Group 1: Core Insights - The current bottom line for the net interest margin (NIM) of major banks is approximately 1.2% to 1.3%, indicating limited room for further significant declines [1][6][84] - Maintaining a reasonable level of NIM is essential for economic growth and financial stability, as it relates to capital balance, breakeven points, and risk pricing mechanisms [6][20][21] Group 2: NIM Bottom Line Calculation - The projected nominal GDP growth during the "14th Five-Year Plan" period is estimated to be between 6.0% and 6.9%, which necessitates an M2 growth rate of about 7.0% to 8.0% [1][23][28] - The bottom line for NIM is calculated based on a required return on equity (ROE) of 7% to 8%, leading to a NIM bottom line of approximately 1.2% to 1.3% [36][84] Group 3: 2026 NIM Projections - If the Loan Prime Rate (LPR) decreases by 10 basis points (bps) and deposit rates remain unchanged, the NIM is expected to decline by approximately 5 to 8 bps in 2026 [2][85] - Without considering further interest rate cuts, the model predicts a decrease in loan rates by about 24 bps and deposit rates by 14 to 17 bps, resulting in a net interest margin contraction of about 2 to 5 bps [2][39][59] Group 4: Monetary Policy Outlook for 2026 - The monetary policy for 2026 is expected to be characterized by a "reasonable and ample" approach, with a likely LPR decrease of 10 bps and a reserve requirement ratio (RRR) cut of 50 bps [3][86] - The central bank's strategy will focus on balancing short-term and long-term goals, supporting economic growth while maintaining the health of the banking system [60][61] Group 5: Economic Recovery and Regulatory Impact - Economic recovery may not meet expectations, and regulatory changes could temporarily impact the banking sector's fundamentals [4][80] - The banking sector is under strong regulatory oversight, and any adverse policies could affect short-term valuations [80]

出售事项完成后，本集团不再持有中国银行股份。 杭品生活科技(01682)发布公告，于2025年12月5日，出售方中港保险经纪集团，为本公司的间接全资附 属公司，在公开市场上以总代价约339万港元(不包括交易成本)，按每股中国银行(03988)股份约4.52港 元的平均价格出售合共75万股中国银行股份。 ...

Core Insights - The 2025 Shenzhen Global Investment Conference was held on December 5, attracting over 1,000 enterprises and institutions from more than 30 countries, resulting in over 340 signed projects with an investment amount exceeding 770 billion yuan [1] - The Bank of China Shenzhen Branch has been the only financial institution to participate deeply in the conference for six consecutive years, providing comprehensive financial support and becoming a key financial infrastructure provider in the investment attraction ecosystem [3] Group 1: Financial Support and Ecosystem - The Bank of China Shenzhen Branch has shifted from traditional post-project involvement to embedding itself in the front-end of investment attraction, leveraging its global service network covering 64 countries to facilitate resource gathering [5] - The bank has organized investment exchange meetings with overseas institutions in eight countries and actively supported Shenzhen's government in investment attraction activities across more than ten countries, enhancing the connection between global capital and Shenzhen projects [6] Group 2: Integrated Service Model - Since 2020, the Bank of China Shenzhen Branch has provided credit support to over 186 key investment enterprises in Shenzhen, transitioning to an integrated "commercial bank + investment bank" service model [6] - The bank offers comprehensive financial solutions throughout the project lifecycle, supporting the development of Shenzhen's "20+8" industrial clusters and focusing on emerging sectors like artificial intelligence and digital economy [6] Group 3: Multilingual Services and Competitive Environment - To ensure the high-quality hosting of the conference, the Bank of China Shenzhen Branch has formed a professional and international volunteer team for six consecutive years, providing multilingual services in English, French, German, Spanish, and Korean [7] - This continuous service reflects the deep integration of finance with urban development strategies, contributing to Shenzhen's goal of becoming a global benchmark city [9] Group 4: Future Outlook - The Bank of China Shenzhen Branch aims to continue leveraging its integrated service model as a powerful engine to build bridges between finance, industry, and investment, facilitating more domestic and international enterprises to settle and invest in Shenzhen [9]

格隆汇12月5日丨杭品生活科技(01682.HK)公告，于2025年12月5日，出售方中港保险经纪集团有限公 司，为公司之间接全资附属公司，在公开市场上以总代价约339万港元(不包括交易成本)，按每股中国 银行股份约4.52港元之平均价格出售合共75万股中国银行股份。出售事项完成后，集团不再持有中国银 行股份。 ...

格隆汇12月5日丨杭品生活科技(01682.HK)公告，于2025年12月5日，出售方中港保险经纪集团有限公 司，为公司之间接全资附属公司，在公开市场上以总代价约339万港元(不包括交易成本)，按每股中国 银行股份约4.52港元之平均价格出售合共75万股中国银行股份。出售事项完成后，集团不再持有中国银 行股份。 ...

出售事项完成后，本集团不再持有中国银行股份。 智通财经APP讯，杭品生活科技(01682)发布公告，于2025年12月5日，出售方中港保险经纪集团，为本 公司的间接全资附属公司，在公开市场上以总代价约339万港元(不包括交易成本)，按每股中国银行 (03988)股份约4.52港元的平均价格出售合共75万股中国银行股份。 ...

Group 1 - The core announcement is the election of Cai Zhao as an executive director of the Bank of China, effective from December 3, 2025, with a term of three years [1] - Cai Zhao will also serve on the Strategic Development Committee and the Risk Policy Committee of the Bank of China [1] - The appointment of Liu Chenggang as the Secretary of the Board and Company Secretary has been approved, effective from December 3, 2025 [1] Group 2 - Liu Chenggang has been serving as the Vice President of the Bank of China since October 2025 and will now also take on the roles of Secretary of the Board and Company Secretary [1] - The approval for both Cai Zhao and Liu Chenggang's qualifications has been granted by the National Financial Regulatory Administration [1]

Group 1 - The core point of the article is the appointment of Liu Chenggang as the Secretary of the Board and Company Secretary of Bank of China, effective from December 3, 2025, following the approval from the National Financial Regulatory Administration [1] - Liu Chenggang, born in 1972, joined Bank of China in 1994 and has served as the Vice President since October 2025, also holding the position of President of the Shanghai Renminbi Trading Business Headquarters [1] - The announcement follows the resignation of Zhuo Chengwen, who stepped down from the roles of Secretary of the Board and Company Secretary due to job changes, effective October 30 [1]

Core Viewpoint - The announcement details the election of Mr. Cai Zhao as an executive director of Bank of China, effective December 3, 2025, following approval from the National Financial Regulatory Administration [1] Group 1 - Mr. Cai Zhao has been elected as an executive director at Bank of China during the third extraordinary shareholders' meeting on October 16, 2025 [1] - The approval for Mr. Cai Zhao's directorship qualification has been granted by the National Financial Regulatory Administration [1] - Mr. Cai Zhao's term as an executive director will last for three years [1] Group 2 - In addition to his role as an executive director, Mr. Cai Zhao will also serve as a member of the Strategic Development Committee and the Risk Policy Committee [1]

董事長 葛海蛟 副董事長 張輝 執行董事 劉進 董事名單與其角色和職能 中國銀行股份有限公司董事會（「董事會」）成員載列如下： 張勇 黃秉華 劉輝 師永彥 樓小惠 李子民 蔡釗 非執行董事 獨立非執行董事 讓•路易•埃克拉 喬瓦尼•特里亞 劉曉蕾 張然 高美懿 胡展雲 1 董事會設立6個委員會。下表提供各董事會成員在這些委員會中所擔任的職位： | | 委員會 | | 可持續發展 與消費者 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 戰略發展 | 權益保護 | | 風險政策 | 提名和薪酬 | 關聯交易 | | 董事 | | 委員會 | 委員會 | 審計委員會 | 委員會 | 委員會 | 控制委員會 | | 葛海蛟 | | C | | | | | | | 張輝 | | M | | | | | | | 劉進 | | M | M | | | | | | 蔡釗 | | M | | | M | | | | 張勇 | | M | | M | C | | | | 黃秉華 | | | C | | M | M | | | 劉輝 | | M ...