杭州银行股份有限公司 2024 年年度股东大会会议材料 （股票代码：600926） 中国·杭州 2025 年 6 月 25 日 | 目录 | | --- | | 会议议程 II | | | --- | --- | | 会议须知 III | | | 1 杭州银行股份有限公司 年度董事会工作报告 5 2024 | 议案 | | 2 杭州银行股份有限公司 2024 年度监事会工作报告 13 | 议案 | | 杭州银行股份有限公司 年度财务决算报告及 3 2024 2025 | 议案 | | 年度财务预算方案 20 | | | 杭州银行股份有限公司 年度利润分配预案 23 4 2024 | 议案 | | 杭州银行股份有限公司关于提请股东大会授权董事会决 5 | 议案 | | 年度中期利润分配方案的议案 25 | 定 2025 | | 杭州银行股份有限公司关于部分关联方 年度日常关 6 2025 | 议案 | | 联交易预计额度的议案 26 | | | 关于聘任杭州银行股份有限公司 年度会计师事务所 7 2025 | 议案 | | 的议案 35 | | | 关于解除独立董事职务的议案 8 39 | 议案 | | 关于选 ...

Investment Rating - The report maintains a "Positive" outlook for the banking industry [6]. Core Viewpoints - Increased external uncertainties and the continuation of loose monetary policy are expected to lead to a long-term downward trend in overall expected returns, making low-volatility dividend strategies effective [3][25]. - The reform of public funds is anticipated to help banks achieve excess returns by shifting asset allocation styles [3]. - The insurance preset interest rate may be lowered again in Q3 2025, which could further enhance the tolerance for dividend yields, supporting absolute returns for banks [3][25]. - The banking sector's fundamentals are expected to improve marginally in Q2 2025 compared to Q1 2025, primarily due to alleviated pressures on non-interest income growth [3][25]. Summary by Sections Social Financing and Loan Growth - In May 2025, social financing grew by 8.7% year-on-year, with a total increment of 2.29 trillion yuan, an increase of 227.1 billion yuan compared to the previous year [9][10]. - Government bonds increased by 236.7 billion yuan year-on-year, significantly contributing to social financing growth [11]. - Corporate direct financing also saw a year-on-year increase of 125.2 billion yuan, mainly driven by a rise in bond financing [11]. - Loan growth showed a slight decline, with a year-on-year increase of 7.1% in May 2025, reflecting weak demand and debt replacement effects [16]. M1 and M2 Growth - M1 increased by 2.3% year-on-year in May 2025, with a notable month-on-month recovery of 0.8 percentage points, while M2 grew by 7.9% year-on-year [19]. - The gap between M1 and M2 growth rates narrowed to 5.6%, indicating improved liquidity conditions [19]. Investment Recommendations - Two main investment lines are suggested: 1. Focus on convertible bonds with rebound potential, specifically Hangzhou Bank (600926, Buy) and Nanjing Bank (601009, Buy) [26]. 2. Left-side positioning in high-dividend stocks, with recommendations for major state-owned banks such as CITIC Bank (601998, Not Rated), Industrial Bank (601166, Not Rated), Jiangsu Bank (600919, Buy), and Agricultural Bank (601288, Not Rated) [26].

证券代码：600926 证券简称：杭州银行 公告编号：2025-042 优先股代码：360027 优先股简称：杭银优 1 可转债代码：110079 可转债简称：杭银转债 杭州银行股份有限公司 同意提名王西刚先生为公司第八届董事会非执行董事候选 人，以临时提案的形式提交公司 2024 年年度股东大会选举。 表决结果：同意 10 票；反对 0 票；弃权 0 票。 本议案已经公司第八届董事会提名与薪酬委员会 2025 年第 本议案需提交公司 2024 年年度股东大会审议。 特此公告。 杭州银行股份有限公司董事会 附件 1 第八届董事会第十九次会议决议公告 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。 杭州银行股份有限公司（以下简称"公司"）第八届董事会 第十九次会议于 2025 年 6 月 12 日以电子邮件及书面方式发出会 议通知，并于 2025 年 6 月 13 日以书面传签方式召开。本次会议 应出席董事 10 名，实际出席董事 10 名。本次会议的召开符合《中 华人民共和国公司法》等法律法规及《杭州银行股份有限公司章 程》 ...

关于2024年年度股东大会增加临时提案的公告 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。 一、 股东大会有关情况 股份类别 股票代码 股票简称 股权登记日 Ａ股 600926 杭州银行 2025/6/18 二、 增加临时提案的情况说明 公司已于2025 年 6 月 4 日公告了公司 2024 年年度股东大会 召开通知，合计持有5.06%1股份的公司股东新华人寿保险股份有 限公司，在2025 年 6 月 12 日提出临时提案并书面提交股东大会 召集人。公司董事会按照中国证监会《上市公司股东会规则》有 关规定，现予以公告。 截至 2025 年 6 月 12 日，新华人寿保险股份有限公司合计持有公司普通股股份 362,555,839 股，占 2025 年 6 月 12 日公司普通股总股本 7,165,882,678 股的 5.06%。 新华人寿保险股份有限公司于 2025 年 6 月 12 日向公司董事 会提出《关于提请增加杭州银行股份有限公司 2024 年年度股东 大会临时提案的函》，提议将《关于选举王西刚先生为杭州银行 股 ...

证券代码：600926 证券简称：杭州银行 公告编号：2025-041 优先股代码：360027 优先股简称：杭银优 1 可转债代码：110079 可转债简称：杭银转债 杭州银行股份有限公司 关于实施"杭银转债"赎回暨摘牌的 第八次提示性公告 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。 重要内容提示： 赎回登记日：2025 年 7 月 4 日 赎回价格：100.4932 元/张 赎回款发放日：2025 年 7 月 7 日 最后交易日：2025 年 7 月 1 日 截至 2025 年 6 月 13 日收市后，距离 2025 年 7 月 1 日（"杭 银转债"最后交易日）仅剩 12 个交易日，2025 年 7 月 1 日为"杭 银转债"最后一个交易日。 最后转股日：2025 年 7 月 4 日 截至 2025 年 6 月 13 日收市后，距离 2025 年 7 月 4 日（"杭 银转债"最后转股日）仅剩 15 个交易日，2025 年 7 月 4 日为"杭 银转债"最后一个转股日。 本次提前赎回完成后，"杭银转债"将自 202 ...

证券代码：600926 证券简称：杭州银行 公告编号：2025-043 优先股代码：360027 优先股简称：杭银优 1 可转债代码：110079 可转债简称：杭银转债 杭州银行股份有限公司 关于2024年年度股东大会增加临时提案的公告 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。 一、 股东大会有关情况 1.股东大会的类型和届次： 2024年年度股东大会 2.股东大会召开日期：2025 年 6 月 25 日 3.股权登记日 股份类别 股票代码 股票简称 股权登记日 Ａ股 600926 杭州银行 2025/6/18 二、 增加临时提案的情况说明 1.提案人：新华人寿保险股份有限公司 2.提案程序说明 公司已于2025 年 6 月 4 日公告了公司 2024 年年度股东大会 召开通知，合计持有5.06%1股份的公司股东新华人寿保险股份有 限公司，在2025 年 6 月 12 日提出临时提案并书面提交股东大会 召集人。公司董事会按照中国证监会《上市公司股东会规则》有 关规定，现予以公告。 1 截至 2025 年 6 月 12 ...

一、审议通过《关于提名王西刚先生为杭州银行股份有限公 司第八届董事会非执行董事候选人的议案》 证券代码：600926 证券简称：杭州银行 公告编号：2025-042 优先股代码：360027 优先股简称：杭银优 1 可转债代码：110079 可转债简称：杭银转债 杭州银行股份有限公司 第八届董事会第十九次会议决议公告 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。 杭州银行股份有限公司（以下简称"公司"）第八届董事会 第十九次会议于 2025 年 6 月 12 日以电子邮件及书面方式发出会 议通知，并于 2025 年 6 月 13 日以书面传签方式召开。本次会议 应出席董事 10 名，实际出席董事 10 名。本次会议的召开符合《中 华人民共和国公司法》等法律法规及《杭州银行股份有限公司章 程》的有关规定，会议所形成的决议合法、有效。 会议审议并通过决议如下： 王西刚先生，生于 1973 年，中国国籍，无境外居留权，中 共党员，中国人民大学民商法学博士。现任新华人寿保险股份有 限公司纪律检查委员会委员、合规负责人，新华资产管理 ...

Core Viewpoint - Xinhua Insurance has acquired 329.6 million shares of Hangzhou Bank from the Commonwealth Bank of Australia for a total price of 4.32 billion yuan, making it the fourth largest shareholder with a 5.09% stake [2][3]. Group 1: Transaction Details - The share acquisition was completed at a price of 13.095 yuan per share, totaling 4.32 billion yuan [3]. - Following the transaction, the Commonwealth Bank no longer holds shares in Hangzhou Bank, which maintains no controlling shareholder or actual controller [3]. - The top three shareholders of Hangzhou Bank as of Q1 2025 are Hangzhou Financial Investment Group (18.2%), Red Lion Holdings Group (11.1%), and Hangzhou Urban Construction Investment Group (6.9%) [3]. Group 2: Investment Rationale - Analysts believe Xinhua Insurance's investment reflects confidence in Hangzhou Bank's long-term development prospects, given its strong performance and strategic location in the economically vibrant Yangtze River Delta [3]. - Hangzhou Bank reported a revenue of 38.38 billion yuan in 2024, a year-on-year increase of 9.6%, and a net profit of 16.98 billion yuan, up 18.1%, maintaining a leading growth rate in the industry [3]. Group 3: Broader Industry Trends - Since 2025, several insurance companies, including China Life and Ping An, have increased their holdings in bank stocks, indicating a positive outlook for the banking sector [5]. - The banking sector index has risen over 12% year-to-date, with several bank stocks reaching historical highs [5]. - The trend of insurance capital investing in bank stocks is driven by the need for asset allocation optimization and recognition of the long-term value of bank stocks [6]. Group 4: Future Outlook - High-quality banks are expected to become a priority for insurance capital in equity investments, providing a continuous source of incremental capital for the sector [7].

Core Viewpoint - The transfer of shares from Commonwealth Bank of Australia to New China Life Insurance marks a significant shift in the shareholder structure of Hangzhou Bank, with New China Life becoming the fourth largest shareholder, reflecting a broader trend of foreign banks reducing their stakes in Chinese banks [1][4][5]. Group 1: Share Transfer Details - On June 10, Hangzhou Bank announced that New China Life Insurance completed the transfer of 330 million shares from Commonwealth Bank of Australia, resulting in New China Life holding 5.09% of Hangzhou Bank's shares [1]. - The share transfer agreement was signed in January 2023 at a price of 13.095 yuan per share, totaling 4.32 billion yuan [4]. - The transfer does not trigger a mandatory takeover bid, and Hangzhou Bank remains without a controlling shareholder or actual controller post-transaction [4]. Group 2: Shareholder Structure and Trends - Following the transfer, the municipal finance bureau's total shareholding in Hangzhou Bank increased to 23.55%, with Commonwealth Bank of Australia becoming the second largest shareholder until its complete exit [5]. - The exit of Commonwealth Bank is part of a broader trend where foreign banks are reducing their stakes in Chinese banks, influenced by increased compliance costs and regulatory pressures since the introduction of the Interim Measures for the Management of Bank Equity in 2018 [5][6]. - New China Life's investment aligns with its asset allocation strategy, as it seeks to increase its equity asset allocation in a low-interest-rate environment [5]. Group 3: Performance and Strategic Implications - Hangzhou Bank has shown strong performance, with a projected net profit of 16.983 billion yuan for 2024, representing an 18.07% year-on-year growth, ranking fifth among 42 A-share listed banks [5]. - The bank's long-term lack of a controlling shareholder may impact strategic coherence, especially after the dissolution of the concerted action among major state-owned shareholders in February 2023 [6]. - The diversified shareholding structure may pose challenges in decision-making efficiency, as different shareholders have varying risk preferences [7]. Group 4: Market Dynamics - The entry of New China Life into the banking sector reflects a new trend where domestic institutions, particularly insurance companies and local state-owned enterprises, are filling the void left by foreign banks [8]. - In 2024, insurance capital's involvement in the market reached a record high with 20 instances of share acquisitions, indicating a growing trend towards investing in high-dividend stocks for asset diversification and long-term growth [8].

Group 1 - A smart furniture company in Hangzhou has a leading position in the all-aluminum home furnishing industry and is expanding production capacity to meet market demand despite facing challenges like long receivable cycles and insufficient working capital [1] - Hangzhou Bank's Nanyang branch has provided a cloud loan of 1 million yuan to support the company's new production line, reflecting the bank's commitment to serving technology-driven enterprises and promoting inclusive finance [1] - The bank focuses on the manufacturing sector and specialized small and medium-sized enterprises, enhancing its service model through diversified financial products [1] Group 2 - The Huzhou Guoqian Dongyuan Intelligent Industrial Park emphasizes high-level talent and technology innovation, focusing on core industries such as 3D printing and intelligent manufacturing [2] - Many startups in the park face financing difficulties due to their light asset operation model, which does not align with traditional mortgage financing [2] - Hangzhou Bank's Huzhou branch has developed a "mortgage + credit" comprehensive financial service plan for six technology-based enterprises, successfully reducing their financing costs [2] Group 3 - The Huzhou branch has formed a professional team to provide point-to-point services for technology companies, addressing their common characteristics of heavy R&D and light fixed assets [4] - A new product combining "mortgage +优企贷" has been launched to convert both hard assets and soft technology strengths into new development momentum for enterprises, saving them approximately 50,000 yuan in financing costs annually [4] Group 4 - AA Company, a high-tech SME specializing in drone countermeasure products, has achieved key technological breakthroughs and is experiencing a surge in orders, necessitating funds for raw material procurement [5] - The Jiaxing branch of Hangzhou Bank quickly responded to the company's needs by conducting an on-site investigation and utilizing a pure credit, no-collateral approach for lending [6] - The branch facilitated a rapid approval process for a 10 million yuan loan, enabling the company to purchase materials and expand production to capitalize on market opportunities [6]