Core Viewpoint - The article emphasizes that banks in China have evolved beyond traditional banking functions, forming banking groups with multiple subsidiaries and licenses, engaging in various financial services such as leasing, wealth management, and insurance [2]. Group 1: Overview of Major State-Owned Commercial Banks - The total assets, operating income, and net profit of the five major state-owned commercial banks (ICBC, CCB, ABC, BOC, and BOCOM) show a high proportion of their overall scale is derived from their banking operations, with ICBC, CCB, and ABC having a bank content ratio above 90% [2]. - BOC has the lowest bank content ratio among the five, at less than 85% [2]. Group 2: Subsidiaries of Industrial and Commercial Bank of China (ICBC) - ICBC has several major subsidiaries, including ICBC AXA Life Insurance, ICBC Credit Suisse Asset Management, ICBC Financial Leasing, ICBC Financial Asset Investment, and ICBC Wealth Management [3][4]. - As of the end of 2024, ICBC AXA Life Insurance had total assets of 349.54 billion and a net profit of 1.02 billion [6]. - ICBC Credit Suisse managed over 2 trillion in assets and achieved a net profit of 2.11 billion [7]. - ICBC Financial Leasing reported total assets of 417.46 billion and a net profit of 2.48 billion [9]. - ICBC Financial Asset Investment had total assets of 183.86 billion and a net profit of 4.80 billion [11]. - ICBC Wealth Management had total assets of 22.18 billion and a net profit of 1.42 billion [12]. Group 3: Subsidiaries of China Construction Bank (CCB) - CCB's major subsidiaries include CCB Life Insurance, CCB Trust, CCB International, CCB Fund Management, and CCB Financial Leasing [13][14]. - CCB Life Insurance had total assets of 321.28 billion and a net profit of 0.32 billion [15]. - CCB Trust reported total assets of 45.97 billion and a net profit of 0.54 billion [18]. - CCB International had total assets of 72.89 billion and a net profit of 0.01 billion [20]. - CCB Fund Management had total assets of 118.05 billion and a net profit of 0.84 billion [23]. - CCB Financial Leasing reported total assets of 182.15 billion and a net profit of 2.68 billion [24]. Group 4: Subsidiaries of Agricultural Bank of China (ABC) - ABC's major subsidiaries include ABC Life Insurance, ABC Fund Management, ABC International, ABC Financial Leasing, and ABC Wealth Management [34][35]. - ABC Life Insurance had total assets of 213.49 billion and a net profit of 0.88 billion [36]. - ABC Fund Management reported total assets of 4.85 billion and a net profit of 0.25 billion [39]. - ABC International had total assets of 485.33 billion HKD and a net profit of 0.87 billion HKD [41]. - ABC Financial Leasing had total assets of 1111.86 billion and a net profit of 0.78 billion [42]. - ABC Wealth Management had total assets of 228.66 billion and a net profit of 1.96 billion [44]. Group 5: Subsidiaries of Bank of China (BOC) - BOC's major subsidiaries include BOC Investment, BOC Insurance, BOC Aviation, BOC International, and BOC Fund Management [45][46]. - BOC Investment had total assets of 1334.59 billion HKD and a net profit of 1.01 billion HKD [48]. - BOC Insurance reported total assets of 96.75 billion HKD and a net profit of 0.42 billion HKD [49]. - BOC Aviation had total assets of 250.53 billion USD and a net profit of 0.92 billion USD [51]. - BOC International had total assets of 715.48 billion HKD and a net profit of 1.39 billion HKD [53]. - BOC Fund Management had total assets of 64.82 billion and a net profit of 0.79 billion [56]. Group 6: Subsidiaries of Bank of Communications (BOCOM) - BOCOM's major subsidiaries include BOCOM International, BOCOM Life Insurance, BOCOM Insurance, BOCOM Trust, and BOCOM Fund Management [69][70]. - BOCOM International had total assets of 145.15 billion HKD and a net profit of -1.23 billion HKD [71]. - BOCOM Life Insurance reported total assets of 1638.91 billion and a net profit of 1.02 billion [74]. - BOCOM Insurance had total assets of 9.93 billion HKD and a net profit of 0.07 billion HKD [76]. - BOCOM Trust reported total assets of 195.22 billion and a net profit of 0.79 billion [78]. - BOCOM Fund Management had total assets of 83.84 billion and a net profit of 0.88 billion [80].

Group 1 - Extreme weather in Beijing has caused significant flooding and landslides, affecting over 300,000 people and resulting in major casualties and property damage [1] - Banks in Beijing have activated emergency response mechanisms to ensure timely financial support for disaster relief and recovery efforts [1][2] - China Development Bank Beijing Branch provided an emergency loan of 300 million yuan to support disaster relief efforts [1] Group 2 - Agricultural Bank of China Beijing Branch opened a green channel for emergency funds, completing the entire process in just two and a half hours to support rescue operations [1] - Traffic Bank Beijing Branch prioritized emergency financial services for flood relief and ensured smooth processing of emergency fund requests [2] - China Bank Beijing Branch provided 400 boxes of mineral water to support rescue personnel on the front lines [2] Group 3 - Banks are actively engaging with affected communities to assess financial needs and provide comprehensive support for post-disaster recovery [3] - Industrial and Commercial Bank of China launched targeted credit products to assist residents in repairing homes affected by the disaster [3] - Agricultural Bank of China is implementing various relief policies, including loan extensions and interest reductions, to support small businesses and farmers [3][4] Group 4 - Minsheng Bank Beijing Branch is increasing online loan applications to support disaster recovery and has partnered with local agricultural financing institutions for targeted financial solutions [5] - China Bank Beijing Branch provided non-repayment loans to a severely affected ecological agriculture company to assist with cash flow issues [5][6] - Citic Bank Beijing Branch is actively reaching out to local businesses to understand their financial needs and provide necessary support [6]

国有大行夯实风险防线 ◎记者 黄坤 ■资本工具进化录 8月TLAC债券再"上新" 近期，国有大行相继发行总损失吸收能力非资本债券（下称"TLAC债券"）。农业银行继2025年6月300 亿元TLAC债券落地后，再发200亿元TLAC债券，加上此前交通银行、中国银行发行的TLAC债券，三 家大行TLAC债券合计发行规模或将达1700亿元，并吸引了多元化投资者参与和超额认购。 TLAC是指全球系统重要性银行进入风险处置时，可通过减记或转股吸收损失的资本和债务工具的总 和。TLAC债券，是全球系统重要性银行为满足总损失吸收能力要求而发行的、具有吸收损失功能、不 属于商业银行资本的金融债券。 "发行TLAC债券主要目的是增强系统性银行风险抵补、处置能力，维护金融系统稳定。"一家银行金融 市场部资深研究员告诉上海证券报记者，国有大行发行TLAC债券，在满足市场机构配置需求的同时， 也有助于进一步夯实金融稳定性。 业内人士认为，国有大行应以补充总损失吸收能力为契机，提升资本实力、损失吸收能力、经营水平和 风控能力，更好服务实体经济。 7月底发行规模已达1500亿元 前不久，交通银行也在全国银行间债券市场公开发行2025年 ...

国有大行夯实风险防线 ◎记者 黄坤 近期，国有大行相继发行总损失吸收能力非资本债券（下称"TLAC债券"）。农业银行继2025年6月300 亿元TLAC债券落地后，再发200亿元TLAC债券，加上此前交通银行、中国银行发行的TLAC债券，三 家大行TLAC债券合计发行规模或将达1700亿元，并吸引了多元化投资者参与和超额认购。 8月TLAC债券再"上新" ■资本工具进化录 前不久，交通银行也在全国银行间债券市场公开发行2025年第二期TLAC债券（债券通），并于7月23 日发行完毕，发行总规模为300亿元。更早前，交通银行于6月发行了400亿元TLAC债券。 农业银行和中国银行也先后发行了2025年第一期TLAC债券，并分别于6月30日和7月10日发行完毕，规 模分别为300亿元和500亿元。 据此统计，截至7月底，上述3家国有大行TLAC债券已发行规模合计达1500亿元，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自身总损失吸收能力。 步入8月，国有大行TLAC债券再"上新"。 据中国货币网披露，农业银行2025年第二期TLAC债券（债券通）获批准发行，发行规模为200亿元， 发行期限 ...

新华财经上海8月2日电据交通银行消息，交通银行香港分行日前成功以公募方式发行全球首单上海自贸 离岸债，票面利率1.85%，期限3年，获得穆迪A2和惠誉A的债项评级，由中央国债登记结算有限责任 公司托管。 据悉，此次发行严格贯彻落实今年陆家嘴论坛中国人民银行关于"发展自贸离岸债"的政策要求，遵 循"两头在外"原则和国际通行的规则标准，由交行香港分行作为发行人，通过上海、香港、澳门和卢森 堡等多地高效联动协同，成功吸引来自香港、中东、中美洲等地区的境外优质投资者踊跃认购，并落地 多项创新实践。 作为上海自贸区金融改革创新的重要基础设施，自由贸易账户（FT账户）在本单业务中扮演重要角 色。交行充分发挥FT账户"一线放开"政策优势，为境外投资者提供安全便捷的跨境结算服务，实现资 金在上海自贸试验区与境外间有序自由流动。此外，本单上海自贸离岸债将于澳门金融资产交易所 （MOX）和卢森堡证券交易所（LuxSE）同时挂牌上市。 此次发行也标志着交行在探索构建与上海国际金融中心相匹配的离岸金融体系方面迈出重要一步，助力 人民币国际化进程。该业务的成功落地，使交行成为市场上唯一汇集自贸离岸债发行、投资、承销、信 托、清算和结算 ...

据交通银行消息，8月1日，交通银行香港分行以公募方式发行全球首单上海自贸离岸债，票面利率 1.85%，期限3年，由中央国债登记结算有限责任公司托管。 ...

Group 1 - The People's Bank of China Tianjin Branch reported that cross-border RMB payments in Tianjin reached 275.5 billion yuan in the first half of the year, marking a strong year-on-year growth of 19.3% [1] - Multiple integrated, innovative, and convenient cross-border RMB policies continue to empower the high-quality development of Tianjin's economy [1] - The Tianjin Branch facilitated a 220 million yuan overseas loan to the China-Egypt TEDA Suez Economic and Trade Cooperation Zone, effectively opening up the cross-border RMB funding channel between China and Egypt [1] Group 2 - To support the development of shipping finance, the Tianjin Branch, in collaboration with the municipal financial office, introduced special cross-border RMB incentive policies to enhance financial support for the integration of port, industry, and city [2] - The Tianjin Branch guided banks to innovate nearly 20 shipping finance products to meet diverse corporate needs [2] - As of July 31, five banks in Tianjin have launched the Free Trade Account (FT Account) system, providing more service options and financing channels for enterprises [2]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 FF301 致：香港交易及結算所有限公司 公司名稱: 交通銀行股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03328 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 35,011,862,630 | RMB | | 1 RMB | | 35,011,862,630 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 35,011,862,630 | RMB | | 1 RMB | | 35,011,862,630 | | 2. 股份分類 | 普通股 | ...

呈交日期: 2025年8月1日 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 交通銀行股份有限公司 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03328 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 35,011,862,630 | RMB | | 1 RMB | | 35,011,862,630 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 35,011,862,630 | RMB | | 1 RMB | | 35,011,862,630 | | 2. 股份分類 | 普通股 | ...

Core Insights - HSBC Holdings reported a revenue of $34.122 billion for the first half of 2025, representing an 8.5% decline compared to the same period last year [1] - The pre-tax profit was $15.8 billion, a decrease of $5.7 billion or 26.7% year-on-year, while the net profit after tax fell by 30% to $12.4 billion [1] - The company's stock price experienced significant volatility following the earnings report, closing down 3.82% at HKD 96.15 per share, with a market capitalization of approximately HKD 1.68 trillion [1] Financial Performance - The decline in profit was primarily attributed to a $2.1 billion dilution and impairment loss related to the investment in Bank of Communications [3] - Last year's gain of $3.6 billion from the sale of Canadian and Argentine businesses was not replicated in this reporting period, negatively impacting overall performance [3] - HSBC's investment in Bank of Communications saw its ownership stake diluted from 19.03% to 16%, resulting in a dilution loss of $1.136 billion and an impairment loss of $1 billion [3] Business Structure and Strategy - HSBC has initiated a significant restructuring under the new CEO, aiming to transition from a matrix structure to four main business segments: Hong Kong, UK, Corporate and Institutional Banking, and International Wealth Management [3] - Despite the restructuring, only the Corporate and Institutional Banking segment reported profit growth, while other segments experienced varying degrees of decline [4] - The Corporate Center segment shifted from a profit of $4.8 billion last year to a loss this year [4] Cost Management and Market Performance - HSBC announced a cost-cutting plan aiming to reduce expenses by $300 million by 2025, with a target of achieving annualized savings of $1.5 billion by the end of 2026 [4] - Operating expenses increased to $17.022 billion, up $700 million from the previous year, despite the cost reduction initiatives [4] - The Asia region contributed 78.3% of the pre-tax profit, with strong performances from mainland China, India, and Singapore, while European operations, particularly in the UK, faced profitability challenges due to economic stagnation [4] Regional Insights - The pre-tax profit from Hong Kong and mainland China operations was $9.384 billion, a decline of 13.85% year-on-year, but its contribution to overall profit increased from 50.5% to 59.4% [4] - Several institutions have raised their target prices for HSBC, with CICC increasing its target by 9.3% to HKD 111.9, maintaining an "outperform" rating [4]