2025年9月25日，招商银行（600036）发布公告称，根据《国务院办公厅关于2025年部分节假日安排的 通知》要求，现将国庆中秋假期期间招商银行个人"境外汇款"业务安排通告如下。 如有疑问，欢迎致电招商银行客户服务热线咨询。 2025年10月1日至2025年10月8日假期期间，招商银行电子渠道、柜面渠道（因节假日停业的网点除外） 可受理个人"境外汇款"申请，资金将于节后第一个工作日开始处理（特殊情形除外），审核无误后汇出 招商银行。受境内外假期影响，临近假期提交的相关业务可能会延迟至节后处理，请您提前做好资金安 排，由此给您带来不便，敬请谅解。 ...

Group 1 - The "2025 China Top 500 Enterprises" list was recently released by the China Enterprise Confederation and the China Enterprise Directors Association, highlighting the leading companies in China [1] - Guangdong province has 54 companies listed, ranking third among all provinces, following Beijing and Zhejiang [1] - Shenzhen is a significant contributor, with 27 of the 54 companies from Guangdong located there, representing half of the total [1] Group 2 - The top five companies from Guangdong on the list include Ping An Insurance, China Resources, Huawei, China Southern Power Grid, and BYD, showcasing the strength of these enterprises [2] - Guangzhou has 17 companies listed, with three being private enterprises: Guangdong Haid Group, Vipshop, and Kingfa Sci & Tech [2] - Notably, companies like Xiyin from Guangzhou and major smartphone manufacturers OPPO and VIVO from Dongguan are believed to meet the criteria for the top 500 but did not make the list this time [2]

Core Viewpoint - Since September, local small and medium-sized banks have been continuously lowering deposit interest rates to alleviate net interest margin pressure and follow the lead of larger banks [1][3]. Group 1: Deposit Rate Adjustments - On September 25, several banks in Henan, including Luoyang Rural Commercial Bank, announced reductions in RMB deposit rates, with the highest cut reaching 35 basis points [2][3]. - The new rates for fixed-term deposits at Luoyang Rural Commercial Bank are now 0.75% for three months, 1.00% for six months, 1.30% for one year, and 1.35% for two years, reflecting a reduction of 15 basis points [3]. - Other banks, such as Jieyang Rural Commercial Bank and Shanghai Huarui Bank, have also lowered rates across various deposit products, indicating a broader trend among local banks to adjust rates following national banks [3]. Group 2: Retail Deposit Trends - There is a noticeable outflow of retail deposits as customers shift to investment products with higher returns, such as cash management and fixed-income bank wealth management products, which offer annual yields of 2% to 3% [2][5]. - Retail deposit growth has significantly slowed, with banks facing challenges in attracting new customers and retaining existing deposits [5][6]. - Data shows that major banks like China Merchants Bank and Ping An Bank experienced a decline in retail deposit growth rates in the first half of 2025 compared to the same period in 2024, with decreases of 3.43 and 3.73 percentage points, respectively [8]. Group 3: Wealth Management Strategies - In response to declining retail deposits, banks are focusing on expanding their wealth management services, leveraging the recent bullish trends in capital markets [9][10]. - Wealth management products, particularly those linked to equity funds, are becoming key revenue drivers for banks as they seek to retain customer assets [9]. - The "fixed income plus" product category is seen as a new pathway for banks to attract deposits in a low-interest-rate environment, highlighting the need for diversified investment options [10].

Core Viewpoint - The article highlights the issues faced by credit card holders regarding high interest rates and unclear fee structures imposed by banks, leading to significant financial burdens for consumers [3][4][14]. Group 1: Consumer Experiences - A consumer named He Lin experienced unexpected interest charges despite repaying a significant portion of her credit card debt, leading to a refund agreement with the bank contingent on future payments [3][4]. - Another consumer, Jiang Hua, reported accumulating over 36,000 yuan in fees over six years, primarily due to interest and penalties, indicating a lack of clarity in fee calculations [5][9]. - A third consumer, Xue Jun, faced similar issues with over 20,000 yuan in fees despite never missing a payment, highlighting widespread dissatisfaction among credit card users [11][12]. Group 2: Bank Practices - Most banks, except for a few products from Industrial and Commercial Bank of China, employ a full interest calculation method, which has been a point of contention among consumers [4][25]. - The article notes that banks typically provide a grace period of three days for repayments, but this does not alleviate the burden of interest for those who do not pay the full amount [30][32]. - Banks like China Merchants Bank and Ping An Bank have been criticized for their lack of transparency in fee disclosures, with consumers often unaware of the interest calculations until they review their statements [9][10][13]. Group 3: Regulatory and Industry Insights - The article discusses the ongoing debate about the fairness of full interest calculations, with some experts arguing that it deviates from actual costs of capital and may constitute unfair contractual terms [26][27]. - Regulatory bodies have previously indicated that banks must justify their interest rates and fees in relation to the actual losses incurred, aiming to protect consumer rights [27][28]. - There is a call for improved transparency and standardization in fee disclosures, with suggestions for banks to enhance communication regarding interest calculations and potential fees [35][38].

登录新浪财经APP 搜索【信披】查看更多考评等级 重要提示 1、华泰柏瑞盈泰稳健3个月持有期混合型基金中基金（FOF）（以下简称"本基金"）的募集经中国证券 监督管理委员会《关于准予华泰柏瑞盈泰稳健3个月持有期混合型基金中基金（FOF）注册的批复》 （证监许可[2025]1674号）注册。 2、基金简称：华泰柏瑞盈泰稳健3个月持有混合（FOF）A/C 基金代码：025337（A类），025338（C类） 本基金是契约型开放式、混合型基金中基金（FOF）。 本基金每个工作日开放申购，但本基金对每份基金份额设置三个月的最短持有期，即自基金合同生效日 （对认购份额而言）、基金份额申购确认日（对申购份额而言）或基金份额转换转入确认日（对转换转 入份额而言）起（即最短持有期起始日），至最短持有期起始日后第三个月的月度对日的前一日（即最 短持有期到期日）为最短持有期。在最短持有期内，投资者不能提出赎回及转换转出申请；最短持有期 到期日的下一个工作日（含当日）起，投资者可以提出赎回及转换转出申请。 因不可抗力或基金合同约定的其他情形致使基金管理人无法在该基金份额的最短持有期到期后开放办理 该基金份额的赎回或转换转出业务的， ...

登录新浪财经APP 搜索【信披】查看更多考评等级 重要提示 1、华泰紫金价值精选混合型证券投资基金（以下简称"本基金"）的募集已获中国证券监督管理委员会 2025年9月18日证监许可[2025]2061号文准予注册的批复。中国证券监督管理委员会（以下简称"中国证 监会"）对本基金的注册并不代表中国证监会对本基金的风险和收益做出实质性判断、推荐或保证，也 不表明投资于本基金没有风险。中国证监会不对基金的投资价值及市场前景等作出实质性判断或者保 证。 2、本基金类别为混合型证券投资基金，运作方式为契约型开放式。 3、本基金的基金管理人为华泰证券（上海）资产管理有限公司（以下简称"本公司"），基金托管人为 招商银行股份有限公司，登记机构为华泰证券（上海）资产管理有限公司。 4、本基金募集对象为符合法律法规规定的可投资于证券投资基金的个人投资者、机构投资者、合格境 外投资者以及法律法规或中国证监会允许购买证券投资基金的其他投资人。 5、本基金自2025年10月13日至2025年10月24日通过基金管理人的直销网点（包括直销机构直销中心、 网上交易系统等）及基金销售机构的销售网点发售。基金管理人可根据募集情况，在符合相 ...

由新公司法驱动的银行治理变革正加速落地。近日，齐鲁银行、兴业银行等上市银行纷纷宣布不再设立 监事会。 业内人士认为，以审计委员会取代监事会可以提升公司治理效率、降低运营成本，但需解决监督的独立 性与专业性问题。此外，如何将原则性规定转化为可行的具体方案，也是银行需要面对的挑战。 纷纷取消监事会 9月23日，齐鲁银行召开股东大会，表决通过了《关于不再设立监事会的议案》。议案表示，根据相关 法律法规、监管制度的规定，结合实际情况，该行拟不再设立监事会及其下设专门委员会，由董事会审 计委员会行使公司法和监管制度规定的监事会职权。 齐鲁银行并非是取消监事会的唯一一家银行。4月29日，工商银行、农业银行、建设银行、中国银行、 交通银行五家国有大行集体宣布撤销监事会，招商银行、兴业银行、北京银行等股份行和城商行也陆续 跟进。 银行取消监事会需要从去年7月1日起施行的新公司法说起。根据法律规定，公司可以在董事会中设置由 董事组成的审计委员会，行使监事会的职权，不设监事会或者监事。此后，国家金融监督管理总局发布 相关通知称，金融机构可以按照公司章程规定，在董事会中设置由董事组成的审计委员会，行使公司法 和监管制度规定的监事会 ...

Investment Rating - The investment rating for the banking industry is "Positive" (maintained) [1] Core Insights - The banking sector is experiencing a shift in fund investment behavior, with banks redeeming low-yield money market funds and increasing their holdings in credit bond funds to enhance returns [5][57] - The total fund holdings of listed banks reached approximately 6.37 trillion yuan, accounting for 2.03% of total assets as of the end of the first half of 2025 [15][18] - The proportion of fund investments in the fair value through profit or loss (FVTPL) category is 48.5%, with city commercial banks showing even higher ratios [15][22] Summary by Sections 1. Fund Investment Participation and Scale - The self-managed fund holdings of listed banks as of June 2025 were approximately 6.37 trillion yuan, with shareholding banks and city commercial banks having significant investment scales of 2.84 trillion yuan and 1.72 trillion yuan, respectively [15][18] - The investment in money market funds decreased to 9.10%, while the proportion of passive index bond funds increased to 7.90% [23][25] 2. Changes in Fund Investment Behavior - Banks are redeeming money market funds and low-yield rate bond funds while increasing their investment in credit bond funds [5][57] - The redemption pressure for money market funds was primarily concentrated in the first quarter of 2025, driven by liquidity management needs and yield enhancement [49][55] 3. Future Expansion and Impact of Redemption Fee Reform - Smaller banks have greater expansion potential in fund investments, driven by the need for redundant fund screening and tax-exempt income [3][3] - The implementation of redemption fee reforms may catalyze preventive redemptions by banks, leading to a preference for customized bond funds and bond ETFs [3][3]

Core Insights - The article highlights the significant inflow of institutional funds into the second batch of Sci-Tech Innovation Bond ETFs, which were officially listed on September 24 [2][5] - The trading volume on the first day showed a clear disparity, with the top-performing ETFs achieving substantial transaction amounts [4][6] Fund Performance - On the first trading day, the Huatai-PineBridge CSI AAA Sci-Tech Bond ETF recorded a transaction volume exceeding 15 billion yuan, leading the category, while the Guotai CSI AAA Sci-Tech Innovation Corporate Bond ETF followed closely with over 11 billion yuan [4] - Other ETFs from ICBC Credit Suisse, Bank of China, and Huaan also surpassed 5 billion yuan in transaction volume, while the remaining ETFs had relatively lower volumes [4] Subscription Data - The ICBC CSI AAA Sci-Tech Innovation Corporate Bond ETF saw a net subscription of 85.48 million units, translating to an estimated net inflow of over 8.5 billion yuan [4] - Other notable subscriptions included the Yin Hua CSI AAA Sci-Tech Innovation Corporate Bond ETF and Huaan CSI AAA Sci-Tech Innovation Corporate Bond ETF, with net inflows estimated at over 7.2 billion yuan and 3.9 billion yuan, respectively [4] Institutional Participation - The second batch of ETFs attracted significant allocations from banks, wealth management, and insurance institutions, with a notable increase in bank holdings compared to the first batch [6][7] - Major custodians like Industrial Bank and China Merchants Bank played a crucial role in supporting the issuance, with Industrial Bank subscribing to over 3.2 billion units across four ETFs [6] Market Trends - The domestic bond ETF market has rapidly expanded, surpassing 600 billion yuan in total size, with institutional investors becoming a key component of this growth [8] - The recent regulatory changes regarding redemption fees for bond funds may drive more institutional capital towards bond ETFs, enhancing their market opportunities [8][9]

Market Overview - The Galaxy 99 Index closed at 7671.42 points, down 0.09%, with a trading volume of 3590.77 billion yuan and a turnover rate of 0.46% [1] - Among the index constituents, 37 stocks rose while 60 stocks fell, with Inspur Information leading the gainers at a 9.99% increase and Shandong Gold leading the decliners with a 4.75% drop [1] Key Constituents - The top ten constituents of the Galaxy 99 Index include major companies such as Agricultural Bank of China (11.00% weight), Industrial and Commercial Bank of China (10.25% weight), and China Petroleum (9.03% weight) [1] - The total market capitalization of the top ten constituents ranges from 2260.23 billion yuan for China State Construction to 26302.78 billion yuan for Industrial and Commercial Bank of China [1] Capital Flow - The net inflow of main funds into the Galaxy 99 Index constituents was 4.93 billion yuan, while retail investors saw a net inflow of 22.45 billion yuan, and speculative funds experienced a net outflow of 27.37 billion yuan [1] - Specific stocks such as Inspur Information and BYD saw significant net inflows from main funds, indicating strong institutional interest [2] ETF Performance - The Food and Beverage ETF (product code: 515170) has seen a decline of 2.03% over the past five days, with a current PE ratio of 20.26 times and a net outflow of 1972.9 million yuan [4] - The Cloud Computing 50 ETF (product code: 516630) increased by 5.99% over the last five days, with a high PE ratio of 125.24 times and a net outflow of 1077.1 million yuan [5]