Group 1 - The core viewpoint emphasizes the importance of the Party's leadership in ensuring effective economic work, with a focus on enhancing political judgment, understanding, and execution within the Postal Savings Bank [2] - The bank is tasked with aligning its operations with the central government's economic strategies, particularly the "eight key tasks" for the upcoming year, while planning for the 2026 and "14th Five-Year" period [2][3] Group 2 - The Postal Savings Bank is required to maintain its core responsibilities and strengths in retail banking, while also developing a second growth curve to meet diverse financial needs of the public and the real economy [3] - The bank will support initiatives aimed at expanding domestic demand and boosting consumption, including increasing the issuance of consumer loans [3] - There is a focus on optimizing financial supply in key areas, enhancing the financial service system to support technological innovation, regional coordination, and green transformation [3] - The bank is also expected to improve risk management systems to ensure high-quality development while effectively preventing and mitigating risks in critical areas [3]

Core Viewpoint - The banking sector has entered a stage of high-quality development, with a focus on high dividend investments and stable growth in profits and revenues expected through 2026 [2][3][4]. Group 1: Banking Sector Performance - The expected revenue growth for listed banks in 2026 and 2027 is +2.5% and +3.6% respectively, while net profit growth is projected at +1.9% and +2.6% [2]. - Factors contributing to improved revenue and profit growth include narrowing net interest margin pressure, quality-focused credit issuance, and stabilization of fee income growth after several years of reductions [2][4]. - The net non-performing loan generation rate is expected to stabilize or slightly decline, with retail and corporate sectors showing different trends in risk exposure [4][25]. Group 2: Credit and Financing Trends - The demand for credit is expected to slow slightly by 2026, with a shift in the structure of new social financing reflecting changes in customer needs and regulatory impacts [3][4]. - The government and state-owned enterprises are becoming significant contributors to leverage, influencing the structure of new social financing and the banks' balance sheets [3]. Group 3: Market Dynamics and Regulatory Environment - The banking industry is experiencing a reduction in the number of licenses, indicating accelerated supply-side reforms and improved competitive dynamics [4][22]. - Regulatory policies are evolving, with a focus on enhancing the quality of service rather than merely increasing customer numbers, particularly in inclusive finance [3][4]. Group 4: Financial Metrics and Projections - The net interest margin is projected to narrow by 6 basis points in 2026, with a balanced structure of volume and price being crucial for achieving high-quality financial metrics [4][16]. - The total assets of banks are expected to grow at a rate of 7.8% YoY, with net profit growth rates showing a gradual increase from 12.6% to 2.6% over the forecast period [12][16].

Group 1 - The company has signed a sales agreement with Jinshan Bank to sell certain funds starting from December 17, 2025 [1] - The sales process, opening status, handling time, methods, and fee discounts will be determined by Jinshan Bank [1] - Investors can inquire about details through the company's customer service [3] Group 2 - The company has also signed a sales agreement with China Postal Savings Bank to sell certain funds through the "You Ni Tong Ying" platform starting from December 17, 2025 [6] - Similar to the agreement with Jinshan Bank, the sales process and fee discounts will be based on the platform's arrangements [6] - Investors can consult details through the customer service of China Postal Savings Bank [8] Group 3 - The company has entered into a sales agreement with Shanxi Securities to sell the "Jingshun Changcheng Jingying Shuangli Bond Fund" starting from December 17, 2025 [10] - The sales process and fee discounts will be determined by Shanxi Securities [10] - Investors can inquire about details through the customer service of Shanxi Securities [13] Group 4 - The company has appointed Wang Gaobin as an assistant fund manager for two specific funds, effective immediately [16] - Wang Gaobin holds a master's degree in economics and has 7 years of experience in the securities and fund industry [17]

Core Insights - Tianhong Electric Technology Co., Ltd. has rapidly grown since its establishment in 2019, achieving an annual output value of 700 million yuan, supported by 19 million yuan in credit from Postal Savings Bank [1][2] Financial Support and Partnership - Tianhong Electric has a deep partnership with Postal Savings Bank, with an annual transaction amount exceeding 500 million yuan and multiple accounts established for margin and foreign exchange [2] - The financial services provided by Postal Savings Bank have been crucial for Tianhong Electric, particularly in securing funds for raw material procurement and fulfilling large orders [2] Production Capacity and Workforce - The company operates a modern production facility covering 80,000 square meters and employs over 380 staff, including more than 50 technical professionals [2] - Tianhong Electric's product range includes various power equipment, with specific production capacities such as 240,000 kVA for 220kV oil transformers (10 units annually), 20 units for 110kV transformers, and 10,000 units for 35kV/10kV transformers [2] International Expansion Strategy - Tianhong Electric is accelerating its internationalization strategy, planning to establish a bonded warehouse in Kazakhstan and an assembly plant in Indonesia, while also developing photovoltaic-specific transformers for the Middle East [2] - Postal Savings Bank aims to support Tianhong Electric's international market expansion through a comprehensive suite of services, including cross-border settlement and trade financing [2] Digital Transformation Initiatives - The company plans to build a cross-border e-commerce platform for power equipment and develop an intelligent quotation system that automatically matches grid parameters for 43 countries [2] - Postal Savings Bank will provide digital financial services to support Tianhong Electric's digital transformation, utilizing big data analysis for precise financing and risk management solutions [2]

Core Insights - The success of the Deqing Gonggan industry is attributed to its high-quality product endowment and the "finance + industry + logistics" integrated revitalization model, which provides a replicable path for high-quality development in specialty agriculture [1] Group 1: Financial Services - Financial services play a core role as the "funding engine" in the integrated model, with Postal Savings Bank of China (601658) Deqing County branch offering targeted loan products that address the pain points of farmers regarding "difficult and slow financing" [1] - The bank has integrated online approval and credit loans into agricultural production scenarios, significantly improving the efficiency of capital turnover in the industry [1] Group 2: Industry Development - Deqing Gonggan, recognized as a "Yue brand" specialty agricultural product, has achieved scale planting and brand operation with the support of financial services, leading to a steady increase in yield [1] - Individual farms are expected to reach an annual output of 400,000 pounds and sales of 900,000 yuan this year, creating a virtuous cycle of "high quality - high yield - good benefits" [1] Group 3: Logistics Collaboration - Logistics collaboration has effectively addressed the "last mile" issue, with the bank leveraging its unique advantage of "bank + postal logistics" to deeply integrate financial and logistics services [1] - This integration allows farmers to receive financial support while enjoying convenient agricultural product delivery services, establishing a comprehensive ecosystem of "growing well, selling well, and receiving quickly" [1] Group 4: Impact and Reach - By the end of October 2025, the Postal Savings Bank Deqing County branch's model has served over 1,600 agricultural operating entities, with cumulative agricultural loans exceeding 300 million yuan [2] - The model has created a brand reputation of "sending agricultural products through postal services" and "seeking loans from Postal Savings," aligning precisely with the development needs of specialty agriculture [2]

据悉，现任监事白建军、陈世敏、李跃、谷楠楠不再担任邮储银行监事及监事会相关职务，上述监事均 确认与该行无不同意见，也无任何其他相关事项需要通知该行股东及债权人。邮储银行监事会相关制度 同时废止。 北京商报讯(记者宋亦桐)12月16日，邮储银行（601658）发布公告指出，该行于2025年10月9日召开的 2025年第二次临时股东大会审议批准了《关于修订 <中国邮政储蓄银行股份有限公司章程> 的议案》和 《关于中国邮政储蓄银行不再设立监事会的议案》。近日，邮储银行收到《国家金融监督管理总局关于 邮储银行修改公司章程的批复》，自该行公司章程修订获核准生效之日起，该行不再设立监事会，由董 事会审计委员会依法行使监事会相关职权。 ...

Core Viewpoint - Commercial banks are accelerating their exit from the personal precious metals trading business at the Shanghai Gold Exchange due to significant fluctuations in precious metal prices, with major banks like Industrial and Commercial Bank of China (ICBC) announcing changes to their operations [2][3][4]. Group 1: Actions by Major Banks - ICBC announced that starting December 19, 2025, it will transfer the balances of margin accounts with no positions, inventory, or debts to the linked settlement accounts and close related business functions [2]. - China Construction Bank and Agricultural Bank of China have also taken steps to terminate agreements with clients who have not engaged in trading for a month, with notifications sent to clients regarding the transfer of funds [3][4]. - Postal Savings Bank announced the cessation of its personal precious metals business, requiring clients to liquidate their positions by October 31 [3][4]. Group 2: Broader Industry Trends - Other banks, including Citic Bank and Ningbo Bank, have also implemented measures to clean up accounts with no trading activity, indicating a broader trend among banks to withdraw from the precious metals trading sector [4][5]. - The adjustments in precious metals business by banks are closely linked to the significant price volatility in recent years, with many banks previously halting gold and silver trading during the commodity price fluctuations in 2022 [6]. - The World Gold Council has indicated that while 2025 may see strong performance in precious metals, uncertainties will persist into 2026, suggesting a cautious outlook for the market [6].

中国邮政储蓄银行股份有限公司 募集资金管理办法 （2025 年修订版） | | | | 第一章 | 总 则 1 | | --- | --- | | 第二章 | 募集资金的存储 2 | | 第三章 | 募集资金的使用 4 | | 第四章 | 募集资金用途变更 9 | | 第五章 | 募集资金使用管理与监督 12 | | 第六章 | 附 则 15 | 第一章 总 则 第一条 为规范中国邮政储蓄银行股份有限公司（以下简称 本行）募集资金的管理和使用，最大限度地保障投资者的利益， 保证募集资金的安全，提高募集资金的使用效率，根据《中华人 民共和国公司法》（以下简称《公司法》）、《中华人民共和国 证券法》（以下简称《证券法》）、《上市公司证券发行注册管 理办法》《上市公司募集资金监管规则》《上海证券交易所股票 上市规则》《上海证券交易所上市公司自律监管指引第 1 号—— 规范运作》等有关法律、行政法规、部门规章、规范性文件以及 本行章程的有关规定，结合本行的实际情况，制定本办法。 第三条 募集资金应当专款专用。本行使用募集资金应当符 合国家产业政策和相关法律法规，践行可持续发展理念，履行社 会责任，原则上应当用于主营业 ...

中国邮政储蓄银行股份有限公司章程 （2011 年 12 月 29 日中国邮政储蓄银行股份有限公司创立 大会暨第一次股东大会通过；2012 年 1 月 20 日中国银行业监督 管理委员会予以核准；2013 年 12 月 13 日中国邮政储蓄银行股 份有限公司 2013 年第三次临时股东大会修订；2014 年 12 月 26 日中国邮政储蓄银行股份有限公司 2014 年第三次临时股东大会 修订；2015 年 11 月 20 日中国邮政储蓄银行股份有限公司 2015 年第三次临时股东大会修订；2016 年 3 月 14 日中国银行业监督 管理委员会予以核准；2016 年 5 月 31 日中国邮政储蓄银行股份 有限公司 2015 年年度股东大会修订；2016 年 6 月 24 日中国银 行业监督管理委员会予以核准；2017 年 6 月 8 日中国邮政储蓄 银行股份有限公司 2016 年年度股东大会修订；2017 年 8 月 2 日 中国银行业监督管理委员会予以核准；2017 年 10 月 27 日中国 邮政储蓄银行股份有限公司 2017 年第二次临时股东大会修订； 2018 年 6 月 21 日中国银行保险监督管理委 ...

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 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╱或接受存款業 務。 中国邮政储蓄银行股份有限公司 募集资金管理办法 （2025 年修订版） | | | 海外監管公告 募集資金管理辦法（2025年修訂版） 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 ...