中国邮政储蓄银行股份有限公司 董事会决议公告 证券代码：601658 证券简称：邮储银行 公告编号：临 2025-059 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。 中国邮政储蓄银行股份有限公司（以下简称本行、邮储银行）董事会 于 2025 年 11 月 12 日以书面形式发出会议通知，于 2025 年 11 月 26 日在 北京以现场方式召开会议。会议应出席董事 15 名，亲自出席董事 15 名， 部分监事及高级管理人员列席会议。会议的召开符合《中华人民共和国公 司法》等有关法律、行政法规、部门规章、规范性文件和《中国邮政储蓄 银行股份有限公司章程》（以下简称《公司章程》）的有关规定。 会议由郑国雨董事长主持，出席会议的董事审议并表决通过了以下议 案： 一、关于修订《中国邮政储蓄银行股份有限公司董事会提名和薪酬 委员会工作规则》《中国邮政储蓄银行股份有限公司董事会审计委员会工 作规则》等六个董事会专门委员会工作规则的议案 本次董事会专门委员会工作规则的修订已经董事会提名和薪酬委员 会、董事会审计委 ...

| 交易日期 | 证券開移 | 证券代码 | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | | 费出臂业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-11-26 | 邮储银行 | 601658 | 5.79 173.7 | 30 | 男喬表讀這種舉份 | 送音量需制品型型 | Ka | 来源：智通财经 11月26日，邮储银行大宗交易成交30万股，成交额173.7万元，占当日总成交额的0.17%，成交价5.79 元，较市场收盘价5.79元持平。 ...

Core Points - The state-owned large bank sector experienced a decline of 1.67% on November 26, with Industrial and Commercial Bank of China (ICBC) leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index rose by 1.02% to 12907.83 [1] Summary by Category Stock Performance - The closing prices and changes for major state-owned banks are as follows: - Bank of Communications: 7.66, down 0.78% - China Construction Bank: 9.72, down 1.32% - Postal Savings Bank: 5.79, down 1.53% - Agricultural Bank of China: 7.94, down 1.61% - Bank of China: 6.15, down 1.76% - Industrial and Commercial Bank of China: 8.16, down 1.81% [1] Capital Flow - The net capital flow for the state-owned large bank sector showed a net outflow of 1.244 billion yuan from major funds, while retail investors saw a net inflow of 611 million yuan [1] - The detailed capital flow for individual banks is as follows: - Bank of Communications: Major funds net outflow of 22.804 million yuan, retail net inflow of 440.06 thousand yuan - China Construction Bank: Major funds net outflow of 91.255 million yuan, retail net inflow of 28.205 million yuan - Postal Savings Bank: Major funds net outflow of 11.47 million yuan, retail net inflow of 45.654 million yuan - Industrial and Commercial Bank of China: Major funds net outflow of 208 million yuan, retail net inflow of 42.895 million yuan - Bank of China: Major funds net outflow of 267 million yuan, retail net inflow of 200 million yuan - Agricultural Bank of China: Major funds net outflow of 541.17 million yuan, retail net inflow of 299 million yuan [2]

Core Insights - Postal Savings Bank of China (PSBC) is transforming its operations by establishing the first "Hongmeng Ecological Bank" in Beijing, integrating advanced digital technologies to enhance customer experience and service efficiency [1][4][19] - The bank's digital transformation focuses on creating a "digital financial neural network" that connects urban and rural areas, utilizing cloud services and digital currency to make financial services more accessible [9][14][15] Group 1: Digital Banking Innovations - The Hongmeng Ecological Bank features multi-language AI transparent screens and smart service devices, showcasing a blend of technology and customer service [1][4] - The bank employs smart calling machines and wearable devices to streamline customer interactions, allowing for a seamless service experience [5][6] - Personalized financial advice is provided through the "You Accompany" smart screen, which tailors recommendations based on the customer's life stage [7] Group 2: Cloud Services and Digital Currency - The "cloud cabinet" service allows customers to access banking services remotely, significantly increasing transaction volume, with over 130,000 transactions annually [13] - Digital currency applications are integrated into everyday transactions, enhancing consumer engagement and driving over 200 million yuan in consumption in 2024 [14][15] Group 3: Industry Empowerment and Future Directions - The bank's "U Yi Count" platform focuses on evaluating the technological capabilities of enterprises, facilitating financing for innovative companies [17][18] - The integration of financial services with industry needs exemplifies the bank's commitment to supporting digital economic growth and enhancing service offerings [19][18]

Core Viewpoint - Several major state-owned and joint-stock banks have recently announced adjustments to the risk levels of certain publicly offered fund products they distribute, indicating a trend towards increased risk assessment in the banking sector [1][5]. Group 1: Adjustments by Banks - China Construction Bank (CCB) announced on November 25 that it has adjusted the risk levels of some publicly offered fund products to fulfill its suitability obligations and protect investor rights [1][5]. - The adjustments include a total of 87 products, with 32 products' risk levels raised from "R2 - Medium-Low Risk" to "R3 - Medium Risk," and 55 products raised from "R3 - Medium Risk" to "R4 - Medium-High Risk" [3][4]. Group 2: Regulatory Compliance - The adjustments made by CCB are based on regulatory requirements, including the "Securities and Futures Investor Suitability Management Measures" and other relevant guidelines [4][6]. - Other banks, such as Postal Savings Bank, Citic Bank, and Minsheng Bank, have also made similar adjustments to their fund risk ratings, indicating a broader industry trend [5][6]. Group 3: Market Considerations - The adjustments are driven by both regulatory compliance and current market volatility, with banks needing to accurately reflect product risks due to increased fluctuations in underlying assets [7]. - The trend of raising risk ratings is seen as a proactive measure by banks to enhance investor suitability management and does not necessarily indicate a universal increase in market risk for publicly offered funds [7].

Core Viewpoint - Postal Savings Bank of China (PSBC) experienced a decline in stock price, with a drop of 2.04% on November 26, trading at 5.76 CNY per share, and a total market capitalization of 691.75 billion CNY [1] Financial Performance - PSBC's stock price has increased by 6.31% year-to-date, with a slight rise of 0.52% over the last five trading days, but has seen a decline of 3.03% over the last 20 days and 8.13% over the last 60 days [2] - For the period from January to September 2025, PSBC reported a net profit of 76.56 billion CNY, reflecting a year-on-year growth of 0.98% [3] Business Operations - PSBC's main business segments include personal banking (65.15% of revenue), corporate banking (22.71%), and funding operations (12.10%) [2] - The bank provides a variety of financial services, including personal loans, corporate loans, and asset management [2] Shareholder Information - As of September 30, 2025, PSBC had 142,600 shareholders, a decrease of 13.09% from the previous period, with an average of 478,570 circulating shares per shareholder, an increase of 15.29% [3] - The bank has distributed a total of 137.80 billion CNY in dividends since its A-share listing, with 77.40 billion CNY distributed over the last three years [4] Institutional Holdings - As of September 30, 2025, major institutional shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable reductions in their holdings compared to the previous period [4]

Group 1: Stock Performance and Financing - Postal Savings Bank of China saw a stock increase of 1.55% on November 25, with a trading volume of 1.185 billion yuan [1] - On the same day, the bank recorded a financing buy amount of 98.09 million yuan and a financing repayment of 103 million yuan, resulting in a net financing buy of -4.61 million yuan [1] - As of November 25, the total financing and securities balance for the bank was 924 million yuan, with a financing balance of 919 million yuan, representing 0.23% of the circulating market value, which is below the 30th percentile level over the past year [1] Group 2: Securities Lending - On November 25, the bank repaid 104,800 shares in securities lending and sold 51,800 shares, with a selling amount of 304,600 yuan based on the closing price [1] - The securities lending balance stood at 4.9615 million yuan, with a remaining quantity of 843,800 shares, which exceeds the 70th percentile level over the past year, indicating a relatively high position [1] Group 3: Company Overview and Financial Performance - Postal Savings Bank of China, established on March 6, 2007, and listed on December 10, 2019, provides banking and related financial services in China [2] - The bank's main business segments include personal banking (65.15% of revenue), corporate banking (22.71%), and funding operations (12.10%) [2] - For the period from January to September 2025, the bank achieved a net profit of 76.562 billion yuan, reflecting a year-on-year growth of 0.98% [2] Group 4: Shareholder Information and Dividends - Since its A-share listing, the bank has distributed a total of 137.796 billion yuan in dividends, with 77.395 billion yuan distributed over the past three years [3] - As of September 30, 2025, the number of shareholders decreased by 13.09% to 142,600, while the average circulating shares per person increased by 15.29% to 478,570 shares [2][3] - Major shareholders include Hong Kong Central Clearing Limited, which holds 520 million shares, a decrease of 422 million shares from the previous period [3]

Core Viewpoint - The China Post has received approval from the National Financial Regulatory Administration to operate as an insurance agent, expanding its financial services and addressing compliance issues related to its previous operations under Postal Savings Bank's license [2][6]. Group 1: Business Operations - China Post operates a diverse business model that includes postal services, express logistics, finance, and e-commerce, with subsidiaries like Postal Savings Bank, China Post Insurance, and China Post Securities [3]. - The operational model for banking and insurance involves "self-operated + agency" and "self-operated + management," allowing China Post to leverage its extensive network for financial services [3]. Group 2: Historical Context - Postal Savings Bank was established in 2007, evolving from the China Post's savings bureau, and has been publicly listed since 2016 [4]. - To avoid internal competition, China Post previously committed to not engaging in insurance agency business, leading to the cancellation of several agency licenses held by its subsidiaries [4][5]. Group 3: Market Presence - China Post has over 54,000 service points, with more than 32,000 offering financial services, significantly contributing to Postal Savings Bank's revenue [6]. - The annual premium volume for China Post's insurance agency business exceeds 300 billion yuan, with China Post Insurance accounting for less than 40% of this total [6].

Core Viewpoint - Zhuhai Water Control Group is transforming from a traditional water supply company to a comprehensive public service provider, focusing on ecological collaboration and enhancing urban living experiences through strategic partnerships and innovative services [2][5][7]. Strategic Transformation - The collaboration involves major companies like China Petroleum, China Mobile, China Post, and Zhuhai Agricultural Control, along with six banks, resulting in a 31 billion yuan credit agreement [2]. - The partnership aims to upgrade public services from a single-function model to an ecological collaborative approach, enhancing convenience for citizens [2][3]. - Zhuhai Water Control is developing a smart water service platform, integrating AI monitoring and intelligent alert systems to improve operational efficiency and customer experience [3][5]. Financial Empowerment - The 31 billion yuan credit will support various projects, including the establishment of new energy charging stations and upgrades to smart water systems [5][6]. - The financial backing is based on the group's AAA credit rating and its transition to a technology-driven enterprise, which is expected to create sustainable value [5][6]. - The bank's strategy includes innovative financial products linked to ESG performance, ensuring funds are directed towards essential public service projects [6]. Reform and Strategic Leap - The company faces competition in water treatment and pipeline operations, necessitating continuous transformation to maintain its market position [7]. - The pressure to ensure public safety and environmental compliance drives the company to enhance management and leverage technology for efficiency [7][8]. - The goal is to elevate Zhuhai Water Control to the forefront of the water service sector in the Greater Bay Area through refined management and information technology applications [8].

Core Viewpoint - The integration of finance and agriculture is driving rural progress and agricultural development, with a focus on enhancing food security and supporting high-quality agricultural growth [2][3][4]. Financial Support for Agriculture - Postal Savings Bank of China (PSBC) Nanjing Branch has increased its support for agricultural financing, providing 3 million yuan in "industry loans" to enhance grain purchasing capabilities and improve operational efficiency by over 30% [3][4]. - The bank has established a "1+N" credit product system, offering loans up to 5 million yuan and expedited processing times, significantly reducing financing costs for agricultural enterprises [7][10]. Agricultural Production and Efficiency - The implementation of modern agricultural practices and technology has led to a significant increase in production capacity, with companies like Jingjian Rice Industry achieving a daily processing capacity of 300 tons and an annual capacity of 100,000 tons [4][5]. - The integration of financial services has improved the efficiency of grain collection and processing, with a reported 40% increase in settlement efficiency for grain enterprises [6][10]. Rural Development and Income Growth - The support from PSBC has enabled local farmers to increase their income, with one company expanding its operational area from 3,000 mu to 4,200 mu and achieving profits of over 40 million yuan [8][9]. - The bank's financial services have created over 30 stable job opportunities and helped 456 local farmers increase their income [9]. Innovative Financial Solutions - The introduction of the "Smart Payment" system has streamlined the payment process for farmers, allowing for real-time transactions without the need for cash, thus reducing risks associated with cash handling [10][11]. - The system is designed to cater to rural needs, ensuring ease of use for older farmers and enhancing the overall efficiency of grain transactions [11].