12月2日，国家金融监督管理总局山西监管局发布的《关于泽州浦发村镇银行股份有限公司解散的批复》显示， 同意解散泽州浦发村镇银行，该行全部资产、负债、业务、网点、人员及其他权利义务将由上海浦东发展银行 （简称"浦发银行"）承接。 批复明确，接此批复文件后，泽州浦发村镇银行应立即停止一切经营活动，于15个工作日内向当地监管缴回许可 证，并按照有关法律法规要求办理相关手续。 近期接连出手 值得一提的是，这并不是近期浦发银行承接的唯一一所村镇银行。 10月22日，哈尔滨银行公告称，该行2025年第三次临时股东大会投票审议并通过了四项议案，包括审议并批准关于 吸收合并重庆市大渡口融兴村镇银行、重庆市沙坪坝融兴村镇银行、重庆市武隆融兴村镇银行、讷河融兴村镇银行 改建支行的议案。 据泰安沪农商村镇银行早前披露，该行于9月底举行临时股东大会，审议一项吸收合并其他银行的议案，拟吸收合 并东平沪农商村镇银行、宁阳沪农商村镇银行。今年7月，海南农商行即召开临时股东大会，审议并通过了海南辖 内6家长江村镇银行风险化解相关事项的议案。 优化金融资源配置 11月26日，国家金融监督管理总局大连监管局批复显示，同意大连甘井子浦发村镇银行解 ...

此次两品种债券的成功发行，是浦发银行主动进行资本管理的体现。双品种设计与投资者的需求相适配，投资者广泛认购，市场信心彰 显，同时也展现出浦发银行对市场需求的深刻理解和精准把握。本次大规模资本的顺利补充，将进一步夯实浦发银行的总资本实力，为其 在复杂经济形势下继续保持业务稳健增长、持续服务国家重大战略和实体经济筑牢安全垫。 深化合作共筑新篇 申万宏源证券作为本期债券联席主承销商，在本期债券的发行过程中为浦发银行提供了专业的承销支持。通过协助浦发银行顺利完成此次 发行，进一步巩固了在大型股份制商业银行复杂资本工具发行领域的优势地位以及面对多样化市场环境与发行需求时的专业响应能力。本 项目的成功发行，强化了申万宏源证券与浦发银行的良好合作关系，为未来申万宏源在股份制商业银行资本工具创新领域的持续开拓积累 了宝贵经验。 免责 声 明 浦发银行二级资本债成功发行 NEWS 2025 年 11 月 17 日，上海浦东发展银行股份有限公司 2025 年第一期二级资本债 券成功发行。本期债券创新采用双品种发行机制，其中品种一发行规模 165 亿元，期 限 5+5 年，票面利率 2.17% ；品种二发行规模 35 亿元，期限 ...

Core Viewpoint - The launch of the offshore yen direct lending business by Pudong Development Bank's Hefei branch provides a new cross-border financing channel for enterprises, helping them reduce costs and optimize their financial structure [1] Group 1: Business Development - Pudong Development Bank's Hefei branch successfully issued 216 million yen to Anhui Jinyu Agricultural Technology Development Co., Ltd., marking a significant step in internationalization [1] - The offshore direct lending business offers notable advantages over traditional domestic loans, including significant cost benefits, flexible terms, and the ability to mitigate exchange rate risks [1] Group 2: Market Trends - The ongoing dual opening of China's financial industry is expected to create broader development opportunities for offshore direct lending businesses [1] - The successful implementation of the yen offshore direct lending business signifies an enhancement in Pudong Development Bank's capabilities in international financial services [1] Group 3: Strategic Focus - The bank aims to continue focusing on customer needs by providing professional and agile financial solutions to inject continuous cross-border financial support into the real economy [1]

Core Insights - The article focuses on the performance of minimum holding period RMB public offering products, ranking them based on annualized returns for holding periods of 7, 14, 30, and 60 days [1][4][12] Group 1: 7-Day Holding Period Products - The top-performing product is from Minsheng Bank with an annualized return of 4.17% [3] - Other notable products include: - Huishang Bank with 3.58% [3] - Bank of China with 2.96% [3] - Minsheng Bank's Fuzhu Pure Bond with 2.54% [3] - Bohai Bank with 2.39% [3] Group 2: 14-Day Holding Period Products - Minsheng Bank's product "Jingxiang Fixed Income Incremental Dual-Week" leads with a return of 34.68% [5] - Other significant products include: - Minsheng Bank's Fuzhu Pure Bond with 5.66% [5] - WeBank's "Anying" Stable Income with 4.47% [5] - SPDB's "Wealth Management Series" with 2.33% [5] Group 3: 30-Day Holding Period Products - Minsheng Bank's "Guizhu Fixed Income Incremental Monthly" tops the list with a return of 21.23% [9] - Other key products include: - Minsheng Bank's Fuzhu Fixed Income with 13.53% [9] - Bank of China with 7.64% [9] - Huishang Bank's "Happiness 99" with 6.07% [9] Group 4: 60-Day Holding Period Products - The leading product is from Minsheng Bank with a return of 15.12% [13] - Other notable products include: - CITIC Bank's Fuzhu Pure Bond with 8.94% [14] - Bank of China with 4.57% [14] - Huishang Bank's product with 3.46% [14]

Market Overview - On December 2, the shareholding banks sector declined by 0.26% compared to the previous trading day, with Pudong Development Bank leading the decline [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Individual Bank Performance - Citic Bank (601998) closed at 7.78 with no change in price, trading volume of 527,000 shares, and a transaction value of 412 million yuan [1] - Industrial Bank (601166) closed at 21.15, down 0.05%, with a trading volume of 531,500 shares and a transaction value of 1.122 billion yuan [1] - China Merchants Bank (600036) closed at 43.38, down 0.14%, with a trading volume of 406,700 shares and a transaction value of 1.766 billion yuan [1] - Huaxia Bank (600015) closed at 7.00, down 0.14%, with a trading volume of 486,300 shares and a transaction value of 340 million yuan [1] - Everbright Bank (601818) closed at 3.59, down 0.28%, with a trading volume of 2.2732 million shares and a transaction value of 815 million yuan [1] - Zhejiang Commercial Bank (601916) closed at 3.12, down 0.32%, with a trading volume of 1.3659 million shares and a transaction value of 426 million yuan [1] - Ping An Bank (000001) closed at 11.64, down 0.43%, with a trading volume of 768,100 shares and a transaction value of 895 million yuan [1] - Minsheng Bank (600016) closed at 4.12, down 0.72%, with a trading volume of 3.3482 million shares and a transaction value of 1.379 billion yuan [1] - Pudong Development Bank (600000) closed at 11.45, down 0.78%, with a trading volume of 503,300 shares and a transaction value of 578 million yuan [1] Capital Flow Analysis - The shareholding banks sector experienced a net outflow of 426 million yuan from main funds, while speculative funds saw a net inflow of 242 million yuan, and retail investors had a net inflow of 183 million yuan [1] - Citic Bank had a main fund net inflow of 56.67 million yuan, while retail investors contributed a net inflow of 8.34 million yuan [2] - Huaxia Bank saw a main fund net inflow of 20.20 million yuan, but retail investors had a net outflow of 1.99 million yuan [2] - Pudong Development Bank experienced a main fund net inflow of 0.89 million yuan, with a net outflow from retail investors of 32.71 million yuan [2] - Minsheng Bank had a significant main fund net outflow of 96.31 million yuan, while speculative funds saw a net inflow of 61.08 million yuan [2] - Industrial Bank faced a main fund net outflow of 101 million yuan, but retail investors contributed a net inflow of 82.80 million yuan [2]

批复明确，接此批复文件后，泽州浦发村镇银行应立即停止一切经营活动，于15个工作日内向晋城金融 监管分局缴回许可证，并按照有关法律法规要求办理相关手续。未尽事宜按照金融监管总局有关规定办 理。 北京商报讯（记者 孟凡霞 周义力）12月2日，国家金融监督管理总局山西监管局发布《关于泽州浦发村 镇银行股份有限公司解散的批复》，同意解散泽州浦发村镇银行，泽州浦发村镇银行全部资产、负债、 业务、网点、人员及其他权利义务将由上海浦东发展银行承接。 ...

证券研究报告·金融工程·金工定期报告 金工定期报告 20251202 预期高股息组合跟踪-20251128 2025 年 12 月 02 日 [Table_Tag] [Table_Summary] 投资要点 ◼ 2025 年 12 月组合最新持仓明细： | 序号 | 股票代码 | 股票简称 | 申万一级行业 | 建仓日期 | 权重 | | --- | --- | --- | --- | --- | --- | | 1 | 601838.SH | 成都银行 | 银行 | 2025/12/1 | 3.33% | | 2 | 601077.SH | 渝农商行 | 银行 | 2025/12/1 | 3.33% | | 3 | 600000.SH | 浦发银行 | 银行 | 2025/12/1 | 3.33% | | 4 | 600919.SH | 江苏银行 | 银行 | 2025/12/1 | 3.33% | | 5 | 601998.SH | 中信银行 | 银行 | 2025/12/1 | 3.33% | | 6 | 601658.SH | 邮储银行 | 银行 | 2025/12/1 | 3.33% | | 7 | ...

12月2日金融一线消息，国家金融监督管理总局山西监管局发布关于泽州浦发村镇银行股份有限公司解 散的批复，同意解散泽州浦发村镇银行股份有限公司，泽州浦发村镇银行全部资产、负债、业务、网 点、人员及其他权利义务将由上海浦东发展银行股份有限公司承接。 责任编辑：秦艺 12月2日金融一线消息，国家金融监督管理总局山西监管局发布关于泽州浦发村镇银行股份有限公司解 散的批复，同意解散泽州浦发村镇银行股份有限公司，泽州浦发村镇银行全部资产、负债、业务、网 点、人员及其他权利义务将由上海浦东发展银行股份有限公司承接。 责任编辑：秦艺 ...

Group 1 - The National Financial Supervision Administration approved the acquisition of Chongqing Tongliang Pudong Development Bank Co., Ltd. by Shanghai Pudong Development Bank [1] - The acquisition includes the assets, liabilities, business, and employees of Chongqing Tongliang Pudong Development Bank after the completion of asset verification [1] - Shanghai Pudong Development Bank is required to complete the establishment of its Chongqing Tongliang branch and apply for operational approval after the setup is finished [1] Group 2 - The approval mandates compliance with relevant laws such as the Company Law and the Commercial Banking Law of the People's Republic of China [1] - Chongqing Tongliang Pudong Development Bank is instructed to handle the dissolution of its legal entity as per regulations [1]

Core Viewpoint - The article emphasizes that technology finance has become a strategic focus for the banking industry, driven by policy guidance and market dividends, and highlights the ongoing exploration of effective lending mechanisms in this sector [1]. Group 1: Organizational Structure - All five banks prioritize technology finance in their strategic frameworks, with a consensus on the necessity of specialized teams and organizational setups to support this business [3][4]. - China Bank has established a multi-tiered organizational structure for technology finance, enhancing its ability to understand the needs of tech enterprises [3]. - SPD Bank aims to strengthen its position as the preferred banking partner for tech companies by creating a specialized organizational framework that includes a dedicated technology finance team [3]. Group 2: Product Offerings - Ping An Bank has set up technology finance centers at both the headquarters and key branches, focusing on a wide range of clients and offering products that span the entire business cycle, including investment banking and transaction banking services [4]. - Beijing Bank has developed a specialized technology finance system and launched the "Leading e-loan" product, which has seen significant uptake, with cumulative loans exceeding 140 billion yuan [5]. Group 3: Risk Management - The article discusses the challenges banks face in assessing the value and risks of tech companies, particularly smaller ones, due to their unique characteristics such as light assets and long R&D cycles [6]. - Ping An Bank has formed a research team to evaluate industry segments and has developed an evaluation system focusing on intellectual property and financial health [6][7]. - Beijing Bank has implemented a dual approach to risk assessment, combining offline credit committees with an online approval system to better understand tech enterprises [7]. Group 4: Market Dynamics - The article notes a mismatch between supply and demand in the technology finance sector, with a significant increase in loan coverage for tech SMEs but unmet needs from early-stage companies [8]. - SPD Bank has shifted its focus from traditional lending to technology investment banking, aiming for high-quality development in technology finance [8]. Group 5: Strategic Recommendations - Recommendations include focusing on the quality of development rather than just quantity, emphasizing product differentiation and innovation, and utilizing syndicate loans to spread risk [9][10]. - The article suggests that banks should collaborate to support promising tech enterprises, balancing equity and debt financing to mitigate risks associated with market fluctuations [9][10].