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9月30日 狀態: 新提交 第 1 頁 共 11 頁 v 1.1.1 FF301 | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | --- | --- | --- | --- | --- | --- | --- | | 上月底結存 | | 450,000,000 RMB | | 100 RMB | | 45,000,000,000 | | 增加 / 減少 (-) | | | | RMB | | | | 本月底結存 | | 450,000,000 RMB | | 100 RMB | | 45,000,000,000 | 致：香港交易及結算所有限公司 公司名稱: 交通銀行股份有限公司 呈交日期: 2025年10月2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 ...

Core Insights - The Chinese A-share equity financing market remains active in the first three quarters of 2025, characterized by significant structural differentiation and driven by both policy and innovation [2] - Total fundraising events reached 215, with a total amount of 8540.44 billion yuan, marking a year-on-year increase of 414.42% [5][8] Financing Overview - In the first three quarters of 2025, there were 215 financing events, an increase of 35 events compared to the previous year, with total equity financing amounting to 8540.44 billion yuan [5][8] - The number of IPOs was 76, raising 759.74 billion yuan, a year-on-year increase of 66.67% [5][8] - The number of private placements was 109, raising 7322.62 billion yuan, a year-on-year increase of 670.69% [5][8] - Excluding policy factors, the actual equity financing scale was 3340.44 billion yuan, a year-on-year increase of 101.21% [5][8] Financing Methods Distribution - IPOs accounted for 8.90% of the total fundraising, while private placements dominated with 85.74% [8][11] - Convertible bonds represented 5.36% of the total fundraising [8][11] Industry Distribution of Financing Entities - The banking sector led with a fundraising amount of 5200 billion yuan, followed by public utilities at 488.03 billion yuan and semiconductors at 392.86 billion yuan [12][47] Regional Distribution of Financing Entities - Beijing ranked first in fundraising with 4249.62 billion yuan, followed by Shanghai with 1600.54 billion yuan and Guangdong with 762.82 billion yuan [16][19] IPO Trends - The number of IPOs increased to 76, with a total fundraising of 759.74 billion yuan, a 66.67% increase year-on-year [22][29] - The Shanghai and Shenzhen main boards led in fundraising, accounting for 57.31% of the total [25][28] Top IPOs - The highest fundraising IPO was Huadian New Energy, raising 181.71 billion yuan, followed by Zhongce Rubber and Tianyouwei [36][37] Private Placement Trends - The number of private placements was 109, with a total amount of 7322.62 billion yuan, significantly influenced by the special government bond capital replenishment plan [39][42] - State-owned enterprises dominated private placements, accounting for 86.39% of the total [43][46] Top Underwriters - CITIC Securities led the underwriting amount with 1864.47 billion yuan, followed by Bank of China and Guotai Junan [58][59] - In terms of the number of underwritings, CITIC Securities also ranked first with 48 cases [60][61] Convertible Bonds - The leading underwriter for convertible bonds was Huatai Securities, with an underwriting amount of 98.50 billion yuan [79][80]

Market Overview - The Hang Seng Index (HSI) closed at 26,751.60, down by 103.96 points or 0.39% as of September 30, 16:00 Eastern Time [1] - The index reached a high of 26,811.89 and a low of 26,663.28 during the trading session, with an average price of 26,737.59 [1] - The 52-week high for the index is 26,915.35, while the 52-week low is 18,856.77, indicating a trading range of 0.55% for the day [1] Blue-Chip Stocks Performance - Major blue-chip stocks mostly declined, with HSBC Holdings closing at HKD 110.477, up by 0.98% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 662.66, down by 0.05% compared to the Hong Kong close [2] Individual Stock Movements - Tencent Holdings (00700) saw a price increase of HKD 3.00, or 0.45%, with an ADR price of HKD 662.660, which is a decrease of HKD 0.340 compared to its Hong Kong price [3] - Alibaba Group (09988) increased by HKD 3.60, or 2.08%, with an ADR price of HKD 173.866, down HKD 3.134 from its Hong Kong price [3] - HSBC Holdings (00005) rose by HKD 0.60, or 0.55%, with an ADR price of HKD 110.477, up HKD 1.077 from its Hong Kong price [3] - Other notable movements include Kuaishou (01024) increasing by HKD 5.70, or 7.22%, and BYD Company (01211) rising by HKD 1.60, or 1.47% [3]

（文章来源：证券时报网） 9月30日交通银行大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘折 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 217.80 | 1463.62 | 6.72 | 0.00 | 广发证券股份有限公司深圳高 | 国泰海通证券股份 | | | | | | 新南一道证券营业部 | 有限公司总部 | 证券时报·数据宝统计显示，交通银行今日收盘价为6.72元，下跌1.18%，日换手率为0.71%，成交额为 12.47亿元，全天主力资金净流出1.93亿元，近5日该股累计下跌3.17%，近5日资金合计净流出2.98亿 元。 两融数据显示，该股最新融资余额为18.60亿元，近5日减少3485.23万元，降幅为1.84%。（数据宝） 交通银行9月30日大宗交易平台出现一笔成交，成交量217.80万股，成交金额1463.62万元，大宗交易成 交价为6.72元。该笔交易的买方营业部为广发证券股份有限公司深圳高新南 ...

Group 1 - The core theme of the activities is "Enjoying a New Life in the Silver Age," aimed at enhancing consumption among the elderly and supporting Shanghai's development as an international consumption center [1] - The activities include four major thematic sections that integrate resources and innovate consumption scenarios to improve payment convenience [1] - The Shanghai branch of the Bank of Communications is actively participating in local "Silver Life Festival" events, focusing on key areas of elderly service consumption [2] Group 2 - The bank is implementing additional subsidies on top of national and local policies to stimulate consumption, particularly in the context of upgrading household equipment for middle-aged and elderly families [2] - A new consumer loan product, "Enjoy Loan for Seniors," is being promoted to effectively stimulate demand for equipment updates among older households [2] Group 3 - The bank has launched a promotional campaign called "Cultural and Tourism Extravaganza," offering discounts and exclusive benefits to reduce the consumption barriers for the elderly in cultural and tourism activities [3] - The campaign includes various themed activities on the bank's app, covering a wide range of lifestyle and entertainment options for seniors [3] Group 4 - The bank is focusing on the core life needs of the elderly, including healthcare, food, housing, transportation, travel, and education, while building a 15-minute elderly service ecosystem around its branches [4] - Various promotional activities, such as "Silver Happy Shopping" and discounts at major shopping centers, are designed to encourage regular consumption habits among the elderly [4] Group 5 - The bank has established a volunteer service team to assist the elderly in navigating digital services, aiming to bridge the digital divide and enhance financial security [5] - The bank is committed to creating a multi-dimensional service model that combines consumer credit, scenario services, and digital finance to lower consumption barriers and provide precise services for the elderly [5]

Core Viewpoint - The company emphasizes the importance of technology in national strength and aims to enhance its financial services for technology-driven enterprises, promoting a comprehensive financial service system that aligns with high-level technological self-reliance and national development goals [1] Group 1: Top-Level Design and Governance - The company has revised its articles of association to optimize the strategic committee's role, aligning its governance structure with national strategic deployments [2] - A Technology Finance Committee has been established to enhance organizational structure and create an efficient four-level working mechanism [2] - By June 2025, the company plans to implement action measures focusing on organizational optimization, credit service upgrades, and enhancing collaborative efficiency [2] Group 2: Launching "Jiaoyin Science and Technology Innovation" - The company has introduced the "Jiaoyin Science and Technology Innovation" brand, integrating resources to support technology enterprises throughout their lifecycle [3] - A "4+3" service model has been created, including four major product systems to address financing challenges for technology enterprises [3] - The company has developed a proprietary evaluation model for technology enterprises, which is applied across the organization to enhance marketing and risk management processes [3] Group 3: Differentiated Credit Service System - The company has tailored its "Kechuang Yidai" product line to meet the needs of enterprises at different growth stages, promoting an "active credit" innovation model [4] - By June 2025, the company's technology loan balance is expected to exceed 1.5 trillion yuan, supporting over 63,700 enterprises [4] Group 4: Direct Financing Support - The company leverages its full-license advantages to facilitate direct financing for technology enterprises, collaborating with national-level funds [5] - By June 2025, the total financing scale of the company's technology finance is projected to surpass 1.7 trillion yuan [5] Group 5: Local Implementation and Collaboration - The company is actively promoting the implementation of technology finance at the local level, establishing specialized organizations in branches to enhance service delivery [6] - It has set up nearly 100 technology branches and specialized institutions to focus on key industries such as integrated circuits and artificial intelligence [7] - The company provides cross-border financing services to support technology enterprises' international operations and investments [7]

责任编辑：小浪快报 第1笔成交价格为6.72元，成交217.80万股，成交金额1,463.62万元，溢价率为0.00%，买方营业部为广 发证券股份有限公司深圳高新南一道证券营业部，卖方营业部为国泰海通证券股份有限公司总部。 进一步统计，近3个月内该股累计发生3笔大宗交易，合计成交金额为6882.8万元。该股近5个交易日累 计下跌3.17%，主力资金合计净流出2.79亿元。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 9月30日，交通银行收跌1.18%，收盘价为6.72元，发生1笔大宗交易，合计成交量217.8万股，成交金额 1463.62万元。 ...

| 交易日期 | | 证券代码 | 成交价(元) 成交金额[万元) 成交量( *) 买入营业部 | | | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 025-09-30 | 交通银行 | 601328 | 6.72 1463.62 | 217.8 | 公書員發盤第二 | 用廠港營區發驗 | | 190 | 9月30日，交通银行大宗交易成交217.8万股，成交额1463.62万元，占当日总成交额的1.16%，成交价 6.72元，较市场收盘价6.72元持平。 ...

Group 1: Shareholding Increases - Recently, Nanjing Bank announced that BNP Paribas (QFII) increased its shareholding by 108 million shares, raising its total stake from 16.14% to 17.02% [1] - Since the beginning of the year, Nanjing Bank has seen multiple significant shareholders increase their stakes, with Zijin Trust raising its holding from 12.56% to 13.02% by acquiring 56.78 million shares [3] - Another major shareholder, Nanjing Gaoke, increased its stake from 8.94% to 9.00% by purchasing 7.51 million shares [3] Group 2: Bank Sector Trends - A total of 11 A-share listed banks have seen shareholding increases from shareholders or executives this year, indicating a trend where such plans are often announced when bank stock valuations are at historical lows [5] - The banking sector has been experiencing a "red envelope rain" with 17 banks announcing mid-term dividend plans for 2025, including significant contributions from the six major state-owned banks [6] - The six major state-owned banks have all provided dividend plans, with Industrial and Commercial Bank of China (ICBC) planning to distribute approximately 50.40 billion yuan in cash dividends [7][8] Group 3: Market Sentiment and Future Outlook - The banking sector is viewed favorably by institutions due to its low valuations and stable dividends, leading to increased interest from institutional investors [8] - As of September 29, over 300 investigations into listed banks have been conducted, with more than 2,000 institutional inquiries, highlighting the sector's attractiveness [8] - Analysts predict that the inflow of incremental funds will support the banking sector's performance, driven by the high dividend characteristics and significant index weight of bank stocks [8]

Core Insights - The "14th Five-Year Plan" marks a significant milestone in China's ecological civilization and environmental protection efforts, transitioning from pollution control to comprehensive promotion of a beautiful China [2] - The Ministry of Ecology and Environment reported over 100 projects supported by financial institutions, with a total credit amount of 216.4 billion yuan and loans disbursed amounting to 76.4 billion yuan [2] - Green loans have seen substantial growth, with the balance increasing from 9.9 trillion yuan at the end of 2019 to 36.6 trillion yuan by the end of 2024, averaging an annual growth rate of over 20% [2] Green Finance Development - The six major state-owned banks play a leading role in green finance, with a total green loan balance of 23.8 trillion yuan as of June this year [3] - Industrial and Commercial Bank of China leads with over 6 trillion yuan in green loans, growing at a rate of 16.4% [3] - Agricultural Bank and China Construction Bank also report green loan balances exceeding 5 trillion yuan, with growth rates of 14.6% and 14.88% respectively [3] Policy and Demand Drivers - The rapid growth of green loans is attributed to policy support, demand from enterprises for low-carbon transformation, and increased supply of green financial products [3][7] - The banking sector views green finance as a core growth area, with ongoing innovation in green financial products [5][7] Innovations in Green Financial Products - Banks are actively launching differentiated green financial products, creating a complete ecosystem centered around green credit and green bonds [7] - The issuance and investment in green bonds are becoming significant methods for banks to support green development, with notable participation in the bond market [6][7] Challenges in Carbon Finance - The carbon quota pledge loan business faces challenges, including unclear legal definitions and compliance risks [8] - The lack of standardized carbon accounting and pricing mechanisms hampers banks' ability to assess carbon asset values [8][9] Recommendations for Carbon Market Support - Experts suggest enhancing carbon financial infrastructure, establishing clear legal attributes for carbon assets, and developing standardized carbon financial contracts [9] - Improving carbon emission data quality and establishing a comprehensive carbon data governance system are essential for banks to effectively engage in carbon finance [9]