Core Viewpoint - The city commercial bank sector experienced a decline of 0.62% on November 28, with Shanghai Bank leading the drop, while the overall stock market showed slight gains [1][2]. Market Performance - The Shanghai Composite Index closed at 3888.6, up 0.34% - The Shenzhen Component Index closed at 12984.08, up 0.85% [1]. Individual Stock Performance - Chongqing Bank: Closed at 11.20, up 0.72%, with a trading volume of 84,100 shares and a turnover of 94.08 million yuan - Xiamen Bank: Closed at 7.15, up 0.56%, with a trading volume of 156,600 shares and a turnover of 112 million yuan - Hangzhou Bank: Closed at 15.59, up 0.13%, with a trading volume of 295,600 shares and a turnover of 461 million yuan - Zhengzhou Bank: Closed at 2.00, unchanged, with a trading volume of 667,700 shares and a turnover of 13.3 million yuan - Nanjing Bank: Closed at 11.57, down 0.09%, with a trading volume of 333,200 shares and a turnover of 38.6 million yuan - Qingdao Bank: Closed at 4.84, down 0.41%, with a trading volume of 332,000 shares and a turnover of 16 million yuan - Changsha Bank: Closed at 9.64, down 0.41%, with a trading volume of 124,200 shares and a turnover of 12 million yuan - Lanzhou Bank: Closed at 2.36, down 0.42%, with a trading volume of 408,600 shares and a turnover of 96.46 million yuan - Xi'an Bank: Closed at 3.83, down 0.52%, with a trading volume of 182,100 shares and a turnover of 6.97 million yuan - Ningbo Bank: Closed at 28.37, down 0.56%, with a trading volume of 195,600 shares and a turnover of 557 million yuan [1][2]. Capital Flow Analysis - The city commercial bank sector saw a net outflow of 379 million yuan from institutional investors, while retail investors contributed a net inflow of 86.74 million yuan [2][3]. - The following stocks had notable capital flows: - Hangzhou Bank: Net inflow of 9.48 million yuan from institutional investors - Qilu Bank: Net inflow of 6.55 million yuan from institutional investors - Suzhou Bank: Net inflow of 6.07 million yuan from institutional investors - Qingdao Bank: Net inflow of 3.22 million yuan from institutional investors - Lanzhou Bank: Net inflow of 2.34 million yuan from institutional investors - Zhengzhou Bank: Net outflow of 0.96 million yuan from institutional investors - Guizhou Bank: Net outflow of 1.41 million yuan from institutional investors - Xi'an Bank: Net outflow of 2.69 million yuan from institutional investors - Nanjing Bank: Net outflow of 9.30 million yuan from institutional investors - Chongqing Bank: Net outflow of 9.87 million yuan from institutional investors [3].

Core Insights - The city commercial bank sector experienced a rise of 0.69% on November 27, with Qingdao Bank leading the gains [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Stock Performance Summary - Qingdao Bank (002948) closed at 4.86, up 1.25% with a trading volume of 462,800 shares and a transaction value of 224 million [1] - Hangzhou Bank (600926) closed at 15.57, up 1.24% with a trading volume of 269,400 shares and a transaction value of 417 million [1] - Jiangsu Bank (616009) closed at 10.83, up 1.21% with a trading volume of 1,097,800 shares and a transaction value of 1.179 billion [1] - Chengdu Bank (601838) closed at 17.01, up 1.13% with a trading volume of 394,100 shares and a transaction value of 667 million [1] - Shanghai Bank (601229) closed at 10.01, up 1.11% with a trading volume of 447,500 shares and a transaction value of 445 million [1] - Xiamen Bank (601187) closed at 7.11, up 0.85% with a trading volume of 101,900 shares and a transaction value of 72.116 million [1] - Nanjing Bank (6000009) closed at 11.58, up 0.78% with a trading volume of 294,200 shares and a transaction value of 339 million [1] - Xi'an Bank (600928) closed at 3.85, up 0.52% with a trading volume of 220,500 shares and a transaction value of 84.754 million [1] - Changsha Bank (601577) closed at 9.68, up 0.52% with a trading volume of 137,900 shares and a transaction value of 133 million [1] - Qilu Bank (601665) closed at 5.97, up 0.34% with a trading volume of 401,600 shares and a transaction value of 239 million [1] Capital Flow Analysis - The city commercial bank sector saw a net inflow of 72.7685 million from institutional investors, while retail investors experienced a net inflow of 16.4028 million [2] - The sector faced a net outflow of 89.1713 million from speculative funds [2] Individual Stock Capital Flow - Jiangsu Bank (600919) had a net inflow of 75.1851 million from institutional investors, while it faced a net outflow of 38.3807 million from speculative funds [3] - Shanghai Bank (601229) saw a net inflow of 33.6962 million from institutional investors, with a net outflow of 37.6450 million from speculative funds [3] - Qilu Bank (601665) had a net inflow of 23.2129 million from institutional investors, while it faced a net outflow of 7.1943 million from speculative funds [3] - Chengdu Bank (601838) experienced a net inflow of 21.6104 million from institutional investors, with a significant net outflow of 68.9418 million from speculative funds [3] - Hangzhou Bank (600926) had a net inflow of 17.6667 million from institutional investors, while it faced a net outflow of 41.0399 million from speculative funds [3]

Market Performance - The city commercial bank sector declined by 0.59% on November 26, with Nanjing Bank leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index rose by 1.02% to 12907.83 [1] Individual Stock Performance - Suzhou Bank closed at 8.30, up 0.97% with a trading volume of 488,700 shares and a transaction value of 406 million yuan [1] - Nanjing Bank closed at 11.49, down 1.29% with a trading volume of 514,300 shares and a transaction value of 592 million yuan [2] - Chengdu Bank closed at 16.82, down 0.53% with a trading volume of 354,700 shares and a transaction value of 597 million yuan [2] Capital Flow Analysis - The city commercial bank sector experienced a net outflow of 147 million yuan from institutional investors, while retail investors saw a net inflow of 152 million yuan [2] - Among individual stocks, Suzhou Bank had a net outflow of 31.27 million yuan from institutional investors, while Nanjing Bank saw a net inflow of 27.56 million yuan [3]

Core Viewpoint - The article discusses the release of the "Regulations on the Planning, Construction, and Operation Management of Oil and Gas Infrastructure," which aims to promote high-quality development of oil and gas infrastructure in China, aligning with the Energy Law and market-oriented reforms [3]. Group 1: Scope Definition - The new regulations clarify the scope of oil and gas infrastructure, specifying the criteria for main pipelines and excluding certain short-distance pipelines from the main network, thus providing a clear operational framework for resource allocation and infrastructure coordination [4]. Group 2: Responsibilities and Obligations - The updated regulations redefine the gas storage responsibility system, splitting the storage obligation between gas supply companies and the national pipeline group, and extending local government emergency storage days to five, creating a collaborative mechanism between market operations and government support [5]. Group 3: Market Participation - The regulations enhance market participation by promoting the separation of pipeline operations from competitive businesses, encouraging private and social capital to invest in oil and gas infrastructure projects, thereby increasing the involvement of private enterprises in the sector [6]. Group 4: Planning Coordination - The regulations expand the planning framework from natural gas to include oil, requiring provincial planning to align with national energy and land use plans, and prohibiting local authorities from approving cross-border or cross-province pipeline projects independently [7]. Group 5: Regulatory Mechanism - The regulations introduce a detailed regulatory mechanism for overseeing the construction and operation of oil and gas infrastructure, ensuring compliance with the Energy Law and establishing a legal framework for fair access to pipeline facilities [9]. Group 6: Innovation Orientation - The regulations emphasize technological innovation and the establishment of industry standards, supporting the development of new technologies and digital applications in the oil and gas sector, which aligns with the goal of enhancing production efficiency and transitioning to a low-carbon economy [10].

Group 1 - The independent director, Mr. Cao Huitao, submitted his resignation to the board of directors on November 21, 2025, due to work reasons [1] - Mr. Cao's resignation will take effect upon delivery of his resignation report to the board, and he has confirmed that there are no disagreements with the board [2] - The board expressed gratitude for Mr. Cao's contributions during his tenure [3] Group 2 - Mr. Cao's departure will not result in the board or independent directors falling below the legal number required [2]

Macro Dynamics - In the first ten months of 2025, China attracted foreign investment of 621.93 billion RMB, a year-on-year decrease of 10.3% [2] - The number of newly established foreign-invested enterprises reached 53,782, marking a 14.7% increase year-on-year [2] - The manufacturing sector attracted 161.91 billion RMB, while the service sector attracted 445.82 billion RMB [2] - High-tech industries received 192.52 billion RMB in foreign investment, with significant growth in e-commerce services (173.1%), medical equipment manufacturing (41.4%), and aerospace manufacturing (40.6%) [2] - Investment from the UAE, UK, and Switzerland increased by 48.7%, 17.1%, and 13.2% respectively [2] Financial Institutions - Xinhua Insurance has been approved to increase its capital by 154.45 million HKD in Xinhua Asset Management (Hong Kong) [8] - The independent director of Xi'an Bank, Cao Huitao, resigned due to work reasons [9][10] - Huang Zhiwei has been approved to serve as the chairman of China Merchants Renhe Life Insurance [11] Market Data - The Hang Seng Index fell by 2.38%, and the Hang Seng Tech Index dropped by 3.21% on November 21 [12] - The Shanghai Composite Index decreased by 2.45%, closing below 3900 points, with significant declines in lithium, titanium dioxide, and energy metal sectors [13] Company Developments - China Nuclear Power announced a share buyback of 37.99 million shares, utilizing a total of 345 million RMB [17] - Changsha Beidou Industry Safety Technology Research Institute's IPO on the Sci-Tech Innovation Board has been accepted, aiming to raise 709 million RMB for various projects [18] - Xiaomi Group's public relations manager Wang Hua confirmed his transfer to the Xiaomi Wuhan headquarters [19]

Core Points - Xi'an Bank announced the resignation of independent director Mr. Cao Huitao due to work reasons, effective from November 21, 2025 [2] Group 1 - Mr. Cao Huitao submitted his resignation report to the board of directors on November 21, 2025 [2] - His resignation includes his position as an independent director and as a member of the board's specialized committees [2] - The resignation is effective upon the delivery of the resignation report to the board, as per the company's articles of association [2]

Core Viewpoint - Xi'an Bank announced the resignation of independent director Cao Huitao due to work reasons, effective upon the delivery of his resignation report to the board of directors [1] Summary by Relevant Sections - **Director Resignation** - Cao Huitao applied to resign from his position as an independent director of the sixth board of directors and as a member of the board's specialized committees [1] - The resignation will take effect as per the company's articles of association upon the submission of the resignation report to the board [1]

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。 西安银行股份有限公司（以下简称"公司"）独立董事曹慧 涛先生因工作原因，于 2025 年 11 月 21 日向公司董事会提交了 辞职报告，申请辞去公司第六届董事会独立董事以及董事会专门 委员会委员职务。根据公司章程规定，曹慧涛先生的辞任自其辞 职报告送达公司董事会时生效。 二、 董事离任对公司的影响 证券代码：600928 证券简称：西安银行 公告编号：2025-060 曹慧涛先生已确认与公司董事会无不同意见，亦无任何与离 任有关的事项需要通知公司股东与债权人。曹慧涛先生已按照公 司有关要求做好工作交接。曹慧涛先生的离任不会导致公司董事 会成员及独立董事成员低于法定人数。 西安银行股份有限公司关于独立董事离任的公告 姓名 离任职务 离任时间 离任原因 是否继续在上 市公司及其控 股子公司任职 是否存在未 履行完毕的 公开承诺 曹慧涛 独立董事 2025 年 11 月 21 日 工作原因 否 否 一、 董事离任基本情况 特此公告。 西安银行股份有限公司董事会 2025 年 11 ...

Core Points - Xi'an Bank (600928.SH) announced the resignation of independent director Mr. Cao Huitao due to work reasons [1] - Mr. Cao submitted his resignation report to the board on November 21, 2025, and his resignation will take effect upon delivery of the report to the board [1] Company Summary - The resignation pertains to the sixth board of directors of Xi'an Bank, where Mr. Cao served as an independent director and a member of the board's specialized committees [1]