Core Viewpoint - The asset management industry is facing a transformative era characterized by the need to break old path dependencies and reconstruct core competitiveness, emphasizing a return to long-term value creation for clients and a more open ecosystem [3]. Group 1: Conference Overview - The "2025 Asset Management Annual Conference" was held in Shanghai, focusing on themes such as multi-asset allocation and new trends in asset management under the rise of passive investment [1]. - The conference featured a main forum and two parallel thematic forums, attracting nearly a thousand industry professionals and notable speakers [1][3]. Group 2: Key Insights from Speakers - Liu Shijun, former Deputy Director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference, suggested that policies should focus on increasing consumer spending as a proportion of GDP to stabilize growth [5]. - Li Yang from the Chinese Academy of Social Sciences emphasized the need for financial institutions to transform in response to the challenges posed by a low-interest-rate environment, advocating for the development of financial services and asset management [7]. Group 3: Discussions on Asset Management Strategies - The main forum discussed how asset management institutions can rebuild competitiveness, with a consensus on enhancing research and customer service capabilities as critical factors [9]. - The conference highlighted the importance of "product + service" in providing comprehensive financial services from asset allocation to wealth management [9]. Group 4: Trends in Investment Strategies - The rise of ETFs as a significant tool for multi-asset and multi-strategy investment was noted, with the ETF market evolving into a new infrastructure for asset allocation [13][14]. - The low-interest-rate environment has led many asset management firms to adopt multi-asset and multi-strategy approaches, leveraging the advantages of ETFs for liquidity and low transaction costs [14].

Core Viewpoint - The asset management industry is facing a transformative era characterized by "breaking the old patterns" and "reconstructing core competitiveness," emphasizing a return to the essence of creating long-term stable returns for clients and enhancing capabilities through an open ecosystem and systematic thinking [1]. Group 1: Key Discussions at the Conference - The conference featured a main forum and two parallel thematic forums, attracting nearly a thousand industry professionals and notable speakers, including government officials and financial experts [1]. - Hu Zhiyong, Secretary of the Party Committee of Southern Finance and Economics Media Group, highlighted the need for the industry to break free from old dependencies and reconstruct its core competitiveness [1]. - Liu Shijun, former Deputy Director of the State Council Development Research Center, proposed structural reforms to boost consumption, focusing on housing for new citizens, pension system reforms, and facilitating the flow of production factors [4]. Group 2: Challenges and Strategies in the Low-Interest Rate Environment - Li Yang from the Chinese Academy of Social Sciences emphasized a dual approach to tackle challenges posed by the low-interest rate environment, advocating for the transformation of financial intermediaries and the development of capital markets [7]. - The roundtable discussion on "how asset management institutions can recreate competitiveness" underscored the importance of enhancing research and customer service capabilities, with a focus on comprehensive financial services [9]. - The conference released two significant reports: "2025 China Asset Management Development Trend Report" and "Internet Wealth Management Custody Business Development White Paper" [9]. Group 3: Trends in Asset Management - The forum on "new trends in asset management under the development of passive investment" noted that the low-interest rate environment and changing economic conditions present both opportunities and challenges for the wealth management industry [14]. - ETFs are emerging as a crucial tool for multi-asset and multi-strategy investment, with a diverse and healthy holder structure contributing to the revitalization of the ETF market ecosystem [14][15]. - The discussion highlighted that multi-asset and multi-strategy approaches are essential for addressing the challenges of low returns while meeting investor expectations [15].

Core Insights - The asset management industry is facing a critical period of "breaking the deadlock and restructuring," emphasizing the need to move beyond traditional paths and enhance core competitiveness [3] - The conference highlighted the importance of creating long-term stable returns for clients and adapting to the evolving economic landscape [3][5] Group 1: Conference Overview - The "2025 Asset Management Annual Conference" was held in Shanghai, focusing on themes such as multi-asset allocation and new trends in asset management under the rise of passive investment [1] - The event attracted nearly a thousand industry professionals and featured key speeches from prominent figures in finance and economics [1][3] Group 2: Economic Insights and Recommendations - Liu Shijin suggested that policies should focus on boosting consumption through investment and addressing structural imbalances in consumption's share of GDP [5] - Recommendations included reforms in housing for new citizens, pension system improvements, and facilitating the flow of production factors to drive urbanization [5] Group 3: Challenges and Strategies in Asset Management - Financial institutions are challenged by a low-interest-rate environment, necessitating a dual approach of transforming financial intermediaries and developing capital markets [7] - The focus for asset management institutions should be on enhancing research capabilities and client service to rebuild competitiveness [9] Group 4: Trends in Asset Allocation - The conference discussed the shift in client demands towards comprehensive solutions and absolute returns, necessitating a response to issues like strategy homogenization and product liquidity mismatches [11] - The importance of multi-asset strategies and the role of ETFs as a new foundational tool for asset allocation were emphasized [14][15] Group 5: Innovations and Future Directions - The event saw the release of significant reports on asset management trends and the introduction of new product systems by various institutions [9] - The ETF market is evolving, with a diverse and healthy holder structure, which is expected to invigorate the market ecosystem [14]

Group 1 - The 2025 China International Service Trade Fair's financial services section will be held from September 10 to September 14 in Beijing, focusing on the theme "Digital Intelligence Drives Open Win-Win" [1] - The financial services section aims to create four major platforms: global financial innovation product and service display, important policy and industry rule release, partner negotiation, and cutting-edge financial experience [1] - A total of 92 companies will participate in the exhibition, including 68 from the Fortune Global 500, with a 45.7% internationalization rate [1] Group 2 - Major financial institutions such as Industrial and Commercial Bank of China, Bank of China, and Beijing Bank will showcase innovative products in the field of fintech [2] - Industrial and Commercial Bank will display a trillion-level financial model, while Beijing Bank will present an interactive digital robot to demonstrate various financial services [2] - A digital RMB immersive experience area of nearly 1,000 square meters will be created, featuring a collaborative exhibition matrix from multiple banks to showcase "Digital RMB+" innovations [2] Group 3 - The financial services section will emphasize experiential activities, with interactive events designed to engage the public [3] - China Minsheng Bank will introduce fun activities such as stamp collection and interactive games to enhance the audience's experience of financial innovation [3] - Traffic Bank will feature creative displays and promotional activities to allow visitors to experience the vitality of a century-old financial brand [3]

Core Viewpoint - The 2025 China International Service Trade Fair's financial services section will take place from September 10 to September 14 at Shougang Park in Beijing, focusing on "Digital Intelligence Driven, Open and Win-Win" as its theme [1] Group 1: Event Overview - The financial services section will feature two main exhibition halls: Hall 5 for "Open Integration" showcasing banks, insurance, securities, funds, and payment institutions, and Hall 6 for "Intelligent Sharing" focusing on collaboration between financial institutions and leading tech companies [1] - A total of 92 companies will participate, including 68 from the Fortune Global 500 and industry leaders, highlighting the scale and international nature of the event [1] - The event will include over 30 parallel forums and a dedicated meeting area for high-level discussions, aiming to foster collaboration among domestic and international financial institutions [1][4] Group 2: Technological Innovations - Major banks such as ICBC, Bank of China, and Agricultural Bank of China will showcase innovative financial products utilizing AI technology to enhance interactive experiences [2] - ICBC will display a trillion-level financial model, while Agricultural Bank will introduce a VR-enabled service for online property viewing, enhancing transaction efficiency in the local tourism and homestay economy [2] - Other banks will present various technological advancements, including interactive digital robots and smart financial terminals, emphasizing the integration of technology in financial services [3] Group 3: Forums and Discussions - The event will host over 30 forums covering global financial hotspots and industry concerns, featuring high-level dialogues, policy interpretations, and project presentations [4][5] - Agricultural Bank will organize a meeting to support agricultural enterprises in expanding internationally, while Bank of China will focus on exchange rate risk management for outbound enterprises [5] - The event will also highlight innovative practices from financial institutions, including a unique service card for foreign visitors and advancements in commercial space insurance [5]

Core Viewpoint - The recent delisting of bank convertible bonds, including the Qi Lu convertible bond, indicates a significant reduction in the total outstanding balance of bank convertible bonds, with a potential for further shrinkage by year-end due to strong conversion demands from banks [1][3]. Group 1: Market Overview - The delisting of the Qi Lu convertible bond marks the sixth bank convertible bond to exit the market this year, resulting in a total reduction of approximately 42.5 billion yuan in the outstanding balance of bank convertible bonds since the beginning of the year [1]. - Currently, only seven bank convertible bonds remain in the market, with the balance of the Shanghai Pudong Development Bank (SPDB) convertible bond set to mature in two months [1][3]. - The strong redemption trend has been driven by the significant rise in bank stock prices, leading to multiple convertible bonds triggering redemption clauses [1][3]. Group 2: Convertible Bond Details - The Qi Lu convertible bond had an issuance amount of 8 billion yuan, with 7.993 billion yuan converted into equity, leaving a minimal balance of 0.07 million yuan at the time of redemption [1]. - As of now, the outstanding balances of other convertible bonds include SPDB at approximately 35.3 billion yuan, with a total of at least six convertible bonds having exited the market this year [2][3]. Group 3: Future Projections - Analysts predict that by year-end, depending on conversion activities, only two to four bank convertible bonds may remain, with the SPDB convertible bond expected to be the next to exit the market [3]. - The total outstanding balance of bank convertible bonds has decreased from 191 billion yuan at the beginning of the year to approximately 125 billion yuan, reflecting a reduction of about 66 billion yuan [3]. - The introduction of strategic investors, such as Cinda Investment, has facilitated the conversion of SPDB convertible bonds, alleviating some of the pressure associated with impending maturity [4][5].

证券之星消息，8月15日股份制银行板块较上一交易日下跌1.72%，光大银行领跌。当日上证指数报收于 3696.77，上涨0.83%。深证成指报收于11634.67，上涨1.6%。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) | | --- | --- | --- | --- | --- | --- | | 000001 | 平安银行 | 12.08 | -0.98% | 194.85万 | 23.44 Z | | 600036 | 招商银行 | 43.30 | -1.10% | 93.30万 | 40.51 Z | | 601916 | 浙商银行 | 3.30 | -1.20% | 281.29万 | 9.27亿 | | 600015 | 华夏银行 | 7.83 | -1.63% | 64.87万 | 5.07亿 | | 601166 | 兴业银行 | 22.32 | -1.80% | 100.93万 | 22.58亿 | | 600000 | 浦发银行 | 13.59 | -2.02% | 93.07万 | 12.72亿 | | 601998 ...

近日，浦发银行在伦敦证券交易所集团（LSEG）主办的2025年金融量化创新大赛中荣获"量化策略奖——最佳固收策略奖"。 本次比赛为伦敦证券交易所集团（LSEG）在中国举办的首届金融量化创新比赛，旨在激发国内金融机构在FICC（固定收益、外汇及大宗商品业务）领域 的量化投资潜力，推动策略设计、量化研究、数据探索方面的经验共享。自今年4月比赛启动以来，吸引了多家核心中资与外资机构参与。浦发银行在30 余项参赛成果中脱颖而出，荣获"最佳固收策略奖",并受邀在颁奖典礼上分享量化交易领域的实践经验。 随着国内金融市场的基础设施建设趋于完善、投资者类型日渐多元、传统交易难度逐步提升。浦发银行将持续推进"数智化"战略，积极自我革新，借助人 工智能等创新领域的先进实践，开展研究和部署量化交易策略，深入推进智能投研和量化交易建设，更好地践行债券市场核心做市商职责，为助力中国债 券市场发展贡献浦发力量。 ...

三、上海浦东发展银行应督促上述核准任职资格人员持续学习和掌握经济金融相关法律法规，牢固树立 风险合规意识，熟悉任职岗位职责，忠实勤勉履职。 二、上海浦东发展银行应要求上述核准任职资格人员严格遵守金融监管总局有关监管规定，自上海浦东 发展银行政许可决定作出之日起3个月内到任，并按要求及时报告到任情况。未在上述规定期限内到任 的，本批复文件失效，由决定机关办理行政许可注销手续。 一、核准施乐上海浦东发展银行股份有限公司昆明分行行长的任职资格。 2025年8月11日，云南金融监管局发布批复称，《上海浦东发展银行股份有限公司关于对施乐同志进行 任职资格审核的请示》（浦银发〔2025〕317号）收悉。经审核，现批复如下： ...

中国经济网北京8月15日讯 投资快报8月9日发表文章《<财富>世界500强揭晓，民生银行、浦发银行（600000）分别跌36、17个 名次》。2025年《财富》世界500强排行榜揭晓，银行方面，与上年相比，8家银行排名下降。其中，浦发银行排名为309位，下 降17个名次。 浦发银行的营业收入已连降四年。2020年至2024年，浦发银行营业收入分别为1963.84亿元、1909.82亿元、1886.22亿元、1734.34 亿元、1707.48亿元，同比变动2.99%、-2.75%、-1.24%、-8.05%、-1.55%。 我国12家全国性股份制商业银行2024年度业绩报告显示，浦发银行的营业收入已掉出第一梯队。2024年，浦发银行实现营业收入 排名股份行第四。但浦发银行与第三名兴业银行的营业收入差距已经扩大至414.78亿元。 今年上半年，浦发银行扭转了营业收入下滑趋势。2025年半年度业绩快报公告显示，浦发银行实现营业收入905.59亿元，同比增 长2.62%。 2024年，浦发银行董事长、行长任职资格获监管部门核准。2024年2月，公司收到《国家金融监督管理总局关于浦发银行张为忠 任职资格的批复》，已核 ...