委金融办，交通银行陕西省分行、西安市数字人民 币各试点金融机构等单位相关负责人出席活动。此次活动是西安市数字人民币应用拓展的又一重要节 点，标志着社会公众即将迎来数字支付新体验。 在宣传月活动启动仪式上，人行陕西省分行相关负责人介绍了西安市数字人民币试点取得的成效， 希望通过数字人民币的扩大应用，进一步惠民生、促消费，鼓励各方力量积极参与，共同营造安全、高 效、普惠的数字支付生态。 本次宣传月活动期间，各试点运营机构将推出相关系列主题活动：如工商银行、农业银行、建设银 行聚焦商业综合体场景，在王府井百货熙地港店等西安大型商业综合体推出数字人民币大额满减活动； 中国银行侧重社区生活场景，在"7-11"、肯德基等商超连锁店推出数字人民币红包优惠；邮储银行陕西 省分行、西安银 ...

Core Points - The announcement details the partnership between Guolianan Fund Management Co., Ltd. and Bank of Communications, effective from November 14, 2025, allowing the bank to sell the Guolianan Double Monthly Enjoy 60-Day Holding Period Pure Bond Fund [1][25]. Group 1: Business Scope - Investors can perform subscription, redemption, conversion, and regular investment for the Guolianan Double Monthly Enjoy 60-Day Holding Period Pure Bond Fund at Bank of Communications branches [1]. Group 2: Regular Investment Rules - Regular investment allows investors to set a fixed amount for automatic deductions from their designated accounts on specified dates, without affecting daily subscription and redemption activities [1][2]. Group 3: Application Process - Investors must open an open-end fund account with Guolianan Fund Management to apply for regular investment, and those already holding an account need to visit Bank of Communications to apply for a trading account [5][6]. Group 4: Deduction and Fee Structure - The minimum monthly deduction for regular investment is set at 1 RMB, and the applicable subscription fee rates are as per the fund's prospectus [7][8]. Group 5: Conversion Rules - Fund conversion allows investors to switch between funds managed by the same fund manager, with specific rules regarding fees and calculations for conversion [12][13]. Group 6: Important Contacts - Investors can contact Bank of Communications or Guolianan Fund Management for further details regarding the fund and its services [24].

Core Insights - The conference held on November 8 in Shanghai focused on the integration of pension finance and the silver economy, aiming to enhance the quality of China's pension services through financial support [1][3] Group 1: Conference Overview - The event was co-hosted by the Bank of Communications, the Ministry of Civil Affairs, the Shanghai Pudong New Area Government, and the China Aging Industry Association, emphasizing the theme "New Era of Elderly Care: Collaborative Development of Industry and Finance" [1] - Key discussions included addressing population aging, upgrading the pension industry, and innovating financial services, with a consensus on the development framework of "Policy Guidance - Financial Empowerment - Industry Upgrade" [3] Group 2: Financial Innovations by Bank of Communications - The Bank of Communications introduced the "Jiaoyin Pension" brand and launched the comprehensive service management system for pension funds and the "Pension e-Loan" product, aiming to provide specialized financial solutions for an aging society [4] - The "Jiaoyin Pension" brand is built on the core values of "Stability, Assurance, Warmth, Happiness," establishing a reliable service system through professional financial management and risk control [4] Group 3: Addressing Regulatory Challenges - The "Jiaoyin Pension Fund Comprehensive Service Management System" was developed to enhance the regulation of prepayment fees in pension institutions, ensuring safety, transparency, and efficiency in fund management [5] - The "Pension e-Loan" product addresses financing challenges faced by pension institutions, utilizing a "government-bank cooperation" model to create a specialized risk assessment framework for loan processing [5] Group 4: Strategic Collaborations - Two significant strategic cooperation agreements were signed during the conference, marking a new phase in the collaboration between government and financial institutions to promote the development of the pension industry [6] - The Bank of Communications and the Ministry of Civil Affairs signed an agreement to leverage their respective strengths in policy, resources, and services to enhance financial support for the pension sector [6] - A partnership was also established between the Bank of Communications and the Pudong New Area Government to jointly advance the high-quality development of the pension industry and the silver economy [6]

Group 1 - The bank ETF Tianhong (515290) has seen a year-to-date share growth rate of 39.92%, with the latest scale at 6.291 billion and circulating shares at 4.145 billion [1] - The Hong Kong Stock Connect Central Enterprise Dividend ETF Tianhong (159281) has experienced net inflows for two consecutive trading days, indicating strong investor interest [1] - The performance of the dividend sector, including banks, has been strong, with major banks like Agricultural Bank of China showing significant stock price increases [2] Group 2 - The six major state-owned banks reported double growth in revenue and net profit for the first three quarters of the year, with net profits for major banks ranging from 699.94 million to 2,699.08 million, reflecting a year-on-year growth of 0.33% to 3.03% [2] - The banking sector's performance is supported by stable growth in scale, improved net interest income, and a recovery in non-interest income, with asset quality remaining stable [3] - The policy environment is conducive to optimizing bank credit structures and protecting interest margins, which enhances the growth potential for non-interest income [3]