Core Viewpoint - Bank of China (03988) has received regulatory approval to issue a total of 60 billion RMB in loss-absorbing tier 2 capital bonds in the interbank bond market, set to be completed by November 26, 2025 [1] Group 1 - The bond issuance will amount to 60 billion RMB, with a fixed interest rate of 2.16% over a 10-year term [1] - The bonds will include an issuer call option at the end of the fifth year [1]

Core Viewpoint - The company announced the issuance of a total of 60 billion RMB of loss-absorbing tier 2 capital bonds in the interbank bond market, aimed at supplementing its tier 2 capital [1] Group 1 - The bonds will be issued on November 24, 2025, and completed by November 26, 2025 [1] - The bonds have a fixed interest rate of 2.16% and a maturity period of 10 years [1] - The issuer has the right to redeem the bonds at the end of the fifth year [1]

中國銀行股份有限公司 BANK OF CHINA LIMITED （於中華人民共和國註冊成立的股份有限公司） （「本行」） （股份代號：3988） 公告 二級資本債券發行完畢 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 本期債券為10年期固定利率債券，發行規模為600億元人民幣，票面利率為 2.16%，在第5年末附發行人贖回權。 本期債券募集的資金將依據適用法律和監管部門的批准，補充本行的二級資本。 中國銀行股份有限公司 本行於2025年7月18日召開的股東大會審議批准了本行發行不超過4,500億元人民 幣或等值外幣資本工具的議案。經相關監管機構批准，本行於2025年11月24日在 全國銀行間債券市場發行總額為600億元人民幣的減記型二級資本債券（「本期債 券」），並於2025年11月26日發行完畢。 董事會 中國，北京 2025年11月26日 於本公告日期，本行董事為葛海蛟、張輝、劉進、張勇*、黃秉華*、劉輝*、師永彥*、 樓小惠*、李子民*、 ...

Core Viewpoint - The company, GuoJi Heavy Industry (601399.SH), announced a significant share reduction by Bank of China branches, indicating a strategic shift in shareholder composition [1] Share Reduction Details - Bank of China, Deyang Branch, reduced its holdings by 58.1669 million shares from November 11 to November 24, 2025, accounting for 0.81% of the company's total share capital [1] - Bank of China, Zhenjiang Runzhou Branch, reduced its holdings by 13.9686 million shares during the same period, representing 0.19% of the total share capital [1] - The total shares reduced by both branches amounted to 72.1355 million shares, which is 1.00% of the company's total share capital [1] Post-Reduction Shareholding - After the reduction, Bank of China, Deyang Branch, holds 288 million shares, which is 3.99% of the total share capital [1] - Bank of China, Zhenjiang Runzhou Branch, now holds 6.9088 million shares, representing 0.96% of the total share capital [1] - The combined holdings of the aforementioned branches total 357 million shares, accounting for 4.95% of the company's total share capital [1]

Core Insights - The foreign exchange business reform has been positively received by commercial banks and the public, with 26 banks participating as of September 2025, covering various types of banks across the country [1][2] Group 1: Reform Implementation and Participation - As of September 2025, 26 banks are involved in the foreign exchange business reform, including 5 large banks, 9 joint-stock banks, 4 city commercial banks, and 8 foreign banks [1] - The newly added banks in the third quarter include Industrial and Commercial Bank of China, Deutsche Bank, Mizuho Bank, and Mitsubishi UFJ Financial Group [2] Group 2: Benefits of the Reform - The reform has reduced the burden on enterprises, allowing them to handle foreign exchange transactions more efficiently, with some businesses experiencing a significant reduction in processing time from days to minutes [3] - Banks have improved their customer identification and service capabilities, leading to a reduction in average processing time for transactions by over 50% [3] - The reform has enhanced regulatory quality, with banks establishing risk monitoring systems to better track cross-border transactions and identify abnormal activities early [3] Group 3: Future Directions - The State Administration of Foreign Exchange plans to further enhance the foreign exchange management system, focusing on convenience, openness, security, and intelligence [4] - Future efforts will include expanding the coverage of the reform to benefit more enterprises and integrating various facilitation policies [4] - The application of new technologies such as artificial intelligence and big data will be encouraged to improve efficiency in foreign exchange services [4]

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 天眼查资料显示，中国银行股份有限公司，成立于1983年，位于北京市，是一家以从事货币金融服务为 主的企业。企业注册资本29438779.1241万人民币。通过天眼查大数据分析，中国银行股份有限公司共 对外投资了539家企业，参与招投标项目5000次，财产线索方面有商标信息1472条，专利信息5000条， 此外企业还拥有行政许可254个。 来源：市场资讯 国家知识产权局信息显示，中国银行股份有限公司取得一项名为"测试环境搭建请求分配方法及装置"的 专利，授权公告号CN 114020625 B，申请日期为2021年11月。 ...

Core Points - The Bank of China (601988) announced a system upgrade scheduled for November 28, 2025, to enhance financial products and services [1] - During the upgrade, SMS services for overseas individual customers will be temporarily suspended for specific regions [1] Summary by Category System Upgrade - The system upgrade aims to provide richer and higher-quality financial products and services [1] - The upgrade will take place on November 28, 2025, at 02:00 to 02:20 Beijing time for the Asia-Pacific region [1] Service Suspension - SMS services will be suspended during the specified time for the Asia-Pacific, Europe, Africa, and Americas regions [1] - The Bank of China will strive to minimize the downtime caused by the system upgrade [1] - If the actual downtime is shorter than announced, the bank will process SMS service transactions normally during that period [1]

Core Viewpoint - China Bank's stock price has experienced fluctuations, with a current price of 6.13 CNY per share, reflecting a year-to-date increase of 16.36% [1] Group 1: Stock Performance - As of November 26, China Bank's stock fell by 2.08%, with a trading volume of 12.25 billion CNY and a turnover rate of 0.09% [1] - The stock's market capitalization stands at 19751.62 billion CNY [1] - Year-to-date, the stock has risen by 16.36%, with a 2.17% increase over the last five trading days, 9.46% over the last 20 days, and 8.30% over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, China Bank reported a net profit of 1776.60 billion CNY, marking a year-on-year growth of 1.08% [2] - The bank's total revenue for the same period was reported as 0.00 CNY [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased to 678,900, a rise of 10.32% [2] - The average number of circulating shares per shareholder decreased by 12.54% to 405,583 shares [2] - The bank has distributed a total of 9431.25 billion CNY in dividends since its A-share listing, with 2092.51 billion CNY distributed over the last three years [3] Group 4: Institutional Holdings - As of September 30, 2025, China Securities Finance Corporation is the third-largest shareholder, holding 7.941 billion shares [3] - Hong Kong Central Clearing Limited is the fifth-largest shareholder, with a holding of 0.888 billion shares, down by 0.762 billion shares from the previous period [3] - Various ETFs, including Huaxia SSE 50 ETF and Huatai-PineBridge CSI 300 ETF, have seen reductions in their holdings [3]

Core Insights - The "Suzhou Hong Kong" event aimed to enhance communication between technology innovation enterprises and the capital market through various formats such as keynote speeches, closed-door meetings, and company visits [1][4] - Suzhou and Hong Kong are key cities in the Yangtze River Delta and Guangdong-Hong Kong-Macau Greater Bay Area, accelerating the efficient flow of capital, technology, talent, and innovation [3] - Hong Kong serves as a crucial platform for mainland enterprises to connect with global capital and achieve international development, while Suzhou attracts technology innovation companies to the Hong Kong stock market [3] Event Highlights - The Hong Kong Stock Exchange (HKEX) presented the latest policies and market conditions for Hong Kong listings, while China International Capital Corporation (CICC) discussed key aspects of the listing mechanism and financial services [4] - Experts from the Bank of China shared insights on global market trends and enterprise risk management, providing comprehensive market insights [4] - HKEX and CICC engaged in in-depth discussions with over ten prospective listing companies to address challenges in the listing process [4] Company Initiatives - Suzhou Bank, as a co-host, leveraged the global advantages of the Bank of China Group to support technology enterprises with efficient and stable funding, achieving a technology finance loan balance exceeding 100 billion [5] - Through collaboration with CICC, Suzhou Bank has successfully assisted three local companies in listing on the Hong Kong stock market and is facilitating more quality technology enterprises in sectors like healthcare and intelligent manufacturing [5] Future Outlook - Suzhou Bank plans to strengthen cooperation with CICC and enhance financial support to help more Suzhou enterprises enter the international capital market [6] - These initiatives aim to set a vivid example of financial cooperation and collaborative development between Suzhou and Hong Kong, promoting high-quality local economic development [6]

Core Insights - The Bank of China Suzhou Branch has played a crucial role in supporting regional foreign trade by leveraging its global advantages and optimizing financial services, contributing over 140 billion yuan in financing for import and export enterprises from January to October this year [1] Group 1: Credit Support and Financial Innovation - The Suzhou Branch has intensified its "Stabilizing Foreign Trade Special Visits" initiative, effectively addressing diverse financial needs of enterprises and continuously innovating financing products and services [2] - A manufacturing company in Suzhou received 100 million yuan in financing support for its overseas factory's raw material procurement through a customized cross-border RMB trade financing solution [2] - The "BOC Cross-Border E-Commerce Exclusive Loan" product was launched to assist small and micro enterprises in cross-border e-commerce, offering credit limits up to 30 million yuan and special interest rate discounts [2] Group 2: Risk Management and Service Enhancement - The Suzhou Branch has issued over 4.2 billion yuan in foreign-related guarantees to support enterprises in bidding for international projects, covering 61 countries and regions involved in the Belt and Road Initiative [3] - The bank has established multiple "Exchange Rate Risk Neutral Demonstration Outlets" to provide tailored hedging products, enhancing foreign trade enterprises' risk management capabilities [3] - The branch has processed cross-border RMB transactions exceeding 190 billion yuan and international settlement business for Belt and Road countries amounting to nearly 18 billion US dollars [4] Group 3: Support for Trade Stability - The bank has implemented a detailed action plan to stabilize foreign trade, serving nearly 600 high-quality enterprises involved in cross-border trade, ranking first among regional peers [6] - The Suzhou Branch has facilitated over 200,000 cross-border online product transactions, amounting to more than 22 billion US dollars from January to October [6] - The bank has organized various events to enhance trade connections, including cross-border e-commerce development forums and policy briefings for enterprises [7]