ICBC (E) 中国工商银行 深圳市分行 为入驻深圳(含深汕合作区)优质产业园区且具备科创资质的小微企业 提供的在线信用贷款融资服务。 g 用贷款 操作便利 随借随处 额度高、期限长 额度最高可达1000万元,投信有效期最长3年, 额度可在投信期内循环使用。 利率低、审批快 利率优惠,最快3个工作日 可完成审批。 线上提款,随借随还 支持7×24小时线上提还款、 班由部位BTF 雷分曲博】最明语 "这笔资金不仅解了燃眉之急，更让我们有底气承接更大订单。"在深圳南山科技园里，某智能驾驶系统 集成企业负责人如此感慨。在原材料采购、设备升级等关键节点上，该企业面临资金流不足难题，好在 工商银行深圳市分行为其提供了园区企业专属的"园区e贷"，贷款仅在3个工作日内就到账了，妥善解决 了资金难题。 在深圳这座创新之城，像这样深耕前沿科技的小微企业如同城市经济的"毛细血管"，支撑着产业活力与 创新动能。但它们同时受困于轻资产、弱管理、缺市场的发展瓶颈，传统金融服务难以精准匹配其需 求。工商银行深圳市分行(以下简称"工行深圳市分行")积极响应深圳市政府和监管机构推广园区贷的号 召，创新推出"园区e贷"综合金融服务方案，以" ...

登录新浪财经APP 搜索【信披】查看更多考评等级 财通资管量化选股股票型发起式证券投资基金基金合同全文和招募说明书全文于2026年1月19日在本公 司网站（www.ctzg.com）和中国证监会规定网站披露，供投资者查阅。如有疑问可拨打本公司客服电话 （400-116-7888）咨询。 本基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证本基金一定盈利，也不 保证最低收益。请充分了解本基金的风险收益特征，审慎做出投资决定。 特此公告。 财通证券资产管理有限公司 2026年1月19日 财通资管量化选股股票型 发起式证券投资基金基金份额 发售公告 [重要提示] 1、财通资管量化选股股票型发起式证券投资基金（以下简称"本基金"）的募集申请经中国证监会2025 年12月19日证监许可【2025】2837号文准予注册。中国证券监督管理委员会（以下简称"中国证监会"） 对本基金的注册并不代表中国证监会对本基金的风险和收益做出实质性判断、推荐或者保证。 2、本基金的基金类型为股票型证券投资基金，本基金的运作方式为契约型、开放式。 3、本基金管理人为财通证券资产管理有限公司（以下简称"本公司"或"基金管理人 ...

◎ 记者 黄坤 重新审视传统盈利模式 在低利率背景下，银行、保险机构面临的核心挑战，在于依赖传统业务的盈利路径正在失效，必须主动 求变、探索新路径。 "躺着赚息差的日子一去不复返了。"浙江一家城商行人士告诉上海证券报记者，过去加大信贷资产投放 尚能通过"以量补价"维持营收规模，如今即便资产规模继续增长，利息收入却不升反降，营收承压成普 遍现象。 "新的一年，利差收窄仍是我们面临的最大挑战。"站在2026年初的时间节点上，无论是来自银行、保险 公司，还是资管机构的人士，几乎都表达了相同的感慨——低利率正在重塑资管行业的盈利模式和经营 思路。 低利率带来的是低息差、低收益，利率中枢持续下移的趋势下，银行净息差承压、保险利差损风险加 大，这些相互交织的挑战，正将金融行业推入一个前所未有的压力测试。如何在低利率环境中优化业务 结构、寻找可持续的业绩新增长点，金融从业者正在积极寻求答案。 "做了才有机会" "现在贷款利率这么低，大家都是赔本赚吆喝。"多位银行业人士向上海证券报记者感慨道，银行盈利空 间正被不断挤压，业务打法也随之发生变化，过去是银行"筛选客户"，现在变为"做了才有机会"，只能 把希望放在未来业务合作上， ...

1. Report Industry Investment Rating No information provided in the content. 2. Core View of the Report - The pressure on CDs to "increase prices for volume" is relatively controllable, and there's no need to overly worry about banks' liability - side. Despite a significant increase in CD maturities this week and short - term fluctuations in capital prices, CDs did not "increase prices for volume", indicating a strong continuation of long - term bank deposits after maturity. The current capital frictions are mainly short - term, such as new share subscriptions on the Beijing Stock Exchange and delayed reverse repurchase placements. The central bank actively smoothed out capital fluctuations, and CDs are expected to fluctuate around 1.65% with limited price - increasing pressure [2][46]. 3. Summary According to the Table of Contents Supply: Net financing declines, and the term structure lengthens - This week (January 12 - January 18), CD issuance was 553.58 billion yuan, with a net financing of - 254.88 billion yuan (compared to - 153.30 billion yuan from January 5 - January 11). The issuance proportion of state - owned banks decreased from 19% to 18%, while that of joint - stock banks increased from 11% to 14%, city commercial banks from 44% to 57%, and rural commercial banks from 7% to 9%. The 1M CD issuance proportion dropped from 26% to 8%, while the 3M, 6M, and 9M proportions increased. The weighted issuance term of CDs lengthened to 7.70 months (previously 7.45 months) [2][5]. - Next week (January 19 - January 25), the maturity scale will decline to 681.57 billion yuan, a weekly reduction of 123.80 billion yuan. Maturities are mainly concentrated in state - owned, joint - stock, and city commercial banks. In terms of term, the 3M, 6M, and 1Y CDs have higher maturity amounts, at 163.34 billion yuan, 174.02 billion yuan, and 266.28 billion yuan respectively [2][5]. Demand: Small and medium - sized banks and insurance companies are the main secondary - market allocators, and the primary - market subscription rates vary - In the secondary market, large - scale banks had a net purchase of 26.76 billion yuan this week, small and medium - sized banks had a net purchase of 97.621 billion yuan, wealth management shifted from a net sale of 2.412 billion yuan to a net purchase of 10.777 billion yuan, and money market funds' net sales increased from 57.166 billion yuan to 137.391 billion yuan [2][14]. - In the primary market, the overall market subscription rate (15DMA) decreased from 88% to 87%. Among different institutions, the subscription rate of city commercial banks increased from 81% to 82%, that of joint - stock banks decreased from 89% to 84%, and that of state - owned banks remained at 91% [2][14]. Valuation: The primary - market pricing of CDs shows a divergent trend, and most of the secondary - market pricing declines - In primary - market pricing, the weighted issuance rate of 1Y state - owned bank CDs remained around 1.62%. Specifically, the 1M variety decreased by 9bp, the 3M increased by 3bp, the 6M increased by 1bp, and the 9M and 1Y remained unchanged. The 1Y - 3M term spread of joint - stock banks decreased by 5bp, at the 9% historical quantile. The 1Y credit spread between city commercial banks and joint - stock banks widened from 8.88BP to 9.46BP, at around the 12% quantile, while that between rural commercial banks and joint - stock banks narrowed from 16.17BP to 7.33BP, also around the 12% quantile [2][17]. - In secondary - market yields, most yields of AAA - rated CDs declined. The 1M, 6M, 9M, and 1Y varieties each decreased by 1BP compared to last week, the 3M remained unchanged, and the 1Y remained at the 2% historical quantile since 2019. The 1Y - 3M term spread of AAA - rated CDs remained at the 11% historical quantile [2][29]. Comparison: The spread between CDs and treasury bonds widens - The spread between the 1Y AAA - rated CD yield and the DR007:15DMA capital spread narrowed from 12.32BP to 8.91BP, and the spread with the R007:15DMA capital spread narrowed from 1.56BP to - 0.52BP. The 1Y treasury bond yield decreased by 4.63BP, and the spread between CDs and treasury bonds widened from 34.38BP to 38.26BP, with the quantile rising to around 39%. The spread between CDs and China Development Bank bonds narrowed from 5.46BP to 3.08BP, with the quantile dropping to around 2%. Additionally, the spread between AAA medium - and short - term commercial paper and CDs widened from 6.13BP to 7.36BP, with the quantile rising to around 34% [2][34].

Core Viewpoint - The article discusses the significant decline in large-denomination certificate of deposit (CD) interest rates, with many banks offering rates below 1% for one-year and shorter products, while a substantial amount of deposits, approximately 75 trillion yuan, is set to mature in 2026, leading to a "deposit migration" trend among savers [3][10]. Group 1: Interest Rate Trends - Large-denomination CD rates are rapidly entering the "0% era," with most banks' new one-year and shorter products falling below 1%, and three-year rates generally below 2% [3][4]. - The trend towards shorter-term products is evident, with five-year options nearly disappearing, and some banks raising minimum deposit requirements to 1 million yuan [4][6]. - The average interest rates for various terms have dropped significantly, with the average rate for three-month deposits at 0.944% and one-year deposits at 1.277% as of September 2025 [8]. Group 2: Deposit Maturity and Migration - An estimated 75 trillion yuan of residential fixed-term deposits will mature in 2026, with a notable increase in the amount maturing compared to 2025 [10][11]. - Many savers are opting to transfer their funds from large banks to smaller banks, which typically offer slightly higher rates, rather than moving to equity markets [11][12]. - Younger savers are creatively splitting their deposits among different banks to take advantage of promotional offers, likening it to a game [12]. Group 3: Bank Strategies to Retain Deposits - In response to the pressure of deposit outflows, banks are launching various initiatives to retain funds, including temporarily raising interest rates to around 2% and enhancing customer service through personalized strategies [13][14]. - Some banks are offering promotional products with rates above 2% to attract new customers, while others are implementing pre-reminder mechanisms and tailored renewal plans for existing customers [16][17]. - The focus has shifted from merely selling products to deepening customer relationships and providing precise recommendations based on competitive analysis of deposit rates [17].

Core Viewpoint - The signing of a comprehensive strategic cooperation agreement between the Bank of China Heilongjiang Branch and Yabuli Sunshine Resort aims to enhance financial support for the ice and snow tourism industry in Heilongjiang, leveraging its unique natural resources to drive high-quality economic development [2] Group 1: Strategic Cooperation - The agreement was signed on January 15, 2026, with the support of the Heilongjiang Provincial Department of Culture and Tourism [2] - The cooperation focuses on transforming "cold resources" into a "hot economy" through financial empowerment [2] Group 2: Financial Services - The Bank of China Heilongjiang Branch aims to create a multi-level, widely covered, and sustainable financial service system for the ice and snow industry [2] - The cooperation will provide targeted financing support for cultural experience projects in the ice and snow culture sector [2] - Comprehensive financial solutions will be offered for the entire lifecycle needs of smart scenic area construction and operational upgrades in the ice and snow tourism sector [2]

Group 1 - The core point of the article is that the Industrial and Commercial Bank of China (ICBC) has applied for a patent related to a foreign exchange order matching method and device, indicating its focus on financial technology innovation [1] - The patent application was filed on September 2025, with the publication number CN121329644A, highlighting the company's ongoing efforts in enhancing its technological capabilities in the financial sector [1] - The described method aims to improve the efficiency of foreign exchange trading by addressing the low efficiency of traditional data comparison methods in matching trades [1] Group 2 - ICBC was established in 1985 and is headquartered in Beijing, primarily engaged in monetary financial services [2] - The company has a registered capital of approximately 35.64 billion RMB and has made investments in 28 enterprises, showcasing its active role in the market [2] - ICBC has participated in 5,000 bidding projects and holds a significant number of intellectual property assets, including 976 trademark records and 5,000 patent records [2]

所谓保管箱服务，其全称为保管箱租赁服务，是银行以出租保管箱形式，代租用人保管贵重物品、有价证券及文件等财物的一项服务业务。券商中国记者从已使用 多年银行保管箱服务的人士处了解到，通常会将重要合同等文件放在保管箱中，"以前也放过金条，在银行买的金条不开封直接就放进去了。" 记者走访多家银行网点发现，目前北京地区保管箱"一箱难求"的情况较为普遍。 "我们这儿现在已经有40多位客户在排队了，但去年只有1位退箱，所以目前也就不再接受新的排队。"工商银行某支行营业部工作人员对记者表示。 近期，银行保管箱"一箱难求"引发关注。券商中国记者近日走访或致电工商银行、农业银行、中国银行、招商银行、民生银行、兴业银行在北京地区的多家分支机 构，仅中国银行一家支行仍有空箱，其余网点均需排队等待或因排队人数过多而不再新增预约。 从排队等待人数来看， 少则三四人，多则三四十人 ；至于等待时长，多数网点工作人员表示无法给出准确时点，因为这一业务已存续很长时间，客户大多为存量 客户，只能等待每年自然退租、腾出空箱；而腾退本身又具有比较强的主观性，因此无法给出明确判断。 "一箱难求"情况普遍 "一般其他网点没有（空箱）了，才会再到我们这儿来 ...

Group 1 - The core viewpoint of the article highlights the increasing activity in the domestic merger and acquisition (M&A) market, driven by a series of supportive policies from regulatory authorities, particularly the new guidelines on M&A loans issued by the National Financial Regulatory Administration [1][2][3] - The new M&A loan management regulations allow for a higher proportion of controlling M&A loans in the transaction price, increasing the limit from 60% to 70%, and extending the loan term from seven years to ten years, thereby facilitating financing for M&A transactions [3][4] - The implementation of these regulations has led to a rapid increase in M&A loan projects being approved and disbursed by various commercial banks within a short period, indicating a positive market response to the new policies [2][3][4] Group 2 - The new regulations specifically include minority stake acquisitions in the scope of M&A loans, which aligns with current industrial upgrade needs and is expected to promote industrial integration and high-quality economic development [4][7] - Several banks, including Industrial and Commercial Bank of China and Agricultural Bank of China, have successfully issued the first M&A loans under the new regulations, demonstrating proactive engagement with local enterprises to meet their financing needs [4][5][6] - The regulatory environment is further supported by multiple government departments encouraging industrial mergers and acquisitions, particularly in technology sectors such as electronics and biomedicine, which are seeing increased M&A activity [8][9]

Group 1 - The fund is named "Caitong Cycle Optimal Mixed Securities Investment Fund" and is classified as a mixed securities investment fund [13] - The fund's initial share price is set at 1.00 RMB per share [14] - The fund aims to achieve long-term stable appreciation of assets while strictly controlling risks [14] Group 2 - The fund will be publicly offered from January 27, 2026, to February 9, 2026, with a maximum fundraising period of three months [21] - The minimum initial subscription amount for individual investors at the direct sales center is 50,000 RMB, while subsequent subscriptions require a minimum of 1,000 RMB [27] - Investors can subscribe multiple times during the fundraising period, but once accepted, subscription applications cannot be withdrawn [29] Group 3 - The fund will be managed by Caitong Fund Management Co., Ltd., and the custodian will be Industrial and Commercial Bank of China [1] - The fund is open to individual investors, institutional investors, qualified foreign investors, and other investors permitted by laws and regulations [15] - The fund will not open direct sales channels for subscriptions initially, and any future changes will be announced on the fund manager's website [2] Group 4 - The fund's investment strategy includes a focus on stocks, with a target allocation of 60%-95% of its assets in equities [6] - The fund can invest in stocks listed on the Hong Kong Stock Exchange under the Stock Connect program, which may involve specific risks [7] - The fund's investment scope includes stocks from the Sci-Tech Innovation Board, which may face liquidity risks due to stricter investor suitability management [8]