Core Viewpoint - The Bank of China Ningbo Branch emphasizes a people-centered development approach, focusing on "people's livelihood" and enhancing the sense of happiness and gain among the public through warm financial services [1] Group 1: Customer Service Initiatives - The Ningbo Cixi Branch received praise for providing efficient "cross-ocean" service to a customer in Canada who needed to make a large remittance, overcoming online channel limitations by opening a "green channel" for the transaction [2] - The Ningbo Branch's operating department was awarded a banner for patiently assisting a customer with a complex inheritance process, successfully completing the task in five hours, which had been a challenge at other banks [3] - The Ningbo Fenghua Daqiao Sub-branch extended its services to local flower farmers, providing on-site banking assistance and educating them on financial safety and fraud prevention [3] Group 2: Commitment to Community Needs - The Bank of China Ningbo Branch is committed to addressing urgent community financial needs, continuously responding to public demands with a service-first approach, and deepening the implementation of the "financial for the people" service philosophy [4]

Core Viewpoint - The Inner Mongolia Water Resources Department and the Bank of China Inner Mongolia Branch signed a strategic cooperation agreement to enhance financial support for the water-saving industry, aiming to improve water resource utilization and stimulate the internal dynamics of the water-saving market [1][2]. Group 1: Financial Support and Initiatives - The Bank of China will provide an indicative financing support of no less than 10 billion yuan for key areas in the water-saving industry, along with preferential interest rates for strategic emerging industries, green loans, high-end manufacturing, rural revitalization, and infrastructure construction [1][2]. - The implementation plan includes flexible repayment arrangements based on the operational cycle of water-saving projects to alleviate repayment pressure [1][2]. - The plan aims to establish a regular project docking mechanism and a project database for the water-saving industry, serving key enterprises in this sector [2]. Group 2: Risk Management and Collaboration - A risk prevention mechanism will be established to avoid debt default risks, involving various levels of water administrative departments and the Bank of China [2]. - The cooperation is expected to optimize credit resource allocation and innovate financial products for water conservancy, providing strong financial support for high-quality water conservancy development in Inner Mongolia [2][3]. - The agreement marks the first guiding document for financial support of the water-saving industry in Inner Mongolia, paving the way for deeper cooperation and tangible benefits for enterprises and water users [2].

Group 1 - Small and micro enterprises are considered the "capillaries" of the economy and the "vanguard" of innovation, with efforts being made to enhance financial services for these businesses [1][4] - The Bank of China Ningbo Branch has provided nearly 30 billion yuan in credit support to small and micro enterprises since the launch of the financing coordination mechanism [4] - The bank is collaborating with various organizations to improve financial service accessibility and tailor financial products to meet the specific needs of enterprises in different sectors [2][3] Group 2 - The Ningbo Branch of the Bank of China has initiated a "service promotion year" in collaboration with the Ningbo Housing Provident Fund Management Center to expand financial service coverage for small enterprises in the Wanchun Industrial Park [1] - A financial action themed "Bank-Enterprise Cooperation for Mutual Benefit" was launched to address the financing difficulties faced by private enterprises, resulting in the signing of a cooperation agreement to provide customized financial services [2] - The bank is leveraging its global advantages to provide regular financial policy and financing consultation services to shipping enterprises, promoting products like "Export E-Loan" [3]

Core Viewpoint - The performance of Chinese bank stocks improved in Q4 2024, with a preference for the four major state-owned banks due to their lower risk exposure to non-housing retail loans and less impact from fixed income market fluctuations [1][6]. Group 1: Profitability and Growth - In Q4 2024, operating profit and profit growth accelerated to 6.8% and 2.5% year-on-year, respectively, driven by a reduced narrowing of net interest margin (NIM) and strong growth in non-interest income [2]. - Non-interest income grew by 10% year-on-year in Q4, primarily due to investment income, while fee income remained flat with a decline of 3% year-on-year [2]. Group 2: Asset Quality - Retail loan non-performing loan (NPL) ratio increased by 18 basis points year-on-year, while corporate loan NPL ratio decreased by 15 basis points [3]. - The proportion of retail loans in the loan portfolio decreased from approximately 34% in 2023 to about 33% in 2024, with the overall NPL ratio declining from 90% in 2023 to 81% in 2024 [3]. Group 3: Future Outlook - For FY 2025, revenue growth is expected to moderately improve compared to FY 2024, with a smaller narrowing of NIM anticipated despite a further expected decrease in loan market quotation rates (LPR) [4]. - Fee income is expected to improve in 2025 as capital market and consumer-related fees recover, although retail asset quality may continue to deteriorate [4]. Group 4: Preferred and Avoided Stocks - The preferred order of banks is the four major state-owned banks > China Merchants Bank > CITIC Bank > other banks, with China Construction Bank being the top pick due to stable earnings and a strong balance sheet [6]. - The banks to avoid include Ping An Bank, Minsheng Bank, and Postal Savings Bank of China due to their higher risk exposure to non-housing retail loans and significant asset quality risks [6].

Core Viewpoint - The international gold price continues to rise, prompting banks to adjust the minimum purchase amounts for gold accumulation products in response to market conditions [1][12]. Group 1: Gold Price Trends - As of April 1, the spot gold price closed at $3118.95 per ounce, while COMEX gold futures for June settled at $3152.3 per ounce, both showing slight declines after reaching new highs during the trading session [1]. - Global trade tensions and stock market declines have increased market risk aversion, benefiting gold prices. Future projections suggest that geopolitical conflicts and fluctuating U.S. tariff policies will maintain high gold prices [12]. Group 2: Bank Adjustments to Gold Accumulation Products - China Bank announced an increase in the minimum purchase amount for gold accumulation products from 700 yuan to 750 yuan, effective April 2, 2025, while maintaining the additional purchase amount at 200 yuan [2]. - Construction Bank raised its personal gold accumulation business minimum investment amount from 700 yuan to 800 yuan starting March 31, 2025 [5]. - China Merchants Bank adjusted its gold account minimum purchase amount from 700 yuan per gram to 750 yuan per gram, marking the second increase this year [7]. - Ningbo Bank also increased the minimum purchase amount for gold accumulation from 700 yuan to 800 yuan, effective March 19, 2025 [9]. - Industrial and Commercial Bank of China raised its minimum investment for gold accumulation from 650 yuan to 700 yuan, while maintaining the minimum weight purchase at 1 gram [11]. Group 3: Market Analysis and Predictions - Goldman Sachs has raised its gold price target for the end of 2025 from $3100 per ounce to $3300 per ounce, with a forecast range of $3250 to $3520 per ounce, indicating a bullish outlook for gold prices [12]. - Concerns about market overheating have been raised, with estimates showing that gold prices are nearing historical highs, suggesting caution for future investments [13].

FF301 | III.已發行股份及/或庫存股份變動詳情 | | | | | | | --- | --- | --- | --- | --- | --- | | (A). 股份期權（根據發行人的股份期權計劃） | 不適用 | | | | | | 第 5 頁 | 共 13 頁 v 1.1.1 | | | | | | | FF301 | | | | | | (B). 承諾發行發行人股份的權證 不適用 第 6 頁 共 | 13 頁 v 1.1.1 | | | | | | FF301 | | | | | | | (C). 可換股票據（即可轉換為發行人股份） | | | | | | | 證券代號(如上市) 03988 | | 說明 | H股 | | | | | | | | 本月內因此發行的新股 | | | 數 本月内因此自庫存轉讓的 | 本月底因此可能發行或自 | | | | | | 可換股票據的說明 | 發行貨幣 | 上月底已發行總額 | 本月內變動 | | 本月底已發行總額 | | | | | | | (C1) 目 庫存股 | | 份數目 (C2) 庫存轉讓的股份數目 | | | | | | | 被強制轉換的境外優 ...

FF301 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3月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國銀行股份有限公司(「本公司」) 呈交日期: 2025年4月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03988 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 83,622,276,395 | RMB | | 1 RMB | | 83,622,276,395 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 83,622,276,395 | RMB | | 1 RMB | | 83,622,276,395 | | 2. 股 ...

21世纪经济报道记者 杨希 北京报道 中国银行3月30日首批公告，通过向财政部定向增发的方式，补充1650亿元核心一级资本。 国有大型商业银行是我国金融体系中服务实体经济的主力军，也是维护金融稳定的压舱石。资本是金融 机构经营的"本钱"，是提升服务实体经济能力的基础和抵御风险的屏障。 中行在相关公告中表示，该行将以增加核心一级资本为契机，提升服务实体经济质效，强化全球化综合 化优势，着力提升资本使用效率，切实向资本高效节约使用经营模式转型，提高股东回报。 4月1日，中国银行董事长葛海蛟接受媒体专访，进一步介绍了本次中国银行资本补充的有关情况。 "此次定增为国有上市商业银行充实资本金探索出全新路径。"葛海蛟认为，为国有大行增加核心一级资 本，既是稳增长、扩内需、化风险的一揽子增量政策举措之一，更是加快金融强国建设的战略性、前瞻 性部署，传递出实施更加积极有为宏观政策、稳经济促发展的有力信号。 "相较于以往的注资安排，本轮注资具有前瞻性、主动性。作为一揽子增量政策的重要一环，接下来中 国银行会将本次资本补充的红利，充分引导至关乎经济社会高质量发展的关键环节。"葛海蛟说。 强前瞻研判，优化管理策略，建设覆盖全流程、 ...

今年《政府工作报告》明确提出，拟发行特别国债5000亿元，支持国有大型商业银行补充资本。在国有 大行核心一级资本补充政策加速落地的风口，中国银行率先行动，拟募资不超过1650亿元夯实资本底 盘。 "核心一级资本是银行服务实体经济、实现自身高质量发展的关键驱动，国有大行的资本充足水平直接 关系到实体经济的金融支持能力及金融系统的稳定性。"葛海蛟表示，为国有大行补充资本能够有效拉 动社融增长，特别是为提振消费、扩大内需、发展新质生产力等重大战略领域注入充沛的金融"活水"。 中国银行率先行动，拟募资不超过1650亿元夯实资本底盘。 历经半年的酝酿，国有大行增资方案最终落地。 中国银行3月30日首批公告，通过向财政部定向增发的方式，补充1650亿元核心一级资本。如何看待此 次资本补充的重要意义？如何影响中国银行未来发展？日前，中国银行董事长葛海蛟接受第一财经记者 的独家专访，介绍本次中国银行资本补充的有关情况。 "此次定增为国有上市商业银行充实资本金探索出全新路径。"葛海蛟认为，为国有大行增加核心一级资 本，既是稳增长、扩内需、化风险的一揽子增量政策举措之一，更是加快金融强国建设的战略性、前瞻 性部署，传递出实施更加 ...

据了解，2024年，中国银行着力做好金融"五篇大文章"，主承销银行间市场各类债券3400余只，承销规 模累计1.53万亿元，位居行业领先地位。未来，中国银行将继续发挥主承销商优势，助力民营企业在债 券融资领域取得更多突破，以更实、更深、更精的金融服务助力民营企业健康发展、高质量发展。 据介绍，此次路演会旨在为民营企业搭建投融资沟通交流桥梁，推动投融双方互信合作。正泰集团股份 有限公司、新希望六和股份有限公司、TCL科技集团股份有限公司等10家民营企业进行了现场路演，线 下和线上投资人同步观看并与企业进行互动，各方围绕民营企业债券融资展开深入交流与探讨。 近年来，中国银行充分发挥自身优势，不断丰富融资渠道，凭借全球化优势积极提升综合服务质效，深 耕新质生产力领域，并于近期发布了《中国银行支持民营企业高质量发展暨共建"一带一路"服务方 案》，助力民营企业向"高"攀登、向"外"开拓、向"实"筑基、向"新"前行。 新华财经北京3月31日电（记者余蕊）记者从中国银行了解到，为深入贯彻2月17日民营企业座谈会精 神，落实中国人民银行关于金融支持民营企业高质量发展系列工作部署和中国银行间市场交易商协会发 布的《银行间债券市 ...