Core Viewpoint - The surge in institutional research on listed banks in the first half of the year indicates a significant increase in market interest in bank stocks, particularly focusing on credit issuance, dividend plans, and asset quality [1][2]. Group 1: Institutional Research Trends - In the first half of the year, 19 A-share listed banks received over 1,000 institutional research visits, with Ningbo Bank, Changshu Bank, and Hangzhou Bank being the most popular [1][2]. - The focus of institutional research has been on key operational areas of banks, especially credit allocation and dividend strategies [2][3]. Group 2: Credit Issuance and Dividend Plans - Ningbo Bank, Changshu Bank, and Hangzhou Bank were the top three banks in terms of research visits, with 235, 192, and 153 visits respectively [2]. - Hangzhou Bank reported that its credit issuance has improved compared to the previous year, with a focus on strategic sectors such as technology and manufacturing [2]. - Chongqing Bank has maintained a high cash dividend level for 11 consecutive years since its H-share listing, with plans for a sustainable dividend strategy [3][4]. Group 3: Asset Quality and Net Interest Margin - Many banks expressed confidence in maintaining stable asset quality throughout the year, with measures in place to enhance risk management [5][6]. - Suzhou Bank reported a net interest margin of 1.34% at the end of Q1, which is a slight decrease compared to the end of 2024, but better than the industry average [6]. - The overall expectation is for a marginal improvement in asset quality, supported by policy measures and digital risk management [5][6].

Summary of Key Points Core Viewpoint - Tian Sheng Pharmaceutical Group Co., Ltd. has approved a guarantee for its wholly-owned subsidiary, Tian Sheng Pharmaceutical Group Chongqing Drug Research Institute Co., Ltd., to secure a loan of RMB 5 million from Chongqing Bank for a term of three years [1][2]. Group 1: Guarantee Overview - The board of directors approved the guarantee for the subsidiary to apply for credit from Chongqing Bank [1]. - The loan amount is RMB 5 million with a repayment period of three years [2]. - The company signed a guarantee contract and a mortgage contract with Chongqing Bank to secure the loan [1][2]. Group 2: Contract Details - The guarantee contract specifies that Tian Sheng Pharmaceutical Group Co., Ltd. is the guarantor for the loan taken by its subsidiary [2]. - The principal amount of the loan is RMB 5 million, with interest and penalties calculated as per the main contract [2]. - The mortgage contract also states that the company will cover all related costs, including legal fees and other expenses incurred during the enforcement of the mortgage [2]. Group 3: Financial Overview of the Subsidiary - Tian Sheng Pharmaceutical Group Chongqing Drug Research Institute Co., Ltd. was established on March 22, 2010, with a registered capital of RMB 50 million [3][4]. - The total assets of the subsidiary as of December 31, 2024, were RMB 5,098.31 million, with total liabilities of RMB 240.60 million [5]. - The subsidiary reported a net profit of RMB 125.17 million for the year ending December 31, 2024, but incurred a loss of RMB 212.66 million for the first quarter of 2025 [5]. Group 4: Guarantee Amounts - The total external guarantee amount for the company and its subsidiaries is RMB 202 million, with a total balance of RMB 152.24 million, representing 7.59% of the equity attributable to the parent company as of December 31, 2024 [5]. - There are no overdue guarantees or litigation issues related to external guarantees [5].

Group 1 - The report details the changes in the registered capital and issued shares of Chongqing Bank as of June 30, 2025, indicating no change in H-shares and a slight increase of 2,374 in A-shares [1][2] - The total registered capital at the end of the month is RMB 3,474,583,227, with H-shares remaining at 1,579,020,812 and A-shares increasing to 1,895,562,415 [1][3] - The report confirms that all securities issuance and stock transfers have been authorized by the board and comply with applicable listing rules and regulations [3][4] Group 2 - The report specifies that there were no changes in the number of treasury shares for both H-shares and A-shares during the month [1][2] - The A-share convertible bonds have undergone adjustments in their conversion price due to profit distributions, with the latest adjustment bringing the price to RMB 9.67 per share [1][3] - The total number of shares that could potentially be issued due to the convertible bonds is calculated to be 1,344,278,076 shares based on the adjusted conversion price [1][3]

证券代码：601963 证券简称：重庆银行 公告编号：2025-047 可转债代码：113056 可转债简称：重银转债 重庆银行股份有限公司 特此公告。 重庆银行股份有限公司董事会 1 关于股东权益变动事项的进展公告 本行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。 重庆银行股份有限公司（以下简称"本行"）于 2025 年 5 月 8 日在上海证券 交易所网站（www.sse.com.cn）披露了《关于股东权益变动的提示性公告》（公 告编号：2025-033）。为增强国企战略协同、业务协同，促进国企高质量发展， 重庆发展投资有限公司计划将所持重庆科技创新投资集团有限公司（以下简称 "重庆科创投集团"）100%的股权，无偿划转给本行第一大股东重庆渝富资本运 营集团有限公司（以下简称"渝富资本"）的控股股东重庆渝富控股集团有限公 司。同时，重庆科创投集团吸收合并其子公司重庆科技金融集团有限公司（以下 简称"重庆科技金融集团"），重庆科技金融集团所持有的本行股份由重庆科创投 集团承继，目前该吸收合并事项已完成工商变更，重庆科技金融集团已 ...

经中国证券监督管理委员会《关于核准重庆银行股份有限公司公开发行可转 换公司债券的批复》（证监许可〔2022〕505 号）核准，重庆银行股份有限公司 （以下简称"本行"）获准向社会公开发行面值总额人民币 130 亿元的可转换公 司债券（以下简称"可转债"或"重银转债"），每张面值人民币 100 元，按面 值发行，期限 6 年，票面利率第一年为 0.20%、第二年为 0.40%、第三年为 1.00%、 第四年为 1.70%、第五年为 2.50%、第六年为 3.50%。 经上海证券交易所《关于重庆银行股份有限公司可转换公司债券上市交易的 通知》（上海证券交易所自律监管决定书〔2022〕93 号）同意，本行 130 亿元可 证券代码：601963 证券简称：重庆银行 公告编号：2025-048 可转债代码：113056 可转债简称：重银转债 重庆银行股份有限公司 关于可转债转股结果暨股份变动公告 本行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： 一、可转债发行上市概况 单位：股 | 股份类别 | 变动前 | | 本次可转债 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年6月30日 狀態: 新提交 | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 601963 | 說明 | A股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,895,560,041 | RMB | | 1 RMB | | 1,895,560,041 | | 增加 / 減少 (-) | | | 2,374 | | | RMB | | 2,374 | | 本月底結存 | | | 1,895,562,415 | RMB | | 1 RMB | | 1,895,562,415 | 本月底法定/註冊股本總額： RMB 3,474,583,227 致：香港交易及結算所有限公司 公司名稱: 重慶銀行股份有限公司 呈交日期: 2025年 ...

Group 1 - The report presents the "Shenwan Hongyuan Top Ten Gold Stocks" as a monthly updated selection reflecting market trends and investment strategies [1][10] - The previous gold stock combination achieved a return of 10.81% from June 1 to June 30, 2025, outperforming the Shanghai Composite Index and CSI 300 Index by 11.85 and 12.25 percentage points respectively [4][5] - Since the first release on March 28, 2017, the gold stock combination has cumulatively increased by 302.29%, with the A-share combination rising by 239.35% [5][4] Group 2 - The current strategy maintains a judgment of a high central oscillation market, with expectations for a bull market core period emerging in 2026-27 [13] - The report suggests focusing on growth sectors such as national defense, innovative pharmaceuticals, and robotics, while strategically favoring Hong Kong stocks as a leading market in a potential bull market [13] - The top recommended stocks include "Iron Triangle" stocks: Plater, Haier Smart Home, and China Life (Hong Kong), along with other selected stocks like Yiwei Lithium Energy and Alibaba-W (Hong Kong) [16][17] Group 3 - The report highlights the performance and rationale for each of the top ten gold stocks, emphasizing their growth potential and market positioning [19][21] - For instance, Yiwei Lithium Energy is expected to benefit from the electric heavy truck market, while Haier Smart Home is positioned to leverage high-end market trends and digital upgrades [17][19] - The report also provides valuation and profit forecasts for these stocks, indicating expected growth rates and earnings per share (EPS) for the coming years [21][22]

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of Chongqing Bank, including its stock performance and industry comparisons [1][3] - As of June 30, Chongqing Bank's stock closed at 10.86 yuan, down 1.36%, with a rolling PE ratio of 7.26 times and a total market capitalization of 37.734 billion yuan [1] - The average PE ratio for the banking industry is 7.29 times, with a median of 6.67 times, placing Chongqing Bank at the 31st position within the industry [1] - As of March 31, 2025, the number of shareholders in Chongqing Bank is 35,943, a decrease of 4,248 from the previous count, with an average holding value of 352,800 yuan per shareholder [1] Group 2 - Chongqing Bank's main business includes banking and related financial services, with key products such as corporate banking, inclusive finance, personal banking, financial market services, investment banking, and trade finance [2] - The bank has received multiple awards in 2024, including recognition for mobile internet application service capabilities and as a model for financial technology innovation [2] - In the first quarter of 2025, Chongqing Bank reported an operating income of 3.581 billion yuan, a year-on-year increase of 5.30%, and a net profit of 1.624 billion yuan, also up by 5.33% [3] - The bank's PE ratios are compared with other banks, showing a competitive landscape with various banks having lower PE ratios, such as Guiyang Bank at 4.51 times [3]

Investment Rating - The report maintains an "Overweight" rating for the banking sector, indicating a positive outlook for bank stocks despite recent short-term corrections [4]. Core Insights - The banking sector is expected to maintain its performance due to the relative advantage of dividend yields, stable earnings, and predictable dividends. The average dividend yield for major state-owned banks is 4.07%, with a significant spread of 2.42% over the 10-year government bond yield, placing it in the 49.10th percentile over the past decade [1][17]. - The report highlights that the insurance sector is likely to increase its allocation to high-dividend bank stocks, especially with anticipated reductions in preset interest rates for insurance products [1]. - The report anticipates a stable profit growth for banks, with a projected profit growth rate of 2.35% for listed banks in 2024, supported by substantial unrealized gains from self-owned bonds and a robust provisioning coverage ratio of 238% as of Q1 2025 [3][7]. Summary by Sections Section 1: Market Performance - The banking index experienced a nearly 3% decline on June 27, 2025, but the overall market sentiment remains positive due to the sector's dividend yield advantages and stable earnings [1]. Section 2: Fund Flows - Since the beginning of 2025, southbound funds have significantly increased their allocation to Hong Kong bank stocks, with a net inflow of approximately 680 billion yuan, of which 146.2 billion yuan is directed towards bank stocks [2]. Section 3: Earnings Stability - Historical data indicates that the banking sector has low earnings volatility, with profits showing stable positive growth. The report emphasizes the importance of unrealized gains from bond investments and strong provisioning as key factors supporting profit stability [3][7][8]. Section 4: Sector Outlook - The report suggests that while short-term export impacts may arise from tariff policies, long-term domestic policies aimed at stabilizing the real estate market and boosting consumption will benefit the banking sector. Specific banks such as Ningbo Bank, Postal Savings Bank, and China Merchants Bank are highlighted as potential investment opportunities [9]. Section 5: Key Data Tracking - The report includes various financial metrics, such as the average daily trading volume of stocks at 14,868.42 billion yuan and a margin balance of 1.83 trillion yuan, indicating active market engagement [10].

重庆银行股份有限公司（以下简称"本行"）于 2025 年 6 月 25 日发出第六 届监事会第四十六次会议通知，会议以书面传签表决方式召开，表决截止日为 2025 年 6 月 27 日。会议应参会监事 7 名，实际参会监事 7 名。会议的召开符合 法律法规及《重庆银行股份有限公司章程》的有关规定。 会议审议通过了以下议案： 关于不再设立监事会的议案 议案表决情况：有效表决票 7 票，同意 7 票，反对 0 票，弃权 0 票。 本议案尚需提交本行股东大会审议。 证券代码：601963 证券简称：重庆银行 公告编号：2025-046 可转债代码：113056 可转债简称：重银转债 重庆银行股份有限公司 第六届监事会第四十六次会议决议公告 本行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。 特此公告。 重庆银行股份有限公司监事会 2025 年 6 月 27 日 1 ...