出品｜中访网 此次落地的系统直联供应链商票贴现业务，以SaaS技术架构实现银行核心系统与川投供应链平台无缝对 接，打通银企数据壁垒，构建起全流程线上化、高效协同的数字金融服务体系。相较于传统模式，链属 企业无需往返银行网点提交材料、线下办理，仅需在川投供应链平台发起票据融资申请，在线完成合同 签署，银行系统自动完成信息校验、风控审核与资金投放，最快实现"T+0"当日放款。全流程线上化操 作大幅压缩业务办理时长，显著提升结算与融资效率，真正实现数据"多跑路"、企业"少跑腿"，为产业 链上下游企业提供一站式、全品类、便捷化的综合票据服务体验。 效率提升的同时，兴业银行成都分行始终坚守安全底线，将数字化风控嵌入业务全流程。通过系统直联 实现票据信息自动核验、贸易背景交叉验证、资金流向实时管控，以技术手段筑牢风险防线，保障融资 合规与资金安全。此外，该系统深度对接企业司库管理需求，为集团型企业提供全流程票据可视化管 理、资金统筹运营、风险智能预警等功能支撑，助力企业提升资金使用效率、强化财务管控能力，实现 金融服务与企业数字化管理深度融合。 供应链票据是优化产业链支付结算、缓解中小微企业融资压力的重要工具。系统直联模 ...

Core Viewpoint - The successful launch of "Zhaoyin Jinkui" and "Puyin Shuzhi" satellites by China Merchants Bank and Pudong Development Bank marks a significant step in the integration of banking and commercial aerospace, highlighting the banks' strategic move to leverage satellite technology for enhancing digital financial infrastructure and supporting the commercial aerospace industry [2][10]. Group 1: Satellite Launch and Collaboration - The "Zhaoyin Jinkui" and "Puyin Shuzhi" satellites are part of the "Tianqi Constellation" low-orbit narrowband satellite IoT network, showcasing banks' involvement in satellite launches [2][3]. - This is not the first instance of banks collaborating with commercial satellite companies; previous launches include "Zhaoyin 1" and "Zhaoyin 2" by China Merchants Bank and "Ping An 1" and "Ping An 2" by Ping An Bank [3][4]. - Banks are adopting various paths to utilize satellite technology, including direct satellite launches and purchasing processed data from satellite companies for financial applications [3][4]. Group 2: Applications and Benefits of Satellite Technology - The integration of low-orbit satellites enhances banks' capabilities in financial asset management, risk control, and emergency communication, extending their digital infrastructure into space [3][6]. - Banks are increasingly moving from merely purchasing satellite data to actively participating in satellite launches, driven by the need for improved risk management and business continuity [6][7]. - The use of satellite technology allows banks to overcome geographical and environmental limitations, thus expanding their business reach, especially in remote areas [7][10]. Group 3: Cost and Market Dynamics - The cost of launching commercial satellites is expected to decrease due to technological advancements and economies of scale, making customized commercial applications more feasible [8][9]. - Current costs for launching a commercial satellite range from tens of millions to over a billion yuan, with significant potential for reduction as the industry matures [8][9]. - By 2030, the cost of satellite launches could drop to below 10,000 yuan per kilogram, further encouraging financial institutions to invest in satellite technology [9]. Group 4: Financial and Industrial Synergy - The collaboration between banks and satellite companies represents a deeper financial and industrial synergy, enabling banks to expand their service offerings and support the development of the commercial aerospace ecosystem [10][14]. - Banks are innovating financial products and services, such as satellite leasing and industry-specific funds, to meet the unique needs of the aerospace sector [14][15]. - The integration of satellite data into financial services is expected to enhance credit assessments and risk management, aligning financial services more closely with the real economy [10][15].

近期多家银行密集调整代理上金所个人贵金属交易业务。工商银行2025年12月发布公告，对无持仓、无库存、无欠款且保证金账户仍有资金余额的客户，自 2025年12月19日起批量划转保证金账户余额至绑定结算账户，并关闭相关业务功能；建设银行同期提示符合上述条件的客户尽快转出业务保证金余额并解 约；中信银行自2025年11月7日起，开展代理上金所个人交易长期不动户清理工作；宁波银行2025年9月发布公告，自当年10月13日起停止受理代理个人客户 上金所现货实盘买入交易，卖出交易不受影响。 市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 兴业银行在公告中表示，当前贵金属市场剧烈波动，市场风险较高，再次提醒尚未完成解约的个人客户尽快办理延期合约平仓、库存卖出、出金以及解约操 作。该行后续将根据市场状况及业务发展需求，持续调整客户交易渠道。 事实上，这并非兴业银行首次调整该业务。2022年7月15日收市后，兴业银行已关闭代理上金所个人贵金属买卖业务的延期合约开仓、现货合约买入功能， 并对无持仓、无库存、无欠款的代理贵金属交易账户实施统一结算并解除委托代理关系。2025年10月，兴业银行 ...

Summary of Conference Call on Banking Sector Outlook Industry Overview - The conference focused on the banking sector, specifically discussing the performance and outlook of 11 listed banks in China for the year 2025 and beyond [1][6]. Key Points and Arguments 1. Overall Performance of Banks - The performance of the 11 banks exceeded expectations, indicating a robust resilience in the banking sector [1][6]. - The net interest margin (NIM) showed signs of stabilization, with a narrowing year-on-year decline contributing significantly to interest income and revenue growth [1][2]. 2. Sensitivity of Interest Income - Interest income is highly sensitive to changes in NIM; a decrease of 10 basis points (BP) in NIM could reduce net interest income growth by 7 percentage points, while a 5 BP decrease would result in a 3.5 percentage point reduction [2]. 3. Fee Income Recovery - There has been a recovery in fee income due to improved capital market conditions and asset allocation by residents, leading to a continuous improvement in bank fees [2][4]. 4. Potential for Old Bond Gains - The banks hold significant unrealized gains on old bonds, which presents a substantial opportunity for realization [3]. 5. Positive Outlook for 2026 - The overall judgment is that the situation in 2026 will be better than in 2025, driven by stable basis points, improving fees, and gains from old bonds [3]. 6. Investment Perspective - The investment strategy focuses on absolute returns, targeting a return on equity (ROE) of around 13% and a price-to-book (PB) ratio of 0.67 times, indicating a reasonable pricing range [3][4]. - The recommendation is to select stocks based on high growth and high dividend yield, particularly in regions like Jiangsu, Nanjing, and Qilu [4][5]. 7. Performance of Specific Banks - Notable banks such as China Merchants Bank and Industrial Bank showed positive revenue growth, with some banks transitioning from negative to positive growth [6][7]. - City commercial banks like Nanjing Bank and Qingdao Bank reported double-digit revenue growth, indicating strong performance [7][10]. 8. Asset Quality and Non-Performing Loans (NPLs) - The asset quality remains stable, with many banks reporting a decrease in NPL ratios. For instance, Qingdao Bank's NPL ratio dropped significantly [10][11]. - The overall trend suggests a gradual improvement in asset quality, with expectations for continued stability in 2026 [11][12]. 9. Credit Growth and Demand - Credit growth is expected to remain strong, particularly in major provinces like Sichuan and Jiangsu, which reported credit growth rates above 8% [12][13]. - The demand for corporate loans remains robust, while retail loan demand is weaker [12]. 10. Future Risks and Projections - There are concerns regarding the potential exposure of retail loans, particularly in mortgage and consumer credit segments, but the overall increase in NPLs is expected to be limited [16][17]. - Projections for 2025 indicate a slight increase in NPL ratios for retail loans, but overall asset quality is expected to remain stable [17][18]. 11. Revenue Growth Expectations - The banking sector is projected to achieve a revenue growth rate of approximately 1.2% year-on-year, with city commercial banks leading in net profit growth [19][20]. 12. Stock Selection Strategy - The stock selection strategy emphasizes high ROE and high dividend yield, with recommendations for both Hong Kong and A-share listed banks [20][21]. Additional Important Insights - The conference highlighted the importance of wealth management in driving fee income, with expectations for continued positive contributions to revenue [19]. - The overall sentiment is optimistic regarding the banking sector's ability to navigate challenges and capitalize on growth opportunities in the coming years [22].

2月9日，又有银行调整代理个人贵金属买卖业务。 再次对个人贵金属业务调整 近日，兴业银行官网发布公告称，根据业务发展需要，该行将在2026年2月14日以后关闭代理上海黄金交易所（以下简称上金所）个人 贵金属买卖业务个人网银交易渠道，柜面、手机银行等交易渠道正常开放。这也是近期又一家银行对个人贵金属买卖业务进行调整。 对于此次调整的原因，兴业银行在公告中表示，当前，贵金属市场剧烈波动，市场风险较大，再次提醒尚未完成解约的个人客户尽快办 理延期合约平仓/库存卖出、出金和解约操作。该行将继续根据市场状况和业务发展需要调整客户交易渠道。 近期，多家银行密集加大对代理上金所个人贵金属交易业务的调整。例如，邮储银行公告表示，自2026年1月12日起，该行代理上金所 个人贵金属业务将全面停办。 在业内看来，兴业银行此举不仅能够降低客户通过高杠杆、高频次的线上渠道参与高风险交易的可能性，同时通过关闭低效账户和网银 通道，能够降低后台运维、客服与合规成本。 值得一提的是，早在2022年，兴业银行就已对个人贵金属业务进行一轮调整。彼时兴业银行公告表示，自2022年7月15日起，该行将关 闭延期合约开仓与现货合约买入功能，并对"三 ...

【导读】兴业银行将关闭代理上金所个人贵金属买卖业务个人网银交易渠道 2月9日，又有银行调整代理个人贵金属买卖业务。 再次对个人贵金属业务调整 近日，兴业银行（601166）官网发布公告称，根据业务发展需要，该行将在2026年2月14日以后关闭代理上海黄金交易所（以下简称上 金所）个人贵金属买卖业务个人网银交易渠道，柜面、手机银行等交易渠道正常开放。这也是近期又一家银行对个人贵金属买卖业务进 行调整。 对于此次调整的原因，兴业银行在公告中表示，当前，贵金属市场剧烈波动，市场风险较大，再次提醒尚未完成解约的个人客户尽快办 理延期合约平仓/库存卖出、出金和解约操作。该行将继续根据市场状况和业务发展需要调整客户交易渠道。 在业内看来，兴业银行此举不仅能够降低客户通过高杠杆、高频次的线上渠道参与高风险交易的可能性，同时通过关闭低效账户和网银 通道，能够降低后台运维、客服与合规成本。 值得一提的是，早在2022年，兴业银行就已对个人贵金属业务进行一轮调整。彼时兴业银行公告表示，自2022年7月15日起，该行将关 闭延期合约开仓与现货合约买入功能，并对"三无"即"无持仓、无库存、无欠款"的代理贵金属账户实施统一结算并解除代 ...

Core Viewpoint - Xiamen Branch of Industrial Bank has successfully implemented the first green shipping EEDI-linked loan in the province, amounting to 100 million yuan, promoting green shipping practices in line with sustainable blue economy financial principles [1] Group 1: Loan Details - The loan amount is 100 million yuan, linked to the ship's Energy Efficiency Design Index (EEDI) [1] - If the ship meets the International Maritime Organization's Phase III EEDI standards and receives certification from China Classification Society, it can enjoy a preferential interest rate [1] - This innovative approach encourages enterprises to focus on the greening of shipping, contributing positively to the green transformation of China's shipping industry [1] Group 2: Previous Initiatives - In 2021, the Xiamen Branch established the first "Blue Carbon Fund" in the country and launched the first "carbon-neutral tickets" in collaboration with Xiamen Airlines [1] - In 2022, the branch participated in the completion of the first marine fishery carbon sink transaction in the country [1] - In 2023, the first "Blue Carbon Carbon Neutral" outlet in Xiamen was inaugurated, and in 2024, the first cross-border green ship advance payment guarantee for shipbuilding enterprises will be implemented [1] Group 3: Future Plans - The Xiamen Branch will continue to promote the construction of a strong marine nation strategy and support the development of a national marine economy demonstration zone [2] - The bank aims to leverage its green finance advantages to inject blue momentum into the construction of "Maritime Fujian" [2]

Core Viewpoint - The recent adjustments by multiple banks regarding their personal precious metals trading services reflect a tightening of risk management and compliance measures in response to market volatility and regulatory pressures [2][6][7]. Group 1: Bank Announcements - Industrial Bank announced the closure of its online trading channel for personal precious metals transactions with the Shanghai Gold Exchange effective February 14, 2026, while other channels remain operational [1]. - Prior to this, Industrial Bank had already suspended certain trading functionalities related to personal precious metals on July 15, 2022, indicating a trend towards further tightening of related services [3]. - Other banks, including ICBC, CCB, and Postal Savings Bank, have also issued announcements to adjust or cease their personal precious metals trading services, with at least 11 banks making similar announcements since September 2022 [4][5]. Group 2: Market Context and Analysis - The adjustments by banks are largely attributed to the ongoing volatility in the precious metals market, which has seen significant price fluctuations, including a notable drop in gold prices [6][7]. - Analysts suggest that the tightening measures are driven by a combination of immediate market conditions and deeper regulatory requirements aimed at enhancing investor suitability management [6]. - The recent market turmoil, including a record single-day drop in gold prices, has prompted banks to reinforce their risk management strategies to protect investors [6][7].

Group 1 - The Royal Bank of Canada (RBC) has raised the target price for Société Générale from €67 to €74 [1]

"十五五"规划建议将光电信息产业纳入战略性新兴产业集群的重要组成部分。围绕服务现代化产业体系 建设，兴业银行将光电信息产业作为产业金融服务的重点领域，发挥"商行+投行"优势，提供综合化、 一站式金融服务。截至目前，兴业银行服务光电信息企业超6500家，覆盖光通信、光电显示、激光、光 电子材料、光学检测等产业细分领域。 2月6日晚21:25，由兴业银行联合出品的大型科创节目《创投新势力》第三期在东南卫视播出，收获了 观众的热烈反响。节目中，兴业银行为光学元器件国家级高新技术企业福州欧龙光学送上"兴火科技助 力包"，量身定制综合化金融服务方案，为企业科技创新插上腾飞"翅膀"。 追光而行，金融护航！兴业银行深耕产业，接连落子，支持福州光电信息产业技术攻关、聚势成群，加 快抢占光电产业新高地：在福州成立5家光电行业特色支行，构建"零距离"金融服务网络；创新推出"光 电贷""科技成果转化贷(闽都创新实验室专属)""高科技人才贷"等创新产品及解决方案；提供超120亿元 授信支持，累计服务产业链企业近180家，精准滴灌产业发展…… 从日常生活随处可见的激光笔，到芯片加工使用的精密设备，激光随处可见。工业激光是未来智能制造 ...