| 证券代码：601229 | 证券简称：上海银行 | 公告编号：临2025-036 | | --- | --- | --- | | 优先股代码：360029 | | 优先股简称：上银优1 | | 可转债代码：113042 | | 可转债简称：上银转债 | 监事会 2025 年第四次会议决议公告 2025 年 7 月 23 日 上海银行股份有限公司（以下简称"公司"）监事会及全体监事保证本公告 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。 1 公司监事会 2025 年第四次会议于 2025 年 7 月 22 日以现场方式召开，会议 通知已于 2025 年 7 月 11 日以电子邮件方式发出。本次会议应出席监事 4 人,实 际出席监事 4 人。本次会议的召开符合《中华人民共和国公司法》《上海银行股 份有限公司章程》《上海银行股份有限公司监事会议事规则》的规定。 本次会议由葛明监事主持，会议经审议并通过以下议案： 关于 2024 年度高级管理人员考核结果的议案 表决情况：同意 4 票，反对 0 票，弃权 0 票。 特此公告。 上海银行股份有限公司 上海银行股份 ...

上海银行股份有限公司（以下简称"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。 公司董事会 2025 年第七次会议于 2025 年 7 月 22 日以现场加视频接入方式 召开，会议通知已于 2025 年 7 月 11 日以电子邮件方式发出。本次会议应出席董 事 16 人，实际出席董事 16 人。本次会议的召开符合《中华人民共和国公司法》 《上海银行股份有限公司章程》《上海银行股份有限公司董事会议事规则》的规 定。 本次会议由施红敏副董事长主持，会议经审议并通过以下议案： 一、关于撤销监事会并修订《公司章程》及其附件的议案 其中，撤销监事会并修订《公司章程》，表决情况：同意 16 票，反对 0 票， 弃权 0 票；修订《股东大会议事规则》，表决情况：同意 16 票，反对 0 票，弃 权 0 票；修订《董事会议事规则》，表决情况：同意 16 票，反对 0 票，弃权 0 票。 会议同意将本议案提交股东大会审议，并在股东大会审议通过后报请中国银 行业监督管理机构核准《公司章程》及其附件。同时，提请股东大会授权董事会， 由董事会转授 ...

Core Viewpoint - Shanghai Bank has approved a credit limit of RMB 2.1 billion for Postal Consumer Finance Co., Ltd., which is valid for one year, primarily for interbank borrowing, interbank lending, and bond investment [1] Group 1 - The credit limit granted to Postal Consumer Finance Co., Ltd. is RMB 2.1 billion [1] - The approval was made during the seventh meeting of the board of directors in 2025 [1] - The credit facility is intended for various financial activities including interbank borrowing and bond investment [1] Group 2 - Related directors Gu Jinshan and Tao Hongjun abstained from voting on the related party transaction [1]

Core Viewpoint - The AI Fund Zhongyin New Opportunities Mixed A (002057) reported a profit of 10.82 thousand yuan for Q2 2025, with a weighted average profit per fund share of 0.0086 yuan, and a net asset value growth rate of 0.72% during the period [3][4]. Fund Performance - As of the end of Q2 2025, the fund's scale was 1,446.05 thousand yuan [15]. - The fund's unit net value as of July 21 was 1.201 yuan [3]. - The fund's performance over different time frames includes: - 3-month net value growth rate: 0.80%, ranking 130 out of 142 comparable funds [4]. - 6-month net value growth rate: 0.48%, ranking 130 out of 142 comparable funds [4]. - 1-year net value growth rate: 1.59%, ranking 139 out of 142 comparable funds [4]. - 3-year net value growth rate: 3.36%, ranking 96 out of 142 comparable funds [4]. Investment Strategy - The fund maintained a low equity position during Q2, focusing on sectors such as banking, public utilities, energy, and non-bank financials [4]. - The strategy included increasing exposure to the banking sector, particularly high-dividend and low-valuation banks, while slightly reducing holdings in the energy sector and lowering allocations in the operator and automotive sectors [4]. - Fixed income investments primarily included financial bonds and convertible bonds, with an increased duration to capitalize on bond market opportunities [4]. Risk Metrics - The fund's Sharpe ratio over the past three years was -0.3497, ranking 118 out of 142 comparable funds [9]. - The maximum drawdown over the past three years was 3.17%, with the largest single-quarter drawdown occurring in Q1 2020 at 4.64% [11]. Holdings - As of June 30, 2025, the fund's top ten holdings included: - Nanjing Bank - Industrial and Commercial Bank of China - Yangtze Power - Ping An Insurance - Shanghai Bank - China Construction Bank - Sinopec - Pudong Development Bank - China International Capital Corporation - Jiangsu Bank [19].

Core Viewpoint - The AI Fund Huatai-PineBridge Dividend Growth Mixed A (006259) reported a profit of 5.4346 million yuan for Q2 2025, with a net asset value growth rate of 0.82% and a fund size of 735 million yuan as of the end of Q2 2025 [3][15]. Fund Performance - The fund's weighted average profit per share for the reporting period was 0.0104 yuan [3]. - As of July 18, 2025, the unit net value was 1.598 yuan [3]. - The fund's performance over different time frames includes: - 3-month net value growth rate: 6.13%, ranking 210 out of 256 comparable funds [4]. - 6-month net value growth rate: 9.21%, ranking 144 out of 256 comparable funds [4]. - 1-year net value growth rate: 9.40%, ranking 203 out of 256 comparable funds [4]. - 3-year net value growth rate: -11.24%, ranking 108 out of 239 comparable funds [4]. Investment Strategy and Outlook - The fund manager anticipates a gradual reduction in overseas tariff impacts and a slow improvement in the domestic low-inflation environment, expecting macro policies to support economic recovery [4]. - The liquidity environment is expected to remain ample, with potential interest rate cuts from the Federal Reserve and the domestic central bank [4]. - The fund maintains a balanced industry allocation, focusing on high-quality companies with long-term value in a dividend strategy [4]. Risk Metrics - The fund's Sharpe ratio over the past three years is -0.1277, ranking 160 out of 240 comparable funds [9]. - The maximum drawdown over the past three years is 30.07%, ranking 194 out of 240 comparable funds, with the largest single-quarter drawdown recorded at 20.81% in Q1 2021 [11] [11]. Portfolio Composition - As of June 30, 2025, the fund's average stock position over the past three years was 77.62%, compared to the industry average of 85.68% [14]. - The top ten holdings of the fund include: - Zijin Mining - China Shenhua - Agricultural Bank of China - Tencent Holdings - Shanghai Pudong Development Bank - Shanghai Bank - Beijing Bank - China Yangtze Power - Bank of China - China Pacific Insurance [18].

Group 1 - The Shanghai Composite Index opened high and the CSI 300 Commercial Banks Index reported 7780.10 points, with a 3.00% increase over the past month, 11.10% over the past three months, and a 15.30% increase year-to-date [1] - The CSI 300 Index is categorized into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries, providing a comprehensive analysis tool for investors [1] - The top ten weights in the CSI 300 Commercial Banks Index are: China Merchants Bank (16.86%), Industrial Bank (12.27%), Industrial and Commercial Bank of China (8.23%), Bank of Communications (6.49%), Agricultural Bank of China (6.0%), Jiangsu Bank (5.23%), Shanghai Pudong Development Bank (4.78%), Minsheng Bank (4.08%), Ping An Bank (3.73%), and Shanghai Bank (3.32%) [1] Group 2 - The CSI 300 Commercial Banks Index consists of 76.30% comprehensive banks and 23.70% regional banks [2] - The index sample is adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to changes in the CSI 300 Index samples or significant events affecting sample companies [2]

Core Viewpoint - The credit card industry in China is experiencing a significant transformation, shifting from expansion to a focus on quality and efficiency, as evidenced by the increasing number of banks discontinuing co-branded credit card products [12][19]. Group 1: Market Trends - Since January 1, 2025, at least seven major banks have announced the discontinuation of at least 22 co-branded credit card products, indicating a trend of product adjustments in the credit card market [2][6]. - Major banks, including China Bank and Citic Bank, have stopped issuing various co-branded credit cards, with reasons primarily cited as "business adjustments" or "contract expiration" [4][6]. Group 2: Product Adjustments - Co-branded credit cards, which are partnerships between banks and profit-oriented institutions, are being phased out due to their unsustainable cooperation models and imbalanced overall returns [9][10]. - Banks are transitioning to standard credit cards for existing co-branded cardholders, with changes in reward structures and benefits [4][6]. Group 3: Regulatory Environment - The regulatory framework has tightened, with new guidelines from the former CBIRC and the People's Bank of China mandating banks to focus on quality over quantity in credit card issuance [10][12]. - The new regulations require banks to limit the ratio of dormant credit cards to no more than 20%, prompting a reevaluation of credit card strategies [10][12]. Group 4: Consumer Behavior - The credit card market is increasingly catering to younger consumers, who have diverse interests and consumption needs, necessitating banks to innovate and tailor products accordingly [18][19]. - The decline in credit card issuance and usage reflects a broader trend of market saturation and the need for banks to refine their customer engagement strategies [12][13]. Group 5: Future Outlook - The discontinuation of co-branded credit cards is seen as a necessary step towards a more refined and efficient credit card business model, focusing on high-value customer segments and innovative product offerings [15][19]. - The industry is expected to evolve towards precision marketing and enhanced customer experiences, leveraging digital technologies and data analytics [7][19].

A股银行板块震荡走弱，齐鲁银行、厦门银行、成都银行、浙商银行、上海银行、南京银行均跌超 1%。 ...

Group 1 - The core viewpoint of the articles highlights the strong performance of coal-related stocks and the positive outlook for coal prices due to seasonal demand and policy adjustments [1][2] - The "anti-involution" policy aims to eliminate low-price competition and optimize resource allocation, benefiting leading companies with cost advantages and high dividend capabilities [1] - The dividend ETF tracking the Shanghai National Enterprise Dividend Index has a high dividend yield of 5.2%, making it attractive for investors seeking income [2] Group 2 - The coal market is experiencing a robust trend supported by high electricity demand during peak seasons, with expectations for price increases in thermal coal [1] - The report from Guosen Securities indicates that coal prices have bottomed out in the first half of the year, with an anticipated improvement in supply-demand dynamics in the second half [1] - The historical trend shows that A-shares typically enter a dividend peak period from May to July, making high-dividend sectors a focal point for capital allocation [1]

Core Viewpoint - The report provides an overview of the performance and management of the Guangfa Jingfu Pure Bond Fund for the second quarter of 2025, highlighting its investment strategy, financial indicators, and compliance with regulations [1][2][8]. Fund Product Overview - Fund Name: Guangfa Jingfu Pure Bond - Fund Code: 007778 - Fund Type: Contractual open-end fund - Total Fund Shares at End of Reporting Period: 1,437,858,026.03 shares - Investment Objective: To achieve investment returns that exceed the performance benchmark while ensuring long-term stable growth of fund assets [2][8]. - Investment Strategy: The fund employs a comprehensive analysis of macroeconomic conditions, interest rate trends, yield curve changes, and credit risk to construct and adjust its fixed-income securities portfolio [2][10]. Financial Indicators and Fund Performance - Reporting Period: April 1, 2025, to June 30, 2025 - Fund's Net Value Growth Rate: 0.97% - Performance Benchmark Return: 1.54% - 1-Year Government Bond Yield: Down 20 basis points to 1.34% - 10-Year Government Bond Yield: Down 15 basis points to 1.69% [10][11]. Investment Portfolio Report - Total Value of Bonds Held: 1,977,819,392.26 RMB, representing 99.99% of total assets - Policy Financial Bonds: 80,944,197.27 RMB, accounting for 5.37% of total assets [13][14]. Fund Management and Compliance - The fund management strictly adheres to the Securities Investment Fund Law and related regulations, ensuring legal and compliant operations throughout the reporting period [8][9]. - The investment decision-making process includes a rigorous investment candidate library and authorization system to maintain control over investment risks [9][10]. Changes in Fund Shares - Initial Fund Shares: 1,398,245,993.52 - Total Subscription Shares During Reporting Period: 39,612,033.45 - Total Redemption Shares During Reporting Period: 0.94 - Final Fund Shares: 1,437,858,026.03 [15][16]. Other Important Information - The fund experienced a situation where a single investor held over 20% of the shares, which may lead to specific risks affecting fund performance and liquidity [16][17].