久期财经讯，10月21日，据悉，多家华尔街分析机构预测，美联储可能在本月底召开的会议上宣布终止持续数年的资产负债表缩减计划。 观察人士指出，由于货币市场摩擦加剧可能影响通胀与就业双重目标的实现，量化紧缩(QT)政策正面临重大转折。 分析师认为，若在10月28日至29日的联邦公开市场委员会(FOMC)会议上，通过终止QT来停止流动性回笼，将有助于确保货币政策技术层面的平稳运行。 此外，回购利率与有担保隔夜融资利率(SOFR)的攀升，也印证了市场摩擦的存在。与此同时，美联储的核心利率目标——联邦基金利率在4%-4.25%目标区 间内持续上探。 值得注意的是，上述市场波动发生之际，美联储主席鲍威尔在10月14日的讲话中曾表示，QT可能会在"未来几个月内"终止。尽管他同时呼应了其他美联储 官员近期的表态，称金融体系仍保有充足流动性。 热点消息 每日发行总结 今日，一级市场，共1家潜在发行，共2家公司发行： 数据来源：久期财经 数据来源：久期财经 | | | 评级变动情况(2025年10月21日) | | | | | --- | --- | --- | --- | --- | --- | | 序号 | 主体名称 | 评 ...

《粤港澳大湾区发展规划纲要》实施以来，全省上下坚持以习近平新时代中国特色社会主义思想为指 导，深入贯彻习近平总书记对广东系列重要讲话和重要指示精神，认真落实省委"1310"具体部署，围绕 做实粤港澳大湾区"一点两地"全新定位，携手港澳加快建设国际一流湾区和世界级城市群，推动粤港澳 大湾区建设迈出坚实步伐，涌现出一大批表现突出、成绩优异的集体和个人。为进一步激发广大党员干 部群众投身粤港澳大湾区建设热情，经省委、省政府同意，对在推进粤港澳大湾区建设工作中表现突出 的100个集体和100名个人给予通报表扬。希望受到表扬的集体和个人再接再厉，进一步发挥模范带头作 用，在新征程中再创佳绩。 大道至简，实干为要。全省各地区各部门要深入学习贯彻党的二十大和二十届历次全会精神，全面贯彻 习近平经济思想，发扬敢闯敢试、敢为人先的改革精神，勇立潮头、干在实处、走在前列，纵深推进粤 港澳大湾区建设，不断夯实广东高质量发展基础，协同港澳加快建设世界级的大湾区、发展最好的湾 区，为广东在推进中国式现代化建设中走在前列作出新的更大贡献！ 在推进粤港澳大湾区建设中表现突出的集体名单 广州市委港澳办港澳工作处 广州市天河区委统战部 广州花 ...

Core Points - The article discusses the launch of the Penghua RuiXiang 180-Day Holding Period Bond Fund, which has received regulatory approval and is set to be publicly offered from November 3 to November 21, 2025 [1][4][18]. Fund Overview - The fund is a contract-based open-end bond fund with a minimum holding period of 180 days for each fund share [11][12]. - The fund's initial share value is set at 1.00 RMB [13]. - The maximum fundraising target for the fund is 5 billion RMB, excluding interest accrued during the fundraising period [14][32]. Subscription Details - The fund is open to individual investors, institutional investors, and qualified foreign investors, with specific restrictions on financial institutions' proprietary accounts [3][16]. - The minimum subscription amount for each transaction account is 1 RMB, while the initial subscription through the direct sales center is set at 1 million RMB [29][37]. - Investors can make multiple subscriptions during the fundraising period, but once a subscription application is accepted, it cannot be withdrawn [6][28]. Fund Management and Operations - The fund is managed by Penghua Fund Management Co., Ltd., with Bank of China serving as the custodian [2][3]. - The fund's sales institutions include both direct sales and other sales channels, with specific contact information available in related announcements [17][4]. Fund Contract and Effectiveness - The fund contract will become effective if the total number of shares raised reaches at least 200 million, with a minimum of 2 billion RMB raised by the end of the fundraising period [50]. - If the fundraising conditions are not met, the fund manager will return the raised funds with interest within 30 days [51].

10月21日，金融一线获悉，中国银行河南省分行行长陈志能拟任上海市分行行长。此前，原 中行上海市分行行长王晓已拟任中国进出口银行副行长。 出生于1972年的陈志能是中行体系成长起来的资深管理者，自2016年以来，已先后掌舵四家 中行一级分行，曾任宁夏回族自治区分行行长、内蒙古自治区分行行长、辽宁省分行行长以 及河南省分行行长。 值得一提的是，陈志能在担任中行河南省分行行长期间，曾多次考察调研当地重点项目建设 布局，提出加大金融支持力度等核心举措。 陈志能拟任中行上海分行行长， 曾在多地分行担任"一把手" 今年9月17日，陈志能在河南省三门峡市就国道209王官黄河大桥项目进行考察调研。当日， 陈志能认真听取项目实体工程推进、融资及施工管理等情况的汇报，详细询问了解项目概 况、线路走向、运作及管理模式，对项目进展、形象和质量给予充分肯定。 他表示，中行河南分行将充分发挥自身平台优势，更加积极主动融入公路重点项目建设大 局，进一步加大政策倾斜和金融支持力度，不断加强与三门峡市公路中心合作对接，创新合 作模式，扩大合作领域，以更高水平金融赋能助力三门峡市公路重点项目建设。 陈志能是中行体系内成长起来的资深管理者，任职 ...

Core Points - The announcement is regarding the third quarter performance briefing of Bank of China for 2025 [1] - The briefing will be conducted in an interactive online format, allowing for real-time communication with investors [2] Group 1: Meeting Details - The performance briefing is scheduled for October 29, 2025, from 16:30 to 17:30 [6] - Investors can participate via the Shanghai Stock Exchange Roadshow Center website [6] - Questions can be submitted via email to the bank's investor relations team before the meeting [6] Group 2: Participation Information - Investors are encouraged to send their questions to ir@bankofchina.com by October 27, 2025, at 17:00 [4] - The bank will address commonly asked questions during the performance briefing [4][6] - The meeting will be accessible for review after its conclusion on the same website [4]

Core Viewpoint - The Bank of China Yunnan Branch is actively promoting consumer rights protection during the 2025 National Day and Mid-Autumn Festival, focusing on enhancing public financial risk awareness and building a secure financial environment in the region [1] Group 1: Consumer Rights Protection Activities - The Yunnan Branch organized various institutions to implement a multi-scenario and multi-form promotional model for consumer rights protection education [1] - The branch's business departments utilized visual and scenario-based methods to disseminate financial knowledge, including risk warnings during key customer interactions [2] - A significant number of promotional materials were distributed, with over a thousand pieces handed out and thousands of financial consultations provided [8] Group 2: Targeted Education for Specific Demographics - The bank focused on educating the elderly about financial safety, including anti-fraud measures and information protection, particularly during the "Respect for the Elderly Month" [3] - For young consumers, the bank conducted on-campus promotions addressing common financial risks such as telecom fraud and irrational spending, using case studies to illustrate risks [4] Group 3: Community Engagement and Outreach - The bank extended its services to communities, markets, and rural areas, providing accessible consumer protection services [6] - Collaborative events with local communities and law enforcement were held to enhance awareness of fraud prevention and financial services [6] - The bank's initiatives received positive feedback from participants, highlighting the effectiveness and warmth of the outreach efforts [8] Group 4: Future Plans - The Bank of China Yunnan Branch plans to continue enhancing consumer rights protection efforts by innovating promotional methods and expanding service coverage [8]

Core Viewpoint - The company aims to enhance the efficiency of fund utilization and reduce financial costs through entrusted wealth management while ensuring the safety of funds [5][4]. Group 1: Overview of Entrusted Wealth Management - The total amount for entrusted wealth management is 498,900 million yuan [3]. - The entrusted wealth management products include various structured deposits linked to gold and exchange rates from multiple banks [3]. - The duration for entrusted wealth management is within one year [4]. Group 2: Purpose and Source of Funds - The purpose of the entrusted wealth management is to ensure fund safety while improving fund utilization efficiency and obtaining certain investment returns [5]. - The source of funds for the entrusted wealth management is the temporarily idle self-owned funds of the company and its subsidiaries [6]. Group 3: Risk Control and Management - The company will conduct strict evaluations and selections of wealth management products, focusing on high safety, good liquidity, and low-risk principal-protected products [7]. - The company aims to avoid investment risks associated with policy changes by selecting short-term bank wealth management products [8]. Group 4: Impact on the Company - The wealth management activities are designed to improve the efficiency of idle funds without affecting the company's main business operations, thus benefiting the overall returns for the company and its shareholders [12]. - The accounting treatment for the wealth management products will be reported under "trading financial assets" according to the new financial instrument standards issued by the Ministry of Finance [12]. Group 5: Decision-Making Process - The decision to conduct wealth management was approved by the company's board of directors and the annual general meeting, emphasizing the importance of fund safety and efficiency [14]. - Independent directors believe that using temporarily idle self-owned funds for low-risk financial institution products aligns with the interests of the company and all shareholders [14].

Core Insights - The total issuance of various sustainable bonds in China's domestic market reached approximately 10.07 trillion yuan by the end of Q3 2025, with a total issuance of 337.6 billion yuan in Q3, reflecting a quarter-on-quarter decrease of 11.83% [4][7][10]. Sustainable Bonds Overview - The cumulative issuance of labeled green bonds in China reached 4.93 trillion yuan by the end of Q3 2025, with an outstanding balance of 2.32 trillion yuan. In Q3 2025, the issuance of green bonds totaled 257.69 billion yuan, down 18.03% quarter-on-quarter but up 17.24% year-on-year [7][10][11]. - Green financial bonds were the most significant category, accounting for 50.49% of the total green bond issuance in Q3 2025 [10]. - The primary funding targets for green bonds were the clean energy industry (54.06%) and infrastructure green upgrades (26.88%) [21]. Transition Bonds - By the end of Q3 2025, the cumulative issuance of transition bonds in China was 273.13 billion yuan, with a balance of 171.88 billion yuan. In Q3 2025, the issuance of transition bonds totaled 22.88 billion yuan, representing a quarter-on-quarter increase of 43.9% [2][42]. - The issuance included 20 sustainable-linked bonds totaling 16.37 billion yuan and 8 low-carbon transition-linked bonds totaling 5.4 billion yuan [42]. Other Sustainable Development Bonds - Other sustainable development-themed bonds reached a cumulative issuance of approximately 4.87 trillion yuan by the end of Q3 2025, with a total issuance of 57.03 billion yuan in Q3, reflecting a quarter-on-quarter increase of 8.4% [2][47]. - This category included 73 regional development bonds totaling 47.17 billion yuan and 4 social project bonds totaling 2.53 billion yuan [47]. Innovation Practices - The first sustainable bond from a local state-owned enterprise was successfully issued on the London Stock Exchange, marking a significant milestone for cross-border financing [50]. - The first dual-labeled credit bond in the rail industry, combining "carbon-neutral green" and "rural revitalization," was issued by the Jinhua Rail Transit Group [51]. - The first low-carbon transition-linked bond supporting small and micro enterprises was successfully issued on the Shenzhen Stock Exchange [53]. Policy Developments - The People's Bank of China and other regulatory bodies released the "Green Finance Support Project Directory (2025 Edition)," which standardizes the recognition criteria for various green financial products [54][55]. - A joint opinion was issued to enhance financial support for new industrialization, emphasizing the role of green finance in promoting low-carbon transitions in manufacturing [57]. - The Green Bond Standards Committee published a notification regarding the application of the new project directory for green bonds, ensuring a smooth transition from the previous standards [56].

证券代码：601988 证券简称：中国银行 公告编号：临 2025-076 中国银行股份有限公司 关于召开2025年第三季度业绩说明会的公告 中国银行股份有限公司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、业绩说明会类型 业绩说明会通过网络文字互动方式召开，本行将针对 2025 年第 三季度业绩和经营等情况与投资者进行交流，并对投资者普遍关注的 问题进行回答。 二、业绩说明会召开的时间、方式和参会网址 （一）会议召开时间：2025 年 10 月 29 日 16:30-17:30 1 （三）参会网址：上证路演中心（https://roadshow.sseinfo.com） 三、参加人员 董事会秘书及相关业务部门负责人。 四、投资者参加方式 （一）投资者可于 2025 年 10 月 29 日 16:30-17:30 登录上证路演 中心（https://roadshow.sseinfo.com）参会。 （二）投资者可于 2025 年 10 月 27 日 17:00 前将相关问题通过 电子邮件的形式发送至本行邮箱 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 中國銀行股份有限公司 BANK OF CHINA LIMITED （於中華人民共和國註冊成立的股份有限公司） （「本行」） （股份代號：3988） 關於召開2025年第三季度業績說明會的公告 重要內容提示： 一、業績說明會類型 業績說明會通過網絡文字互動方式召開，本行將針對2025年第三季度業績和 經營等情況與投資者進行交流，並對投資者普遍關注的問題進行回答。 1 • 會議召開時間：2025年10月29日16:30-17:30 • 會議召開方式：網絡文字互動 • 參會網址：上證路演中心（ https://roadshow.sseinfo.com ） • 投資者可於2025年10月27日17:00前將相關問題通過電子郵件的形式發送至 本行郵箱 ir@bankofchina.com ，或在會議召開時提問。本行將於2025年第三 季度業績說明會（「業績說明會」）上對投資者普遍關注的問題進行回答。 二、業績說明 ...