Core Insights - The city commercial bank sector experienced a decline of 1.0% on September 30, with Suzhou Bank leading the drop [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Stock Performance Summary - Qingdao Bank: Closed at 4.76, unchanged; trading volume of 223,200 shares, turnover of 106 million [1] - Shanghai Bank: Closed at 8.96, down 0.55%; trading volume of 416,300 shares, turnover of 373 million [1] - Beijing Bank: Closed at 5.51, down 0.72%; trading volume of 2,311,600 shares, turnover of 1.272 billion [1] - Hangzhou Bank: Closed at 15.27, down 0.78%; trading volume of 157,990 shares, turnover of 883 million [1] - Lanzhou Bank: Closed at 2.36, down 0.84%; trading volume of 339,500 shares, turnover of 80.379 million [1] - Guiyang Bank: Closed at 5.76, down 0.86%; trading volume of 271,900 shares, turnover of 157 million [1] - Chongqing Bank: Closed at 8.93, down 0.89%; trading volume of 99,700 shares, turnover of 89.151 million [1] - Changsha Bank: Closed at 8.83, down 0.90%; trading volume of 276,800 shares, turnover of 244 million [1] - Chengdu Bank: Closed at 17.25, down 0.92%; trading volume of 279,700 shares, turnover of 482 million [1] - Zhengzhou Bank: Closed at 1.98, down 1.00%; trading volume of 756,400 shares, turnover of 150 million [1] Capital Flow Analysis - The city commercial bank sector saw a net outflow of 462 million from main funds, while speculative funds had a net inflow of 331 million, and retail investors had a net inflow of 131 million [2] - Suzhou Bank: Main fund net inflow of 55.9396 million, speculative fund net outflow of 11.5337 million, retail net outflow of 44.4059 million [3] - Changsha Bank: Main fund net inflow of 33.8793 million, speculative fund net outflow of 13.6525 million, retail net outflow of 20.2268 million [3] - Qilu Bank: Main fund net inflow of 8.6825 million, speculative fund net outflow of 2.7980 million, retail net outflow of 5.8846 million [3] - Hangzhou Bank: Main fund net inflow of 7.6881 million, speculative fund net inflow of 44.2474 million, retail net outflow of 51.9354 million [3] - Guiyang Bank: Main fund net inflow of 4.8665 million, speculative fund net outflow of 1.6412 million, retail net outflow of 3.2254 million [3]

FF301 致：香港交易及結算所有限公司 公司名稱: 青島銀行股份有限公司 呈交日期: 2025年9月30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) | 03866 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,291,945,474 | RMB | | 1 | RMB | | 2,291,945,474 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 2,291,945,474 | RMB | | 1 | RMB | | 2,291,945,474 | 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9月30日 狀態: 新提交 | 2. ...

Core Viewpoint - Qingdao Bank has launched an anti-counterfeit currency awareness month with the theme "Building a Strong Currency Safety Net to Protect the People's Wallets," aiming to enhance public awareness and ability to identify counterfeit money through various promotional activities [1] Group 1: Traditional Promotion - Qingdao Bank has equipped its branches with sufficient promotional brochures and manuals, and is playing anti-counterfeit videos in waiting areas to educate customers [4] - Interactive experience zones have been set up where customers can engage in simulated scenarios and quizzes to learn about counterfeit identification, making the promotion more engaging [4] - Some branches have established dedicated anti-counterfeit information sections displaying high-definition images of RMB security features and identification methods [4] Group 2: Online Promotion - The bank has created an online matrix using social media and web platforms, including the official WeChat account "Micro Qingyin" to disseminate anti-counterfeit knowledge [5] - An online quiz on anti-counterfeit currency knowledge was launched on September 15, inviting not only in-branch customers but also community members to participate, effectively raising public awareness [5] Group 3: Targeted Outreach - In rural areas, Qingdao Bank utilizes local branches and rural promotional stations to distribute anti-counterfeit materials and conduct live demonstrations and Q&A sessions [7] - The bank has focused on specific groups, such as visiting funeral service providers to promote regulations against the sale of illegal paper money and advising coin collectors on distinguishing between genuine and counterfeit currency [7] Group 4: Police-Bank Collaboration - Qingdao Bank actively responds to the call from the People's Bank of China in Qingdao to conduct joint promotional activities in rural areas, integrating resources to educate citizens about counterfeit crime methods and typical cases [8] - The bank aims to make anti-counterfeit knowledge accessible and memorable through experiential learning, ensuring that the promotion takes root in rural communities [8] Group 5: Future Plans - A representative from Qingdao Bank stated that the initiative will deepen police-bank cooperation and establish a regular anti-counterfeit promotion mechanism to safeguard public financial security [11] - The activity has significantly improved citizens' ability to identify counterfeit money and has effectively curbed the spread of counterfeit currency, contributing positively to a safe and harmonious financial environment [11] - The bank plans to continue enhancing anti-counterfeit promotion efforts, innovating methods, and actively combating counterfeit currency crimes in collaboration with the People's Bank [11]

Core Viewpoint - The article highlights the increasing interest of institutional investors in regional banks, particularly in the Yangtze River Delta, due to their strong performance and resilience in a developed economic region [1][2]. Group 1: Institutional Research Focus - As of September 29, 2023, A-share listed banks have been surveyed over 300 times by more than 2000 institutions, with regional banks in the Yangtze River Delta receiving significant attention [1]. - Institutions are particularly focused on net interest margin stability, potential asset quality risks, and future credit allocation strategies during their research [2][3]. Group 2: Financial Performance of Regional Banks - Changshu Bank reported a revenue of 6.062 billion yuan, a year-on-year increase of 10.10%, and a net profit of 1.969 billion yuan, up 13.51% [2]. - The bank also declared its first interim cash dividend since its listing, distributing 0.15 yuan per share, totaling 499 million yuan [2]. Group 3: Investment Trends in Banking Sector - The investment logic for bank stocks is shifting from valuation recovery to deep value discovery of high-quality banks amid industry differentiation [3]. - As of September 29, 2023, the Shenwan Primary Bank Index closed at 4000.30 points, with a year-to-date increase of 2.33%, while individual stocks like Agricultural Bank, Qingdao Bank, and Pudong Development Bank rose over 20% [4]. - Institutional investments in bank stocks have increased, with insurance funds actively purchasing shares in various banks, indicating a preference for high dividend returns and stable earnings [4].

Core Viewpoint - The bond market is experiencing intensified volatility and challenges, with banks facing difficulties in bond investments and adjusting their strategies accordingly [1][3][4]. Group 1: Market Conditions - The bond market is currently in a state of wide fluctuations, with the ten-year government bond yield oscillating between 1.85% and 1.9%, reflecting increased volatility [3]. - After the implementation of new tax regulations on bond interest, the attractiveness of bonds has decreased, leading to a potential reallocation of assets towards equities and other investments [2]. - In August, the trading volume of bonds declined significantly, with state-owned banks trading approximately 3.568 trillion yuan and joint-stock banks trading about 11.232 trillion yuan, marking a drop from previous months [2]. Group 2: Bank Performance - In the first half of the year, over 80% of A-share listed banks reported positive growth in investment income, with an average increase exceeding 45%, primarily driven by the realization of bond floating profits [5][6]. - Notably, the China Construction Bank achieved an investment income of 27.912 billion yuan, with a year-on-year growth exceeding 200%, significantly contributing to its revenue [6]. - However, many banks are experiencing a decline in non-interest income due to the challenging market conditions, with some reporting negative growth [4]. Group 3: Investment Strategies - Banks are adjusting their investment strategies in response to the volatile bond market, focusing on wave trading and increasing the use of derivative instruments for hedging [9][10]. - The Postal Savings Bank has adopted a more flexible asset-liability strategy, actively expanding its balance sheet to capture income opportunities amid market fluctuations [9]. - The overall sentiment among bank executives is cautious regarding the sustainability of investment income growth in the second half of the year [3][4].

Investment Rating - The report maintains a recommendation for the banking industry [3] Core Insights - The report provides a comprehensive analysis of the asset-liability structure and interest margin changes of 42 A-share listed banks during the "14th Five-Year Plan" period, highlighting a shift towards corporate loans on the asset side and a stronger retail focus on the liability side [12][14] - The asset-liability structure indicates a significant increase in the proportion of corporate loans, rising from 57.02% to 63.22% from the end of 2020 to mid-2025, while the proportion of demand deposits decreased from 41.94% to 30% [12][14] - The report notes a decline in both asset yield and interest margin, with the yield on interest-earning assets dropping from 4.43% to 3.32% and the net interest margin decreasing from 2.23% to 1.53% during the same period [14][15] Summary by Sections Overall Asset-Liability Structure and Interest Margin Changes - The asset-liability structure shows an increase in loan-to-earning asset ratio from 54.19% to 56.49%, with corporate loans making up a larger share of total loans [14][15] - The average yield on interest-earning assets decreased significantly, with the loan yield falling from 5.34% to 3.82% [15] - The net interest margin for listed banks remains higher than that of commercial banks, despite a decline [14][15] Changes in Each Banking Sector's Asset-Liability Structure and Interest Margin - City commercial banks experienced a more significant increase in the proportion of corporate loans, with their interest margin narrowing less compared to other banks [18] - The report highlights that the proportion of deposits in interest-bearing liabilities for state-owned banks decreased, while it increased for rural commercial banks [18] - The decline in interest-bearing liabilities' cost rate was most pronounced in city commercial banks, leading to a smaller reduction in their interest margin [18]

北京商报讯(记者孟凡霞周义力)9月28日，国家金融监督管理总局青岛监管局发布《关于姜兵青岛银行 （002948）行长助理任职资格的批复》，核准姜兵担任青岛银行行长助理的任职资格。 ...

1. Report Industry Investment Rating No information about the report industry investment rating is provided in the given content. 2. Core Viewpoints of the Report - External environment factors such as interest rate fluctuations, bond supply - demand, and policy orientation jointly impact bond investment returns. In H1 2025, the bond investment of 42 listed banks showed certain characteristics in scale, structure, and profit and loss, but there are still challenges in maintaining stable returns in the future [1]. - The overall bond investment scale of 42 listed banks expanded steadily in H1 2025. There were differences in the investment structure among different types of banks, with state - owned banks and city commercial banks having stable growth in the bond allocation portfolio, while joint - stock banks and rural commercial banks increased their efforts in the bond trading portfolio. The bond investment portfolio generally presented a pattern of "stable foundation and flexible gain" [1]. - The coupon income of 42 listed banks was generally stable in H1 2025 but showed a slight year - on - year decline. The fair value change loss was significant, and the investment income increased. However, the bond investment of the banking industry still faces pressure to maintain stable returns [1]. 3. Summary According to the Table of Contents 3.1 42 Listed Banks' Bond Investment Volume - **Overall Bond Investment Scale: Steady Expansion**: In H1 2025, the total scale of the three types of bond - type financial assets of 42 listed banks showed a steady expansion trend. The growth of debt investment - type financial assets measured at amortized cost was relatively slow, while the growth of trading financial assets measured at fair value and included in current profits and losses was relatively large, indicating that banks increased the proportion of trading positions [9]. - **Differentiated Bond Investment Distribution Structures among Different Bank Types**: In H1 2025, state - owned banks and city commercial banks showed stable growth in the bond allocation portfolio, which may be related to their participation in the primary - market issuance of important national and regional bond varieties. Joint - stock banks and rural commercial banks slightly weakened their bond allocation power but significantly increased their efforts in the bond trading portfolio, showing a differentiated feature of "stable allocation by large banks and prominent trading flexibility by small and medium - sized banks" [13]. - **Bond Investment Allocation Tilted towards Government - Related Bonds**: In H1 2025, commercial banks increased their allocation of government - related bonds, with an average month - on - month increase of about 10% for state - owned banks, joint - stock banks, and city commercial banks, and a slightly smaller increase for rural commercial banks. The allocation of financial bonds and other bonds was differentiated. All banks held a relatively large scale of government - related bonds, followed by financial bonds and credit - related bonds [18]. - **Correlation between Financial Asset Types and Bond Variety Structures**: The banking industry maintained a stable growth of interest - rate bonds in the bond allocation portfolio and increased the allocation of credit bonds, while the allocation of financial bonds was relatively weak. In the bond trading portfolio, interest - rate bonds and financial bonds were the core varieties, with a more significant increase than credit bonds, showing a "stable foundation and flexible gain" pattern [22]. 3.2 42 Listed Banks' Bond Investment Profit and Loss - **Coupon Income: Generally Stable and Still the Main Source of Income**: In H1 2025, the total coupon income of 42 listed banks decreased slightly year - on - year. Although the scale of held - to - maturity bonds increased, the decline in the coupon rate of newly issued bonds led to a decrease in coupon income. In the future, coupon income is still expected to be the main source of bond investment income for commercial banks [26]. - **Fair Value Change Loss: Losses in the Trading Level**: In H1 2025, the total fair value change loss of 42 listed banks decreased significantly year - on - year, indicating that it was difficult to obtain capital gains through short - term trading in the volatile bond market, and there were floating losses in bond trading [28]. - **Investment Income: Growth in All Bank Types**: In H1 2025, the actual investment income of 42 listed banks in the bond field increased significantly year - on - year. Although the book value appreciation of bond - type trading financial assets and other debt investment - type financial assets was not as good as that of the previous year, banks could still increase their investment income by selling floating - profit old bonds and waiting for the maturity of high - coupon bonds [31]. 3.3 Attribution and Summary - **External Environment Driving Factors: Interest Rate Fluctuations, Bond Supply - Demand, and Policy Orientation Jointly Impact Bond Investment Returns**: In H1 2025, the "more adjustments and fewer opportunities" bond market environment led to a general decline in the prices of existing bonds, resulting in a significant year - on - year decline in the fair value change loss of listed banks' bond investment. The supply of national bonds, local government bonds, and policy - based financial bonds increased, but the coupon rate of newly issued bonds decreased, leading to a decline in coupon income. Regulatory policies indirectly affected bond investment performance [35]. - **Banking Industry's Bond Investment Pressure and Future Outlook** - Overall Income Shows a Positive Trend but There Are Still Hidden Concerns: In H1 2025, the actual bond investment income of 42 listed banks increased slightly year - on - year, but the coupon income faced downward pressure in the interest - rate downward cycle, and it was more difficult to obtain spread income through band trading. Since H2 2025, the "stock - strong and bond - weak" pattern has emerged, and the loss caused by fair value change will be more obvious [3]. - Different Bank Types Show Differentiated Performance, and State - owned Banks' Pressure Is Relatively Controllable: State - owned banks can maintain a certain profit - making ability in the low - interest - rate volatile bond market due to their advantages in bond allocation and trading portfolios. Joint - stock banks, city commercial banks, and rural commercial banks are more vulnerable, and they may increase their capital allocation in the equity market, commodity market, and related structured fixed - income products in the future [3].

本行及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或者重大遗漏。 特别提示： 1.2025年第一次临时股东大会、2025年第一次A股类别股东大会及2025年第一次H股类别股东大会（以 下合称"本次股东大会"）均无否决提案的情形。 2.本次股东大会均不涉及变更以往股东大会已通过的决议。 一、会议召开情况 （一）召开时间 1.现场会议召开时间：2025年9月26日（星期五） 2.网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为2025年9月26日9:15-9:25，9:30- 11:30和13:00-15:00；通过互联网投票系统投票的时间为2025年9月26日9:15-15:00。 （二）会议地点：山东省青岛市崂山区秦岭路6号青岛银行总行 （三）召开方式：采取现场投票与网络投票相结合的方式 （四）召集人：青岛银行股份有限公司（以下简称"本行"）董事会 ■ （二）2025年第一次A股类别股东大会 ■ （三）2025年第一次H股类别股东大会 ■ （五）主持人：本行董事长景在伦先生 （六）本次股东大会的召开符合《中华人民共和国公司法》等有关法律、行政法规、部门规章及《青岛 银行股 ...

北京商报讯（记者 孟凡霞 周义力）9月26日，青岛银行发布2025年第一次临时股东大会、2025年第一次 A股类别股东大会及2025年第一次H股类别股东大会决议公告，会议审议通过了《关于青岛银行股份有 限公司不再设置监事会的议案》。 ...