导语 ：当5200亿国有大行注资落地，险资与城商行的"东风"又何时到来？ 一边是银行业净息差持续走低，另一边却是险资逆势扫货。 4月15日，杭州银行（600926.SH）发布公告称，新华保险（601336.SH）受让该公司3.3亿股获批。 杭州银行，是今年以来被险资举牌的第4家银行。其中，招商银行还被平安人寿"举牌"了两次。 以下文章来源于阿尔法工场金融家 ，作者金妹妹 追踪保险银行业圈内动态，剖析最新风向，分享有料、有价值的"内行人"洞察见解。 作 者 | 金妹妹 阿尔法工场金融家 . 来源 | 阿尔法工场金融家 金妹妹从近年来上市公司的年报中统计，在险资持股市值前10位的个股中，有7只都是银行股。 在去年险资纷纷开启的新一轮"举牌潮"中，银行股已颇受青睐。进入2025年后，这一趋势表现得更 为明显。 银行业受到的种种经营挑战，并不影响险资入局银行股的决心。高企的分红率、新会计准则带来的 平滑效应、以及银行和保险的战略协同，都让险资对银行动心不已。 银行同样也需要长期稳定的资金支持，以度过经济周期下转型不可避免的阵痛。 金妹妹从业内了解到，在本轮国有大行注资落地前，今年初，几家具有代表性的大型保险公司受邀 ...

随着A股上市银行年报的陆续披露，各家银行的分红方案也陆续拉开了帷幕。 《金融时报》记者梳理数据时发现，截至4月22日，在42家A股上市银行中，共有26家银行公布了2024 年分红方案。从分红金额来看，这26家银行累计派发现金红利近6000亿元，较去年增加超百亿元。 分机构类型来看，六家国有大行依旧是上市银行分红的"主力军"。根据年报数据，2024年六大行现金分 红金额合计超4200亿元，占全行业分红总额超七成，且分红比例均稳定在30%及以上。 其中，工商银行（601398）以1097.73亿元的派息总额领跑全行业，建设银行（601939）2024年分红金 额也超过千亿元，达1007.54亿元。农业银行（601288）、中国银行（601988）、交通银行 （601328）、邮储银行（601658）2024年分别派发现金红包846.61亿元、713.6亿元、281.46亿元和 259.41亿元。 股份制银行的分红情况也十分亮眼，但也出现了一定分化。招商银行（600036）以504.4亿元的分红总 额稳坐股份行的"头把交椅"。兴业银行（601166）分红总额达到220.21亿元，分红比例首次突破30%。 "2024 ...

Group 1: Economic Characteristics and Financial Support - The block-style characteristic industry is a prominent feature of Zhejiang's economy since the reform and opening up, with the private economy being the main force behind it [1] - Hangzhou Bank focuses on policy guidance and regional characteristics, innovating financial products to empower county economies and support private enterprises in Zhejiang [1] - As of the end of 2024, Hangzhou Bank's loans in manufacturing, green finance, technology, and inclusive small microcredit have seen year-on-year growth of 26.27%, 21.52%, 29.52%, and 29.91% respectively [1] Group 2: Technological Innovation and Financial Solutions - Financial support is crucial for the rapid technological iteration and high R&D investment in the new energy industry, acting as a catalyst for the transformation of scientific achievements [2] - A specific new energy technology company in Changxing has developed key technologies for lithium battery-related functional films, supported by a tailored technology loan of 4.5 million yuan from Hangzhou Bank [2] - The financial backing has enabled the company to enhance R&D efforts, optimize product performance, and significantly improve market competitiveness, contributing to regional economic development [2] Group 3: Intellectual Property Financing - Intellectual property financing is an effective attempt to address the financing difficulties faced by small and medium-sized enterprises while unlocking the market value of intellectual property [3] - A daily necessities company specializing in cotton swabs and other hygiene products received a 3 million yuan loan through a patent pledge loan scheme, alleviating financial pressure and reducing costs [3] - The loan has allowed the company to increase R&D investment and expand its international market presence [3] Group 4: Marine Industry and Financial Innovation - The fishing industry in Zhoushan is supported by policies and financial initiatives, with Hangzhou Bank providing tailored loans to enhance the efficiency of aging fishing vessels [6][7] - The bank has issued loans to over 50 squid fishing boats and supported more than 20 marine enterprises in upgrading vessels and optimizing production capacity [7] - Financial products like "Comprehensive Loans for Ocean Fisheries" and "Cloud Pledge Loans" address the operational funding needs of fishing enterprises, enabling them to operate more efficiently [7][8]

随着国内经济转型，银行机构普遍处于息差收窄、营收放缓的境地。然而，券商中国记者梳理上市银行 2024年年报发现，不少上市银行的国际结算量猛增，带来的收益呈现可观的正增长。 随着我国外贸"朋友圈"越来越大，服务企业出海需求以及跨境电商等中小微企业，成为商业银行拓展营收的重 要途径。 近期有国有大行的银行高管在业绩说明会上表示要提高境外机构的协同，也有股份行在其年报中直接表示 要"力争用三年时间走进同类型银行第一梯队"，此外还有一些中小银行高管表态要拓展客户国际化，拓展跨境 金融方面的收入。 不可忽视的是，不同于去年，2025年美国推出所谓的"对等关税"，中小企业出海尤其对口美国相关业务出现 了不确定性，国际金融市场的波动又将对企业出海和银行国际化转型带来哪些复杂的影响？ 国际业务对营收贡献增大 我国进出口规模于2024年再创历史新高，并实现了同比增长5%，这给国内商业银行的营收带来了提升效应。 以中国银行为例，该行跨境业务是其传统优势业务，并领先同业。2024年在境内资产总额增速放缓、盈利指 标增速和贡献度下降的情况下，中国银行在"中国香港澳门台湾地区"，以及"其他国家和地区"实现了经营规模 和业绩较快增长，且 ...

Group 1 - The core viewpoint of the news is that Hangzhou Bank is actively promoting consumer finance to boost consumption and is seeing a recovery in housing loan demand in the Hangzhou region [1][2] - In Q1 2025, the number of new homes sold in Hangzhou reached 12,007 units, and second-hand homes reached 23,605 units, representing a year-on-year increase of 1% and 35% respectively, indicating a gradual recovery in market confidence [1] - Hangzhou Bank is implementing a three-pronged strategy of "product optimization + customer segmentation + technology empowerment" to enhance its consumer loan offerings and meet diverse customer needs [1] Group 2 - The bank's consumer loan issuance increased by 16% in 2024, while the balance grew by 12%, with market share in various regions also improving [1] - Hangzhou Bank is committed to creating a positive cycle of "consumer finance - resident consumption - real economy" by providing high-quality consumer financial services to residents [2]

Core Viewpoint - The increasing default rates in mortgage loans and personal business loans pose significant risks to Hangzhou Bank's retail and small micro-enterprise financial strategies, which are critical for its growth under the "2255" strategy [2][3][5]. Group 1: Financial Performance - As of December 31, 2024, Hangzhou Bank's non-performing loan (NPL) ratio remained stable at 0.76%, but the personal loan NPL ratio increased by 0.18 percentage points to 0.77% compared to the previous year [3][4]. - The bank's total loan balance reached 937.5 billion, with personal loans accounting for 305.8 billion, reflecting a significant increase in personal business loans [4][10]. - In 2024, the bank's revenue and net profit were 38.4 billion and 16.98 billion, respectively, showing year-on-year growth of 9.6% and 18.1% [10]. Group 2: Loan Composition and Risks - Personal housing loans, personal business loans, and personal consumption loans together constitute nearly 80% of Hangzhou Bank's personal loan balance, indicating a heavy reliance on these segments [6][10]. - The bank's focus on small micro-enterprise loans has raised concerns due to historical credit risks associated with this sector, particularly in light of recent economic pressures [5][7]. - The bank's strategy to mitigate non-performing loans includes increasing the proportion of low-risk infrastructure-related loans, which have doubled in share since 2011 [5][6]. Group 3: Strategic Initiatives - Hangzhou Bank's "2255" strategy aims to strengthen corporate finance while expanding retail and small micro-finance, with a focus on wealth management and consumer credit [6][8]. - Despite the strategic emphasis on retail and small micro-finance, the bank's growth has largely been driven by corporate loans, which have increased by 113.7% over four years [8][10]. - The bank's management acknowledges the need to balance growth with risk management, particularly as economic conditions for small micro-enterprises worsen [7][11].

Core Viewpoint - Baida Group has authorized its management to manage its holdings in Hangzhou Bank stocks to enhance asset efficiency and optimize the asset structure [1] Summary by Relevant Sections Company Actions - As of December 31, 2024, Baida Group holds 9.2915 million shares of Hangzhou Bank [1] - The company has proposed to authorize management to continue rolling operations on its Hangzhou Bank stock, allowing for the buying or selling of shares [1] - The total number of shares held after any transactions will not exceed 12 million [1] - The authorization period will last for 12 months from the date of approval by the shareholders' meeting [1]

出品 | 妙投APP 4月12日，杭州银行发布2024年报，营业收入383.81亿元，同比增长9.61%，实现归属于公司股东净利润169.83亿元，同比增长18.07%。除了这两项指标，更 难得的是，杭州银行的资产扩张、信贷增长、存款增长，都还非常强劲。 但杭州银行的隐忧还在。 在年报发布前的4月2日，杭州银行行长虞利明突传失联，手机无法接通。晚间杭州银行发布公告称，该行副董事长兼行长虞利明因"个人原因"辞去所有职 务。 据《财新》报道，虞利明此番"失联"或主要牵扯早期任职经历，特别是在杭州金投及旗下信托公司杭工商信托任职期间之事，或与地产风险暴露有关。 作者 | 刘国辉 图片来源 | AI制图 今年，大部分的银行都太难了，从宇宙行工行，到零售之王招行，都在节衣缩食。营收下滑，盈利增长缓慢。 但对于深处经济繁华之地、一直以来表现优异的一批城商行，比如杭州银行、宁波银行等，受宏观大环境影响较小，业绩增长依然良好。 2024年，杭州银行增长依旧出色，重要因素是资产扩张依然较好。全国布局的银行，资产扩张方面大多乏力，毕竟全国来看，个人与企业金融需求普遍都有 所下降。 杭州银行得益于本地，资产扩张步伐并未慢下来。20 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次上市流通的限售股为杭州财开集团和红狮控股集团有限公司所持有的限售期为60个月的限售股，该 等限售股将于2025年4月23日锁定期届满并上市流通。 ● 本次股票上市类型为非公开发行股份；股票认购方式为网下，上市股数为504,083,000股。 本次股票上市流通总数为504,083,000股。 ● 本次股票上市流通日期为2025年4月23日。 ● 本次限售股解禁后，杭州市财开投资集团有限公司（以下简称"杭州财开集团"）将遵守其另外出具的 股份锁定承诺，自杭州市财政局取得的杭州银行股份有限公司703,215,229股股份（包含本次上市流通的 116,116,000股股份）自完成过户登记之日（即2024年5月16日）起5年内不转让。 一、本次限售股上市类型 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准杭州银行股份有限公司非公开发行股 票的批复》（证监许可〔2020〕654号）核准，杭州银行股份有限公 ...

Core Viewpoint - The performance of 14 out of 17 listed city commercial banks in China for 2024 shows resilience and growth despite challenges in the banking sector, with many banks leveraging regional advantages and differentiated business strategies to achieve notable results [1][2]. Revenue and Profit Growth - The average revenue growth rate for the 14 listed city commercial banks reached 5.31% year-on-year, with Nanjing Bank leading at 11.32% growth [2][3]. - Jiangsu Bank and Ningbo Bank achieved over 8% revenue growth despite a high base, supported by quality credit resources in the Jiangsu and Zhejiang regions [2][3]. Performance Summary of Listed City Commercial Banks - Jiangsu Bank: Revenue of 808.15 billion, up 8.78%; Net profit of 318.43 billion, up 10.76% [3]. - Beijing Bank: Revenue of 699.17 billion, up 4.81%; Net profit of 258.31 billion, up 0.81% [3]. - Ningbo Bank: Revenue of 666.31 billion, up 8.19%; Net profit of 271.27 billion, up 6.23% [3]. - Nanjing Bank: Revenue of 502.71 billion, up 11.32%; Net profit of 201.77 billion, up 9.05% [3]. - Zhengzhou Bank: Revenue decreased by 5.78% to 128.77 billion, attributed to weak corporate loan growth [3][4]. Asset Quality and Risk Management - Zhengzhou Bank reported a non-performing loan (NPL) ratio of 1.79%, higher than the average for city commercial banks, indicating a need for improvement in asset quality management [7]. - All 14 listed city commercial banks maintained a provision coverage ratio above the regulatory minimum of 150%, with Hangzhou Bank and Ningbo Bank showing exceptional performance [8][9]. Differentiated Business Strategies - City commercial banks are encouraged to adopt differentiated development strategies based on regional characteristics to enhance their business models [10]. - Ningbo Bank focuses on risk management in exchange rate and interest rate, achieving a 20.15% increase in institutional deposits [11]. - Beijing Bank plans to leverage digital products and services to enhance its business model in a low-interest environment [11].