来源：金融人事mini 本期，继续介绍兴业银行中层人事变动，涉及总行多部门副总和一级分行副行长。 总行授信审批部副总经理康丽蓉，拟任厦门分行副行长；2016年8月起历任兴业银行赣州分行行长、长 沙分行行长助理、长沙分行副行长，今年初调任总行。 总行数据管理部副总经理杨捷，拟任泉州分行副行长；曾任数据管理部总经理助理。 总行行政后勤部副总经理房向东，任上海分行巡视员。 银川分行副行长车晨鸣，拟任兰州分行副行长；曾任兴业银行莆田分行行长助理，2024年11月任银川分 行副行长。 临近年末，兴业银行还有多位一级分行高管的任职资格获准。 兴业银行香港分行副行长邹雅彬，拟任兴银理财副总裁；曾任香港分行联合风险总监、行长助理。香港 分行是兴业银行首家境外机构，截至2025年6月末，香港分行总资产为2430．37亿元。 2025年内，兴银理财管理层已多次调整，目前高管成员包括：总裁汪圣明，副总裁章杉杉、胡红波，总 裁助理贺轶，首席合规官石柳。截至2025年6月末，兴银理财管理产品规模23，155.77亿元，稳居市场 第二位。截至9月末，兴银理财已累计为客户创造投资收益超4500亿元，服务客户数超3100万人。 12月11日 ...

Core Viewpoint - The collaboration between Industrial Bank Chengdu Branch and Chengdu Rongcheng Football Club marks a significant branding initiative in the Chinese Super League, enhancing community engagement through sports and financial education [1][3][4]. Group 1: Event Highlights - The match between Beijing Guoan and Chengdu Rongcheng attracted over 40,000 spectators, creating an electrifying atmosphere at the Phoenix Mountain Sports Park [1]. - Industrial Bank Chengdu Branch launched a "co-branding" initiative with Chengdu Rongcheng, featuring their logo prominently displayed on LED screens and at various promotional booths [1][3]. - The bank's financial knowledge campaign reached over 4,200 fans, distributing 1,600 anti-fraud brochures and engaging attendees with interactive activities [3]. Group 2: Community Engagement - The event included a unique employee sports day where players engaged with children in fun activities, promoting sportsmanship and financial literacy [3]. - The bank plans to further develop the "Xingfu Long" brand IP, integrating financial education into community events and sports, thereby supporting the development of Chengdu as a sports city [4]. - Future initiatives will focus on anti-fraud education, green finance, and pension finance, aiming to enhance financial services in a manner that resonates with fans [4].

Core Viewpoint - The report by Kit Juckes from Société Générale suggests that the US dollar may be in the final stages of its decline, influenced by expectations of further interest rate cuts by the Federal Reserve and concerns over the risks posed by loose monetary and fiscal policies [1] Group 1: Factors Influencing Dollar Weakness - Expectations of further interest rate cuts by the Federal Reserve are contributing to the potential weakening of the dollar in the short term [1] - Concerns regarding the risks associated with loose monetary and fiscal policies are also supporting the dollar's decline [1] - Fears of a drop in overvalued stocks are adding to the pressure on the dollar [1] Group 2: Future Outlook - Despite the current weakness, stronger growth in the US compared to other regions may return by 2026, although this is expected to occur around mid-year [1] - This anticipated growth could limit the Federal Reserve's ability to cut rates further and the duration of low interest rates [1]

Core Viewpoint - The establishment of a financial service area by Industrial Bank's Harbin branch aims to enhance financial support for enterprises in the Harbin New Area, thereby injecting financial momentum into regional industrial development [1][2]. Group 1: Financial Service Initiatives - Industrial Bank's Harbin branch has set up a financial service area at the Harbin New Area Industrial Park Operations Company to provide ongoing services tailored to the needs of local enterprises [1]. - The Harbin New Area Industrial Park Operations Company manages over 3 million square meters, including various specialized parks such as the Technology Innovation City and the International Bio Valley, playing a crucial role in regional economic upgrades [1]. - The initiative is part of Industrial Bank's broader strategy to deepen the "government-bank-park-enterprise" collaborative mechanism [1]. Group 2: Customized Financial Solutions - The financial service model includes a "stationed + visiting" approach to respond in real-time to enterprise demands, offering customized financial solutions [2]. - Utilizing digital platforms like "Xing Su Dai," the bank provides precise credit support to enterprises in high-tech, biomedicine, and intelligent manufacturing sectors, aligning funding with R&D and operational needs [2]. - A "one-stop" service is introduced to streamline processes such as account opening, material acceptance, and business handling, enhancing service efficiency [2]. Group 3: Educational and Support Activities - The bank collaborates with product departments to conduct specialized presentations, interpreting business and inclusive credit policies while addressing queries on-site [2]. - Regular financial literacy activities are organized to educate the public, focusing on fraud prevention and safeguarding personal finances [2].

（原标题：践行中国特色金融文化建设 "三位一体"赋能理财业务高质量发展） 作为扎根福建、脱胎于兴业银行的银行理财公司，兴银理财积极贯彻中国特色金融文化实践要求，融合 福建文化底蕴与兴业银行集团文化基因，结合理财业务工作转化为具体实践。 兴银理财以中国特色金融文化建设为引领，构建"思想根基、企业文化、经营理念"三位一体的文化建设 体系，推动文化建设与业务发展同频共振，在服务地方经济、防控金融风险、满足群众理财需求中彰显 金融文化价值。 厚植思想底蕴，筑牢金融为民初心 思想是行动的先导。兴银理财始终将"金融服务实体经济""普惠金融为民"的核心思想融入发展血脉，筑 牢中国特色金融文化的思想根基。兴银理财深刻把握这一思想精髓，组织党员干部赴宁德等地开展专题 研学，走进"四下基层"主题馆、难忘下党主题馆等，通过沉浸式学习，直观体悟"金融为民"的价值坐标 和实践内涵。举办专题讲座，邀请专家学者专题授课，推动"金融为民、服务实体"理念转化为全员行动 自觉。 兴银理财赴"难忘下党主题馆"开展实地研学 兴银理财将理论学习成果转化为系列业务举措，推出海峡系列理财产品，紧扣区域发展规划，资金投向 优先聚焦福建省内重点工程、重点项目 ...

Group 1 - The core viewpoint of the news is that Industrial Bank's Jinan Branch is actively focusing on the core needs of the private economy by providing a specialized loan of 10 million yuan to a key private textile enterprise for high-end cotton yarn raw material procurement, thereby injecting strong financial momentum into the company's product structure optimization [1][2] - The bank has identified local pillar industry private enterprises as key service targets and has established a specialized service team to address the financial needs of the textile enterprise, which is a backbone in the local textile industry with modern spinning production lines and a strong market presence [1] - The rapid approval and disbursement of the 10 million yuan loan is a specific action reflecting the Jinan Branch's commitment to social responsibility and support for the high-quality development of the private economy [2] Group 2 - The bank aims to deepen the collaboration between government and financial institutions, focusing on regional characteristic industries such as textiles, and continuously optimizing its financial product system and service model to support the upgrade of regional industries and enhance the quality of the private economy [2]

Core Insights - The "Jining Characteristic Industry Financial Empowerment Action" was officially launched on June 27, focusing on enhancing the green building materials industry through innovative financial services [1] - The initiative aims to address funding challenges faced by upstream green building material companies, which are critical for urban construction and public welfare projects [2] Financial Empowerment Action - The action is organized by the Jining Municipal Social Work Department and the Jining Financial Supervision Bureau, with support from the Jining Banking Association [1] - The initiative emphasizes collaboration between banks and enterprises to create a mutually beneficial development path for the industry [1] Funding Challenges - The green building materials industry in Zoucheng City is under significant financial pressure due to prolonged payment cycles for municipal projects, which affects the stability of supply chains [2] - Major urban renewal projects, including the renovation of 64.4 kilometers of combined sewer systems, have a total investment of several billion yuan, highlighting the reliance on timely funding for construction materials [2] Innovative Financial Products - The bank has developed a comprehensive supply chain financial product system to meet the diverse needs of different enterprises [3] - The "e-bill loan" product allows companies to apply for loans up to 10 million yuan without financial statements, streamlining the financing process [3] - The "commercial bill discount" service leverages the credit of core enterprises to help suppliers quickly convert receivables into cash [3] - The "domestic letter of credit" product provides credit support for state-owned enterprises while managing risks through future collateral [3] Reverse Factoring Innovation - The "domestic reverse factoring" service simplifies the financing process for suppliers, allowing for immediate access to funds upon confirmation from the general contractor [4] Performance Metrics - From 2024 to 2025, the bank facilitated 230 million yuan in supply chain financing for over 40 enterprises in the green building materials sector [5] - Specific allocations include 50 million yuan for urban drainage projects and 80 million yuan for affordable housing projects, addressing urgent funding needs [5] Risk Management and Efficiency - The reverse factoring model shifts focus to the creditworthiness of core enterprises, mitigating traditional risks associated with receivables [6] - The online financing platform enables suppliers to complete all operations digitally, significantly reducing the time from application to funding to as little as 3 hours [6] Commitment to Industry Development - The bank's financial support has been crucial for the development of various green building materials, contributing to urban infrastructure projects and improving living conditions [7] - The innovative financial services have reduced financing costs by over 20% compared to traditional loans, promoting inclusive finance [7] - The bank aims to replicate its successful model in other sectors, contributing to the high-quality economic development of Jining City [7]

此外，为切实降低企业融资负担，该行不仅提供了具有市场竞争力的贷款利率，还主动承担了多项相关 费用，并推广"随借随还"、"无还本续贷"等业务模式，全力帮助企业降低综合融资成本，缓解资金周转 压力。 未来，该行将继续聚焦科技金融、绿色金融、普惠金融、养老金融、数字金融"五篇大文章"，以更开放 的姿态和更高效的金融服务，为区域内小微企业注入源源不断的金融活水，共同助力济宁市实体经济高 质量发展。 近日，兴业银行济南分行成功为某建设工程有限公司发放了一笔700万元的贷款，以高效、便捷的金融 服务，有效解决了该企业在承接新工程项目时面临的原材料采购资金短缺问题，为其发展注入了坚实的 金融动力。 该建设工程有限公司是济宁市一家经营多年、信誉良好的小微建筑企业。随着市场机会的增加，企业计 划扩大业务规模，但周转资金的压力也随之而来。了解到企业的实际困境后，兴业银行济南分行主动对 接，根据企业的经营特点和资金需求，快速定制了融资方案，并及时完成了贷款审批与发放流程。 这笔贷款是兴业银行济南分行深耕普惠金融、服务实体经济的一个缩影。该行始终将服务小微企业作为 全行战略规划的重要部分，通过单列信贷额度确保资源精准投向小微企业。针 ...

Investment Rating - The report assigns an "Overweight" rating for the banking sector [7]. Core Insights - The report emphasizes the significant improvement in the cost of liabilities for banks in 2025, with a notable decrease of 28 basis points (bp) in the first half of the year, compared to only 4 bp in the same period last year. This improvement is primarily driven by reductions in deposit and interbank liabilities costs, contributing 19 bp and 7 bp respectively [3][11]. - The net interest margin (NIM) is expected to decline by approximately 5 bp in 2026, with the downward pressure on margins continuing to ease marginally, suggesting that some banks may stabilize their NIMs [2][10]. Summary by Sections 1. Liability Cost Improvement in 2025 - The first half of 2025 saw a significant reduction in the cost of interest-bearing liabilities, with the cost rate dropping to 1.70%, a decrease of 28 bp from 2024. This was supported by improvements in both deposit and interbank liability costs [11]. 2. Liability Side: Deposit Maturity and Repricing Benefits 1) **Term Structure**: The proportion of long-term deposits entering the repricing cycle has increased, with the share of deposits with a remaining maturity of 1-5 years declining by 1.5 percentage points (pct) to 22.6% by the end of Q2 2025. Some banks, such as those in Ningbo and Chongqing, experienced declines exceeding 10 pct [4]. 2) **Price Factors**: Regulatory focus on maintaining reasonable NIM levels has increased, with expectations of further interest rate cuts. The maximum reduction for three-year deposits could exceed 100 bp, indicating substantial room for cost improvement [5]. 3. Asset Side: Yield Pressure Expected to be Better than 2025 1) **Loans**: The repricing pressure on loans is expected to ease, with the five-year Loan Prime Rate (LPR) declining by only 10 bp in 2025, significantly less than the 50 bp drop the previous year [6]. 2) **Debt Replacement**: The shift from high-interest to low-interest debt is anticipated to have a limited impact on net interest margins, estimated to drag down margins by about 4 bp [6]. 3) **Bond Maturity**: The widening gap between new bond issuance rates and existing bond yields is expected to exert downward pressure on investment yields, with an estimated drag of 6 bp on margins from the reallocation of bonds maturing within one year [6]. 4. NIM Projections - The report forecasts a 5 bp decline in NIM for 2026, with the downward trend continuing to converge. The asset yield is expected to decrease by 17 bp, while the cost of liabilities is projected to improve by 13 bp, with deposit costs improving by 17 bp [7][10].

Core Viewpoint - The event "Smart Life, Future Ahead" organized by Industrial Bank Chengdu Branch aims to enhance financial safety awareness while promoting the integration of finance with cultural tourism, contributing to the high-quality development of Sichuan's tourism economy [1][3]. Group 1: Event Overview - The event featured three main areas: "Exploring Tianfu with Xingfu Dragon," "Anti-Fraud Education," and "Financial Insights," focusing on the combination of cultural tourism and public welfare [1]. - Over 200 participants, including media representatives and community residents, engaged in activities designed to foster new consumption scenarios and ecosystems [1][3]. Group 2: Financial Products and Services - The Chengdu Branch launched a promotional video showcasing a tourism guide that highlights three consumption scenarios: food, entertainment, and rights, integrating financial services into diverse consumption experiences [4]. - The bank introduced specialized personal loans for the hospitality and restaurant sectors, offering credit limits up to 70 million yuan to support local businesses in seizing tourism opportunities [4]. Group 3: Financial Safety Awareness - A police officer delivered a presentation on financial safety, using real-life cases to illustrate various types of telecom fraud, enhancing attendees' understanding of current fraud tactics [5]. - The event included a video warning about fraud, aiming to equip participants with knowledge to recognize and prevent scams [5]. Group 4: Community Engagement and Promotions - The community event featured interactive activities, allowing participants to collect stamps for rewards, promoting local dining and shopping through various discounts and offers [7]. - The Chengdu Branch emphasized its commitment to creating a convenient financial service network, aiming to enhance community engagement and support the tourism consumption season [7]. Group 5: Financial Support for Tourism - The Chengdu Branch has positioned cultural tourism as a key focus for high-quality development, optimizing financial supply and innovating products to better serve the tourism sector [7]. - The bank has provided over 15 billion yuan in financing to the tourism industry, underscoring its role in supporting economic growth through cultural tourism [7].