此外，"消保宣讲团"主动走进代发企业（如信阳职业技术学院附属医院），针对员工需求提供"工资卡 服务+金融科普"融合方案。结合真实案例，深入浅出讲解非法集资特征与识别方法，引导员工树立理 性投资观，有效提升员工防范能力。 浦发银行郑州分行"普及金融知识万里行"活动，通过"精准聚焦+创新形式+深入基层"的组合拳，成功将 金融安全教育从"被动接受"升级为"主动守护"，显著提升了重点群体的风险识别与防范能力。 浦发银行郑州分行深刻把握"金融为民"本质，针对"一老一少一新"（老年群体、青少年群体、新市民群 体）等金融知识相对薄弱、风险防范意识亟待提升的重点人群，精准"量体裁衣"。 活动紧扣"保障客户权益，乐享安心生活"主题，围绕金融消费者八项基本权利、防范养老诈骗、识别非 法集资、警惕非法金融中介、保护个人信息安全等社会热点与风险高发领域，精心制作图文展板、折页 手册及原创视频，重点普及核心安全知识，确保宣教内容"听得懂、记得住、用得上"。 同时，浦发银行郑州分行辖属网点依托厅堂宣传阵地，设立"金融知识宣传区"，通过电子屏滚动标语、 播放原创反诈视频、布放宣传资料营造浓厚氛围。创新设置"反诈知识问答区""反诈套圈墙"等 ...

Core Viewpoint - The annual shareholder meeting of Shanghai Pudong Development Bank (SPDB) was held on June 27, 2024, where key executives presented reports and discussed the bank's performance and future strategies [1][2][3]. Group 1: Shareholder Meeting Highlights - The meeting reviewed 11 proposals, including the 2024 board work report, financial statements, profit distribution plans, and amendments to the company's articles of association [3][4]. - All proposals presented at the meeting were approved by the shareholders [4]. Group 2: Market Performance - As of December 31, 2024, SPDB's stock closed at 10.29 CNY per share, reflecting a 61.14% increase over the year, with a total market capitalization of 302 billion CNY, up 107.7 billion CNY from the beginning of the year [5]. - By June 27, 2024, the stock price reached 13.55 CNY per share, with a turnover rate of 0.49%, and the latest market capitalization was approximately 400 billion CNY [6]. Group 3: Shareholder Expectations - During the meeting, shareholders expressed optimism about the bank's stock performance and suggested the redemption of preferred shares and issuance of perpetual bonds [7]. - The bank's management acknowledged the importance of shareholder feedback and emphasized the need for ongoing communication [8][11]. Group 4: Strategic Insights - The bank's executives discussed the implementation of a digital strategy, highlighting three key concepts: "recognition," "sustainable development," and "momentum" [12]. - SPDB aims to leverage its traditional advantages in the Yangtze River Delta and has already begun to invest in artificial intelligence for future growth [12]. - The management expressed satisfaction with the current performance but emphasized the need for continuous improvement to meet shareholder expectations [12]. Group 5: Risk Management - The bank's executives addressed the importance of compliance and risk management, noting a shift in shareholder feedback from criticism to encouragement [10]. - The management team feels a heightened sense of responsibility towards risk compliance and is committed to maintaining a strong compliance culture [10]. Group 6: Future Outlook - The bank's development is closely linked to the construction of a distinctive financial system in China and the establishment of Shanghai as a financial center [13]. - The management aims to navigate uncertainties while seeking opportunities for growth [13].

Group 1 - The banking sector has shown strong performance due to continuous inflow of incremental funds, with the banking index rising by 41.2% since Q2 2023, significantly outperforming the overall market which only increased by 3.9% [13][9][11] - The "national team" liquidity support has been a key factor, with an estimated net inflow of 1,043.5 billion yuan into banking stocks from ETFs since 2024, representing 3.2% of the current free float market value of banks [13][9][11] - Long-term capital from insurance funds continues to flow into the banking sector, which is characterized by large market capitalization, stable earnings, and high dividend yields, making it attractive to investors [13][9][11] Group 2 - The financial industry's value added as a percentage of GDP has been steadily increasing, reaching 7.29% in Q1 2025 [11][29] - The net profit growth of banks has been more stable, with a year-on-year increase of 0.5% in 2024 compared to a decline of 14.5% for non-financial A-shares, and banks accounted for 40.6% of total A-share net profits [11][29] - The core Tier 1 capital adequacy ratio of commercial banks reached a historical high of 11.0% in Q4 2024, indicating robust solvency [11][29] Group 3 - The banking sector's profitability remains resilient, with the net interest margin showing relative stability during the interest rate decline cycle, decreasing from 1.74% to 1.43% [11][30] - The dividend yield for banks remains high at 5.4% as of June 20, 2025, while other dividend-paying sectors have seen declines in their yields [11][30] - The overall credit cost for banks is expected to remain stable, with the net generation rate of non-performing loans anticipated to fluctuate at low levels [12][30] Group 4 - The outlook for banking operations indicates reduced pressure on core revenue growth, with credit costs expected to stabilize [12][30] - The banking sector's return on equity (ROE) is projected to remain above 9%, with a theoretical bottom line ROE of 8.5% [12][30] - The banking sector is expected to continue to outperform private enterprises as creditors in a low-price environment, benefiting from the relative strength of their balance sheets [10][29]

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The "Everbright Convertible Bond" model reappears. The maturity repayment pressure of the "Pufa Convertible Bond" has decreased, and the allocation difficulty of bank convertible bonds has further increased. Mid - large - cap high - quality convertible bonds are expected to benefit from the spillover of "fixed income +" fund allocation demand [11]. - The current A - share market valuation is recovering. The domestic economic fundamentals and capital market may gradually start a weak resonance. Considering the influence of refinancing policies, the subsequent issuance pressure of convertible bonds is not expected to be high. However, as the stock market warms up, the inflow of incremental funds into convertible bonds drives the valuation to a historical high, and attention should be paid to the risk of valuation correction. In terms of terms, continue to pay attention to the downward revision game space, be vigilant against the forced redemption risk, and appropriately pay attention to the short - term game opportunities of near - maturity convertible bonds [12]. 3. Summary According to the Directory 3.1. Convertible Bond Weekly Special Topic and Outlook 3.1.1. The Reappearance of the "Everbright Convertible Bond" Model - Qilu Bank announced that the "Qilu Convertible Bond" is expected to trigger redemption. From June 24th to June 26th, Qilu Bank's stock price closed above the redemption price line for three consecutive days, only two trading days away from triggering redemption [10]. - As of June 25th, Xinfeng No. 1 single asset management plan under Cinda Securities increased its holdings of Pufa Bank's convertible bonds, and then transferred them to Cinda Investment on June 26th. On June 27th, the scale of the "Pufa Convertible Bond" decreased, and its conversion premium rate remained around 7%. Similar operations were carried out on the "Everbright Convertible Bond" before its maturity, which greatly alleviated the maturity repayment pressure. As of June 27th, the remaining scale of the Pufa Convertible Bond was 38.211 billion yuan, and its maturity repayment pressure decreased [11]. 3.1.2. Weekly Review and Market Outlook - This week, the market generally rose, with high trading enthusiasm. From Monday to Wednesday, most Shenwan industries rose, with the non - banking sector leading and the TMT and mid - stream manufacturing sectors having relatively high increases. On Thursday, the market had a narrow - range correction, and on Friday, it showed a volatile trend, with the banking sector leading the decline [12]. - In the stock market outlook, the current A - share market valuation is recovering. The rebound of export orders drove a narrow - range recovery of the May PMI. Policies such as large - scale equipment renewal and consumer goods trade - in are expected to boost domestic demand, but the export growth rate may decline. For convertible bonds, the subsequent issuance pressure is not expected to be high. Pay attention to the risk of valuation correction, the downward revision game space, forced redemption risk, and short - term game opportunities of near - maturity convertible bonds. Industries to focus on include hot topics, domestic demand directions, central state - owned enterprises represented by "central - headed" stocks, and the military industry [12][13]. 3.2. Weekly Tracking of the Convertible Bond Market 3.2.1. The Equity Market Rose, with TMT, Military, and Non - Banking Sectors Leading - This week, major equity market indices rose. The Wind All - A Index rose 3.56%, the Shanghai Composite Index rose 1.91%, the Shenzhen Component Index rose 3.73%, and the ChiNext Index rose 5.69%. The market style was more inclined to small - cap value. Among small - cap indices, the CSI 1000 Index rose 4.62%, and the STAR 50 Index rose 3.17% [17]. - Twenty - eight Shenwan industry indices rose, and three industries declined. The computer, national defense and military, and non - banking finance industries led the market with increases of 7.70%, 6.90%, and 6.66% respectively. The petroleum and petrochemical, food and beverage, and transportation industries were among the top three decliners, with declines of 2.07%, 0.88%, and 0.24% respectively [19]. 3.2.2. The Convertible Bond Market Rose Significantly, and the Premium Rate of 100 - Yuan Par Value Increased Significantly - This week, the convertible bond market rose. The CSI Convertible Bond Index rose 2.08%, the Shanghai Convertible Bond Index rose 1.94%, and the Shenzhen Convertible Bond Index rose 2.30%. The Wind Convertible Bond Equal - Weighted Index rose 2.57%, and the Wind Convertible Bond Weighted Index rose 2.03%. The average daily trading volume of convertible bonds decreased compared with last week [21]. - At the industry level, 29 convertible bond industries rose, with the communication, national defense and military, and automobile industries leading the gains with increases of 4.59%, 4.22%, and 3.54% respectively. The public utilities, banking, and food and beverage industries had relatively weak increases. Most individual convertible bonds rose. In terms of price, the number of low - priced convertible bonds decreased, and the median price of convertible bonds rose. The weighted conversion value of the whole market increased, and the premium rate decreased [27][33][35]. 3.2.3. High - Frequency Tracking of Different Types of Convertible Bonds 3.2.3.1. Classification Valuation Changes - This week, the valuations of equity - biased and balanced convertible bonds increased significantly. Only the valuations of convertible bonds with a par value of 80 - 90 yuan decreased, while the valuations of other par - value convertible bonds increased. The valuations of AAA - rated convertible bonds increased, the conversion premium rates of A - and below - rated convertible bonds decreased significantly, and the valuations of other rated convertible bonds decreased slightly. The valuations of large - cap convertible bonds increased, while the valuations of convertible bonds in other scale brackets decreased [44]. 3.2.3.2. Market Index Performance - This week, convertible bonds of all ratings rose. Since 2023, AAA convertible bonds have recorded a 17.14% return, AA + convertible bonds a 3.39% return, AA convertible bonds a 6.95% return, AA - convertible bonds a 14.45% return, A + convertible bonds a 17.04% return, and A - and below - rated convertible bonds a 22.36% return. Historically, high - rated AAA convertible bonds have shown stable performance, while low - rated convertible bonds have shown weaker downside resistance and greater rebound strength [53]. - This week, convertible bonds of all scales rose. Since 2023, small - cap convertible bonds have recorded a 16.74% return, small - medium - cap convertible bonds a 16.09% return, medium - cap convertible bonds an 11.65% return, and large - cap convertible bonds a 12.43% return [55]. 3.3. Convertible Bond Supply and Terms Tracking 3.3.1. This Week's Primary Plan Issuance - There were no newly listed convertible bonds this week, and the total amount of convertible bonds awaiting listing was 7.154 billion yuan. Among them, the Bo 25 Convertible Bond (with a scale of 2.802 billion yuan) was announced to be issued on July 1st, and there were 6 issued but unlisted convertible bonds. The number of primary approvals this week was 10. Kaizhong Co., Ltd. (308 million yuan) was approved for registration, and 4 convertible bonds were accepted by the exchange [58]. - From the beginning of 2023 to June 27, 2025, the total number of planned convertible bonds was 88, with a total scale of 143.652 billion yuan. Among them, 13 convertible bonds passed the board of directors' proposal with a total scale of 17.632 billion yuan; 42 convertible bonds passed the general meeting of shareholders with a total scale of 67.203 billion yuan; 25 convertible bonds were accepted by the exchange with a total scale of 46.437 billion yuan; 3 convertible bonds passed the review committee with a total scale of 26.20 billion yuan; and 5 convertible bonds were approved for registration by the CSRC with a total scale of 9.76 billion yuan [59]. 3.3.2. Downward Revision and Redemption Clauses - As of June 28, 2025, 14 convertible bonds announced that they were expected to trigger downward revision; 7 convertible bonds announced that they would not be downward - revised, among which Kewotong Convertible Bond, Tianjian Convertible Bond, and Weil Convertible Bond announced that they would not be downward - revised within 6 months; 1 convertible bond (Shanshi Convertible Bond) announced a proposed downward revision; 1 convertible bond (Jiangong Convertible Bond) announced the result of downward revision, with the downward revision reaching the bottom price [64][65]. - Five convertible bonds announced that they were expected to trigger redemption; 2 convertible bonds announced that they would not be redeemed; 4 convertible bonds (Huafeng Convertible Bond, Guansheng Convertible Bond, Jinling Convertible Bond, and Chuanheng Convertible Bond) announced early redemption. As of the end of this week, there were 3 convertible bonds still in the put option declaration period and 24 convertible bonds still in the company's capital reduction repayment declaration period [68].

Investment Rating - The report maintains an "Overweight" rating for the banking sector, indicating a positive outlook for bank stocks despite recent short-term corrections [4]. Core Insights - The banking sector is expected to maintain its performance due to the relative advantage of dividend yields, stable earnings, and predictable dividends. The average dividend yield for major state-owned banks is 4.07%, with a significant spread of 2.42% over the 10-year government bond yield, placing it in the 49.10th percentile over the past decade [1][17]. - The report highlights that the insurance sector is likely to increase its allocation to high-dividend bank stocks, especially with anticipated reductions in preset interest rates for insurance products [1]. - The report anticipates a stable profit growth for banks, with a projected profit growth rate of 2.35% for listed banks in 2024, supported by substantial unrealized gains from self-owned bonds and a robust provisioning coverage ratio of 238% as of Q1 2025 [3][7]. Summary by Sections Section 1: Market Performance - The banking index experienced a nearly 3% decline on June 27, 2025, but the overall market sentiment remains positive due to the sector's dividend yield advantages and stable earnings [1]. Section 2: Fund Flows - Since the beginning of 2025, southbound funds have significantly increased their allocation to Hong Kong bank stocks, with a net inflow of approximately 680 billion yuan, of which 146.2 billion yuan is directed towards bank stocks [2]. Section 3: Earnings Stability - Historical data indicates that the banking sector has low earnings volatility, with profits showing stable positive growth. The report emphasizes the importance of unrealized gains from bond investments and strong provisioning as key factors supporting profit stability [3][7][8]. Section 4: Sector Outlook - The report suggests that while short-term export impacts may arise from tariff policies, long-term domestic policies aimed at stabilizing the real estate market and boosting consumption will benefit the banking sector. Specific banks such as Ningbo Bank, Postal Savings Bank, and China Merchants Bank are highlighted as potential investment opportunities [9]. Section 5: Key Data Tracking - The report includes various financial metrics, such as the average daily trading volume of stocks at 14,868.42 billion yuan and a margin balance of 1.83 trillion yuan, indicating active market engagement [10].

Core Viewpoint - The article highlights the recognition of the Pudong Development Bank Haikou Binhai Avenue Branch as a national civilized unit, emphasizing its commitment to integrating business development with spiritual civilization construction, thereby contributing to the modernization of Hainan [1][3]. Group 1: Civilized Unit Recognition - The Pudong Development Bank Haikou Binhai Avenue Branch has been awarded the title of a national civilized unit, reflecting its long-term dedication to promoting socialist core values and enhancing both business and spiritual development [1][3]. Group 2: Business Development and Innovation - The branch has successfully implemented various financial innovations, including the first EF account overseas loan in Hainan and the first Singapore low-sulfur fuel oil commodity transaction, supporting Chinese enterprises in international markets [4]. - The branch has exceeded its annual targets for inclusive finance by 200%, significantly contributing to the growth of small and micro enterprises in the region [4]. Group 3: Community Engagement and Services - The branch has established various community-focused services, such as the "Respect for the Elderly" service area and "Warm Station" for outdoor workers, demonstrating its commitment to social responsibility and community welfare [5]. - Initiatives like the "Puyiyinsheng" elderly financial service studio aim to meet the diverse needs of the aging population, showcasing the branch's focus on the silver economy [5]. Group 4: Employee Development and Culture - The branch emphasizes talent cultivation through activities like labor competitions and educational programs, enhancing employee skills and fostering a positive workplace culture [7]. - The establishment of reading corners and fitness activities contributes to employee well-being, increasing their sense of belonging and job satisfaction [7]. Group 5: Social Responsibility and Public Welfare - The branch actively participates in community service, including traffic civility campaigns and support for small businesses during the pandemic, reflecting its commitment to social responsibility [8]. - During natural disasters, the branch has provided assistance to affected residents, reinforcing its role in community support and disaster relief efforts [8].

Core Viewpoint - The event highlighted the importance of technology finance as a key driver for high-quality economic development, with the bank committing to deepen its focus on technology finance as part of its digital strategy [1][2] Group 1: Technology Finance Strategy - The bank aims to become the most knowledgeable innovation bank and technology bank, understanding policies, technology, and entrepreneurs' needs [1] - The upgraded technology finance brand is intended to create a comprehensive service model that connects banks and technology companies effectively [1] Group 2: Financial Ecosystem Development - The bank expressed its determination to be not just a provider of funds but also a co-builder of the innovation ecosystem in Jiangxi [2] - The establishment of a technology finance alliance with various partners signifies the creation of a financial ecosystem in Jiangxi that promotes resource sharing and mutual benefits [2] Group 3: Comprehensive Financial Services - The technology finance service system 2.0 focuses on providing full lifecycle and comprehensive financial services tailored to technology enterprises [2] - The bank aims to continuously provide patient, bold, and long-term capital to support technological innovation in Jiangxi [2]

上海市联合律师事务所 关 于 上海浦东发展银行股份有限公司 二〇二四年年度股东会 之 法律意见书 致:上海浦东发展银行股份有限公司 根据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人民共和国 证券法》及《上市公司股东会规则》(以下简称"《股东会规则》")等现行法律、 法规、规范性文件及《上海浦东发展银行股份有限公司章程》(以下简称"《公司 章程》"）的有关规定,上海市联合律师事务所(以下简称"本所")接受上海浦 东发展银行股份有限公司(以下简称"公司")之委托,就公司本次 2024年年度 股东会(以下称"本次股东会")的召开出具本法律意见书。 本所律师根据法律法规的要求,按照律师行业公认的业务标准、道德规范和 勤勉尽责的精神,对公司本次股东会的相关文件和事实进行了审核,并见证了本 次股东会的会议过程,现出具法律意见如下: í 股东会的召集、召开程序 1. 本次股东会是由公司董事会召集,公司董事会于 2025年 6 月 6 日召开 2025 年第四次会议审议通过《公司关于召开 2024年年度股东会的议案》。 2. 公司于 2025年 6月 7 日在上海证券交易所网站(www.sse.com.cn) ...

证券代码：600000 证券简称：浦发银行 公告编号：临 2025-032 优先股代码：360003 360008 优先股简称：浦发优 1 浦发优 2 转债代码：110059 转债简称：浦发转债 上海浦东发展银行股份有限公司 2024年年度股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 1、出席会议的股东和代理人人数 | 1,173 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 16,628,553,514 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 56.6516 | | 份总数的比例（%） | | 重要内容提示： 注：出席会议的股东包括出席现场会议的股东及通过网络投票出席会议的股东。 本次会议是否有否决议案：无 一、 会议召开和出席情况 (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 1 (一) 股东会召开的时间：2025 年 6 月 27 日 (二) 股东会召开的地点：上海市莲花路 1688 号 (三) 出席会议 ...

公告编号：临2025-034 证券代码：600000 证券简称：浦发银行 优先股代码：360003 360008 优先股简称：浦发优1 浦发优2 转债代码：110059 转债简称：浦发转债 上海浦东发展银行股份有限公司 监事会 2025 年第五次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 4.《公司关于资产损失核销的议案》 同意：8 票 弃权：0 票 反对：0 票 特此公告。 1.《公司关于修订<绿色金融管理办法>的议案》 同意：8 票 弃权：0 票 反对：0 票 2.《公司关于修订<信用风险加权资产计量管理办法>的议案》 同意：8 票 弃权：0 票 反对：0 票 3.《公司关于 2025 年度第一次预期信用损失法模型优化和参数更新的议案》 同意：8 票 弃权：0 票 反对：0 票 上海浦东发展银行股份有限公司（以下简称"公司"）监事会 2025 年第五 次会议于 2025 年 6 月 27 日以书面传签方式召开，会议通知及会议文件于 2025 年 6 月 20 日以电子邮件方式发出。应参加会议监事 8 名， ...