Core Viewpoint - Asset Management Companies (AMCs) are increasingly active in the Chinese banking equity market, taking on the role of "white knights" to support listed banks through strategic investments and governance participation [1][2][3] Group 1: AMC Activities in Banking - Recent activities include CITIC Financial Asset increasing its stake in Everbright Bank from 7.08% to 8.00% and in Bank of China from 17.32% to 18.02% [2][3] - China Cinda Asset converted 11.785 billion yuan of SPDB convertible bonds into 912 million A-shares, becoming one of the top ten shareholders of SPDB [4] - China Great Wall Asset has nominated executives to serve as non-executive directors at Minsheng Bank, enhancing its governance role [1][4] Group 2: Evolution of AMC's Role - AMCs have transitioned from "bad debt banks" in the 1990s to strategic investors in the banking sector, reflecting a shift from policy-driven missions to market-oriented investments [1][5] - The current strategy of AMCs emphasizes both financial returns and the optimization of financial resource allocation [1][5] Group 3: Market Dynamics and Regulatory Environment - The tightening of shareholder qualification requirements and regulations on related party transactions has created a favorable policy environment for AMCs to enter the banking sector [8] - The average price-to-book ratio of A-share banks has remained low at 0.6, making bank stocks attractive for AMCs seeking stable dividend income [8][9] Group 4: Financial Performance and Strategic Needs - Traditional bad debt disposal business for AMCs is declining, prompting a shift towards bank equity investments for stable income and improved financial reporting [10] - CITIC Financial Asset reported a net profit of 9.618 billion yuan in 2024, a 440% increase from the previous year, highlighting the financial benefits of its investment strategy [10] Group 5: Collaborative Synergies - AMCs are deepening their cooperation with banks by participating in governance and risk management, which enhances the overall stability of the financial system [11] - The involvement of AMCs in bank governance helps to break internal control issues and reduce related party transaction risks [11] Group 6: Challenges and Future Considerations - Long-term success of AMC investments in banks must align with their functional positioning rather than purely commercial interests [12] - Regulatory frameworks need to ensure that AMC participation in banking governance is both effective and transparent [12]

凤凰网财经讯 近日，财富中文网发布了2025年《财富》中国500强排行榜和2025年中国500强最赚钱公司、2025年中国500强亏损公司等多个榜单。 33家银行登上《财富》中国500强 榜单显示，共有43家银行保险机构登上500强排行榜。其中银行共33家，与去年相比增加5家，分别是广州农商行、天津银行、成都农商行、哈尔滨银行 和青岛银行。 保险方面，中国平安今年跻身前十，去年排第13位；友邦排名第22位，太平洋排名第24位，中国人保排名第26位。 此外，江苏银行、北京银行、宁波银行和上海银行等城商行均进入榜单前200强，排名分别为第162位、第172位、第186位和第193位。成都银行排名较上 年上升最多，共提升35名，至324位；杭州银行、微众银行、重庆银行排名均提升超过20个名次，分别排名238位、261位、425位。郑州银行下降8位，卡 线上榜，位列第500位。 另有10家保险机构上榜，中国人寿超越中国平安，位居险企榜首位，总榜单第12位；新华人寿排名则超越中国再保险及阳光保险，位居总榜第129位。同 时，新华人寿也是唯一进入500强亏损榜的银保机构。 新华人寿进入亏损榜 2025年中国500强最赚钱 ...

转自：新华财经 在城市发展的进程中，住房是宜居城市的基石，更是百姓"安居梦"的载体。作为服务地方经济的金融主 力军，中国银行浙江省分行深度融入住房金融市场，以全方位、多层次的金融服务，助力居民实现安居 梦想，推动宜居城市建设迈向新高度。 截至2025年6月末，中国银行浙江省分行个人住房贷款余额2492亿元，新投放贷款216亿元，同比增长 14%，成为当地推动住房金融市场发展的重要力量，为众多家庭实现住房梦提供了有力支持。 强化担当责任，托举百姓"安居梦" 住房问题关乎万千家庭的幸福，是民生福祉的重要基石。中国银行浙江省分行深耕住房金融领域，通过 多元化服务举措与精准化政策落实，全力保障居民住房需求，为"安居梦"筑牢金融后盾。 针对刚需群体，该行切实降低购房门槛，落实好降低首付比例和贷款利率等政策措施，最大程度减轻融 资成本；将借款人年龄上限延长至75周岁，贷款最长期限达30年，同时取消二手房房龄与贷款期限限 制，搭配房产评估、资金托管等一站式服务，让购房过程更便捷安全。 为支持居民改善居住条件，该行精准对接政策红利，针对暂时遇困的借款人，通过按揭重组、续贷等纾 困措施提供分类支持，今年以来已为174个客户优化 ...

Group 1 - The core viewpoint of the news is that the Bank of China has been recognized for its digital inclusive finance management tool, which enhances efficiency, risk control, and customer experience in the financial services sector [1] - The platform focuses on digital management throughout the inclusive finance process, integrating data and applying new technologies for comprehensive monitoring and intelligent operations [1] - The Bank of China aims to deepen its service to key sectors by creating scenario-based financial products that cater to the diverse financing needs of small and micro enterprises [1] Group 2 - The Bank of China is leveraging advanced technologies such as big data and machine learning to build a proactive and intelligent risk management system [2] - The bank emphasizes the importance of digital technology support and is reforming its business operation models to enhance digital operational management capabilities [2] - The Bank of China is committed to continuously innovating service models and optimizing resource allocation to contribute to the high-quality development of inclusive finance [2]

外籍人员来沪，金融服务要靠前。今年以来，中行上海市分行推出一系列便利化支付举措，提升外籍来 华人员支付便利化体验。 在商务部等六部门推出离境退税新政背景下，中行上海市分行依托在离境退税领域深耕近十年的服务经 验和跨境专业优势，通过流程优化、场景拓展、技术突破，全方位推动离境退税服务升级，为入境旅客 提供便捷、高效、智慧的消费体验。针对本届进博会，中行上海市分行将进一步为参展商丰富会前支付 服务场景：依托中银智慧付产品，为国家会展中心（上海）提供参展商搭建智慧收款服务，支持参展商 夜间施工、停车、场馆预定等多场景费用支付；推出第八届进博会观众证费用满减优惠活动，以更优服 务、更高效率、更大力度，帮助全球展客商共襄盛举、共享未来。 今年是中国银行持续服务进博会的第八个年头。作为进博会唯一"战略合作伙伴"，中国银行深度参与进 博会全球招展、境内招商、论坛筹办、供需对接等活动，累计在近80个国家和地区支持举办近百场海外 招展、120余场境内招商路演和8场"进博会走进地方"系列活动；连续七年联合主办官方最大配套活 动"贸易投资对接会"，累计对接企业3万余家，促成合作意向超5000项，累计实现意向合作金额超500亿 美元 ...

Core Insights - CITIC Financial Asset has significantly increased its stake in Everbright Bank, raising its shareholding from 7.08% to 8.00% through the acquisition of 0.92% of shares, amounting to approximately 2.225 billion RMB [2][4] - The investment plan announced in November aims to optimize investment strategies with a total investment scale not exceeding 50.3 billion RMB, including up to 26 billion RMB for Bank of China and 4 billion RMB for Everbright Bank [3] - The trend of asset management companies (AMCs) increasing their stakes in national banks while reducing their holdings in local banks reflects a strategic resource reallocation based on market conditions [2][6] CITIC Financial Asset's Investment Strategy - CITIC Financial Asset, established in 1999, aims to maximize shareholder value through a comprehensive investment strategy that includes increasing stakes in banks [3] - The company has been actively expanding its investment scale, with a new asset management plan of up to 60 billion RMB launched in February 2024, investing in various companies [5] - The growth in equity investment has been a major driver of profit, with a reported net profit of 9.618 billion RMB in 2024, a 5.4-fold increase from 2023 [5] Market Trends and AMC Activities - Several AMCs have been increasing their stakes in national banks, with notable examples including Changcheng Asset acquiring over 3% of Minsheng Bank and China Cinda converting its holdings in Pudong Development Bank [6][7] - The overall trend shows that while AMCs are increasing their investments in national banks, they are divesting from local banks, aligning with regulatory guidance to focus on core business areas [7][8] - The banking sector has seen a strong performance, with many listed banks achieving significant stock price increases, indicating a favorable market environment for investments in national banks [6][7]

Group 1 - The A-share private placement market has significantly rebounded this year, with 74 listed companies completing private placement projects and raising a total of 659 billion yuan, far exceeding the same period last year [1] - Among the 74 companies, 38 raised over 1 billion yuan, accounting for 51% of the total [1] - Key industries involved in private placements include capital goods, technology hardware and equipment, automotive, and banking [1] Group 2 - Major banks such as Bank of China, Postal Savings Bank of China, Bank of Communications, and China Construction Bank have led in private placement scale, collectively raising 520 billion yuan [1] - The funds raised by these banks are primarily used to increase core tier one capital, driven by the need for capital support in business expansion and risk management [1] - The active participation of banks in private placements indicates a strengthening support of the capital market for the real economy [1] Group 3 - There are numerous cases of listed companies using private placements for asset acquisitions, such as AVIC Chengfei's private placement of approximately 20.86 million shares, raising 17.44 billion yuan for acquiring 100% equity of AVIC Chengfei [1] - Another example is Seres Group, which raised approximately 8.16 billion yuan through private placement for purchasing a super factory in Chongqing and supplementing operational funds [1] Group 4 - In 2024, 132 listed companies completed private placements, raising a total of 206.65 billion yuan, indicating that the total amount raised this year has far exceeded the entire amount raised last year [2] - The recovery of the private placement market is believed to be related to policy support and the urgent need for funding to support R&D and capacity expansion amid industrial upgrades [2] - The market's ample liquidity has created a favorable funding environment for private placements, with a trend of larger financing projects and more flexible pricing observed this year [2]

本报记者 杨洁 AMC与商业银行基于股权纽带建立更紧密的战略互信与合作关系具有多重意义。田利辉表示，对商业 银行而言，可补充银行核心一级资本，并提振市场信心；对AMC而言，除股息外，还可通过股价上涨 获取资本利得，兼顾风险分散与收益优化。 借道可转债增持银行股 又见上市银行获资产管理公司（AMC）增持。7月23日晚间，光大银行发布公告称，其股东中国中信金 融资产管理股份有限公司（以下简称"中信金融资产"）增持该行股份，持股比例增加至8%。 近期，AMC多次"加码"银行股。受访专家认为，AMC作为大型金融机构，其增持行为通常被视为对银 行股价值的认可，有助于提振市场信心，为银行股股价提供支撑。同时，AMC通过增持持有商业银行 股权，可以基于股权纽带形成较强的战略协同效应，更好地推进资源共享、优势互补，实现双赢。 增持背后有三大原因 光大银行公告显示，中信金融资产于2025年1月20日至2025年7月22日期间，增持该行A股股份 263619600股（2.636亿股），H股股份279112000股（2.791亿股），合计占该行总股本的0.92%。中信金 融资产持股比例由7.08%增至8.00%。 此前，中国银行7 ...

本期债券发行规模为 300 亿元人民币，前 5 年票面利率为 1.97%， 每 5 年调整一次，在第 5 年及之后的每个付息日附发行人赎回权。 本期债券募集的资金将依据适用法律和监管部门的批准，补充本行 的其他一级资本。 特此公告 证券代码：601988 证券简称：中国银行 公告编号：临 2025-058 中国银行股份有限公司 关于减记型无固定期限资本债券发行完毕的公告 中国银行股份有限公司董事会及全体董事保证本公告内容不存在任何虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 中国银行股份有限公司（简称"本行"）于 2023 年 6 月 30 日召开 的股东大会审议批准了本行发行不超过 4,500 亿元人民币或等值外币资 本工具的议案。经相关监管机构批准，本行于 2025 年 7 月 22 日在全国 银行间债券市场发行减记型无固定期限资本债券（简称"本期债券"）， 并于 2025 年 7 月 24 日发行完毕。 中国银行股份有限公司董事会 二〇二五年七月二十四日 ...

项目对审批速度要求较高。淄博中行上下协同联动，深入走访调研，综合分析评估，深度参与并牵头组 建银团，凭借高效的审批机制和专业优质的服务，率先完成贷款批复，最终以6.35亿元的授信额度，成 为项目份额占比最高的牵头行。截至6月末，银团已累计投放1.32亿元，为项目按计划推进提供了强有 力的金融支撑。淄博中行紧密关注项目进展，严格按照工程进度和用款需求提供持续、稳定的信贷支 持，牢牢托住民生工程建设的金融底，助力淄博建设宜业宜居的现代化城市。 从老旧厂区到宜居新城，从脏乱市场到品质空间，山东中行注入的金融动能，正让人民城市理念在齐鲁 大地落地生根，为民生幸福写下生动注脚。 完善城市功能，惠及民生福祉 威海市文登区西部城区地下管网改建项目是文登区"3-5年基础设施提升计划"的核心工程，是当地重要 民生工程与发展引擎。项目总投资超6.67亿元，将铺设供水、雨水、污水等多类管网，全面升级区域基 础设施。 中央城市工作会议明确，推进城市更新是当前和今后一个时期城市工作的重要抓手。城市建设要以人民 为中心，着力解决城市病，提升城市的功能与品质，而城市更新背后离不开金融的助力与支持。中国银 行山东省分行（以下简称"山东中行" ...