Market Overview - The Shanghai Composite Index rose by 0.45% on August 6, with 24 out of the 28 sectors experiencing gains. The top-performing sectors were defense and military industry, and machinery equipment, with increases of 3.07% and 1.98% respectively [1] - The banking sector saw a decline of 0.14% [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 9.652 billion yuan, with seven sectors experiencing net inflows. The machinery equipment sector led with a net inflow of 4.367 billion yuan, followed closely by the defense and military industry with a net inflow of 4.283 billion yuan [1] - The pharmaceutical and biological industry had the largest net outflow, totaling 9.049 billion yuan, followed by the telecommunications sector with a net outflow of 2.949 billion yuan [1] Banking Sector Performance - In the banking sector, there were 42 stocks, with 11 rising and 26 falling. The sector experienced a net outflow of 1.067 billion yuan [2] - The top three banks with the highest net outflow were Minsheng Bank, China Construction Bank, and Industrial and Commercial Bank of China, with outflows of 263.15 million yuan, 213.00 million yuan, and 174.41 million yuan respectively [2][3] - The individual stock performance showed that Changshu Bank had the highest net inflow of 41.12 million yuan, followed by Hangzhou Bank and Chongqing Rural Commercial Bank with inflows of 32.14 million yuan and 22.64 million yuan respectively [2][3]

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。 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屆董事會 第五十九次會議決議公告》，謹供參閱。 承董事會命 重慶農村商業銀行股份有限公司* Chongqing Rural Commercial Bank Co., Ltd.* 執行董事兼行長 隋軍 中國 • 重慶，2025年8月6日 於本公告日期，本行執行董事為隋軍先生；本行非執行董事為胡淳女士、殷祥林先生及 彭玉龍先生；及本行獨立非執行董事為張橋雲先生、李明豪先生、李嘉明先生及畢茜女 士。 * 本行經中國銀行業監督管理 ...

Core Viewpoint - The board of directors of Chongqing Rural Commercial Bank has approved several resolutions regarding the management of the bank's market value and related party transactions, ensuring compliance with legal and regulatory requirements [1][2][3] Group 1: Board Meeting Resolutions - The fifth session of the board's 59th meeting was conducted via written and communication voting, with 7 out of 8 directors participating [1] - The meeting approved the "Chongqing Rural Commercial Bank Market Value Management Measures" with unanimous support [1] - The board also reviewed and approved several related party transactions involving Chongqing Financial Asset Management Co., Ltd., Chongqing Development Investment Co., Ltd., Chongqing Water Investment Group Co., Ltd., and Chongqing Airport Group Co., Ltd., all receiving unanimous votes [2][3] Group 2: Related Party Transactions - The related party transactions with Chongqing Financial Asset Management Co., Ltd. and Chongqing Development Investment Co., Ltd. were included in the bank's comprehensive credit limit, which had previously been approved by the board and shareholders [2] - The transaction with Chongqing Water Investment Group Co., Ltd. was also part of an already approved comprehensive credit limit [2] - The transaction with Chongqing Airport Group Co., Ltd. was classified as a significant related party transaction and required board approval but did not need to be submitted to the shareholders' meeting [3]

证券代码：601077 证券简称：渝农商行 公告编号：2025-031 重庆农村商业银行股份有限公司 第五届董事会第五十九次会议决议公告 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"）第五届董事会第五十 九次会议以书面传签、通讯表决方式召开，表决截止日为 2025 年 8 月 6 日。本 行已于 2025 年 8 月 1 日以电子邮件形式发出会议通知和材料。本行在任董事 8 名，本次会议应参与表决董事 7 名，实际参与表决董事 7 名。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、法规、 规章和《重庆农村商业银行股份有限公司章程》的有关规定。 本次会议审议通过了以下议案： 一、《关于审议<重庆农村商业银行市值管理办法>的议案》 表决情况：有效表决票 6 票，同意 6 票，反对 0 票，弃权 0 票（董事殷祥林 先生因关联关系回避表决）。 上述议案二、议案三授信已包含在 ...

Group 1: Financing Mechanism for Small and Micro Enterprises - The establishment of a financing coordination mechanism aims to address the difficulties faced by small and micro enterprises in obtaining loans and the challenges banks encounter in lending [1][9] - The mechanism involves government departments pre-screening enterprises and banks providing precise matching services, enhancing the efficiency of loan acquisition for small businesses [1][3] - The mechanism has led to the development of tailored financial products, such as "Pepper Loan" and "Quick Guarantee Loan," to meet the specific needs of the pepper industry in Chongqing [3][4] Group 2: Impact of E-commerce on Sales Growth - The introduction of e-commerce channels has significantly boosted sales for companies like Fengyuan Pepper, with sales increasing from 20 million yuan in 2019 to 100 million yuan in 2024, marking a 20-fold growth [2][3] - The ability to secure funding has allowed companies to stock up on inventory, enabling them to meet large order demands during peak sales periods [3][8] Group 3: Support from Financial Institutions - Financial institutions have played a crucial role in supporting small enterprises by providing timely loans, such as a 400,000 yuan credit increase for Fengyuan Pepper to expand production capacity [3][9] - The "Xinyi Loan·Yuhui融" platform has facilitated the connection between banks and small enterprises, allowing for a more streamlined loan application process [7][9] Group 4: Export Challenges and Solutions - Small foreign trade enterprises like Haosen Motorcycle face challenges such as order fluctuations and currency risks, necessitating innovative financing solutions [8][9] - The China Bank has introduced multi-currency settlement accounts to simplify currency exchange processes and reduce costs, saving nearly 1 million yuan annually for enterprises [9][10] - The bank also offers services to lock in exchange rates and provides export credit insurance to mitigate risks associated with international trade [10]

证券之星消息，8月5日农商行板块较上一交易日上涨1.53%，常熟银行领涨。当日上证指数报收于 3617.6，上涨0.96%。深证成指报收于11106.96，上涨0.59%。农商行板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 601128 | 常熟银行 | 7.66 | 2.68% | 59.85万 | | 4.55 乙 | | 002807 | 江阴银行 | 4.80 | 2.56% | 38.42万 | | 1.83亿 | | 002839 | 张家港行 | 4.57 | 2.01% | 61.83万 | | 2.80亿 | | 002958 | 青农商行 | 3.57 | 2.00% | 56.40万 | | 2.00亿 | | 601528 | 瑞丰银行 | 5.75 | 1.77% | 16.11万 | | 9221.14万 | | 601860 | 紫金银行 | 3.03 | 1.68% | 75.96万 | | 2.29亿 | | 603323 ...

Core Viewpoint - The banking sector is experiencing positive momentum, driven by favorable policies and strong performance from key banks, leading to increased investor interest in bank ETFs and individual bank stocks [1][4][6]. Banking Sector Performance - The Shanghai Composite Index opened lower but quickly turned positive, with significant contributions from the banking sector, particularly the bank ETF (512800), which saw a price increase of over 1% at one point and closed up by 0.59% with a trading volume of 1.191 billion yuan [1]. - Major banks such as Agricultural Bank of China and Qingdao Bank reached new highs, with Qingdao Bank's stock rising over 4% during the day [1][3]. Policy Environment - The People's Bank of China recently maintained a stance of "moderately loose monetary policy" and "ample liquidity," which is expected to benefit banks significantly [3]. - The government’s fiscal policies are anticipated to boost financing demand, supporting stable credit growth from banks [4]. Financial Performance of Banks - Several listed banks have reported positive earnings for the first half of the year, with all five banks mentioned achieving positive growth in net profit, and four of them recording double-digit growth [4][5]. - The overall asset quality of the banking sector remains stable, with expectations for continued profit growth due to effective management of interest margins and credit quality [5][6]. Investment Trends - Institutional investors are increasingly favoring bank stocks due to their stable dividends and solid performance, with significant net inflows into bank ETFs recently [6][8]. - The bank ETF (512800) has become the largest and most liquid among its peers, with a fund size exceeding 14.4 billion yuan and an average daily trading volume of 567 million yuan this year [8].

时任广西鹿寨渝农商村镇银行有限责任公司运营管理部副经理（主持全面）、运营管理部经理秦某艳对 该行上述违法违规行为负有责任。 中国人民银行柳州市分行依据相关法律法规，对广西鹿寨渝农商村镇银行有限责任公司给予警告，罚款 25.7万元；对秦某艳罚款1.5万元。 根据重庆农村商业银行股份有限公司（以下简称"渝农商行"，601077.SH）披露的2024年年度报告，广 西鹿寨渝农商村镇银行有限责任公司为渝农商行全资子公司。 中国经济网北京8月4日讯 中国人民银行网站近日公布的中国人民银行柳州市分行行政处罚决定信息公 示表（柳银罚决字〔2025〕3号、4号）显示，广西鹿寨渝农商村镇银行有限责任公司未按规定履行客户 身份识别义务；超过期限报送账户撤销资料。 | 序号 | 当事人名称 | 行政处罚 | 违法行为类型 | 行政处罚 | 作出行政处罚 | 作出行政处罚 | 公示期限 (自公示之 | 备注 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | (姓名、职务) | 决定书文号 | | 内容 | 决定机关名称 | 决定日期 | 日起计算) | | | ...

从资金流向上来看，当日农商行板块主力资金净流入9922.62万元，游资资金净流出6846.34万元，散户资 金净流出3076.28万元。农商行板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601077 論农商行 | | 8820.26万 | 16.26% | -7767.31万 | -14.32% | -1052.94万 | -1.94% | | 601860 | 紫金银行 | 1762.72万 | 9.60% | -945.55万 | -5.15% | -817.18万 | -4.45% | | 601128 常熟银行 | | 1351.48万 | 6.16% | 48.55万 | 4 0.22% | -1400.03万 | -6.38% | | 002839 张家港行 | | 468.53万 | 2.83% | 332.46万 | 2.01% | -800.99万 | -4.84% | ...

Group 1 - The core conclusion is that high-quality cyclical stocks are expected to show a fundamental turning point, which is key to their potential for excess returns. Currently, banks with a high proportion of retail exposure are still under pressure, but signs indicate that the pressure on quality stocks is easing. This is due to the gradual clearance of retail non-performing loans and the expectation that net interest margins will stabilize first [3][5][29] - The report predicts that the retail non-performing loan generation for listed banks will remain high until the second half of 2026, but quality banks are expected to clear their non-performing loans ahead of the industry. For quality regional banks with strong risk management capabilities, the turning point for retail non-performing loans may be approaching [3][8][18] - The net interest margin for some quality regional banks is expected to stabilize first due to a noticeable narrowing in the decline of new loan interest rates and the high proportion of long-term savings deposits, which provides greater room for optimization [3][22][29] Group 2 - The macro narrative of anti-involution is strengthening, and long-term economic optimism is increasing, which enhances the winning probability of cyclical stocks. Although the current economic fundamentals remain weak, the long-term optimistic expectations have been reinforced. The report suggests that further demand-side policies are needed to translate expectations into reality, which is a significant factor in recent market adjustments [4][27][29] - The report recommends selecting undervalued high-quality cyclical stocks for excess returns in the second half of the year, while high-dividend stocks still hold significant value but are unlikely to yield excess returns. The performance of individual stocks is expected to diverge, making stock selection crucial [29][31] - The report highlights specific banks such as Ningbo Bank, Changshu Bank, Changsha Bank, Chongqing Rural Commercial Bank, and China Merchants Bank as key recommendations for investors looking for quality cyclical stocks with potential for early recovery in fundamentals [29][31]