来源：渤海银行 近日，我行在津召开2026年工作会议，全面落实党的二十大和二十届历次全会精神，深入学习贯彻习近 平总书记关于金融工作系列重要论述和视察天津重要讲话精神，认真落实中央金融监管部门和市委市政 府工作要求，总结全行2025年工作情况，全面部署2026年重点任务。党委书记、董事长王锦虹围绕推动 转型发展的主旨作了讲话，党委副书记、行长屈宏志作经营管理情况报告，党委副书记凌颖杰主持会 议。 会议认为，我行砥砺奋进改革转型，2025年实现了更加系统的发展成效。党建引领旗帜更加鲜明，错位 发展路径日益清晰，内涵发展持续纵深推进，风控合规体系迭代升级，科技赋能基础焕新起步，营收净 利润保持"双增"势头，国际评级展望维持稳定。全行上下同心协力，实现了"十四五"圆满收官，也 为"十五五"开局奠定坚实的基础。 会议指出，2026年是我行决战决胜转型发展的关键之年。全行必须坚持以习近平新时代中国特色社会主 义思想为指导，坚定贯彻党中央决策部署，认真落实监管部门、市委市政府工作要求，牢牢把握稳中求 进工作总基调，统筹好当前稳健经营与未来可持续发展。坚持问题导向、实战导向与价值导向，系统推 进转型发展各项重点任务：聚焦关 ...

机构观点 经济观察网 2026年02月23日，渤海银行CIPS直参系统正式上线，据报道上线两天结算额突破9.1亿元， 显示其在跨境支付基础设施领域的积极参与。 股票近期走势 渤海银行股价在近一周表现积极。2026年02月20日，该股上涨1.40%；02月23日收盘报0.91港元，单日 上涨1.11%。同期，港股银行板块整体上涨1.44%，恒生指数上涨2.53%。 天风证券于2026年02月22日发布银行行业研报指出，商业银行息差已连续三个季度企稳于1.42%，LPR 维持稳定，央行货币政策呈现"名稳实降"特征。该研报认为，贷款定价偏高可能对信贷需求形成反噬， 预计2026年信贷增速或降至5.5%以下。 以上内容基于公开资料整理，不构成投资建议。 ...

Core Viewpoint - Bohai Bank emphasizes its commitment to consumer protection and financial education, achieving significant outreach and recognition in 2025 through innovative practices and a comprehensive consumer protection culture [1][4][12]. Group 1: Consumer Protection Initiatives - In 2025, Bohai Bank reached 1.23 billion people through financial education, achieving a 100% complaint resolution rate and a 100% mediation execution rate, showcasing its dedication to consumer rights [1][12]. - The bank established a complete consumer protection culture system, including the issuance of guidelines and extensive training, with over 1,100 training sessions and participation from more than 130,000 employees [3][12]. - Bohai Bank's proactive complaint handling resulted in a 100% resolution rate within 15 days, with 1.93 million calls received through customer service channels [13][12]. Group 2: Financial Education and Outreach - The bank implemented a "Consumer Protection+" theme education campaign, integrating financial education into various community activities, including partnerships with local organizations [4][12]. - Bohai Bank developed engaging educational content, such as animated videos and social media materials, to enhance consumer understanding of financial risks [4][12]. - The bank's outreach included targeted programs for vulnerable groups, such as the elderly and youth, to educate them on financial safety and fraud prevention [12][4]. Group 3: Process and Compliance Management - Bohai Bank adopted a "Three Appropriateness" principle to ensure that financial products are suitable for the right customers through comprehensive risk management [17][18]. - The bank established a robust consumer protection review system, ensuring that all products undergo thorough scrutiny before launch, achieving a 100% coverage rate for consumer protection reviews [17][18]. - Various branches implemented localized strategies to enhance compliance and consumer protection, such as pre-sale product screening and tailored services based on customer profiles [18][17].

Market Overview - The NPL product market continued to expand in 2025, with a total issuance scale of 820.57 billion yuan, representing a year-on-year growth of 61.32%[4] - The cumulative issuance scale of NPL products from 2016 to 2025 reached 3285.88 billion yuan, indicating a sustained growth trend over six consecutive years[4] Asset Securitization - In 2025, commercial banks disposed of a total of 519.11 billion yuan of non-performing loans (NPLs) through asset securitization, with principal accounting for 90.53% of this amount, marking a 62.80% increase from 2024[5] - As of September 2025, the balance of non-performing loans in commercial banks was 3522.48 billion yuan, with 349.45 billion yuan disposed of through securitization, accounting for 10.28% of the median balance of non-performing loans[7] Issuance Characteristics - Large state-owned commercial banks remained the main issuers in the NPL market, with the top three institutions (Industrial and Commercial Bank of China, China Construction Bank, and Bank of China) accounting for 39.92% of the total issuance in 2025[9] - The types of NPL products issued have diversified, including personal housing mortgage NPLs and small micro-enterprise NPLs, reflecting a trend towards greater variety in product offerings[9] Recovery Rates and Valuation - The expected recovery rate for credit card NPL products ranged from 4.09% to 16.15%, with a weighted average recovery rate of 9.68%[22] - Personal housing mortgage NPL products had a higher expected recovery rate of 31.44% to 50.02%, with a weighted average recovery rate of 42.30%, although this represents a decline from 50.08% in 2024[31] Small Micro-Enterprise Loans - In 2025, 44 small micro-enterprise NPL products were issued, with a total issuance scale of 224.01 billion yuan, accounting for 27.03% of the total issuance[36] - The expected recovery rate for small micro-enterprise NPLs varied significantly, ranging from 11.58% to 57.20%, depending on the type of collateral involved[37]

Management Changes - On February 3, 2026, Bohai Bank announced that Ms. Ling Yingjie was elected as the employee director of the sixth board of directors, effective upon regulatory approval of her qualifications [2] Regulatory Situation - In February 2026, Bohai Bank's Wuhan branch was fined 1.75 million yuan by the Hubei Regulatory Bureau of the National Financial Supervision Administration for inadequate pre-loan investigations and post-loan management of working capital loans, as well as imprudent practices in financing leasing and factoring [3] Performance and Operating Conditions - For the third quarter of 2025, Bohai Bank reported operating income of 19.326 billion yuan and net profit of 4.988 billion yuan. However, the asset quality remains a challenge, with a non-performing loan ratio of 1.81% as of June 30, 2025, which is relatively high among joint-stock banks. To optimize its asset structure, the bank announced in October 2025 plans to transfer a batch of debt assets totaling approximately 69.833 billion yuan through public listing [4] Business Development - In 2025, Bohai Bank ranked among the top ten in the underwriting scale and number of private enterprise bonds in the interbank market, securing the second position among joint-stock banks. The total amount of accepted bills exceeded 400 billion yuan for the entire year, with green bill discounting exceeding 10 billion yuan, representing a year-on-year growth of 34% [5] - In January 2026, Bohai Bank received investment-grade credit ratings of "Baa3" from Moody's and "BBB-" from S&P, both with a stable outlook [5] Funding Movements - In December 2025, Bohai Bank successfully issued financial bonds totaling 3.5 billion yuan to optimize its liability maturity structure [6]

Core Viewpoint - The article introduces the "Private Enterprise Financial Service Express" initiative by the municipal Federation of Industry and Commerce, aimed at enhancing financial services for private enterprises and providing efficient connections between banks and small to medium-sized enterprises (SMEs) [1] Group 1: Bohai Bank Financial Products - Bohai Bank offers various financial products tailored for SMEs, including the "Huiqi E-loan" specifically designed for small and micro enterprises in Jining [2][3] - The loan application process is streamlined with online scanning and offline disbursement [4] Group 2: Huiqi E-loan Details - Target borrowers are small and micro enterprises registered in Jining, with specific eligibility criteria including a minimum sales revenue of 2 million yuan and tax obligations of at least 3,000 yuan in the past year [5] - The maximum loan amount is 5 million yuan, with a repayment period of up to 12 months [8][9] - Interest rates are based on the Loan Prime Rate (LPR) [10] Group 3: Personal Production and Operation Loan - This product is aimed at legal representatives or shareholders of limited liability companies controlled by natural persons, offering flexible funding options [11][12] - The maximum loan amount for this product is 10 million yuan, also with a maximum term of 12 months [17][18] - The application process involves submitting business-related documents at the branch, followed by a verification process [19] Group 4: Small and Micro Enterprise Guarantee Loan - This loan type is also targeted at small and micro enterprises in Jining, featuring an online application process and offline disbursement [20][21][22] - Similar eligibility criteria apply, including registration and operational location requirements, and the maximum loan amount is 10 million yuan [25] - The loan term is up to 12 months, with interest rates aligned with the LPR [26][27]

Core Viewpoint - Recent regulatory actions indicate a strong stance on compliance within the banking sector, particularly regarding loan management practices, signaling a shift towards normalized governance in financial oversight [6][7]. Group 1: Regulatory Actions - Three banks have been penalized for violations related to loan management, with Hangzhou Rural Commercial Bank receiving a fine of 11.1 million yuan, marking the first significant penalty in the banking sector since 2026 [2][3]. - Other banks, including Bohai Bank's Wuhan branch and CITIC Bank's Hangzhou branch, were also fined for inadequate loan management practices, with penalties of 1.75 million yuan and 6.25 million yuan respectively [4][5]. Group 2: Compliance and Accountability - The regulatory environment is characterized by a "zero tolerance" approach towards compliance failures, emphasizing the importance of accurate data reporting and responsible loan management [6][7]. - The penalties imposed on multiple employees reflect a shift towards individual accountability, indicating that the regulatory framework is increasingly focusing on personal responsibility within financial institutions [6][7]. Group 3: Future Directions for Banking - To avoid future compliance issues, banks are encouraged to transition from a focus on scale to a focus on value, emphasizing strategic resource allocation towards innovation and sustainable development [7]. - The implementation of advanced technology for comprehensive risk monitoring is recommended to enhance loan management processes and reduce reliance on traditional methods [7].

Group 1 - The core point of the article is that Bohai Bank's Wuhan branch has been fined for inadequate pre-loan investigation and post-loan management of working capital loans, as well as for imprudent practices in financing leasing and factoring business [1] - The total fine imposed on Bohai Bank's Wuhan branch amounts to 1.75 million yuan [1] - Regulatory authorities have issued warnings and fines to responsible individuals, including a 100,000 yuan fine for Liu Tianlun, and warnings for Liu Wenyiao, Zhang Bei, and Zhang Wentao [1]

Core Insights - Bohai Bank ranks among the top ten in terms of bond underwriting scale and number of underwritings for private enterprises in the interbank market, holding the second position among joint-stock banks in this category [1] Group 1: Bond Underwriting Performance - In 2025, Bohai Bank provided bond financing services for over 50 private enterprises, completing nearly 100 transactions across key sectors such as agriculture, electronic information, healthcare, high-end manufacturing, and equity investment, raising over 30 billion yuan [1] - The bank has successfully underwritten the first batch of technology innovation bonds for private tech companies like Geely Holding and Yingliu Electromechanical, as well as for private equity investment institutions, guiding funds towards R&D and industrial upgrades in technology-driven private enterprises [1] Group 2: Focus on Green Transition - Bohai Bank emphasizes green transformation by underwriting multiple green asset-backed securities for BYD's financing leasing subsidiary, aiding the expansion of financing leasing scenarios in the new energy vehicle sector and promoting the construction of a green transportation system [1] - The bank also underwrote green technology innovation bonds for Zhongchuang Innovation Technology Group, with funds specifically allocated for lithium-ion battery manufacturing projects, contributing to the low-carbon development of the new energy industry chain [1] Group 3: Innovative Financial Tools - To address the varying credit qualifications of private enterprises, Bohai Bank has innovatively utilized financial tools to provide multi-dimensional credit enhancement support for bond financing [2] - An example includes the first batch of technology innovation bonds for private equity investment institutions, which achieved a credit rating upgrade to AAA through the introduction of the People's Bank of China's risk-sharing tool and guarantees from Zhongdai Credit Enhancement Investment Co., significantly lowering the financing costs for enterprises [2] - The bank is also exploring a "bonds + derivatives" comprehensive service model, creating credit risk mitigation tools (CRMW) to empower bond issuance for several private enterprises, effectively reducing their bond issuance costs and enhancing market acceptance [2]

Core Viewpoint - Bohai Bank has achieved significant recognition in the underwriting of private enterprise bonds, ranking among the top ten in both scale and number of underwritings, reflecting its commitment to supporting the private economy and implementing national financial policies [2][3][7] Group 1: Performance and Achievements - In 2025, Bohai Bank provided bond financing services to over 50 private enterprises, facilitating nearly 100 transactions and raising over 30 billion yuan, which supported various sectors including agriculture, electronics, healthcare, and high-end manufacturing [3][4] - The bank has received multiple industry awards in the bond underwriting sector, including the Wind Best Investment Bank awards, which validate its rapid progress and professional market position [3][7] Group 2: Innovation and Strategic Alignment - Bohai Bank focuses on aligning its services with national macro strategies, directing financial resources towards key areas such as technological innovation and green development [4][5] - The bank has successfully underwritten the first batch of technology innovation bonds for private tech companies, promoting R&D and industrial upgrades [4][5] Group 3: Service Model and Regional Focus - The bank has optimized its organizational structure to create a "headquarters-branch linkage" service system, tailoring services to meet the specific needs of private enterprises [6] - As a national commercial bank headquartered in Tianjin, Bohai Bank has played a crucial role in supporting local economic development, including underwriting the first private technology innovation bond in Tianjin [6][7] Group 4: Future Commitment - Bohai Bank is committed to continuing its support for private enterprises by enhancing bond financing efforts and innovating financial products and services to contribute to high-quality economic development [7]