于2025年9月11日，本集团认购由招商银行发售的理财产品，本金额为人民币5000万元(招商银行认购事 项)，其非保本预期浮动年化回报率为2.30% 至3.30%，最短期限为自认购日期起计14个月。 智通财经APP讯，东方甄选(01797)发布公告，于2025年9月23日，本集团认购由广发银行发售的理财产 品，本金额为人民币1亿元(广发银行认购事项)，其非保本预期浮动年化回报率为 2.80%，到期日为2026 年9月23日。 ...

东方甄选(01797)发布公告，于2025年9月23日，本集团认购由广发银行发售的理财产品，本金额为人民 币1亿元(广发银行认购事项)，其非保本预期浮动年化回报率为2.80%，到期日为2026年9月23日。 于2025年9月11日，本集团认购由招商银行发售的理财产品，本金额为人民币5000万元(招商银行认购事 项)，其非保本预期浮动年化回报率为2.30%至3.30%，最短期限为自认购日期起计14个月。 ...

Core Insights - The banking sector saw a 0.5% increase on November 10, with CITIC Bank leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Banking Sector Performance - CITIC Bank (601998) closed at 8.23, up 1.48% with a trading volume of 479,600 shares and a transaction value of 392 million [1] - Other notable banks included: - Everbright Bank (601818) at 3.49, up 1.16%, with a transaction value of 1 billion [1] - Huaxia Bank (600015) at 6.99, up 0.72%, with a transaction value of 430 million [1] - Ping An Bank (000001) at 11.63, up 0.69%, with a transaction value of 958 million [1] - China Merchants Bank (600036) at 42.72, up 0.49%, with a transaction value of 2.27 billion [1] Capital Flow Analysis - The banking sector experienced a net inflow of 371 million from main funds, while retail and speculative funds saw net outflows of 131 million and 240 million, respectively [1] - Detailed capital flow for major banks included: - China Merchants Bank: Main funds net inflow of 29 million, speculative funds net outflow of 1.47 billion, retail funds net outflow of 1.43 billion [2] - Ping An Bank: Main funds net inflow of 92 million, speculative funds net outflow of 70 million, retail funds net outflow of 21 million [2] - CITIC Bank: Main funds net inflow of 73 million, speculative funds net outflow of 39 million, retail funds net outflow of 34 million [2]

Core Insights - The article emphasizes the importance of distinguishing between various bank wealth management products, which often have similar names and vague characteristics, to help investors make informed choices [1] - The South Finance Wealth Management team compiles a weekly performance ranking of wealth management products available through different distribution channels, focusing on those with the best performance [1] Product Performance Summary - The report categorizes products based on minimum holding periods of 90 days, 180 days, and 365 days, calculating annualized returns for each category [1] - A total of 28 distribution institutions are involved in the ranking, including major banks such as Industrial and Commercial Bank of China, Bank of China, and Agricultural Bank of China [1] - The ranking is based on the assumption of the product's "on-sale" status, but actual availability may vary due to factors like sold-out quotas or differences in product listings for different customers [1] 90-Day Holding Period Products - The top-performing product for a 90-day holding period is from Hangzhou Bank, with an annualized return of 22.75% [4] - Other notable products include those from Minsheng Bank and Huaxia Bank, with returns of 10.21% and 10.08%, respectively [5] 180-Day Holding Period Products - For the 180-day holding period, Hangzhou Bank's product leads with a return of 14.04% [7] - Minsheng Bank also features prominently with products yielding 12.26% and 10.26% [7] 365-Day Holding Period Products - The report indicates that products with a 365-day holding period are also being evaluated, with specific performance data yet to be detailed in the provided excerpts [9]

| 2 | 中国银行 | 汇产品电子放式 | 汇华理财 | 1 | -39.0 | 48.6 | 28.9 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 6% | 9% | 6% | | 3 | 招商银行 | 招智泓瑞多资产FO | 招银理财 | 1 | -15.1 | 44.1 | 36.0 | | | | F进取目分一号 | | | 4% | 1% | 6% | | ব | | 幸福99卓越混合 | | | -10.7 | 44.0 | 28.5 | | | 杭州银行 | (灵活品质严选)一 年半持有期 | 杭银理财 | 540 | 6% | 8% | 9% | | | | 幸福99卓越混合类 | | | -17.9 | 43.9 | 27.0 | | 5 | 杭州银行 | (偏股成长精选)36 5天高有期 | 杭银理财 | 365 | 8% | 3% | 0% | | 6 | 平安银行 | 优享增强1号 | 平安理财 | 360 | 57.3 | 35.0 | 22.6 | | | | | | | 1% | 5% | 5% ...

河北理财网综合（丹青)11月7日，由河北省资本与产业发展促进会主办、招商银行石家庄分行营业部承 办的"资本赋能·聚力共赢——金融助力企业高质量发展"企业对接会在石家庄河北互联网大厦成功举 办。本次活动旨在搭建精准的产融对接平台，汇聚资本力量，为会员企业及商协会合作企业的高质量发 展注入强劲金融动能。 会议由促进会秘书长韩峰主持。活动吸引了众多企业代表、行业专家及金融机构负责人参与。 本次活动不仅是一场信息的盛宴，更是一次务实的对接。促进会将建立企业需求对接台账，由招商银行 安排专属客户经理进行一对一跟进，确保企业需求得到及时响应，推动合作意向落地生根。 本次活动的成功举办，标志着河北省在"金融助力实体经济"方面迈出了更加坚实的一步。未来，河北省 资本与产业发展促进会将继续发挥其资源聚合与平台枢纽作用，携手更多优秀的金融机构，持续创新服 务模式，为企业提供更精准、更深入的赋能，共同构建"资本－产业"互利共赢的新格局，为区域经济高 质量发展贡献更大力量。（河北省资本与产业发展促进会秘书处供稿） 为进一步提升活动的战略高度，促进会特别邀请了经济学博士田晓林教授解读党的二十届四中全会精 神，结合"十五五"规划，分析企 ...

在全球经济复杂多变的背景下，中国银行业持续稳健发展，排名情况备受市场关注。说到宁波银行 （002142）怎么样，他在2025年前三季度交出了一份亮眼的成绩单，彰显出差异化经营的强大韧性。作 为区域性银行的佼佼者，宁波银行始终坚持"真心对客户好"的理念，深化专业化、数字化、综合化和国 际化战略，2025年前三季度实现营业收入549.76亿元，同比增长8.32%，净利润224.45亿元，同比增长 8.39%，资产规模突破3.57万亿元，不良贷款率保持在0.76%的低位，拨备覆盖率高达.375.92%，资本充 足率稳步提升。这些数据充分体现了宁波银行在规模、效益和质量方面的均衡发展，为投资者和客户提 供了可靠的价值保障。 中国工商银行（601398）作为全球资产规模最大的银行，以其广泛的业务网络和综合化服务能力著称。 工行积极推动数字化转型，打造智能网点和完善的线上平台，为个人和企业客户提供便捷的金融服务。 在绿色金融领域，工行加大了对新能源和低碳项目的支持力度，助力国家双碳目标。同时，其跨境金融 业务覆盖全球，为国际贸易和投资提供全方位支持，展现了强大的国际竞争力。工行的稳健经营和创新 能力，使其在市场中始终保持 ...

Core Viewpoint - The A-share market is experiencing volatility, but overall corporate earnings are in a recovery phase, with a positive medium-term outlook supported by stable economic and policy expectations [2][3]. Market Performance - As of November 10, 2025, the CSI 300 Index decreased by 0.24%, with notable stock movements including China Duty Free leading with a 10.00% increase and Sanhua Intelligent Control dropping by 7.02% [2]. - The CSI 300 ETF by Bosera fell by 0.33%, with a recent price of 1.52 yuan, while it saw a cumulative increase of 0.73% over the past week as of November 7 [2]. Investment Strategy - Analysts suggest focusing on sectors with independent growth logic and improving return on equity (ROE), rather than avoiding AI narratives entirely [3]. - The current market style is expected to be more balanced compared to the third quarter, with recommendations to invest in technology growth and high-end manufacturing sectors, as well as cyclical sectors benefiting from domestic demand recovery [3]. Sector Analysis - The TMT sector, along with materials and chemicals, is significantly influenced by AI narratives, with these sectors comprising over 60% of institutional holdings [3]. - The top ten weighted stocks in the CSI 300 Index as of October 31, 2025, include Ningde Times and Kweichow Moutai, accounting for 21.76% of the index [4].

Core Insights - The private banking sector in China continues to experience robust growth, with several banks reporting double-digit increases in the number of private banking clients and assets under management (AUM) [2][3][4] Group 1: Client Growth and Market Dynamics - As of the end of Q3 2025, the number of private banking clients at Ping An Bank surpassed 100,000 for the first time, joining six other banks in the "100,000 club" [2][3] - China now has seven banks with over 100,000 private banking clients, an increase of one from the end of last year, reflecting a growing high-net-worth population and evolving wealth management needs [2][4] - The number of private banking clients at China Merchants Bank reached 191,418, a 13.20% increase from the previous year, maintaining its leading position among joint-stock banks [3][4] Group 2: Asset Management and Performance - Ping An Bank's AUM reached 1.974659 trillion yuan, with a year-on-year growth rate of nearly 20%, indicating strong performance in asset management [3][5] - Other banks, such as Minsheng Bank and Industrial Bank, also reported significant growth in private banking clients and AUM, with increases of 18.21% and 11.39%, respectively [3][4] Group 3: High-Net-Worth Population and Wealth Management Trends - The number of high-net-worth individuals in mainland China, defined as those with a net worth exceeding $10 million, has reached 470,000, accounting for 20% of the global total [4][5] - New economic groups, including entrepreneurs and mid-level managers from technology, manufacturing, and pharmaceuticals, are increasingly becoming private banking clients, driven by stock incentives and wealth repatriation [5][6] Group 4: Technological Advancements and Service Transformation - Banks are leveraging technology to enhance service delivery, with initiatives like AI wealth management tools and digital banking apps improving client engagement and transaction efficiency [6][7] - The shift from a product-centric sales model to a client-centric advisory model is evident, with banks focusing on comprehensive wealth planning and asset allocation strategies [7][8] Group 5: Competitive Landscape and Future Outlook - The competition among private banks is intensifying, with a focus shifting from the number of clients to average AUM and long-term client value [8] - Industry experts predict that banks may start to prioritize high-potential clients while reducing focus on lower-contribution clients, reflecting a strategic shift in client management [8]

Group 1: Report Industry Investment Rating - Not provided in the content Group 2: Report's Core View - In October, the net financing of certificates of deposit (CDs) turned positive, and there was a phenomenon where primary market price increases led to a slight rise in secondary market interest rates. The increase in CD supply pressure in October may be due to the decline in the NSFR of some joint - stock banks and preparations for the "good start" at the beginning of next year [3][7][19]. - The pressure on the NSFR of joint - stock banks may have decreased with the significant increase in their net CD financing. The probability of a significant increase in the overall supply pressure of bank CDs this year, which could lead to a situation similar to that in Q1 where primary market price increases drive a sharp rise in secondary market interest rates, is relatively limited [4][43][45]. - In the baseline scenario, the central range of DR001 in November may be similar to that in October, remaining between 1.3% - 1.4%. Further decline in funding rates may require a policy rate cut [4][50]. - The central bank's resumption of bond purchases reflects that the current fundamental environment still requires monetary easing support. The central bank's interest - rate cut cycle is not over, and it is only a matter of time before the interest - rate cut is implemented. It is expected that the CD interest rate will fluctuate between 1.55% - 1.65% this year [4][52][53]. Group 3: Summary by Related Catalogs I. Q3 CD Supply - Demand Environment was Favorable, and the Widening Spread with Funds may be Disturbed by the Rise in Short - Term Interest Rates - In 2025, CD interest rates first rose, then fell, and finally stabilized. After the interest - rate cut in May, the 1Y AAA - rated CD interest rate basically fluctuated within the range of 1.6% - 1.7% [7]. - From May to September, banks' liability pressure was relatively limited. Asset - side credit growth slowed down, and the liability - side funding was loose. The central bank increased medium - term liquidity injection, resulting in negative net CD financing [10]. - Since Q2, non - bank institutions' demand for CDs has remained high. The spread between CDs and funds has widened, which is related to the weakening of the central bank's "timely reserve - requirement ratio and interest - rate cut" statement and the rise in short - term policy - financial bond yields [12][14]. - CDs are more resilient than policy - financial bonds. In the current supply - demand environment, the 30BP spread between CDs and funds may be at the upper limit of the fluctuation range, and it may be difficult to break through the 1.7% high in September [18]. II. The Increase in the Net Financing of Joint - Stock Bank CDs in October may be Affected by the Decline in NSFR and Preparations for the "Good Start" - In October, the net financing of CDs turned positive again, especially for joint - stock banks. From the perspective of asset - liability matching, commercial banks may not have significant liability pressure [19][20]. - The view that banks increase CD issuance at the end of the year to preserve next year's issuance quota may not be the main reason for the increase in CD issuance scale [23]. - Although the central bank's monetary policy tools were tilted towards large - scale banks in Q3, from the overall asset - liability perspective, the liability gap of small and medium - sized banks was not significantly higher than that of large - scale banks [31][33]. - In Q3, the NSFR of large - scale banks improved, while that of joint - stock banks declined. The decline in the NSFR of some joint - stock banks may be an important reason for the increase in their CD issuance scale in October. Some banks with relatively stable NSFR indicators may also be preparing for the "good start" at the beginning of next year [35][36]. III. The Decline in the NSFR of Joint - Stock Banks may be Affected by Deposit Migration and Increased Bond Investment, but the Related Pressure may have Gradually Eased after October - The increase in the NSFR of large - scale banks is due to the decline in the growth rate of required stable funds and the increase in the growth rate of available stable funds, which is related to the change in deposit structure [38]. - For small and medium - sized banks, the growth rate of required stable funds increased, while the growth rate of available stable funds decreased. Deposit migration may have reduced their liability costs but also put pressure on their NSFR [40]. - With the significant increase in the net CD financing of joint - stock banks, the pressure on their NSFR may have decreased, which is reflected in the increase in their reverse - repurchase scale [43]. - It is expected that the net financing scale of government bonds in November will rise but still be lower than that in the first three quarters. The central bank's possible purchase of treasury bonds is beneficial to the alleviation of bank liability pressure and the improvement of NSFR [45]. IV. CD Interest Rates may Remain Volatile and Decline at the End of the Year, with a Slight Downward Shift in the Central Range - In October, the spreads between DR001, DR007, and OMO reached new lows, and the funding volatility remained low. The current funding relaxation is the central bank's response to the fundamental environment [46]. - DR001 still has 10BP of downward space, but even if the lower limit drops to 1.2%, its central range may not decline significantly, and the volatility may increase. In the baseline scenario, the central range of DR001 will remain between 1.3% - 1.4% [50]. - The central bank's resumption of bond purchases reflects the need for monetary easing. Although there is uncertainty about the timing of the interest - rate cut, it is expected that the CD interest rate will fluctuate between 1.55% - 1.65% this year [4][52][53].