新华财经上海12月9日电（记者 王淑娟）8日，2025并购金融大会在上海举办。"并购发展和产业发展必然是同步而行，产业兴、经济兴，并购一定要赶上 来。"浦发银行董事长张为忠在致辞中表示，经济转型升级正处于关键时期，并购重组是重要驱动力，也是加速器和催化剂，未来并购市场将进入以产业整 合为核心的高度活跃期。 张为忠指出，政策、产业与资本已形成推动并购市场发展的"三重奏"。随着"国九条""科八条""并购六条"等政策密集出台，产业发展呈现三大特征：一是从 规模扩张转向质量并重，推动高质量发展落地；二是科技创新与产业深度融合，形成融合驱动态势；三是产业布局聚焦战略性新兴产业与未来产业，核心逻 辑从多元扩张转向纵深发展，产业链"补链、强链、延链"成为重点。 ===== 开 购 金融 大 会 AMILANIL 并购市场是观察产业整合和资本流动的重要窗口。张为忠表示，政策推动叠加市场拉动、科技驱动，今年并购市场出现了爆发式增长的态势。去年以来国家 鼓励科技创新、产业升级和新质生产力的市场化并购战略方向，上海在这方面独具优势。上海"并购十二条"等配套政策落地，叠加高端制造业研发能力、科 技产业前瞻布局等优势，为并购市场提供了 ...

在《上海市支持上市公司并购重组行动方案（2025—2027年）》（下称上海"并购十二条"）发布一周年之际，2025年并购金融大会12月8日在沪举行。 活动现场，"中国并购综合指数（2025）"对外发布，浦发银行、太保集团、国泰海通证券作为核心发起机构发起成立"并购联盟"。 政策暖风激发并购市场活力 并购重组对提升企业竞争力、推动科技创新、培育新质生产力具有深远意义。去年印发的上海"并购十二条"提出，力争到2027年，将上海打造成为产业 能级显著提升、并购生态更加健全、协作机制多元长效的上市公司并购重组先行区和示范区。 "并购重组既是资本市场优化资源配置的核心抓手，也是培育新质生产力、驱动经济转型升级的重要引擎。"上海市政府副秘书长、市发展改革委主任顾 军指出，上海"并购十二条"发布一年来，上海并购市场呈现"量质齐升"的良好态势。上海在集成电路、生物医药、人工智能等重点领域推动一批标杆案例成 功落地，以并购重组切实提升产业集群的核心竞争力。他勉励金融机构勇当"主力军"，各类企业争做"排头兵"，市区部门做好"服务员"，努力将上海打造成 为全球并购重组的首选地。 图为上海市政府副秘书长、市发展改革委主任顾军致辞 会 ...

转自：北京日报客户端 据国家金融监督管理总局陕西监管局官网消息，日前，上海浦东发展银行股份有限公司获批收购陕西省 韩城浦发村镇银行、扶风浦发村镇银行，并设立分支机构。 两份批复显示，浦发银行在收购两家银行后，将分别设立上海浦东发展银行股份有限公司渭南韩城支 行、上海浦东发展银行股份有限公司宝鸡扶风支行，并承接其清产核资后的资产、负债、业务和员工 等。 长安街知事注意到，收购前，浦发银行是这两家村镇银行的控股股东。它们属一级法人机构，是由浦发 银行作为主发起行，吸收当地优良民间资本，共同发起设立的。 收购后，浦发银行将这两家村镇银行纳入统一管理体系，成为其支行。 11月以来，浦发银行正以密集动作承接旗下多家村镇银行，将它们改为支行，包括：辽宁大连甘井子浦 发村镇银行、山西泽州浦发村镇银行、重庆铜梁浦发村镇银行、新疆乌鲁木齐米东浦发村镇银行、山东 邹平浦发村镇银行、云南昆明富民浦发村镇银行、浙江平阳浦发村镇银行等。 2025年政府工作报告强调，按照市场化、法治化原则，统筹推进地方中小金融机构的风险处置与转型发 展。中央一号文件则明确提出，"一省一策"加快农村信用社改革，稳妥有序推进村镇银行改革重组。 1月，金融监 ...

12月8日，在《上海市支持上市公司并购重组行动方案（2025-2027年）》（简称上海"并购十二条"）发布一周年之际，2025年并购金融大会在沪举行。活动 现场，"中国并购综合指数（2025）"对外发布，浦发银行、太保集团、国泰海通证券作为核心发起机构发起成立"并购联盟"，产业链各环节携手助力提升上 海国际金融中心服务能级，推动并购重组市场高质量发展。 指数洞察：政策暖风激发并购市场活力 并购重组对提升企业竞争力、推动科技创新、培育新质生产力具有深远意义。近年来，中央和地方政府围绕并购重组密集出台一系列重磅支持政策，政策红 利持续释放，市场活力不断激发，标杆案例密集涌现。去年印发的上海"并购十二条"提出，力争到2027年，将上海打造成为产业能级显著提升、并购生态更 加健全、协作机制多元长效的上市公司并购重组先行区和示范区。 "并购重组既是资本市场优化资源配置的核心抓手，也是培育新质生产力、驱动经济转型升级的重要引擎。"上海市政府副秘书长、市发展改革委主任顾军在 致辞中指出，上海"并购十二条"发布一年来，上海并购市场呈现"量质齐升"的良好态势。上海在集成电路、生物医药、人工智能等重点领域推动一批标杆案 例成功落 ...

Core Viewpoint - The banking sector showed a slight increase on December 8, with the Shanghai Composite Index rising by 0.54% and the Shenzhen Component Index increasing by 1.39% [1] Group 1: Stock Performance - The banking sector rose by 0.0% compared to the previous trading day, with Huaxia Bank leading the gains [1] - Key stock performances include: - Huaxia Bank: Closed at 6.94, up 1.31% with a trading volume of 705,500 shares and a turnover of 488 million [1] - Pudong Development Bank: Closed at 11.39, up 1.15% with a trading volume of 894,200 shares and a turnover of 1.017 billion [1] - Everbright Bank: Closed at 3.56, up 1.14% with a trading volume of 2.4126 million shares and a turnover of 858 million [1] - Other banks showed mixed results, with some experiencing slight declines [1] Group 2: Capital Flow - The banking sector experienced a net inflow of 171 million in main funds, while retail investors saw a net outflow of 1.44 billion [1] - Detailed capital flow for selected banks includes: - China Merchants Bank: Net inflow of 114 million, with a 4.53% share of main funds [2] - Huaxia Bank: Net inflow of 69.04 million, with a 14.13% share of main funds [2] - Minsheng Bank: Net inflow of 65.87 million, with a 5.17% share of main funds [2] - Other banks like Ping An Bank and CITIC Bank experienced net outflows [2]

新华财经上海12月8日电（记者王淑娟）近日，摩尔线程在科创板上市，市值一度突破2800亿元，成为 我国半导体自主创新进程中的重要里程碑。这家被寄予厚望的"国产GPU第一股"企业，用五年时间完成 了一场从"0"到"1"的华丽蜕变。从初创期的研发攻坚，到如今的资本腾飞，浦发银行与摩尔线程相伴同 行，用专业眼光和勇气担当，为新质生产力崛起注入关键的"金融推力"。 为技术攻坚提供关键助力 不同于一般的芯片设计公司，摩尔线程自创立之初就选择了一条"少有人走的路"——研发全功能GPU。 这是芯片行业公认的"珠穆朗玛峰"，技术门槛极高，但战略意义重大。要实现从硬件架构设计到软件生 态构建的全面突破，意味着需要持续、高强度的研发投入。 时间回溯到2024年，就在摩尔线程成功搭建首个国产全功能GPU千卡智算集群，进入向全功能GPU技术 发起总攻的关键节点，现金流也开始面临严峻考验。 "硬科技"企业大多有一流的技术团队、宏大的战略蓝图，但缺乏足够的抵押物和好看的财务报表，并不 符合传统银行信贷标准。 2024年5月，在人民银行中关村分行举办的一场业务交流会上，浦发银行北京分行团队了解到摩尔线程 的金融需求，当即便与企业建立了联系 ...

Core Insights - Shanghai has seen a significant improvement in its global rankings over the past five years, achieving six increases, two stable positions, and two decreases across ten authoritative global city rankings, solidifying its position as a leader in the second tier of global cities and striving to advance to the first tier [1][2] Group 1: Economic Performance - In the first three quarters of this year, Shanghai's GDP reached 40,721 billion yuan, reflecting a year-on-year growth of 5.5% [2] - The output value of strategic emerging industries accounted for 44.1% of the total industrial output value, with the three leading industries experiencing an 8.5% year-on-year growth [2] - The total import and export volume from January to October reached 37,000 billion yuan, marking a 5.2% year-on-year increase [3] Group 2: Financial Center Development - In 2024, Shanghai's major financial markets recorded a total transaction volume of 32,842.2 trillion yuan, which is an 11.6% increase compared to the previous year [2] - Shanghai hosts nearly 1,800 licensed financial institutions, with foreign financial institutions accounting for over 30% of this total [2] Group 3: International Trade and Shipping - Shanghai Port became the first port to exceed a container throughput of 50 million standard containers last year, and the airport handled over 100 million passengers [3] - Shanghai has ranked third globally in the Xinhua-Baltic International Shipping Center Index for six consecutive years [3] Group 4: Technological Innovation - Shanghai ranks sixth globally in the best technology clusters, indicating a concentration and vibrancy of technological innovation [3] - The city aims to enhance its role as a hub for international technology innovation by integrating clinical trial resources and optimizing regulatory frameworks [7] Group 5: Strategic Recommendations - To strengthen the "Five Centers" construction, Shanghai needs to enhance four key effects: overall effect, platform effect, amplification effect, and radiation effect [4] - The city should focus on creating a complete offshore financial system and improve the efficiency of offshore RMB payment and settlement [7] - Shanghai is encouraged to leverage its system integration advantages to drive the construction of a modern industrial system through technological innovation [5]

Core Viewpoint - The acceleration of mergers and restructuring among small and medium-sized banks in China is a necessary choice for the financial system to actively mitigate risks and optimize its structure to adapt to the new stage of economic development [6][7]. Group 1: Current Trends in Banking Sector - Over 368 banks have been deregistered this year due to regulatory approvals for mergers or dissolutions, surpassing the total for the entire previous year, with 176 of these being village banks [3][4]. - Notable mergers include the acquisition of Jinzhou Bank by Industrial and Commercial Bank of China (ICBC), marking a significant case of a state-owned bank acquiring a city commercial bank [3][4]. Group 2: Reasons for Restructuring - The restructuring is driven by the need for small and medium-sized banks to survive and develop in a competitive market dominated by larger banks, which have better resources and customer bases [6]. - Many small banks face challenges such as high operating costs, weak risk management capabilities, and high non-performing asset ratios, making them vulnerable in a changing macroeconomic environment [6][7]. Group 3: Future Outlook - The goal of the restructuring process is not merely to reduce the number of banks but to enhance governance and develop specialized operations that effectively serve local economies and promote inclusive finance [5][6]. - Experts suggest that while restructuring can lower regional financial risks and optimize resource allocation, care must be taken to avoid negatively impacting rural financial services [7].

Group 1 - Mergers and acquisitions (M&A) have become a key engine for driving technological innovation, industrial upgrading, and cultivating new productive forces in China [1] - The 2025 M&A Financial Conference will be held on December 8 in Shanghai, focusing on the theme "M&A Empowering Industrial Upgrading, Ecological Synergy Reshaping Momentum" [1] - The conference will release significant outcomes, including the "China M&A Comprehensive Index" and the "Action Plan for M&A Alliance Supporting Shanghai International Financial Center Construction" [1] Group 2 - China has introduced a series of supportive policies for capital market reform and M&A, including the new "National Nine Articles," "Science Eight Articles," and "M&A Six Articles" [2] - The Shanghai government has proactively developed the "Shanghai Action Plan for Supporting Listed Companies' M&A (2025-2027)" to accelerate the establishment of a global M&A center [2] - The conference will feature discussions on new experiences, trends, and outcomes in the M&A financial wave, focusing on the implementation of the "M&A Twelve Articles" [2] Group 3 - The "China M&A Comprehensive Index Report (2025)" will be released to objectively and accurately reflect the overall activity and development trends of the Chinese M&A market [3] - This report is the first to integrate data from capital market M&A, equity trading data from property rights exchanges, and private equity investment data, focusing on five core dimensions: activity, scale, efficiency, environment, and effectiveness [3] - The report will also introduce sub-indices for the Yangtze River Delta region and research-driven M&A, tracking the dynamics and structural characteristics of M&A under innovation [3] Group 4 - The M&A process requires deep collaboration among financial and professional service institutions and various industry chain participants to enhance synergy [4] - Shanghai Pudong Development Bank (SPDB) has been a pioneer in the domestic M&A financial sector since establishing a specialized M&A financial service team in 2005 [4] - SPDB has launched the "Puying M&A" super product and established a central M&A business center, aiming to become the preferred bank for M&A finance, with domestic and foreign M&A loan issuance exceeding 100 billion yuan in 2023 [4]

浦发银行的"村改支"进程持续提速。 业绩"翻身仗" 12月3日，大连甘井子浦发村镇银行收到大连金监局发布的解散批复，这家成立了15年的村镇银行将正式并入浦发银行体系，成为大连梭鱼湾支行。 无独有偶，今年以来，浦发银行旗下已有富民、泽州、邹平等6家村镇银行相继完成"村改支"，村镇银行数量已缩减至22家。 对于村镇银行而言，纳入总行体系后的风控、数字化水平与资源配置能力都将有显著提升； 这既响应了监管压实发起行责任、加快中小金融机构改革化险的要求，亦呼应了近期浦发银行管理层对于"适度下沉经营网络"的表态。 在息差收窄与中收乏力的近几年，县域市场凭借差异化的产业基础和未被充分开发的消费潜力成长为新蓝海，国股行主动向下沉市场要增量，早已不是新鲜 事。 浦发银行成为了参与者之一。 利率下行周期中，浦发银行在资产定价与揽储上的短板持续暴露，净息差处于股份行下游；加之2017年成都分行造假案的千亿坏账余波未平，该行业绩常年 笼罩在阴霾之下。 2024年起，以张为忠为董事长、谢伟为行长的新一届管理团队陆续就位，提出聚焦"数智化"转型，主攻科技、供应链、普惠、跨境和财资"五大赛道"，激活 对公基因； 这一过程中，下沉县域正在成 ...