Core Insights - Financial investment business is evolving from traditional tools to a new revenue engine for listed banks amid narrowing net interest margins and sluggish profit growth [2][3] - Bond investments are showing strong yield elasticity during the market interest rate decline in 2024, effectively cushioning the impact of declining net interest income on financial statements [2][3] Group 1: Financial Performance - In 2024, 42 listed A-share banks reported a total net profit of 2.14 trillion yuan, averaging daily earnings of approximately 58.58 billion yuan [3] - The total financial investment amount reached 91.41 trillion yuan, generating 512.8 billion yuan in investment income, with over 90% of banks achieving year-on-year positive growth in investment income [3][4] - Among these banks, 37 reported positive growth in investment income, with five small and medium-sized banks achieving over 100% year-on-year growth [3][4] Group 2: Investment Trends - The average proportion of investment income to total revenue for the 42 listed banks increased to 15.61% in 2024, up from 12.33% in 2023 [4] - Nine banks had investment income accounting for over 20% of their revenue, all of which were small and medium-sized banks [4] - Jiangsu Bank, Ningbo Bank, Nanjing Bank, and Beijing Bank reported investment income exceeding 10 billion yuan in 2024 [5] Group 3: Market Dynamics - The preference for bond investments among small and medium-sized banks is attributed to narrowing net interest margins and increased competition [6][7] - The bond market has become a significant source of income for banks, especially for rural commercial banks, which have become active participants in the bond market [6][7] - The overall bond yield trend in 2024 was downward, with the 10-year government bond yield decreasing to 1.68% by December 31, creating favorable conditions for bond investment income growth [7][8] Group 4: Future Outlook - Many banks maintain an optimistic outlook on bond investments for 2025, anticipating continued opportunities in the bond market due to expected fluctuations in bond rates [8]

Core Insights - Zijin Bank reported its Q1 2025 financial results, showing total assets of 280.25 billion yuan, an increase of 10.31 billion yuan from the end of the previous year [1] - The bank's operating income for Q1 2025 was 1.141 billion yuan, a year-on-year decrease of 4.82%, while net profit attributable to shareholders was 422 million yuan, a year-on-year increase of 4.04% [1] - The decline in revenue was primarily due to a decrease in net interest income and fair value changes, with net interest income falling to 829 million yuan, a decrease of 147 million yuan or 15.05% year-on-year [1] Financial Performance - Fair value changes dropped significantly from 114 million yuan in Q1 2024 to -13.06 million yuan in Q1 2025, reflecting a change of -11552.63% [1] - Trading financial assets decreased by 81.3% to 23.3 million yuan from 124.5 million yuan at the end of the previous year, attributed mainly to a reduction in interbank certificates of deposit [1] Asset and Liability Changes - Interbank deposits decreased by 31.33% due to a reduction in interbank funding [2] - The bank saw a significant increase in interbank lending, with a rise of 76.69% in funds lent to other financial institutions [2] - The bank's liabilities included a notable increase in deposits from interbank and other financial institutions, which surged by 953.54% [2] Management Changes - Zijin Bank announced the election of Shao Hui as chairman, pending approval from financial regulatory authorities [4] - Shao Hui's qualifications for the position have not yet been approved, despite being elected eight months ago [4]

4月23日，中国人民银行在新闻发布会上介绍了《上海国际金融中心进一步提升跨境金融服务便利化行 动方案》的相关情况。副行长陆磊指出，借由《行动方案》的发布，央行将不断充实和完善跨境金融服 务政策工具箱，以构建一个更加贴合外向型经济需求的金融体系。此举旨在进一步增强上海国际金融中 心的竞争力与影响力。 【金融监管总局完善银行业高管任职资格管理】 金融监管总局发布《银行业金融机构董事（理事）和高级管理人员任职资格管理办法》，将于2025年6 月1日实施。该办法详细规定了任职资格条件、核准程序、金融机构的责任、监管机构的监管职责及法 律责任等内容，并明确了取消相关责任人任职资格的具体情形。 【澳门推出《2025年中小企业银行贷款利息补贴计划》】 澳门特区政府推出了《2025年中小企业银行贷款利息补贴计划》，旨在提高中小企业的资金流动性并减 轻其资金压力。符合条件的企业可在指定期间内向澳门持牌银行申请用于企业运营的资金贷款，并享受 贷款利息补贴。该计划规定了贷款金额上限、补贴期限及年补贴率上限等具体条款。 【央行等部门：支持在沪银行通过供应链金融更好服务长三角等地区"走出去"企业】 【央行宣布将持续优化跨境金融服务政策 ...

Core Viewpoint - Zijin Bank is committed to high-quality development while focusing on serving agriculture, small and micro enterprises, and urban-rural integration, demonstrating its long-term dedication to local economic growth [1][2]. Financial Performance - In 2024, Zijin Bank achieved an operating income of 4.463 billion yuan and a net profit of 1.624 billion yuan, both showing stable growth year-on-year [2]. - As of the end of 2024, the total assets of Zijin Bank reached 269.944 billion yuan, an increase of 22.280 billion yuan, or 9.00%, from the beginning of the year [2]. - The bank's deposit balance was 209.965 billion yuan, up 13.191 billion yuan, or 6.70%, while the loan balance reached 188.852 billion yuan, increasing by 11.630 billion yuan, or 6.56% [2]. - By the end of Q1 2025, total assets surpassed 280 billion yuan, reaching 280.254 billion yuan, with a Q1 operating income of 1.141 billion yuan and a net profit of 422 million yuan, reflecting a year-on-year growth of 4.04% [2]. Strategic Focus - Zijin Bank maintains its strategic focus on "supporting agriculture, small and micro enterprises, and practical services," with a strong emphasis on inclusive finance [3][7]. - The bank's inclusive small and micro enterprise loan balance reached 34.845 billion yuan, with a growth rate of 6.96%, exceeding the average loan growth rate [3]. - The average interest rate for newly issued inclusive small and micro loans was 4.73%, a decrease of 39 basis points from the previous year [3]. Innovation and Development - Zijin Bank is enhancing its technological finance capabilities, having served 1,710 technology-based enterprises with a total credit amount of 9.5 billion yuan [3]. - The bank has also made significant strides in green finance, with a green loan balance exceeding 14 billion yuan, an increase of 2.06 billion yuan, or 16.81% [4]. - The bank's innovative products, such as "Tongshang e-loan" and "Elite Time Loan," have seen substantial growth, with net increases of 1.06 billion yuan and 2.3 billion yuan, respectively [4]. Risk Management - Zijin Bank has maintained a stable asset quality, with a non-performing loan ratio of 1.24% and a provision coverage ratio of 201.44% [11]. - The bank has implemented comprehensive risk management measures, including enhanced credit risk management and regular training for employees on risk identification [11]. Brand Recognition - Zijin Bank's brand image has improved significantly, ranking 486th in the global banking rankings by The Banker and receiving multiple awards for corporate governance and ESG performance [12].

Core Insights - The core viewpoint of the news is the financial performance and operational strategies of Zijin Bank for the year 2024 and the first quarter of 2025, highlighting both growth and challenges in various financial metrics. Financial Performance Summary - As of the end of 2024, Zijin Bank reported total assets of 269.944 billion yuan, an increase of 9.00% year-on-year [2] - The total deposit balance reached 209.965 billion yuan, up 6.70% [2] - The total loan balance was 188.852 billion yuan, reflecting a growth of 6.56% [2] - The net profit for the year was 1.624 billion yuan, a slight increase of 0.30% [2] - The non-performing loan (NPL) ratio stood at 1.24%, with non-performing loans amounting to 2.348 billion yuan, a decrease of 14.32% compared to the end of 2023 [2] Q1 2025 Performance - In Q1 2025, Zijin Bank achieved revenue of 1.141 billion yuan, a year-on-year decline of 4.82% [2] - The net profit attributable to shareholders was 422 million yuan, an increase of 4.04% year-on-year [2] - The NPL ratio remained stable at 1.24% compared to the end of 2024, with a provision coverage ratio of 202.52% [2] Loan Portfolio Analysis - The average balance of corporate loans was 1,220.207 billion yuan, a year-on-year increase of approximately 7.92% [3] - Retail loans averaged 417.597 billion yuan, with a slight increase of about 0.70% [3] - The average balance of discounted bills grew by approximately 11.27% to 215.212 billion yuan, although interest income from this segment decreased by about 14.51% [3] - Overall, the average balance of loans and advances totaled 1,853.004 billion yuan, up about 6.57%, but interest income decreased by approximately 4.07% [3] Deposit Structure - Total liabilities amounted to 250.008 billion yuan, an increase of 9.08% [5] - The bank's total deposits were 209.965 billion yuan, with a notable increase in time deposits by approximately 10.77% [5] - Demand deposits decreased by about 11.73%, with corporate demand deposits down 15.74% [5] - Personal time deposits increased by approximately 16.80% [5] Income Breakdown - Net interest income for 2024 was 3.674 billion yuan, a decrease of about 7.23% [7] - Net fee and commission income rose significantly by approximately 55.65% to 179 million yuan [7] - Other net income increased by about 76.9% to 611 million yuan [7] - Total operating income was 4.463 billion yuan, a slight increase of 0.98% [7] Investment Strategy - The bank's investment in local government bonds decreased by approximately 19.44% to 87.193 billion yuan [7] - Investment in financial bonds surged by about 1488.4% to 22.317 billion yuan [7] - The overall debt investment structure has shifted, with a reduction in local and corporate bonds but an increase in financial bonds and interbank certificates [7] Innovation and Services - Zijin Bank has optimized its "Yinqi e+" system to provide comprehensive financial services to enterprises [8] - The bank has signed up 17,218 corporate clients for the "Yinqi e+" service, facilitating 1.3853 million transactions [8] - The bank continues to enhance its "Yin Medical" and "Yin School" services, with significant engagement in the healthcare and education sectors [8]

附件1 江苏紫金农村商业银行股份有限公司2025年度部分关联方日常关联交易预计额度表 单位：万元 | 关联方类别 | 关联交易类型 | 2025年拟申报预计额度 | 其中：部分关联法人 | | 2024年度业务开展情况 | | --- | --- | --- | --- | --- | --- | | | | | | 单户金额 | | | | | | 名称 | 上限 | | | | | | 南京中电熊猫信息产业集团有限公司 | 33000 | 授信额度按照预计额度控制，2024 | | | | | 苏银金融租赁股份有限公司 | 90000 | 授信额度按照预计额度控制，2024 年末用信净额8000万元 | | | | | | | 年末用信净额33000万元 | | | | | | | 授信额度按照预计额度控制，2024 | | 本行主要股东江苏省国信集团 | | 合计不超过230000万元 | 华泰证券股份有限公司 | 39100 | 年末用信净额7675万元 | | 有限公司及其关联企业 | 授信类 | （剔除银行同业后） | | | | | | | | 江苏银行股份有限公司 | 210000 | 授信额 ...

地址：南京市建邺区江东中路 381 号 电话：025-88866792 / 传真：025-88866660 邮编：210019 / 网址：www.zjrcbank.com Jiangsu Zijin Rural Commercial Bank CO.,LTD. Sustainability (Environmental, Social and Governance) Report 2024 2024 江苏紫金农村商业银行股份有限公司 可持续发展（ESG）报告 编制说明 随着资本市场和投资者的日渐成熟，财务报表 所能提供的信息已无法满足社会各界对了解上 市公司经营管理能力、研判上市公司投资价值 的需要，越来越多的投资者正逐渐将关注重点 转向公司的未来发展方向。ESG 报告（环境、 社会、公司治理报告）作为国际上日趋流行的 热点报告，能够在相当程度上体现上市公司的 管理优势和长远前景，保障投资者更充分的知 情权和决定权，并能促进上市公司更透明运作、 更高效发展，更能够呼应国家碳中和号召与监 管要求金融支持绿色低碳发展专项政策。 有鉴于此，公司从 2020 年正式启动 ESG 报告 的编制，将《社会责任报告》全面升 ...

证券代码： 601860 证券简称： 紫金银行 公告编号：2025-014 可转债代码：113037 可转债简称：紫银转债 本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个别及连带责任。 重要内容提示： 续聘会计师事务所名称:立信会计师事务所（特殊普通合伙） 一、拟聘用会计师事务所的基本情况 （一）机构信息 江苏紫金农村商业银行股份有限公司 关于续聘会计师事务所的公告 1.基本信息 会计师事务所名称：立信会计师事务所（特殊普通合伙） 成立日期：2011 年 1 月 24 日 统一社会信用代码：91310101568093764U 注册地址：上海市黄浦区南京东路 61 号四楼 首席合伙人：朱建弟 立信会计师事务所（特殊普通合伙）（以下简称"立信"）于 1927 年在上海 创建，1986 年复办，2010 年成为全国首家完成改制的特殊普通合伙制会计师事 务所，注册地址为上海市，首席合伙人为朱建弟先生。立信是国际会计网络 BDO 的成员所，长期从事证券服务业务，新证券法实施前具有证券、期货业务许可证， 具有 H 股审计资格。 截至 2024 ...

重要内容提示： 一、 召开会议的基本情况 (一)股东大会类型和届次 证券代码：601860 证券简称：紫金银行 公告编号：2025-015 可转债代码：113037 可转债简称：紫银转债 江苏紫金农村商业银行股份有限公司 关于召开2024年年度股东大会的通知 本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。 2024年年度股东大会 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 5 月 20 日 9 点 00 分 召开地点：江苏紫金农村商业银行股份有限公司总部（南京市建邺区江东中 路 381 号） 股东大会召开日期：2025年5月20日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 5 月 20 日 至2025 年 5 月 20 日 采用上海证券交易所 ...

证券代码： 601860 证券简称： 紫金银行 公告编号：2025-010 可转债代码：113037 可转债简称：紫银转债 江苏紫金农村商业银行股份有限公司 第四届监事会第十八次会议决议公告 本公司监事会及全体监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。 江苏紫金农村商业银行股份有限公司（以下简称 "公司"）第四届监事会 第十八次会议于 2025 年 4 月 23 日在公司总部以现场方式召开。会议通知及会议 文件已于 2025 年 4 月 11 日以电子邮件方式发出。本次会议由监事长陈亚先生主 持，会议应出席监事 9 人，亲自出席监事 9 人。本次会议的召集、召开符合《公 司法》等法律法规和公司章程的有关规定。 会议以现场记名投票表决方式审议通过了以下议案： 一、2024 年度监事会工作报告 同意将该报告提交 2024 年度股东大会审议。 表决结果：赞成 9 票；反对 0 票；弃权 0 票。 二、关于 2024 年年度报告及摘要审核意见的议案 监事会认为,公司 2024 年年度报告及摘要的编制和审议程序符合《公司法》 等法律、法规以及公司《章 ...