转自：地产房剑 文 | 赵青芝 当大家还把目光聚焦在住宅项目价格涨跌多少时，实际上西安有不少企业转向了新的领域，譬如写字楼 租赁运营。最近有一西安房产中介豪掷近千万元溢价布局，这一点着实打破了市场的认知。但写字楼租 赁运营，机遇与挑战并存。 溢价率4.47%，961万拍下！ 值得一提的是，该楼栋对于租金支付要求每半年支付一次。另外，年租金前4年不变，第五年年租金比 上一年增长3%，第六年、第七年的年租金与第五年保持一致，第八年年租金比上一年增长3%，第九 年、第十年的年租金与第八年保持一致，最终十年的租金金额合计为98745580.92元，将近1个亿。 根据工商资料显示，西安优居汇房地产营销策划有限公司成立于2017年3月，至今成立近9年，所属行业 为房地产业，为非居住房地产租赁。该公司做的是写字楼租赁运营，将空置的写字楼整租回来然后返 租，赚取差价。事实上，目前西安有不少公司在写字楼租赁运营。 写字楼租赁运营的机遇与挑战 纵观此次溢价成交的写字楼浙商银行股份有限公司西安分行大楼为泰华金贸国际其中的一栋。 泰华金贸国际是位于高新区沣惠南路与科技二路交汇处西南角的大型商务综合体，总建筑面积约40万平 米，定位为 ...

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report provides a comprehensive analysis of 127 regional banks in Jiangsu Province, highlighting their asset and liability structures, profitability, and asset quality [6][18] - Jiangsu's regional banks have shown a significant increase in asset growth, with major city commercial banks growing at 19.4%, surpassing the growth of listed city commercial banks at 14.2% [24][26] - The report indicates that the loan-to-asset ratio for city commercial banks is projected to reach 48.4% in 2024, reflecting a gradual increase in lending activities [30] - Jiangsu's regional banks exhibit better return on assets (ROA) compared to listed banks, with city commercial banks outperforming by 16 basis points and rural commercial banks by 9 basis points [6][42] - The asset quality of Jiangsu's regional banks is superior to that of listed banks, with lower non-performing loan ratios and higher provision coverage ratios [6][42] Summary by Sections 1. Economic Structure of Jiangsu Province - Jiangsu Province is focusing on new industrialization and strategic emerging industries, with significant contributions from cities like Nanjing and Suzhou [13][14] 2. Overview of 127 Regional Banks in Jiangsu - The report categorizes the banks into city commercial banks, rural commercial banks, and others, with a total of 127 banks established between 2006 and 2015 [18][20] 3. Asset/Liability Structure - The asset growth of major city commercial banks is accelerating, while rural commercial banks are experiencing a decline in growth rates [24][26] - The loan-to-asset ratio for city commercial banks is expected to increase to 48.4% by 2024, indicating a shift towards more lending [30] 4. Profitability - Jiangsu's regional banks have a higher ROA compared to listed banks, with city commercial banks showing a 16 basis point advantage [6][42] 5. Asset Quality/Capital Levels - Jiangsu's regional banks maintain a lower non-performing loan ratio compared to listed banks, with city commercial banks having a 30 basis point lower ratio [6][42]

浙商银行将努力缩短受影响时间，系统维护后如果您在业务办理过程中遇到疑问，请垂询浙商银行24小 时客户服务热线95527。由此给您带来的不便，敬请谅解。 2026年1月23日，浙商银行（601916）发布公告称，为了能向您提供更加优质的服务，浙商银行将分别 于2026年2月4日和2月6日0:10至3:00进行计算机系统维护，请您知晓并提早进行准备。 2月6日0:10至3:00维护期间，浙商银行手机银行服务将有2次瞬断影响，届时请稍后再试。 2月4日0:10至3:00维护期间，浙商银行网上银行、手机银行、微信银行、微信小程序、银企直连、收付 通、数字人民币、外汇业务、贵金属（含财富金积存）业务、第三方支付等电子渠道业务（包含通过 OpenAPI方式调用行内服务、余额查询、回单查询和打印等），ATM取现转账和POS消费业务、无卡线 上办理等自助业务，个人借记卡和信用卡（含申请、分期等）业务、跨行转账、智慧大额存单查询、云 账通、贷款、理财等业务将出现短时间服务中断现象，其中涉及银联服务的将在0:30-1:00停止服务。通 过短信或者手机银行APP发送的消息通知（含动账交易、余额变更、登录或支付验证码等）可能出现发 ...

Core Insights - Gold prices have been on the rise since 2025, leading to a surge in demand for gold-linked structured deposit products from various banks, with some products offering annualized returns as high as 8% [1] Group 1: Product Offerings - Multiple banks have launched gold-linked structured deposit products, with variations in minimum investment, duration, and yield, resulting in some popular products being sold out [1] - China Bank introduced a product with a minimum investment of 10,000 yuan and a term of 87 days, offering an annualized yield ranging from 0.2% to 5.2% [2] - Other banks, such as the Bank of Communications and Minsheng Bank, have also released competitive products with varying yields and investment thresholds [2] Group 2: Market Trends - As of December 2025, the balance of structured deposits in Chinese banks reached 4.25 trillion yuan, marking a year-on-year growth of 6.01%, with unit structured deposits accounting for 69.49% of the total [3] - The trend of companies investing in structured deposits has increased, with numerous A-share companies announcing investments in gold-linked products [3] Group 3: Investment Appeal - The popularity of structured deposits is attributed to their dual advantages of capital protection and higher returns compared to traditional savings, especially in a low-interest-rate environment [4] - The rising gold prices, driven by its safe-haven and anti-inflation properties, have made gold-linked structured deposits attractive for investors seeking to capitalize on market gains [5]

从资金流向上来看，当日股份制银行板块主力资金净流出9.6亿元，游资资金净流出2.76亿元，散户资金 净流入12.36亿元。股份制银行板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601818 | 光大银行 | 3.38 | 0.60% | 220.24万 | 7.45 Z | | 600016 | 民生银行 | 3.77 | 0.27% | 234.59万 | 8.87亿 | | 601916 | 浙商银行 | 2.96 | 0.00% | 101.89万 | 3.02亿 | | 000001 | 平安银行 | 11.07 | 0.00% | 78.86万 | 8.74亿 | | 600015 | 华夏银行 | 6.44 | -0.92% | 126.87万 | 8.20亿 | | 600036 | 招商银行 | 37.85 | -1.02% | 187.75万 | 71.38亿 | | 600000 | 浦发银行 | 10.63 | -1.02% | 152.98万 ...

Investment Rating - The report provides a "Buy" rating for all major banks analyzed, indicating a positive outlook for the banking sector [7]. Core Insights - The digital renminbi has entered its 2.0 era, transitioning from a central bank liability (M0) to a commercial bank liability (M1), allowing it to earn interest and be included in deposit insurance and reserve requirements [6][14]. - This transformation positions China as the first economy to offer interest on its central bank digital currency (CBDC), fundamentally altering its monetary attributes and creating a new financial paradigm in the digital economy [27]. - The digital renminbi's interest-bearing feature enhances user motivation to hold it, shifting its perception from a mere payment tool to a viable store of value, thus promoting its integration into everyday financial activities [27][28]. Summary by Sections 1. Digital Renminbi 2.0 Era - The digital renminbi (e-CNY) is now classified as a digital deposit currency, which can earn interest and is managed under a new regulatory framework [14]. - Major state-owned banks have begun offering interest on digital renminbi wallet balances, marking a significant shift in its utility and appeal [14][27]. 2. Development Progress and Application Status - The development of the digital renminbi began in 2014, with significant milestones including pilot tests in various cities and the establishment of a comprehensive operational framework by 2025 [32][33]. - As of November 2025, the digital renminbi has processed 34.8 billion transactions amounting to 16.7 trillion yuan, with extensive coverage across multiple provinces and cities [37]. 3. Global CBDC Development Trends - The report identifies three main trends in global CBDC development: active retail CBDC initiatives, innovation in payment systems, and cautious approaches in some countries like the U.S. [6]. - China's proactive stance in developing its CBDC positions it favorably in the global digital economy landscape, particularly in cross-border trade applications [30].

证券之星消息，1月21日股份制银行板块较上一交易日下跌1.78%，中信银行领跌。当日上证指数报收于 4116.94，上涨0.08%。深证成指报收于14255.12，上涨0.7%。股份制银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) | | --- | --- | --- | --- | --- | --- | | 000001 | 平安银行 | 11.07 | -0.81% | 90.01万 | 10.01亿 | | 601818 | 光大银行 | 3.36 | -0.88% | 255.85万 | 8.64亿 | | 600015 | 华夏银行 | 6.50 | -0.91% | 57.34万 | 3.74亿 | | 600016 | 民生银行 | 3.76 | -1.05% | 276.70万 | 10.45 Z | | 600036 | 招商银行 | 38.24 | -1.27% | 121.50万 | 46.84亿 | | 601916 | 浙商银行 | 2.96 | -1.33% | 141.40万 | 4.21亿 | | 601166 | ...

Group 1 - The Shanghai Free Trade Account (FT Account) has seen significant developments recently, with the approval of new financial institutions and upgrades to existing accounts, indicating a potential increase in foreign participation in China's cross-border financial activities [1][2] - Morgan Stanley Bank (China) Limited's Shanghai branch has been approved as the first new FT account financial institution in over five years, marking a notable opportunity for foreign banks in the region [1] - As of the latest update, there are 62 financial institutions with FT account qualifications in Shanghai, with 49 being banks, reflecting a growing trend in the FT system [1] Group 2 - The implementation of the "Implementation Measures for the Function Upgrade of Free Trade Accounts" by the People's Bank of China on December 5 has introduced significant policy upgrades, allowing for more flexible cross-border fund transfers [2][4] - The new regulations enable trial enterprises to conduct capital account business without the constraints of external debt quotas or prior registration with foreign exchange authorities, enhancing operational efficiency [2][4] - Major banks, including state-owned and foreign banks, have quickly responded to the new policy by facilitating the opening of upgraded FT accounts for clients, indicating strong market interest and potential for increased cross-border trade [3][4] Group 3 - The recent policy changes are expected to create a multiplier effect for cross-border trade and investment, improving the efficiency of capital allocation for enterprises [4] - The expansion of the FT account system is anticipated to continue, with more financial institutions likely to be added to the list of qualified entities in the future [5]

Group 1 - The Ministry of Finance and other departments have released five policy documents aimed at optimizing financial support for personal consumption loans, equipment updates, private investment guarantees, service industry loans, and small and micro enterprise loans [1][9][29] - The personal consumption loan subsidy policy has been extended until December 31, 2026, with adjustments to the subsidy standards and an expanded range of supported financial institutions [4][5][6] - The equipment update loan subsidy policy includes a 1.5% subsidy on fixed asset loans for equipment updates, applicable for up to two years, and has been expanded to include various sectors such as construction, aviation, and digital technology [10][11][12] Group 2 - The private investment guarantee plan has a total quota of 500 billion yuan, to be implemented over two years, focusing on supporting small and micro enterprises in various sectors including technology upgrades and service industry enhancements [17][18] - The plan includes a risk-sharing mechanism where banks will bear at least 20% of the loan risk, while the government guarantee fund will cover up to 80% [19] - The government will also reduce guarantee fees and increase the compensation limit for the guarantee fund to enhance support for private investments [20] Group 3 - The service industry loan subsidy policy has been extended to December 31, 2026, with an increased subsidy cap of 10 million yuan per loan and a 1% annual subsidy rate [23][24] - The policy now includes additional sectors such as digital, green, and retail industries, expanding the scope of financial support [24][25] - The implementation of these policies will involve streamlined processes for fund allocation and enhanced collaboration among financial institutions and regulatory bodies [26][28]

Group 1 - The core viewpoint of the news is the implementation of a financial subsidy policy for equipment renewal loans to support businesses in reducing financing costs and promoting effective investment [3][4][5] - The policy includes a 1.5% interest subsidy on fixed asset loans for equipment renewal projects, applicable for a maximum of two years, and is effective until December 31, 2026 [3][4] - The scope of support has been expanded to include various sectors such as construction, aviation, digital technology, and green energy, emphasizing high-end, intelligent, and digital equipment updates [4][6] Group 2 - A total of 26 banks are designated as eligible for processing the interest subsidy loans, including major national banks and several regional banks [4][5] - The subsidy process has been optimized to include a "pre-allocation + settlement" method, streamlining the application and approval process for banks and provincial financial departments [5][6] - The policy aims to enhance the experience of businesses by ensuring timely communication regarding subsidy payments through modern technology [6][7] Group 3 - The policy for small and micro enterprises includes a 1.5% interest subsidy on fixed asset loans, with a maximum loan amount of 50 million yuan, effective from January 1, 2026 [8][9] - The targeted sectors for this subsidy include new energy vehicles, medical equipment, and various service industries, aiming to stimulate investment and production [9][10] - The operational mechanism involves a "total-to-total" model for coordination between financial institutions and fiscal departments to ensure efficient processing of subsidy funds [11][12] Group 4 - The service industry loan subsidy policy has been extended until December 31, 2026, with an increased maximum loan amount of 10 million yuan and a 1% interest subsidy for one year [16][17] - New sectors such as digital, green, and retail have been added to the support scope, enhancing the policy's relevance to current economic trends [17][18] - The funding allocation process has been refined to improve efficiency and reduce redundancy in the approval process [18][19] Group 5 - A special guarantee plan for private investment has been introduced with a total quota of 500 billion yuan over two years, aimed at supporting small and micro enterprises [22][24] - The plan includes risk-sharing mechanisms where banks bear at least 20% of the loan risk, while the government guarantee fund covers up to 80% [24][25] - The initiative encourages innovative financing models and aims to enhance the capital strength of the government guarantee fund to support private investments effectively [26][27]