香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Chongqing Rural Commercial Bank Co., Ltd. * * : 3618 海外監管公告 本公告乃重慶農村商業銀行股份有限公司Chongqing Rural Commercial Bank Co., Ltd.* （「本行」）根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 * 本行經中國銀行業監督管理機構批准持有B0335H250000001號金融許可證，並經重慶市市 場監督管理局核准領取統一社會信用代碼為91500000676129728J的企業法人營業執照。 本行根據香港銀行業條例（香港法例第155章）並非一家認可機構，不受香港金融管理局監 管，及不獲授權在香港經營銀行╱接受存款業務。 证券代码：601077 证券简称：渝农商行 公告编号：2025-040 重庆农村商业银行股份有限公司 茲載列本行在上海證券交易所網站刊發之《重慶農村商業銀行股份有限公司第五 ...

第五届董事会第六十四次会议决议公告 证券代码：601077 证券简称：渝农商行 公告编号：2025-040 重庆农村商业银行股份有限公司 本行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。 重庆农村商业银行股份有限公司（以下简称"本行"）第五届董事会第六十 四次会议于 2025 年 11 月 20 日在本行总行 401 会议室以现场结合通讯方式召开。 本行已于 2025 年 11 月 19 日以电子邮件形式发出会议通知和材料。本次会议应 出席董事 8 名，实际出席董事 8 名（其中，现场出席董事 1 名，董事胡淳女士、 殷祥林先生、彭玉龙先生、张桥云先生、李明豪先生、李嘉明先生、毕茜女士以 通讯方式参会）。本行股东上海豫园旅游商城（集团）股份有限公司质押本行股 权比例超过 50%，根据监管规定对其提名的彭玉龙董事在董事会上的表决权进行 了限制。会议的召开符合法律、行政法规、部门规章、规范性文件和本行章程的 有关规定。 本次会议由执行董事隋军先生主持。本次会议审议通过了以下议案： 一、《关于修订<重庆农村商业银行股份有限公司章程>的议 ...

重庆农村商业银行股份有限公司 关于股东权益变动事项的进展公告 证券代码：601077 证券简称：渝农商行 公告编号：2025-041 近日，本行收到渝富资本通知，上述协议涉及的川仪股份股票过户登记手续 已办理完成。 特此公告。 重庆农村商业银行股份有限公司董事会 2025 年 11 月 20 日 本行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。 重庆农村商业银行股份有限公司（以下简称"本行"）于 2025 年 6 月 4 日在 上海证券交易所网站（www.sse.com.cn）披露了《关于股东权益变动的提示性公 告》（公告编号：2025-026）。本行主要股东重庆渝富资本运营集团有限公司（以 下简称"渝富资本"）的控股股东重庆渝富控股集团有限公司与中国机械工业集 团有限公司（以下简称"国机集团"）、国机仪器仪表（重庆）有限公司（以下简 称"国机仪器仪表"）签订《表决权委托协议》，中国四联仪器仪表集团有限公司 与国机集团、国机仪器仪表签订《关于重庆川仪自动化股份有限公司之股份转让 框架协议的补充协议》，上述协议签订后，国机仪器仪表成 ...

Group 1 - The core point of the article is that Chongqing Rural Commercial Bank (渝农商行) held its 64th board meeting on November 20, 2025, to discuss amendments to its articles of association [1] - For the first half of 2025, the bank's revenue composition shows that interest income accounted for 105.29%, debt instrument investments for 51.72%, and non-interest income for 6.43% [1] - As of the report date, the market capitalization of Chongqing Rural Commercial Bank is 76.8 billion yuan [1]

Core Insights - The rural commercial bank sector experienced a rise of 0.95% on November 20, with Qingnong Commercial Bank leading the gains [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Qingnong Commercial Bank (002958) closed at 3.25, up 1.88% with a trading volume of 979,600 shares and a transaction value of 317 million yuan [1] - Zijin Bank (601860) closed at 2.88, up 1.41% with a trading volume of 655,100 shares and a transaction value of 188 million yuan [1] - Ruifeng Bank (601528) closed at 5.64, up 1.26% with a trading volume of 202,200 shares and a transaction value of 114 million yuan [1] - Other notable performances include: - Hunan Commercial Bank (601825) up 1.12% - Zhangjiagang Bank (002839) up 1.09% - Jiangyin Bank (002807) up 0.83% [1] Capital Flow - The rural commercial bank sector saw a net inflow of 41.89 million yuan from main funds, while retail funds experienced a net outflow of 24.95 million yuan [1] - Main fund inflows were led by Zijin Bank with 21.16 million yuan and Jiangyin Bank with 20.85 million yuan [2] - Retail fund outflows were significant in Zijin Bank (-15.92 million yuan) and Jiangyin Bank (-14.52 million yuan) [2]

Core Insights - The agricultural commercial bank sector experienced a 0.46% increase on November 19, with Shanghai Agricultural Commercial Bank leading the gains [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - Shanghai Agricultural Commercial Bank (601825) closed at 8.96, up 0.79% with a trading volume of 183,500 shares and a turnover of 165 million yuan [1] - Chongqing Agricultural Commercial Bank (601077) closed at 6.72, up 0.60% with a trading volume of 379,500 shares and a turnover of 256 million yuan [1] - Wuxi Bank (600908) closed at 6.19, up 0.49% with a trading volume of 128,300 shares and a turnover of 79.31 million yuan [1] - Other notable performances include Changshu Bank (601128) at 7.10 (+0.28%) and Suzhou Agricultural Bank (603323) at 5.26 (+0.19%) [1] Capital Flow - The agricultural commercial bank sector saw a net inflow of 6.72 million yuan from institutional investors, while retail investors experienced a net outflow of 10.77 million yuan [1] - Jiangyin Bank (002807) had a net inflow of 21.05 million yuan from institutional investors, but a net outflow of 22.96 million yuan from retail investors [2] - Changshu Bank (601128) also saw a net inflow of 10.40 million yuan from institutional investors, with a net outflow of 14.21 million yuan from retail investors [2]

Investment Rating - Investment rating: Positive (maintained) [1] Core Views - The current credit growth continues to slow down, and social financing growth is also declining from high levels. Although policies are in place to support the market, their impact on demand recovery has not yet been reflected due to time lags. The retail risk for listed banks has increased but remains manageable, supported by substantial provisioning and stable dividend policies, which together form a "stable anchor" for the "dividend revaluation" logic of banks. The banks' advantages in capital markets, wealth management, and investment banking create a "growth sail" for differentiated valuations. Bank valuations are still at historically low levels, and medium to long-term funds have the potential for allocation, making increased allocation to the banking sector a favorable choice under the "high cut low" and balanced allocation strategy. It is recommended to invest in state-owned banks as they still offer good value compared to risk-free interest rates. Specific recommendations include CITIC Bank, benefiting from China Construction Bank, Agricultural Bank of China, China Merchants Bank, Jiangsu Bank, Chongqing Bank, Hangzhou Bank, and Chongqing Rural Commercial Bank [7]. Summary by Sections Deposit and Loan Growth - The deposit and loan growth rates for small and medium-sized banks continued to recover, with the national large banks' deposit-loan growth rate difference at -1.31% at the end of October, a decrease of 0.33 percentage points from the end of September. The four major banks' deposit-loan growth rate difference narrowed by 0.02 percentage points to -2.10%. Small and medium-sized banks recorded a deposit-loan growth rate difference of 3.74%, an increase of 0.08 percentage points [3][4]. Deposit Structure - In October, both large and small banks saw an acceleration in deposit growth, with large banks and small banks' deposit growth rates at 7.40% and 9.33%, respectively, increasing by 0.16 and 0.22 percentage points month-on-month. However, corporate deposits faced pressure, with both large and small banks experiencing negative growth in corporate deposits for the month. The increase in deposits was primarily driven by non-bank contributions, indicating a trend of "deposit migration" [4][5]. Credit Demand and Supply - The overall credit volume and structure remain poor, with small and medium-sized banks increasing lending. The total loans from deposit-taking financial institutions to residents and enterprises saw a year-on-year decrease. The credit growth is under pressure due to unfulfilled demand and other factors, including banks completing most of their annual credit targets in the first three quarters and a lack of actual credit demand conversion from policy measures [6]. Investment Recommendations - Given the current environment, increasing allocation to the banking sector is recommended as it presents a favorable opportunity for investors. The report emphasizes the potential of state-owned banks and suggests specific banks for investment based on their performance and market conditions [7].

Core Insights - The A-share market saw a collective rise in bank stocks, with notable increases in China Bank, which rose nearly 3%, and other banks like Everbright Bank, Bank of Communications, and Agricultural Bank of China also showing gains of over 1% [1] Summary by Category Stock Performance - China Bank increased by 2.77%, reaching a total market capitalization of 191.39 billion, with a year-to-date increase of 12.62% [2] - Everbright Bank rose by 1.98%, with a market cap of 21.27 billion and a year-to-date decline of 2.61% [2] - Bank of Communications saw a 1.75% increase, with a market cap of 66.80 billion and a year-to-date increase of 2.38% [2] - Agricultural Bank of China increased by 1.10%, with a market cap of 289.79 billion and a year-to-date increase of 62.02% [2] - Other banks such as Construction Bank, Jiangsu Bank, and Industrial and Commercial Bank of China also reported gains, with year-to-date increases ranging from 15.34% to 25.13% [2] Historical Performance - China Bank reached a new historical high, following similar achievements by Agricultural Bank and Industrial and Commercial Bank [1]

（责任编辑：徐自立） 中国经济网北京11月18日讯 渝农商行（601077.SH）今日股价收报6.68元，跌幅2.34%。 今日，银行板块跌幅为0.59%，渝农商行股价垫底银行板块。 ...

Core Insights - The agricultural commercial bank sector experienced a decline of 0.94% on November 18, with Yunnan Agricultural Commercial Bank leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Stock Performance - The closing prices and changes for key agricultural banks are as follows: - Wuxi Bank (600908): Closed at 6.16, down 0.16% - Su Nong Bank (603323): Closed at 5.25, down 0.19% - Zhangjiagang Bank (002839): Closed at 4.59, down 0.22% - Shanghai Agricultural Bank (601825): Closed at 8.89, down 0.34% - Changshu Bank (601128): Closed at 7.08, down 0.56% - Jiangyin Bank (002807): Closed at 4.84, down 0.62% - Ruifeng Bank (601528): Closed at 5.56, down 0.89% - Qingnong Bank (002958): Closed at 3.19, down 0.93% - Zijin Bank (601860): Closed at 2.84, down 1.39% - Yunnan Agricultural Bank (601077): Closed at 6.68, down 2.34% [1] Capital Flow - The agricultural commercial bank sector saw a net outflow of 84.52 million yuan from main funds, while retail funds experienced a net inflow of 42.45 million yuan [1] - The detailed capital flow for selected banks includes: - Su Nong Bank: Main funds net inflow of 11.60 million yuan, retail net outflow of 6.05 million yuan - Qingnong Bank: Main funds net inflow of 5.36 million yuan, retail net outflow of 4.42 million yuan - Ruifeng Bank: Main funds net inflow of 3.82 million yuan, retail net outflow of 1.59 million yuan - Zijin Bank: Main funds net inflow of 3.54 million yuan, retail net outflow of 1.21 million yuan - Wuxi Bank: Main funds net inflow of 3.32 million yuan, retail net inflow of 2.90 million yuan - Yunnan Agricultural Bank: Main funds net outflow of 60.81 million yuan, retail net inflow of 39.29 million yuan [2]