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。 兴业银行股份有限公司（以下简称本公司）于 2025 年 9 月 17 日召开的 2025 年第一次临时股东会审议通过了《关于修订章程的议案》《关于修订〈股东会议 事规则〉的议案》《关于修订〈董事会议事规则〉的议案》和《关于不再设置监 事会的议案》。 公告编号：临 2025-068 A股代码：601166 A股简称：兴业银行 可转债代码：113052 可转债简称：兴业转债 兴业银行股份有限公司 关于公司章程修订获核准及不再设置监事会的公告 今日，本公司收到《国家金融监督管理总局关于兴业银行修改公司章程的批 复》（金复〔2025〕762 号），本公司修订后的公司章程已于 2025 年 12 月 26 日获国家金融监督管理总局核准并生效。公司章程全文详见上海证券交易所网站 （www.sse.com.cn）和本公司网站（www.cib.com.cn）。修订后的《兴业银行股 份有限公司股东会议事规则》和《兴业银行股份有限公司董事会议事规则》同步 生效。 自公司章程核准之日起，本公司不再设置 ...

Group 1 - The cross-border payment (CIPS) concept increased by 1.57%, ranking 7th among concept sectors, with 51 stocks rising, including Cuivi Co. and *ST Rendong hitting the daily limit [1] - Leading gainers in the CIPS sector included Lakala, *ST Tianyu, and Sifang Precision, with increases of 12.57%, 11.40%, and 6.30% respectively [1] - The sector saw a net inflow of 2.446 billion yuan from main funds, with 46 stocks receiving net inflows, and 11 stocks exceeding 100 million yuan in net inflow [1] Group 2 - The top stocks by net inflow included Cuivi Co. with 368 million yuan, followed by Lakala, Industrial Bank, and China Merchants Bank with 361 million yuan, 256 million yuan, and 243 million yuan respectively [1] - The net inflow ratios for major banks included China Construction Bank at 16.86%, Industrial Bank at 15.97%, and Cuivi Co. at 15.55% [2] - The trading volume and turnover rates for leading stocks in the CIPS sector were significant, with Cuivi Co. at a turnover rate of 24.01% and Lakala at 17.11% [2]

Investment Rating - The report suggests a focus on undervalued, high-dividend banks, particularly large city commercial banks and state-owned banks [2][19]. Core Insights - The banking sector experienced a decline of 0.9% this week, with negative excess returns influenced by a rebound in market risk appetite, leading to continued outflows of active funds from the sector [2][9]. - The People's Bank of China released a financial stability report indicating a decrease in the number of high-risk rated financial institutions, with the number of red zone (high-risk) institutions dropping from 357 to 312 [6][40]. - The report highlights that the asset scale of red zone banks accounts for only 2.1% of the total, indicating overall stability in the banking sector [6][40]. - The report emphasizes that major banks maintain stable capital levels under various GDP slowdown scenarios, with capital adequacy ratios remaining above regulatory requirements [7][43]. Summary by Sections Market Performance - The banking index has shown a cumulative decline of 0.9%, underperforming compared to the CSI 300 and ChiNext indices by 2.8% and 4.8% respectively [9][19]. - Active funds have been flowing out of the banking sector, with net outflows of approximately 1 billion yuan over the past week [21]. Financial Stability Report Highlights - The financial stability report indicates a reduction in the number of participating financial institutions due to mergers and restructuring, with a total of 3529 institutions evaluated in 2025, down from 3936 in 2023 [6][40]. - The report notes that the distribution of ratings for village and town banks has decreased to the 3-D level, reflecting some tail risks in the industry [6][40]. Capital Stability Under Stress Tests - Stress tests for 23 major banks indicate that under light, moderate, and severe scenarios, the capital adequacy ratio could decrease by 5.81, 6.43, and 7.33 percentage points respectively, but remains compliant with regulatory standards [7][43][44]. - The report highlights that systemically important banks can maintain a capital adequacy ratio above 12% even under the most severe stress scenarios [50]. Convertible Bond Opportunities - The report identifies potential strong redemption opportunities in convertible bonds of banks, particularly for banks like Changshu Bank, Shanghai Bank, and Chongqing Bank, which are approaching their strong redemption prices [8][31]. Dividend Yield Analysis - As of December 26, the average dividend yield for the six major state-owned banks' A-shares has decreased to 3.96%, while the H-shares yield stands at 5.24%, with a discount rate of 24% compared to A-shares [25][29].

Group 1 - The core viewpoint of the articles indicates that the banking sector is expected to experience a systematic valuation recovery by 2026, shifting the investment logic from pure dividend defense to a dual drive of "dividend + growth" [1] - The banking stocks are characterized by high dividends and low valuations, which continue to attract stable funds in the context of declining risk-free interest rates [1] - Factors such as stabilized interest margins, a rebound in regional credit demand, and growth in non-interest income are anticipated to drive the performance elasticity of quality banks, leading to a potential shift in valuation logic from Price-to-Book (PB) to Price-to-Earnings (PE) [1] Group 2 - The Southern Bank ETF (512700.SH) is highlighted as an effective tool for capturing opportunities in the banking sector, benefiting from the dividends of state-owned banks, the growth elasticity of quality joint-stock banks, and regional policy dividends [1] - The article notes that as of 14:44, the Southern Bank ETF rose by 0.75%, and Industrial Bank increased by 1.28% [1]

12月29日，香港金管局公布，自人民币业务资金安排第二阶段起，参与银行名单已扩大至40家，分配给 参与银行的总额度由前阶段的500亿元人民币增加至1,000亿元人民币。如香港金管局于9月26日所公 布，人民币业务资金安排由第二阶段起，进一步扩大所涵盖的合资格人民币资金用途范围至人民币资本 支出，及营运资金定期贷款。对此优化安排，银行业界反应正面。 中國農業銀行股份有限公司 澳新銀行集團有限公司 盤谷銀行(大眾有限公司) 中國銀行(香港)有限公司 中國銀行股份有限公司 交通銀行(香港)有限公司 交通銀行股份有限公司 東亞銀行有限公司 永豐商業銀行股份有限公司 法國巴黎銀行 中信銀行(國際)有限公司 中國建設銀行(亞洲)股份有限公司 中國建設銀行股份有限公司 中國光大銀行股份有限公司 招商銀行股份有限公司 中國民生銀行股份有限公司 集友銀行有限公司 創興銀行有限公司 招商永隆銀行有限公司 大新銀行有限公司 星展銀行(香港)有限公司 星展銀行有限公司 德意志銀行 第一阿布扎比銀行 富邦銀行(香港)有限公司 恒生銀行有限公司 香港上海滙豐銀行有限公司 中國工商銀行(亞洲)有限公司 中國工商銀行股份有限公司 興業銀行股 ...

Core Insights - The aging population in China is becoming a significant challenge, with projections indicating that by the end of 2024, 22.0% of the population will be over 60 years old, and 15.6% will be over 65 years old, marking an increase from 2019 [1] - The government is actively implementing policies to enhance the pension finance system, aiming to create a robust framework for pension financial services and products [2][3] Policy Developments - In December 2024, a joint guideline was issued by the People's Bank of China and nine other departments to support the development of the silver economy through targeted financial products for different age groups [2] - The National Financial Supervision Administration released an implementation plan in March 2025 to establish a diverse commercial pension finance system [2] Research Findings - A recent white paper by Industrial Bank highlights that nearly 80% of respondents are willing to allocate up to 30% of their monthly income for retirement savings, with a preference for bank deposits and wealth management products [3][8] - The white paper also indicates a significant urban-rural divide in pension account participation, with urban residents showing higher account opening and contribution rates compared to rural residents [6] Future Trends - The white paper predicts a "six-fold" trend in pension finance development, including systematic management of pension funds, diversification of pension products, personalized financial services, age-appropriate online and offline services, diversified financing methods for the pension industry, and the integration of smart technologies in the silver economy [19][20][21] Consumer Behavior - The ideal monthly retirement expenditure for respondents is between 3,000 to 5,000 yuan, with higher expectations in first-tier cities [12] - The demand for diverse pension financial products is characterized by a preference for safety, rational return expectations, and sensitivity to liquidity [8][12] International Insights - The white paper draws on international experiences, particularly from Japan, suggesting that China can enhance participation in personal pension systems through optimized tax policies and targeted subsidies for low-income groups [14][16] - The analysis indicates that as life expectancy increases, the demand for institutional care in China is likely to rise, similar to trends observed in Japan [16][17]

Core Insights - The article discusses the emergence of a significant "silver economy" in China due to rapid population aging, highlighting the need for innovative financial services tailored to the elderly [1][3] - It emphasizes the shift from traditional financial services focused on account management to a more comprehensive approach that integrates financial products with various aspects of elderly care and lifestyle [5][6] Financial Policy and Market Trends - Since 2022, there has been a surge in pension finance policies, with the central financial work conference prioritizing "pension finance" as a new growth area for commercial banks [3][4] - The demand for pension financial services is evolving, requiring banks to extend their services beyond mere financial management to encompass a full range of elder care needs [3][5] Service Innovation and Integration - Banks are encouraged to create a comprehensive ecosystem that combines financial products with real-life services, addressing the diverse needs of elderly clients [5][6] - Leading banks, such as Industrial Bank, are already exploring innovative service models that integrate various elder care services, including healthcare and social activities, into their offerings [6][10] Challenges in Implementation - The article outlines several challenges banks face in establishing a cohesive pension finance ecosystem, including organizational structure, data sharing, and the need for specialized talent [8][9] - A shift from decentralized management to a more centralized and professional approach is recommended to enhance service delivery [8] Talent Development and Education - The lack of professionals who understand finance, elder care, and customer needs is identified as a significant barrier to improving pension financial services [9] - Industrial Bank is initiating a talent development program to train over 2,100 pension financial planners, focusing on practical experience and collaboration with industry experts [9] Community Engagement and Financial Literacy - Enhancing financial literacy among the elderly is crucial for the acceptance of innovative financial products and services [9] - Industrial Bank has conducted numerous public lectures and established educational bases to promote financial knowledge among the elderly, receiving positive feedback from the community [9][10]

Core Viewpoint - The aging population accelerates the need for effective management of retirement wealth, with commercial banks playing a crucial role in stabilizing returns amidst market fluctuations [1][3]. Group 1: Retirement Wealth Management Strategies - The core demand for retirement wealth management is "long-term stability," requiring banks to avoid significant capital losses while achieving reasonable growth [5]. - Commercial banks are transforming into "lifetime partners," implementing a comprehensive strategy that covers all stages of retirement planning, thus becoming the first line of defense against market volatility [6]. - A multi-faceted approach to asset allocation is essential, including precise customer profiling, diversified investments across various asset classes, and dynamic adjustments based on market changes [6][7]. Group 2: Tailored Services for Different Age Groups - For clients aged 30-50, banks increase the proportion of equity assets, promoting retirement target funds to help them accumulate wealth over the long term [7]. - For clients aged 50 and above, banks focus on "fixed income plus" strategies to ensure stable returns while managing risks, aligning with the priority of capital preservation [7]. Group 3: Comprehensive Solutions and Professional Support - The core capability of being a "lifetime partner" lies in providing one-stop, all-encompassing planning solutions that address retirement savings, medical insurance, and wealth inheritance [9]. - A robust team of over 3,000 retirement financial planners with diverse professional qualifications is crucial for delivering comprehensive retirement planning advice [9]. - Banks are enhancing product offerings, such as launching exclusive retirement products during promotional events to provide more choices for elderly clients [10]. Group 4: Trust and Emotional Support in Financial Services - Financial institutions must integrate emotional care into their services, as trust in the bank can help clients manage market volatility more rationally [12]. - Banks are upgrading services for the elderly, including accessibility improvements and personalized assistance to facilitate their banking experience [12][13]. - Initiatives like the "Respect for the Elderly Month" and the establishment of clubs for elderly clients foster social connections and address issues like information isolation and fraud risks [13][14]. Group 5: Evolving Demand for Retirement Wealth Management - With the full implementation of the personal pension system, the demand for retirement wealth management is expected to grow progressively [14]. - The banking sector's approach to retirement finance encompasses wealth planning, service assurance, and ecosystem development, effectively mitigating market fluctuations and providing a solid foundation for retirement wealth [14].

Core Viewpoint - The aging population in China, with over 300 million individuals aged 60 and above, is reshaping the pension finance landscape, transitioning from personal wealth management to a critical social and economic issue [1][2] Group 1: Evolution of Pension Finance Services - The role of commercial banks in pension finance is evolving from being mere "account managers" to becoming "lifetime partners" that provide comprehensive services throughout the entire life cycle [9][10] - Early on, commercial banks primarily focused on basic fund management, meeting the limited financial needs of the elderly, which were mainly centered around the security and accessibility of funds [5][6][7] - As the pension security system matures, banks are expanding their services to encompass the three pillars of pension finance: basic pension insurance, enterprise annuities, and personal pensions [7][8] Group 2: Case Study of Industrial Bank - Industrial Bank has been a pioneer in the pension finance sector, launching its "Anyu Life" brand in 2012 and developing a comprehensive pension finance system over the past decade [3][8] - The bank collaborates with social security departments across 22 provinces, issuing over 1.86 million financial social security cards, and manages 5.8 billion yuan in pension funds through various annuity services [8] - By offering a full range of personal pension services through multiple channels, Industrial Bank has opened over 7.6 million personal pension accounts and provides a diverse array of pension products [8] Group 3: Transition to Comprehensive Services - The shift from "account manager" to "lifetime partner" reflects a need for banks to address the diverse and evolving financial needs of clients, including health management and wealth transfer [10][11] - The new service model emphasizes proactive engagement with clients, offering personalized financial planning and integrating financial and non-financial services [11][12] - Industrial Bank has developed a "hexagonal" service system that includes a smart pension account, wealth management strategies, and a network of age-friendly service points [13] Group 4: Implications for the Industry - The transformation of commercial banks' roles in pension finance is a necessary response to the demands of an aging population, aiming to alleviate the pressure on basic pension insurance and promote high-quality development of the silver economy [14] - As the industry continues to innovate, the concept of "lifetime partner" will evolve, positioning pension finance as a vital support system for addressing the challenges of an aging society [14]

活动期间，兴业银行乌鲁木齐分行与企业深入沟通，派出专业财富顾问团队，针对职工不同金融需求和 疑问，提供专业金融知识解读，内容清晰易懂、贴近民生。 活动通过一对一讲解、互动问答等多种形式展开，现场气氛热烈，企业员工纷纷就自身关心的金融问题 与工作人员交流。 "平时工作忙，很少有时间去网点详细咨询，有一些金融知识和业务办理流程不太了解，线上服务虽然 方便，但还是有些疑问搞不明白，兴业银行能有这样的上门服务，帮我们解决问题，特别贴心！"一位 参与活动的企业员工表示。此次活动不仅为企业员工提供了面对面、零距离的金融服务，也进一步体现 了兴业银行乌鲁木齐分行主动回应群众需求的服务理念。 近年来，兴业银行乌鲁木齐分行持续拓宽服务渠道和服务模式，从迎接群众来网点到主动靠前送服务， 从企业金融服务到职工金融需求，致力于打造"一站式"便民金融服务窗口。持续开展的金融服务入企、 入社区等活动，让金融服务更加普惠、温暖、可及，真正实现金融为民、金融惠民。（于倩） 转自：新华财经 为积极践行金融服务为民宗旨，将优质、便捷的金融服务延伸至企业和职工身边。近日，兴业银行乌鲁 木齐分行走进多家企业，将营业网点"前移"，开展"金融服务入企" ...