A 股简称：招商银行 A 股代码：600036 公告编号：2026-009 四、审议通过了《2025 年度外包风险管理报告》。 招商银行股份有限公司 董事会决议公告 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）于 2026 年 3 月 23 日以电子邮件方式 发出第十三届董事会第十二次会议通知，于 3 月 25 日以书面传签方式召开会议。 会议应参会董事 15 名，实际参会董事 15 名。会议的召开符合《中华人民共和国 公司法》和《招商银行股份有限公司章程》等有关规定。 会议审议通过了以下议案： 一、审议通过了《2025 年度压力测试报告》。 | | | 二、审议通过了《2025年度大类资产配置工作执行情况及2026年配置方案》。 同意：15 票 反对：0 票 弃权：0 票 三、审议通过了《2025 年度并表管理工作总结及 2026 年工作计划》。 同意：15 票 反对：0 票 弃权：0 票 同意：15 票 反对：0 票 弃权：0 票 五、审议通过了《2025 年度业务连续性管理工作报告》 ...

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份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 招商銀行股份有限公司 CHINA MERCHANTS BANK CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （H股股票代碼：03968） 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條而作出。 招商銀行股份有限公司董事會 2026年3月25日 於本公告日期，本公司的執行董事為王良及鍾德勝；本公司的股東董事（非執行 董事）為繆建民、石岱、鄧仁傑、江朝陽、朱立偉、黃堅及馬向輝；及本公司的 獨立非執行董事為田宏啟、李朝鮮、史永東、李健、黃玉山及盧力平。 A 股简称：招商银行 A 股代码：600036 公告编号：2026-009 招商银行股份有限公司 董事会决议公告 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。 海外監管公告 招商银行股份有限公司（简称本公司）于 2026 年 3 月 2 ...

Group 1 - The article promotes various credit card offerings with attractive benefits for new users, including fee waivers and rewards [4][21][12] - Specific cards mentioned include the Engineer Credit Card, American Express Centurion Card, and Tmall Supermarket Co-branded Card, each offering unique rewards for new applicants [7][8][11] - The article highlights promotional offers such as cashback, gift items, and discounts on dining for new cardholders [4][20][19] Group 2 - New users can receive various gifts upon meeting spending requirements, such as points, cash back, and vouchers [4][12][19] - The article emphasizes the referral program, where both the referrer and the referred can receive rewards upon successful application [21] - Existing cardholders are encouraged to apply for additional cards, which will share credit limits with their current cards but will not qualify for new user benefits [23]

Core Viewpoint - The former president of China Merchants Bank, Ma Weihua, emphasized the need to gather global financial wisdom to facilitate the flow of green capital to regions and sectors in need, particularly in the context of the global green transition and the significant funding gap for climate financing [3][4]. Group 1: Global Green Transition - The global green transition is an urgent requirement as the world faces developmental bottlenecks, with a predicted annual climate financing demand of $9 trillion by 2030 [3]. - Emerging markets and developing countries, which are expected to account for 80% of future energy demand growth, receive less than 15% of global green capital inflows, indicating a significant imbalance in capital distribution [3][4]. Group 2: Structural Challenges - There are three main structural challenges hindering the flow of green capital to developing countries: rating monopolies distorting risk pricing, inconsistent standards creating "regulatory barriers," and a severe lack of adaptable financial tools [4]. Group 3: Proposed Solutions - Establish a mutually recognized standard system to eliminate "regulatory barriers" for cross-border capital flow, promoting unified financial language through multilateral recognition of green finance standards [4]. - Innovate risk mitigation mechanisms to activate commercial capital's "liquidity potential," utilizing financial tools that balance risk and return, such as mixed financing and carbon-linked loans [4]. - Deepen South-South cooperation and enhance "Belt and Road" green financing to broaden practical channels for capital flow, including building international cooperation on green financial infrastructure [4].

Core Viewpoint - The announcement from China Merchants Bank highlights the increasing uncertainty and price volatility in the precious metals market, urging clients to enhance their risk awareness and adopt a rational approach to investment [1] Group 1: Market Conditions - The precious metals market is currently facing multiple uncertainty factors, leading to heightened price fluctuations [1] - Clients are advised to be aware of the risks associated with precious metals investments due to these market conditions [1] Group 2: Investment Recommendations - Clients should assess their financial situation, risk tolerance, and investment experience before engaging in precious metals trading [1] - It is recommended to control the scale of precious metals asset holdings and avoid short-term speculation or trend-following trading [1] - A long-term asset allocation perspective is encouraged for rationally configuring precious metals assets and managing overall investment volume [1] - Diversification in investment strategies is suggested to mitigate risks [1]

Core Viewpoint - Several major banks in China, including Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, and China Merchants Bank, have issued risk warnings regarding the precious metals market due to significant price volatility and increased market uncertainty [1][4][6][8][10]. Group 1: Risk Warnings from Banks - Banks are advising clients to enhance their risk awareness and to invest rationally based on their financial situation and risk tolerance [1][4][6][8]. - The banks recommend avoiding impulsive trading driven by short-term market emotions and suggest a long-term investment perspective to mitigate risks [2][4][6][8]. - Clients are encouraged to maintain a balanced and moderate allocation of precious metals and to monitor their positions and margin balances closely [4][6][8]. Group 2: Market Conditions - The global geopolitical risks and macroeconomic factors have contributed to increased volatility in both domestic and international precious metals markets [2][6]. - Recent data indicates that international gold prices have experienced significant declines, with London gold prices dropping over 8.7% and falling below the $4100 per ounce mark [12]. - As of the latest report, the spot gold price is approximately $4561.940 per ounce, reflecting a slight increase [12][13]. Group 3: Investment Strategies - Banks suggest a strategy of "total control, phased entry, and diversified layout" to build a more robust asset portfolio [2]. - It is recommended that investors consider long-term investments in non-leveraged options such as accumulation gold and gold ETFs to navigate the current high volatility [12].

Group 1 - The financial ETF Guotai (510230) opened at 1.287 yuan with a change of 0.00% on March 25 [1][2] - Major holdings in the financial ETF include China Ping An, which rose by 0.65%, and other banks such as China Merchants Bank (0.20%), Industrial Bank (0.32%), and CITIC Securities (0.16%) [1][2] - The performance benchmark for the financial ETF is the SSE 180 Financial Index, managed by Guotai Fund Management Co., Ltd., with a fund manager named Ai Xiaojun [1][2] Group 2 - Since its establishment on March 31, 2011, the financial ETF has achieved a return of 134.39%, while the return over the past month has been -3.80% [1][2]

Group 1 - The Shanghai Stock Index ETF (510210) opened at 0.977 yuan, with a gain of 0.21% on March 25 [1][2] - Major holdings of the ETF include Agricultural Bank (0.00%), China Petroleum (-3.09%), Kweichow Moutai (0.20%), Industrial Fulian (1.13%), Bank of China (-0.18%), Zijin Mining (4.04%), China Shenhua (-2.06%), China Life (0.28%), China Merchants Bank (0.20%), and Ping An Insurance (0.65%) [1][2] - The ETF's performance benchmark is the Shanghai Composite Index, managed by Fortune Fund Management Co., with fund managers Fang Min and Wang Baohe [2] Group 2 - Since its establishment on January 30, 2011, the ETF has achieved a return of 106.07%, while the return over the past month is -5.74% [2] - A MACD golden cross signal has formed, indicating a positive trend for certain stocks [3]

Group 1 - The Shanghai 50 ETF (510050) opened at 2.911 yuan, with an increase of 0.38% on March 25 [1][2] - Major holdings in the Shanghai 50 ETF include Kweichow Moutai, which rose by 0.20%, Ping An Insurance up by 0.65%, Zijin Mining up by 4.04%, and others like China Merchants Bank and Industrial Bank showing slight increases [1][2] - The Shanghai 50 ETF has a performance benchmark of the Shanghai 50 Index, managed by Huaxia Fund Management Co., with a return of 397.48% since its inception on December 30, 2004, and a recent one-month return of -6.98% [1][2] Group 2 - The MACD golden cross signal has formed, indicating a positive trend for certain stocks [3]

Core Viewpoint - The recent adjustments in gold trading spreads by China Merchants Bank are a response to significant fluctuations in the international gold market, aiming to mitigate risks associated with these changes [1][2]. Group 1: Company Actions - China Merchants Bank announced an adjustment to the trading spread for its gold account business, increasing the buy spread by 2 CNY per gram, resulting in a new spread of 5 CNY per gram effective from March 23 until June 27 [1]. - The bank's customer service indicated that this adjustment aligns with market conditions, noting that many peer institutions have also raised their spreads in response to market changes [1]. - The adjusted spread means that if the gold price is displayed at 1000 CNY per gram, the buying price will be 1002 CNY per gram and the selling price will remain at 997 CNY per gram, reflecting a new spread of 5 CNY per gram [1]. Group 2: Market Context - The adjustments come amid significant volatility in the international gold market, with the London gold spot price dropping below 4500 USD per ounce, marking a weekly decline of 10.49%, the largest since March 1983 [2]. - On March 23, the international gold price experienced a sharp decline, with intraday losses exceeding 8%, marking the ninth consecutive day of decline [2]. - Other banks, such as China Construction Bank and Industrial Bank, have also implemented changes to their precious metals trading operations in response to market instability, including dynamic trading limits and the closure of certain trading channels [4].