证券代码：601288 证券简称：农业银行 公告编号：临2025-035号 经相关监管机构批准，中国农业银行股份有限公司（以下简称"本行"）在全国银行间债券市场发行"中 国农业银行股份有限公司2025年总损失吸收能力非资本债券（第二期）（债券通）"（以下简称"本期债 券"）。 本期债券于2025年8月1日簿记建档，于2025年8月5日发行完毕。本期债券发行总规模为人民币500亿 元，分为三个品种。其中品种一为4年期固定利率债券，发行规模为人民币300亿元，票面利率为 1.85%，在第3年末附有条件的发行人赎回权；品种二为6年期固定利率债券，发行规模为人民币50亿 元，票面利率为1.93%，在第5年末附有条件的发行人赎回权；品种三为11年期固定利率债券，发行规 模为人民币150亿元，票面利率为2.15%，在第10年末附有条件的发行人赎回权。 本期债券募集资金在扣除发行费用后，将依据适用法律和主管部门的批准用于提升本行总损失吸收能 力。 特此公告。 中国农业银行股份有限公司董事会 中国农业银行股份有限公司关于 二〇二五年八月五日 2025年总损失吸收能力非资本债券（第二期）（债券通）发行完毕的公告 中国农业银行股 ...

Group 1 - The insurance capital market is experiencing a wave of shareholding activities, with 21 instances of insurance companies acquiring stakes in listed companies this year, surpassing the total of 20 for the entire year of 2024 [1][2] - Major insurance companies involved in this trend include China Post Insurance, Taikang Life, and several others, indicating a strong interest in equity investments [1][2] - The surge in shareholding activities is attributed to adjustments in asset allocation strategies by insurance companies, driven by supportive policies for long-term capital market investments [1][2] Group 2 - The companies targeted for shareholding include major banks and firms across various sectors, with bank stocks being the most frequently acquired [2] - Ping An Life has notably made seven acquisitions of bank stocks this year, indicating a focused strategy on this sector [2] - The regulatory environment has been favorable, with policies encouraging insurance funds to increase their equity investments, leading to a significant rise in the market value of equity holdings [2][3] Group 3 - The Ministry of Finance has adjusted the assessment methods for insurance fund performance, emphasizing long-term investment strategies, which is expected to enhance the role of insurance capital in the market [3] - The outlook for the second half of the year suggests that the trend of insurance capital acquiring stakes will continue, supported by ongoing policy initiatives [3]

Fund Overview - The fund is named E Fund ChiNext Index Enhanced Securities Investment Fund, with A class fund share code 025164 and C class fund share code 025165 [20] - It is a contract-based open-end, stock-type index fund [20] - The fund's management and registration institution is E Fund Management Co., Ltd., and the custodian is Agricultural Bank of China [20] Fund Raising Details - The fund will be publicly offered from August 18, 2025, to August 29, 2025, with a maximum fundraising limit of 8 billion RMB [5][23] - If the total effective subscription amount exceeds 8 billion RMB, the fund manager will implement a proportionate confirmation method to control the scale [2][5] - The minimum subscription amount for individual investors is 1 RMB through non-direct sales institutions, while it is 50,000 RMB through the direct sales center [4] Fund Share Classes - The fund has two share classes: A class, which charges subscription fees, and C class, which does not charge subscription fees but incurs sales service fees during the holding period [25][28] - Each share class will have its own net asset value calculated and published separately [2] Investment Objectives - The fund aims to achieve investment returns that exceed the performance benchmark while controlling the average tracking deviation and annualized tracking error [21] Subscription Process - Investors can subscribe multiple times during the fundraising period, and there is no upper limit on the total subscription amount for individual investors, provided it does not lead to a single investor holding over 50% of the fund shares [4][5] - Subscription applications must be confirmed by the registration institution, and once confirmed, they cannot be revoked [5][34] Index Composition - The fund's benchmark index is the ChiNext Index, which includes A-shares listed on the Shenzhen Stock Exchange that meet specific criteria [9][10] - The selection process for index constituents involves evaluating market capitalization, trading volume, and compliance with regulatory standards [11][12] Fund Management and Operations - The fund management company may adjust the fundraising arrangements based on various factors [8] - The fund's assets will be verified by a qualified accounting firm after the fundraising period ends [61]

Group 1 - The production line for silicon photonic engines in Wuhan can process over 100,000 units monthly, supporting high-speed network construction essential for data centers and communication bases [1] - The production line's launch was facilitated by a loan from the Construction Bank's Wuhan branch, enabling the company to upgrade its production line with high-precision equipment [1] - The introduction of advanced equipment at Wuhan Special Industrial Pump Factory was supported by a 20 million yuan loan from Zhongbang Bank, aiding in technology research and development [1] Group 2 - As of June 30, the green loan balance in Hubei reached 222.8 billion yuan, an increase of 38.9 billion yuan since the beginning of the year [2] - Wuhan Zhongbang Bank is enhancing its support for technology finance by developing specialized credit products for tech enterprises, focusing on intellectual property and core technology [2] - The Construction Bank's "Shan Ying Loan" product aims to assist small agricultural enterprises and individual businesses facing funding shortages in rural areas [2] Group 3 - The Agricultural Bank of China's Jingmen branch provided a 4 million yuan loan to Kang Le Nursing Home to support its expansion and meet the growing demand for elderly care services [3] - The focus on five key financial areas—technology finance, green finance, inclusive finance, elderly finance, and digital finance—is crucial for supporting high-quality economic development [3]

今年是巩固拓展脱贫攻坚成果同乡村全面振兴有效衔接5年过渡期的最后一年，在政策引领下，金融机 构积极创新产品和服务，让更多农民贷得到、贷得快、贷得起，让脱贫地区农民增收致富。中国人民银 行发布的2025年二季度金融机构贷款投向统计报告显示，涉农贷款持续增长，今年二季度末，本外币涉 农贷款余额53.19万亿元，同比增长7.4%，增速比各项贷款高0.6个百分点，上半年增加3.07万亿元。 支持产业发展 产业兴旺是乡村全面振兴的重中之重。2025年的中央一号文件提出，着力壮大县域富民产业，发展乡村 特色产业。国家金融监督管理总局4月发布的《关于扎实做好2025年"三农"金融工作的通知》（以下简 称《通知》）中明确要求，促进县域富民产业发展。中国人民银行、农业农村部7月联合印发的《关于 加强金融服务农村改革推进乡村全面振兴的意见》（以下简称《意见》）中也再次强调，助推县域产业 高质量发展。 "我们以前是小作坊店，已经有300多年历史了，靠的就是祖祖辈辈传承下来的手工艺。"西藏优格仓工 贸有限公司负责人龙日江措介绍，公司自成立以来，专注于民族手工艺品，特别是藏香、藏纸、藏香水 等名优产品及各类旅游纪念产品的产销。同时，也 ...

Group 1: Financing Mechanism for Small and Micro Enterprises - The establishment of a financing coordination mechanism aims to address the difficulties faced by small and micro enterprises in obtaining loans and the challenges banks encounter in lending [1][9] - The mechanism involves government departments pre-screening enterprises and banks providing precise matching services, enhancing the efficiency of loan acquisition for small businesses [1][3] - The mechanism has led to the development of tailored financial products, such as "Pepper Loan" and "Quick Guarantee Loan," to meet the specific needs of the pepper industry in Chongqing [3][4] Group 2: Impact of E-commerce on Sales Growth - The introduction of e-commerce channels has significantly boosted sales for companies like Fengyuan Pepper, with sales increasing from 20 million yuan in 2019 to 100 million yuan in 2024, marking a 20-fold growth [2][3] - The ability to secure funding has allowed companies to stock up on inventory, enabling them to meet large order demands during peak sales periods [3][8] Group 3: Support from Financial Institutions - Financial institutions have played a crucial role in supporting small enterprises by providing timely loans, such as a 400,000 yuan credit increase for Fengyuan Pepper to expand production capacity [3][9] - The "Xinyi Loan·Yuhui融" platform has facilitated the connection between banks and small enterprises, allowing for a more streamlined loan application process [7][9] Group 4: Export Challenges and Solutions - Small foreign trade enterprises like Haosen Motorcycle face challenges such as order fluctuations and currency risks, necessitating innovative financing solutions [8][9] - The China Bank has introduced multi-currency settlement accounts to simplify currency exchange processes and reduce costs, saving nearly 1 million yuan annually for enterprises [9][10] - The bank also offers services to lock in exchange rates and provides export credit insurance to mitigate risks associated with international trade [10]

在湖北武汉驿路通科技股份有限公司的无尘车间，技术人员正对硅光芯片进行测试。这条去年8月投产 的硅光引擎生产线，可实现每月加工硅光引擎10万个以上。 光模块和硅光引擎是光通信的基石，支撑了数据中心到通信基站的各类高速网络建设。"随着人工智能 和算力的发展，我们的产能不断扩大，需要投入更多高精度设备。"公司总经理张祥波说，"这条生产线 的投产，得益于建行武汉光谷自贸区分行为我们提供的设备更新改造贷款，让公司能够加速推进生产线 智能化升级。" 走进武汉特种工业泵厂有限公司的厂房，智能化设备正在加工混流泵的外缘。"近年来，我们引入五轴 联动加工中心等高新设备，公司流动资金出现周转困难时，众邦银行为我们提供了2000万元的流动性资 金贷款，用于技术研发与改造。"公司总经理邓少林说，新研发的水力模型已应用在湖北省的大冶湖泵 站、新滩口泵站等项目上。 科技与金融双向奔赴形成合力，是湖北省做好金融"五篇大文章"的一个缩影。科技金融不仅有效缓解了 科技型企业融资难、融资贵的问题，也正成为推动经济高质量发展的强劲引擎。 建设银行湖北省分行集中资源做好绿色领域项目支持，截至今年6月底，绿色贷款余额2228亿元，较年 初增加389亿 ...

Group 1 - The core viewpoint of the articles emphasizes the proactive response of major banks, including Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China, and others, to implement personal consumption loan interest subsidy policies and support service industry financing [1][4][5] - The banks are actively innovating inclusive financial products to meet the financing needs of individual consumers and service-oriented businesses, as demonstrated by ICBC's tailored financing solution for a local restaurant [2][3] - The implementation of the interest subsidy policies aims to lower credit costs for residents and service industry entities, thereby stimulating consumption and enhancing market vitality [3][4][5] Group 2 - Several major banks, including ICBC and China Construction Bank, are developing specific action plans and measures to support the implementation of the interest subsidy policies, focusing on key consumption areas such as automotive, home appliances, and retail [4][5] - Agricultural Bank of China is enhancing its loan offerings and financial services tailored to the diverse needs of consumers and service industry operators, ensuring effective policy transmission to various enterprises [5][6] - Experts suggest that the interest subsidy policies can lower financing costs for both residents and businesses, potentially boosting retail banking operations and improving the overall economic environment [6]

Core Viewpoint - The article highlights the proactive measures taken by several banks, including Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China, and others, in implementing personal consumption loan interest subsidy policies and supporting service industry loans to stimulate consumption and enhance market vitality [1][2][3]. Group 1: Bank Initiatives - ICBC has developed tailored financing solutions, such as the "Yanhua Loan," to assist individual entrepreneurs like Mr. Yang, who faced cash flow challenges due to business expansion [1][2]. - Multiple banks, including ICBC and China Construction Bank, are actively organizing the implementation of loan interest subsidy policies, aiming to lower credit costs for residents and service industry operators [2][3]. - Agricultural Bank of China is focusing on enhancing its support for personal consumption loans and service industry credit, with plans to implement specialized action plans and innovative financial products [3][4]. Group 2: Policy Impact - The personal consumption loan interest subsidy policy is expected to lower financing costs for both residents and service industry operators, thereby stimulating consumption and enhancing market activity [3][4]. - The policy encourages banks to design loan products that align with consumer needs in sectors such as automotive, home appliances, and tourism, while also providing incentives for service industry SMEs [4][5]. - Analysts believe that the implementation of these subsidy policies will not only boost consumer spending but also create opportunities for banks to expand their retail business and improve net interest margins [4][5].

7月31日，国务院常务会议提出，实施个人消费贷款贴息政策与服务业经营主体贷款贴息政策。目前， 工行、农行、中行、建行、交行和邮储银陆续表态，将积极响应相关政策，助力消费升级与服务业焕 新。 国有大行第一时间响应。 工商银行发布公告称，将坚持市场化、法治化原则，优化办理流程、简化手续，推动政策尽快实施。 农业银行表示，将积极落实会议部署，按照有关部门要求，进一步简化申请流程，提升办理效率，加强 资金合规使用，确保贴息政策精准高效直达广大消费者和服务业经营主体，及时将政策精准传导至千企 万户。 建设银行表示，将按照上级单位有关要求，切实做好个人消费贷款和服务业经营主体贷款贴息政策的传 导落实，让消费市场参与方更加便捷地获得国家政策红利，激发消费潜力，提升市场活力，以高质量金 融服务助力扩大消费需求，提升消费能力，更好发挥消费在畅通国民经济循环、拉动经济增长中的积极 作用。 值得一提的是，虽然新政具体执行细则还未披露，但据公开信息显示，在此之前至少已经有三地实施了 消费贷贴息政策，贴息幅度多在1.5%左右。 中国银行则表示，将全力抓好贴息政策的组织实施，推动政策尽快落地，以高效、精准、优质的金融服 务，推动政策红利 ...