Group 1 - The core viewpoint of the articles indicates that Postal Savings Bank of China has a closing price of 5.66 yuan, down 1.39%, with a rolling PE ratio of 7.92 times and a total market value of 679.738 billion yuan [1] - The bank's industry average PE ratio is 7.30 times, with a median of 6.54 times, placing Postal Savings Bank at the 40th position among its peers [1] - As of the first quarter of 2025, 56 institutions hold shares in Postal Savings Bank, with a total holding of 79.2816 million shares valued at 4.34 billion yuan [1] Group 2 - The main business of Postal Savings Bank includes providing banking and related financial services, with key products being personal banking, corporate banking, and funding services [1] - The latest performance report for the first quarter of 2025 shows the bank achieved operating revenue of 89.363 billion yuan, a year-on-year decrease of 0.07%, and a net profit of 25.246 billion yuan, down 2.62% year-on-year [1] - The PE ratios and market values of other banks in the industry are provided, with the average PE ratio being 7.30 times and the median at 6.54 times, indicating a competitive landscape [2]

Core Viewpoint - The establishment of financial asset investment companies (AIC) by major state-owned banks in China marks a new phase in the market-oriented debt-to-equity swap business, enhancing the financial support for the transformation and upgrading of the real economy [4][11]. Group 1: Development of AIC Companies - On July 16, 2025, China Postal Savings Bank announced the establishment of a financial asset investment company, completing the layout of AICs under the six major state-owned banks [4][11]. - The approval of AICs has surged this year, with several banks including Industrial Bank, CITIC Bank, and China Merchants Bank receiving approval, bringing the total number of AICs in China to nine [3][11]. - The establishment of AICs is a response to the need for market-oriented debt-to-equity swaps, aimed at alleviating financial system pressure and preventing systemic financial risks [6][7]. Group 2: Historical Context and Policy Framework - The inception of AICs can be traced back to 2016, when the Chinese economy faced issues like overcapacity and rising financial risks, prompting the government to implement supply-side structural reforms [6][7]. - The State Council issued guidelines in 2016 to initiate market-oriented debt-to-equity swaps, marking the start of a new round of such initiatives [6][8]. - In 2018, the China Banking and Insurance Regulatory Commission established the legal status and operational scope of AICs, providing a regulatory framework for their development [8]. Group 3: AICs vs. AMCs - AICs primarily focus on market-oriented debt-to-equity swaps, targeting high-debt but potential growth enterprises, while AMCs (Asset Management Companies) are more oriented towards debt recovery [12][14]. - AICs leverage their connections with state-owned banks to access lower-cost funding and identify potential non-performing assets early, emphasizing long-term value recovery [14][15]. - Both AICs and AMCs aim to mitigate financial risks and support the real economy, but they operate in a complementary manner, providing different pathways for asset management [15]. Group 4: Future Prospects - The recent policy changes have expanded the pilot scope for AICs, allowing them to operate in 18 cities and increasing their investment limits, which is expected to drive a new growth cycle for AICs [9][10]. - The financial regulatory authority has confirmed that more commercial banks will be allowed to establish AICs, indicating a significant opportunity for the banking sector to engage in asset management [10][11]. - The parallel development of AICs and AMCs reflects a multi-layered and differentiated approach to financial risk management in China, enhancing the stability of the financial system [15].

一月内7家险资出手 7月25日，弘康人寿买入3038.6万股郑州银行H股，每股均价1.3788港元，持股比例升至10.45%。短短不 到一个月，弘康人寿已耗资逾亿港元买入郑州银行H股，这对于一家小型保险公司来说并非易事。 弘康人寿的投资布局是险资持续入市的一个缩影。据券商中国记者根据公开披露信息不完全统计，一个 月内已有7家险资数度出手买入标的资产，涉及8只股票。 7月1日，利安人寿买入110万股江南水务股票，持有江南水务股票增至4699.54万股，占该上市公司总股 本的比例升至5.03%。 7月3日，信泰人寿通过二级市场买入69.09万股华菱钢铁股票，持有华菱钢铁股票增至3.45亿股，占该上 市公司总股本的比例升至5.00%。同日，信泰人寿以6.7263港元的每股均价买入约3.41亿股龙源电力H股 股票，持股比例从10.03%升至10.27%。 险资入市正在持续推进。 近日，又有两家险资出手。7月25日，弘康人寿买入3038.6万股郑州银行H股，这是弘康人寿6月以来第 四次突破港交所权益变动披露线。7月28日，平安资产以投资经理的身份买入374.25万股招商银行H股， 持有该行H股比例升至16.03%。根据 ...

证券之星消息，8月1日国有大型银行板块较上一交易日上涨0.32%，工商银行领涨。当日上证指数报收 于3559.95，下跌0.37%。深证成指报收于10991.32，下跌0.17%。国有大型银行板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601398 | 工商银行 | 7.62 | 0.79% | 514.59万 | 39.08亿 | | 601288 | 农业银行 | 6.33 | 0.48% | 537.03万 | 34.05亿 | | 656109 | 建设银行 | 9.42 | 0.11% | 135.78万 | 12.76 Z | | 601988 | 中国银行 | 5.55 | 0.00% | 281.52万 | 15.60亿 | | 601328 | 交通银行 | 7.61 | -0.52% | 137.93万 | 10.51亿 | | 601658 | 邮储银行 | 5.66 | -1.39% | 301.90万 | 17.24亿 | | 代码 | 名称 ...

转自：推广 峨眉山市支行在开展日常外拓、信贷客户走访、茶叶市场走访、烟草商户走访时均开展了"阳光信贷"宣 传，提示防范不法中介渗透、骗取融资等相关风险，为客户提供畅通融资咨询办理渠道，得到客户的好 评。 邮储银行乐山市各县区支行在6月阳光信贷活动期间，通过包括阳光信贷承诺书的重温学习、阳光信贷 文化的教育、案件警示教育、现场阳光信贷知识抽问答题，通过主题教育，树立全行员工坚持"公开透 明、诚实守信、以义取利、依法合规、廉洁自律、有效监督、严格惩治"的阳光信贷文化，规范融资业 务阳光操作，主动接受内外部监督，依法打击不法贷款中介渗透和骗取融资，从严整治违法违纪违规行 为，防范欺诈和道德风险，切实保护金融消费者和邮储银行乐山市分行合法权益，持续提升授信业务从 业队伍的纯洁性、专业性和战斗力。 乐山分行将继续深入推进"阳光信贷"活动，不断创新宣传方式和服务模式，持续为广大客户提供更加优 质、透明、便捷的金融服务，助力地方经济发展。 来源：推广 为积极弘扬中国特色金融文化，巩固提升"2025阳光信贷年"活动成效，持续推动阳光信贷文化建设常态 化、制度化、长效化，打造成为邮储银行核心信贷文化，乐山市分行于2025年6月 ...

Core Insights - The Chinese banking industry is at a turning point with the emergence of AI technology, particularly AI Agents, which are set to revolutionize core banking functions such as credit and risk management by significantly enhancing productivity and efficiency [1][3][21] - AI Agents, built on large AI models, can autonomously perform tasks, assist in decision-making, and provide personalized financial services, thereby reducing manual intervention and operational costs [1][3][4] Group 1: AI Agent Implementation and Value - AI Agents are becoming a core focus for banks, with significant investments being made to develop and implement these technologies [4][6] - The core values of AI Agents include improving efficiency through end-to-end automation, enhancing decision-making capabilities, and providing personalized customer experiences [3][21] - Major banks like ICBC and Agricultural Bank of China are leading in financial technology investments, with ICBC planning to spend approximately 28.518 billion yuan in 2024 [6][8] Group 2: Bank-Specific Developments - Agricultural Bank of China has introduced the "Mosu Loan Scoring Card" AI Agent, which can generate credit reports in 30 seconds, significantly speeding up the due diligence process [8] - Postal Savings Bank is rapidly advancing its AI capabilities, achieving over 87.5% automation in alarm troubleshooting through its AI Agents [9] - Other banks, including China Merchants Bank and Ping An Bank, are also developing their own AI Agents to enhance data analysis and customer service [11][12] Group 3: Technology Partnerships - Banks are increasingly collaborating with technology companies to bridge the technological gap and enhance their AI capabilities [13][20] - Major tech players like Baidu, Alibaba, and Tencent are providing comprehensive AI solutions and infrastructure, which are crucial for the successful implementation of AI Agents in banking [14][15] - The partnership between banks and tech companies is essential for unlocking the potential of AI in the financial sector, especially for smaller banks [13][20] Group 4: Challenges and Future Outlook - Despite the rapid development of AI Agents, many banks are still focused on non-core applications, indicating a gap between potential and actual implementation [21][22] - The banking sector requires high accuracy and reliability from AI systems, which currently face challenges such as a 95% accuracy rate in leading financial models [23][24] - The transition to AI-driven banking is a long-term process that necessitates a solid AI strategy and collaboration between banks and technology providers to achieve significant ROI [30][31]

证券之星消息，7月31日国有大型银行板块较上一交易日上涨0.82%，农业银行领涨。当日上证指数报收 于3573.21，下跌1.18%。深证成指报收于11009.77，下跌1.73%。国有大型银行板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 601288 农业银行 | | | 3.73亿 | 11.28% | -1.50 Z | -4.52% | -2.24亿 | -6.76% | | 601398 工商银行 | | | 2.43亿 | 6.71% | -1.12亿 | -3.09% | -1.31亿 | -3.62% | | 601939 建设银行 | | 1.47亿 | | 10.65% | -8645.49万 | -6.27% | -6034.99万 | -4.38% | | 601658 邮储银行 | | | 5712.44万 | 3.67% | -843.68万 | ...

近日，在邮储银行总行、省行交易银行部的大力支持下，在苏研国结及信贷业务平台（对公）项目组的 大力保障下，邮储银行无锡市分行成功落地全国首笔跨境人民币国际证福费廷跨境转卖业务，金额2.4 亿元，实现了国际福费廷业务的新突破。 据了解，福费廷业务是出口信贷的一种特殊形式。核心流程为：在延期付款的大型贸易中，出口商将经 进口商承兑或银行担保的远期汇票、本票等债权凭证，以无追索权方式出售给包买商，从而提前收回货 款。该业务适用于需中长期融资的出口企业，具有帮助其改善现金流，免除收汇不确定性及汇率波动影 响，可提前办理出口退税等优点。 无锡市分行有关负责人表示，该笔业务通过境内外银行二级市场跨境交易，进一步拓宽了跨境人民币贸 易融资应用场景。下一步，无锡市分行将进一步总结经验，梳理流程，加强业务拓展，紧跟政策导向， 推动国际信用证资产交易流转，加强与境内外同业合作深度，创新跨境人民币产品和服务，做大国际证 福费廷业务规模，助推地区国际经济贸易的增效提质，不断释放外贸稳定增长的动力活力。（供稿单 位：邮储银行无锡市分行） ...

Group 1: Pharmaceutical Industry - Warner Pharmaceuticals (688799.SH) has a significant competitive advantage in the bismuth agent segment of the digestive field; the new antidepressant ZG-001 is expected to exceed a peak value of 3.5 billion yuan; ZG-001 is anticipated to iterate on esketamine and has potential for international expansion [2][3] Group 2: New Energy Industry - Putailai (603659.SH) is expected to see a gradual bottom reversal in its lithium battery anode performance; the company’s CVD-deposited silicon-carbon anode has secured small-scale production orders, with Anhui Zicheng planning to commence production in Q2 2025, which is expected to gradually expand in the consumer electronics and drone sectors; the company’s advantages in separators and profitability are expected to continue improving [3] Group 3: Banking Industry - Postal Savings Bank (601658.SH) has seen its controlling shareholder increase holdings to stabilize stock prices; the bank is establishing a company to layout in technology finance, and it offers high dividends while its stock price is overall at a low level [4]

作为定增市场的核心参与者和重要服务提供方，券商正积极把握这一波业务浪潮，迎来多重发展机遇。 一方面，券商通过担任主承销商或财务顾问，直接分享投行业务的增长红利。数据显示，上述76家上市公司中，有62家公布了合计9.04亿元的发行费用，其 中保荐承销费用占比极高。头部券商凭借其专业优势，占据了主导地位。中信证券以21家主承销商（含联席）的数量领跑，中信建投和国泰海通紧随其后， 分别担任了13家和10家公司的主承销商。 在募资规模上，四大国有银行中国银行、邮储银行、交通银行和建设银行成为绝对主力。这四家银行的定增募资金额均超过1000亿元，且目的均为补充流动 资金，合计贡献了市场过半的募资总额。其余72家公司的定增规模则相对较小，主要用于项目融资和资产收购等。 对于定增市场的火爆，深圳市前海排排网基金销售有限责任公司研究员隋东分析指出，这得益于多重利好因素：宏观经济持续复苏增强了企业扩张意愿，战 略投资者认定标准放宽等政策降低了融资门槛，审核流程优化提升了发行效率，定增项目本身展现出的赚钱效应也激发了投资者的参与热情。 券商抢抓机遇，业务模式多元 另一方面，券商也积极以机构投资者身份参与认购，抢占投资先机。截至7 ...