证券代码：600000 证券简称：浦发银行 公告编号：临 2025-062 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 关于"浦发转债"到期兑付暨摘牌的公告 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。 重要内容提示： 证券停复牌情况：适用 因浦发转债到期兑付暨摘牌,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终 | 复牌 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 期间 | 止日 | 日 | | 110059 | 浦发转债 | 可转债债券停牌 | 2025/10/23 | | | | 自2025年10月23日至2025年10月27日，浦发转债持有人仍可以依据约定的条 件将浦发转债转换为公司股票。 经中国证券监督管理委员会《关于核准上海浦东发展银行股份有限公司公开 发行可转换公司债券的批 ...

Index Performance - The CSI A500 Index decreased by 3.31% this week, closing at 5392.97 points on October 17 [5] - The average daily trading volume for the week was 8521.04 billion yuan, reflecting a 22.20% decrease compared to the previous week [5] Top Performers - The top ten gainers in the CSI A500 index included: 1. Shanghai Pudong Development Bank (600000.SH) with a gain of 12.50% 2. Agricultural Bank of China (601288.SH) with a gain of 11.57% 3. Huatian Technology (002185.SZ) with a gain of 10.02% 4. Shanghai Jahwa United Co., Ltd. (600315.SH) with a gain of 9.42% 5. Hainan Airport (600515.SH) with a gain of 8.96% 6. Shaanxi Coal and Chemical Industry (601225.SH) with a gain of 8.61% 7. Jiangsu Bank (600919.SH) with a gain of 8.60% 8. Tongwei Co., Ltd. (600438.SH) with a gain of 8.31% 9. Air China (601111.SH) with a gain of 7.63% 10. China Pacific Insurance (601319.SH) with a gain of 7.32% [2] Bottom Performers - The top ten losers in the CSI A500 index included: 1. Shengquan Group (605589.SH) with a loss of 18.04% 2. Wentai Technology (600745.SH) with a loss of 17.17% 3. Betta Pharmaceuticals (300558.SZ) with a loss of 16.98% 4. Leo Group (002131.SZ) with a loss of 16.55% 5. Jinlang Technology (300763.SZ) with a loss of 15.40% 6. Tongfu Microelectronics (002156.SZ) with a loss of 14.98% 7. Yake Technology (002409.SZ) with a loss of 14.35% 8. Lens Technology (300433.SZ) with a loss of 14.26% 9. Zhongding Sealing Parts (000887.SZ) with a loss of 13.99% 10. Robot Technology (300757.SZ) with a loss of 13.95% [2] Fund Performance - All 40 CSI A500 ETFs experienced declines, with notable drops in Huatai-PB's CSI A500 Enhanced ETF and Guolian's A500 Enhanced ETF, both falling over 4% [5] - The total scale of the CSI A500 ETFs fell below 200 billion yuan, with Huatai-PB's fund at 249.03 billion yuan, Guotai's at 226.56 billion yuan, and E Fund's at 221.29 billion yuan [5] Market Insights - Pacific Securities research team suggests a balanced allocation towards low-position sectors, particularly banks and insurance with dividend protection attributes, as well as coal and agriculture sectors benefiting from domestic demand recovery [6] - Guohai Securities research team indicates that uncertainties from trade frictions may lead to a rotation in market styles, with a shift from overvalued growth sectors to undervalued sectors [6]

证券代码：600000 证券简称：浦发银行 公告编号：临 2025-063 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 关于持股 5%以上股东权益变动触及 1%刻度的提示性 公告 公司股东中国移动通信集团广东有限公司保证向本公司提供的信息真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 投资者及其一致行动人的身份 □控股股东/实际控制人及其一致行动人 其他 5%以上大股东及其一致行动人 □合并口径第一大股东及其一致行动人 □其他 2.信息披露义务人信息 | 信息披露义务人名称 | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | | | □控股股东/实控人 | | | 中国移动通信集团广 | □控股股东/实控人的一致行 | 91440000707653099T | | 东有限公司 | 动人 | □不适用 | | | 其他直接持股股东 | | 1 3.一致行动人 公司股东中不存在中国移动的一 ...

Core Viewpoint - Shanghai Pudong Development Bank has received approval from Dalian Financial Regulatory Bureau to acquire Dalian Ganjingzi Pudong Village Bank and establish a new branch in Dalian [1] Group 1 - The acquisition involves the transfer of assets, liabilities, business operations, and employees from Dalian Ganjingzi Pudong Village Bank to Shanghai Pudong Development Bank [1]

Core Viewpoint - China Mobile announced the exercise of conversion rights for its holdings in Shanghai Pudong Development Bank's convertible bonds, indicating a strategic move to increase its equity stake in the bank [1] Group 1: Conversion Details - China Mobile will convert a total face value of RMB 1.874 billion of Shanghai Pudong Development Bank's A-share convertible bonds at a conversion price of RMB 12.51 per share, resulting in approximately 149,805,835 shares [1] - Prior to the conversion, China Mobile held 5,785,049,012 shares of Shanghai Pudong Development Bank, representing about 17.80% of the bank's issued share capital [1] - Following the conversion, China Mobile's total holdings will increase to approximately 5,934,854,847 shares, which will account for about 18.15% of the bank's enlarged issued share capital, subject to adjustments due to settlement and clearing [1]

Core Viewpoint - China Mobile announced the exercise of conversion rights to convert its holdings of SPDB's convertible bonds into approximately 149,805,835 shares of SPDB A-shares at a conversion price of RMB 12.51 per share, effective on October 17, 2025 [1] Group 1 - The total face value of the convertible bonds being converted is RMB 1.874 billion [1] - Prior to the conversion, China Mobile held a total of 5,785,049,012 shares of SPDB A-shares, representing approximately 17.80% of SPDB's issued share capital [1] - After the conversion, the total shares held by China Mobile will increase to 5,934,854,847 shares, which will represent approximately 18.15% of the enlarged issued share capital of SPDB [1]

Core Viewpoint - China Mobile announced that Guangdong Mobile will exercise its conversion rights to convert a total face value of RMB 1.874 billion (approximately HKD 2.054 billion) of SPDB's A-share convertible bonds into approximately 150 million A-shares at a conversion price of RMB 12.51 (approximately HKD 13.71) per share by October 17, 2025 [1] Group 1 - The conversion allows Guangdong Mobile to subscribe to SPDB's A-shares at a price comparable to market trading prices [1] - This conversion will help SPDB replenish its core Tier 1 capital, enhancing its capital strength and risk resilience [1] - The group aims to better share in the operational results of SPDB through this conversion [1]

Core Viewpoint - China Mobile will convert its convertible bonds in Shanghai Pudong Development Bank into approximately 150 million A-shares at a conversion price of RMB 12.51 per share, which is beneficial for both parties involved [1] Group 1: Company Actions - Guangdong Mobile will exercise its conversion rights on October 17, 2025, converting a total face value of RMB 1.874 billion (approximately HKD 2.054 billion) of SPDB's A-shares [1] - The actual number of shares converted may vary due to settlement and clearing reasons [1] Group 2: Financial Implications - The conversion allows Guangdong Mobile to subscribe to SPDB's A-shares at a price comparable to market trading prices [1] - This action will help SPDB to replenish its core Tier 1 capital, enhancing its capital strength and risk resilience [1] - The move enables the group to better share in the operational performance of SPDB [1]

Core Viewpoint - As of October 15, 2025, the conversion rate of SPDB convertible bonds has exceeded 70%, significantly alleviating repayment pressure ahead of the conversion deadline on October 27, 2025 [2][4]. Summary by Sections SPDB Convertible Bonds - The total amount of SPDB convertible bonds converted into common stock is RMB 382.51 billion, with 30.28 billion shares converted, representing 10.3148% of the total common shares before conversion [3]. - The remaining unconverted amount is RMB 117.49 billion, accounting for 23.4984% of the total issuance [3]. Market Context - Among the seven existing bank convertible bonds, SPDB's conversion rate is significantly higher than others, with some bonds showing a conversion rate of 0% or less than 1% [2][7]. - The low conversion rates in other banks are attributed to a combination of "net asset value below par + high conversion price," indicating a need for banks to improve operational quality and market expectations [9]. Institutional Support - Key stakeholders, such as China Mobile, have actively supported SPDB by converting their holdings, increasing their shareholding from 17.00% to 18.18% [5]. - Other institutional investors, like Dongfang Asset, have also shown confidence in SPDB's future by increasing their stakes through market purchases and bond conversions [5]. Financial Implications - The conversion of bonds into equity enhances SPDB's core Tier 1 capital, improving its capital adequacy ratio and reducing financial costs by eliminating interest payments on the bonds [4]. - High conversion rates signal market confidence in SPDB's capital replenishment and profitability, providing a flexible capital management tool while avoiding dilution effects from direct equity issuance [4]. Comparative Analysis - The existing bank convertible bonds show a stark contrast in conversion rates, with SPDB and Xingye convertible bonds being the only ones with significant rates, while others remain low or at zero [7][9]. - The urgency for banks to repair their stock valuations is highlighted by the current "polarization" phenomenon in convertible bond conversion rates [8][9].

Core Insights - The collaboration between SPDB and Huibaichuan Fund marks the launch of the first batch of cross-border asset management pilot business in Hainan Free Trade Port, reflecting new developments in financial innovation [1][2] - The pilot business aims to expand the supply of cross-border financial products and create new channels for foreign investors to invest in the domestic market, while attracting domestic and foreign asset management institutions to Hainan [1][2] Group 1 - SPDB and Huibaichuan Fund have successfully implemented the first cross-border asset management pilot business, allowing foreign investors to subscribe to asset management products issued by Huibaichuan Fund through SPDB's Haikou branch [2] - This model integrates the introduction of foreign capital with closed-loop management, risk control, and efficient operation, serving as a significant supplement to China's high-level opening of capital markets and the internationalization of the RMB [2] - The collaboration showcases SPDB's and Huibaichuan Fund's commitment to national strategies and the innovative opening of the Hainan Free Trade Port, promoting the facilitation of cross-border investment and financing [2] Group 2 - SPDB plans to use its Haikou branch as a key service window for Hainan Free Trade Port construction, exploring deeper cooperation with domestic asset management institutions [3] - The bank aims to leverage its financial innovation advantages to continuously enrich the supply of cross-border asset management products [3] - The goal is to provide comprehensive, efficient, and professional cross-border financial management solutions for clients, contributing to the development of Hainan Free Trade Port [3]