Core Viewpoint - Qingnong Commercial Bank has received approval for the appointment of two new directors, Zhang Kun and Tang Jing, from the National Financial Supervision Administration's Qingdao Regulatory Bureau [1] Group 1 - Qingnong Commercial Bank announced the receipt of the approval for Zhang Kun's directorship [1] - The bank also received approval for Tang Jing's directorship [1]

证券代码：002958 证券简称：青农商行 公告编号：2025-045 转债代码：128129 转债简称：青农转债 青岛农村商业银行股份有限公司 关于董事任职资格获核准的公告 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。 近日，青岛农村商业银行股份有限公司（以下简称本行）收到《国家金融监督管 理总局青岛监管局关于张坤青岛农商银行董事任职资格的批复》（青金复〔2025〕204 号）、《国家金融监督管理总局青岛监管局关于唐静青岛农商银行董事任职资格的批 复》（青金复〔2025〕205 号），分别核准张坤先生、唐静女士青岛农村商业银行股 份有限公司董事的任职资格。 张坤先生、唐静女士的简历详见本行 2025 年 6 月 5 日在巨潮资讯网 （http://www.cninfo.com.cn）披露的《第五届董事会第五次会议决议公告》。 特此公告。 青岛农村商业银行股份有限公司董事会 2025 年 9 月 16 日 ...

Market Overview - The rural commercial bank sector experienced a slight decline of 0.09% on September 16, with Changshu Bank leading the drop [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Individual Stock Performance - Zijin Bank (601860) closed at 2.96, up 1.37% with a trading volume of 667,700 shares and a turnover of 197 million yuan [1] - Chongqing Rural Commercial Bank (601077) closed at 6.40, up 0.47% with a trading volume of 1,039,100 shares and a turnover of 664 million yuan [1] - Zhangjiagang Bank (002839) closed at 4.45, up 0.45% with a trading volume of 226,300 shares and a turnover of 101 million yuan [1] - Su Nong Bank (603323) closed at 5.22, up 0.19% with a trading volume of 209,100 shares and a turnover of 109 million yuan [1] - Changshu Bank (601128) closed at 7.39, down 1.73% with a trading volume of 450,000 shares and a turnover of 335 million yuan [1] Capital Flow Analysis - The rural commercial bank sector saw a net inflow of 5.63 million yuan from institutional investors, while retail investors experienced a net outflow of 0.70 million yuan [1] - Major capital flows for Chongqing Rural Commercial Bank showed a net inflow of 73.19 million yuan from institutional investors, but a net outflow of 32.84 million yuan from retail investors [2] - Qingnong Bank (002958) had a net inflow of 8.92 million yuan from retail investors despite a net outflow of 8.54 million yuan from institutional investors [2]

Group 1: Retail Intermediate Business Growth - The growth in retail intermediate business income is primarily driven by wealth management services, which remain a significant source of income for the bank [2] - The bank has focused on building a comprehensive wealth management system, enhancing product support, team support, service support, and technology support to improve overall wealth management capabilities [2] - There is an emphasis on targeted customer segmentation, enhancing service strategies, and increasing wealth product allocation to boost income from wealth management [2] Group 2: Stability of Personal Deposits - The bank has implemented a customer segmentation strategy to enhance the quality of customer management, focusing on high-end, marginal, and lost customer groups [2] - Efforts to optimize deposit product issuance mechanisms and improve service levels have led to a significant increase in personal deposits, which surpassed CNY 230 billion in the first half of the year [2] - The bank is actively integrating online and offline channels to enhance customer acquisition and retention amidst declining deposit rates [2] Group 3: Growth in Trading Financial Assets - The bank's trading financial assets grew by 7.11%, outpacing the overall asset growth rate by 5.05 percentage points [3] - This growth is attributed to the bank's capabilities as a market maker for various financial instruments and an increase in bond holdings due to expanded underwriting business [3]

Core Viewpoint - The rural commercial bank sector experienced a decline of 1.26% on September 15, with Yunnan Rural Commercial Bank leading the drop. The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index rose by 0.63% to 13005.77 [1]. Group 1: Market Performance - The closing prices and changes for various rural commercial banks showed negative trends, with Yunnan Rural Commercial Bank down 1.70% to 6.37, and Jiangyin Bank down 1.65% to 4.77 [1]. - The trading volume for the rural commercial bank sector was significant, with total transaction amounts reaching hundreds of millions, such as Zhangjiagang Bank at 1.27 billion and Jiangyin Bank at 1.71 billion [1]. Group 2: Capital Flow - The rural commercial bank sector saw a net inflow of 75.45 million from main funds, while retail investors experienced a net outflow of 71.17 million [1]. - Specific banks like Yunnan Rural Commercial Bank had a main fund net inflow of 57.00 million, but retail investors withdrew 16.05 million [2].

Core Viewpoint - The banking industry is facing a critical turning point as net interest margins have fallen below non-performing loan ratios, indicating a dual pressure of shrinking income and rising risk [1][4][5] Group 1: Financial Indicators - As of Q1 2025, the non-performing loan ratio for commercial banks was 1.51%, while the net interest margin was 1.43%, marking the lowest net interest margin since 2005 [1][5] - By Q2 2025, the net interest margin further declined to 1.42%, with the non-performing loan ratio rising to 1.49% [1] - Over 20% of the 42 listed banks reported net interest margins lower than their non-performing loan ratios, highlighting a concerning trend in the industry [1][6] Group 2: Industry Response - In response to these challenges, banks are shifting towards middle-income business models, with a notable resurgence in insurance and banking (银保) business, which accounted for over 50% of income for the first time in 15 years [2][21] - Major banks like China Merchants Bank and Ping An Bank reported over 40% year-on-year growth in insurance income [2] Group 3: Asset and Liability Management - The continuous decline in net interest margins is attributed to a combination of low asset yields and rigid liability costs, exacerbated by insufficient effective credit demand and external pressures from bond market financing [10][12] - Banks are adjusting their asset-liability strategies to cope with narrowing margins, focusing on optimizing their loan structures and reducing costs [13] Group 4: Asset Quality and Risk - The total non-performing loan balance for commercial banks was reported at 34,342 billion yuan in Q2 2025, with a slight decrease from Q1 [15] - The provision coverage ratio improved to 211.97%, indicating enhanced risk mitigation capabilities [15] - However, the non-performing loan generation rate and overdue loan rates are on the rise, suggesting ongoing pressure on asset quality [17][19] Group 5: Middle-Income Business Growth - The middle-income business segment is showing signs of recovery, with non-interest income growing by 6.97% year-on-year in the first half of 2025, reversing a downward trend [21][22] - The insurance business is becoming a key growth driver, with banks leveraging their networks to enhance insurance sales [23]

本期债券簿记建档日为2025年9月10日，缴款日为2025年9月12日，发行规模为5亿元，品种为3年期浮动 利率债券，票面利率为1.88%。本期债券的募集资金将全部专项用于发放涉农贷款，支持乡村振兴业务 发展。 北京商报讯(记者宋亦桐)9月12日，青岛农商行发布公告，经中国人民银行批准，该行近日在全国银行 间债券市场发行"青岛农村商业银行股份有限公司2025年'三农'专项金融债券"(以下简称"本期债券")。 ...

| 证券代码：002958 | 证券简称：青农商行 | 公告编号:2025-044 | | --- | --- | --- | | 转债代码：128129 | 转债简称：青农转债 | | 青岛农村商业银行股份有限公司 关于 2025 年"三农"专项金融债券发行完毕的公告 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。 本期债券簿记建档日为 2025 年 9 月 10 日，缴款日为 2025 年 9 月 12 日，发行规 模为人民币 5 亿元，品种为 3 年期浮动利率债券，票面利率为 1.88%。 本期债券的募集资金将全部专项用于发放涉农贷款，支持乡村振兴业务发展。 特此公告。 青岛农村商业银行股份有限公司董事会 2025 年 9 月 12 日 1 经中国人民银行批准，青岛农村商业银行股份有限公司（以下简称本行）近日在 全国银行间债券市场发行"青岛农村商业银行股份有限公司 2025 年'三农'专项金 融债券"（以下简称本期债券）。 ...

Core Viewpoint - The People's Bank of China (PBOC) has established a new evaluation mechanism for primary dealers in the open market, which will be implemented in 2025, aiming to enhance the transmission of monetary policy and adapt to the evolving financial market [1]. Group 1: Evaluation Mechanism - The PBOC's evaluation mechanism for primary dealers was first established in 2004 and adjusted in 2018 to support smooth open market operations [1]. - The new evaluation method will focus on optimizing and simplifying assessment indicators, categorizing institutions for evaluation, and strengthening the linkage with bond market makers [1]. - The list of primary dealers for the year 2025 will remain unchanged, and any dealer exhibiting inappropriate behavior during the evaluation period may be suspended from participating in open market operations [1]. Group 2: Institutions Involved - A comprehensive list of institutions that will be evaluated includes major banks such as Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Bank of China, among others [3][4]. - The evaluation will consider factors such as stable lending, reasonable pricing, market performance during tight funding periods, and compliance with operational standards [3].

Group 1 - The National Financial Regulatory Administration of Qingdao approved the merger of Qingdao Rural Commercial Bank with Qingdao Pingdu Huimin Village Bank, allowing the latter to be transformed into a branch of the former [1] - Qingdao Rural Commercial Bank is required to follow relevant laws and regulations during the merger process and ensure the dissolution of Qingdao Pingdu Huimin Village Bank is completed [1] - After the merger preparations are completed, Qingdao Rural Commercial Bank must submit applications for branch establishment and other related matters to regulatory authorities [1] Group 2 - The merger will involve the transfer of assets, liabilities, business, employees, and rights and obligations from Qingdao Pingdu Huimin Village Bank to Qingdao Rural Commercial Bank [1] - The regulatory body emphasized the importance of maintaining stability in personnel and business during the merger process, as well as managing public opinion risks and strengthening risk control [1]