Group 1 - The core viewpoint of the articles highlights the strong performance of bank stocks in the A-share market, with 19 out of 42 bank stocks reaching historical highs this year, representing 45.24% of the total, leading all sectors in the market [1][2] - The bank stock index has seen a cumulative increase of 12.73% year-to-date, significantly outperforming the CSI 300 index, which has declined by 2.24% during the same period [1] - The automotive sector ranks second in terms of the proportion of stocks reaching historical highs, with 19.06%, while the machinery equipment sector follows with 15.96% [1] Group 2 - The strong performance of bank stocks is attributed to three main factors: a continued loose domestic monetary policy in a low inflation environment, sustained inflow of long-term funds into high-dividend, low-volatility bank stocks, and the reform of public funds leading to increased allocation to bank stocks [2] - Current investment logic for bank stocks includes the gradual alleviation of pressure on bank interest margins due to a slowdown in loan rate declines, and the highlighted high dividend advantage of bank stocks during the interest rate downcycle [2] - Investors are advised to focus on high-quality regional small banks with strong growth potential and stable state-owned banks to capitalize on both performance recovery and high dividend opportunities [2]

Core Viewpoint - As of the end of 2024, Postal Savings Bank has a total of 39 first-level departments, organized into six major sectors: Personal Finance, Corporate Finance, Asset Management, Risk Management, Information Technology, and Comprehensive Support [1]. Group 1: Department Structure - The Personal Finance sector includes: Personal Finance Department, Wealth Management Department, Consumer Credit Department, Credit Card Center, Online Finance Department, Digital Currency Department, Agency Financial Management Department, and Rural Revitalization Financial Department [2]. - The Corporate Finance sector consists of: Corporate Finance Department (Rural Business Center), Inclusive Finance Department (Small Business Finance Department), Transaction Banking Department, and Investment Banking Department [2]. - The Asset Management sector has: Financial Intermediary Department, Financial Market Department, and Custody Business Department [2]. - The Risk Management sector includes: Risk Management Department (Rural Risk Management Center), Credit Management Department (Rural Credit Management Center), Credit Approval Department, Internal Control Compliance Department, Legal Affairs Department (Consumer Rights Protection Department), and Security Department [2]. - The Information Technology sector comprises: Financial Technology Department, Data Management Department, Software Development Center, and Operations Data Center [3]. - The Comprehensive Support sector includes: Strategic Development Department, Asset and Liability Management Department (Rural Asset and Liability Management Center), Financial Management Department (Rural Financial Management Center), Human Resources Department (Party Committee Organization Department, Rural Human Resources Management Center), Procurement Management Department, Operations Management Department, Office (Party Committee Office), General Affairs Department, Party Building Work Department, Discipline Inspection Office (Party Committee Inspection Office), and Trade Union [3]. Group 2: Branch and Employee Information - As of the end of 2024, Postal Savings Bank has 36 first-level branches, 324 second-level branches, 2,228 first-level sub-branches, and 5,307 second-level sub-branches, along with three holding subsidiaries: China Postal Consumer Finance Co., Ltd., China Postal Wealth Management Co., Ltd., and China Postal Youhui Wanjia Bank Co., Ltd. [3]. - The total number of employees is 197,631, with 182,631 being contract employees and 15,000 being labor dispatch workers. The gender distribution shows that 40.62% are male and 59.38% are female [3].

Core Viewpoint - The A-share private placement market is experiencing a significant recovery in 2025, with a notable increase in both scale and activity, accounting for a large portion of total equity financing [1][4]. Group 1: Market Performance - As of June 20, 2025, A-share listed companies have raised over 500 billion yuan through private placements, marking a substantial increase compared to the same period last year [1][2]. - The disclosed private placement plans have exceeded 200 billion yuan, with the first quarter alone raising 126.9 billion yuan, representing 85.24% of the total financing in the primary market [2]. - The number of companies participating in private placements has also increased, with 216 companies announcing plans this year compared to only 105 last year [4]. Group 2: Major Contributors - The surge in private placements is largely attributed to significant fundraising by state-owned banks, with major contributions from China Communications Bank (120 billion yuan), Bank of China (165 billion yuan), and Postal Savings Bank (130 billion yuan) [4]. - The total fundraising from the four major state-owned banks reached 520 billion yuan, with the Ministry of Finance contributing 500 billion yuan through special government bonds [4]. Group 3: Market Drivers - The booming private placement market is driven by several factors, including a tightening of IPOs, a significant drop in IPO financing, and supportive policies such as the "Six Merger Rules" and the 2025 Government Work Report [5]. - The demand for funding in sectors like semiconductors, AI, and new energy is increasing due to rapid technological upgrades and the need for capital to support research and capacity expansion [5]. Group 4: Investment Characteristics - The private placement market is characterized by a three-tiered funding structure, with significant participation from state-owned enterprises in heavy asset industries, hard technology sectors, and traditional industries undergoing upgrades [6]. - The proportion of private placements related to mergers and acquisitions has surged, with over 50% of new projects this year being associated with such financing, up from 30% in 2024 [6]. Group 5: Profitability and Risks - A vast majority of private placement projects are currently profitable, with 92.1% showing gains, and some projects achieving over 100% returns [8]. - However, there are instances of losses due to company performance declines or overvaluation during the fundraising process [9]. Group 6: Future Outlook - The private placement market is expected to continue expanding, driven by ongoing policy support and the increasing participation of institutional investors [10]. - Focus areas for future investments include sectors aligned with national industrial upgrading, such as new energy, AI, and semiconductor industries [10].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 | 否 | | | | 證券代號 (如上市) | | 說明 | A股(上海證券交易所) | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) ...

股票简称：邮储银行 股票代码：601658 中国邮政储蓄银行股份有限公司 向特定对象发行 A 股股票上市公告书 联席保荐人（联席主承销商） 联席主承销商 二〇二五年六月 中国邮政储蓄银行股份有限公司向特定对象发行 A 股股票 上市公告书 特别提示 一、发行数量及价格 1、发行数量：20,933,977,454 股 相关监管机构对认购股份的限售期和到期转让股份另有规定的，从其规定。 限售期结束后，财政部、中国移动集团和中国船舶集团所认购股份的转让将 按《公司法》等相关法律法规以及中国证监会、金融监管总局和上交所的有关规 定执行。 四、股权结构情况 本次发行完成后，邮储银行控股股东及实际控制人仍为邮政集团，本次发行 不会对邮储银行现有法人治理结构产生重大影响。 2、发行价格：6.21 元/股 3、募集资金总额：130,000,000,000.00 元 4、募集资金净额：129,961,940,637.58 元 二、新增股票上市安排 本次发行新增股份将于限售期届满后的次一交易日起在上交所上市流通交 易，如遇法定节假日或休息日，则顺延至其后的第一个交易日。 三、新增股份的限售安排 根据中国证监会、金融监管总局及上交所 ...

中国国际金融股份有限公司 中信证券股份有限公司 关于中国邮政储蓄银行股份有限公司 向特定对象发行A股股票 上海证券交易所： 之 上市保荐书 联席保荐机构 北京市朝阳区建国门外大街 1 号 国贸大厦 2 座 27 层及 28 层 广东省深圳市福田区中心三路 8 号 卓越时代广场（二期）北座 二〇二五年六月 中国邮政储蓄银行股份有限公司 上市保荐书 中国国际金融股份有限公司（以下简称"中金公司"）和中信证券股份有限公司（以 下简称"中信证券"，与中金公司合称"联席保荐机构"）接受中国邮政储蓄银行股份 有限公司（以下简称"邮储银行"、"发行人"或"公司"）的委托，就发行人向特定 对象发行 A 股股票并在主板上市事项（以下简称"本次发行"、"本次向特定对象发 行"）出具本上市保荐书。 联席保荐机构及其保荐代表人根据《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》"）、《证券发行上市 保荐业务管理办法》、《上市公司证券发行注册管理办法》（以下简称"《注册管理办 法》"），以及《上海证券交易所股票上市规则》（以下简称"《上市规则》"）、《上 海证券交易所发行上市审核规则 ...

证券代码：601658 证券简称：邮储银行 公告编号：临 2025-041 中国邮政储蓄银行股份有限公司 向特定对象发行 A 股股票结果暨股本变动公告 中国邮政储蓄银行股份有限公司董事会及全体董事保证本公告内容不存在 任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整 性承担法律责任。 重要内容提示： 发行数量和价格 股票种类：人民币普通股（A 股） 发行数量：20,933,977,454 股 发行价格：6.21 元/股 预计上市时间 中国邮政储蓄银行股份有限公司（以下简称本行、邮储银行、发 行人）本次发行的 20,933,977,454 股新增股份已于 2025 年 6 月 19 日在中国证券登记结算有限责任公司上海分公司办理完毕股份登记、 托管及限售手续。本次发行新增股份为有限售条件流通股，将于限售 期届满后的次一交易日起在上海证券交易所（以下简称上交所）上市 流通交易，如遇法定节假日或休息日，则顺延至其后的第一个交易日。 资产过户情况 发行对象以现金认购本次发行的股份，不涉及资产过户情况。 1 一、本次发行概况 （一）本次发行履行的相关程序 1、本次发行的内部决策程序 2025 年 ...

Core Viewpoint - China Postal Savings Bank is set to issue A-shares to specific investors, having received approval from the China Securities Regulatory Commission (CSRC) for the issuance process and compliance of subscription objects [1][2]. Summary by Sections Issuance Overview - The A-shares to be issued are domestic listed ordinary shares with a par value of RMB 1.00 per share [2]. - The issuance will be conducted through a targeted offering [3]. - The total amount raised from this issuance is RMB 130 billion, with net proceeds after deducting issuance costs amounting to RMB 129.96 billion [3][10]. Subscription Details - The issuance targets the Ministry of Finance, China Mobile Group, and China Shipbuilding Group, with subscription amounts of RMB 117.58 billion, RMB 7.85 billion, and RMB 4.57 billion respectively [3][4]. - The issuance price is set at RMB 6.32 per share, adjusted to RMB 6.21 per share after the distribution of dividends [4][5]. Issuance Quantity and Restrictions - A total of 20,933,977,454 shares will be issued, not exceeding 30% of the total share capital prior to the issuance [6]. - The shares subscribed by the Ministry of Finance, China Mobile Group, and China Shipbuilding Group will be subject to a five-year lock-up period [6]. Compliance and Approval Process - The issuance has undergone necessary internal decision-making and external approval processes, receiving consent from the Financial Regulatory Bureau and the CSRC [8][13]. - The issuance process complies with relevant laws and regulations, including the Company Law and Securities Law [13][14]. Information Disclosure - The company has adhered to information disclosure requirements as mandated by the Shanghai Stock Exchange and the CSRC [12][13]. Investor Suitability - The Ministry of Finance, China Mobile Group, and China Shipbuilding Group have confirmed that their funding sources for the subscription are legal and compliant [11][12].

Fundraising Overview - China Postal Savings Bank has received approval from the China Securities Regulatory Commission to issue 20,933,977,454 A-shares, raising a total of RMB 130 billion, with a net amount of RMB 129,961,940,637.58 after deducting issuance costs [1][2] Fund Management Agreement - The bank has signed a tripartite supervision agreement for the management and use of the raised funds with China International Capital Corporation and CITIC Securities on June 17, 2025 [2][3] - The agreement stipulates that the raised funds must be used solely for designated purposes and outlines the responsibilities of the underwriters in supervising the fund usage [3][4] Fund Storage Details - The funds are stored in a dedicated account at China Postal Savings Bank, with a total amount of RMB 129,999,632,075.47 allocated for core tier one capital [3][4] - The agreement includes provisions for regular audits and oversight by the underwriters, ensuring compliance with relevant regulations [4][5]

中国邮政储蓄银行股份有限公司 向特定对象发行 A 股股票 验资报告 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 验资报告 毕马威华振验字第 2500426 号 中国邮政储蓄银行股份有限公司： 我们接受委托，审验了贵公司截至 2025 年 6 月 17 日止新增注册资本及实收资本（股本） 情况。按照法律法规和相关协议的要求出资，提供真实、合法、完整的验资资料，保护资产的 安全、完整是全体股东及贵公司的责任。我们的责任是对贵公司新增注册资本及实收资本（股 本）情况发表审验意见。我们的审验是依据《中国注册会计师审计准则第 1602 号 — 验资》进 行的。在审验过程中，我们结合贵公司的实际情况，实施了检查等必要的审验程序。 贵 公 司 原 注 册 资 本 为 人 民 币 99,161,076,038.00 元 ， 实 收 资 本 （ 股 本 ） 为 人 民 币 年 4 月 17 日召开的 2024 年年度股东大会、2025 ...