Core Viewpoint - The 2025 Pujiang Innovation Forum emphasizes the integration of technology finance and innovation incubation, aiming to enhance the synergy between technology, finance, and industry for high-quality development in Shanghai [1][3]. Group 1: Forum Overview - The forum gathered representatives from government, regulatory bodies, financial institutions, venture capital, academic research, technology companies, and incubators to discuss core issues related to technology finance policy innovation and ecosystem building [3]. - The event featured a speech by the Deputy Director of the Shanghai Science and Technology Commission, highlighting the need to optimize the technology finance ecosystem and strengthen financial support for the entire chain of technological innovation [5]. Group 2: Financial Services Initiatives - Shanghai Pudong Development Bank (SPDB) launched the "PuKe eXiang" comprehensive financial service plan, which integrates credit, investment, and guarantee resources through digital means to provide efficient financial services for technology enterprises [7][8]. - The bank introduced the "Post-Investment Steward" smart platform for venture capital institutions, aimed at enhancing the connection between technological innovation and capital markets [10]. Group 3: Collaborative Ecosystem Development - The "Technology Finance Innovation and Incubation Ecosystem Alliance" was launched, involving multiple stakeholders to foster closer cooperation in resource matching, project incubation, and investment services [13]. - The "SPDB Scientist Support Program" was initiated to assist scientists in commercializing their research, providing comprehensive support from technology transfer to market entry [14]. Group 4: Insights and Trends - During the forum, industry leaders discussed new trends in technology investment and how capital can better empower technological innovation for high-quality development [17]. - SPDB shared insights on cross-border incubation and inter-domain collaboration, addressing barriers and pathways for resource integration [20]. Group 5: Future Directions - SPDB plans to continue deepening cooperation with various stakeholders in the technology innovation ecosystem to build a more vibrant and sustainable technology finance ecosystem, injecting new momentum into technological innovation in Shanghai and nationwide [25].

证券之星消息，9月29日股份制银行板块较上一交易日下跌0.86%，浦发银行领跌。当日上证指数报收 于3862.53，上涨0.9%。深证成指报收于13479.43，上涨2.05%。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4.45亿元，游资资金净流入2.36亿元，散户资 金净流入2.09亿元。股份制银行板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000001 | 平安银行 | 11.37 | -0.26% | 117.60万 | 13.34亿 | | 600036 | 招商银行 | 40.68 | -0.29% | 83.56万 | 34.07亿 | | 601916 | 浙商银行 | 3.00 | -0.33% | 157.51万 | 4.72亿 | | 601818 | 光大银行 | 3.40 | -0.87% | 372.18万 | 12.68亿 | | 600015 | 华夏银行 | 6.67 | -0.89% | 88 ...

两场宣讲会共吸引约220名高校学子到场，现场氛围热烈如潮。从银行发展历程到薪酬福利体系，从办 公环境到文娱生态，学子们的兴趣点遍布企业价值链条的各个环节；自由咨询环节中，关于校招细节、 职业成长路径的提问此起彼伏，学生们对银行品牌影响力与发展前景的认可，化作了简历投递与咨询互 动的踊跃态势，充分彰显出该行对高校英才的较强吸引力。 此次宣讲会的成功举办，也获得了湘潭大学、中南大学的高度肯定。它不仅是浦发银行长沙分行传递校 招信号、输出企业文化的重要载体，更是搭建起金融行业与高等院校深度协同的桥梁，对于高校毕业生 而言，则是一次与企业面对面、锚定职业方向的宝贵契机。 展望未来，浦发银行长沙分行将持续携手更多高校，积极践行社会责任，搭建"岗位对接桥梁"，助力更 多青年学子择业就业，为金融业培育更多青年人才。 长沙晚报掌上长沙9月29日讯（通讯员 戴佳）为广纳高校优质人才，浦发银行长沙分行近日先后走进湘 潭大学、中南大学，举办2026年度校园招聘精品宣讲会。 宣讲会以"公司介绍+深度互动"的模式开展：浦发银行总分行宣传视频的依次呈现，率先为学子们打开 了了解该行发展蓝图的窗口；工作人员的全方位介绍，从浦发银行发展历程 ...

本报讯 （记者吕东）国庆、中秋"双节"临近，为响应国家促消费、稳增长号召，浦发银行北京分行以 超级产品"浦闪贷"为抓手，推出系列惠民举措，将便捷化、低成本、场景化的金融服务深度融入假日经 济，让惠民红利直达民生消费末端，助力居民"敢消费、能消费、愿消费"。 此外，在教育、家电换新、数码消费等场景，"浦闪贷"持续深化与线下商户、线上平台的合作，力图让 金融服务无缝嵌入生活场景，积极实现"消费在哪，服务到哪"。 浦发银行北京分行相关负责人表示，下一步，该行将继续打通"金融+场景+民生"的服务链路，让金融 活水精准滴灌到消费市场的每个角落。 （编辑 张伟） 作为一款纯信用消费信贷产品，"浦闪贷"实现从申请到放款的全流程线上操作。客户凭个人征信、公积 金、社保等信息，通过浦发银行APP即可在线申请；依托大数据模型实现快速评估，实时审批放款，新 用户平均10分钟完成授信，同时资金也能快速到账。 实惠让利是"浦闪贷"惠民属性的核心体现。针对"双节"消费旺季，浦发银行推出"财政贴息+银行让 利"双重优惠：符合条件的客户在享受财政贴息政策基础上，还可叠加享受专属优惠利率，直接降低居 民融资成本。 ...

9月29日，浦发银行盘中下跌2.04%，截至10:09，报12.00元/股，成交2.24亿元，换手率0.06%，总市值 3659.64亿元。 资金流向方面，主力资金净流出503.28万元，特大单买入843.70万元，占比3.77%，卖出1290.67万元， 占比5.77%；大单买入3714.39万元，占比16.61%，卖出3770.71万元，占比16.86%。 浦发银行今年以来股价涨21.46%，近5个交易日跌4.31%，近20日跌11.05%，近60日跌15.43%。 分红方面，浦发银行A股上市后累计派现1538.17亿元。近三年，累计派现312.24亿元。 机构持仓方面，截止2025年6月30日，浦发银行十大流通股东中，香港中央结算有限公司位居第十大流 通股东，持股8.89亿股，相比上期减少9844.84万股。 责任编辑：小浪快报 资料显示，上海浦东发展银行股份有限公司位于上海市中山东一路12号,香港中环夏悫道12号美国银行 中心15及24楼，成立日期1992年10月19日，上市日期1999年11月10日，公司主营业务涉及 吸收公众存 款;发放短期、中期和长期贷款;办理结算;办理票据贴现;发行金融债券;代 ...

格隆汇9月29日｜A股市场银行股多数下跌，其中，邮储银行、西安银行、浦发银行、中信银行跌超 1%。 ...

"大牌茶饮每日特惠+周六1元购"活动，已成为许多年轻人的每周期待。通过浦大喜奔APP绑定信用卡支 付，即可享受超低价购买霸王茶姬、蜜雪冰城等热门商户代金券。一位在活动现场兑换了1元奶茶的女 士表示："周六薅羊毛已成习惯，省钱又开心，特别适合像我这样爱逛街又精打细算的人。" 金秋九月，申城再度绽放迷人光彩，第36届上海旅游节如期而至，整座城市沉浸在一片欢庆海洋中。9 月13日晚，外滩沿岸华灯璀璨，25辆造型别致的花车组成流动的盛宴，在游客们的欢呼声中缓缓驶过。 花车大巡游的长龙中，一辆以百年金融地标"外滩12号"建筑为设计灵感的花车格外引人注目，这是浦发 银行（600000）以"遇见浦发，遇见更懂你的银行"为主题精心打造的"金融花车"，吉祥物大熊猫"浦 浦"和"发发"化身文旅推荐官，向全球游客发出"乐游上海"的诚挚邀请。 作为2025年"上海之夏"国际消费季"全球战略合作伙伴"，浦发银行此次深度融入旅游节盛宴，不仅通过 花车巡游展现品牌魅力，更以一系列实实在在的惠民举措，将金融服务与文旅体验完美融合。夏夜联动 账单分期优惠券、夏夜联动消费券、大牌茶饮特惠……浦发银行信用卡持续深化大零售融合经营，以实 际行动证明 ...

打造自贸平台，积极投身创新实践 自贸区金改的任务是深化金融领域的开放创新。浦发银行上海分行在人民币资本项目兑换、扩大人民币 跨境使用等领域都积极开展先行先试，参与并推动了逾70单的首单及首批创新的落地。自自贸区设立以 来，首批启动FT境外融资、首批启动FT外币服务、首家为上海清算所开立中央对手清算FTE账户、开 立首张大宗商品FT跨境电票、发行首单FT跨境理财产品、首批区外科创企业FTE账户服务、首批FTF海 在跨境融资服务方面，浦发银行上海分行利用境内外两个市场、两种资源，服务区域内重点区域、重大 项目、重点企业的融资，既有向国资集团提供项目建设的信贷支持，也有为科技型企业成长发展提供日 常运营资金支持，帮助知名投资机构完成基于产业链整合的海外并购，还为大型集团客户走出去提供海 外融资。2025年，分行落地了全市场首单临港新片区新政下非居民并购贷款试点业务，为某科技企业境 外子公司提供了、融资比例80%、融资期限10年的FTN跨境并购贷款，助力企业高效完成境外传感器业 务收购，实现"走出去"产业链整合。 在跨境汇兑服务方面，通过自由贸易账户连接境外外汇市场、自由可兑换的特点，浦发银行设计了自贸 汇兑的产品系 ...

Investment Rating - The report maintains a recommendation for the banking industry [3] Core Insights - The report provides a comprehensive analysis of the asset-liability structure and interest margin changes of 42 A-share listed banks during the "14th Five-Year Plan" period, highlighting a shift towards corporate loans on the asset side and a stronger retail focus on the liability side [12][14] - The asset-liability structure indicates a significant increase in the proportion of corporate loans, rising from 57.02% to 63.22% from the end of 2020 to mid-2025, while the proportion of demand deposits decreased from 41.94% to 30% [12][14] - The report notes a decline in both asset yield and interest margin, with the yield on interest-earning assets dropping from 4.43% to 3.32% and the net interest margin decreasing from 2.23% to 1.53% during the same period [14][15] Summary by Sections Overall Asset-Liability Structure and Interest Margin Changes - The asset-liability structure shows an increase in loan-to-earning asset ratio from 54.19% to 56.49%, with corporate loans making up a larger share of total loans [14][15] - The average yield on interest-earning assets decreased significantly, with the loan yield falling from 5.34% to 3.82% [15] - The net interest margin for listed banks remains higher than that of commercial banks, despite a decline [14][15] Changes in Each Banking Sector's Asset-Liability Structure and Interest Margin - City commercial banks experienced a more significant increase in the proportion of corporate loans, with their interest margin narrowing less compared to other banks [18] - The report highlights that the proportion of deposits in interest-bearing liabilities for state-owned banks decreased, while it increased for rural commercial banks [18] - The decline in interest-bearing liabilities' cost rate was most pronounced in city commercial banks, leading to a smaller reduction in their interest margin [18]

1. Report Industry Investment Rating No information about the report industry investment rating is provided in the given content. 2. Core Viewpoints of the Report - External environment factors such as interest rate fluctuations, bond supply - demand, and policy orientation jointly impact bond investment returns. In H1 2025, the bond investment of 42 listed banks showed certain characteristics in scale, structure, and profit and loss, but there are still challenges in maintaining stable returns in the future [1]. - The overall bond investment scale of 42 listed banks expanded steadily in H1 2025. There were differences in the investment structure among different types of banks, with state - owned banks and city commercial banks having stable growth in the bond allocation portfolio, while joint - stock banks and rural commercial banks increased their efforts in the bond trading portfolio. The bond investment portfolio generally presented a pattern of "stable foundation and flexible gain" [1]. - The coupon income of 42 listed banks was generally stable in H1 2025 but showed a slight year - on - year decline. The fair value change loss was significant, and the investment income increased. However, the bond investment of the banking industry still faces pressure to maintain stable returns [1]. 3. Summary According to the Table of Contents 3.1 42 Listed Banks' Bond Investment Volume - **Overall Bond Investment Scale: Steady Expansion**: In H1 2025, the total scale of the three types of bond - type financial assets of 42 listed banks showed a steady expansion trend. The growth of debt investment - type financial assets measured at amortized cost was relatively slow, while the growth of trading financial assets measured at fair value and included in current profits and losses was relatively large, indicating that banks increased the proportion of trading positions [9]. - **Differentiated Bond Investment Distribution Structures among Different Bank Types**: In H1 2025, state - owned banks and city commercial banks showed stable growth in the bond allocation portfolio, which may be related to their participation in the primary - market issuance of important national and regional bond varieties. Joint - stock banks and rural commercial banks slightly weakened their bond allocation power but significantly increased their efforts in the bond trading portfolio, showing a differentiated feature of "stable allocation by large banks and prominent trading flexibility by small and medium - sized banks" [13]. - **Bond Investment Allocation Tilted towards Government - Related Bonds**: In H1 2025, commercial banks increased their allocation of government - related bonds, with an average month - on - month increase of about 10% for state - owned banks, joint - stock banks, and city commercial banks, and a slightly smaller increase for rural commercial banks. The allocation of financial bonds and other bonds was differentiated. All banks held a relatively large scale of government - related bonds, followed by financial bonds and credit - related bonds [18]. - **Correlation between Financial Asset Types and Bond Variety Structures**: The banking industry maintained a stable growth of interest - rate bonds in the bond allocation portfolio and increased the allocation of credit bonds, while the allocation of financial bonds was relatively weak. In the bond trading portfolio, interest - rate bonds and financial bonds were the core varieties, with a more significant increase than credit bonds, showing a "stable foundation and flexible gain" pattern [22]. 3.2 42 Listed Banks' Bond Investment Profit and Loss - **Coupon Income: Generally Stable and Still the Main Source of Income**: In H1 2025, the total coupon income of 42 listed banks decreased slightly year - on - year. Although the scale of held - to - maturity bonds increased, the decline in the coupon rate of newly issued bonds led to a decrease in coupon income. In the future, coupon income is still expected to be the main source of bond investment income for commercial banks [26]. - **Fair Value Change Loss: Losses in the Trading Level**: In H1 2025, the total fair value change loss of 42 listed banks decreased significantly year - on - year, indicating that it was difficult to obtain capital gains through short - term trading in the volatile bond market, and there were floating losses in bond trading [28]. - **Investment Income: Growth in All Bank Types**: In H1 2025, the actual investment income of 42 listed banks in the bond field increased significantly year - on - year. Although the book value appreciation of bond - type trading financial assets and other debt investment - type financial assets was not as good as that of the previous year, banks could still increase their investment income by selling floating - profit old bonds and waiting for the maturity of high - coupon bonds [31]. 3.3 Attribution and Summary - **External Environment Driving Factors: Interest Rate Fluctuations, Bond Supply - Demand, and Policy Orientation Jointly Impact Bond Investment Returns**: In H1 2025, the "more adjustments and fewer opportunities" bond market environment led to a general decline in the prices of existing bonds, resulting in a significant year - on - year decline in the fair value change loss of listed banks' bond investment. The supply of national bonds, local government bonds, and policy - based financial bonds increased, but the coupon rate of newly issued bonds decreased, leading to a decline in coupon income. Regulatory policies indirectly affected bond investment performance [35]. - **Banking Industry's Bond Investment Pressure and Future Outlook** - Overall Income Shows a Positive Trend but There Are Still Hidden Concerns: In H1 2025, the actual bond investment income of 42 listed banks increased slightly year - on - year, but the coupon income faced downward pressure in the interest - rate downward cycle, and it was more difficult to obtain spread income through band trading. Since H2 2025, the "stock - strong and bond - weak" pattern has emerged, and the loss caused by fair value change will be more obvious [3]. - Different Bank Types Show Differentiated Performance, and State - owned Banks' Pressure Is Relatively Controllable: State - owned banks can maintain a certain profit - making ability in the low - interest - rate volatile bond market due to their advantages in bond allocation and trading portfolios. Joint - stock banks, city commercial banks, and rural commercial banks are more vulnerable, and they may increase their capital allocation in the equity market, commodity market, and related structured fixed - income products in the future [3].