Core Viewpoint - The insurance industry in China has shown resilience and progress in the first half of 2025, with significant growth in asset utilization and premium income, while maintaining a stable solvency capacity [1][10]. Group 1: Asset and Premium Growth - As of the end of Q2 2025, the total investment balance of insurance companies exceeded 36 trillion yuan, reaching 36.23 trillion yuan, a year-on-year increase of 17.4% [2]. - The original insurance premium income for the first half of 2025 was 3.7 trillion yuan, reflecting a growth of 5.1% compared to 2024, indicating a recovery in the life insurance sector [2]. - The number of new insurance policies issued in the first half of 2025 reached 524 billion, marking an 11.1% increase year-on-year [2]. Group 2: Investment Strategies - Bonds remain the primary investment for insurance funds, with a bond investment balance of 17.87 trillion yuan as of Q2 2025, where life insurance companies hold 16.92 trillion yuan, accounting for 51.9% of their total investments [3]. - Stock investments have also gained traction, with insurance companies' stock investments surpassing 3 trillion yuan, showing a quarterly increase of 8.9% [3]. - The shift towards equity investments is seen as a long-term strategic choice, driven by the need for higher returns in a low-interest-rate environment [3][4]. Group 3: Claims and Coverage - Claims and benefits paid by insurance companies reached 1.3 trillion yuan in the first half of 2025, a 9% increase, indicating a deepening of the insurance protection function [5]. - Health insurance and long-term care insurance have emerged as the main contributors to claims growth, driven by an aging population and rising healthcare costs [6]. - The insurance industry has demonstrated its commitment to social responsibility through rapid response to claims during natural disasters, showcasing its role in public welfare [7]. Group 4: Solvency and Regulatory Environment - The overall solvency adequacy ratio for the insurance industry was 204.5% at the end of Q2 2025, significantly above regulatory requirements [8]. - Among 60 life insurance companies, six maintained an AAA rating, with solvency ratios exceeding 200%, indicating strong capital strength and risk management capabilities [8]. - The regulatory environment remains challenging, with some smaller companies facing solvency pressures, necessitating improvements in capital management and risk strategies [10].

同样受益于邮储银行信贷支持的还有位于朔州市应县经济技术开发区的山西华伟陶瓷科技有限公司（以 下简称"华伟陶瓷"）。据悉，该公司主要生产新型陶瓷产品——超薄岩板大板。这种由特殊工艺加工出 的产品可以大规模替代天然石材、木材、人造石材、玻璃、金属等。 ■本报记者 王磊 山西省朔州市拥有储量丰富、品位极高的陶瓷原料——高岭土，有着始于春秋战国的悠久瓷器生产史。 如今，陶瓷产业已成为朔州高质量发展的支柱产业。 为全面支持朔州陶瓷制造业提质升级，邮储银行朔州市分行不断优化金融举措，丰富金融产品，根据企 业特点和发展需求开展定制化服务，降低企业融资成本，提高企业融资积极性，为地方特色产业高质量 发展注入源源不断的金融"活水"，助力朔州陶瓷产业焕发新生。 走进朔州怀仁市亿家亲陶瓷有限责任公司（以下简称"亿家亲陶瓷"）的生产车间，工人们正在有条不紊 地操控设备、检验产品，一条条生产线高速运转，一件件陶瓷制品经过制模、成型、干燥、施釉等程 序，最终制成成品。 公司总经理刘敏告诉《农村金融时报》记者，公司以生产各种日用瓷、酒店用瓷为主，生产的瓷器透光 度高、釉面光泽度好。投产以来，依靠质量和信誉赢得了众多客户，逐步成为当地行业标 ...

■本报记者 郝飞 在"双碳"目标背景下，邮储银行积极落实政策，优化绿色金融服务，助力零碳园区建设。 支持示范区零碳园区建设 长沙临空经济示范区通过系统性低碳技术创新，实现能源结构重塑。目前，示范区已建成20MW分布式 光伏发电系统，覆盖80%厂房屋顶，年减排二氧化碳约1.8万吨。长沙黄花综合保税区是示范区的核心 区域，采用"光储充"一体化系统，配套储能电站实现绿电占比超60%。上述示范区在进一步深化零碳园 区建设过程中，存在大量资金需求。 持续优化绿色金融服务 沪苏零碳数字产业园项目位于苏州常熟市昆承湖沪苏协同创新发展示范区，地处长三角一体化核心区 域，是响应国家"双碳"目标、推动绿色低碳技术与数字经济融合的标杆项目。该项目在土建工程、机电 工程、公用工程等建设方面都需要大额连续的资金支持。 邮储银行江苏省分行结合该项目"零碳+数字"双特色，构建"精准对接+灵活适配"服务模式，主动对接项 目建设单位——常熟昆承产业发展有限公司，深入了解该项目在绿色建筑、光伏应用、智慧能源管理等 方面的资金需求，并制定差异化融资方案。 同时，邮储银行江苏省分行联动行内绿色金融专业团队，高效完成了授信审批与贷款投放，确保资金及 ...

Group 1 - The core theme of the event is "Embracing AI Technology Transformation, Serving the Real Economy - Enhancing Financial Quality and Efficiency to Support High-Quality Economic Development" [3][10] - The event will feature the release of the "China Banking Industry Top 200 Ranking" and "Outstanding Cases of Innovation in the Banking Industry," providing insights into the latest industry trends and best practices [5] - The event aims to create a multi-dimensional communication platform for the banking industry, facilitating cross-sector collaboration and innovative synergy [4] Group 2 - The event will gather top experts from policy regulation, senior bankers, and scholars in banking research to deeply interpret and discuss pressing domestic and international topics in the banking sector [6] - There will be in-depth discussions on banking operational logic, focusing on five key areas: fintech, green finance, inclusive finance, pension finance, and digital finance, to derive practical methodologies for serving national strategic initiatives [7] - The event will include expert insights on the application, challenges, and future landscape of artificial intelligence in core banking scenarios such as risk control, marketing, operations, and product innovation [8] Group 3 - The event is organized by Tsinghua University Wudaokou School of Finance and will take place on August 28, 2025, in Beijing [10][12] - A diverse range of banking institutions will participate, including policy banks, state-owned commercial banks, joint-stock commercial banks, city commercial banks, rural commercial banks, foreign banks, and private banks [12] - The agenda includes keynote speeches, high-level dialogues, and thematic forums, culminating in the award ceremony for the "Outstanding Cases of Innovation in the Banking Industry" and the "Tsinghua Financial Review Zijing Award" [13]

Report Industry Investment Rating - The document does not mention the industry investment rating. Core Viewpoints - This week (20250818 - 20250822), there were no new secondary capital bonds issued in the inter - bank and exchange markets. As of August 22, 2025, the outstanding balance of secondary capital bonds reached 46,753.85 billion yuan, a decrease of 30.0 billion yuan from the previous weekend (20250815) [1]. - The total trading volume of secondary capital bonds this week was approximately 216.2 billion yuan, an increase of 54.5 billion yuan from last week. The top three trading volume bonds were 25 Industrial and Commercial Bank of China Secondary Capital Bond 02BC (11.698 billion yuan), 25 Industrial and Commercial Bank of China Secondary Capital Bond 01BC (11.037 billion yuan), and 25 Bank of China Secondary Capital Bond 01BC (10.012 billion yuan). In terms of the issuer's region, the top three in trading volume were Beijing, Shanghai, and Guangdong, with approximately 173.3 billion yuan, 15.3 billion yuan, and 6.7 billion yuan respectively. Regarding the yield to maturity, as of August 22, the yield to maturity of 5Y secondary capital bonds with ratings of AAA -, AA +, and AA increased by 6.73BP, 7.65BP, and 6.65BP respectively compared to last week; for 7Y secondary capital bonds, the corresponding increases were 7.07BP, 8.14BP, and 5.14BP; for 10Y secondary capital bonds, the increases were 6.69BP, 5.13BP, and 2.13BP [2]. - This week, the overall deviation of the weekly average trading price valuation of secondary capital bonds was not large. The proportion of discount transactions was less than that of premium transactions, but the discount amplitude was greater than the premium amplitude. Among the discount bonds, the top three discount rates were for 21 Changchun Development Rural Commercial Secondary (- 21.5075%), 21 Jiutai Rural Commercial Secondary (- 21.4869%), and 22 Great Wall Huaxi Secondary Capital Bond 01 (- 0.4696%). Among the premium bonds, the top four premium rates were for 24 Shanghai Pufa Bank Secondary Capital Bond 02B (0.4943%), 23 Hankou Bank Secondary Capital Bond 02 (0.4546%), 23 Postal Savings Bank of China Secondary Capital Bond 01 (0.4059%), and 21 China Construction Bank Secondary 02 (0.3893%) [3]. Summary by Relevant Catalogs Primary Market Issuance and Outstanding Balance - No new secondary capital bonds were issued in the inter - bank and exchange markets this week (20250818 - 20250822). As of August 22, 2025, the outstanding balance of secondary capital bonds was 46,753.85 billion yuan, down 30.0 billion yuan from the previous weekend (20250815) [1]. Secondary Market Trading - The total trading volume of secondary capital bonds this week was about 216.2 billion yuan, up 54.5 billion yuan from last week. The top three trading volume bonds were 25 Industrial and Commercial Bank of China Secondary Capital Bond 02BC, 25 Industrial and Commercial Bank of China Secondary Capital Bond 01BC, and 25 Bank of China Secondary Capital Bond 01BC. By issuer's region, Beijing, Shanghai, and Guangdong had the highest trading volumes [2]. - As of August 22, the yield to maturity of 5Y secondary capital bonds with ratings of AAA -, AA +, and AA increased by 6.73BP, 7.65BP, and 6.65BP respectively compared to last week; for 7Y, the increases were 7.07BP, 8.14BP, and 5.14BP; for 10Y, the increases were 6.69BP, 5.13BP, and 2.13BP [2]. Top Thirty Individual Bonds by Valuation Deviation - The overall valuation deviation of secondary capital bonds this week was not large. The proportion of discount transactions was less than that of premium transactions, but the discount amplitude was greater. The top three discount - rate bonds were 21 Changchun Development Rural Commercial Secondary, 21 Jiutai Rural Commercial Secondary, and 22 Great Wall Huaxi Secondary Capital Bond 01. The top four premium - rate bonds were 24 Shanghai Pufa Bank Secondary Capital Bond 02B, 23 Hankou Bank Secondary Capital Bond 02, 23 Postal Savings Bank of China Secondary Capital Bond 01, and 21 China Construction Bank Secondary 02 [3].

本文源自：金融界 作者：情报员 金融界2025年8月23日消息，国家知识产权局信息显示，中国邮政储蓄银行股份有限公司取得一项名 为"服务的初始化方法、服务的初始化装置和电子设备"的专利，授权公告号CN116248499B，申请日期 为2022年12月。 天眼查资料显示，中国邮政储蓄银行股份有限公司，成立于2007年，位于北京市，是一家以从事货币金 融服务为主的企业。企业注册资本9916107.6038万人民币。通过天眼查大数据分析，中国邮政储蓄银行 股份有限公司共对外投资了29家企业，参与招投标项目5000次，财产线索方面有商标信息1214条，专利 信息943条，此外企业还拥有行政许可99个。 ...

专利摘要显示，本申请提供了一种待评估对象投资风险等级的确定方法、装置、介质和程序，该方法包 括：确定待评估对象所属的行业为目标行业，确定目标行业对应的财务模型；将待评估对象的财务指标 数据输入Bootstrap模型、固定效应模型以及K近邻模型并运行，以分别得到第一结果数据、第二结果数 据及第三结果数据；根据第一结果数据、第二结果数据以及第三结果数据，确定财务指标模型值，根据 财务指标模型值计算待评估对象在各项财务指标数据对应的财务指标下的得分，以得到待评估对象的最 终评分，并采用最终评分对待评估对象的财务状况进行评估。本申请解决了现有技术中财务状况的评估 采用模型单一、未考虑行业差异，导致对待评估对象的投资风险提高。 天眼查资料显示，中国邮政储蓄银行股份有限公司，成立于2007年，位于北京市，是一家以从事货币金 融服务为主的企业。企业注册资本9916107.6038万人民币。通过天眼查大数据分析，中国邮政储蓄银行 股份有限公司共对外投资了30家企业，参与招投标项目5000次，财产线索方面有商标信息1214条，专利 信息943条，此外企业还拥有行政许可99个。 本文源自：金融界 金融界2025年8月23日消息， ...

Group 1 - The core viewpoint of the news is that Postal Savings Bank has seen a steady increase in financing buy-ins over the recent trading days, indicating growing investor interest [1][2]. - On August 22, Postal Savings Bank recorded a financing buy-in amount of 1.04 billion yuan, ranking 306th in the two markets, with a net buy of 750,000 yuan [1]. - Over the last three trading days (August 20-22), the financing buy-ins were 960 million yuan, 980 million yuan, and 1.04 billion yuan respectively, showing a consistent upward trend [2]. Group 2 - In terms of securities lending, on August 22, 43,900 shares were sold short, while 183,900 shares were net bought, indicating a positive sentiment among investors [3].

Core Viewpoint - The financial sector in Tibet has significantly contributed to the region's economic development and stability, aligning with national strategies and local needs, while focusing on high-quality growth and ecological protection [2][6]. Group 1: Economic Growth and Financial Support - Tibet's GDP reached 138.27 billion yuan in the first half of 2025, with a year-on-year growth of 7.2%, and is projected to reach 276.5 billion yuan in 2024, marking a 155-fold increase since 1965 [2]. - Agricultural Bank of China (601288.SH) has provided a total of 717.4 billion yuan in loans to local entities over 30 years, supporting major infrastructure projects like the Sichuan-Tibet Railway [3]. - China Bank (601988.SH) has established 33 branches in Tibet, with deposits exceeding 55 billion yuan and loans surpassing 75 billion yuan, playing a crucial role in the region's financial landscape [3]. Group 2: Inclusive Financial Services - The Agricultural Development Bank of China has issued 126.4 billion yuan in loans over 13 years, covering over 90% of counties in Tibet, significantly contributing to rural revitalization [4]. - China Life Insurance (601628.SH) has launched 28 inclusive insurance products, covering over 1.51 million people, and aims to build a multi-layered protection network in Tibet [5]. Group 3: Environmental and Innovative Financial Solutions - Industrial and Commercial Bank of China (601398.SH) has issued 18.07 billion yuan in green loans since the 14th Five-Year Plan, with a balance of 22.48 billion yuan, reflecting a growth rate of over 20% [5]. - China Life Property & Casualty Insurance has introduced insurance for ancient trees, providing 1 million yuan in risk coverage for five ancient trees in Tibet, marking the region's first such insurance [5]. Group 4: Policy and Strategic Initiatives - The Tibet Financial Regulatory Bureau has implemented the "Financial Strong Border and Enriching People Three-Year Action Plan (2025-2027)" to enhance financial services in border areas, aiming for 70% coverage of township financial institutions by 2027 [6][7]. - The Postal Savings Bank (601658.SH) plans to provide at least 200 billion yuan in financing over the next five years, focusing on various integration initiatives to support Tibet's economic development [8][9].

Core Viewpoint - The China Securities Index for Hong Kong-listed tradable mainland banks has shown a mixed performance, with a recent decline over the past month but an overall increase year-to-date [1]. Group 1: Index Performance - The HKT Mainland Bank Index is reported at 1183.60 points, having decreased by 4.99% over the past month, increased by 4.64% over the past three months, and risen by 17.74% year-to-date [1]. - The index is part of a series that includes HKT Hong Kong Real Estate, HKT Mainland Consumption, and HKT Mainland Banks, reflecting the overall performance of related securities in the Hong Kong market [1]. Group 2: Index Composition - The top ten holdings in the HKT Mainland Bank Index are as follows: China Construction Bank (31.15%), Industrial and Commercial Bank of China (24.07%), Bank of China (17.23%), China Merchants Bank (10.32%), Agricultural Bank of China (7.87%), CITIC Bank (3.5%), Postal Savings Bank of China (2.56%), Minsheng Bank (1.4%), Chongqing Rural Commercial Bank (0.71%), and China Everbright Bank (0.64%) [1]. - The index is exclusively composed of financial sector stocks, with a 100% representation from this industry [3]. Group 3: Index Adjustment Mechanism - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day following the second Friday of June and December each year [3]. - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [3].