Core Points - The Tianjin branch of Bank of China has successfully facilitated the signing of an investment agreement between Tianjin Zhongying Haihe Yuda Fuyiao No.1 Sci-Tech Equity Investment Fund and Shanghai Xijing Technology Co., Ltd, marking the first investment project for the Tianjin AIC Fund [1] - The Tianjin Zhongying Haihe Yuda Fuyiao No.1 Sci-Tech Equity Investment Fund, initiated by multiple parties including Bank of China, has a first-phase scale of 500 million yuan, focusing on strategic emerging industries and future industries to promote the integration of technology, finance, and industry in Wuqing District [1][2] Company and Industry Summary - Xijing Technology is a high-tech enterprise specializing in advanced autonomous driving technology, providing comprehensive digital and green solutions for global logistics hubs, and is positioned at the forefront of the industry in the commercialization of high-level autonomous driving [2] - The Tianjin branch of Bank of China has launched three sci-tech equity investment funds this year, leveraging the group's global and comprehensive advantages to empower technological innovation and the growth of tech enterprises, contributing to the integration of technology, finance, and industry in Tianjin [2]

Group 1 - The core viewpoint of the article emphasizes the importance of low-altitude economy as a key direction for cultivating and developing new productive forces, with China Bank integrating its development into national strategic frameworks [2] - China Bank has introduced a financial service plan to support the high-quality development of the low-altitude economy, proposing 12 specific action measures focused on low-altitude infrastructure, equipment manufacturing, and application scenarios [2] Group 2 - The development of low-altitude economy requires safe and efficient infrastructure, which China Bank aims to provide through comprehensive financial services, ensuring a solid foundation for the industry [3] - China Bank is assisting a state-owned low-altitude economic development company in applying for a special bond project for low-altitude infrastructure construction in Hefei, with an investment scale of 1.86 billion [3] - The project will establish a digital regulatory platform for low-altitude flight, enabling real-time monitoring and risk warning during flights, thereby enhancing safety [3] Group 3 - In the competitive landscape of low-altitude economy, the focus is on equipment manufacturing, where China Bank provides professional financial services to support this sector [4] - China Bank has approved a total credit line of 2.75 billion for a major aviation equipment state-owned enterprise subsidiary, facilitating overseas acquisitions and project financing [5] - The bank has issued 500 million in loans specifically for project construction, reinforcing financial support for domestic aircraft development [5] Group 4 - To meet the diverse needs of low-altitude consumers, China Bank is enhancing its financial product offerings and providing differentiated services, increasing credit support for various low-altitude application scenarios [5] - The bank has provided 85 million in fixed asset loans to support the construction of a flight service platform and theme park in Qiandao Lake, Zhejiang, contributing to the development of a multi-dimensional consumption ecosystem [5] - China Bank aims to accompany the low-altitude economy through its comprehensive financial services, helping it overcome initial challenges and become a new engine for economic growth [5]

（图为签约仪式现场） 据了解，"星算"计划融合商业航天、人工智能两大新质生产力领域。协议约定，四川中行为国星宇航提供跨境结算、供应链金融、现金管理、投行业务等多 元化服务，助力该公司技术研发、国际市场拓展、产业链整合等。中银金租定制租赁服务方案，围绕卫星融资租赁、销售端直采等创新金融服务，向国星宇 航、"星算"计划用户、卫星客户及供应链等关联公司，提供总金额50亿元人民币意向租赁融资额度。 四川中行负责人表示，自2022年起，该行是首批为国星宇航提供普惠贷款支持的金融机构。接下来，将以金融"活水"滴灌航天科技创新，助力四川打造商业 航天产业高地。未来，还将与中银金租继续围绕国星宇航发展战略，探索"金融+科技"创新发展路径，为建设科技强国贡献力量。（曾俊鹏） 编辑：穆皓 转自：新华财经 近日，中国银行四川省分行（以下简称：四川中行）联动中银金融租赁有限公司（以下简称：中银金租）与成都国星宇航科技股份有限公司（以下简称：国 星宇航）签署"星算"计划合作协议，三方将共同探索金融与科技产业融合新模式，推动商业航天产业发展。 ...

Core Insights - The garlic industry in Jinxiang County, Shandong Province, is experiencing a busy harvest season, with significant market activity and financing needs for storage and trade [1][2][3] - The introduction of the "Jinxiang Garlic Loan" by the Bank of China aims to address the seasonal financing demands of garlic storage and trading businesses, facilitating their operations [2][3] Industry Overview - Jinxiang County has 700,000 acres dedicated to garlic cultivation, with over 1,800 storage and processing enterprises, generating an annual transaction volume exceeding 40 billion [2] - The garlic industry serves as a vital economic driver, linking agricultural production to local employment and contributing to rural revitalization [2] Company Operations - Huikang Modern Agriculture Co., Ltd. is a key player in the garlic storage and export trade, with a storage capacity of 20,000 tons and plans to expand its operations significantly this year [1] - The company faced challenges with cash flow during the peak purchasing season but received timely financial support from the Bank of China, allowing it to increase its purchasing and storage capacity [2] Financial Products - The "Jinxiang Garlic Loan" is designed for garlic traders and storage operators, offering quick access to credit without collateral, thus meeting the low-cost financing needs of the industry [3] - Since its launch in May, the Bank of China has issued loans totaling 36 million to 13 garlic storage businesses in Jinxiang County, enhancing their operational capabilities [3]

金穗翻滚，夏粮收储农忙时。为切实做好金融服务保障，中国银行山东省分行工作人员深入田间地头、企业车间，了解农户与企业的实际需求，开通绿色通 道，优化审批流程，提高工作效率，全力提升夏收金融服务质效，为"三夏"生产保驾护航。 "三夏"农忙，粮食收储是关键环节。为支持夏粮收购，巩固粮食生产稳产高产的良好局面，保障粮食供应链顺畅稳定，中国银行山东省分行结合地方优势农 业产业，专门为粮食收购经营主体设计了"粮食收储贷"普惠金融服务方案，有效缓解粮食收储大户的经营资金周转问题。该方案打通了食品加工类企业的上 游原材料收储链条，为广大农户种田增收提供了有力支撑。 位于山东聊城阳谷县的粮食收储大户王先生，从事该行业近十年，拥有两座库容10余吨的粮仓。"粮食生意利薄，市场价格不合适就得存着，流动资金占用 大。尤其到了丰收季，既要给农户现款收粮，又要备足周转资金，压力特别大。"面对上门走访的中国银行聊城分行客户经理，王先生道出了困扰。 自5月末"粮食收储贷"金融服务方案发布以来，中国银行山东省分行已累计发放贷款超3亿元，惠及粮食收储大户300余户。 下一步，中国银行山东省分行将持续加大涉农信贷资源倾斜，优化金融服务流程，打通信贷 ...

潍坊安丘以年均60万吨的蔬菜出口量位居全国首位，是名副其实的"中国蔬菜出口第一县"。其中尤以生姜为突出代表，出口量占比高达全国的60%以上，同 时也是国家地理标志农产品。目前，安丘生姜加工行业已形成了完整的产业链，从种子培养、种植、收购、加工、配送国内市场、出口国际市场等，每个环 节均做到了国内领先。针对生姜产业集群特点，聚焦行业内客户对利率、额度、灵活性、审批时效的较高要求，中国银行山东省分行省分支三级机构高效联 动，创新推出"安丘生姜贷金融服务方案"，仅用不到半个月的时间即完成从形成思路、提报方案到最终审批落地全流程。 农为邦本，本固邦宁。成立于1913年的中国银行山东省分行，早在20世纪三十年代便率先为"梁邹美棉运销合作社"发放了农业贷款，为当时山东农村经济的 恢复及时注入了金融动能。作为山东省历史最悠久的银行，中国银行山东省分行始终坚持并深刻把握金融工作的政治性、人民性，不断加大县域地区涉农贷 款支持力度。截至8月末，该行涉农贷款余额超1700亿元，当年新增230余亿元，以金融"活水"助力建设宜居宜业和美乡村，全面提升对各类农业客群的服务 能力，交出了助力乡村振兴的金融答卷。 中国银行山东省分行聚焦农 ...

1. Report Industry Investment Rating No information about the industry investment rating is provided in the report. 2. Core View of the Report The report presents a weekly data tracking of secondary - capital bonds from September 29, 2025, to October 10, 2025, covering primary - market issuance, secondary - market trading, and valuation deviation of individual bonds [1]. 3. Summary by Relevant Catalogs 3.1 Primary - Market Issuance - One new secondary - capital bond was issued in the inter - bank and exchange markets, with a scale of 1.2 billion yuan, a 10 - year term, the issuer being a local state - owned enterprise in Hebei Province with an AA+ credit rating [1]. 3.2 Secondary - Market Trading 3.2.1 Trading Volume - The total weekly trading volume of secondary - capital bonds was approximately 44.5 billion yuan, a decrease of 185.4 billion yuan from the previous week. The top three bonds in terms of trading volume were 22 Industrial and Commercial Bank of China Secondary Capital Bond 04A (1.808 billion yuan), 25 Agricultural Bank of China Secondary Capital Bond 03B(BC) (1.23 billion yuan), and 25 Bank of China Secondary Capital Bond 01BC (1.219 billion yuan) [2]. - By the issuer's region, the top three regions in terms of trading volume were Beijing (about 30 billion yuan), Shanghai (about 4.7 billion yuan), and Zhejiang (about 3.1 billion yuan) [2]. 3.2.2 Yield to Maturity - As of October 10, for 5 - year secondary - capital bonds, the yield - to - maturity changes of AAA -, AA+, and AA - rated bonds compared to the previous week were - 2.57BP, - 4.00BP, and - 2.00BP respectively; for 7 - year bonds, the changes were 0.18BP, 0.84BP, and 0.84BP respectively; for 10 - year bonds, the changes were 3.73BP, 3.74BP, and 3.74BP respectively [2]. 3.3 Valuation Deviation of Top 30 Individual Bonds - The overall valuation deviation of the weekly average trading price of secondary - capital bonds was not significant. The proportion of discount transactions was greater than that of premium transactions, and the discount amplitude was smaller than the premium amplitude. - Among the discount bonds, the top three with the highest discount rates were 24 Sichuan Bank Secondary Capital Bond (- 0.4401%), 23 Hankou Bank Secondary Capital Bond 02 (- 0.4225%), and 22 Ningbo Bank Secondary Capital Bond 01 (- 0.3864%). The implied ratings of ChinaBond were mainly AAA -, AA+, and AA, and the bonds were mostly from Beijing, Shanghai, and Zhejiang [3]. - Among the premium bonds, the top three with the highest premium rates were 24 Yangzhou Rural Commercial Bank Secondary Capital Bond 01 (0.5852%), 25 Mintai Commercial Bank Secondary Capital Bond 01 (0.5313%), and 25 Luzhou Bank Secondary Capital Bond 01 (0.5006%). The implied ratings of ChinaBond were mainly AAA -, AA+, and AA, and the bonds were mostly from Beijing, Zhejiang, and Tianjin [3].

Core Insights - The central clearing company and the interbank lending center launched a centralized bond lending business to enhance market efficiency and liquidity [1][8][11] - The first batch of 78 participating institutions includes a diverse range of banks and financial entities, indicating broad market engagement [2][3][4] Group 1: Business Overview - Centralized bond lending allows borrowing parties to provide collateral while borrowing bonds, with a commitment to return them on a specified date [1] - The new model aims to improve transaction efficiency by acting as a "central trading facilitator" without changing the essence of bond lending [1][9] Group 2: Market Participation - The initial participants include 5 state-owned banks, 7 joint-stock banks, 27 city commercial banks, 1 foreign bank, 15 rural commercial banks, 1 rural credit cooperative, 21 securities companies, and 1 financial leasing company [2][3] - Notable participants include major banks like Industrial and Commercial Bank of China, China Construction Bank, and the only foreign bank, Fubon Bank [2][7] Group 3: Market Impact - The bond pool exceeded 1.3 trillion yuan on the first day, covering various types of bonds, indicating strong initial interest [7] - The centralized lending model is expected to enhance market efficiency, risk management, and standardization of operations [9][10][11] Group 4: Risk Management - The centralized bond lending business introduces a central counterparty mechanism to mitigate credit risk and prevent systemic risk [12] - This model allows for centralized risk management, reducing the impact of any single participant's default on the broader market [12][13] Group 5: Participation Requirements - Eligible participants include financial institutions in the interbank bond market and foreign bank branches, with specific application procedures outlined [13] - Institutions must sign a collateral management service agreement and submit an application to participate in the centralized bond lending business [13]

2025年10月9日，中国银行（601988）发布公告称，根据国债发行安排，中国银行将于2025年10月10日 至10月19日（节假日正常发行）代理销售2025年第七期和第八期储蓄国债（凭证式），单一个人购买单 期储蓄国债（凭证式）金额不超过300万元。第七期储蓄国债（凭证式）期限三年，票面年利率为 1.63%；第八期储蓄国债（凭证式）期限五年，票面年利率为1.70%。 ...

Group 1 - The event "Xing Shang Zhu Ye Pu Hui Xing" aimed to enhance the development quality of individual businesses in Zhanjiang, with over 140 representatives participating from various districts [1] - The Zhanjiang Individual Laborers and Private Enterprises Association emphasized its role as a bridge to connect banks and individual businesses, addressing issues like financing difficulties and labor challenges [2] - The China Bank Zhanjiang Branch committed to providing tailored financial services to support individual businesses, aiming to reduce operational costs and risks while promoting high-quality development [2][3] Group 2 - The Zhanjiang Market Supervision Bureau presented policies for targeted support of individual businesses, including measures for transitioning individual businesses to enterprises and promoting high-quality products [3] - Future initiatives will focus on categorizing support based on the diverse needs of individual businesses, ensuring that policy benefits reach them effectively [3]