Core Viewpoint - The personal consumption loan business is becoming a key focus for many banks as they aim to boost consumer spending, with significant growth observed in the first half of 2025, particularly among state-owned banks and city commercial banks [1][2][3]. Group 1: Growth in Personal Consumption Loans - Over half of the banks reported an increase in personal consumption loan amounts, with 25 out of 37 banks showing growth [2]. - Notably, 14 banks increased their consumption loan amounts by over 5 billion yuan, while 11 banks achieved double-digit growth compared to the beginning of the year [2]. - Major state-owned banks like China Construction Bank, Agricultural Bank of China, Bank of Communications, and Bank of China saw increases exceeding 50 billion yuan, with amounts of 862.99 billion yuan, 626.86 billion yuan, 555.38 billion yuan, and 508.67 billion yuan respectively [3]. Group 2: Policy Impact on Consumption Loans - The implementation of the personal consumption loan subsidy policy on September 1 has further stimulated consumer interest, with many banks quickly launching their first subsidy transactions [1][4]. - The process for applying for loan subsidies is straightforward, allowing new customers to complete applications online, and existing customers can also benefit from the subsidy [4]. - The subsidy policy is expected to lower effective interest rates on loans, thereby stimulating consumer demand and enhancing consumption willingness [4]. Group 3: Future Outlook - Experts predict that personal consumption loans and business loans will tap into potential credit demand from residents, supported by favorable fiscal policies [1][3]. - By the end of June 2025, the total personal consumption loan scale is estimated to be around 12.5 trillion yuan, with the potential to generate an additional 1 trillion yuan in credit demand annually [5]. - New policy financial tools are expected to be introduced in the second half of the year, potentially injecting 500 billion yuan to stimulate approximately 4 trillion yuan in credit growth [6].

Group 1 - The core announcement is that Bank of Communications (601328) will hold its third extraordinary general meeting of shareholders on September 25, 2025 [1] - The agenda for the meeting includes the proposal to amend the "Rules of Procedure for Shareholders' Meetings of Bank of Communications Co., Ltd." [1]

（於中華人民共和國註冊成立的股份有限公司） （股份代號：03328） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 茲載列交通銀行股份有限公司於上海證券交易所網站刊登的《交通銀行股份有限 公司2025年第三次臨時股東大會資料》，謹供參閱。 承董事會命 交通銀行股份有限公司 何兆斌 公司秘書 中國上海 2025年9月4日 於本公告發佈之日，本行董事為任德奇先生、張寶江先生、殷久勇先生、 周萬阜先生、常保升先生*、廖宜建先生*、陳紹宗先生*、穆國新先生*、 艾棟先生*、羅小鵬先生*、石磊先生 # 、張向東先生 # 、李曉慧女士 # 、馬駿先生 # 、 王天澤先生 # 及肖偉先生 # 。 * 非執行董事 ＃ 獨立非執行董事 交通银行股份有限公司 2025 年第三次临时股东大会 资 料 2025 年 9 月 | | | | 股东大会议程 | 2 | | --- | --- ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03328） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列交通銀行股份有限公司於上海證券交易所網站刊登的《交通銀行股份有限 公司關於召開2025年第三次臨時股東大會的通知》，謹供參閱。 承董事會命 交通銀行股份有限公司 何兆斌 公司秘書 中國上海 2025年9月4日 於本公告發佈之日，本行董事為任德奇先生、張寶江先生、殷久勇先生、 周萬阜先生、常保升先生*、廖宜建先生*、陳紹宗先生*、穆國新先生*、 艾棟先生*、羅小鵬先生*、石磊先生 # 、張向東先生 # 、李曉慧女士 # 、馬駿先生 # 、 王天澤先生 # 及肖偉先生 # 。 一、召开会议的基本情况 （一）股东大会类型和届次 2025 年第三次临时股东大会 * 非執行董事 ＃ 獨立非執行董事 股票代码：601328 股票简称：交通银行 编号：临 2 ...

Core Viewpoint - The Bank of Communications reported a solid performance for the first half of 2025, emphasizing its role in supporting the real economy and aligning with national strategies, achieving stable growth in key financial metrics [2][10]. Financial Performance - Total assets reached 15.44 trillion yuan, a year-on-year increase of 3.59% [2]. - Operating income was 133.37 billion yuan, with a net profit attributable to shareholders of 46.02 billion yuan, reflecting year-on-year growth of 0.77% and 1.61% respectively [2]. Loan Growth and Support for the Real Economy - Customer loan balance reached 9 trillion yuan, up 443.4 billion yuan from the previous year, marking a growth rate of 5.18% [3]. - Corporate loans increased by 365.4 billion yuan, with a growth rate of 6.30%, and personal loans also saw significant growth [3][7]. Regional Loan Performance - Loans in the Yangtze River Delta region grew by 6.9%, accounting for nearly 30% of total loans, with significant growth in corporate credit [4]. Innovation and Digital Finance - The bank has been proactive in financial innovation, including the launch of various digital services and products, enhancing its digital finance capabilities [5][8]. - The balance of loans in the digital economy core industry exceeded 286 billion yuan, with internet loans growing by 8.52% [8]. Focus on Key Areas - The bank has increased support for strategic sectors such as manufacturing, small and micro enterprises, and green finance, with notable growth in relevant loan categories [6][7]. - The balance of green finance loans grew by 6.58%, and the bank issued 145 billion yuan in green financial bonds [6]. Customer Base and Capital Strength - The bank's customer base expanded, with a total of 2.95 million corporate clients and 202 million retail clients, reflecting growth rates of 3.75% and 1.30% respectively [10]. - The bank raised 120 billion yuan through the issuance of new shares, enhancing its core capital and operational stability [10].

股票代码：601328 股票简称：交通银行 编号：临 2025-059 交通银行股份有限公司 关于召开2025年第三次临时股东大会的通知 交通银行股份有限公司（以下简称"交通银行"或"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。 重要内容提示： 系统 一、召开会议的基本情况 （一）股东大会类型和届次 2025年第三次临时股东大会 （二）股东大会召集人：董事会 （三）投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相 结合的方式（网络投票适用于 A 股股东） （四）现场会议召开的日期、时间和地点 时间：2025 年 9 月 25 日 9：30 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 25 日 至2025 年 9 月 25 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时 ...

股东大会议程 交通银行股份有限公司 2025 年第三次临时股东大会 资 料 2025 年 9 月 | | | | 股东大会议程 | 2 | | --- | --- | | 股东大会议案 | 4 | | （一）关于修订《交通银行股份有限公司股东大会议事规则》的议案 | 4 | | （二）关于修订《交通银行股份有限公司董事会议事规则》的议案 | 33 | | （三）关于选举第十一届董事会执行董事和非执行董事（股权董事）的议案 46 | | | （四）关于选举第十一届董事会独立董事的议案（本议案实行累积投票制） 51 | | 1 现场会议开始时间：2025 年 9 月 25 日（星期四）9:30 现场会议地点：上海市银城中路 188 号交银金融大厦 网络投票（适用于 A 股）：采用上海证券交易所股东大会网络 投票系统 召集人：交通银行股份有限公司董事会 会议议程： 一、大会主席宣布开会 二、审议各项议案 （一）关于修订《交通银行股份有限公司股东大会议事规则》的议案； （二）关于修订《交通银行股份有限公司董事会议事规则》的议案； （三）关于选举第十一届董事会执行董事和非执行董事（股权董事）的议案； （四）关于选举第十 ...

Core Viewpoint - In the first half of 2025, A-share listed banks reported significant investment income growth, with non-interest income becoming a crucial revenue pillar amid weak credit demand [2][3]. Investment Income Performance - 42 listed banks achieved substantial investment income, with 13 banks exceeding 10 billion yuan in investment income [2]. - The Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), and China Merchants Bank (CMB) each reported over 20 billion yuan in investment income [2][3]. - CCB led with a remarkable 217.29% year-on-year increase in investment income, reaching 27.912 billion yuan [3][9]. Growth Rates - Several banks exhibited impressive growth rates, with CCB at 217.29%, followed by Changsha Bank at 118.82%, and Zhengzhou Bank at 111.10% [3]. - Other banks with notable growth include Qingdao Bank (93.93%) and Zijin Bank (95.41%) [3]. Contribution to Revenue - Investment income's contribution to total revenue varies significantly, with large state-owned banks focusing more on lending, while smaller banks rely heavily on investment income [6]. - For instance, investment income accounted for 39.14% of Shanghai Bank's revenue, while state-owned banks like ICBC and CCB had lower ratios below 10% [6]. Market Conditions and Strategies - The investment income surge is partly attributed to favorable conditions in the bond market last year, with banks capitalizing on market opportunities [4][10]. - Despite the current challenges in the bond market, banks like CCB have increased their holdings in government bonds and green bonds, reflecting a strategic shift [5][10]. Future Outlook - The sustainability of high investment income growth is under scrutiny, as banks may face challenges in maintaining high yields amid a potential "asset shortage" [7]. - Industry experts suggest that while the bond market may present opportunities, the overall investment landscape is becoming increasingly difficult [11].

Core Insights - The retail business has become a focal point for banks, with significant growth reported by the six major banks, while smaller banks show weaker performance in personal loans [1][4][5] - There is a divergence in opinions among banks regarding the risk trends in retail loans, with some believing the peak of bad loans has passed, while others see ongoing risk increases [1][2][7] Retail Business Performance - The six major banks have shown strong growth in retail business, with notable increases in personal consumption and operating loans, capturing a significant market share [1][4] - Specific growth figures include: - China Construction Bank's personal operating loans increased by 20.38% - Industrial and Commercial Bank of China’s personal consumption loans grew by 10.2% - Agricultural Bank of China’s personal operating loans rose by 17.2% [4] Divergence Among Banks - Smaller banks, including joint-stock and city commercial banks, have experienced sluggish growth in personal loans, with some reporting negative growth [1][5][6] - For instance, Ping An Bank's personal loan total decreased by 2.3%, while China Everbright Bank's retail loan growth was only 1.57% [5] Market Conditions and Future Outlook - The introduction of consumption loan subsidies is expected to create more variables in the retail market for the fourth quarter and next year [3] - Smaller banks are under pressure from larger banks and are focusing on improving their retail loan offerings, particularly in housing and consumption loans [3][8] Strategies for Growth - Major banks are expected to continue focusing on personal consumption and operating loans, leveraging central policies to support growth [8][9] - Smaller banks are looking to enhance their loan offerings by collaborating with local enterprises and improving loan approval processes to compete with larger banks [7][9]

Core Viewpoint - The 15th China-Northeast Asia Expo showcased the comprehensive business and global service advantages of the Bank of Communications Jilin Branch, emphasizing its commitment to high-quality financial services that empower stable development in foreign trade [1][2]. Group 1: Financial Services and Innovations - The Bank of Communications Jilin Branch has optimized cross-border service mechanisms to enhance trade finance efficiency, implementing measures such as simplified document review to provide efficient cross-border settlement services for foreign trade enterprises [1]. - The branch has launched a special action plan and promotional activities like "Jihui Chunfeng" to manage exchange rates effectively, introducing services such as "Exchange Rate Steward" and collaborating with local financing guarantee groups to reduce hedging costs for small and micro enterprises [1]. Group 2: Digital Financial Applications - The Bank of Communications Jilin Branch is actively utilizing digital tools to enhance service efficiency, focusing on the innovative application of the cross-border financial service platform by the State Administration of Foreign Exchange [2]. - The branch successfully implemented the first batch of bank-enterprise financing matching services in the province, supporting the launch of specialized services for the Jilin China-Europe Railway Express, thereby facilitating export financing through data-driven approaches [2].