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].

9月26日浦发银行大宗交易一览 证券时报·数据宝统计显示，浦发银行今日收盘价为12.25元，下跌1.45%，日换手率为0.28%，成交额为 10.25亿元，全天主力资金净流入7441.69万元，近5日该股累计下跌4.37%，近5日资金合计净流出 7451.64万元。 两融数据显示，该股最新融资余额为37.38亿元，近5日增加258.19万元，增幅为0.07%。（数据宝） 浦发银行9月26日大宗交易平台出现一笔成交，成交量6288.35万股，成交金额7.82亿元，大宗交易成交 价为12.43元，相对今日收盘价溢价1.47%。该笔交易的买方营业部为东兴证券股份有限公司北京北四环 中路证券营业部，卖方营业部为东兴证券股份有限公司客户资产管理部。 进一步统计，近3个月内该股累计发生6笔大宗交易，合计成交金额为117.65亿元。 | 成交量 （万 | 成交金额 | 成交价 | 相对当日收盘 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | | （万元） | 格 | 折溢价（%） | | | | 股） | | （元） | | | | | 6288.35 | ...

★ 宏观动态 ★ 中国炼焦行业协会：从未发布或授权任何关于"强制限产""联合提价"的通知或倡议 9月26日，中国炼焦行业协会发布严正声明：中国炼焦行业协会从未发布或授权任何关于"强制限产""联合提 价"的通知或倡议。协会始终严格遵守国家法律法规，坚决维护公平竞争的市场环境。涉事机构及个人应立即 停止侵权行为，协会保留追究其法律责任的权利。 外汇局：8月我国国际收支货物和服务贸易进出口规模42818亿元，同比增长2% 8月，我国国际收支货物和服务贸易进出口规模42818亿元，同比增长2%。其中，货物贸易出口21395亿元，进 口15202亿元，顺差6193亿元；服务贸易出口2546亿元，进口3675亿元，逆差1129亿元。服务贸易主要项目 为：旅行服务进出口规模1887亿元，运输服务进出口规模1745亿元，其他商业服务进出口规模996亿元，电 信、计算机和信息服务进出口规模583亿元。按美元计值，8月，我国国际收支货物和服务贸易出口3357亿美 元，进口2647亿美元，顺差710亿美元。 教育部等六部门印发《县域普通高中振兴行动计划》 据央视新闻报道，我国有近60%的高中学生，是在县域中学读书，县中办得好不好， ...

Core Insights - The case highlights the effective intervention by bank staff in preventing a potential fraud, saving the client Y from a loss of 1 million yuan [1][3] - The incident underscores the importance of vigilance and proactive measures by financial institutions in combating fraud [4] Summary by Sections Incident Description - Client Y approached the bank to lift a control on her card after attempting a 1 million yuan transaction for purchasing duty-free goods in Hong Kong, which raised red flags due to the source of her funds [3] - The funds were partially obtained through online loans and a car mortgage, indicating suspicious activity [3] Bank's Response - Bank staff, upon noticing inconsistencies in Y's explanation about the purchase, contacted the anti-fraud center, which then reached out to Y's spouse, who confirmed that the family does not engage in gold investments [3] - The intervention led to the realization that Y was likely a victim of a scam, prompting immediate action to prevent the transaction [3] Broader Implications - The incident illustrates the tactics used by scammers, such as enticing clients with high returns and manipulating them into downloading fraudulent investment apps [4] - The bank's proactive approach in integrating anti-fraud measures into daily operations reflects its commitment to safeguarding customer assets and enhancing financial security [4] - The bank aims to continue its "financial for the people" philosophy, reinforcing compliance responsibilities and embedding fraud prevention in all service aspects [4]

（责任编辑：徐自立） 中国经济网北京9月26日讯 浦发银行(600000.SH)今日收报12.25元，跌幅1.45%。 今日，银行板块涨0.25%，浦发银行为银行板块跌幅最大的公司。 ...

Group 1 - A total of 73 stocks experienced block trades in the A-share market on September 26, with a total transaction value of 3.219 billion yuan [1] - The top three stocks by transaction value were Pudong Development Bank (782 million yuan), Guangqi Technology (273 million yuan), and Zhongwei Company (244 million yuan) [1] - Among the stocks, 10 were traded at par, 7 at a premium, and 56 at a discount; Dongfang Caifu, Aerospace Hongtu, and Taiping Bird had the highest premium rates of 15.08%, 9.14%, and 7.37% respectively [1] Group 2 - The top stocks by institutional buy amounts included Ningde Times (224 million yuan), Zhongwei Company (217 million yuan), and Haiguang Information (127 million yuan) [1] - The top stocks by institutional sell amounts were Ningde Times (187 million yuan), Jinkang Electric (101 million yuan), and Jinkai New Energy (37.29 million yuan) [2] - The MACD golden cross signal has formed, indicating a positive trend for certain stocks [2]