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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 POSTAL SAVINGS BANK OF CHINA CO., LTD. 1658 海外監管公告 關於召開2025年第三季度業績發佈會的公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10(B)條作出。如下公 告已於上海證券交易所網站刊登，僅供參閱。 特此公告。 承董事會命 中國郵政儲蓄銀行股份有限公司 杜春野 聯席公司秘書 中國，北京 2025年10月22日 於本公告日期，本行董事會包括董事長及非執行董事鄭國雨先生；執行董事劉建軍先生及姚紅 女士；非執行董事韓文博先生、劉新安先生、張宣波先生、劉瑞鋼先生、胡宇霆先生、丁向明 先生及余明雄先生；獨立非執行董事溫鐵軍先生、鍾瑞明先生、潘英麗女士、唐志宏先生、洪 小源先生及楊勇先生。 * 中國郵政儲蓄銀行股份有限公司並非一家根據銀行業條例（香港法例第155章）之認可機 構，並不受限於香港金融管理局的監督，亦不獲授權在香港經營銀行及╱或接受 ...

转自：推广 邮储银行资中县支行打造"悦读驿站"客户图书角 "原来办业务还能顺便'充电'，孩子看绘本也不闹了，我也能安心办业务了。"一位带孩子办业务的钱女士表示。数据显示，图书角日均接待量稳定在10户左 右，九成受访者给出"非常满意"评价。 等候业务办理的客户在翻阅书籍 邮储银行资中县支行营业部负责人表示，下一步将持续开展"金融知识微课堂""亲子阅读日"等主题活动，持续深化"书香银行"建设，让金融服务更具人文温 度。 来源：推广 为深入践行"金融为民"服务理念，积极响应全民阅读号召，中国邮政储蓄银行资中县支行营业部于2025年10月13日正式启用"悦读驿站"客户图书角，将金融 服务与文化惠民深度融合。截至目前，图书角已累计服务客户超70户，成为网点内广受好评的"文化会客厅"，有效提升了客户等候体验与满意度。 图书角选址于银行营业大厅智能服务区与等候区交界处，与网点原有的"邮爱驿站"便民服务区形成功能互补。空间设计以"温暖、开放、共享"为核心理念， 原木色阶梯式书架搭配绿植与暖光照明，辅以布艺沙发和圆形阅读桌，营造出兼具现代感与书香气息的休闲环境。 在书籍配置上，邮储银行资中县支行营业部充分调研客户需求，推出了" ...

Market Overview - The 180 Low Bei Index closed at 13229.35 points, down 1.2%, with a trading volume of 621.03 billion and a turnover rate of 0.35% [1] - Among the index constituents, 35 stocks rose while 20 stocks fell, with Agricultural Bank leading the gainers at 2.67% and Shandong Gold leading the decliners at 3.04% [1] Key Constituents - The top ten constituents of the 180 Low Bei Index include: - Shandong Gold: 46.26% weight, latest price 37.00, down 3.04%, market cap 1705.67 billion [1] - Agricultural Bank: 5.11% weight, latest price 8.09, up 2.67%, market cap 28313.63 billion [1] - Other notable stocks include Zijin Mining, Postal Savings Bank, and China Nuclear Power, with varying performance [1] Capital Flow - The index constituents experienced a net outflow of 17.22 billion from main funds, while retail investors saw a net inflow of 12.7 billion [1] - Detailed capital flow for key stocks shows significant net inflows for Agricultural Bank and China Nuclear Power, while major banks like Industrial and Commercial Bank and Bank of China faced net outflows [2] ETF Performance - The Gold Stock ETF (product code: 159562) tracks the CSI Hong Kong and Shanghai Gold Industry Index, with a recent five-day decline of 3.62% and a P/E ratio of 24.77 [4] - The ETF's latest share count is 1.34 billion, down by 56 million, with a net inflow of 19.88 million from main funds [4]

Core Insights - The state-owned large bank sector saw an increase of 1.92% on October 22, with Agricultural Bank leading the gains [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Bank Performance - Agricultural Bank (601288) closed at 60.8, up 2.66% with a trading volume of 4.9452 million shares [1] - Industrial and Commercial Bank (601398) closed at 7.76, up 1.57% with a trading volume of 3.8159 million shares [1] - Bank of Communications (601328) closed at 7.14, up 1.56% with a trading volume of 2.1509 million shares [1] - Bank of China (601988) closed at 5.46, up 1.30% with a trading volume of 3.3659 million shares [1] - Postal Savings Bank (601658) closed at 5.73, up 1.06% with a trading volume of 1.6036 million shares [1] - China Construction Bank (601939) closed at 9.38, up 0.97% with a trading volume of 1.1589 million shares [1] Capital Flow - The state-owned large bank sector experienced a net inflow of 443 million yuan from institutional investors, while retail investors saw a net outflow of 315 million yuan [1] - Institutional capital flow details show that Industrial and Commercial Bank had a net inflow of 220 million yuan, while Bank of China had a net inflow of 134 million yuan [2] - Agricultural Bank had a net inflow of 87.35 million yuan from institutional investors, while it faced a net outflow of 38.26 million yuan from retail investors [2]

Core Insights - A-shares of bank stocks have seen significant gains, with Jiangyin Bank rising over 3%, and Agricultural Bank achieving a historical high with a 14-day consecutive increase, up nearly 58% year-to-date [1][2] Summary by Category Stock Performance - Jiangyin Bank: Increased by 3.37%, market cap at 12.8 billion, year-to-date gain of 25.69% [2] - CITIC Bank: Increased by 2.45%, market cap at 441.8 billion, year-to-date gain of 15.95% [2] - Agricultural Bank: Increased by 2.41%, market cap at 282.44 billion, year-to-date gain of 57.91% [2] - Zhangjiagang Bank: Increased by 2.23%, market cap at 11.2 billion, year-to-date gain of 12.29% [2] - Other notable banks include: - Zhejiang Commercial Bank: Increased by 1.97%, market cap at 85.1 billion, year-to-date gain of 11.37% [2] - Su Nong Bank: Increased by 1.92%, market cap at 10.7 billion, year-to-date gain of 15.74% [2] Market Trends - The overall trend indicates a strong bullish sentiment in the banking sector, with MACD golden cross signals suggesting continued upward momentum for these stocks [1]

Core Viewpoint - Postal Savings Bank of China (PSBC) shows a mixed performance in trading and financing activities, with low financing balance and high short-selling volume, indicating potential investor caution and market dynamics [1][2]. Financing Activities - On October 21, PSBC recorded a financing buy-in of 1.09 billion yuan, with a net financing purchase of 1470.94 million yuan, while the total financing and securities lending balance reached 8.69 billion yuan [1]. - The current financing balance of 8.64 billion yuan accounts for 0.23% of the circulating market value, which is below the 20th percentile level over the past year, indicating a low financing level [1]. Short-selling Activities - On the same day, PSBC saw a short-selling repayment of 150,800 shares and a short-selling amount of 76,000 shares, amounting to 43,100 yuan at the closing price [1]. - The remaining short-selling volume stands at 936,100 shares, with a short-selling balance of 5.31 million yuan, which exceeds the 70th percentile level over the past year, indicating a relatively high short-selling position [1]. Company Overview - PSBC, established on March 6, 2007, and listed on December 10, 2019, primarily provides banking and related financial services in China, with a business structure comprising personal banking (65.15%), corporate banking (22.71%), and funding operations (12.10%) [2]. - As of June 30, 2025, PSBC reported a net profit of 49.23 billion yuan, reflecting a year-on-year growth of 0.85% [2]. Shareholder Information - Since its A-share listing, PSBC has distributed a total of 137.80 billion yuan in dividends, with 77.40 billion yuan distributed over the past three years [3]. - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 942 million shares, an increase of 60.83 million shares from the previous period [3].

Core Viewpoint - Insurance capital is actively increasing its holdings in bank stocks, driven by high dividend yields and stable returns, particularly in a low-interest-rate environment [1][3][4]. Group 1: Recent Activities of Insurance Capital - On October 10, Ping An Life increased its holdings in China Merchants Bank H-shares by 2.989 million shares, raising its total to 781 million shares, which accounts for 17% of the bank's H-shares [1]. - On the same day, Ping An purchased 6.416 million shares of Postal Savings Bank, bringing its total holdings to 17.01% [1]. - As of September 30, Ping An Life had acquired 39.634 million shares of Agricultural Bank H-shares, increasing its stake to 17.03%, with total holdings across its subsidiaries exceeding 19% [2]. Group 2: Reasons for Increased Investment in Bank Stocks - The high dividend yields and stable returns of bank stocks make them an ideal choice for insurance capital, especially in a declining interest rate environment [3]. - Regulatory encouragement for insurance capital to enter the market and new accounting standards promoting high-dividend asset allocation are also driving this trend [3]. - Current valuations of bank stocks are at historical lows, providing a favorable investment opportunity with cyclical resilience and policy support [3]. Group 3: Growth in Equity Allocation by Insurance Capital - A joint initiative by six departments aims to guide long-term funds, including insurance capital, to increase their market participation [4]. - As of the second quarter of 2025, the total investment balance of insurance companies exceeded 36 trillion yuan, with stock investments rising by 26.38% year-on-year [4]. - The five major listed insurance companies reported a total stock investment balance of 1.8 trillion yuan by mid-2025, reflecting an increase of over 400 billion yuan from the previous year [4]. Group 4: Market Outlook and Challenges - Insurance capital is expected to benefit from equity investments, enhancing investment returns and optimizing portfolio performance [5]. - However, challenges include the inherent volatility of the stock market, necessitating improved risk management and investment proportion control [5]. - Increased instances of insurance capital acquiring stakes may lead to market discussions regarding their impact [5].

Summary of Key Points Core Viewpoint - In 2023, a total of 118 companies have implemented private placements, raising a cumulative amount of 793.64 billion yuan, indicating a significant trend in capital raising through this method in various sectors [1]. Group 1: Capital Raising Overview - 118 companies have conducted private placements this year, with a total of 130 records and 100.49 billion shares issued, amounting to 793.64 billion yuan raised [1]. - The distribution of raised funds shows that 22 companies from the Shenzhen Main Board raised 39.19 billion yuan, 48 companies from the Shanghai Main Board raised 673.34 billion yuan, 25 companies from the ChiNext raised 36.50 billion yuan, and 23 companies from the Sci-Tech Innovation Board raised 44.61 billion yuan [1]. - The industries with the most companies conducting private placements include electronics (19 companies), power equipment (15 companies), and basic chemicals (12 companies) [1]. Group 2: Fundraising by Industry - The banking sector leads in fundraising, with amounts of 520.00 billion yuan, followed by non-bank financials at 50.68 billion yuan, and electronics at 46.34 billion yuan [1]. - Nine companies raised over 10 billion yuan, with ten companies raising between 5 billion and 10 billion yuan, and 55 companies raising less than 1 billion yuan, including 32 companies that raised less than 500 million yuan [1]. Group 3: Top Fundraising Companies - The top three companies by fundraising amount are: 1. Bank of China: 165.00 billion yuan 2. Postal Savings Bank: 130.00 billion yuan 3. Bank of Communications: 120.00 billion yuan [2][3]. - Other notable companies include China Construction Bank (105.00 billion yuan) and Guolian Minsheng (31.49 billion yuan) [3]. Group 4: Premium and Discount Analysis - Among the private placements, 120 records show a premium over the issuance price, with the highest premium recorded by AVIC (950.74%), followed by Dongshan Precision (511.73%) and Robot (449.52%) [3][4]. - Conversely, 10 records show a discount, with the largest discount from Shen High-Speed (21.52%), followed by AVIC Heavy Machinery (20.55%) and Bank of Communications (17.39%) [5][6].

Core Insights - The introduction of the "Fishing Boat Loan" by Postal Savings Bank has significantly improved the financial situation of local fishermen, enabling them to purchase and repair fishing vessels without the need for traditional collateral [1][2][3] Group 1: Financial Products - The "Fishing Boat Loan" allows fishermen to secure loans up to 1 million yuan for operational expenses and up to 10 million yuan for purchasing new boats, addressing the specific financial needs of the fishing industry [3] - The loan application process has been streamlined, allowing fishermen to apply using only their fishing-related certificates, which facilitates access even during off-seasons [3] Group 2: Fishermen's Needs - Fishermen primarily require funds for three main purposes: purchasing new boats, acquiring fishing gear, and repairing existing vessels [2] - The financial challenges faced by fishermen include high costs for boat registration and maintenance, with small boats costing around 600,000 yuan and larger vessels nearing 4 million yuan [2] Group 3: Impact on Fishermen - The availability of the "Fishing Boat Loan" has led to increased confidence among fishermen, allowing them to operate more effectively and reduce financial stress related to vessel maintenance and purchases [4] - Fishermen like Xue Shulai have reported significant increases in daily earnings due to the ability to operate larger and more efficient vessels, with potential to repay loans within six months [3][4] Group 4: Financial Education and Support - Postal Savings Bank is also focusing on educating fishermen about financial management and risks associated with high-interest loans, aiming to enhance their financial literacy [3] - The bank is working on creating partnerships between fishermen and local businesses to expand market opportunities for their catch [3]

Core Insights - The introduction of the "Fishing Boat Loan" by Postal Savings Bank in Tianjin has significantly improved the financial situation of local fishermen, enabling them to purchase new boats and equipment, thus enhancing their operational capacity [1][2][3]. Group 1: Financial Needs of Fishermen - Fishermen in Tianjin's Binhai New Area primarily require funds for three main purposes: purchasing new boats, acquiring fishing nets, and repairing existing boats [2]. - The cost of small wooden boats is approximately 600,000 yuan, while larger boats can cost nearly 4 million yuan [2]. - Many fishermen face challenges in obtaining bank credit due to insufficient cash flow records, as fishing transactions are often conducted in cash [2]. Group 2: "Fishing Boat Loan" Product Features - The "Fishing Boat Loan" allows fishermen to apply for credit loans under 1 million yuan for operational expenses, while larger loans for boat purchases can reach up to 10 million yuan [3]. - The loan application process has been simplified, requiring only four certificates (inspection certificate, ownership certificate, fishing license, and ship registration certificate) and allowing applications even during the fishing moratorium [3]. - The bank has implemented an online pre-approval and assessment process, enabling fishermen to submit applications via mobile devices, with approvals completed in as little as one week [3]. Group 3: Impact on Fishermen's Operations - Fishermen like Xue Shulai have reported significant increases in daily earnings, with potential sales exceeding 30,000 yuan per day from their fishing activities [3]. - The financial support from the "Fishing Boat Loan" has allowed fishermen to operate with greater confidence, reducing concerns about maintenance and new purchases [4][5]. - The bank is also working to enhance financial literacy among fishermen and facilitate connections with local businesses to expand their market reach [3].