Group 1 - The core viewpoint emphasizes the importance of technology finance as a key strategy for the Bank of China Shanghai Branch, focusing on supporting Shanghai's technology innovation industries and achieving a loan balance for technology enterprises exceeding 100 billion yuan by the end of March this year [1] - The Bank of China Shanghai Branch has developed targeted and diversified financial products and services to meet the differentiated financing needs of startups and growth-stage enterprises [1] - The bank has implemented an innovative scoring model based on multiple dimensions such as R&D investment and talent structure to expedite credit approval and disbursement for technology enterprises [1] Group 2 - The Bank of China has established a comprehensive support service system for the artificial intelligence sector, covering chip development, algorithm optimization, and application scenarios, contributing to the high-quality development of China's AI industry [2] - The bank has adopted a "financing + intelligence" service system, providing nearly 50 million USD in equity financing and a range of services including fund settlement and cross-border investment for a leading smart driving chip enterprise [2] - The Bank of China Shanghai Branch aims to continue supporting national strategies and building a comprehensive technology finance service system to foster new productive forces and contribute to Shanghai's goal of becoming a globally influential technology innovation hub [2]

证 券 研 究 报 告 银行业周报（20250512-20250518） 推荐（维持） 当前五大行 A 股股息率处于何种水平？ 银行 2025 年 05 月 18 日 华创证券研究所 2015-2025 年，大致可以划分为四个阶段：1）2Q15-1Q16，五大行季度平均股 息率震荡上行，平均股息率从 4.4%升至 5.3%；2）2Q16-1Q18，五大行季度平 均股息率震荡下行，从 5.3%降至 4.0%；3）2Q18-1Q23，五大行季度平均股息 率开启较长时间的震荡上行，从 4.4%升至 7.2%；4）2Q23-2Q25，五大行季度 平均股息率呈现较快下行趋势，从 6.3%降至 4.4%。当前水平处于 2015 年以 来的较低分位，与 2Q15 和 2Q18 水平相当。 与历史上当期的国债收益率相比，除了 1Q18 跑输 10 年期国债收益率之外， 其余时间五大行季度平均股息率均高于 10 年期国债收益率。其中 1Q20-2Q21， 高于 10 年期国债收益率 2pct；3Q21-2Q24，高于 10 年期国债收益率 3-4pct。 25 年以来仍然高于 10 年期国债收益率 2pct。 24 年所有 A ...

证券研究报告 | 行业周报 gszqdatemark 2025 05 18 年 月 日 本周聚焦——各家银行拨备计提充足程度如何？ 一、三阶段占比及拨备计提比例 1、银行基于金融工具信用风险自初始确认后是否已显著增加或已发生信 用减值，将各笔业务划分入三个风险阶段，计提预期信用损失。 第一阶段：自初始确认后信用风险无显著增加的金融工具，需确认金融工 具未来 12 个月内的预期信用损失金额； 第二阶段：自初始确认后信用风险显著增加，但尚无客观减值证据的金融 工具，需确认金融工具在整个存续期内的预期信用损失金额； 第三阶段：在资产负债表日存在客观减值证据的金融工具，需确认金融工 具在整个存续期内的预期信用损失金额。 注 1：信用风险显著增加的标准可能包括：金融工具的违约概率上升是否 超过临界值、融资背景是否真实、逾期是否超过 30 天、是否涉及展期或 调整计息周期、是否出现重大信用风险事件以及其他表明信用风险显著增 加的情况。 注 2：对已发生减值的判定标准可能包括：金融资产逾期 90 天（不含）以 上、对发生财务困难的债务人作出正常情况不会作出的让步、债务人很可 能倒闭或进行其他财务重组、因发生重大财务困难，该 ...

5月17日，由中国银行广东省分行（下称"广东中行"）主办的"2025年第一届广东中行菁英留学节"暨 《"留"在中银--中国银行留学服务生态圈》发布会在广州正式启动，全省10城同频联动，超1000组留学 家庭现场参加活动。 依托全省1000余家网点、70多家跨境金融服务中心以及近2000名专业人才队伍，广东中行每年服务超8 万个留学客户，资金结算交易量达15亿美元。同时，自2020年以来，通过"繁星"留学生实习计划，已累 计为近百名留学生提供实习机会，帮助留学生提升能力素质与就业竞争力，为留学生未来职业发展奠定 良好基础。 专业优势+全球布局：全新升级发布留学服务生态圈 广东中行副行长郭瑜斌在开幕致辞中表示，凭借跨境金融的传统专业优势和全球64个国家及地区机构布 局优势，中国银行每年为近百万的留学家庭提供专业、全面的留学金融服务。 名校参展+大咖讲座：活动内容干货满满 本次活动还邀请到哥伦比亚大学、剑桥大学教授以及英国、澳洲、欧洲、亚洲等多家海外名校招生官来 到现场，面对面一站式解锁名校申请模型和教学体系认知，并解读最新院校招生政策等。澳大利亚驻广 州总领事馆商务官员周觅琼以"优质教育+毕业生工签政策"为支点， ...

为贯彻落实国家"人工智能+"行动部署，扎实推进科技创新与产业创新深度融合，5月17日，中国银行以 安徽合肥为主会场举办联合发布会，在北京、上海、广东、深圳等十个地区同步首发"券贷联动"服务方 案暨中银科创算力贷，创新融合政府"算力券"支持政策与中银科创算力贷金融服务，加力支持人工智能 产业链发展。中国人民银行、合肥市人民政府和上海人工智能实验室等相关领导和代表现场见证。 下一步，中行上海市分行将依托"政府算力券+中银科创算力贷"联动模式，持续深化"中银科创+"服务内 涵，构建覆盖芯片研发、算法优化、场景应用、大模型生态等人工智能领域的立体化支持服务体系，加 大资源支持力度，助力更多科技型企业突破"卡脖子"关键领域技术，为实现高水平科技自立自强、现代 化产业体系建设贡献中行力量。 近年来，中行上海市分行主动融入国家创新驱动发展战略，积极落实中国银行总行发布的人工智能产业 链发展行动方案，聚焦人工智能领域关键环节、重点产业，发挥综合化特色，加强行司联动，积极为人 工智能企业提供股权、债券、保险、租赁等综合金融服务，构建"科技—产业—金融"良性循环，全面推 动人工智能科技创新和产业创新深度融合。 此次发布会上海分会 ...

渤海湾畔，金融"活水"正奔涌。一批港产城融合发展重点项目"如虎添翼"，一个个金融创新首单争相涌 现……各类航运金融要素正在天津加快聚集，形成了具有竞争力的航运金融服务体系，不断提升金融对 港口、航运、贸易的支撑作用，为"蓝色经济"发展提供源源不断的支持。 推动重点项目加快建设 位于天津港保税区临港区域的港口型国家粮食物流枢纽及应急储备保障中心项目现场，挖掘机轰鸣，不 少子项目今年将竣工投用。 "项目总投资113亿元，包含码头、筒仓、粮食廊道等子项目。眼下，堆场消防能力提升工程即将竣工投 用，能极大提升码头的消防应急、保障功能。"天津临港港务集团有限公司董事长刘宏伟说。 图 为临港控股新建40万吨粮食仓储项目。（受访者供图） 大项目需要大资金，这离不开金融机构的强力支撑。 "我们联合多家银行组成银团，为项目申报了79.10亿元的银团贷款，助力保障国家粮食安全。"银团牵 头行中国建设银行天津市分行公司业务部副总经理董楠告诉记者。 走进中国银行天津市分行航运金融中心，工作人员正在为客户介绍其航运专属金融产品。记者了解到， 自中心成立以来，中国银行天津市分行不断完善航运场景下专属金融服务方案，已为航运场景下企业提 供 ...

一直以来，中行上海市分行积极参与各类主体债券发行，深度推广科创票据及科技创新债券，持续助力 债券"科创板"建设，不断加大科技创新领域融资支持力度，累计承销科创类债券规模超百亿元。通过多 元化主体发行科技创新债券，积极引导资金流向人工智能、新能源、半导体等新兴产业，推动关键核心 技术突破和科技成果转化，专项支持科创领域高质量发展。 近日，中国人民银行、中国证监会联合发文支持科技型企业、股权投资机构和金融机构三类主体发行科 技创新债。中行上海市分行积极响应，充分沟通企业和金融机构债券发行需求，凭借在债券承销领域多 年积累的专业经验，发挥中银集团综合债券投资优势，为发行人提供全方位债券承销金融服务。 在本次首批科技创新债中，中行上海市分行实现上海地区承销项目全覆盖，累计落地5单项目，包括上 海新微科技集团有限公司发行的全国首批、上海地区首单科技创新债，上海国盛集团发行的全国首单超 长期限科技创新债以及浦发银行、交通银行、上海银行的首批科技创新金融债券。与此同时，充分发挥 中行债券销售和渠道优势，在首批科技创新债发行中累计实现债券销售超50亿元，覆盖投资机构近20 家。 下一步，中行上海市分行将充分发挥集团全球化优势 ...

Group 1 - The Shanghai Composite Index decreased by 0.40%, while the CESHKM index fell by 0.62% to 6493.91 points, with a trading volume of 81.49 billion yuan [1] - The CESHKM index has increased by 9.77% over the past month, 0.21% over the past three months, and 16.01% year-to-date [1] - The CESHKM index is composed of several indices, including the China 120 Index, China A80 Index, and China 280 Index, reflecting the overall performance of large and mid-cap securities listed in Shanghai, Shenzhen, and Hong Kong [1] Group 2 - The top ten holdings of the CESHKM index include Alibaba-W (12.43%), Tencent Holdings (10.62%), Xiaomi Group-W (7.66%), and others, indicating a concentration in major tech and financial companies [1] - The market sectors represented in the CESHKM index include Consumer Discretionary (35.34%), Communication Services (22.32%), Financials (20.64%), and Information Technology (10.09%), among others [2] - The Hong Kong Stock Exchange accounts for 100% of the holdings in the CESHKM index, highlighting its exclusive focus on this market [2]

Core Viewpoint - Suzhou's foreign trade is thriving, supported by the "Suzhou Intelligent Manufacturing Ten Actions" initiative, which emphasizes high-level open innovation and market expansion. The Bank of China Suzhou Branch plays a crucial role in providing financial support to enhance foreign trade stability and quality [1][9]. Financial Support for Foreign Trade Stability - The Bank of China Suzhou Branch has established a "Stabilizing Foreign Trade" task force and developed a comprehensive action plan with 15 specific measures to strengthen financial supply and optimize trade promotion [1][2]. - In the first four months of this year, the bank issued over 58 billion yuan in financing to local import and export enterprises, demonstrating its commitment to supporting small and micro foreign trade companies [2][3]. Innovative Financial Products and Services - The bank has introduced various financing products such as "Suzhou Trade Loan" and "Cross-border E-commerce Loan" to address the financing challenges faced by small and micro enterprises [2][3]. - The bank has also launched a range of foreign exchange risk management services, including customized hedging products and a "one-stop" foreign exchange risk management service [3]. Support for International Expansion - The bank has facilitated the issuance of over 2 billion yuan in foreign-related guarantees in the first four months of this year, covering 38 countries involved in the Belt and Road Initiative [5][8]. - The bank has successfully assisted a leading equipment manufacturing company in securing a contract in Nicaragua by providing a specialized Spanish performance guarantee [5]. Cross-border Financial Services - The bank has developed a comprehensive cash management service that operates 24/7 across multiple time zones and currencies, enhancing the efficiency of global fund management for enterprises [6][7]. - The bank has actively promoted the use of RMB for cross-border transactions, supporting a company in Malaysia with 70 million yuan in cross-border RMB investment [7][8]. Policy Implementation and Market Response - The bank has effectively responded to the market's demand for high-level cross-border trade facilitation, serving over 500 quality enterprises in the region [8][9]. - In the first four months of this year, the bank provided over 20 billion yuan in cross-border RMB facilitation services to more than 90 quality enterprises [8].

Group 1 - The core point of the article is that China CITIC Financial Asset Management Co., Ltd. has increased its shareholding in Bank of China from 13.11% to 14.07% as of May 15, with an average share price of HKD 4.55 [1]