2025.06. 04 本文字数：3405，阅读时长大约6分钟 作者 | 第一财经 亓宁 经历节前短暂调整之后，节后银行板块又成了股市"最靓的仔"。端午假期后首个交易日（6月3 日），银行AH股集体走强，A股沪农商行早盘强势封涨停，带动城农商行和股份行齐涨，多股股价 创下新高。 进入二季度以来，银行股在高股息率、险资增配、公募基金改革调仓等逻辑支撑下被避险资金持续看 好，成为A股首个市值突破10万亿元的板块，银行指数和部分个股频频逆势续创新高。随着5月降准 降息和新一轮存款利率调降落地，低利率环境中关于"存款理财不如买银行股"的讨论进一步升温。 不过，对于6月3日银行股的显眼表现，受访人士认为，主要与沪农商行和渝农商行被纳入市场核心 指数有关，这再度刺激了市场的炒作情绪。"不同于理性投资、价值投资，炒作注定没办法持 续。"有资深银行研究人士提示，要理性看待部分个股股价的过快上涨，银行股投资终究要回归基本 面。 2家农商行纳入核心指数 6月3日，沪农商行开盘即走强，以一个涨停板成为银行板块的"明星"。伴随板块集体大涨，兴业银 行、中信银行、北京银行、浦发银行、杭州银行、南京银行、成都银行、渝农商行股价均在当天创 ...

青岛银行股份有限公司 境内同步披露公告 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。 青岛银行股份有限公司根据《香港联合交易所有限公司证券上市规则》规定， 已在香港联合交易所有限公司披露易网站（https://www.hkexnews.hk/）披露后附 公告。 根据《深圳证券交易所股票上市规则》关于上市公司在境内外证券交易所同 步披露公告的规定，特将该公告在深圳证券交易所网站（http://www.szse.cn/）同 步披露，供参阅。 特此公告。 青岛银行股份有限公司董事会 2025 年 6 月 3 日 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5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: 青島銀行股份有限公司 呈交日期: 2025年6月3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 | | | --- | --- | --- | --- | --- | --- | --- | ...

南方财经全媒体记者 吴霜 上海报道 6月3日，A股银行板块涨幅居前，多数成份股飘红，沪农商行、渝农商行、青岛银行、兴业银行、上海 银行等银行涨幅较大。其中，沪农商行早盘股价触及涨停，截至发稿，报9.86元每股，涨幅10.04%，股 价创3年多以来的新高，总市值逼近千亿大关。 随着银行个股股价的上涨，银行转债开始频频发出预警，提示着触发转股的可能。实际上，对于银行来 说，转债转股是一件喜闻乐见的事情。一方面，可以降低银行的融资成本；另一方面，可以补充银行的 核心一级资本充足率。 上海银行就在一季度的业绩发布会指出，推进可转债转股，是该行补充核心一级资本的有效方式，公司 和管理层高度重视市场对公司的关注和评价，持续提升内在价值，推进估值修复。 但是对于债券投资人来说，银行转债的持续转股也会导致其转债投资的优质资产变得更加稀缺。 6月3日整体大盘微涨，银行股大幅领涨。具体来看，截至收盘，上证综指涨0.43%，报3361.98点；科创 50指数涨0.48%，报981.71点；深证成指涨0.16%，报10057.17点；创业板指涨0.48%，报2002.7点。 其中银行板块，除了沪农商行外，今日渝农商行大涨6.76%， ...

无需港股通，A股账户就能T+0买港股>> 港股内银股走强，中信银行（601998）、青岛银行（002948）涨超4%，工商银行（601398）、农业银 行（601288）、中国银行、建设银行（601939）等跟涨。 ...

Group 1 - The core viewpoint of the news is that financial institutions in Tai'an have effectively addressed the financing needs of 225 enterprises, providing a total of 33.47 billion yuan in funding this year [1][5]. - The establishment of a specialized service team by Hengfeng Bank to support the hydrogen energy project demonstrates a proactive approach to green finance, resulting in a 60% reduction in traditional credit approval time [2][5]. - The implementation of a "financial station" model by Qingdao Bank and the promotion of a grid-based approach to connect with small and micro enterprises have led to the successful approval of loans, such as a 3 million yuan technology loan within just three working days [4][5]. Group 2 - The Tai'an Municipal Finance Bureau has created a mechanism for financial resources to reach enterprises quickly, establishing a system where enterprises can submit financing requests that are then communicated to financial institutions [3][5]. - The innovative use of intangible assets, such as patents, as collateral by Tai'an Rural Commercial Bank has enabled companies to secure significant loans, exemplified by a 10 million yuan loan approved in just four days [5]. - The overall financial support system in Tai'an has been enhanced through a three-level financial service linkage mechanism, which has significantly improved the efficiency and effectiveness of financial services for enterprises [3][5].

Summary of Qingdao Bank Conference Call Company Overview - **Company**: Qingdao Bank - **Industry**: Banking, specifically city commercial banks in China Key Points and Arguments Financial Performance - Qingdao Bank has achieved better-than-expected performance in 2023, driven by structural adjustments and efficiency improvements rather than relying on loan scale expansion, aiming for continuous ROE growth [2][8] - The bank's net interest margin (NIM) has increased since 2023, benefiting from adjustments in asset and liability structures, focusing on mid-sized enterprises, and a lower decline in loan yields compared to peers [12][18] - The bank's non-performing loan (NPL) generation rate has significantly decreased to 0.52%, with an overall NPL ratio around 1.1%, indicating improving asset quality [15][20] Market Position and Growth Potential - Qingdao Bank's market share in local areas like Qingdao and Weihai is high, currently at 4% to 5%, but still has room for growth across Shandong province, where credit growth is above the national average [11][19] - The bank's focus on corporate loans, particularly in government infrastructure-related sectors (35% of total loans), provides a diversified and lower-risk credit structure [2][8] Competitive Advantages - The bank has a strong presence in all prefecture-level cities in Shandong, enhancing risk control and asset quality [4] - Qingdao Bank possesses various financial licenses, including wealth management and bond underwriting, which contribute to significant fee income advantages [5][14] - The governance structure is market-oriented with a mixed ownership model, combining local government resources and market advantages, which supports long-term development [6][16] Economic Environment - The stability and resilience of Shandong's state-owned economy provide a favorable environment for Qingdao Bank, with credit income growth outpacing the national average [7][19] - The overall valuation of city commercial banks is expected to rise, benefiting Qingdao Bank as it has no convertible bonds or refinancing arrangements that could suppress its stock price [4][19] Future Outlook - The bank is positioned for continued growth, leveraging its governance structure, shareholder advantages, and comprehensive financial licenses to enhance market share and maintain steady growth [16][20] - The current financial cycle is healthy, with improving ROE and profit growth, supported by declining NPL ratios and strong asset quality indicators [20] Additional Important Insights - The management team has extensive experience from larger banks, which is relatively uncommon in the industry, contributing to the bank's strong performance under the new leadership since 2022 [17] - The bank's fee income from wealth management and other services is a crucial factor in driving ROE above that of comparable banks, indicating a robust business model [14]

北京市金杜律师事务所 关于青岛银行股份有限公司 2024 年度股东大会 之法律意见书 致：青岛银行股份有限公司 北京市金杜律师事务所（以下简称本所）接受青岛银行股份有限公司（以 下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、《中 华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会（以下 简称中国证监会）《上市公司股东会规则》（以下简称《股东会规则》）等中华人 民共和国境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港 特别行政区、中国澳门特别行政区和中国台湾地区）现行有效的法律、行政法 规、规章和规范性文件和现行有效的公司章程有关规定，指派律师出席了公司 于 2025 年 5 月 28 日召开的 2024 年度股东大会（以下简称本次股东大会），并 就本次股东大会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限 于： 1. 经公司 2023 年度股东大会审议通过的《青岛银行股份有限公司章程》 （以下简称《公司章程》）； 2. 公司于《中国证券报》《证券时报》《上海证券报》《证券日报》、巨 潮资讯网及深圳证券交易所（以下 ...

2024 年度股东大会决议公告 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.本次股东大会无否决提案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开情况 证券代码：002948 证券简称：青岛银行 公告编号：2025-019 青岛银行股份有限公司 二、会议出席情况 1 （一）召开时间 1.现场会议召开时间：2025年5月28日（星期三） 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 5 月 28 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 5 月 28 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 （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《青岛银行股份有限公司章程》（以下简 ...

Core Viewpoint - The competition in consumer loans among banks has shifted from a focus on low interest rates to enhancing loan limits and extending loan terms, as banks seek to adapt to changing market conditions and regulatory guidance [1][11][15] Consumer Loan Growth - In 2024, the total consumer loan balance of 40 A-share listed banks increased by over 950 billion yuan, with some banks experiencing growth rates exceeding 90% compared to the previous year [1][3] - The consumer loan balance for these banks reached approximately 6.06 trillion yuan by the end of 2024, marking an increase of 957.85 billion yuan from the previous year [3][4] Interest Rate Trends - Consumer loan interest rates dropped to the "2" range, with some banks offering rates as low as 1.88% for select customers, but this trend has reversed with many banks raising rates to no less than 3% by April 2024 [1][9][10] - The shift back to "3" range interest rates is aimed at preventing excessive competition and potential financial risks associated with low-rate loans [10][11] Bank Strategies - Banks are now focusing on enhancing consumer loan products by increasing limits and extending terms, responding to government initiatives to boost consumption [11][12] - Various banks have begun to raise loan limits and extend repayment periods, with some institutions increasing the maximum loan amount from 300,000 yuan to 500,000 yuan and extending terms from five to seven years [12][16] Market Segmentation - The consumer loan market is showing significant differentiation, with some banks rapidly expanding their loan portfolios through low-rate strategies, while others are contracting due to concerns over rising non-performing loan rates [5][10] - Banks are increasingly targeting specific consumer scenarios, such as home renovations and electric vehicle purchases, to drive loan growth [15][16] Risk Management - The rise in consumer loan balances has led to an increase in non-performing loans, prompting banks to enhance their risk management practices and focus on quality customer segments [9][10][14] - Regulatory bodies are emphasizing the need for banks to monitor the flow of consumer loan funds to mitigate systemic risks [14]

Investment Rating - The report maintains a "Positive" investment rating for the banking sector, particularly favoring high-quality city commercial banks [11]. Core Insights - In the current macroeconomic environment, government leverage expansion is the clearest direction for bank operations, with state-owned banks and city commercial banks focusing on government-related business as a core strategy for balance sheet expansion [2][7]. - Leading city commercial banks are accelerating their market share acquisition, with their performance growth consistently outpacing the banking industry, driven primarily by relatively high-speed balance sheet expansion [6][10]. - The asset quality of city commercial banks, primarily engaged in government-related business, is currently the most stable, with expectations for a decline in the net generation rate of non-performing loans this year [2][9]. Summary by Sections Macroeconomic Environment - The current macroeconomic environment favors government-related business, with city commercial banks focusing on local government, urban construction, and local state-owned enterprises [7]. - The demand for government-led financing continues to expand in key economic regions, such as the Chengdu-Chongqing area and Shandong province, despite concerns about export pressures in the Yangtze River Delta [7][8]. Competitive Landscape - The competitive dynamics between state-owned banks and leading city commercial banks are evolving, with state-owned banks experiencing a significant increase in credit market share due to macro policy guidance [8]. - Regulatory measures are being implemented to protect the net interest margins of state-owned banks, indirectly slowing their loan issuance and creating a more favorable competitive environment for city commercial banks [8][9]. Asset Quality and Loan Performance - City commercial banks have maintained low non-performing loan rates due to their focus on government-related loans, which have seen reduced risk following recent debt restructuring efforts [9]. - The tightening of risk control and loan issuance in retail banking is expected to lead to a slight decrease in the net generation rate of non-performing loans this year [9]. Investment Outlook - The report is optimistic about city commercial banks becoming the core focus for institutional investors in the banking sector, with expectations for their valuations to rise above 1x PB [10]. - Specific banks, such as Hangzhou Bank, are anticipated to lead in valuation increases due to their regional economic strength, asset quality, and performance growth [10].