记者丨张欣 编辑丨方海平 继工商银行率先出手"村改支"（村镇银行改制为支行）之后，国有大行"村改支"再添一例！ 10月11日，21世纪经济报道记者注意到，国家金融监督管理总局金华监管分局发布《关于中国农业银行 股份有限公司收购浙江永康农银村镇银行有限责任公司设立分支机构的批复》，同意农业银行作为主发 起行收购浙江永康农银村镇银行有限责任公司并设立三家支行。 批复明确，同意农业银行收购浙江永康农银村镇银行并设立中国农业银行永康金山支行、中国农业银行 永康胡库支行、中国农业银行永康后城街支行，承接浙江永康农银村镇银行清产核资后的资产、负债、 业务和员工。 公告还显示，农业银行应严格按照有关法律法规要求办理收购事宜，并督促浙江永康农银村镇银行按规 定办理法人机构解散等相关事宜。农业银行应在上述支行筹建工作结束后向国家金融监督管理总局金华 监管分局申请核准开业。 浙江永康农银村镇银行成立于2012年4月。农业银行2025年中期报告显示，该行控股6家村镇银行，其中 包括此次被收购的浙江永康农银村镇银行，其余五家为湖北汉川农银村镇银行、克什克腾农银村镇银 行、安塞农银村镇银行、绩溪农银村镇银行、厦门同安农银村镇银行。也就 ...

Core Viewpoint - The article discusses the recent trend of state-owned banks in China converting village banks into branches, highlighting the acquisition of Zhejiang Yongkang Nongyin Village Bank by Agricultural Bank of China and the implications for the banking sector [1][3]. Group 1: Recent Developments - Agricultural Bank of China has received approval to acquire Zhejiang Yongkang Nongyin Village Bank and establish three branches [1][3]. - This acquisition follows a similar move by Industrial and Commercial Bank of China, which was the first to convert a village bank into a branch earlier this year [6][7]. - The number of village banks controlled by Agricultural Bank of China will decrease from six to five after this acquisition [3]. Group 2: Regulatory Context - The regulatory environment has been increasingly focused on the risks associated with village banks, with over 90 village banks approved for exit this year, surpassing the total from the previous year [7][8]. - The regulatory bodies have emphasized the need for structural reorganization of village banks to mitigate risks and improve governance [7][9]. Group 3: Benefits of Conversion - The conversion of village banks to branches is expected to enhance operational standardization, risk resilience, and business scope through the support of the parent bank [9][10]. - Merging village banks into branches can lead to economies of scale, reducing operational and regulatory costs while improving governance and risk management capabilities [9][10]. - The restructuring is anticipated to accelerate the reduction of village banks, with a focus on enhancing their ability to serve small and micro enterprises and rural areas [9][10].

支持产业帮致富 ■本报记者 曹沛原 金秋迎丰收，瓜果产业旺。时下正值猕猴桃收获季，果农们正忙着采摘、销售，各地一派喜人的秋收景 象。工商银行持续加大涉农领域普惠金融供给，支持农产品稳产丰产、促进农民增收，让"金果果"成为 农户的"致富果"。 金融"及时雨"为史先生解了难题。工行雅安名山支行深入开展"千企万户大走访"活动，通过调研经营情 况与融资需求，为史先生量身定制贷款方案，依托"猕猴桃贷"特色产品为其发放近300万元贷款，有效 支持企业拓展合作农户、扩大种植面积，为史先生的产业扩张注入金融动能。"工行帮助我们'更上一层 楼'，坚定了我继续发展的信心。"史先生对未来斗志满满。 普惠赋能促丰收 金秋时节，在江西宜春奉新县的猕猴桃种植基地，饱满的果实缀满枝头，清香四溢。作为"中国猕猴桃 之乡"，奉新县具有得天独厚的自然条件，猕猴桃种植总面积超10万亩，种植户7000余户，综合年产值 超9亿元。 "得益于今年的好天气，猕猴桃品质格外好，甜度高、果形匀称，市场反响很好。"当地某农业开发公司 负责人涂先生介绍，"我们开发1000余亩土地用于猕猴桃种植，每亩收入可达1.5万元，带动周边200余 户村民的稳定就业。" 为了 ...

Core Viewpoint - The Shenzhen branch of the Industrial and Commercial Bank of China (ICBC) has been fined 11.5 million yuan for multiple regulatory violations related to loan and guarantee business practices [1] Summary by Category Regulatory Actions - The Shenzhen Financial Regulatory Bureau has publicly announced the administrative penalties against ICBC's Shenzhen branch for violations including improper loan and guarantee business practices, exceeding authorized operations, and failure to execute actual loan disbursements [1] Financial Penalties - A total fine of 11.5 million yuan has been imposed on the Shenzhen branch of ICBC [1] - Specific penalties have been issued to responsible individuals, including a lifetime ban from the banking industry for Zhou Jie, and warnings and fines for other staff members ranging from 50,000 yuan to 100,000 yuan [1]

Core Viewpoint - Zhuzhou Qibin Group Co., Ltd. has successfully obtained a stock repurchase special loan commitment letter from the Zhuzhou branch of Industrial and Commercial Bank of China (ICBC), marking an innovative breakthrough in financial services for capital markets and supporting the national policy to invigorate capital markets and boost investor confidence [1][2]. Group 1: Company Overview - Zhuzhou Qibin Group is a leading enterprise in the domestic glass industry, contributing significantly to local economic development [1]. - The company has strategic needs that prompted the Zhuzhou branch of ICBC to initiate a specialized working mechanism to support its financial requirements [1]. Group 2: Financial Services and Support - ICBC Zhuzhou branch recognized the importance of supporting quality listed companies to enhance their resilience through market-oriented methods, which is crucial for the healthy and stable development of capital markets [1]. - The branch organized multiple special meetings to research and deploy tailored financial service plans, demonstrating a high level of collaboration among its provincial, municipal, and branch-level institutions [1]. Group 3: Future Outlook - ICBC Zhuzhou branch plans to continue its commitment to serving the real economy, leveraging its comprehensive financial advantages and professional service capabilities to deepen structural reforms in financial supply [2]. - The branch aims to optimize business processes and enhance service quality, contributing to regional economic transformation and the modernization of China [2].

1. Report Industry Investment Rating No information about the industry investment rating is provided in the report. 2. Core View of the Report The report presents a weekly data tracking of secondary - capital bonds from September 29, 2025, to October 10, 2025, covering primary - market issuance, secondary - market trading, and valuation deviation of individual bonds [1]. 3. Summary by Relevant Catalogs 3.1 Primary - Market Issuance - One new secondary - capital bond was issued in the inter - bank and exchange markets, with a scale of 1.2 billion yuan, a 10 - year term, the issuer being a local state - owned enterprise in Hebei Province with an AA+ credit rating [1]. 3.2 Secondary - Market Trading 3.2.1 Trading Volume - The total weekly trading volume of secondary - capital bonds was approximately 44.5 billion yuan, a decrease of 185.4 billion yuan from the previous week. The top three bonds in terms of trading volume were 22 Industrial and Commercial Bank of China Secondary Capital Bond 04A (1.808 billion yuan), 25 Agricultural Bank of China Secondary Capital Bond 03B(BC) (1.23 billion yuan), and 25 Bank of China Secondary Capital Bond 01BC (1.219 billion yuan) [2]. - By the issuer's region, the top three regions in terms of trading volume were Beijing (about 30 billion yuan), Shanghai (about 4.7 billion yuan), and Zhejiang (about 3.1 billion yuan) [2]. 3.2.2 Yield to Maturity - As of October 10, for 5 - year secondary - capital bonds, the yield - to - maturity changes of AAA -, AA+, and AA - rated bonds compared to the previous week were - 2.57BP, - 4.00BP, and - 2.00BP respectively; for 7 - year bonds, the changes were 0.18BP, 0.84BP, and 0.84BP respectively; for 10 - year bonds, the changes were 3.73BP, 3.74BP, and 3.74BP respectively [2]. 3.3 Valuation Deviation of Top 30 Individual Bonds - The overall valuation deviation of the weekly average trading price of secondary - capital bonds was not significant. The proportion of discount transactions was greater than that of premium transactions, and the discount amplitude was smaller than the premium amplitude. - Among the discount bonds, the top three with the highest discount rates were 24 Sichuan Bank Secondary Capital Bond (- 0.4401%), 23 Hankou Bank Secondary Capital Bond 02 (- 0.4225%), and 22 Ningbo Bank Secondary Capital Bond 01 (- 0.3864%). The implied ratings of ChinaBond were mainly AAA -, AA+, and AA, and the bonds were mostly from Beijing, Shanghai, and Zhejiang [3]. - Among the premium bonds, the top three with the highest premium rates were 24 Yangzhou Rural Commercial Bank Secondary Capital Bond 01 (0.5852%), 25 Mintai Commercial Bank Secondary Capital Bond 01 (0.5313%), and 25 Luzhou Bank Secondary Capital Bond 01 (0.5006%). The implied ratings of ChinaBond were mainly AAA -, AA+, and AA, and the bonds were mostly from Beijing, Zhejiang, and Tianjin [3].

Core Insights - The central clearing company and the interbank lending center launched a centralized bond lending business to enhance market efficiency and liquidity [1][8][11] - The first batch of 78 participating institutions includes a diverse range of banks and financial entities, indicating broad market engagement [2][3][4] Group 1: Business Overview - Centralized bond lending allows borrowing parties to provide collateral while borrowing bonds, with a commitment to return them on a specified date [1] - The new model aims to improve transaction efficiency by acting as a "central trading facilitator" without changing the essence of bond lending [1][9] Group 2: Market Participation - The initial participants include 5 state-owned banks, 7 joint-stock banks, 27 city commercial banks, 1 foreign bank, 15 rural commercial banks, 1 rural credit cooperative, 21 securities companies, and 1 financial leasing company [2][3] - Notable participants include major banks like Industrial and Commercial Bank of China, China Construction Bank, and the only foreign bank, Fubon Bank [2][7] Group 3: Market Impact - The bond pool exceeded 1.3 trillion yuan on the first day, covering various types of bonds, indicating strong initial interest [7] - The centralized lending model is expected to enhance market efficiency, risk management, and standardization of operations [9][10][11] Group 4: Risk Management - The centralized bond lending business introduces a central counterparty mechanism to mitigate credit risk and prevent systemic risk [12] - This model allows for centralized risk management, reducing the impact of any single participant's default on the broader market [12][13] Group 5: Participation Requirements - Eligible participants include financial institutions in the interbank bond market and foreign bank branches, with specific application procedures outlined [13] - Institutions must sign a collateral management service agreement and submit an application to participate in the centralized bond lending business [13]

Core Insights - The Central Securities Depository and Clearing Company and the Interbank Lending Center launched a centralized bond lending business, involving 78 participating institutions from various banking sectors [1][2] Group 1: Business Overview - The centralized bond lending business allows for a bond pool exceeding 1.3 trillion yuan, including various types of bonds such as government bonds, local government bonds, and corporate bonds [1] - The top ten institutions in the bond pool include major banks like Industrial and Commercial Bank of China and China Construction Bank [1] Group 2: Operational Mechanism - The initiative is designed to enhance risk management, improve market efficiency, and increase liquidity in the bond market [2] - It features a standardized lending product, streamlined initiation processes, and automated collateral management to meet the diverse needs of market participants [2]

【#工商银行上调积存金起购点#】工商银行网站11日发布通告，为顺应市场形势变化，我行将对如意金 积存业务"按金额"积存方式的最低投资额进行调整：自北京时间2025年10月13日起，该行如意金积存业 务最低投资额（即积存起点金额）由850元上调至1000元；按克数积存的积存起点仍为1克。 ...

| 4 | 建设银行 | 声誉指数 | 传播指数 | □碑指数 | | --- | --- | --- | --- | --- | | 12 | 国有大型商业银行 | 375 | 443 | 402 | | 5 | 招商银行 | 声誉指数 | 传播指数 | 口碑指数 | | 12 | 股份制商业银行 | 370 | 407 | 385 | | 6 | 交通银行 | 声誉指数 | 传播指数 | 口碑指数 | | 12 | 国有大型商业银行 | 266 | 295 | 278 | | 7 | 兴业银行 | 声誉指数 | 传播指数 | 口碑指数 | | 11 | 股份制商业银行 | 273 | 266 | 270 | | 8 | 中信银行 | 声誉指数 | 传播指数 | 口碑指数 | | 14 | 股份制商业银行 | 252 | 263 | 257 | | 9 | 浦发银行 | 声誉指数 | 传播指数 | 口碑指数 | | | 股份制商业银行 | 246 | 251 | 248 | | 10 | 江苏银行 | 声誉指数 | 传播指数 | 口碑指数 | | 13 | 城市商业银行 | 221 | 273 | 242 ...