证券之星消息，2月2日农商行板块较上一交易日下跌1.94%，沪农商行领跌。当日上证指数报收于 4015.75，下跌2.48%。深证成指报收于13824.35，下跌2.69%。农商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) | | | --- | --- | --- | --- | --- | --- | --- | | 601860 | 紫金银行 | 2.79 | -0.71% | 46.93万 | | 1.32 Z | | 002807 | 江阴银行 | 4.53 | -0.88% | 44.60万 | | 2.04亿 | | 002839 | 张家港行 | 4.53 | -0.88% | 31.55万 | | 1.44亿 | | 601528 | 瑞丰银行 | 5.40 | -0.92% | 19.41万 | | 1.06亿 | | 603323 | 苏农银行 | 4.97 | -1.00% | 29.89万 | | 1.50亿 | | 601128 | 常熟银行 | 7.22 | -1.10% | 46.60万 | | 3.40亿 | | 60 ...

股 票 研 究 股票研究 /[Table_Date] 2026.02.01 战略投资者拟扩围，利好银行长期资本补充 [Table_Industry] 商业银行 本报告导读： 证监会拟扩大可参与定增的战略投资者类型，并明确最低持股比例要求，利好上市 银行长期资本补充、金融机构合作深化，以及银行理财多元资产投资转型。 投资要点： [Table_Report] 相关报告 商业银行《银行快报陆续披露，25A 业绩稳健增 长》2026.01.25 商业银行《全年增量 3.34 万亿元，公募基金配置 占比提升 2.1pct 至 5.1%》2026.01.25 商业银行《国有大行投放力度较大，不良压力或 企稳》2026.01.23 商业银行《主动基金环比持平，被动基金增持》 2026.01.23 商业银行《利息净收入增速转正，业绩延续改善 趋势》2026.01.19 证 券 研 究 报 告 请务必阅读正文之后的免责条款部分 行 银行周报（2026/1/26-2026/1/30） | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 马婷婷(分析 ...

证券日报网1月30日讯 ，沪农商行在接受调研者提问时表示，2026年，公司以守住风险底线为前提，制 定更为积极的信贷投放目标，进一步优化信贷结构。对公信贷投放方面，重点对接市区重大项目、城市 更新城中村项目、重点区域基础设施项目等，积极推进绿色低碳转型，如园区节能改造，以及制造业转 型、现代服务业升级等领域，同时公司将凭借本土银行优势，继续深耕镇村和三农根据地，稳住基本 盘，实现结构优化。零售信贷投放方面，公司按揭贷款作为零售信贷基石，预计保持平稳增长态势。按 揭贷款坚持公私一体化经营与客户综合化经营的"双经营"驱动，坚持深挖对公业务场景，赋能个人客户 金融服务，实现双向引流与价值共赢；坚持以客户为中心，为房产交易客户提供一站式综合金融服务， 共建"房产+金融"生态圈。 （编辑 姚尧） ...

证券日报网1月30日讯 ，沪农商行在接受调研者提问时表示，公司高度重视股东回报，希望投资者能分 享沪农商行发展的成果。公司2025年中期分红比例为33.14%，较去年的中期分红比例小幅提升，同时 2024年度分红率为33.91%，展望后续，公司将在保持稳健经营和高质量发展的基础上，增强分红政策 的持续性、稳定性和可预期性，充分考虑资本规划、财务状况、股东意愿等情况，平衡业务持续发展与 股东综合回报之间的关系，合理确定分红频次和水平，公司有意愿、有能力、更有底气给资本市场投资 者带来稳定可靠的投资回报。 （编辑 姚尧） ...

Core Viewpoint - The company plans to adopt a cautious investment strategy based on its macroeconomic outlook for 2026, focusing on stable operations, risk control, and enhanced research and investment capabilities [1] Investment Strategy - The company will primarily focus on bond investments through allocation, with supplementary gains from tactical operations, emphasizing refined strategy management to optimize scale, duration, spread, and variety [1] - The company will closely monitor market fluctuations and adhere to strict trading discipline while flexibly utilizing derivatives and hedging tools to ensure overall account risk remains controllable [1] - The company aims to deepen macro and industry research to enhance the ability to identify high-yield assets in favorable sectors and regions, while dynamically optimizing asset allocation and duration [1] - The company is exploring the application of advanced technologies such as bond trading robots, AI model strategy development, and machine learning for research report analysis to improve automation in quoting, trading execution, and enhance operational efficiency in investment decision-making and quantitative strategy development [1]

证券日报网1月30日讯，沪农商行（601825）在接受调研者提问时表示，公司围绕"以客户为中心、以价 值创造为导向"的经营理念，不断强化经营思维，构建以稳健为特色的产品体系，实施精细化的分层分 类客户经营，持续提升客群规模和价值贡献，公司财富管理业务将着重关注以下几方面内容：一是深化 专业经营，财富客户实现"一类一策"，提高经营质效，提升财富业务收入；二是提供多元化的财富产品 和服务，同时利用金融科技手段，提升客户财富资产配置体验，实现客户金融资产量质齐升；三是持续 以资产配置为基石，持续做好保障类产品配置，提升财富中收长期收入。 ...

Core Viewpoint - The company aims to transform its technology finance approach from a "pioneer" to a "leader" by cultivating early-stage small and hard technology enterprises, specializing in industry finance, and empowering the sci-tech ecosystem through a differentiated competitive advantage [1] Group 1: Unique Competitive Advantages - The company is establishing a unique advantage and competitive barrier focused on discovering and nurturing early-stage small and hard technology enterprises [1] - It emphasizes the "donation+" model and is proactively laying out future industries such as brain-computer interfaces, establishing deep connections with sci-tech teams from the initial stage of technology transformation [1] Group 2: Professional Leadership and Risk Control - The company plans to leverage its industry research institute to explore an online, intelligent, and data-driven precise marketing and smart risk control system [1] - It aims to implement a "one bank, one policy" intelligent and professional full-process risk control system, focusing on key industries in Shanghai to identify and select high-quality enterprises [1] Group 3: Innovative Empowerment Platform - The company is launching the "Xindongneng+" online empowerment platform, which will be the first open empowerment ecosystem in the banking industry focused on technology enterprises [1] - This platform will connect government departments, industrial parks, investment institutions, and professional service organizations, providing a one-stop professional module for legal consulting, tax consulting, equity financing, policy services, merger facilitation, and IPO advisory [1] - The goal is to create an efficient empowerment ecosystem that supports the establishment of long-term sustainable customer relationships and value growth foundations, injecting new digital momentum into the high-quality development of technology finance [1]

Core Insights - The commercial space industry is experiencing a surge in interest and investment, driven by increased policy support and the active participation of various sectors, including traditional banking [1][25][27]. Group 1: Policy and Industry Trends - Beijing has issued measures to promote the development and utilization of commercial satellite remote sensing data from 2026 to 2030, encouraging the construction of differentiated commercial satellite constellations with clear commercial value and application prospects [2][26]. - The banking sector, traditionally seen as unrelated to space, is now actively engaging in commercial space initiatives, with banks like China Merchants Bank and Shanghai Pudong Development Bank launching their own satellites [3][28]. Group 2: Satellite Launches and Applications - On January 16, 2024, China Merchants Bank's "Zhaoyin Jinkui" and Shanghai Pudong Development Bank's "Pudong Smart" satellites were successfully launched, both part of China's first global low-orbit satellite IoT constellation, "Tianqi Constellation" [4][29]. - The "Zhaoyin Jinkui" satellite is designed for high-precision monitoring of construction progress for first-hand mortgage properties, while the "Pudong Smart" satellite aims to enhance intelligent risk control and provide critical financial services during extreme scenarios like natural disasters [6][31]. Group 3: Evolution of Banking Risk Control - The trend of banks launching satellites signifies a shift from traditional ground-based data reliance to a "heaven and earth collaboration" model, enhancing risk control capabilities in response to complex and changing realities [12][45]. - Satellites provide high-resolution optical, radar, and multispectral sensors, offering banks a stable and objective "God's eye view" to address the core pain point of information asymmetry in traditional risk control [13][36]. Group 4: Innovations in Risk Management - The "Zhaoyin Jinkui" satellite can increase monitoring accuracy to over 95%, significantly improving traditional post-loan inspection efficiency [38]. - The integration of satellite technology with AI and deep learning, as seen in the "Dashanque" system by WeBank, allows for precise analysis of agricultural data, aiding in the determination of reasonable credit limits for farmers [38][40]. Group 5: Future Implications for Banking and Space - The banking sector's involvement in commercial space may lead to deeper due diligence and value discovery, as banks seek to understand and engage with the complexities of the commercial space industry [21][43]. - The future of financial competition may hinge on the ability to create intelligent collaborative networks between "starry skies" and "real ground," positioning banks to leverage new opportunities in the evolving commercial space landscape [24][46].

（来源：经济日报） 上海农商银行"捐赠 +"是促进早期科技成果转化的创新模式，与上海理工大学的合作聚焦医工交叉领域 产业化发展与医疗器械概念验证工程化中心建设两大重点方向。在实施捐赠的同时，上海农商银行还联 动政府部门、投资机构、产业园区等多方生态圈资源，为早期科研项目提供从资金支持、技术验证到市 场对接的全链条服务，全力破解科技成果转化"最初一公里" ，着力打造科创客户全周期服务体系，建 设科技金融"线上+线下"生态圈，深化行业金融专业支撑，坚持"向早、向小、向硬"，持续探索科技金 融服务的"无人区"。 转自：经济日报 未来，上海农商银行将聚焦"捐赠 +"项目全生命周期需求深化合作，提供覆盖公司成立前后的金融服务 与孵化赋能，配套人才服务等增值支持，同时激活专家库资源，推动更多科研成果落地转化，共同为上 海科创产业高质量发展注入动力。（经济日报记者 李治国） 1月28日，上海农商银行创新推出的、旨在推动早期科研转化的"捐赠+"模式首期10个项目落地。 据了解，2025年6月，上海农商银行与上海理工大学签署早期科技成果转化"捐赠+"合作方案，共建成果 转化赋能生态圈。合作以来，双方聚焦医学前沿与临床需求，从1 ...

面向重点领域产业链及其上下游产业的中小微民营企业，在2026年1月1日至2026年12月31日期间，新发 放的符合上述文件要求的固定资产贷款，可按规定享受财政贴息支持。 三、服务业经营主体贷款贴息 支持餐饮住宿、健康、养老、托育、家政、文化娱乐、旅游、体育、数字、绿色、零售等11大消费领域 的经营主体，在2026年1月1日至2026年12月31日期间，为改善消费基础设施或提升服务供给能力而发放 的符合上述文件要求的贷款，可按规定享受贴息。 2026年1月29日，上海农商银行发布公告称，为深入贯彻党中央、国务院关于提振消费、扩大内需、促 进实体经济发展的决策部署，切实降低居民与各类市场主体的融资信贷成本，上海农商银行将认真落实 并严格执行《关于优化实施个人消费贷款财政贴息政策有关事项的通知》（财金〔2026〕1号）、《关 于实施中小微企业贷款贴息政策的通知》（财金〔2026〕4号）、《关于优化实施服务业经营主体贷款 贴息政策的通知》（财金〔2026〕5号）等文件精神及相关要求，有序开展贷款贴息等相关工作，现就 相关事项公告如下： 一、个人消费贷款财政贴息 个人客户通过上海农商银行办理的个人消费贷款或信用卡账单分 ...