智通财经APP获悉，联交所最新资料显示，2月4日，小摩增持重庆农村商业银行(03618)394.2838万股， 每股作价5.803港元，总金额约为2288.03万港元。增持后最新持股数目约为2.04亿股，最新持股比例为 8.11%。 ...

联交所最新资料显示，2月4日，小摩增持重庆农村商业银行(03618)394.2838万股，每股作价5.803港 元，总金额约为2288.03万港元。增持后最新持股数目约为2.04亿股，最新持股比例为8.11%。 ...

报告指，内银1月的贷款强劲增长，主要由企业贷款驱动。净息差压力预计将于2026年有所缓解，预期 银行业2026财年营收增长将较2025财年略有改善，主要得益于净息差趋稳及手续费收入强劲。随着中国 十年期国债孳息率见顶，股息率与十年期国债孳息率利差将扩大，进而吸引南资金中寻求收益的投资 者。该行首选中国银行（601988）(03988)与宁波银行（002142）(002142.SZ)。 花旗发布研报称，预期内银2025年第四季营收同比增2.1%，主要受惠于稳健的手续费收入与趋稳的净 息差，部分抵销贷款增速放缓的影响。在资产质量稳定的背景下，该行预期内银将释放拨备以支持盈利 增长。在一众内银中，花旗预期重庆农村商业银行(03618)第四季业绩将优于预期，光大银行(06818)与 常熟银行（601128）(601128.SH)表现逊预期。 ...

花旗发表研报指，将重庆农村商业银行纳入90日正面催化剂观察名单，相信其即将公布的2025年第四季 度业绩(料3月25日公布)很可能胜市场预测。该行预计银行季内盈利将实现年增16%(意味着去年全年盈 利增长5%，比市场共识预测高约1%)，原因是贷款增长强劲及净息差稳固所支持。另外，花旗预计重农 行今年营收、盈利增长将加速至年增5%、10%，主要由企业贷款增长强劲；净息差稳定；银行保险更 强、财富管理及贵金属相关手续费收入，有关收入预计按年倍增等因素带动。花旗予重庆农村商业银行 目标价7.53港元，维持"买入"评级。 ...

近日，运营商财经网独家打造了"2025年度金融行业杰出高管榜"系列榜单，涵盖了城商行、农商行、证 券、基金等多个细分领域。目前，经过多方考量，"2025年度农商行十大杰出董事长"已经确定并正式揭 晓。 | 银行机构 | 董事长 | 序号 | | --- | --- | --- | | 1 | 刘小军 | 重庆农商银行 | | 2 | 上海农商银行 | 徐力 | | 3 | 广州农商银行 | 蔡桂 | | 4 | 成都农商银行 | 三明 | | 5 | 深圳农商银行 | 李光安 | | 东莞农商银行 | 6 3 | 卢国锋 | | 7 | 江南农商银行 | 廚一張 | | 杭州联合银行 | 8 | 林时益 | | 9 | 顺德农商银行 | 李宜心 | | 10 | 天津农商银行 | | | 注:依据企业收入、利润等业绩、个人知名度等,排名不分先后 | < 运营商财经网编辑整理 > | | | A == = | | | 具体来看，被评为"2025年度农商行十大杰出董事长"的有： 重庆农商银行董事长刘小军 上海农商银行董事长徐力 广州农商银行董事长蔡建 成都农商银行董事长王晖 运营商财经网讯 东莞农商银行董事长卢国 ...

截至去年9月末，重庆农商行资产总额 1.66万亿元，较上年末增长9.3%；存款规模突破 1万亿元，成为 重庆首家存款过万亿的银行；营业收入 216.58亿元，同比增长0.67%；归母净利润 106.94亿元，同比增 长3.74%。 运营商财经网讯 运营商财经网副总经理康锐表示，上述成绩的取得，与刘小军等一众高管的努力密不可分！ 日前，备受关注的"2025年度农商行十大杰出董事长"名单正式揭晓。该榜单由知名财经、科技、汽车资 讯网站运营商财经网倾力打造，完全依据各大银行机构上一年的收入、利润等业绩、董事长成就贡献等 百度资讯指数等进行编排整理。其中，重庆农商银行董事长刘小军成功上榜。 运营商财经（官方微信公众号yyscjrd）—— 主流财经网站，一家全面覆盖科技、金融、证券、汽车、 房产、食品、医药、日化、酒业及其他各种消费品网站。 作为全国首家"A+H"股上市农商行、西部首家"A+H"股上市银行，去年，重庆农商行呈现出"稳中有 进、质效兼优"的发展态势。 ...

[Table_Page] 跟踪分析|银行 证券研究报告 [Table_Title] 跨境流动性跟踪 20260208 贸易回流比率再度回正，服务逆差大幅收窄 [Table_Summary] 核心观点： [Table_PicQuote] 相对市场表现 -10% -3% 4% 10% 17% 24% 02/25 04/25 07/25 09/25 11/25 02/26 银行 沪深300 | [分析师： Table_Author]倪军 | | --- | | SAC 执证号：S0260518020004 | | 021-38003646 | | nijun@gf.com.cn | | 分析师： 林虎 | | SAC 执证号：S0260525040004 | | SFC CE No. BWK411 | | 021-38003643 | | gflinhu@gf.com.cn | | 请注意，倪军并非香港证券及期货事务监察委员会的注册 | 跟踪分析|银行 重点公司估值和财务分析表 | DocReport] [Table_ 相关研究： | | | --- | --- | | 银行行业:春节临近大行收票 | 2026-0 ...

1月31日，重庆农商行倾力打造的"渝快荟消费节"园博园特色街区与2026年重庆市新春灯会——"禧欢 霓"园博园大型水上灯会同步开幕，其独创的"场景圈动"战略既拉动节庆消费，又让消费者得到更多实 惠。 据悉，"渝快荟消费节"是重庆农商行整合全域资源打造的银商协同品牌活动，其以"金融搭台、商户唱 戏、百姓受益"为核心，联动灯会内全场渝快荟合作商户，构建覆盖餐饮、零售、文创、体验等多元场 景的消费生态圈。这些商户中既有"重庆老字号"，也有特色文创与网红店铺，此次借助消费节平台进一 步拓宽销路、提升品牌影响力。 "这次消费节是重庆农商行'场景圈动'战略在文旅领域的又一次深度实践。"该行相关负责人表示，通过 将"渝快荟"与重庆市新春灯会这一城市级文旅IP深度融合，不仅为市民游客提供了更丰富的节庆消费选 择，更打通了"金融+文旅+消费"的服务链条，形成"银行赋能商户、商户让利消费者、消费激活市场"的 互利共赢场景生态圈。 数据显示，活动开始仅2天时间，参与"渝快荟消费节"园博园特色街区的市民游客1万余人，拉动消费近 20万元。 记者了解到，重庆农商行"渝快荟消费节"在2026年重庆市新春灯会登场既是该行践行"金融为民"宗 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [4] Core Insights - Bank stocks have outperformed the market, with the banking index rising by 1.70% while the CSI 300 index fell by 1.33%, indicating a shift in market sentiment towards underperforming sectors [1] - Quality city commercial banks have shown superior performance, with city commercial banks increasing by 3.27% compared to state-owned banks at 0.35% and joint-stock banks at 1.84% [1] - The banking sector is expected to enter a growth cycle in 2026, with projected revenue and net profit growth rates of 2.8% and 2.6% respectively, indicating a gradual recovery [3] - The opportunity cost of investing in bank stocks remains low, with a 10-year government bond yield at 1.80% and bank stock dividends around 4.4%, providing a 2.6 percentage point premium [3] - The report emphasizes the importance of new growth drivers, particularly recommending Nanjing Bank for its strong management and market position [3] Summary by Sections Industry Performance - The banking sector ranked sixth among 31 primary industries, with a weekly increase of 1.70% [1] - The performance of various bank types showed that city commercial banks had the highest weekly increase at 3.27% [1] Individual Bank Events - Qilu Bank reported a 5.1% year-on-year increase in revenue and a 14.6% increase in net profit, aligning with market expectations [2] - Ningbo Bank's executive appointment was approved, indicating stability in management [2] Investment Outlook - The report maintains a positive outlook for bank stocks in 2026, suggesting a rebalancing of market styles and a favorable environment for bank valuations [3] - Recommendations include major state-owned banks and a focus on mid-sized banks with new growth potential, particularly Nanjing Bank, Shanghai Bank, and others [4][6]

Investment Rating - The industry investment rating is maintained at "Overweight" [2] Core Insights - The report anticipates new RMB loans in January to be between 5.1 to 5.25 trillion yuan, with a corresponding loan growth rate declining to approximately 6.3% [4][6] - The expected new social financing scale for January is projected to be between 7.41 to 7.57 trillion yuan, maintaining a stock growth rate of around 8.3% [21][25] - The report highlights a strong performance in corporate activities, with expectations for increased credit supply due to a favorable lending environment and government policies [8][28] Summary by Sections 1. RMB Loans - New RMB loans are expected to be between 5.1 to 5.25 trillion yuan, with a growth rate declining to around 6.3% [4][6] - The monthly increase is projected to vary between a decrease of 300 million to an increase of 1.2 billion yuan [8] 2. Social Financing - The anticipated new social financing scale for January is between 7.41 to 7.57 trillion yuan, with a stock growth rate around 8.3% [21][25] - The report notes that the net financing scale of local government bonds and corporate credit bonds is expected to be 1.181 trillion yuan and 490.3 billion yuan respectively [25] 3. Liquidity - M1 and M2 growth rates are expected to rise due to a low base effect, with M1 projected at 4.0% and M2 at 8.7% [26] - The report indicates that the increase in government and credit bonds' net financing will impact market liquidity [26] 4. Investment Recommendations - The report suggests a shift in bank stock investment logic from "pro-cyclical" to "weak-cyclical," emphasizing the attractiveness of high-dividend bank stocks during economic stagnation [28] - Two main investment lines are recommended: regional banks with strong certainty and large banks with high dividends [28]