Investment Rating - The industry rating is "Buy" as of April 1, 2026, consistent with the previous rating [5] Core Insights - The report highlights a divergence in performance among banks, with state-owned banks showing renewed vitality despite pressure on net interest margins. The overall revenue and profit growth for 22 listed banks has shown signs of recovery compared to the previous quarters, driven by improvements in effective tax rates, accelerated scale expansion, and a slowdown in the decline of net interest margins [5][20] - The report indicates that the net profit growth for the 22 listed banks is primarily driven by six factors, including the expansion of interest-earning assets and recovery in net fees, while the decline in net interest margins has been the main negative contributor [15][20] Summary by Sections Overall Performance - As of March 30, 2026, 22 A-share listed banks reported a revenue growth of 1.24%, PPOP growth of 0.60%, and net profit growth of 1.30% for 2025, with a quarter-on-quarter recovery observed [14] - The net profit growth drivers include a 7.97% contribution from interest-earning asset expansion and a 0.97% contribution from the recovery of net fees [15] Scale - The report notes that public and bill financing are the main growth drivers, with financial investments continuing to show high growth [9] Net Interest Margin - The net interest margin has stabilized for two consecutive quarters, with expectations for a rebound in 2026 [9] Non-Interest Income - There is a performance divergence in non-interest income, with state-owned banks performing better due to lower exposure to the capital market [9][20] Asset Quality - The report indicates that the asset quality is improving for corporate loans, while retail loans are under pressure [9] Investment Recommendations - The report suggests a favorable outlook for the banking sector in the second quarter, emphasizing its defensive nature amid economic fluctuations [9][20]

Core Insights - In 2025, four listed banks experienced a decline in both operating income and net profit compared to 2024, specifically Ping An Bank, Everbright Bank, Huaxia Bank, and Zhejiang Bank. Conversely, China Merchants Bank, Industrial Bank, Shanghai Pudong Development Bank, and Bohai Bank achieved growth in both metrics [1][2] Financial Performance - China Merchants Bank reported an operating income of 337.53 billion yuan, a slight increase of 0.01% year-on-year, making it the only bank among its peers to exceed 300 billion yuan in revenue. Its net interest income was 215.59 billion yuan, up 2.04%, while non-interest income fell by 3.38% to 121.94 billion yuan [3] - Ping An Bank's operating income decreased by 10.4% year-on-year, with a total of 880.21 billion yuan in net interest income, down 5.8%, and non-interest income of 434.21 billion yuan, down 18.5% [4][5] - Zhejiang Bank's net profit saw the largest decline among the listed banks, dropping 14.85% to 12.93 billion yuan [5] Asset Quality - As of the end of 2025, the non-performing loan (NPL) ratios for Industrial Bank, Everbright Bank, and Minsheng Bank increased compared to the previous year, while other banks showed varying degrees of improvement. China Merchants Bank maintained the lowest NPL ratio at 0.94% [7][8] - The personal loan NPL ratios generally increased, with Zhejiang Bank's ratio rising from 1.78% to 2.45%, marking a 0.67 percentage point increase [8] Net Interest Margin - The net interest margin (NIM) for the listed banks generally declined in 2025, with only Minsheng Bank and Bohai Bank showing an increase. China Merchants Bank had the highest NIM at 1.87% [12][14] - The decline in NIM was attributed to lower loan pricing and a decrease in the average yield on interest-earning assets, with China Merchants Bank noting a continued downward trend in loan pricing due to market conditions [14][15]

1. Report Industry Investment Rating - Not provided in the document 2. Core Views of the Report - In Q4 2025, the bond market valuation recovered, and the net asset value of the bond funds in the whole market stopped falling and rebounded. However, the "asset shortage" pattern continued, the yield of credit bonds declined again, and the supply of desirable medium - to - high - yield assets shrank. Against this background, bond funds actively explored returns in terms of variety and duration in Q4, while remaining relatively cautious about credit downgrading [5]. - From the overall situation of bond fund heavy - holdings, the return range was further compressed, and institutions tended to adopt conservative strategies. The yields of the heavy - holding bond issuers were highly concentrated in the low - return range below 1.8%, and the scale of high - yield assets above 2.5% continued to shrink [5]. - For heavy - holding of urban investment bonds, the regional level showed a downward trend, with a preference for short - term durations. Zhejiang and Jiangsu were still the core heavy - holding regions, but the allocation intensity decreased. Institutions' preference for regions such as Sichuan, Shanghai, and Hunan increased. In terms of term distribution, the scale of each province was mainly concentrated around 1 - year, and as the term lengthened, the holding preference converged significantly towards strong provinces [5]. - For heavy - holding of financial bonds, bank Tier 2 and perpetual bonds dominated the allocation, and there was an obvious trend of variety downgrading. Financial bonds accounted for 72% of all heavy - holding credit bonds, with bank Tier 2 and perpetual bonds as the core varieties, and the allocation was relatively concentrated in the medium - to - high - yield range of 2.0% - 2.5%. In terms of term, a dumbbell - shaped allocation was preferred [5]. - For heavy - holding of industrial bonds, the allocation was concentrated in core industries, and institutions were more cautious about real - estate bonds. Non - bank finance and public utilities were the top two industries in terms of total market value of holdings, and were significantly increased in holdings compared with the previous period. Industries such as real estate, transportation, and coal were significantly reduced in holdings [5]. 3. Summary According to Relevant Catalogs 3.1 Bond Fund Heavy - Holding Overview 3.1.1 Overall Situation - As of the end of Q4 2025, there were 3,993 bond - type funds in the whole market, with a total scale of 11.10 trillion yuan, an increase of 0.36 trillion yuan compared with the end of the previous quarter. Bond - type funds were mainly medium - and long - term pure - bond funds, presenting a structure characterized by "dominated by medium - and long - term pure - bond funds and supplemented by hybrid bond funds" [11]. 3.1.2 Credit Bond Heavy - Holding from a Return Perspective - Most bond funds had a stable investment style and tended to adopt relatively conservative investment strategies. The yields of heavy - holding bond issuers were highly concentrated in the range below 1.8%. The supply of high - yield assets continued to shrink, and the high - yield assets above 2.5% further contracted compared with Q3 2025 [19]. - In Q4, the "asset shortage" continued, and the yields of credit bonds declined again. The concentration range of heavy - holding bond yields shifted downward. Compared with Q3, the balance of heavy - holding bonds with issuer yields below 1.8% increased significantly, while the holding balances of heavy - holding bonds in the ranges of 1.8 - 2.0%, 2.0 - 2.5%, and above 2.5% decreased to varying degrees [19]. 3.1.3 Types of Bond Fund Heavy - Holding Bonds and Their Performance in Different Dimensions - In Q4 2025, bond fund heavy - holding bonds generally showed a configuration trend of low - return concentration and high - return contraction. Financial bonds dominated with over 540 billion yuan, with bank Tier 2 and perpetual bonds as the core configuration. Industrial bonds tended to have medium - to - low returns, and urban investment bonds were concentrated in the 1.8% - 2.0% range [29]. - In terms of implicit rating distribution, financial and industrial bonds preferred high - rating issuers, while urban investment bonds showed an obvious downward trend. In Q4, incremental allocation was concentrated in high - rating bonds, and institutions were relatively cautious about credit downgrading [32]. 3.2 Characteristics of Urban Investment Bond Heavy - Holding 3.2.1 Regional and Hierarchical Characteristics of Heavy - Holding Urban Investment Bonds - In Q4 2025, the heavy - holding regions of urban investment bonds showed a certain downward trend, including prefecture - level cities in key provinces, district - level cities in non - key provinces, and park - level areas in municipalities. Zhejiang and Jiangsu were still the core heavy - holding regions, but the allocation intensity decreased. Institutions' preference for regions such as Sichuan, Shanghai, and Hunan increased [38]. 3.2.2 Term Characteristics of Heavy - Holding Urban Investment Bonds - Urban investment bonds generally preferred short - term durations. As the term lengthened, the holding preference converged significantly towards strong provinces. In Q4 2025, the term distribution of urban investment bond heavy - holdings was significantly differentiated, with the scale of each province mainly concentrated around 1 - year. The overall heavy - holding duration lengthened, but institutions were still cautious about ultra - long - term urban investment bonds [43]. 3.2.3 Analysis of the Top 20 Heavy - Holding Urban Investment Bond Issuers - The top 20 heavy - holding urban investment bond issuers in Q4 2025 were mainly medium - level prefecture - level platforms, with less obvious head - concentration characteristics. In Q4, the number of provincial - level platforms increased, and the degree of credit downgrading decreased. Some platforms were significantly reduced in holdings, while some provincial - level transportation platforms were increased in holdings [48]. 3.3 Overview of Financial Bond Heavy - Holding 3.3.1 Analysis of the Duration of Heavy - Holding Financial Bonds - Bank Tier 2 and perpetual bonds were mainly heavy - held by national and joint - stock banks, with a dumbbell - shaped term configuration preference. Compared with Q3, institutions' preference for state - owned banks and 3 - year terms increased significantly. The heavy - holding scale of Tier 2 and perpetual bonds increased, with state - owned banks showing obvious increases in holdings. Non - Tier 2 and perpetual bonds focused on 1 - year commercial financial bonds, and secondary - type bonds focused on 4 - year insurance bonds and 2 - 3 - year TLAC bonds [52]. 3.3.2 Analysis of the Top 20 Heavy - Holding Financial Bond Issuers - The top 20 heavy - holding bank Tier 2 and perpetual bond issuers were mainly state - owned banks, joint - stock banks, and relatively leading city commercial banks. State - owned banks generally increased their holdings, while joint - stock banks showed obvious differentiation. The yields of heavy - holding bonds generally declined rapidly, and there was significant differentiation in the remaining terms among issuers [61]. 3.4 Situation of Industrial Bond Heavy - Holding 3.4.1 Analysis of Heavy - Holding Industrial Bond Industries - Industrial bond allocation was still centered on industries with strong quasi - public attributes and industries with high financial relevance. Non - bank finance, public utilities, and transportation were the top three industries in terms of total market value of holdings. Non - bank finance and public utilities were significantly increased in holdings, while industries such as real estate, transportation, and coal were significantly reduced in holdings [71]. - Short - term duration varieties were still the main allocation. Most industries had a proportion of 0 - 2 - year terms exceeding 50%. Non - bank finance significantly lengthened the heavy - holding duration, while public utilities further increased the allocation of short - term duration bonds [72]. 3.4.2 Analysis of the Top 20 Heavy - Holding Industrial Bond Issuers - The top 20 heavy - holding industrial bond issuers were all central and local state - owned enterprises, mainly distributed in industries such as non - bank finance, public utilities, transportation, and coal. The allocation of industrial bond issuers was relatively concentrated. The average valuation yields of the top 20 heavy - holding industrial bond issuers generally declined, and there was significant differentiation in term changes among issuers [76]. 3.4.3 Analysis of the Top 10 Heavy - Holding Real - Estate Bond Issuers - State - owned and central - enterprise - affiliated real - estate bond issuers still occupied a core position. Some issuers were significantly increased in holdings, while some were significantly reduced in holdings. The real - estate bond allocation showed the characteristics of "medium - to - short - term duration + concentration on strong - credit issuers", and there was obvious differentiation in the return and duration strategies [79].

银行/股份制银行Ⅱ 光大银行（601818.SH） 2026 年 03 月 31 日 投资评级：增持（维持） | 日期 | 2026/3/30 | | --- | --- | | 当前股价(元) | 3.28 | | 一年最高最低(元) | 4.50/3.17 | | 总市值(亿元) | 1,938.01 | | 流通市值(亿元) | 1,522.14 | | 总股本(亿股) | 590.86 | | 流通股本(亿股) | 464.07 | | 近 3 个月换手率(%) | 33.43 | 股价走势图 -20% -10% 0% 10% 20% 30% 2025-03 2025-07 2025-11 光大银行 沪深300 数据来源：聚源 相关研究报告 《营收结构有亮点，财富管理质效提 升—光大银行 2025 年三季报点评》 -2025.11.2 《资产平稳增长，投资收益亮眼—光 大银行 2025 年中报点评》-2025.8.31 《存贷增速提升，资产质量平稳—光 大银行 2025 年一季报点评》-2025.4.28 刘呈祥（分析师） 吴文鑫（分析师） liuchengxiang@kysec.cn wuwenxi ...

2025 年年度報告（H 股） 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份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。 2025 年年度業績公告 中國光大銀行股份有限公司（「本公司」）董事會（「董事會」）謹 此宣佈本公司及其附屬公司截至 2025 年 12 月 31 日止之經審計業績。 本公告列載本公司 2025 年年度報告全文，並符合香港聯合交易所有 限公司證券上市規則中有關年度業績公告附載的資料之要求。本公司 2025 年年度報告 將 於 2026 年 4 月 刊 載 於 本公司網 站 （www.cebbank.com）及香港交易及結算所有限公司「披露易」網站 （www.hkexnews.hk），並按本公司 H 股股東選擇收取公司通訊的方 式寄發予本公司 H 股股東。 發佈業績公告 本業績公告的中英文版本可在本公司網站(www.cebbank.com)及香港交 易及結算所有限公司「披露易」網站（www.hkexnews.hk）閱覽。在 對中英文版本理解上發生歧義時，以中文版本為準。 ...

证券研究报告 | 2026年03月31日 营业收入和归母净利润同比均有所下降。公司 2025 年实现营业收入 1263 亿 元，同比下降 6.7%；2025 年实现归母净利润 388 亿元，同比下降 6.9%。2025 年加权平均净资产收益率 7.0%，同比下降 0.9 个百分点。从业绩归因来看， 主要是净息差和其他非息收入拖累净利润增长，规模扩张和拨备反哺支撑净 利润增速。 资产增速处于低位。2025 年末总资产同比增长 3.0%至 7.17 万亿元，资产增 速保持在较低水平。其中贷款总额较年初增长 1.2%至 3.98 万亿元，存款较 年初增长 1.7%至 4.10 万亿元。公司 2025 年末核心一级资本充足率 9.69%， 较年初下降 0.13 个百分点。2025 年度分红率维持稳定。 净息差同比下降，环比趋稳。公司披露的 2025 年日均净息差 1.40%，同比降 低 14bps。从细项来看，贷款收益率同比下降 62bps 至 3.60%，生息资产收 益率同比下降 52bps 至 3.21%；负债成本有所改善但降幅低于资产端，其中 存款付息率同比下降 37bps 至 1.81%，整体负债成本下降 3 ...

Financial Performance - Total assets reached RMB 7.165 trillion, an increase of 2.96% compared to the previous year[38]. - Total liabilities amounted to RMB 6.558 trillion, growing by 2.97% year-over-year[38]. - Operating income for the year was RMB 126.311 billion, a decrease of 6.72% from RMB 135.415 billion in 2024[38]. - Net profit attributable to shareholders was RMB 38.826 billion, down 6.88% from RMB 41.696 billion in 2024[38]. - The average return on total assets was 0.55%, down from 0.61% in 2024[38]. - The liquidity ratio for RMB was 83.74% in 2023, showing an increase from 76.71% in 2022[46]. - The total capital net amount reached RMB 699,961 million in 2025, up from RMB 651,382 million in 2023[47]. - The core Tier 1 capital ratio was 9.69% in 2025, slightly down from 9.82% in 2024[49]. - The net profit attributable to shareholders was RMB 38,826 million for the year, with a diluted earnings per share of RMB 0.58[48]. - The leverage ratio improved to 7.27% in 2025, compared to 7.00% in Q1 2025[51]. - The liquidity coverage ratio was 143.11% in 2025, indicating a strong liquidity position[51]. - The net stable funding ratio stood at 107.66% in 2025, reflecting adequate funding stability[55]. - The bank's asset quality remains stable, with a focus on optimizing its operational structure and risk management systems[25]. - The non-performing loan ratio was 1.27%, slightly up from 1.25% in the previous year[38]. - The total amount of overdue loans reached 84,746 million RMB, an increase from 79,307 million RMB, indicating a rise in overdue loan amounts[118]. - The total amount of disposed non-performing loans was RMB 49.871 billion in the reporting period, an increase of RMB 1.526 billion compared to the previous year[128]. Business Strategy and Focus - The bank's strategic focus is on serving the real economy and national strategies, aiming to meet the growing financial needs of society[15]. - The bank is committed to supporting the real economy and enhancing service quality, aligning with national strategies and financing needs[25]. - The bank aims to achieve high-quality development by focusing on core business areas and enhancing governance and management practices[27]. - The bank's management reported a balanced development across various business sectors, with improved risk management and enhanced innovation capabilities[16]. - The bank's commitment to supporting the real economy included a focus on manufacturing loans and loans for strategic emerging industries, which saw rapid growth[60]. - The bank's supply chain customer base exceeded 20,000 clients[64]. - The bank's comprehensive financing scale for corporate clients (FPA) was CNY 5.52 trillion, while retail asset management scale (AUM) reached CNY 3.15 trillion[64]. Digital Transformation and Innovation - The bank emphasizes digital transformation, with Everbright Cloud Payment focusing on convenient services and financial scenario construction for millions of users[16]. - The bank aims to enhance its service quality and operational efficiency by focusing on the integration of technology and finance, particularly through "Artificial Intelligence+" applications[27]. - The bank's digital transformation efforts significantly improved online service capabilities, contributing to overall operational efficiency[59]. - The company is focused on expanding its digital financial services, including cloud payment and mobile banking, to better serve the real economy and improve consumer spending[183]. - The bank's mobile banking app version 13.0 was recognized as the "Annual User Favorite Product" in 2025, indicating strong customer engagement[22]. - The cumulative number of payment projects connected by the digital payment platform reached over 1.96 million, with electricity bill collection services achieving full coverage[184]. - The mobile banking platform registered 69.6428 million users, reflecting a growth of 5.58% compared to the previous year[182]. Awards and Recognition - The bank has received recognition for its social responsibility efforts, being awarded as an "Outstanding Institution in Serving the Real Economy" by Securities Daily[16]. - The bank has received multiple awards in 2025, including "Outstanding Case of Financial Service Innovation" for its "Cloud Payment" service and "Financial Brand Annual Social Public Welfare Project" for its rural support initiative[17]. - The bank's board was awarded the "Best Practice Case of Listed Company Board of Directors" in December 2025, highlighting its governance standards[20]. - The bank's "薪悦通" product was recognized as the "Annual Competitive Digital Financial Innovation Product" in November 2025[22]. Risk Management - The bank plans to maintain a robust risk management framework, ensuring sufficient provisions and enhancing the disposal of non-performing assets[28]. - The bank's risk management capabilities were enhanced through targeted strategies for different risk categories, ensuring financial stability[58]. - The company aims to enhance risk management by optimizing risk rating models and increasing the frequency of risk control strategy updates[181]. Customer Engagement and Services - The bank's retail customer base reached 162.06 million, a year-on-year increase of 2.81%[165]. - The bank's wealth management team served over 2 million customers through the "Sunshine Little Advisor" platform during the reporting period[174]. - The bank's family trust scale increased by 73.75% compared to the end of the previous year, focusing on customized services for entrepreneurs[179]. - The bank's private banking AUM reached 743.657 billion yuan, an increase of 42.606 billion yuan, growing by 6.08% year-on-year[179]. - The bank's insurance AUM grew by 17.67% compared to the end of the previous year, reflecting a strong focus on pension services[177]. - The bank served over 310 million customers in its pension financial services, enhancing its comprehensive service platform[176]. Loan and Financing Activities - The bank provided loans exceeding RMB 390 billion to over 55,000 small and micro enterprises[33]. - The bank's technology loan balance reached CNY 703.72 billion, an increase of CNY 64.985 billion, representing a growth of 10.17% compared to the previous year[60]. - The green loan balance was CNY 469.078 billion, up by CNY 56.048 billion, reflecting a growth of 13.57% year-over-year[61]. - The inclusive finance loan balance stood at CNY 462.807 billion, increasing by CNY 26.988 billion, which is a growth of 6.20% from the previous year[61]. - The bank's merger loan issuance totaled CNY 27.469 billion, with 8 securitization projects amounting to CNY 21.601 billion[150]. - The company launched the "投联贷" product, providing RMB 30 million in loans to a technology enterprise, demonstrating its commitment to supporting innovative companies[146]. Asset Management - The retail asset management scale reached RMB 3.15 trillion, catering to diverse investor needs[35]. - The bank's total asset management scale for wealth management products reached CNY 1.95 trillion[64]. - The company's non-principal guaranteed wealth management products reached a balance of 1,945.963 billion yuan, with a total issuance of 4.58 trillion yuan for the year, generating returns of 35.913 billion yuan for investors[197]. - The company's proprietary bond portfolio reached 1,456.165 billion yuan, accounting for 20.32% of total assets, with government bonds making up 63.88% of this portfolio[195].

Investment Rating - The investment rating for the company is "Buy-A/Buy-H" with a current price of 3.28 CNY and a reasonable value of 4.23 CNY for A-shares, and 3.24 HKD with a reasonable value of 4.18 HKD for H-shares [1]. Core Insights - The company's revenue, pre-provision operating profit (PPOP), and net profit attributable to shareholders for 2025 showed year-on-year declines of -6.72%, -6.43%, and -6.88% respectively, although the revenue growth rate improved sequentially [5][8]. - The net interest income decreased by 4.7% year-on-year, but the decline narrowed quarter by quarter, while net fee income increased by 6.2% year-on-year, driven by a significant rise in wealth management fees [5][8]. - The company’s asset quality showed some fluctuations, with a non-performing loan (NPL) ratio of 1.27% at the end of 2025, reflecting a slight increase of 2 basis points year-on-year [5][8]. Financial Performance Summary - For 2025, the company's total assets, loans, and financial investments grew by 3.0%, 1.2%, and 7.4% year-on-year respectively, with corporate loans increasing by 5.7% [5][8]. - The net interest margin remained stable at 1.40%, with a year-on-year narrowing of 14 basis points [5][8]. - The company’s net fee income growth turned positive, with a notable increase in wealth management fees by 61.4% year-on-year [5][8]. Profitability Forecast - The forecast for net profit attributable to shareholders for 2026 and 2027 is expected to decline by 1.00% and grow by 2.08% respectively, with earnings per share (EPS) projected at 0.57 CNY and 0.59 CNY [5][8]. - The current stock price corresponds to a price-to-earnings (PE) ratio of 5.74X for 2026 and 5.60X for 2027, and a price-to-book (PB) ratio of 0.37X and 0.35X respectively [5][8].

Investment Rating - The investment rating for the company is "Neutral" [5] Core Views - The company's operating income and net profit attributable to shareholders decreased year-on-year, with operating income at 126.3 billion yuan, down 6.7%, and net profit at 38.8 billion yuan, down 6.9% [1][4] - The weighted average return on equity for 2025 is 7.0%, a decline of 0.9 percentage points year-on-year, primarily due to the drag from net interest margin and other non-interest income [1] - The company's total assets grew by 3.0% year-on-year to 7.17 trillion yuan, with loan growth at 1.2% to 3.98 trillion yuan and deposit growth at 1.7% to 4.10 trillion yuan [1][4] - The core Tier 1 capital adequacy ratio at the end of 2025 is 9.69%, down 0.13 percentage points from the beginning of the year [1] Financial Performance Summary - The average daily net interest margin for 2025 is 1.40%, a year-on-year decrease of 14 basis points, with loan yield down 62 basis points to 3.60% and interest-earning asset yield down 52 basis points to 3.21% [2] - Fee income increased by 6.2% year-on-year to 20.3 billion yuan, driven by a 61.4% increase in wealth management service fees, while other non-interest income decreased by 29.1% to 14 billion yuan [2] - The non-performing loan ratio at the end of 2025 is 1.27%, up 0.02 percentage points from the beginning of the year, with a provision coverage ratio of 174%, down 7 percentage points [3][4] - The company has slightly adjusted its profit forecast, expecting net profit attributable to shareholders for 2026-2027 to be 36.7 billion and 36.8 billion yuan, respectively, with a diluted EPS of 0.54 yuan for both years [3][4]

China Everbright Bank Company Limited China Everbright Bank Company Limited 中國光大銀行股份有限公司 中國光大銀行股份有限公司 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份內容 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。 （於中華人民共和國註冊成立的股份有限公司） （於中華人民共和國註冊成立的股份有限公司） 茲載列中國光大銀行股份有限公司在上海證券交易所網站刊登的《中國光大銀行股份有限 公司2025年年度報告（A股）》，僅供參閱。 中國光大銀行股份有限公司 董事會 中國 • 北京 2026年3月30日 於本公告日期，本公司執行董事為郝成先生、齊曄女士及楊兵兵先生；非執行董事為 吳利軍先生、崔勇先生、趙晶晶女士、姚威先生、張銘文先生及李巍先生；以及獨立 非執行董事為李引泉先生、劉世平先生、黃振中先生、劉俏先生、胡湘先生及李穎琦女 士。 中 国 光 大 银 行 股 份 有 限 公 司 CHINA EVERBRIGHT BAN ...