Core Viewpoint - Shandong Province aims to reform and restructure rural commercial banks and village banks while deepening internal control and risk management actions in urban commercial banks, highlighting the importance of a well-distributed financial service network for regional economic vitality and development potential [2]. Financial Institutions Overview - As of now, Shandong Province has a total of 219 banking legal entities, including 170 first-level branches and 250 second-level branches, with a total of 639 headquarters and branches, supported by 14,700 other outlets [2]. - The core components of Shandong's banking industry include joint-stock banks, urban commercial banks, and rural commercial banks, which work collaboratively to outline a clear regional banking landscape [2]. Joint-Stock Banks - Joint-stock banks play a pivotal role in Shandong's banking sector, characterized by a "leading head, focused core, and precise efforts" strategy, connecting national financial markets with local economies [3][4]. - As of September 2025, Hengfeng Bank, the only national joint-stock commercial bank with independent legal status in Shandong, has total assets of 1.568726 trillion yuan, nearing the 1.6 trillion yuan mark [4]. - National joint-stock banks have established 25 first-level branches and 119 second-level branches in Shandong, with a notable presence in Jinan, Qingdao, and Yantai [4]. Urban Commercial Banks - Urban commercial banks are essential local financial institutions in Shandong, leveraging geographical and service advantages to empower local economies and improve livelihoods [5][6]. - Shandong has 14 local urban commercial banks, including Qilu Bank and Qingdao Bank, along with branches from three non-local urban commercial banks, forming a comprehensive service matrix across the province [5]. Rural Commercial Banks - Rural commercial banks are the most numerous banking entities in Shandong, with 110 institutions focused on serving rural areas and supporting agricultural development [7][8]. - These banks provide a full range of financial services, effectively addressing issues of financing difficulties in rural regions [7]. - Additionally, 91 village banks complement rural commercial banks by extending financial services to remote areas, creating a multi-layered and comprehensive rural financial service system [8]. Future Outlook - Despite facing challenges such as smaller scales and weaker risk resistance, rural commercial banks in Shandong are deepening reforms and enhancing service capabilities, with asset quality steadily improving [8]. - Experts suggest that the three banking groups—joint-stock banks, urban commercial banks, and rural commercial banks—should continue to leverage their strengths and address development challenges to support high-quality economic growth and rural revitalization in Shandong [8].

最近一周，国际国内金价出现大幅震荡，工行、农行、中行、建行、交行等多家国有大行以及部分股份 制银行，陆续调整积存金等贵金属相关业务规则，并同步发布市场风险提示，强化投资者风险管控要 求。此次各银行对于积存金业务的密集调整，距上一次调整仅过去两个月时间。随着投资门槛的不断上 调，积存金业务已不再是此前投资者眼中的"低门槛"业务。 金价坐上"过山车" 上周起，在开年以来被市场热捧的黄金，突然开启了令投资者心惊胆战的史诗级巨震，其价格形成明显 的"过山车"走势。1月30日，国际现货黄金在创下历史新高后突遭大跌，后迅速反弹，第二日金价再度 遭遇暴跌，并创下40年来的最大单日跌幅。虽然本周以来，金价有所反弹，但距离此前高点尚有较大缺 口。 1月26日，伦敦黄金现货价格首次突破每盎司5000美元，创历史新高。随后继续上涨，1月28日，伦敦黄 金现货价格突破每盎司5200美元。1月29日早盘冲破每盎司5500美元，并一度创下历史新高，虽然随后 金价略有回落，但已站稳5500美元/盎司。当日，国际金价的飙升迅速传导至国内市场，国内部分主流 金饰品牌报价刷新1700元/克，创下历史新高，单日价格上涨近百元。 1月30日，伦敦黄 ...

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report provides a comprehensive analysis of 163 regional banks in Zhejiang Province, highlighting their asset and liability structures, profitability, and asset quality [6][20] - The asset growth rate for major city commercial banks in Zhejiang is 9.4%, which is lower than the 14.2% growth rate of listed city commercial banks, while major rural commercial banks show an asset growth rate of 8.0%, exceeding the 6.7% growth rate of listed rural commercial banks [6][25] - The report indicates that the loan-to-asset ratio for city commercial banks is projected to reach 55.5% in 2024, an increase of 95 basis points year-on-year, while rural commercial banks will see a decrease to 59.3%, down 19 basis points [31] - Profitability metrics show that the average Return on Assets (ROA) for city commercial banks in Zhejiang is 0.78%, slightly above the average of listed city commercial banks, while rural commercial banks have an average ROA of 0.82%, which is below the average of listed rural commercial banks [6][31] - The asset quality of regional banks in Zhejiang is reported to be better than that of listed banks, with non-performing loan ratios lower by 16 basis points for city commercial banks and 9 basis points for rural commercial banks compared to their listed counterparts [6][31] Summary by Sections Section 1: Economic Structure of Zhejiang Province - Zhejiang Province is focused on high-quality development and aims to become a model for common prosperity [13] - The province's GDP is heavily concentrated in cities like Hangzhou, Ningbo, and Wenzhou, with Hangzhou accounting for 24.3% of the total GDP in 2025 [15] Section 2: Overview of 163 Regional Banks - The report categorizes the banks into city commercial banks, rural banks, and others, with a total of 163 banks in the region [20] - The distribution of registered capital among these banks is relatively balanced, with 63 banks having over 500 million yuan in registered capital [22] Section 3: Asset and Liability Structure - The asset growth of major city and rural commercial banks has been declining since 2019, with city banks showing a growth rate of 9.4% in the first half of 2025 [25] - The liability structure indicates that customer deposits account for 77.5% of liabilities for city commercial banks, which is higher than the 66.2% for listed city banks [44] Section 4: Profitability and Asset Quality - The average ROE for city commercial banks in Zhejiang is 11.98%, slightly lower than the average of listed city banks [6][31] - The report highlights that the non-performing loan ratio for city commercial banks is lower than that of listed banks, indicating better asset quality [6][31]

瑞财经发现，徐明杰与招商银行行长王良一样，都曾担任该行北京分行行长。 来源：银瑞社 招商银行新一任首席风险官，正式到任了。 2月2日，招商银行公告宣布，徐明杰招商银行首席风险官的任职资格已获得核准。 自从2025年10月，钟德胜因工作原因辞去首席风险官职务之后，市场一直在猜测，谁会接任这一职位。 没想到，会是刚进入核心管理层的徐明杰。 履历显示，徐明杰出生于1968年，现年58岁，于1995年9月加入招商银行，历任总行公司金融产品部总 经理助理、总行投资银行部总经理助理、总行投资银行部副总经理、总行授信执行部总经理、总行风险 管理部总经理、公司行长助理。 2024年1月-2025年9月，徐明杰兼任招商银行北京分行行长，2025年6月，开始担任招商银行副行长，至 今不过半年多时间。 2024年，徐明杰从该行获得的税前报酬总额201.71万元。 现年60岁的王良，正是从招商银行北京分行的基层员工打拼出来的高管。他自1995年6月加入招商银行 北京分行，自2001年10月起历任北京分行行长助理、副行长、行长，2012年6月任招商银行总行行长助 理兼任北京分行行长，并于2022年担任招商银行行长。 要知道，招商银行北 ...

2月2日，招商银行发布公告称，该行收到《国家金融监督管理总局关于徐明杰招商银行首席风险官任职资格的批复》 （金复〔2026〕60号）。根据上述批复，徐明杰招商银行首席风险官的任职资格已获得核准。 （招商银行） ...

Group 1 - The banking sector experienced a decline of 0.53% on February 3, with CITIC Bank leading the drop [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] - Individual stock performance in the banking sector showed mixed results, with Industrial Bank slightly up by 0.11% and CITIC Bank down by 2.03% [1] Group 2 - The banking sector saw a net outflow of 288 million yuan from institutional investors, while retail investors contributed a net inflow of 353 million yuan [2] - Specific stock flows indicated that Industrial Bank had a net inflow of 20.39 million yuan from institutional investors, while CITIC Bank had a net outflow of 29.66 million yuan [2] - Retail investors showed significant interest in several banks, with Minsheng Bank receiving a net inflow of 51.32 million yuan [2]

最新发布的业绩快报显示，截至2025年12月31日，招商银行不良贷款率0.94%，较上年末下降0.01个百 分点，是12家股份制银行中唯一低于1%的；拨备覆盖率391.79%，虽然较上年末下降 20.19个百分点， 但依然远超其他股份制银行。 资产规模方面，截至2025年12月31日，该行资产总额130705.23亿元，较上年末增加9184.87亿元，增幅 7.56%；负债总额117896.24亿元，较上年末增加8710.63亿元，增幅7.98%。 作为头部股份制银行，招商银行近年资产质量一直稳中向好。 2月3日晚，招商银行发布公告称，该行收到《国家金融监督管理总局关于徐明杰招商银行首席风险官任 职资格的批复》。根据上述批复，徐明杰招商银行首席风险官的任职资格已获得核准，其任期自2026年 1月30日起生效，至第十三届董事会届满之日止。 去年10月31日，招商银行曾发布公告称，该行首席风险官钟德胜因工作原因辞任，董事会同意聘任徐明 杰为首席风险官。如今国家金融监督管理总局核准徐明杰招商银行首席风险官的任职资格，意味着他正 式掌管该行风险防控工作。 简历显示，徐明杰是该行副行长，也是一名"老招行人"。他1968 ...

Core Viewpoint - Recent fluctuations in international gold and silver prices have prompted banks to adjust their operations and issue risk warnings to protect investors amid significant market volatility [1][2][4][5][6][7] Group 1: Market Fluctuations - On February 2, gold futures dropped below $4,500 per ounce, with silver prices experiencing a cumulative decline of approximately 40% from the peak on January 29, while gold prices fell by about 20% [1] - The recent volatility in precious metals is attributed to macroeconomic expectations, technical overbought conditions, and profit-taking by some investors, indicating a high volatility phase in the market [7] Group 2: Bank Responses - China Merchants Bank announced an increase in margin requirements for various gold and silver contracts from 60% to 70% to mitigate market risks [1] - The bank also suspended new account openings and new positions in its "Zhaocai Gold" business due to the changing market conditions [2] - Other banks, including Postal Savings Bank of China and Agricultural Bank of China, have issued similar warnings and adjusted their business practices to enhance risk management and protect client interests [2][4][5] Group 3: Risk Management Strategies - Banks are implementing a multi-layered approach to risk management, including increasing entry barriers, limiting leverage, and guiding rational investment behaviors [7] - The adjustments made by banks reflect a proactive stance in managing risks associated with precious metals trading, aiming to maintain market stability and protect investor interests [7]

中访网数据 招商银行股份有限公司于近日发布公告，宣布其首席风险官徐明杰的任职资格已获得国家 金融监督管理总局核准。根据公告披露的批复文件，监管机构已于2026年1月30日核准了徐明杰担任招 商银行首席风险官的任职资格。据此，徐明杰先生正式履新该职务，其任期自核准之日起生效，并将持 续至招商银行第十三届董事会任期届满为止。此次高管任职资格的获批，标志着招商银行风险管理核心 岗位完成了关键的人事安排，有助于保障公司治理结构的稳定与风险管理职能的持续有效运行。投资者 可通过该公司此前于2025年10月31日发布的董事会决议公告，查阅徐明杰先生的详细简历及相关背景信 息。 ...

■ 招商银行股份有限公司 关于首席风险官任职资格核准的公告 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。 招商银行股份有限公司（简称本公司或招商银行）收到《国家金融监督管理总局关于徐明杰招商银行首 席风险官任职资格的批复》（金复〔2026〕60号）。根据上述批复，徐明杰先生招商银行首席风险官的 任职资格已获得核准。 徐明杰先生担任本公司首席风险官的任期自2026年1月30日起生效，至本公司第十三届董事会届满之日 止。徐明杰先生的简历及相关信息请参阅本公司刊登在上海证券交易所网站（www.sse.com.cn）和本公 司网站（www.cmbchina.com）的日期为2025年10月31日的董事会决议公告。 特此公告。 招商银行股份有限公司董事会 2026年2月2日 ...