（原标题：数智赋能五大赛道 浦发银行亮相服贸会勾勒高质量发展新图景） 9月10日，2025年中国国际服务贸易交易会在首钢园拉开帷幕。浦发银行携"数智化"战略最新成果与生态伙伴盛装亮相。浦发银行北京分行已连续 五年参加服贸会，服务亮点逐年升级。2021年"浦发绿创"绿色金融服务领跑行业，落地多笔全市场首单、首批业务。2022年紧扣"五子联动"，积 极支持北京市"3个100"重点工程项目、标志性城市更新改造项目落地。2023年对京津冀地区新型基础设施建设、产业升级转移等加强金融支持。 2024年推出"京益求精"科技金融服务体系，打造科技企业获取金融服务的重要入口，发布"浦爱银发"适老特色服务计划，全面提升银发群体服务 质效。 今年，浦发银行北京分行紧扣"数智引领 服贸焕新"主题，通过科技感、沉浸式与互动性的设计，诠释"数智化"战略赋能实体经济的"浦发样本"， 并携手同业及生态伙伴共同打造"生态展中展"，提升科技互动观展体验，为服贸会注入满满数智活力。 "五大赛道"数智跃迁 科技金融、供应链金融、普惠金融、跨境金融、财资金融"五大赛道"是浦发银行贯彻落实金融"五篇大文章"的重要举措，也是数智化战略在业务 层面落地的 ...

近年来，河南省内某法人金融机构凭借优质的产品和服务，在省内市场赢得广泛认可，业绩不断创新 高。该公司持续优化资产配置策略，结合市场行情发行资管产品，相关产品可通过柜台债市场进行资产 配置。 浦发银行郑州分行紧抓柜台债政策机遇，主动对接该金融机构，获悉业务需求后积极响应，迅速组建专 项服务小组，根据企业业务需求量身定制一揽子金融服务方案，协同总行团队加快推进业务进程，成功 落地1000万柜台债交易，精准畅通客户资金投资渠道、丰富资产配置选择。 据了解，浦发银行郑州分行已开立22个柜台债托管账户，业务覆盖银行、券商、信托等金融机构，助力 河南区域柜台债业务扩容增效。 浦发银行郑州分行相关负责人表示。该业务的成功落地是浦发银行郑州分行深耕区域柜台债券交易生态 的关键成果，有效拓宽了河南省柜台债券的应用场景和流转路径，为省内中小金融机构等地方法人机构 参会柜台债投资提供了更灵活的策略选择，有效盘活了区域内债券资产流动性。 展望未来，浦发银行郑州分行将进一步拓展柜台债业务在省内的深度与广度，加强与区域内各类金融机 构的合作，为推进河南省多层次债券市场建设、助力区域经济高质量发展贡献浦发力量。 来源：环球网 2024年， ...

证券之星消息，9月9日股份制银行板块较上一交易日上涨1.04%，浦发银行领涨。当日上证指数报收于 3807.29，下跌0.51%。深证成指报收于12510.6，下跌1.23%。股份制银行板块个股涨跌见下表： 从资金流向上来看，当日股份制银行板块主力资金净流出1.19亿元，游资资金净流出1.78亿元，散户资金 净流入2.97亿元。股份制银行板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600016 民生银行 | | 3824.13万 | 4.58% | -4841.85万 | -5.79% | 1017.72万 | 1.22% | | 601166 兴业银行 | | 3614.65万 | 3.72% | -7918.70万 | -8.16% | 4304.04万 | 4.43% | | 600015 华夏银行 | | 3251.72万 | 9.14% | -2787.07万 | -7.83% ...

Core Viewpoint - Shanghai Pudong Development Bank (SPDB) has demonstrated solid performance in the first half of 2025, focusing on serving the real economy and maintaining a stable growth trajectory, with significant increases in various operational indicators [1][2]. Group 1: Financial Performance - As of the end of June, SPDB's total assets and loans have shown a robust increase, with new loans exceeding 65% of the total loan growth from the previous year [1]. - The bank achieved an operating income of 90.559 billion yuan, reflecting a year-on-year growth of 2.62% [2]. - The net profit attributable to shareholders reached 29.737 billion yuan, indicating a positive trend in the bank's financial health [2]. Group 2: Loan Growth and Strategy - The bank's loan growth is heavily concentrated in the "Five Major Tracks," which accounted for 70% of the new loans, with a significant focus on the Yangtze River Delta region, where loan increments surpassed 50% [1][2]. - SPDB has strategically focused on technology finance, supply chain finance, inclusive finance, cross-border finance, and treasury finance to enhance its differentiated and specialized capabilities [2]. - The total loan amount in the Yangtze River Delta region approached 2 trillion yuan, representing 35% of the bank's total loans, while deposits exceeded 2.5 trillion yuan, marking a nearly 10% increase from the previous year [2]. Group 3: Future Outlook - The bank plans to continue leveraging its strengths in the Shanghai region and align with the city's development goals, particularly in the construction of the "Five Centers" [2]. - SPDB's management believes that the continuous improvement in fundamentals validates the correctness of its strategic path and the sustainability of its development model [2].

此次落地的消费贴息贷款是浦发银行苏州分行积极响应地方政府促消费号召的创新实践。该产品聚焦居 民日常消费需求，覆盖家用汽车、养老生育、教育培训、文化旅游、家居家装、电子产品、健康医疗等 民生领域，通过"政府补贴+银行让利"双重优惠机制，为符合条件的客户提供1%的贴息优惠。 为积极响应国家"扩内需、促消费"战略部署，浦发银行苏州分行迅速行动、精准施策，于9月2日成功落 地苏州分行首笔个人消费贴息贷款。该笔业务通过"财政补贴+银行让利"双轮驱动模式，将政策红利直 接转化为居民消费的"省钱利器"，以金融创新破解民生痛点，助力苏州打造"便民消费圈"，彰显了金融 机构服务实体经济的责任担当。 首笔落地：孝心换新机，贴息惠民生 "本来只是想给父母换部新手机尽份孝心，没想到还能享受贴息优惠，浦发银行的服务太贴心了！"家住 苏州工业园区的金女士成为苏州分行首位消费贴息贷款受益者。近期，金女士通过浦发银行公众号了解 到个人消费贷款贴息政策后，立即向客户经理咨询申请流程。在客户经理的指导下，她通过手机银行一 键发起支用申请，勾选"享受贴息"选项后，系统自动完成利率优惠计算，全程仅耗时5分钟便成功获得 贷款资金。"利率比市场价低了近 ...

来源：环球网 随着消费在驱动国家经济稳健发展的重要性日益突出，激发民众消费热情、促进消费经济蓬勃发展，不 仅是金融机构践行"金融为民"的责任担当，也是推动金融行业高质量发展的关键抓手。 浦发银行郑州分行积极响应国家政策号召，深入洞察民众消费需求新变化，借助数智赋能打造全方 位"消费+金融"生态体系，持续激发市场消费活力，为消费经济蓬勃发展"添砖加瓦"。 融入消费场景，打造特色权益 浦发银行郑州分行持续开展一系列惠民活动，全面打通多元化优惠福利与众多生活消费场景，让民众 在"买买买"过程中收获更多实惠，切实提升"金融惠民"成效，以金融之力撬动更广泛的消费生态，促进 消费市场繁荣发展。 浦发银行郑州分行着力打造以支付绑卡、支付达标、惠老支付为主题的"惠支付"品牌。联合头部平台， 持续开展"月月享十惠""惠享支付日""缤纷绑卡礼""锦绣浦发·惠享支付"等特色促销。2025年以来，该行 紧扣节假日、购物节等热点，推出多个专属优惠重磅活动。同时根据不同重要节点（新春、五一、端 午、节气等），开展各类主题的客户权益活动。 强化信用赋能，需求量身定制 为助力提振消费，浦发银行郑州分行坚持"金融为民"初心，不断加大对消费领域 ...

日前，上海银行发布董事会决议公告称，决定聘任陈雷为上海银行副行长，任期与第六届董事会任期一 致。陈雷担任上海银行副行长的任职资格待中国银行业监督管理机构核准。据公告信息，陈雷曾长期任 职于浦发银行；加入上海银行前，曾任浦发银行总行零售业务部（消费者权益保护部）总经理等职务。 自2020年地方性银行跨区域开展互联网贷款受限后，上海银行零售业务受到明显冲击，近年来承压明 显。据财报，2025年上半年，上海银行零售金融业务收入60.1亿元，同比下降17.8%；税前利润6.7亿 元，同比下降66%。记者注意到，陈雷除具有零售条线管理经历，还曾在浦发银行多地分行任职行长或 副行长。陈雷加盟后，外界对上海银行能否重新激活零售板块，打开上海本土外增长空间等充满好奇。 引入浦发银行"老将" 近日，上海银行发布的董事会决议公告显示，决定聘任陈雷为该行副行长，任期与第六届董事会任期一 致，其任职资格待监管机构核准。 陈雷 据公告信息，陈雷，1978年5月出生，毕业于上海交通大学工商管理专业，工商管理硕士，经济师、政 工师。 与此同时，据财报，2025年上半年，上海银行零售金融业务收入54.7亿元，同比下降19.1%；税前利润 6 ...

Core Insights - Shanghai Pudong Development Bank (SPDB) reported a solid performance in the first half of 2025, with total assets reaching 9.65 trillion yuan, a 1.94% increase from the beginning of the year [1] - The bank's total loans (including bill discounting) amounted to 5.63 trillion yuan, reflecting a growth of 4.51% with an increase of 243.4 billion yuan [1] - The bank's loan increment for the first half of the year exceeded 65% of the total loan increment for the entire previous year, with the "five major tracks" accounting for 70% of new loans [1][2] Group 1: Loan Growth and Strategy - The significant growth in corporate loans is attributed to the bank's focus on key sectors and regions, particularly in technology finance, supply chain finance, inclusive finance, cross-border finance, and treasury finance [2] - SPDB aims to enhance its differentiated and specialized capabilities to provide high-quality financial services to the real economy while optimizing its asset structure [2] - The bank's loan portfolio in the Yangtze River Delta region reached nearly 2 trillion yuan, accounting for 35% of the total loans, with deposits exceeding 2.5 trillion yuan, marking a nearly 10% increase from the previous year [2] Group 2: Financial Performance - In the first half of 2025, SPDB achieved an operating income of 90.559 billion yuan, a year-on-year increase of 2.62%, and a net profit attributable to shareholders of 29.737 billion yuan, up 10.19% [3] - The continuous improvement in fundamentals validates the correctness of the bank's strategic path and the sustainability of its development model [3] - The bank plans to leverage its advantages in Shanghai's "five centers" construction to support economic stabilization and achieve high-quality development in the second half of the year [3]

1. Report Industry Investment Rating - Currently, the report has a phased and clear bullish view on the bond market [1]. 2. Core Viewpoints of the Report - The revenue growth rate of the entire A-share market and the return on 10-year Treasury bonds are relatively consistent, and the economy may have stabilized at a low level in the first half of 2025, but there is still downward pressure [1][4]. - The loan growth rate continues to decline, the proportion of loans on the asset side of banks tends to decrease, and the financial investment proportion of large banks has increased since early 2023 [1]. - The cost rate of interest-bearing liabilities of listed banks has declined quarter by quarter, and it is expected to further decline in the next few years [1]. - The decline in bank liability costs will support the bond yield to oscillate downward, and it is recommended to increase the allocation of government bonds [1]. 3. Summary by Relevant Catalogues 3.1 From the Semi-annual Report of the Entire A-share Market to See the Economic and Bank Operating Pressures - **From the Performance of the Entire A-share Market to See the Economy** - The revenue growth rate of the entire A-share market can reflect the nominal GDP growth rate to a certain extent, and it is more consistent with the return on 10-year Treasury bonds than the nominal GDP growth rate [5][6]. - In the first half of 2025, the revenue growth rate of the entire A-share market was 0.0%, and the net profit growth rate attributable to the parent was 2.4%. The growth rate of the entire A-share market excluding finance, petroleum, and petrochemicals was under pressure, reflecting the large pressure on real - economy growth [4][10]. - **From the Performance of the Bank Sector to See the Economy** - The performance of the banking industry is closely related to the economy. In the past two years, the performance growth of the banking industry has been significantly under pressure, and the net interest margin of commercial banks has continued to decline [13][16]. - As of the second quarter of 2025, the net interest margin of commercial banks was 1.42%, a record low, and the average net interest margin of various types of listed banks has also decreased significantly [16][18]. - **From the Liabilities of the Entire A-share Market to See the Financing Demand** - Since the first quarter of 2024, the long - term borrowing of the entire A - share market (excluding finance, petroleum, and petrochemicals) has stagnated, reflecting the weak financing demand of market - oriented enterprises [20]. - The social financing growth rate generally leads the nominal GDP growth rate by 1 - 2 quarters, and the social financing growth rate may decline in the next few months [23]. 3.2 What Changes Have Occurred in the Bank's Assets and Liabilities? - **The Loan Growth Rates of Large and Small and Medium - Sized Banks Have Both Declined** - As of the end of July 2025, the balance of RMB loans of financial institutions was 268.5 trillion yuan, with a year - on - year growth rate of 6.9%, the lowest level since the beginning of 2011 [25]. - The growth rate of personal housing loans is under pressure of negative growth, and the loan growth rates of large and small and medium - sized banks have both declined. The proportion of loans of listed banks has tended to decline since the second quarter of 2024 [25][29]. - **The Proportion of Deposits on the Liability Side of Large Banks Has Decreased, and the Proportion of Deposits of Small and Medium - Sized Banks Has Remained Stable** - Since early 2023, the proportion of deposits of the six major banks has decreased from 81.4% in the first quarter of 2023 to 76.0% in the second quarter of 2025, while the average proportion of deposits of listed joint - stock banks has increased [25]. - The large - scale banks' corporate deposit growth has slowed down, and the large - scale banks' dependence on non - bank inter - bank deposits has increased [39][45]. 3.3 Which Banks Had More Financial Investment Growth in the First Half of 2025? - Since early 2023, the proportion of financial investment of large banks has rebounded. As of the end of June 2025, the overall financial investment of A - share listed banks reached 97.4 trillion yuan, accounting for 30.3% of assets [51]. - In the first half of 2025, ICBC and CCB had more financial investment growth, while a small number of joint - stock banks' financial investment decreased. The financial investment increments of large banks, joint - stock banks, and city and rural commercial banks were all significant [55][59]. - As of the end of July 2025, the year - on - year growth rate of the bond investment of the four major banks reached 21.2%, the highest since 2017, and that of small and medium - sized banks was 18.3% [60]. 3.4 How Much Has the Cost of Interest - Bearing Liabilities of Banks Decreased? - In 2025, the decline of the current deposit ratio has slowed down. Since early 2018, the current deposit ratio has dropped significantly, and it is expected to further decline in the future, but the decline rate may slow down [61]. - Since the beginning of 2024, the deposit interest - payment rate has decreased significantly. The overall deposit interest - payment rate of A - share listed banks in the first half of 2025 was 1.65%, a year - on - year decrease of 32BP [65]. - The cost rate of interest - bearing liabilities has declined quarter by quarter. It is expected to further decline in the next few years, and may drop below 1.65% in the fourth quarter of 2025 [67]. 3.5 Investment Suggestions - It is expected that the liability cost of commercial banks will decline year by year in the next five years, which will support the bond yield to oscillate downward, and the return on 10 - year Treasury bonds will follow the decline of bank interest - bearing liabilities [69]. - In the low - interest - rate era, it is recommended to reduce the return expectation of bond investment, and commercial bank self - operation should increase the allocation of government bonds [72][73].

Investment Rating - The report maintains a "Recommended" investment rating for the banking sector, expecting the sector index to outperform the benchmark index by over 5% in the next 3-6 months [4][24]. Core Insights - The overall asset quality of commercial banks has improved in the first half of 2025, with a slight decrease in the non-performing loan (NPL) ratio to 1.49% [7][8]. - Retail loan asset quality remains under pressure, particularly in specific areas such as credit cards and personal business loans, due to ongoing economic recovery challenges [8]. - The report emphasizes the importance of long-term capital inflows and public fund reforms, suggesting that banks with high dividend yields and solid asset quality present good investment opportunities [8][9]. Summary by Sections Corporate Sector - The corporate lending sector shows improved asset quality, driven by government policies aimed at stabilizing growth, with a focus on high-tech manufacturing and key policy-supported areas [3]. - The NPL ratio in the corporate real estate sector has increased by 10 basis points to 3.59%, but the peak risk exposure phase is considered to have passed [3][8]. Retail Sector - Retail loan quality is closely linked to employment, income expectations, and consumer confidence, with the NPL ratio for mortgages, credit cards, and consumer loans showing increases of 10bp, 9bp, and 6bp respectively [8]. - The report highlights that the recovery of household balance sheets may take longer, impacting the retail loan sector's performance [8]. Investment Recommendations - The report suggests a diversified investment strategy focusing on state-owned banks and robust regional banks with high provisioning coverage, such as China Merchants Bank and CITIC Bank [8][9]. - It also recommends attention to undervalued joint-stock banks with potential for return on equity (ROE) improvement, specifically mentioning浦发银行 (Shanghai Pudong Development Bank) [8]. Performance Metrics - The banking sector's absolute performance over the past month is reported at 5.0%, with a 17.3% increase over six months and 17.7% over twelve months [5]. - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for key banks, indicating a positive outlook for banks like 宁波银行 (Ningbo Bank) and 招商银行 (China Merchants Bank) [10].