Core Viewpoint - China Mobile has converted 56.31 million shares of SPDB convertible bonds into 450 million ordinary shares at a price of 12.51 yuan per share, increasing its stake in SPDB from 17.00% to 18.18% [1][2] Group 1: Convertible Bond Details - The SPDB convertible bonds were issued in October 2019 with a total scale of 50 billion yuan, set to mature on October 27, 2025 [3][4] - As of October 14, 2023, the remaining unconverted balance of SPDB convertible bonds is 15.278 billion yuan, accounting for 30.56% of the total issuance [2][3] Group 2: Impact on Capital Adequacy - The conversion of convertible bonds is crucial for SPDB to enhance its core Tier 1 capital, which is essential for supporting the real economy [4][5] - If all convertible bonds are converted, the core Tier 1 capital adequacy ratio could increase from 8.91% to 9.39%, strengthening SPDB's capital position [5] Group 3: Market Dynamics and Investor Considerations - The current conversion premium for SPDB convertible bonds is 8.10%, indicating that converting may not be favorable for ordinary investors at this time [6][7] - Historical trends show that banks often face premium conversions as they approach maturity, primarily to bolster core Tier 1 capital [7][8] Group 4: Shareholder Influence - Existing shareholders, such as China Cinda and Oriental Asset, have already increased their stakes in SPDB, which may encourage further conversions of convertible bonds [5][8] - The high qualification requirements for major shareholders in commercial banks may provide an advantage for existing shareholders in promoting the conversion of SPDB convertible bonds [9]

从资金流向上来看，当日股份制银行板块主力资金净流入1.92亿元，游资资金净流入4288.04万元，散户 资金净流出2.35亿元。股份制银行板块个股资金流向见下表： 证券之星消息，10月15日股份制银行板块较上一交易日上涨0.72%，浦发银行领涨。当日上证指数报收 于3912.21，上涨1.22%。深证成指报收于13118.75，上涨1.73%。股份制银行板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600000 | 浦发银行 | 13.17 | 3.13% | 122.63万 | 15.92 Z | | 000001 | 平安银行 | 11.40 | 0.62% | 127.11万 | 14.43亿 | | 600015 | 华夏银行 | 6.78 | 0.59% | 120.30万 | 8.11亿 | | 601818 | 光大银行 | 3.44 | 0.58% | 374.64万 | 12.82亿 | | 600036 | 招商银行 | 41.50 | 0.58% | ...

成长风格指数创新也是浦银安盛基金作为"全球科创家"、"指数家"的专业特色。近年来，浦银安盛基金 瞄准科技创新和指数投资的时代风口，推进战略转型升级，打造"全球科创家"、"指数家"等核心子品 牌，"全球科创家"已形成覆盖海外科技、港股科技与国内细分科技赛道的系列化产品布局，构建起"A 股+港股+美股"的全球科技投资版图。"指数家"则聚焦量化与指数投资，在覆盖大盘与宽基指数基础 上，重点发力科创领域，布局多只创业板、科创板旗舰指数产品。同时利用AI技术赋能模型，实施有 效捕捉信息，使得指数策略贴合市场趋势，实现"透明、稳定、可复制"的增强效果，力求满足投资者更 丰富的投资及配置需求。 集团协同 科技创新引领高质量发展 在科技金融作为金融"五篇大文章"开篇之作的战略引领下，科技创新日益成为构建现代金融体系、服务 国家战略的核心驱动力。浦发银行将科技金融作为"数智化"战略主赛道，助力新质生产力发展。本次发 布的上证科创板创新成长策略精选指数从科创板各行业上市公司中，精选80只科技创新含量高、研发投 入大且盈利表现好的证券作为样本。它并非简单的规模指数，而是一只策略型指数，除了市值、基本面 等传统因子，指数样本兼顾了研 ...

中国经济网北京10月15日讯 上海市通信管理局微信公众号"上海通信圈"10日发布消息《上海市通信管 理局关于侵害用户权益行为APP的通报（2025年第七批）》。近期，上海市通信管理局组织第三方检测 机构对上海市APP（SDK）进行抽查，共发现27款APP（SDK）存在侵害用户权益行为（详见附件）， 现予以通报。 上述APP（SDK）应对存在的问题立即整改，并对该APP（SDK）个人信息和用户权益保护工作开展全 面自评估，自通报之日起5个工作日内将整改报告和自评估报告书面报送我局。对未能在限期内完成整 改并提交报告的，上海市通信管理局将依法依规予以处理。 其中，光证科技e站（应用来源：微信，ICP备案号：沪ICP备05002317号-16X）所涉问题为未明示个人 信息处理规则，该应用ICP备案主体为光大证券股份有限公司。 浦发银行电商站通（应用来源：微信，ICP备案号：沪ICP备05022859号-51X）、浦发交易银行数智化 企业E+（应用来源：微信，ICP备案号：沪ICP备05022859号-20X）、浦惠来了（应用来源：微信，ICP 备案号：沪ICP备05022859号-52X）所涉问题为未明示个人信息处 ...

转自：推广 金秋时节，浦发银行宁波分行积极响应中国人民银行号召，在全辖范围内启动以"金融标准 为民利企"为主题的系列宣传活动。活动通过多样化的宣传教育 形式，推动金融服务标准落地，切实提升公众金融安全意识与货币反假能力。 筑牢厅堂阵地，普及人民币知识 为极响应监管要求，践行金融为民的服务理念，浦发银行宁波分行营业部北仑支行、江东支行等机构主动走进开户企业，开展"金融标准 为民利企"主题宣 讲，为企业员工系统介绍《人民币纸币和硬币评级规范》，推动金融标准融入日常经营。活动累计发放宣传折页380余份，有效强化了企业员工的金融规范 意识。 前洋支行、小港支行、奉化支行等将宣传重点放在周边广场及小超市、商铺等，面向商户店员普及人民币纸币与硬币相关常识，增强其假币识别与风险防范 能力。广场宣传共发放折页230份，助力营造安全、健康的现金使用环境。 覆盖广场商圈，营造健康环境 各支行积极利用网点主阵地，通过LED屏滚动播放宣传标语、发放折页、现场讲解等方式，向客户普及《人民币纸币和硬币评级规范》知识。下应支行开 展"小小银行家"反假知识学习活动，通过实物展示与互动讲解，帮助孩子们认识人民币防伪特征；鄞东支行则开设"老年人 ...

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]. Group 1: Convertible Bond Conversion - On October 13, SPDB announced that China Mobile converted 56.31 million convertible bonds into 450 million shares, increasing its stake from 17.00% to 18.18% [2]. - As of now, approximately 37% of the convertible bonds, amounting to about 18.6 billion yuan, remain unconverted, with a conversion premium of around 8% [3][4]. - The probability of achieving full conversion before the redemption deadline appears low, given the current stock price and the remaining unconverted bonds [3][4]. Group 2: Market Impact and Stock Performance - SPDB's stock price saw a significant increase, rising 5.66% to 12.51 yuan per share on October 13, followed by a further 2.08% increase to 12.77 yuan on October 14 [3]. - The conversion price of 12.51 yuan aligns with the adjusted conversion price of the convertible bonds, indicating a critical threshold for conversion [3][6]. Group 3: Capital Adequacy Concerns - If the remaining 18.6 billion yuan in convertible bonds are not converted, SPDB will need to make cash payouts, which could negatively impact its capital adequacy ratios [4][5]. - SPDB's core Tier 1 capital adequacy ratio is currently at 8.51%, which is close to regulatory limits, making the conversion of bonds crucial for maintaining capital levels [5]. Group 4: Broader Market Trends - The convertible bond market is experiencing a significant contraction, with 121 bonds successfully delisted since 2025, indicating a trend of diminishing bank-related convertible bonds [7][8]. - Despite the increase in new bond issuance, the overall market size is expected to remain below 600 billion yuan due to the lack of large-scale bank issuances [8][9]. Group 5: Future Issuance Outlook - The issuance of new convertible bonds is expected to stabilize but not accelerate, primarily driven by non-bank enterprises, particularly in high-tech sectors [10]. - Regulatory encouragement for banks to supplement capital through various channels, including convertible bonds, suggests a potential for renewed issuance in the near future [10].

Group 1 - The A-share market experienced a significant shift on October 14, with technology stocks adjusting while the banking sector gained momentum, highlighted by a 2.41% increase in the "billion-level top flow" bank ETF (512800) [1] - China Mobile converted 56.31 million convertible bonds into 450 million ordinary shares of Shanghai Pudong Development Bank (SPDB), increasing its shareholding from 17.00% to 18.18% as of October 13 [1] - As of the end of June, China Mobile held a total of 90.85 million SPDB convertible bonds, indicating that there are still some convertible bonds that have not been converted [1] Group 2 - Since September of last year, the A-share banking sector has rapidly risen, with several banks' convertible bonds triggering strong redemption and conversion, including Chengdu Bank and Suzhou Bank [2] - SPDB's convertible bonds are set to be delisted from the Shanghai Stock Exchange on October 28 [2]

21世纪经济报道记者 余纪昕 10月13日，国家金融监督管理总局上海监管局公布相关批复，核准崔炳文上海国际信托有限公司（下称"上海信托"）董事、董事长的任职资格。 上海国际信托董事长落定 上海信托成立于1981年，是国内最早成立的信托公司之一，公司注册资本人民币50亿元。公司共有三家股东，其中控股股东浦发银行持股97.3333%。 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 公开资料显示，崔炳文现任浦发银行党委委员、副行长、总法律顾问。他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）。加入浦发银行后，崔炳文历任天津分行人力 回顾此前，据21世纪经济报道记者报道，去年5月初业内有消息称"上海信托董事长或将变动，浦发银行总行风险业务总监兼风险管理部总经理张宝全将接任这一职位"； 上海信托彼时曾回应2 上海信托于今年4月底发布的去年财报显示，2024年12月9日，公司召开第七届董事会第一次会议，选举张宝全担任公司第七届董事会董事长，任期与公司第七届董事会任期一致，经国家 ...

Core Viewpoint - The banking sector has become a focal point in the A-share market, with all 42 listed banks experiencing gains on October 14, driven by defensive capital inflows and improved valuations after a period of correction [1][3]. Group 1: Market Performance - On October 14, all 42 banking stocks rose, with Chongqing Bank and Chongqing Rural Commercial Bank leading the gains at 6.68% and 5.92%, respectively [3]. - Year-to-date, 19 banking stocks have increased over 10%, with Agricultural Bank of China leading at 39.52% [3]. - The banking sector had previously faced a downturn, with 41 banks experiencing declines after reaching their peak prices in July [3][4]. Group 2: Reasons for Recent Performance - The recent rally in banking stocks is attributed to a shift towards defensive investments amid increased market volatility and declining risk appetite among investors [5]. - The sector's previous downturn was influenced by a preference for technology and growth stocks, leading to capital outflows from banks [4][5]. - The "dividend arbitrage" effect, where investors buy before dividends and sell afterward, contributed to the earlier corrections, but this negative impact has largely dissipated [4]. Group 3: Increased Stakeholder Confidence - There has been a notable trend of share buybacks by major shareholders and management in various banks, indicating confidence in the long-term value of banking stocks [6][7]. - For instance, Suzhou Bank reported significant share purchases by its major shareholder and management, reflecting a commitment to the bank's future [6]. - The banking sector's fundamentals remain strong, with a reported total operating income of 2.92 trillion yuan and a net profit of approximately 1.1 trillion yuan for the first half of 2025 [7]. Group 4: Investment Recommendations - Conservative investors are advised to focus on state-owned banks for stable dividends, while those with a moderate risk appetite may consider joint-stock banks for a balance of dividends and growth [8]. - Aggressive investors might look into high-quality city commercial banks to leverage regional economic advantages [8]. - For less experienced investors, ETFs in the banking sector are recommended to capture market trends [8].

记者注意到，今年7月份，崔炳文以浦发银行党委委员、副行长身份出席上海国际信托2025年中工作会 议暨党建工作会议，他在会上对上海国际信托未来发展提出三方面要求。 公开资料显示，崔炳文是一位"银行系"老将，现任浦发银行党委委员、副行长，总法律顾问。他曾任中 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）；在浦发银行的任职资历更为深 厚，职业路径包括：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。 上海国际信托成立于1981年，是国内最早成立的信托公司之一，公司注册资本为人民币50亿元。该公司 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。 从股权结构来看，浦发银行是上海国际信托最大股东，持股比例达97.33%。此外，上海汽车集团股权 投资有限公司和上海新黄浦实业集团股份有限公司分别持股2%和0.67%。 截至2024年 ...