智通财经6月27日电，银行板块日内震荡回落，农业银行、青岛银行、重庆银行、中国银行均跌超2%， 工商银行、杭州银行、招商银行、交通银行等跌幅靠前。 银行板块震荡回落 农业银行等多股跌逾2% ...

Core Viewpoint - The banking industry is experiencing a significant salary reduction trend, particularly affecting high-level executives, with a notable increase in the number of banks reporting salary cuts and the extent of these reductions [2][3][5]. Group 1: Salary Reduction Trends - In 2023, 14 out of 42 listed banks in A-shares reported a decline in average salary, with the maximum drop reaching 13.59%. This number increased to 18 banks in 2024, with the maximum decline expanding to 15% [2]. - The total compensation for bank management decreased from 870 million yuan in 2023 to 700 million yuan in 2024, a drop of 19.5%. Meanwhile, the average salary for bank employees fell from 462,300 yuan to 444,900 yuan, a decrease of 2.68% [6][7]. Group 2: Executive Salary Cuts - A significant 78.5% of the management teams in listed banks saw their salaries decrease year-on-year in 2024. The average salary for executives in various banks has been notably impacted, with some banks experiencing drastic reductions [5][10]. - Specific banks like Everbright Bank and Zhejiang Commercial Bank saw executive salary reductions of 57.9% and 39.72%, respectively, indicating a trend where executive pay is being cut more severely than that of general employees [10]. Group 3: Factors Influencing Salary Changes - The primary driver of salary fluctuations in banks is the variable component of compensation, which is heavily influenced by the banks' revenue and profit conditions. The floating salary constitutes 65% of the total compensation, making it a critical factor [12][13]. - The banking sector is facing significant revenue pressures, with the average net interest margin dropping to 1.52% in 2024, a decline of 17 basis points from 2023. This has led to a 2.20% decrease in net interest income, marking two consecutive years of negative growth [14][15]. Group 4: Structural Adjustments and Policy Impacts - The banking industry is undergoing structural adjustments, with a focus on risk management and governance. Policies such as the "salary limit order" have imposed constraints on executive compensation, leading to a shift in how salaries are structured [16][17]. - The emphasis on "cost reduction and efficiency enhancement" has resulted in banks prioritizing compensation for frontline and value-creating positions, further contributing to the decline in executive salaries [18][17]. Group 5: Performance-Based Salary Recovery - The trend of "reverse salary recovery" has emerged, where banks reclaim performance bonuses from executives based on risk management failures. This practice aims to align compensation with long-term risk management rather than short-term performance [20][21]. - The total amount reclaimed through reverse salary recovery has approached 99 million yuan, indicating a significant shift in the banking industry's approach to executive compensation and risk management [20].

Group 1 - The core point of the article is the issuance of A-share convertible bonds by Chongqing Bank, with a total face value of 13 billion yuan approved for public offering [2][3][11] - The initial conversion price for the bonds is set at 11.28 yuan per share, which will be adjusted based on specific corporate actions such as stock dividends and capital increases [4][5][12] - The bonds are scheduled to pay interest annually, with the first interest payment occurring on March 24, 2025, at a rate of 1.00% [12][11] Group 2 - Chongqing Bank's financial performance for 2024 shows a net profit of 5.52 billion yuan, reflecting a year-on-year increase of 5.59% [9][10] - Total assets reached 856.64 billion yuan, marking a 12.73% increase from the previous year, while customer loans and advances totaled 440.62 billion yuan, up 12.13% [9][10] - The bank's core tier 1 capital adequacy ratio stands at 9.88%, slightly improved from the previous year, while the non-performing loan ratio decreased to 1.25% [10][9] Group 3 - The funds raised from the bond issuance are fully allocated to support the bank's future business development and will be used to supplement core tier 1 capital after bondholders convert their bonds [11][10] - The bond trustee, China Merchants Securities, has been actively monitoring the issuer's credit status and the use of raised funds to protect bondholders' interests [11][12] - The bonds do not require a guarantee as the bank's net assets exceed the required threshold [11][10]

证券代码：601963 证券简称：重庆银行 公告编号：2025-044 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 （一）本次权益变动前持股情况 本次权益变动前，渝富资本及其一致行动人合并持有本行股份 814,767,251 股，持股比例为 23.45%。具体持股情况如下表列示： | 股东名称 | 股份类别 | 持股数（股） | 持股比例（%） | | --- | --- | --- | --- | | 重庆渝富资本运营集团有限公司 | A 股 | 421,750,727 | 12.14 | | 重庆市水利投资（集团）有限公司 | 股 A | 295,335,802 | 8.50 | | 重庆渝富（香港）有限公司 | H 股 | 74,566,000 | 2.15 | | 重庆水务环境控股集团有限公司 | 股 A | 10,068,631 | 0.29 | 1 关于股东权益变动的提示性公告 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： 本次权益变动未触及要约收购，未导致本行第一大股东发 ...

证券代码：601963 证券简称：重庆银行 转债代码：113056 转债简称：重银转债 重庆银行股份有限公司 公开发行 A 股可转换公司债券 受托管理事务报告 （2024 年度） 2025 年 6 月 1 重要声明 发行人：重庆银行股份有限公司 重庆市江北区永平门街 6 号 受托管理人：招商证券股份有限公司 （广东省深圳市福田区福田街道福华一路 111 号） 依据《可转换公司债券管理办法》（以下简称"《管理办法》"）、《募集 说明书》、《受托管理协议》等相关规定及约定，招商证券股份有限公司（以下 简称"招商证券"、"受托管理人"）作为本次债券的受托管理人编制本报告。 招商证券编制本报告的内容及信息均来源于公开信息、重庆银行股份有限公司 （以下简称"公司"、"发行人"）对外发布的《重庆银行股份有限公司 2024 年度报告》等公开信息披露文件、发行人提供的相关资料或出具的相关说明以及 第三方中介机构出具的专业意见。招商证券对本报告中所包含的从上述文件中引 述内容和信息未进行独立验证，也不就该等引述内容和信息的真实性、准确性和 完整性作出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见， ...

截至2025年一季报，共有29家机构持仓重庆银行，其中基金24家、其他5家，合计持股数120308.27万 股，持股市值116.82亿元。 6月17日，重庆银行今日收盘11.04元，下跌1.43%，滚动市盈率PE（当前股价与前四季度每股收益总和 的比值）达到7.38倍，总市值383.59亿元。 从行业市盈率排名来看，公司所处的银行行业市盈率平均6.82倍，行业中值6.56倍，重庆银行排名第36 位。 作者：行情君 本文源自：金融界 序号股票简称PE(TTM)PE(静)市净率总市值(元)13重庆银行7.387.500.72383.59亿行业平均 6.826.800.713442.48亿行业中值6.566.540.64948.35亿1贵阳银行4.404.310.36222.66亿2华夏银行 4.714.570.411263.65亿3长沙银行5.095.140.59402.56亿4平安银行5.235.130.522282.14亿5北京银行 5.495.450.511408.12亿6江阴银行5.735.750.62117.16亿7光大银行5.765.770.502404.78亿8张家港行 5.925.970.6211 ...

Report Industry Investment Rating There is no information provided in the report regarding the industry investment rating. Core View The report analyzes the situation of bank convertible bonds shrinking in the convertible bond market and explores possible bottom - position allocation ideas for convertible bond funds and other types of funds after the reduction of bank convertible bonds as large - cap bottom - position varieties. It provides suggestions for investors on how to choose bottom - position varieties based on the characteristics of convertible bond bottom - position varieties and market conditions [13]. Summary by Relevant Catalogs 1. Convertible Bond Bottom - Position Variety Overview - Pan - fixed - income + funds have a certain demand for convertible bonds. Convertible bond funds have an average convertible bond position of about 78%, and the convertible bond positions of first/second - level bond funds, balanced hybrid, and partial - debt hybrid funds are mostly maintained above 10% [1][15]. - At the industry level, public funds generally use convertible bonds from industries such as banks and power equipment as bottom - position varieties. Bank convertible bonds account for a large proportion in the convertible bond bottom - position varieties of public funds at all times, but the bottom - position varieties change with factors such as bond balance and market conditions [19][21]. 2. Overview of Bank Convertible Bonds - the "Major Holders" of Convertible Bond Bottom - Positions - **Purpose of Issuance**: Issuing convertible bonds is an important way for commercial banks to supplement core tier - 1 capital, and they need to achieve this through continuous conversion. Some bank convertible bonds have seen large shareholders convert at a premium to seize the opportunity to supplement core tier - 1 capital [2][28]. - **Characteristics**: Bank convertible bonds have high safety, can be pledged, and have high dividend yields of underlying stocks, almost no default risk, and strong anti - risk ability. They are also an important income - enhancement channel for stable accounts [2][33]. - **Scale Trend**: In recent years, there have been few bank convertible bond issuances, but the delisting rhythm has accelerated significantly. There are currently no new bank convertible bond issuances in the short term, and there are no new bank convertible bond pre - plans after the refinancing regulations [40][43]. 3. How to Allocate Subsequent Bottom - Position Varieties? - **Characteristics of Convertible Bond Bottom - Position Varieties**: Most bottom - position varieties have high ratings (AA and above), large market values (nearly 90% have a convertible bond balance of over 2 billion), and good anti - decline performance [3][46]. - **Analysis of "Possible Bottom - Position Varieties"**: - **Substituting with Other High - Rating Large - Cap Varieties**: Such as photovoltaic convertible bonds. Although there are relatively limited eligible targets, and photovoltaic convertible bonds have been increasingly favored by funds in recent quarters, whether each high - rating large - cap bond can be used as a bottom - position still needs comprehensive consideration [52][56]. - **Comparing with Public Fund Benchmarks**: Considering currently under - allocated varieties. However, in practice, most public funds' performance benchmarks do not contain convertible bond - related indices, and the conversion premium rate may be a significant interference factor [57][62]. - **Idea for Bottom - Position Selection**: - **For Convertible Bond Funds**: Consider individual bonds with a positive YTM and good credit quality of underlying stocks. Also, construct a convertible bond portfolio with low or negative correlations among some individual bonds [66][67]. - **For Non - Convertible Bond Funds**: When it is difficult to find suitable bottom - position varieties in the convertible bond market, consider switching to other types of bonds [71][72].

Investment Rating - The report maintains an "Overweight" rating for the banking sector, indicating a positive outlook for the industry compared to the overall market performance [2]. Core Insights - The report highlights that credit growth remains subdued, with May's new loans totaling 620 billion, a year-on-year decrease of 330 billion. However, the total credit volume from January to May is stable at 10.7 trillion, compared to 11.1 trillion in the same period last year [2][3]. - The report anticipates that the overall credit increment for 2025 will remain stable, projecting a credit growth rate of approximately 7.1% for the year [2]. - The report notes that the demand for retail credit has not shown signs of improvement since the second quarter, with May's household credit increasing by only 54 billion, a year-on-year decrease of 21.7 billion [2]. - Government bond issuance has exceeded 1 trillion, supporting stable social financing growth, while corporate bonds have also seen an increase due to a low-interest-rate environment [2][3]. - The report emphasizes the importance of focusing on regional banks with stable profit growth expectations and suggests specific banks such as Chongqing Bank, Suzhou Bank, and Chengdu Bank for investment [2]. Summary by Sections Credit Growth Analysis - In May, new credit was 620 billion, down 330 billion year-on-year, with total credit from January to May at 10.7 trillion [2]. - The report attributes the subdued credit growth to weak demand, debt replacement, and structural optimization [2]. Corporate Lending Trends - Corporate short-term loans increased by 110 billion, while medium to long-term loans decreased by 170 billion, primarily due to debt replacement affecting infrastructure investment [2]. - The report indicates that the government bond issuance has been robust, contributing to the overall social financing growth [2]. Retail Lending Insights - Retail credit demand remains weak, with May's household credit showing a net increase of only 54 billion, reflecting a cautious attitude from banks towards consumer loans [2]. - The report notes a decline in short-term household loans, indicating a challenging environment for retail lending [2]. Investment Recommendations - The report recommends focusing on banks with stable growth prospects and suggests specific banks for investment, including Agricultural Bank of China and other regional banks [2].

张松先生在担任本行副行长期间恪尽职守、勤勉尽职，在公司银行、投资银 行、贸易金融等分管领域，持续提升工作质效，全力推动高质量发展。本行董事 会对张松先生担任副行长期间为本行做出的贡献给予高度评价并表示衷心感谢！ 特此公告。 | 证券代码：601963 | 证券简称：重庆银行 | 公告编号：2025-043 | | --- | --- | --- | | 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 | | 关于高级管理人员离任的公告 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"）董事会近日收到张松先生提交 的辞任函。张松先生因工作职务变动原因，向本行董事会提请辞去副行长职务， 张松先生的辞任自 2025 年 6 月 12 日生效。根据相关任命文件，张松先生担任中 共重庆银行股份有限公司委员会副书记。 二、离任对公司的影响 张松先生已确认与本行董事会、监事会及高级管理层无不同意见，亦没有与 辞职有关的事项需通知交易所、本行股东及债权人。张松先生分 ...

Group 1 - The core viewpoint of the articles highlights the performance and recognition of Chongqing Bank, showcasing its financial metrics and industry standing [1][2][3] - As of June 12, Chongqing Bank's stock closed at 11.32 yuan, with a PE ratio of 7.56 and a total market capitalization of 39.332 billion yuan [1] - The bank's PE ratio is higher than the industry average of 6.78 and the median of 6.51, ranking it 38th among its peers [1][3] Group 2 - Chongqing Bank's main business includes various banking services such as corporate banking, inclusive finance, personal banking, financial market services, investment banking, and trade finance [2] - The bank has received multiple awards and recognitions in 2024, including the "Top Ten Wealth Management Newcomer Award" and "Outstanding Scheme" in various competitions [2] - The latest quarterly report for Q1 2025 shows a revenue of 3.581 billion yuan, reflecting a year-on-year increase of 5.30%, and a net profit of 1.624 billion yuan, also up by 5.33% [3]