MACD金叉信号形成，这些股涨势不错！ 格隆汇10月16日｜A股银行股涨幅扩大，其中，农业银行、重庆银行涨超2%，建设银行、工商银行、 苏州银行、中信银行、中国银行、浦发银行、交通银行等涨超1%。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 601288 | 农业银行 | 1 | 2.48 | 26074亿 | 45.78 | | 601963 | 重庆银行 | 换 | 2.28 | 358亿 | 15.69 | | 601939 | 建设银行 | 1 | 1.90 | 23858 Z | 8.63 | | 601398 | 工商银行 | 1 | 1.88 | 27087亿 | 14.44 | | 002966 | 苏州银行 | 策 | 1.78 | 384 Z | 8.49 | | 601998 | 中信銀行 | 4 | 1.72 | 4274 Z | 12.16 | | 601988 | 中国银行 | 1 | 1.70 | 17303亿 | 1.81 | | 601077 | 渝农商行 | | ...

Core Viewpoint - The recent increase in shareholding by major asset management companies (AMCs) in Shanghai Pudong Development Bank (SPDB) is driven by the bank's strong stock performance and solid financial results, providing a favorable investment opportunity for these AMCs [2][5]. Group 1: Stock Performance - As of October 16, SPDB's stock price reached 13.37 yuan per share, marking a year-to-date increase of 30.98% [2][5]. - The stock price saw a daily increase of 1.52% on October 16, 2023 [2]. Group 2: AMC Shareholding Activities - China Mobile increased its stake in SPDB by converting 450 million yuan of convertible bonds into ordinary shares, raising its ownership from 17% to 18.18% [3]. - Oriental Asset Management and China Cinda Asset Management have also increased their holdings in SPDB through similar convertible bond conversions [3][4]. - As of September 30, Oriental Asset held 1.073 billion shares of SPDB and 8.6 million convertible bonds [3]. Group 3: Financial Performance - SPDB reported a net profit attributable to shareholders of 45.257 billion yuan for 2024, a year-on-year increase of 23.31% [5]. - For the first half of 2025, the bank achieved a net profit of 29.737 billion yuan, reflecting a 10.19% year-on-year growth [5]. - The total assets of SPDB reached approximately 9.65 trillion yuan [5]. Group 4: AMC Investment Strategy - AMCs are increasingly focusing on bank stocks due to the strong performance of the banking sector, with the China Securities Banking Index showing a cumulative increase of about 24% from September 2024 to September 2025 [6]. - The investment behavior of AMCs is primarily driven by the need for stable returns, with large AMCs like China Cinda and Oriental Asset focusing on high-dividend, stable-performing banks [7].

Core Viewpoint - The upcoming expiration of the 50 billion yuan convertible bonds from Shanghai Pudong Development Bank (SPDB) is drawing significant market attention, with a substantial portion yet to be converted into equity, raising concerns about potential cash payouts and capital adequacy [2][4][5]. Summary by Sections Convertible Bonds and Shareholding Changes - On October 13, SPDB announced that China Mobile converted 56.31 million convertible bonds into 450 million ordinary shares, increasing its stake from 17.00% to 18.18% [2]. - In June, Xinda Securities converted approximately 118 million SPDB convertible bonds into A-shares, representing 23.57% of the total issuance [2]. - As of now, 37% of the convertible bonds, amounting to about 18.6 billion yuan, remain unconverted, with a premium rate of around 8% [2][4]. Market Pressure and Stock Performance - SPDB's stock price rose by 5.66% to 12.51 yuan per share on October 13, followed by a 2.08% increase to 12.77 yuan on October 14, coinciding with the conversion price of the bonds [4]. - The remaining 18.6 billion yuan of convertible bonds must be converted within two weeks, creating significant pressure on the bank [4]. Capital Adequacy Concerns - As of the end of Q1, 99.9971% of the SPDB convertible bonds had not been converted, raising concerns about the bank's capital adequacy if a large cash payout is required [5][6]. - The core Tier 1 capital adequacy ratio is close to regulatory limits, making the conversion of bonds critical for maintaining capital levels [5][6]. Market Dynamics and Future Outlook - The convertible bond market is experiencing a significant reduction in size, with 121 bonds successfully delisted since 2025, indicating a trend of shrinking market scale [9]. - Despite the increase in new bond issuance, the lack of large-scale bank convertible bonds may lead to a continued decline in overall market size [10][11]. - Regulatory encouragement for banks to supplement capital through various debt instruments is expected to continue, with a focus on optimizing capital structures and enhancing risk resilience [12].

本报（chinatimes.net.cn）记者刘佳 北京报道 又一"银行系"信托公司迎来新任董事长！ 10月13日，国家金融监督管理总局上海监管局对外发布批复文件，浦发银行党委委员、副行长崔炳文获 任上海国际信托有限公司（下称：上海信托）董事、董事长一职。 这意味着管理资产规模近万亿元的老牌"银行系"信托公司终于迎来战略掌舵者。 多位业内人士看来，在信托行业"回归本源、强化风控"的监管重构关键期，由浦发银行核心高管直接执 掌信托板块，既是股东方强化战略整合的明确信号，也折射出银行系信托依托母公司资源破解转型难题 的行业新路径。 掌舵者系银行系老将 公开履历显示，崔炳文的职业生涯始于工商银行天津分行，从津西支行副行长到东丽支行副行长，其基 层支行的管理经历为其奠定了扎实的业务根基。 在金乐函数分析师廖鹤凯看来，信托公司高管调整本质上反映出行业进入发展新时期后，对管理者能力 提出了全新要求。他在接受《华夏时报》记者采访时曾表示，一系列人事变动的核心目标就是通过优化 高管团队，进一步提升信托公司的经营质效、强化服务实体经济的能力，并加速推动行业回归信托本 源，最终实现整个信托业发展的提质增效。 与母行协同的机遇与挑 ...

Core Viewpoint - China Mobile has increased its stake in Shanghai Pudong Development Bank (SPDB) from 17% to 18.18% by converting approximately 563.1 million convertible bonds into ordinary shares, which is beneficial for both parties as it strengthens SPDB's core tier one capital and alleviates the repayment pressure of the convertible bonds due on October 27 [1][2][6]. Group 1: Shareholding Changes - China Mobile's shareholding increased from 17% to 18.18%, reaching a significant integer threshold [2][5]. - The conversion involved approximately 4.5 billion shares, reflecting a strategic move to enhance capital structure [2][6]. Group 2: Financial Implications - The conversion of convertible bonds into shares will allow SPDB to improve its core tier one capital adequacy ratio, which is currently at 8.91%, and could potentially increase to 9.39% if all bonds are converted [7][8]. - As of September 30, 2023, approximately 245.72 billion yuan of the 500 billion yuan convertible bonds issued remain unconverted, representing about 49.14% of the total [6][8]. Group 3: Market Reactions - Following the announcement of the bond conversion, SPDB's stock price rose by 5.66% to 12.51 yuan per share, aligning with the adjusted conversion price [6][7]. - The stock price continued to rise, closing at 13.17 yuan per share on October 15, indicating positive market sentiment towards the bank's capital management strategy [6][7]. Group 4: Support from Other Investors - Other asset management companies, such as Cinda Investment and Orient Asset, have also increased their stakes in SPDB through similar convertible bond conversions, reinforcing the notion of SPDB as a "white knight" in the market [1][11][13]. - Cinda Investment converted approximately 1.18 billion convertible bonds into shares, increasing its stake to 3.03% [11][14].

其中，发行机构有4家，分别是金元证券、万和证券、汇百川基金、鹏安基金；销售机构有2家，分别是兴业银行海口分行、上海浦发银行海口分行。 上证报中国证券网讯（记者 何漪）10月15日，海南证监局发布《海南自由贸易港跨境资产管理试点业务试点机构备案公告》。公告显示，10月14日，金元 证券、万和证券、汇百川基金、鹏安基金、兴业银行海口分行、上海浦发银行海口分行已完成从事海南自由贸易港跨境资产管理试点业务备案。 | 序号 | 试点机构名称 | 备案类型 | 统一社会信用代码 | 备案时间 | | --- | --- | --- | --- | --- | | 1 | 金元证券股份有限公司 | 发行机构 | 91460000742550597A | 2025年10月14日 | | 2 | 万和证券股份有限公司 | 发行机构 | 91460000730071003K | 2025年10月14日 | | 3 | 汇目川童令复锤有限公司 | 发行机构 | 91460100MAA9AHB71M | 2025年10月14日 | | 4 | 鹏安其金管理有限公司 | 发行机构 | 91460000MAD9BE4029 | 2025 ...

距离浦发银行500亿元可转债到期兑付和摘牌仅剩约一周时间，市场对其转股和兑付情况持续关注。10 月13日，浦发银行发布公告称，收到中国移动通信集团广东有限公司通知，当日将持有的5631万张浦发 转债按每股12.51元转为普通股4.5亿股，转股完成后，中国移动持股比例由17.00%提升至18.18%，实现 整数倍增持。 回顾今年情况，今年6月，信达证券管理的信丰1号单一资产管理计划将约1.18亿张浦发转债转为普通 股，占发行总量的23.57%，成为浦发银行前十大股东之一。9月30日，浦发银行公告称，东方资产及其 一致行动人通过二级市场购入普通股并将可转债转股后，持股比例达到3.44%，成为第五大股东。由 此，市场关注的主要机构增持动作已基本完成。 10月13日晚，浦发银行发布《关于持股5%以上股东权益变动触及1%刻度的提示性公告》。公告称，本 次权益变动属于增持，不触及要约收购，不会导致公司第一大股东发生变化。 此次获得中国移动增持后，部分机构认为浦发银行转债兑付压力可能减轻。浙商证券银行业分析师梁凤 洁指出，东方资产增持后，浦发银行股价不确定性下降。预计本次可转债转股大部分由主要股东完成， 市场潜在卖压小于预 ...

中证报中证网讯（记者 黄一灵）10月15日，上证科创板创新成长策略精选指数发布。 此前，浦发银行子公司浦银理财也已发布融入"科技五力模型"的科技主题理财产品，重点挖掘科技企业 债券资产的投资价值。随着此次科创成长精选指数的推出，浦发银行实现了从债券市场到股权市场的跨 越，形成"科创债+科创板"协同发力的创新格局。 浦发银行表示，上证科创板创新成长策略精选指数及相关金融产品的推出，是"指数引导投资、投资支 撑企业、企业强化创新"这一良性循环的有益实践。未来，浦发银行将积极创新，为夯实国家战略科技 力量、促进经济高质量发展注入金融动力。 据介绍，该指数由浦发银行（600000）参与编制，从科创板各行业上市公司中，选取80只科技创新能力 较强、成长性较好的上市公司证券作为指数样本，包含市值、基本面、研发能力、盈利实力等因子，更 融入浦发银行自主研发的"科技五力模型"综合评价体系作为关键选样因子，打破仅根据财务数据单一指 标的局限，科学系统整合"科技创新、团队实力、股权能力"等多维度信息构建企业画像，使得样本证券 更具创新成色与成长活力。最新一期样本显示，半导体、医疗器械、化学制药为该指数前三大权重板 块，权重合计占 ...

上海信托主要从事资产管理、家族及财富管理业务，为高净值客户提供专业的理财方案与服务，业 务领域主要涵盖股权债权融资、证券投资、另类投资、工商受托、公益信托、投行服务、家族传承等范 围，是目前国内信托行业业务品种齐全、产品服务体系完备的专业投资机构之一。 据悉，上海信托成立于1981年，是国内最早成立的信托公司之一，公司注册资本50亿元。公司共有 三家股东，其中控股股东浦发银行持股97.33%。 上海国际信托有限公司（下称"上海信托"）新董事长正式落定。国家金融监督管理总局上海监管局 网站近日公布相关批复，核准崔炳文上海国际信托有限公司董事、董事长的任职资格。 资料显示，崔炳文，男，1969年出生，博士研究生，高级经济师。现任上海浦东发展银行党委委 员、副行长、总法律顾问。崔炳文拥有丰富的金融行业管理经验，曾任中国工商银行天津分行津西支行 副行长、东丽支行副行长（主持工作）；上海浦东发展银行天津分行人力资源部负责人，公司金融部总 经理，天津分行党组成员、行长助理，天津分行党委委员、副行长，天津分行党委书记、行长，北京分 行党委书记、行长兼总行集团客户部总经理、总行金融市场部（北京）总经理。 ...

Core Viewpoint - Rongchang Biologics (09995.HK) has entered into an agreement with Pudong Development Bank Yantai Branch to invest a total of RMB 5 billion in wealth management products, utilizing both idle self-owned funds and raised funds [1] Group 1 - The company will invest RMB 4 billion of idle self-owned funds in wealth management products [1] - The company will also invest RMB 1 billion of idle raised funds in wealth management products [1]