Core Viewpoint - Ping An Bank's Credit Card Center is enhancing financial education in Shenzhen through innovative and interactive campaigns, focusing on consumer protection and financial literacy [1][9]. Group 1: Financial Education Initiatives - The Credit Card Center is utilizing multiple channels such as WeChat Moments, subway light boxes, and bus advertisements to integrate financial knowledge into daily life, creating an immersive educational experience [1][3]. - A new "WeChat Moments + Financial Education" platform has been established to reach a wide audience, with an expected exposure of over one million, effectively spreading consumer protection knowledge [3][9]. Group 2: Anti-Fraud Campaigns - The "Financial Knowledge Accompanying Me" initiative collaborates with the Shenzhen Banking and Insurance Consumer Protection Association to transform public transport spaces into anti-fraud awareness platforms, covering six subway stations and four bus routes [4][6]. - The Credit Card Center has introduced the "Six Methods to Identify Fraud" series, using simple language and engaging visuals to educate the public on common scams and illegal financial activities [4][6]. Group 3: Targeted Outreach Programs - The Credit Card Center is focusing on key demographics such as office workers, students, and the elderly by turning buses into "mobile classrooms" to disseminate financial knowledge [6][9]. - The "Financial Youth Riders" initiative targets vulnerable groups, including the elderly and youth, through creative consumer protection and financial education activities, enhancing their risk awareness [8][9]. Group 4: Future Commitment - The Credit Card Center aims to continue innovating in consumer protection education and channels, ensuring that financial literacy becomes an integral part of everyday life for all citizens [9].

Core Viewpoint - The banking sector is experiencing a positive trend, with the China Securities Bank Index rising by 1.69% and individual bank stocks showing significant gains, indicating a favorable market sentiment towards banks [1] Group 1: Market Performance - As of September 23, 2025, the China Securities Bank Index (399986) increased by 1.69%, with notable gains from Nanjing Bank (up 4.30%), Xiamen Bank (up 3.65%), Agricultural Bank of China (up 3.39%), and others [1] - The Bank ETF Index (512730) also rose by 1.62%, closing at 1.63 yuan [1] Group 2: Policy Changes - On September 19, the People's Bank of China announced adjustments to the 14-day reverse repurchase operations, shifting to fixed quantity, interest rate bidding, and multi-price bidding, with operation time and scale determined by liquidity management needs [1] - China Galaxy Securities noted that the adjustment of the 14-day reverse repurchase operation enhances the position of the 7-day reverse repurchase policy rate and improves liquidity management precision, with smaller banks expected to benefit less than larger banks [1] Group 3: Future Outlook - The ongoing consumer policy enhancements and the accumulation of positive factors in the banking fundamentals suggest potential mid-term performance improvements, with an inflection point anticipated [1] - Attention is drawn to the effectiveness of policy implementation, retail business demand, risk improvement, and upcoming significant events such as the 20th Central Committee's Fourth Plenary Session and the 15th Five-Year Plan reform measures [1] Group 4: Index Composition - As of August 29, 2025, the top ten weighted stocks in the China Securities Bank Index (399986) include China Merchants Bank, Industrial Bank, and others, collectively accounting for 65% of the index [2]

新华财经上海9月23日电（记者 王淑娟）受经济周期与债务周期叠加影响，当前不良资产处置逻辑正发 生改变。在此背景下，如何化解风险、盘活存量资产、优化资源配置，成为银行等特殊资产行业多方参 与人共同思考的问题。在平安银行日前举办的特殊资产专家论坛上，与会嘉宾围绕特殊资产价值重构进 行探讨，以平安银行为代表的银行业正在探索一条从"风险清道夫"到"价值重构师"的特殊资产清收处置 新路径。 数据显示，2024年，银登中心不良资产挂牌规模约2862亿元、成交规模2258亿元，均同比增长80%以 上。同时，对公不良平均折扣率为18.6%，同比下降35个百分点。 业内人士指出，特殊资产行业正经历深刻的结构性变革，传统清收模式面临巨大挑战。伴随风险资产日 趋复杂，金融机构在处置问题资产的手段上不断创新，为特殊资产价值重构提供了多元化路径。 "银行角色已发生重要变化。"尹飞指出，银行正悄然转变不良资产清收模式，逐渐从单一处置到多元化 经营，从注重短期收益到兼顾长期价值，从风险控制到风险创新，这也反映了未来行业的发展方向。 编辑：李一帆 记者注意到，近年来平安银行纾困盘活了一系列风险资产。例如，在某省会城市核心区大型住宅项目， ...

Group 1 - The retail business of Ping An Bank has passed its most challenging period and is currently in a recovery phase, with previous reforms laying a solid foundation for future growth [1] - As of mid-2025, the retail financial business revenue accounted for 44.8% of total revenue, down from 50.7% in the same period last year, indicating a turning point as the decline in retail loan scale has narrowed [1] - The personal loan balance reached 1.73 trillion yuan by the end of June, showing signs of stabilization [1] Group 2 - Recent personnel changes include the appointment of Wang Jun as the new assistant president responsible for retail business, along with adjustments in leadership across various departments [1][2] - The wealth management client base grew to 1.4754 million, a 1.3% increase year-on-year, with private banking clients increasing by 3.2% to 99,900 [3] - Wealth management fee income reached 2.466 billion yuan, reflecting a year-on-year growth of 12.8%, with insurance and wealth management income increasing by 46% [3] Group 3 - Ping An Bank has 110 branches, including the Hong Kong branch, and a total of 1,134 operating institutions, with a reduction of 15 branches since the beginning of the year [10] - The bank's workforce stands at 40,262 employees, a decrease of 355 from the start of the year [10] - The bank is focusing on business transformation and efficiency improvement through structural optimization and digital transformation initiatives [10]

Market Performance - On September 22, the share price of the joint-stock bank sector fell by 0.63%, with Pudong Development Bank leading the decline [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Individual Bank Performance - Citic Bank closed at 7.39, down 0.14% with a trading volume of 358,600 shares and a transaction value of 266 million yuan [1] - China Merchants Bank closed at 40.92, down 0.20% with a trading volume of 656,100 shares and a transaction value of 2.688 billion yuan [1] - Minsheng Bank closed at 4.04, down 0.25% with a trading volume of 2.3409 million shares and a transaction value of 946 million yuan [1] - Everbright Bank closed at 3.45, down 0.29% with a trading volume of 1.7881 million shares and a transaction value of 617 million yuan [1] - Huaxia Bank closed at 6.77, down 0.59% with a trading volume of 492,100 shares and a transaction value of 334 million yuan [1] - Ping An Bank closed at 11.38, down 0.61% with a trading volume of 596,400 shares and a transaction value of 680 million yuan [1] - Zhejiang Commercial Bank closed at 3.01, down 0.66% with a trading volume of 1.0164 million shares and a transaction value of 307 million yuan [1] - Industrial Bank closed at 20.13, down 0.79% with a trading volume of 522,200 shares and a transaction value of 1.056 billion yuan [1] - Pudong Development Bank closed at 12.54, down 2.11% with a trading volume of 491,800 shares and a transaction value of 620 million yuan [1] Capital Flow Analysis - The joint-stock bank sector experienced a net inflow of 164 million yuan from institutional investors, while retail investors saw a net inflow of 118 million yuan [1] - However, speculative funds had a net outflow of 282 million yuan [1] Detailed Capital Flow for Individual Banks - China Merchants Bank had a net inflow of 324 million yuan from institutional investors, but a net outflow of 214 million yuan from speculative funds [2] - Huaxia Bank saw a net outflow of 1.172 million yuan from institutional investors, but a net inflow of 385,400 yuan from speculative funds [2] - Citic Bank experienced a net outflow of 639,310 yuan from institutional investors and a net outflow of 176,290 yuan from speculative funds [2] - Industrial Bank had a net outflow of 1.297 million yuan from institutional investors and a net outflow of 36.539 million yuan from speculative funds [2] - Ping An Bank faced a net outflow of 1.862 million yuan from institutional investors, while retail investors contributed a net inflow of 1.607 million yuan [2] - Zhejiang Commercial Bank had a net outflow of 1.953 million yuan from institutional investors, but a net inflow of 1.398 million yuan from retail investors [2] - Everbright Bank saw a net outflow of 2.857 million yuan from institutional investors, with a net inflow of 4.665 million yuan from retail investors [2] - Pudong Development Bank had a net outflow of 3.323 million yuan from institutional investors, but a net inflow of 5.201 million yuan from retail investors [2] - Minsheng Bank experienced a net outflow of 4.007 million yuan from institutional investors, while retail investors contributed a net inflow of 4.548 million yuan [2]

2025年金融教育宣传周如期而至。9月19日，为积极践行以人民为中心的价值取向，提升人民群众对各 类电信网络诈骗和非法金融活动的"免疫力"，维护金融消费者和投资者合法权益，平安银行再度跨界联 合中国法治出版社、漫画作家四格小今推出金融消保漫画《三分钟漫画电信网络诈骗防范》并在多地举 办新书发布会。活动通过金融漫画展、反诈必修课，漫画互动体验等环节，以轻松有趣的方式普及金融 消保和反诈防非知识，让金融生活更安心、更顺心、更放心。 该书以漫画为载体，涵盖当前社会上最常见多种电信网络诈骗类型，分为风险自测、全民警示、银龄守 护、青春护航、职场警惕、宝妈专用、农民防诈、应对之策八大章节，针对老年人、学生、职场人士、 务农人群等不同群体，详细拆解诈骗手法和方式，提供定制化的反诈防诈建议，助力读者更便捷地找到 与自身相关的风险提示与消保知识。该书不仅是一本防骗宝典，也是重要的金融消保知识教育宣传工 具，读者不仅能在书中了解如何防范电信网络诈骗，还能通过"消费者权益保护课堂""风险提示关键 词"等特别设置的章节内容提升自身金融素养和权益保护意识能力，熟悉掌握诸如"投资理财适当性原 则""防范金融领域'黑灰产'""个人征信保 ...

Core Viewpoint - The article emphasizes the importance of distinguishing between various bank wealth management products with similar names and characteristics, providing a weekly performance ranking of these products to assist investors in making informed choices [1][2]. Group 1: Product Performance Rankings - The article presents a ranking of wealth management products based on their annualized returns for different holding periods: 7 days, 14 days, 30 days, and 60 days [1]. - For the 7-day holding period, the top-performing product is from Minsheng Bank with an annualized return of 9.75% [4]. - The 14-day holding period rankings show Minsheng Bank's product achieving an annualized return of 8.34% [6]. - In the 30-day holding period, Hangzhou Bank leads with a return of 24.26% [11]. - For the 60-day holding period, China Bank's product tops the list with a return of 26.21% [15]. Group 2: Investment Institutions - The ranking includes products from 28 distribution institutions, such as Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, and others [1]. - The performance data is sourced from the Nanfang Financial Terminal, ensuring a comprehensive overview of available products [4][11][15]. Group 3: Methodology and Data Collection - The performance metrics are calculated based on the annualized yield over the respective holding periods, with the same institution and product series retained for comparison [1]. - The article advises investors to refer to the actual product listings on the banks' apps, as availability may vary due to factors like quota exhaustion [1].

Core Viewpoint - The recent changes in credit card foreign currency transaction settlement methods by Ping An Bank and China Merchants Bank are set to enhance the cross-border payment experience for millions of consumers by allowing direct settlement in RMB, eliminating the previous USD intermediary step [1][4][10]. Group 1: Changes in Credit Card Settlement Mechanism - China Merchants Bank announced that starting from October 28, 2025, cross-border transactions for specific Mastercard credit cards will be settled directly in RMB instead of going through USD [2][4]. - Ping An Bank implemented a similar change earlier, allowing credit card foreign currency transactions to be settled in RMB starting from September 25, 2023, covering multiple card types including Mastercard, Visa, and JCB [4][5]. Group 2: Impact on Consumer Experience - The new direct RMB settlement model simplifies the transaction process, reducing the number of currency conversions from two to one, which may lower costs associated with multiple exchanges [6][9]. - Consumers will see RMB amounts displayed for cross-border transactions before they are settled, enhancing transparency and allowing for direct RMB repayments without the need for currency exchange [6][7]. Group 3: Exchange Rate Pricing Mechanism - Ping An Bank's pricing mechanism for RMB settlement is based on the previous day's exchange rate, which introduces a time lag and potential exchange rate risk for consumers [7][9]. - In contrast, China Merchants Bank will use the exchange rate published by Mastercard, providing real-time pricing and increasing transparency for consumers [9]. Group 4: Market Competition and Innovation - The opening of China's bank card clearing market has fostered competition, leading to innovations in cross-border payment services [10][11]. - The introduction of direct RMB settlement services by banks in collaboration with card organizations reflects both technological advancements and competitive market dynamics, ultimately benefiting consumers with improved services and options [10][11].

Core Viewpoint - The article emphasizes the importance of stable returns and effective risk management in the banking wealth management sector, particularly through the practices of Ping An Wealth Management, which aims to provide a robust investment experience for clients amidst market volatility [1][2][3]. Group 1: Investment Performance - As of the end of July this year, Ping An Wealth Management's fixed income and fixed income+ products achieved an average annualized return of 3.46% over the past three years, ranking among the top in the industry [2]. - The probability of positive returns for investors holding fixed income and fixed income+ products until maturity is 98% and 99%, respectively [2]. - The proportion of products with negative returns is only 0.55%, significantly lower than the industry average, indicating effective management of drawdowns [2][3]. Group 2: Risk Management Strategy - Ping An Wealth Management has established a strong focus on drawdown management, aiming to control net value fluctuations while maintaining competitive returns [3][4]. - The company has adopted an "industrialization + platformization" investment management model to enhance efficiency and consistency in risk-return characteristics across its product offerings [4][5]. Group 3: Product Development and Branding - The company has launched a new product system called "An+Xin Stable and Long-term," which includes four product series: "Anxin" for cash management, "Anwen" for absolute return fixed income products, "Anzhi" for multi-asset strategies, and "Anyuan" for mixed products aimed at long-term value appreciation [7]. - This product upgrade aims to better meet the increasingly diverse wealth management needs of investors by providing clearer product positioning and richer functional scenarios [7]. Group 4: Strategic Growth and Market Position - Ping An Bank is focusing on enhancing its asset management scale (AUM) through a strategic shift towards wealth management, particularly in basic wealth management products, which are seen as a reservoir for high-quality AUM growth [6]. - The bank is adjusting its structure to increase the proportion of basic wealth management products, aligning with trends in resident wealth allocation preferences and enhancing the resilience of its AUM structure [6].

Group 1 - The recent pullback in the banking sector is seen as a rational correction following a period of significant short-term price increases, indicating a return to intrinsic value [1][2] - The banking sector, while having a high weight in the A-share market, does not significantly influence the long-term trend of the overall market, as its performance is just a small part of the broader market dynamics [1][2] - The fundamental value of banking stocks remains intact despite short-term price declines, as banks play a crucial role in the financial system with stable business models and robust risk management [1][2] Group 2 - Investors should avoid overemphasizing the performance of a single sector, as this can lead to impulsive decisions driven by market emotions, such as panic selling or blind buying [2][3] - A diversified investment approach across multiple promising sectors can mitigate risks associated with the volatility of any single sector, aligning with the ultimate goal of value investing [2][3] - Long-term value of listed companies should be prioritized over short-term market fluctuations, as economic growth and company performance are the primary drivers of stock price increases [3]