Core Viewpoint - The ongoing trend of credit card debt transfer among banks is a response to rising non-performing loans and capital pressure, aiming for both short-term risk clearance and long-term credit structure optimization [1][5]. Group 1: Credit Card Debt Transfer Activities - Multiple banks, including Ping An Bank, SPDB, Ningbo Bank, and Huaxia Bank, have announced batch transfers of credit card debts to local asset management companies (AMCs) [3][4]. - Ping An Bank has issued four announcements in October alone regarding the transfer of credit card debts, emphasizing the obligation of debtors to repay the new creditors [3][4]. - The trend is not isolated, as SPDB and Ningbo Bank have also engaged in similar debt transfer agreements with AMCs, highlighting a collective industry movement [4][5]. Group 2: Industry Context and Trends - The transfer of credit card non-performing loans has become a norm in the industry, driven by stricter regulations and rising non-performing loan rates [7][9]. - Data from the first quarter of 2025 indicates that the scale of personal non-performing loan transfers reached 37.04 billion, a year-on-year increase of 7.6 times, with credit card overdrafts accounting for 5.19 billion [8]. - The efficiency of batch transfers compared to traditional collection methods is noted, as it allows banks to quickly offload non-performing assets and reduce capital occupation [9][10]. Group 3: Financial Health and Risk Management - As of mid-2025, the total non-performing credit card loans across 11 banks reached 162.69 billion, with a year-to-date increase of 5.885 billion [10][11]. - The rise in non-performing loans is attributed to aggressive card issuance practices and economic pressures affecting borrowers' repayment capabilities [10][11]. - Differentiated strategies for managing non-performing assets are recommended, with larger banks advised to explore asset securitization while smaller banks focus on batch transfers [11][12]. Group 4: Recommendations for Future Management - To achieve long-term non-performing asset clearance, banks must enhance their risk management frameworks, focusing on credit assessment and customer education [12]. - The implementation of technology in risk management, such as AI for predictive modeling and monitoring, is suggested to improve efficiency in identifying potential defaults [12].

Core Viewpoint - Minsheng Bank (01988.HK) announced an earnings briefing scheduled for October 31, 2025, from 15:00 to 16:00, to provide investors with a comprehensive understanding of its Q3 2025 performance and operational status [1] Summary by Category - **Earnings Briefing**: The company will hold an earnings briefing to address common investor concerns regarding its performance and operations [1]

Core Viewpoint - Minsheng Bank (01988.HK) announced an earnings briefing scheduled for October 31, 2025, from 15:00 to 16:00, to provide investors with a comprehensive understanding of its Q3 2025 performance and operational status, addressing commonly raised investor concerns [1] Summary by Category - **Earnings Briefing Announcement** - The company will hold an earnings briefing to discuss Q3 2025 performance [1] - The event is aimed at facilitating deeper insights for investors [1] - The briefing is scheduled for October 31, 2025, from 15:00 to 16:00 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 中國民生銀行股份有限公司 CHINA MINSHENG BANKING CORP., LTD. （在中華人民共和國註冊成立的股份有限公司） （股份代號：01988） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條由中國民生銀行 股份有限公司（「本行」）作出。 茲載列本行在上海證券交易所網站及中國報章刊登之《中國民生銀行股份有限公 司關於召開2025年第三季度業績說明會的公告》，僅供參閱。 承董事會命 中國民生銀行股份有限公司 董事長 高迎欣 中國，北京 2025年10月24日 於本公告日期，本行執行董事為高迎欣先生、王曉永先生及張俊潼先生；非執行 董事為劉永好先生、史玉柱先生、宋春風先生、趙鵬先生、梁鑫傑先生及林立先 生；獨立非執行董事為曲新久先生、溫秋菊女士、宋煥政先生、楊志威先生、程 鳳朝先生及劉寒星先生。 证券简称：民生银行 A 股代码：600016 优先股简称：民生 ...

证券简称：民生银行 A 股代码：600016 优先股简称：民生优 1 优先股代码：360037 编号：2025-041 1 会议召开时间：2025 年 10 月 31 日（星期五）15:00 - 16:00 会议召开方式：电话会议，投资者可以通过拨打电话参加本次业绩说明会。 投资者可于 2025 年 10 月 31 日（星期五）12:00 前将相关问题通过电子邮 件的形式发送至中国民生银行股份有限公司（以下简称"本行"）电子邮箱： cmbc@cmbc.com.cn。本行将于 2025 年第三季度业绩说明会（以下简称"业 绩说明会"）上对投资者普遍关注的问题进行回答。 二、业绩说明会召开的时间、方式 中国民生银行股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本行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： 为了便于广大投资者更全面深入地了解本行 2025 年第三季度业绩和经营情况， 本行拟于 2025 年 10 月 31 日 15:00-16:00 召开业绩说明会，就投资者普遍关心的问 题进行交流。 ...

Market Overview - On October 24, the share price of the joint-stock bank sector fell by 0.48%, with Minsheng Bank leading the decline [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Individual Bank Performance - Huaxia Bank closed at 7.02, with a slight increase of 0.29% and a trading volume of 1.434 million shares, totaling 1.012 billion yuan [1] - Pudong Development Bank closed at 12.98, up 0.08%, with a trading volume of 1.833 million shares, totaling 2.383 billion yuan [1] - CITIC Bank closed at 7.94, down 0.25%, with a trading volume of 738,100 shares, totaling 586 million yuan [1] - Everbright Bank closed at 3.53, down 0.28%, with a trading volume of 3.765 million shares, totaling 1.335 billion yuan [1] - Ping An Bank closed at 11.56, down 0.60%, with a trading volume of 980,500 shares, totaling 1.138 billion yuan [1] - China Merchants Bank closed at 41.95, down 0.69%, with a trading volume of 698,800 shares, totaling 2.939 billion yuan [1] - Industrial Bank closed at 20.60, down 0.77%, with a trading volume of 871,100 shares, totaling 1.802 billion yuan [1] - Zheshang Bank closed at 3.10, down 0.96%, with a trading volume of 2.049 million shares, totaling 638 million yuan [1] - Minsheng Bank closed at 4.12, down 0.96%, with a trading volume of 7.145 million shares, totaling 2.968 billion yuan [1] Fund Flow Analysis - The joint-stock bank sector experienced a net outflow of 835 million yuan from institutional investors, while retail investors saw a net inflow of 528 million yuan [1] - The following banks had notable fund flows: - Huaxia Bank saw a net inflow of 39.617 million yuan from institutional investors, but a net outflow of 22.272 million yuan from speculative funds [2] - Industrial Bank had a net outflow of 24.775 million yuan from institutional investors, with a net inflow of 9.616 million yuan from speculative funds [2] - Minsheng Bank experienced a significant net outflow of 99.226 million yuan from institutional investors, while retail investors contributed a net inflow of 51.070 million yuan [2] - China Merchants Bank had a net outflow of 21.4 million yuan from institutional investors, with a net inflow of 117 million yuan from speculative funds [2]

Group 1 - The Hang Seng Index rebounded, closing up 0.72%, with the internet sector leading the gains, followed by banking, industry, technology, and real estate sectors [1] - The internet sector saw a rise of 1.07%, with Meituan up 4.06%, Alibaba up 1.67%, Tencent Holdings up 1.52%, JD Group up 1.5%, and Baidu Group up 1.22%. However, companies like SenseTime, Bilibili, and Kingdee International experienced declines [3] - The banking sector opened strong and maintained a consolidation above the midline, closing up 0.88%, with Postal Savings Bank rising 4.59% and Minsheng Bank up 2.39% [3] Group 2 - The consumer sector rebounded, closing up 0.35%, with notable gains from companies like Chenzi Biological up 6.68%, Li Ning up 6.55%, and Sands China up 4.4% [3] - The healthcare sector opened low and saw a slight reversal near the end, closing down 1.31%, with CSPC Pharmaceutical down 2.96% and China Biopharmaceutical down 2.78% [3]

Group 1 - Recent fluctuations in precious metal prices have led several banks to raise the investment threshold for gold accumulation business to above 1000 RMB [1] - On October 21, Industrial Bank announced an increase in the minimum purchase amount for its gold accumulation business from 1000 RMB to 1200 RMB, while the weight-based purchase threshold remains unchanged at 1 gram [1] - Ping An Bank also adjusted its gold accumulation business, raising the minimum investment amount for its regular investment plan from 900 RMB to 1100 RMB starting October 24, 2025 [1] Group 2 - A number of banks had already issued risk warnings regarding precious metal market fluctuations in early October, with China Construction Bank issuing its third warning since late September on October 17 [2] - Other banks, including China Merchants Bank, Minsheng Bank, Everbright Bank, and CITIC Bank, have also joined in issuing risk alerts related to gold prices [2] - Bank staff have been actively informing clients about price volatility risks, emphasizing the importance of rational investment in gold products [2] Group 3 - In addition to adjustments in gold accumulation business, several banks have ceased to provide personal precious metal business services, with Postal Savings Bank announcing the termination of its related services [3] - On October 21, international precious metal markets experienced significant adjustments, with notable declines in gold and silver prices due to various factors, including profit-taking and shifts in macroeconomic policy expectations [3] - Despite the volatility, gold retains its status as a safe-haven asset, and investors are advised to monitor market changes closely and allocate assets wisely without impulsively chasing price movements [3]

Market Performance - The banking sector saw an increase of 0.79% on October 23, with Minsheng Bank leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Individual Bank Performance - Minsheng Bank's stock price rose by 2.72% to 4.16, with a trading volume of 9.1 million shares and a transaction value of 374.2 million [1] - Industrial Bank's stock increased by 1.76% to 20.76, with a trading volume of 1.29 million shares and a transaction value of 2.669 billion [1] - China Everbright Bank's stock rose by 1.14% to 3.54, with a trading volume of 4.34 million shares and a transaction value of 1.529 billion [1] - Ping An Bank's stock price increased by 0.95% to 11.63, with a trading volume of 1.37 million shares and a transaction value of 1.593 billion [1] - China Merchants Bank's stock rose by 0.69% to 42.24, with a trading volume of 713,200 shares and a transaction value of 3.005 billion [1] Fund Flow Analysis - The banking sector experienced a net inflow of 170 million from institutional investors, while retail investors saw a net outflow of 80.92 million [1] - The detailed fund flow for individual banks shows varying levels of net inflow and outflow among different banks [2] Individual Bank Fund Flow - Ping An Bank had a net inflow of 11.5 million from institutional investors, but a net outflow of 61.34 million from retail investors [2] - China Merchants Bank saw a net inflow of 73.01 million from institutional investors, with a net outflow of 84.46 million from retail investors [2] - Minsheng Bank had a net inflow of 40.1 million from institutional investors, while retail investors contributed a net inflow of 62.56 million [2] - Industrial Bank experienced a net outflow of 37.22 million from institutional investors and a net outflow of 71.06 million from retail investors [2]

Core Viewpoint - Minsheng Bank's stock price has shown fluctuations, with a recent increase of 2.22% on October 23, 2023, indicating potential investor interest and market activity [1][2]. Group 1: Stock Performance - Year-to-date, Minsheng Bank's stock price has increased by 5.29%, with a 1.97% rise over the last five trading days and a 1.22% increase over the last 20 days. However, there has been an 18.73% decline over the past 60 days [2]. - As of October 23, 2023, the stock price reached 4.14 yuan per share, with a total market capitalization of 181.26 billion yuan [1]. Group 2: Financial Metrics - For the first half of 2025, Minsheng Bank reported a net profit attributable to shareholders of 21.38 billion yuan, reflecting a year-on-year decrease of 4.87% [3]. - The bank's revenue for the same period was reported as 0.00 yuan, indicating potential operational challenges [3]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 299,400, a reduction of 11.41% from the previous period, while the average circulating shares per person increased by 13.60% to 125,547 shares [3]. - The bank has distributed a total of 148.37 billion yuan in dividends since its A-share listing, with 33.19 billion yuan distributed over the last three years [4]. Group 4: Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the tenth largest circulating shareholder, holding 1.241 billion shares, an increase of 181 million shares from the previous period [4].