Monetary Policy Operations - The People's Bank of China conducted a 7-day reverse repurchase operation amounting to 181.7 billion yuan at an interest rate of 1.40%, unchanged from previous operations [1] - The overnight and 7-day Shanghai Interbank Offered Rate (Shibor) slightly decreased, while the 14-day Shibor fell by over 10 basis points [1][2] Shibor Rates - As of September 28, the overnight Shibor decreased by 0.70 basis points to 1.3140%, the 7-day Shibor fell by 0.40 basis points to 1.4970%, and the 14-day Shibor dropped by 10.90 basis points to 1.5370% [2] Interbank Repo Market - In the interbank pledged repo market, the 7-day rates increased while the 14-day rates significantly decreased. The weighted average rates for DR001 and R001 fell by 0.6 basis points and 1.2 basis points, respectively, while DR007 and R007 rates rose by 2.4 basis points and 8.4 basis points [4] Market Conditions - On September 28, due to a holiday adjustment, most non-bank institutions were absent, leading to a relaxed funding environment. Overnight repo rates were around 1.45%, while rates for credit and certificates of deposit were between 1.90% and 1.95% [8] - A total of 44 interbank certificates of deposit were issued, with an actual issuance volume of 107.74 billion yuan [8] Secondary Market Activity - Trading sentiment in the secondary market was relatively quiet due to the holiday adjustment, with prices remaining stable compared to the previous trading day. The 1-month national bank stock ended at 1.66%, unchanged from the previous day [9]

Core Viewpoint - The article emphasizes the importance of financial education for consumers, particularly targeting students, to enhance their financial literacy and protect their financial rights, aligning with the theme "Protecting Financial Rights, Supporting a Better Life" during the 2025 Financial Education Promotion Week [1]. Group 1: Financial Education Activities - China Merchants Bank's Beijing branch is conducting various financial education activities across campuses, focusing on student consumer groups to improve their financial risk prevention capabilities [1]. - On September 16, a financial anti-fraud seminar was held at Shougang Institute of Technology, attended by over 900 freshmen, where bank staff actively engaged with students [2]. - The activities are designed to address financial risks throughout the student lifecycle, covering key scenarios such as "school, life, friendships, internships, and employment" [4]. Group 2: Key Topics Covered - The seminars dissect various financial traps that students may encounter, including "campus loans," "order brushing scams," "fake customer service," "job-seeking traps," and "personal information leakage," while providing practical financial defense strategies [4]. - At Beijing University of Science and Technology, a financial knowledge seminar was conducted for over 400 participants, utilizing a "case + scenario + mnemonic" approach to illustrate the dangers of illegal campus loans [6]. - The event at Beijing No. 80 Middle School involved collaboration with local police to educate over 100 students on avoiding false advertising and illegal financial activities, emphasizing the importance of a rational money and consumption perspective [8]. Group 3: Future Initiatives - China Merchants Bank's Beijing branch plans to continue promoting financial education as a regular focus, aiming to strengthen the public's financial literacy and contribute to the political and social responsibilities of financial work [8].

21世纪经济报道记者 黄子潇 深圳报道 中高端信用卡，或将成为银行财富管理的一个切入点。 记者注意到，在到任首月，曹慰就以平安银行信用卡中心总裁（待核准）的身份会见了国际信用卡组织。 8月，Visa全球高级副总裁兼大中华区总裁于雪莉一行来访平安银行，平安银行行长助理王军、平安银行信用卡中心总裁（待核准）曹慰出席会见。今年上 半年，王军从深圳分行行长一职调任至总行行长助理，并分管零售业务；曹慰的此次出席也是其到任消息首次经官方证实。 此次会见透露出多个最新战略。王军表示，平安集团拥有庞大的客户资源，其中包括大量财富客群，存在着巨大的拓展空间。平安银行未来将逐步探索更加 完善的财富管理体系，以信用卡为突破口，通过差异化的产品与服务吸引财富客群，打造中高端市场的口碑和优势。 平安银行高管会见VISA高管 图源/平安银行 平安银行信用卡迎来一位深耕信用卡多年的人士。近日，深圳金融监管局批复信息显示，曹慰获准出任平安银行信用卡中心总经理。 曹慰在信用卡及零售金融领域深耕多年。据公开可查履历显示，2014年时，曹慰以招商银行信用卡中心市场企划部副总经理的身份出席活动；2018年前后， 出任招商银行总行零售金融总部总经理助 ...

Core Viewpoint - The Zhejiang Regulatory Bureau of the National Financial Supervision Administration has issued an administrative penalty against China Merchants Bank Co., Ltd. Hangzhou Branch for violations related to loan management practices [1][2]. Group 1: Violations - The main violations identified include inadequate "three checks" for working capital loans and fixed asset loans [1][2]. - Specific individuals held responsible for these violations include Wu Ying, Gu Tianyu, Pan Qixia, Pan Chaoting, Jiang Ling, Lu Yingying, and Yu Xinyu [1]. Group 2: Penalties - China Merchants Bank Co., Ltd. Hangzhou Branch has been fined 3 million yuan for the identified violations [1][2]. - The individuals responsible received warnings as part of the administrative penalties [1][2].

Group 1 - The top ten taxpayers in Shenzhen for 2024 include Tencent (59.2 billion), China Resources (44.4 billion), China Merchants Bank (32 billion), Ping An Group (27.3 billion), BYD (22.8 billion), Vanke (19.9 billion), Huawei (15 billion), Shenzhen Investment Control (5.8 billion), SF Express (4.1 billion), and Industrial Fulian (3.4 billion) [1] - Among the top ten taxpayers, private enterprises account for 70%, while state-owned enterprises only represent three [3][4] - The ranking may only reflect the tax contributions of these companies within Shenzhen, not their nationwide contributions, as companies like Huawei and BYD have multiple research and production bases across the country [4] Group 2 - Shenzhen's private economy contributes over 50% of the city's tax revenue, nearly 60% of its added value, and over 90% of employment [6] - In 2024, the number of private enterprises in Shenzhen reached 2.623 million, ranking first in the country [6] - Shenzhen has 886 private "little giant" enterprises and 23,700 private high-tech enterprises, ranking first and second nationally, respectively [6] - The city is home to 37 private unicorn companies, ranking third in the country [6] - In the 2025 Fortune Global 500 list, Shenzhen has ten companies listed, with seven being private enterprises, the highest among all cities in China [6] - Private enterprises are also the main force in Shenzhen's foreign trade, with imports and exports reaching 2.06 trillion in the first eight months of the year, accounting for 69.6% [6]

Core Viewpoint - In the first half of 2025, China Merchants Bank (CMB) faced multiple operational challenges but managed to maintain a steady expansion pace, with significant advantages in retail finance and enhanced core capabilities in wealth management, fintech, and risk management. The bank's operating income showed a positive trend quarter by quarter, with profit growth turning from negative to positive [1][2]. Financial Performance - CMB reported operating income of 169.97 billion yuan in the first half of 2025, a year-on-year decrease of 1.72%, with the decline narrowing in the second quarter to 0.3% [1][2]. - The net profit attributable to shareholders increased by 0.25% year-on-year to 74.93 billion yuan, marking a turnaround from negative growth [1][2]. - The annualized weighted average ROE was 13.85%, down 1.59 percentage points year-on-year [1]. Asset and Liability Management - CMB's net interest income grew by 1.57% year-on-year to 106.09 billion yuan, with a net interest margin of 1.88%, down 3 basis points from the previous quarter [1][2]. - The bank's total assets reached 12.66 trillion yuan, with loans totaling 7.12 trillion yuan and deposits at 9.42 trillion yuan, reflecting growth rates of 4.2%, 3.3%, and 3.6% respectively [2]. Wealth Management and Non-Interest Income - Non-interest income decreased by 6.73% year-on-year, but the decline was less severe compared to previous periods, with intermediary business income down by 1.89% [1][2]. - Retail assets under management (AUM) reached 16.03 trillion yuan, up 7.39% from the beginning of the year, with the number of retail customers increasing to 216 million [2]. Asset Quality - CMB maintained a stable asset quality with a non-performing loan (NPL) ratio of 0.93%, down 1 basis point from the previous quarter [1][2]. - The bank's provision coverage ratio stood at 410.9%, ensuring a solid safety net for asset quality [2]. Strategic Initiatives - CMB is advancing its "Four Transformations" strategy, focusing on internationalization, comprehensive services, differentiation, and digital intelligence [3]. - The bank's retail financial business contributed over 55% to its revenue and profit, with significant growth in pension fund management and technology-driven services [3].

当信用卡行业进入存量甚至"减量"阶段，用户精细化运营终于来到信用卡透支利率标准方面。 近日，多家银行对信用卡透支利率标准进行调整， 打破0.05%的透支利率标准。 光大银行近 期发布的公告显示，该行将信用卡透支利率收取标准由"日利率万分之三点五至万分之五（年 利 率 12.7750%-18.2500% ） " 调 整 为 " 日 利 率 0%-0.05% ， 按 照 单 利 算 法 近 似 折 算 年 利 率 为 0%-18.25%"。这一优化调整将于9月29日起正式生效。 | G 2 % 发布时间:2025年08月14日 T | At | | --- | --- | | 尊敬的光大信用卡客户: | | | 感谢您对光大银行信用卡的支持和信任,为了更好地向您提供优质的服务，我行拟对透支利率收取标准进行优化调 | | | 整,具体如下: | | | 一、调整内容 | | | 信用卡透支利率收取标准由"日利率万分之三点五至万分之五（年利率12.7750%-18.2500%）"调整为"日利率 | | | 0%-0.05%，按照单利算法近似折算年利率为0%-18.25%"。我行将根据持卡人的资信状况、用卡情况等动态调 ...

Group 1 - The core viewpoint of the news is the performance and characteristics of the Guangfa CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520900), which has seen a decrease in both share count and scale in 2024 [1][2] - As of September 25, 2024, the ETF had a total of 1.651 billion yuan in assets and 1.642 billion shares, reflecting a year-to-date decrease of 34.46% in shares and 28.86% in scale compared to December 31, 2024 [1] - The ETF's management fee is 0.50% annually, and the custody fee is 0.10% annually, with its performance benchmark being the yield of the CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index [1] Group 2 - The current fund managers are Huo Huaming and Lü Xin, with Huo managing since June 26, 2024, achieving a return of 2.09%, while Lü has managed since April 30, 2025, with a return of 14.85% [2] - The ETF's top holdings include China Mobile, China Petroleum, COSCO Shipping, CNOOC, China Shenhua, Sinopec, China Telecom, China Unicom, China Merchants Bank, and China Coal Energy, with respective holding percentages [2][3] Group 3 - The largest holding is China Mobile at 10.90%, followed by China Petroleum at 10.62%, and COSCO Shipping at 9.72%, with their respective market values being 212 million yuan, 206 million yuan, and 189 million yuan [3] - Other significant holdings include CNOOC (9.09%), China Shenhua (8.14%), Sinopec (7.71%), China Telecom (4.89%), China Unicom (3.71%), China Merchants Bank (2.64%), and China Coal Energy (2.59%) [3]

Group 1 - The article highlights the top three and bottom three AH premium rates for various stocks, with Northeast Electric (00042) leading at a premium rate of 900.00% [1] - The top three stocks with the highest deviation values are Northeast Electric (00042) at 102.08%, Changfei Optical Fiber (06869) at 43.54%, and Zhejiang Shibao (01057) at 31.64% [1] - The bottom three stocks with the lowest deviation values include Qin Port Co. (03369) at -23.64%, Longyuan Power (00916) at -15.36%, and Goldwind Technology (02208) at -14.92% [1] Group 2 - The top ten AH stocks by premium rate include Northeast Electric (00042), Hongye Futures (03678), and Zhejiang Shibao (01057) [1] - The bottom ten AH stocks by premium rate include Ningde Times (03750) with a premium rate of -14.11%, followed by Hengrui Medicine (01276) at -0.86% [1] - The article provides detailed tables showing the premium rates and deviation values for both top and bottom AH stocks, indicating significant disparities in market valuation [1][2]

2025年9月25日，招商银行（600036）发布公告称，根据《国务院办公厅关于2025年部分节假日安排的 通知》要求，现将国庆中秋假期期间招商银行个人"境外汇款"业务安排通告如下。 如有疑问，欢迎致电招商银行客户服务热线咨询。 2025年10月1日至2025年10月8日假期期间，招商银行电子渠道、柜面渠道（因节假日停业的网点除外） 可受理个人"境外汇款"申请，资金将于节后第一个工作日开始处理（特殊情形除外），审核无误后汇出 招商银行。受境内外假期影响，临近假期提交的相关业务可能会延迟至节后处理，请您提前做好资金安 排，由此给您带来不便，敬请谅解。 ...