为提高社会公众的金融素养和风险防范意识，引导消费者理性选择和使用金融产品，近年来，兴业银行 青岛分行聚焦"金融为民"，始终高度重视消保工作，认真落实监管各项要求，逐步构建起行之有效 的"大消保"联动机制，为岛城金融消费者筑起了一道坚实的安全屏障。 普及金融知识 兴业在行动 兴业银行青岛分行始终践行"以客户为中心"的服务理念，深耕岛城市场，持续深化消费者权益保护工 作，重点关注"老年人、青少年、新市民、农村居民"等群体的金融需求，通过多样化的宣教活动，帮助 消费者增强风险防范意识，提升金融素养与自我保护能力。 近日，由青岛市银行业协会主办的2025年青岛市银行业"普及金融知识万里行"活动在青岛奥帆中心成功 举办。兴业银行青岛分行积极参与，与同业机构携手普及金融知识，维护金融安全，为营造健康有序的 金融环境注入兴业力量。 转自：新华财经 胶州支行连续7年与当地敬老院建立常态化服务机制。员工定期开展包粽子、插花等暖心活动，同步融 入金融知识普及，用通俗语言向老年人传授防诈技能。分行负责人表示，金融宣教要注重形式创新，通 过常态化、生活化的互动，真正将知识送达特殊群体心间。 展望未来，兴业银行青岛分行将继续深入践行消 ...

Core Viewpoint - The initiative aims to enhance financial literacy among the elderly, addressing their vulnerabilities to financial risks and frauds, while promoting a secure financial environment for this demographic [1][5]. Group 1: Financial Education Initiative - The "2025 Financial Knowledge Popularization Journey" has been launched by the Bank of Xinyue in collaboration with an elderly university, focusing on safeguarding customer rights and ensuring a secure lifestyle for elderly clients [1]. - The initiative is part of a broader effort to fulfill the requirements of financial knowledge dissemination and to protect the financial consumption rights of the elderly [1]. Group 2: Addressing Financial Risks - The elderly face various financial risks such as telecom fraud, false pension projects, and illegal fundraising, exacerbated by their limited financial knowledge and information access [5]. - The Bank of Xinyue is taking social responsibility by prioritizing the elderly as a key service group and actively engaging in financial knowledge dissemination [5]. Group 3: Educational Methods and Engagement - A professional financial knowledge presentation team has been established to conduct specialized lectures on common financial risk scenarios faced by elderly clients [6]. - The presentations include case studies, policy interpretations, and practical advice on identifying fraudulent investment products and protecting personal financial information [6]. - An interactive Q&A session is included to address specific financial queries from elderly participants, ensuring comprehensive understanding [6]. Group 4: Long-term Strategy and Outreach - The initiative is just the beginning, with plans for a sustained "online + offline" promotional model to continue financial education efforts [7]. - Offline activities will include financial knowledge outreach in communities and rural areas, while online efforts will leverage social media platforms to disseminate financial safety knowledge [7]. - The bank aims to institutionalize financial knowledge dissemination for the elderly, continuously innovating educational formats and enriching activity content to strengthen financial security for this demographic [7].

Group 1 - The core viewpoint of the articles emphasizes the commitment of Industrial Bank to enhance financial literacy and consumer protection, particularly targeting vulnerable groups such as the elderly [1][3][5] - The "Financial Knowledge Thousand-Mile Journey" initiative is being actively organized by various branches of Industrial Bank, focusing on educating consumers about financial risks like investment fraud and telecom scams through interactive sessions and practical case studies [3][6][7] - The initiative includes a series of activities such as lectures, community outreach, and partnerships with local educational institutions to ensure that financial knowledge is accessible and applicable to everyday life [3][5][6] Group 2 - Specific activities include setting up temporary rest areas near exam sites to educate parents about financial principles and fraud prevention, fostering a supportive environment for students and their families [3][6] - The bank is also engaging with local communities by conducting workshops that utilize multimedia presentations and interactive Q&A sessions to reinforce understanding of financial safety among elderly residents [5][6] - The overall goal is to create a sustainable financial education model that integrates consumer education into daily banking services, thereby contributing to a safer and more inclusive financial ecosystem [1][7]

Group 1 - The core viewpoint indicates that the liquidity and scale of the CSI 300 ETF have shown significant growth, with a notable increase in trading volume and net financing [2] - As of June 11, the average daily trading volume of the CSI 300 ETF over the past year was 1.25 billion yuan, ranking it among the top three comparable funds [2] - The CSI 300 ETF has seen a scale increase of 8.616 billion yuan in the past six months, also placing it in the top three for comparable funds [2] Group 2 - The top ten weighted stocks in the CSI 300 index as of May 30, 2025, include Kweichow Moutai, CATL, Ping An Insurance, China Merchants Bank, Midea Group, Yangtze Power, Industrial Bank, BYD, Zijin Mining, and East Money, collectively accounting for 23.22% of the index [2] - The latest financing balance for the CSI 300 ETF reached 1.129 billion yuan, with a net financing purchase of 45.609 million yuan on the previous trading day [2] - Nomura Orient International Securities anticipates that the second half of 2025 will be a critical period for market direction, with expectations aligning with reality as high-frequency data is validated monthly [4] Group 3 - The report suggests that Chinese equity assets are expected to outperform overseas markets in the second half of the year due to strong policy expectations and improved liquidity conditions in the Asia-Pacific emerging markets [4] - Investors without stock accounts can access core A-share assets through the CSI 300 ETF linked fund (160724) for low-cost entry [5]

Investment Rating - The report maintains an "Outperform" rating for the banking sector [1]. Core Insights - The report highlights the trend of high dividend investments in the banking sector, driven by low interest rates and a strong demand for asset allocation from insurance funds [5][26]. - It emphasizes the stability of dividends and the attractiveness of the banking sector for long-term capital inflows, particularly from insurance companies [26][27]. Summary by Sections 1. Review of Insurance Capital Investment in Banking Stocks - Historical trends show three waves of insurance capital investment in banking stocks in 2015, 2020, and 2024, driven by low interest rates, high premium growth, accounting changes, and regulatory guidance [8][12]. - Since 2020, insurance capital has shown a more moderate approach to equity stakes in banks, focusing on stabilizing earnings and securing dividends [5][8]. 2. Future Outlook - The banking sector's high dividend yield is appealing, with a static dividend yield ranking third among all industries as of 2024 [26][28]. - The collaboration between banking and insurance channels is significant, with insurance premium income from bank channels reaching 36.7% in 2023, enhancing the sales of insurance products [26][31]. 3. Stock Selection Strategy - Key factors for stock selection include dividend yield, transaction costs, and fundamental performance, with a focus on stable dividend rates and robust financial metrics [5][27]. - The report suggests that state-owned banks and certain regional banks are likely to be prioritized by insurance capital due to their stable dividend profiles [5][26]. 4. Investment Recommendations - The report recommends a "pro-cyclical and high dividend" investment strategy, highlighting the potential for insurance capital to become a new source of incremental investment in the banking sector [5][26]. - Specific banks are identified for investment based on their strong fundamentals and expected recovery in performance, particularly in the context of policy support [5][26].

Core Viewpoint - The central financial work conference emphasizes the development of five key areas in finance: technology finance, green finance, inclusive finance, pension finance, and digital finance, with a focus on enhancing support for key sectors such as technological innovation and green transformation [1][2] Group 1: Pension Finance Development - By the end of 2024, Postal Savings Bank and Industrial and Commercial Bank of China (ICBC) each served over 200 million elderly clients [3][4] - The personal pension system has been fully implemented, leading to a rapid increase in personal pension account openings at several listed banks, with ICBC, Bank of Communications, and CITIC Bank seeing their account numbers double [1][7] - As of the end of 2024, China Bank and China Merchants Bank each had over 10 million personal pension accounts [1][7] Group 2: Growth in Personal Pension Accounts - A total of 12 listed banks reported significant growth in personal pension accounts, with China Bank and China Merchants Bank each exceeding 10 million accounts [7][8] - CITIC Bank reported a 136.04% increase in personal pension accounts compared to the previous year, while Industrial Bank saw a 47.67% increase [10][8] - The personal pension account numbers for Beijing Bank and Shanghai Bank surpassed 170,000 and 159,530 respectively by the end of 2024 [7][8] Group 3: Diversification of Pension Financial Products - The National Financial Regulatory Administration has issued guidelines to enhance the quality of pension finance, encouraging banks to diversify their product offerings and improve service adaptability [11][12] - China Bank has launched 262 personal pension products, covering various financial instruments, positioning itself as a leader in product variety [11] - Agricultural Bank of China is focused on enhancing the coverage and quality of its pension financial services, while CITIC Bank has developed a comprehensive pension financial product and service system [12]

Investment Rating - The report maintains a "Positive" outlook for the banking industry in China as of June 11, 2025 [4] Core Insights - The banking sector is experiencing a transition from a surplus of deposits to a structural shortage, with significant differentiation between state-owned banks and smaller banks [8][27] - Recent adjustments in deposit rates are expected to stabilize the deposit base of large banks, despite ongoing deposit disintermediation [36][45] - The report highlights three main investment themes: convertible bonds with rebound potential, high-dividend stocks, and banks with long-term liabilities and capital advantages [40] Summary by Sections 1. Review of Deposit Growth: From Surplus to Shortage - Since 2009, deposit growth has lagged behind loan growth, indicating a shift in liquidity conditions from surplus to structural shortage [12][14] - The transition is attributed to changes in monetary policy and the rise of wealth management products, which have contributed to deposit disintermediation [19][22] 2. New Characteristics of Deposit Growth in 2025: From Industry-wide to Structural Shortage - The overall deposit gap in the banking sector has shown signs of improvement, but state-owned banks continue to face significant deposit shortages [27][28] - In Q1 2025, the deposit growth rate for large banks was only 71%, down from an average of 80% since 2019, indicating a potential arbitrage chain where entities take low-interest loans from large banks and deposit them in smaller banks for higher interest [32][34] 3. New Round of Deposit Rate Adjustments and Stability of Large Banks' Liabilities - The report expresses cautious optimism regarding the current round of deposit disintermediation, noting that past adjustments have had diminishing impacts over time [36][38] - Large banks are expected to maintain deposit stability due to regulatory constraints and the rapid adjustment of deposit rates by smaller banks [45] 4. Investment Recommendations - The report identifies three key investment lines: 1. Convertible bonds with rebound potential, specifically targeting Hangzhou Bank and Nanjing Bank [40] 2. High-dividend stocks, with a focus on CITIC Bank, Industrial Bank, and Jiangsu Bank [40] 3. Banks with long-term liabilities and capital advantages, such as Chongqing Rural Commercial Bank [40]

你我同行，共筑满意消费。唯有公平有序的消费环境，才能让广大市民能消费、敢消费、愿消费。 【开栏语】匠心守护 共筑满意消费 在东莞，始终有这么一群守护者，他们匠心为民，一心为公，多年耕耘在消费权益工作一线，以身作则为东莞消费环境不断优化贡献力量。 守护消费权益，让美好的消费故事照进现实。为进一步推广先进、树立榜样，发现更多对消费环境改善作出积极奉献的个人和事例，即日起，羊城晚报联合 东莞市消费者委员会推出《消费权益守护者》栏目，通过一个个鲜活的实例故事，讲好消费权益守护者的故事，更好地营造放心消费氛围。（余宝珠） 一直以来，东莞消费热度不减，是一座名副其实的消费热城。今年以来，东莞更火力全开，创新多元化消费场景，营造良好氛围进一步提振消费。释放消费 活动的同时，营造让人放心、满意的消费环境，才能持续保持消费热度，让消费氛围愈演愈烈。 坚守金融为民初心，深耕银行事业七载——兴业银行东莞分行消费者权益保护专员欧丽雯用专业与热忱守护百姓"钱袋子"。从基层柜员到消保管理岗，历经 多岗位淬炼的她，将平凡岗位化作保护消费者权益的前沿阵地，以持续不减的工作热情诠释新时代金融工作者的责任担当。 以学为基，提升综合业务素质 立身 ...

Core Viewpoint - Tianjin Development (00882) announced that its indirect non-wholly owned subsidiary, Lifescience Pharmaceutical (002393), has entered into several wealth management agreements with Industrial Bank, totaling a principal amount of RMB 185 million (approximately HKD 201 million) for investment products [1] Group 1 - On March 31, 2025, Lifescience Pharmaceutical entered into its first wealth management agreement with Industrial Bank, with a principal amount of RMB 20 million (approximately HKD 21.74 million) for structured deposits [2] - On May 7, 2025, Lifescience Pharmaceutical signed its second wealth management agreement with Industrial Bank and Xinyin Wealth Management, with a principal amount of RMB 10 million (approximately HKD 10.87 million) for fixed income investment products [2] - On May 7, 2025, Lifescience Pharmaceutical entered into its third wealth management agreement with Industrial Bank for structured deposits, with a principal amount of RMB 10 million (approximately HKD 10.87 million) [2] - On May 7, 2025, Lifescience Pharmaceutical signed its fourth wealth management agreement with Industrial Bank for structured deposits, with a principal amount of RMB 10 million (approximately HKD 10.87 million) [2] - On May 29, 2025, Lifescience Pharmaceutical entered into its fifth wealth management agreement with Industrial Bank for structured deposits, with a principal amount of RMB 35 million (approximately HKD 38.04 million) [2] - On June 11, 2025, Lifescience Pharmaceutical signed its sixth wealth management agreement with Industrial Bank for structured deposits, with a principal amount of RMB 50 million (approximately HKD 54.35 million) [2] - On June 11, 2025, Lifescience Pharmaceutical entered into its seventh wealth management agreement with Industrial Bank and Xinyin Wealth Management for fixed income investment products, with a principal amount of RMB 10 million (approximately HKD 10.87 million) [2] - On June 11, 2025, Lifescience Pharmaceutical signed its eighth wealth management agreement with Industrial Bank and Xinyin Wealth Management for fixed income investment products, with a principal amount of RMB 40 million (approximately HKD 43.48 million) [2]

公告编号：临 2025-030 A 股代码：601166 A 股简称：兴业银行 优先股代码：360005、360012、360032 优先股简称：兴业优 1、兴业优 2、兴业优 3 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（以下简称本公司）现任证券事务代表叶文欣女士因 工作分工调整，不再担任证券事务代表职务。本公司对叶文欣女士在担任证券事 务代表期间的工作及贡献表示感谢。 经研究，本公司决定聘任李大鹏先生为证券事务代表。李大鹏，男，1978 年出生，硕士研究生学历，现任本公司董监事会办公室副总经理，已参加上海证 券交易所董事会秘书资格培训并取得《董事会秘书资格证明》。 特此公告。 兴业银行股份有限公司董事会 2025年6月11日 兴业银行股份有限公司 关于变更证券事务代表的公告 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。 ...