更快、更轻、更稳 邮储银行数智化硬核跃迁 中国经营报 本 文 摘 要 新一代资金业务核心系统实现100%国产化部署，单笔交易审批效率提升97%；智能外呼上半年引导3000亿元信贷精准流向民生领域；230余项大模型应用覆盖业务全场景……邮储银行用一组组数 近日，邮储银行发布公告称，将吸收合并下属全资子公司中邮邮惠万家银行有限责任公司。而此次整合将进一步强化邮储银行的资源集约利用，推动技术、数据与业务场景的深度融合，并从夯实 在金融科技竞争进入"深水区"的2025年，邮储银行正以国产化核心系统为底座、以全域数据资产为血液、以人工智能技术为中枢，实现从"技术支撑"到"科技引领"的跃升，探索出一条契合国家 01 科技底座革命：从"可用"到"自主可控" 在核心技术自主可控的战略指引下，邮储银行率先完成第三代资金业务核心系统的国产化部署。继新一代个人、公司和信用卡三大核心系统全面升级后，邮储银行完成第三代资金业务核心系统首 新一代系统上线后，邮储银行实现了"更快"——系统负载峰值提升超10倍、单笔交易审批用时减少97%、日终跑批时间缩短90%，为全行数万亿资金业务资产稳健运行筑牢安全防线。 这一突破深度契合国家战略导向。 ...

Group 1 - Guangdong Wanjiahong Stainless Steel Products Co., Ltd. is a leading enterprise in the domestic stainless steel decoration sector, facing challenges due to rising raw material prices and increased order volumes, necessitating timely fund allocation to ensure production continuity and on-time delivery of orders [2] - Postal Savings Bank's Taishan branch provided a loan of 5 million yuan to Wanjiahong within 72 hours through an online cluster loan model, which operates without paper materials and offers a lower annual interest rate compared to the market average [2] - The funding alleviated immediate production challenges and boosted the company's confidence in achieving its development goals [2] Group 2 - Enping Hongxing Aluminum Industry Co., Ltd. is a leading enterprise in the aluminum profile industry, which is becoming a key driver for local industrial revitalization, but it faces challenges such as high R&D costs, long payment cycles, and difficulties in light asset financing [4] - Since 2011, Postal Savings Bank's Jiangmen branch has established a cooperative relationship with Hongxing Aluminum, providing a "Science and Technology Loan" of 33.94 million yuan in 2025, which is suitable for companies with significant R&D investments [5] - Jiangmen Lifeng Electric Motor Co., Ltd., a high-tech enterprise focused on developing energy-saving and environmentally friendly motors and generators, received personalized financial service solutions from Postal Savings Bank's Jiangmen urban branch, which actively engaged with the company to understand its operational status and development plans [5][7] Group 3 - Postal Savings Bank's Jiangmen branch is actively responding to the "Industrial Revitalization" initiative in Jiangmen, focusing on the intelligent and green transformation of the manufacturing sector, and integrating finance, technology, and manufacturing to provide continuous financial support for the local private economy [7]

9月25日，工商银行、农业银行、中国银行、建设银行、交通银行集体发布公告，宣布公司 章程修订获监管核准，自核准之日起不再设立监事会，由董事会审计委员会依法承接监事会 职权。 交通银行同样发布相关公告，自2025年9月25日起不再设立监事会，由董事会审计委员会行 使监事会相关职权。现任监事王学庆、苏治、林至红、丰冰、颇颖不再担任监事及监事会相 关职务。 邮储银行也于近日发布公告表示，监事长、股东代表监事陈跃军到龄辞任。该行2025年第二 次临时股东大会会议资料显示，拟不再设立监事会及下设专门委员会，自公司章程获国家金 融监督管理总局核准之日起生效。 据不完全统计，目前已有20逾家银行披露公司治理架构改革计划，有银行已宣布监事团队人 员调整。业内人士认为，银行裁撤监事会有助于提升银行治理效率、精简公司治理结构、权 责更加清晰，同时也要防范监督独立性风险。 五家国有银行集体官宣取消监事会 邮储银行监事长日前已辞任 9月25日，国有五大行集体发布公告，宣布公司章程修订获核准以及不再设立监事会，由董 事会审计委员会依法承接监事会职权。 工商银行公告称，近日收到《国家金融监督管理总局关于工商银行修改公司章程的批复》。 自 ...

Core Viewpoint - The bond market is experiencing intensified volatility and challenges, with banks facing difficulties in bond investments and adjusting their strategies accordingly [1][3][4]. Group 1: Market Conditions - The bond market is currently in a state of wide fluctuations, with the ten-year government bond yield oscillating between 1.85% and 1.9%, reflecting increased volatility [3]. - After the implementation of new tax regulations on bond interest, the attractiveness of bonds has decreased, leading to a potential reallocation of assets towards equities and other investments [2]. - In August, the trading volume of bonds declined significantly, with state-owned banks trading approximately 3.568 trillion yuan and joint-stock banks trading about 11.232 trillion yuan, marking a drop from previous months [2]. Group 2: Bank Performance - In the first half of the year, over 80% of A-share listed banks reported positive growth in investment income, with an average increase exceeding 45%, primarily driven by the realization of bond floating profits [5][6]. - Notably, the China Construction Bank achieved an investment income of 27.912 billion yuan, with a year-on-year growth exceeding 200%, significantly contributing to its revenue [6]. - However, many banks are experiencing a decline in non-interest income due to the challenging market conditions, with some reporting negative growth [4]. Group 3: Investment Strategies - Banks are adjusting their investment strategies in response to the volatile bond market, focusing on wave trading and increasing the use of derivative instruments for hedging [9][10]. - The Postal Savings Bank has adopted a more flexible asset-liability strategy, actively expanding its balance sheet to capture income opportunities amid market fluctuations [9]. - The overall sentiment among bank executives is cautious regarding the sustainability of investment income growth in the second half of the year [3][4].

Investment Rating - The report maintains a recommendation for the banking industry [3] Core Insights - The report provides a comprehensive analysis of the asset-liability structure and interest margin changes of 42 A-share listed banks during the "14th Five-Year Plan" period, highlighting a shift towards corporate loans on the asset side and a stronger retail focus on the liability side [12][14] - The asset-liability structure indicates a significant increase in the proportion of corporate loans, rising from 57.02% to 63.22% from the end of 2020 to mid-2025, while the proportion of demand deposits decreased from 41.94% to 30% [12][14] - The report notes a decline in both asset yield and interest margin, with the yield on interest-earning assets dropping from 4.43% to 3.32% and the net interest margin decreasing from 2.23% to 1.53% during the same period [14][15] Summary by Sections Overall Asset-Liability Structure and Interest Margin Changes - The asset-liability structure shows an increase in loan-to-earning asset ratio from 54.19% to 56.49%, with corporate loans making up a larger share of total loans [14][15] - The average yield on interest-earning assets decreased significantly, with the loan yield falling from 5.34% to 3.82% [15] - The net interest margin for listed banks remains higher than that of commercial banks, despite a decline [14][15] Changes in Each Banking Sector's Asset-Liability Structure and Interest Margin - City commercial banks experienced a more significant increase in the proportion of corporate loans, with their interest margin narrowing less compared to other banks [18] - The report highlights that the proportion of deposits in interest-bearing liabilities for state-owned banks decreased, while it increased for rural commercial banks [18] - The decline in interest-bearing liabilities' cost rate was most pronounced in city commercial banks, leading to a smaller reduction in their interest margin [18]

Core Viewpoint - China Postal Savings Bank (Postal Bank) announced the absorption and merger of its wholly-owned subsidiary, Postal Huinong Bank, which will lead to the cancellation of the latter's independent legal status and the transfer of all its business, assets, and obligations to Postal Bank [2][8] Group 1: Merger Details - The merger will not affect the rights and obligations of Postal Huinong Bank's customers, and all existing contracts will remain valid [2][8] - Postal Huinong Bank's financial statements have been fully consolidated into Postal Bank's reports, indicating no substantial impact on Postal Bank's financial status or operational results [2][8][9] Group 2: Strategic Rationale - The merger aims to integrate Postal Huinong Bank's online operational experience into Postal Bank's broader development strategy, enhancing its online business capabilities [5][13] - The consolidation is expected to optimize resource allocation, inject new momentum into Postal Bank's development, and reduce management costs [13] Group 3: Industry Context - The merger reflects a broader trend in the banking industry towards digital transformation and the integration of direct banks into larger banking operations, as many banks have begun to merge or close their direct banking services [10][11] - The independent value of direct banks has diminished due to challenges such as product homogeneity and high customer acquisition costs, leading to a shift towards integrated banking services [11][12] Group 4: Performance Metrics - Since its establishment, Postal Huinong Bank has achieved significant growth, with total assets reaching 12 billion yuan and deposits growing at an annual rate of 120% [8]

Core Viewpoint - Postal Savings Bank of China (PSBC) has swiftly activated its emergency response mechanism following a 5.6 magnitude earthquake in Longxi County, Dingxi City, Gansu Province, to ensure financial services and support for disaster relief efforts [1][2]. Group 1: Emergency Response - PSBC promptly organized a special task force to manage disaster relief efforts, coordinating with its Dingxi City branch and Longxi County sub-branch [1]. - The Dingxi City branch held an emergency meeting to assess the disaster situation and ensure financial emergency services were in place [1]. - The Longxi County sub-branch opened "green" windows and channels to guarantee uninterrupted financial services, facilitating cash withdrawals, transfers, and other urgent financial needs [1]. Group 2: Community Support - The Longxi County sub-branch's customer managers conducted assessments of credit clients' disaster situations, providing immediate financial assistance based on their needs [2]. - PSBC's staff actively engaged in community outreach, collaborating with local government and rescue teams to understand the extent of damage and provide necessary support to affected residents [2]. - The bank plans to continue its financial service support in the disaster area, coordinating efforts across provincial, municipal, and county levels to assist clients in resuming normal operations and support post-disaster reconstruction [2].

Core Viewpoint - Major banks in China have decided to abolish their supervisory boards, transferring their functions to the audit committee of the board of directors, which is seen as a move to optimize corporate governance and reduce costs [7][8][9] Group 1: Decision and Implementation - The five major banks have announced that they will no longer establish supervisory boards, a decision approved at the 2024 annual general meeting held on June 27, 2025, and recently sanctioned by the National Financial Regulatory Administration [7] - Postal Savings Bank has also proposed to abolish its supervisory board and related committees, with the audit committee of the board taking over these responsibilities, pending shareholder approval [8] Group 2: Rationale and Expert Opinions - Industry experts suggest that the functions of supervisory boards overlap with those of the audit committee, particularly the independent directors, making the abolition a strategic choice to enhance governance flexibility and efficiency [8] - The decision to eliminate supervisory boards is viewed as a way to maintain effective corporate governance while lowering governance costs, according to a leading expert from the Shanghai Financial and Development Laboratory [8] Group 3: Regulatory Framework - The revised Company Law allows companies to establish audit committees within the board of directors to perform the functions of supervisory boards, a change that has been recognized by the National Financial Regulatory Administration [9] - Besides the six major banks, several other national joint-stock banks and local commercial banks have also announced the abolition of their supervisory boards [9]

Group 1 - Postal Savings Bank of China in Heilongjiang Province actively responds to and implements the national personal consumption loan interest subsidy policy, conducting thorough pre-policy coordination and post-implementation efforts [1] - The bank has organized various marketing activities such as "Tuo Hai Action," "Respecting Teachers and Benefiting Teachers," and "Rural Postal Vehicle Purchase Season" to promote the interest subsidy policy and facilitate loan processing [1] - As of September 25, the bank has issued 409 personal consumption loans under the interest subsidy policy, totaling 67.2617 million yuan, including 122 comprehensive loans amounting to 9.287 million yuan and 287 auto loans amounting to 57.9747 million yuan [1] Group 2 - The first personal consumption loan under the interest subsidy policy was successfully issued on September 1, with a notable case being a 220,000 yuan auto loan for a resident in Harbin, who expressed satisfaction with the financial support [1] - The customer manager at the bank provided comprehensive service, including policy explanation, loan processing, and post-loan support, which received high praise from the customer [2]

Group 1 - Postal Savings Bank of China (PSBC) provided home service to activate a social security card for a client with mobility issues, demonstrating their commitment to customer-centric service [1][3] - The initiative was prompted by a family member's request for assistance, highlighting the bank's responsiveness to unique customer needs [1][3] - The service team faced logistical challenges, including difficult terrain, to ensure the client received necessary financial services [1][3] Group 2 - The successful activation of the social security card not only resolved a financial issue but also showcased the bank's deep concern for the needs of special groups [3] - The bank's actions reflect its commitment to making financial services accessible, transcending geographical barriers to provide warmth and support to clients [3]