Group 1 - The core point of the article highlights the successful implementation of a sustainable development-linked syndicated loan by Industrial Bank, which aligns with ISSB standards, facilitating international green financing for companies like Chaowei Group [1] - Chaowei Group, a leader in China's new energy battery industry, has received a 700 million yuan sustainable development-linked loan, which ties interest rates to carbon reduction and resource recycling targets, resulting in a significant improvement in their ESG rating from BBB to A [1] - The loan's market-oriented mechanism has effectively supported Chaowei Group's green transformation, showcasing the practical benefits of sustainable financing [1] Group 2 - Industrial Bank's Hangzhou branch has developed a systematic financial support plan to assist in achieving carbon peak goals by 2025, becoming the first bank to offer such comprehensive services in Hangzhou [2] - The plan focuses on "policy alignment, digital empowerment, and scenario implementation," covering ten key low-carbon sectors and integrating digital tools like "carbon accounts" [2] - The bank has invested over 20 billion yuan in clean energy and new energy vehicles, establishing a strong connection between green finance and key industries [3] Group 3 - Industrial Bank's Hangzhou branch has launched 146 innovative financial products, including the first green certificate pledge business, amounting to 7.9 billion yuan, creating a diverse product matrix for various scenarios [3] - The bank aims to deepen the integration of low-carbon transformation and digital economy through systematic design and smart tools, while also promoting collaboration between finance, government, and enterprises [3] - As of October 2025, the green loan balance of Industrial Bank's Hangzhou branch is expected to reach 141.4 billion yuan, maintaining a leading position among joint-stock banks in Zhejiang province [3] Group 4 - The bank will continue to focus on national green development strategies, emphasizing "carbon reduction, pollution reduction, green expansion, and growth" while exploring the integration of "green + industry" to support traditional industry transformation [4] - Utilizing a "dual carbon" management platform, the bank plans to expand carbon account applications and enhance its carbon financial product matrix, ensuring robust risk management [4] - The bank is committed to integrating into ecological civilization construction and facilitating the development of a national green finance hub [4]

Core Viewpoint - Industrial Bank has achieved significant growth over 37 years, now ranking 14th globally among banks, with a focus on becoming a value bank and addressing challenges related to low stock valuations [1][5]. Group 1: Performance and Challenges - The bank's president, Chen Xinjian, emphasized the resilience of the bank's operations over the past five years, achieving stable revenue and net profit, while narrowing the decline in net interest margin [1][4]. - Despite a strong performance in the banking sector this year, many banks, particularly joint-stock banks, remain undervalued, with price-to-book ratios lagging behind [1][5]. - Chen noted that the long-term undervaluation of bank stocks is partly due to market biases, which create a significant gap between stock prices and intrinsic values [2][5]. Group 2: Strategic Goals for the Future - Looking ahead to the 14th Five-Year Plan, Industrial Bank aims to establish itself as a leading value bank, leveraging its differentiated advantages to navigate external uncertainties [3][9]. - The bank plans to deepen its focus on industrial finance, enhance comprehensive financial services, expand international business, and strengthen digital transformation efforts [9][10]. Group 3: Value Creation and Market Communication - Industrial Bank has implemented a valuation enhancement plan and aims to improve operational quality to support stock price recovery [6]. - The bank is committed to maintaining strong communication with the market, optimizing reporting practices, and engaging with investors to convey its value proposition [6][7]. - To stabilize its market value, the bank has seen significant shareholding increases from major shareholders, enhancing its ownership structure and reducing volatility [7]. Group 4: Financial Strategies and Innovations - The bank is actively pursuing innovative financial strategies, including the establishment of financial asset investment companies to support technology finance and enhance capital adequacy [5][9]. - Chen highlighted the importance of optimizing capital structure to facilitate better service to the real economy and support sustainable growth [5][7].

Key Points - The company issued a total of 50 billion RMB in convertible bonds, which will be listed on the Shanghai Stock Exchange [2][8] - The bonds have a maturity period of six years, from December 27, 2021, to December 26, 2027 [5] - The interest rates for the bonds are structured to increase over the years, starting at 0.2% in the first year and reaching 3.0% in the sixth year [5] - The first interest payment will occur on December 29, 2025, for the period from December 27, 2024, to December 26, 2025, at a rate of 1.5% [12][13] - The conversion period for the bonds is from June 30, 2022, to December 26, 2027 [7] - The bonds have been rated AAA by Shanghai New Century Credit Rating Investment Service Co., Ltd. [10][11] - The bonds will be managed by China Securities Depository and Clearing Corporation Limited, Shanghai Branch [11] - The latest conversion price for the bonds is set at 21.19 RMB per share [9]

Group 1 - The announcement from Industrial Bank states that the record date for convertible bond interest payment is December 26, 2025 [2] - The ex-dividend date for the convertible bonds is set for December 29, 2025 [2] - The payment date for the convertible bond interest is also December 29, 2025 [2]

公告编号：临2025-067 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。 重要内容提示： 兴业银行股份有限公司（以下简称本公司）于 2021 年 12 月 27 日公开发行的 500 亿元 A 股可转换公司债券（以下简称可转债）将于 2025 年 12 月 29 日支付 2024 年 12 月 27 日至 2025 年 12 月 26 日期间的利息。根据《兴业银行股份有限公司公 开发行 A 股可转换公司债券募集说明书》（以下简称《募集说明书》）有关条款的 规定，现将有关事项公告如下： 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"兴业转债"2025 年付息事宜的公告 一、本期可转债发行上市概况 1、债券简称：兴业转债。 4、证券类型：本次发行证券的种类为可转换为本公司 A 股股票的公司债券。 该可转债及未来转换的本公司 A 股股票在上海证券交易所上市。 5、发行规模：本次发行可转债总额为人民币 500 亿元。 6、发行数量：50,000 万张（5,0 ...

Core Viewpoint - Recent activities in the secondary market for Sci-Tech bonds indicate a significant innovation in trading mechanisms, enhancing liquidity and broadening financing channels for technology enterprises [2][3][4][5]. Group 1: Trading Innovations - GF Securities and Industrial Bank executed the first bond lending transaction for Sci-Tech bonds on the Shenzhen Stock Exchange, totaling 40 million yuan [2]. - CITIC Securities and Everbright Bank successfully completed a repurchase transaction using "National Development Floating Rate Sci-Tech Bonds" as collateral, amounting to 50 million yuan [4]. - Industrial Bank and Dongfang Securities conducted the first buyout repurchase transaction in the interbank market using "National Development Sci-Tech Bonds" as collateral, with a transaction value of 210 million yuan [5]. Group 2: Market Impact - The introduction of these transactions is expected to enrich the variety of Sci-Tech bond trading, increase market activity, and improve the functionality of the secondary market [2][3][4]. - The People's Bank of China and the China Securities Regulatory Commission have issued guidelines to support the issuance of Sci-Tech bonds, encouraging market participants to finance technology innovation and industrial upgrades [2]. - The successful execution of these transactions is seen as a practical example that enhances the liquidity of Sci-Tech bonds and attracts more market participants [3][4]. Group 3: Institutional Responses - GF Securities aims to leverage its expertise in bond trading to enhance the liquidity and financing capabilities of Sci-Tech bonds, thereby attracting more investors [3]. - CITIC Securities plans to continue focusing on the construction of a trading ecosystem to lower financing costs for Sci-Tech enterprises [4]. - Industrial Bank is committed to expanding the asset utilization range for investors and reducing financing costs for technology enterprises through innovative trading mechanisms [5].

Group 1 - The core viewpoint emphasizes the importance of financial support in fostering technological innovation and addressing the financing challenges faced by tech companies [1][5] - Financial institutions are increasingly exploring new pathways to provide continuous financial support to innovative enterprises, particularly in regions like Anhui, Jiangsu, and Guangdong [1][2] - The "Common Growth Plan" initiated by the People's Bank of China in Anhui has successfully provided over 210 billion yuan in loans to more than 15,000 enterprises, addressing the financing difficulties of tech companies [2][3] Group 2 - The People's Bank of China has expanded the scale of re-loans for technological innovation and technical transformation to 800 billion yuan and reduced the re-loan interest rate to 1.5%, enhancing financial services for tech R&D and commercialization [3][8] - The loan balance for tech SMEs has maintained a year-on-year growth rate of over 20%, with tech loans accounting for nearly 30% of new loans, becoming a significant driver of credit growth [3][4] - Financial institutions are optimizing lending processes and utilizing technology to transform the "soft power" of tech companies into "hard currency" for financing, thereby improving the efficiency of financial services [4][5] Group 3 - The collaborative credit model integrating investment, loans, and guarantees has significantly supported the rapid growth of startups like Guangdong Blue Potential Marine Technology Co., which has seen an annual order growth rate exceeding 200% [7] - The average annual growth rate of research and technology loans during the 14th Five-Year Plan period is projected to reach 27.2%, with the A-share tech sector accounting for over a quarter of total market capitalization [7][8] - A multi-departmental approach is essential for developing tech finance, as highlighted by the joint efforts of the Ministry of Science and Technology and the People's Bank of China to establish a supportive financial ecosystem for tech innovation [6][8]

Core Viewpoint - The official launch of the Hainan Free Trade Port's full island closure operation marks a new phase in China's opening-up strategy, characterized by a comprehensive liberalization and facilitation policy system [1][2]. Financial Infrastructure Support - The financial infrastructure for the closure operation has been strengthened through improved cross-border capital flow management, the launch of multi-functional free trade accounts, and enhanced monitoring mechanisms [1][2][5]. Tax and Trade Benefits - The zero tariff policy for goods trade has been expanded to 6,600 tax items, accounting for approximately 70% of all product tax items, which is expected to attract global trade and investment [2][4]. Cross-Border Financial Services Opportunities - The new policies will create significant demand for cross-border financial services, including trade settlement, capital management, cross-border financing, and offshore bonds, providing banks with new opportunities [2][4]. Multi-Functional Free Trade Accounts - The introduction of multi-functional free trade accounts (EF accounts) aims to facilitate the free flow of cross-border funds, with 729 accounts opened by 11 banks in Hainan, amounting to a business volume of 295 billion RMB by November 2025 [4][6]. Cross-Border Asset Management Pilot - The cross-border asset management pilot program, launched in October 2025, allows foreign investors to invest in various financial products issued by Hainan financial institutions, enhancing the attractiveness of the region [6][7]. Challenges in Cross-Border Financial Services - Despite the opportunities, challenges such as anti-money laundering, compliance checks, and currency fluctuation risks remain for banks providing cross-border financial services [7][8]. Financial Innovation and Regulatory Support - The Hainan Free Trade Port aims to enhance its international financial capabilities by leveraging experiences from the free trade zone, including the establishment of a digital RMB international operation center and the development of offshore bonds [8][9].

（文章来源：证券日报） 证券日报网讯 12月19日晚间，兴业银行发布公告称，公司第十一届董事会第十二次会议审议通过《关 于增补董事会提名委员会委员的议案》《关于聘任孙雄鹏先生为首席合规官的议案》《关于〈2025年 度"提质增效重回报"行动方案〉的半年度评估报告》等多项议案。 ...

北京商报讯12月19日，兴业银行发布第十一届董事会第十二次会议决议公告，会议审议通过了《关于聘 任孙雄鹏先生为首席合规官的议案》，孙雄鹏将在国家金融监督管理总局核准其首席合规官任职资格后 任职。 （文章来源：北京商报） ...