Group 1 - The performance of bank stocks on August 6 showed divergence, with Agricultural Bank rising nearly 1% to set a new historical high, while other banks like Minsheng Bank and Guiyang Bank experienced declines [1] - The AH Preferred ETF (517900) for banks fell by 0.74% during intraday trading, with a real-time price of 1.6 yuan and a transaction volume of 86.87 million yuan, surpassing the total transaction amount from the previous day [1] - Year-to-date, the AH Preferred ETF (517900) has seen a net inflow of 840 million yuan, with a share increase of 644%, leading the growth rate among bank ETFs [1] Group 2 - Goldman Sachs' latest report indicates that Chinese bank stocks have reached a turning point based on recent market performance, investor sentiment, and changes in the economic environment [1] - Goldman Sachs predicts a 0.3% growth in average pre-provision operating profit (PPOP) and net profit for rated banks in the second quarter, along with upward adjustments of 2%, 4%, and 4% for revenue forecasts from 2025 to 2027, and 5%, 6%, and 5% for post-tax net profit forecasts [1]

Group 1 - Fujian's unique geographical features have led to rich forestry resources, with a forest coverage rate that has ranked first in the country for over 40 years [1] - The province is actively implementing the "big food concept" to scientifically utilize forest resources and develop a "forest food bank," focusing on diverse food supply capabilities [1] - Agricultural Bank of China (ABC) in Fujian is enhancing financial innovation to address financing challenges in the forest food industry, facilitating the transformation from ecological resources to economic benefits [1] Group 2 - State-owned forest farms serve as crucial ecological barriers and wood strategic reserves, facing challenges in funding for re-production and industrial upgrades due to long growth cycles and high maintenance costs [2] - ABC's Nanping branch introduced the "Lin Guo Loan" financing scheme, allowing a state-owned forest farm to use over 2,700 acres of growing fir as collateral, successfully securing 8 million yuan in credit [2] - This innovative approach transforms static ecological resources into dynamic development capital, enabling the forest farm to upgrade its industry and create job opportunities for local farmers [2] Group 3 - Longtian County, once severely affected by soil erosion, has improved its ecological environment and is now developing oil tea industries to enhance local income [3] - ABC provided a 280,000 yuan production loan to a local farmer, enabling the establishment of an oil tea base that serves as a model for ecological poverty alleviation, benefiting over 40 households [3] Group 4 - ABC's Longtian branch has launched innovative products like "Huinong e-loan" and "Rural Revitalization Talent Loan" to address financing challenges in the forest food industry, supporting over 10,000 farmers by June 2025 [4] Group 5 - Fujian has abundant bamboo resources, with bamboo forest area reaching 18.73 million acres, accounting for 17.5% of the national total [5] - The bamboo industry has historically been fragmented and low-value, but ABC's Sanming Yong'an branch is providing comprehensive financial services to enhance the entire bamboo industry chain [5] - The "Bamboo Farmer Loan" product is designed to meet seasonal funding needs for bamboo farmers, enabling them to generate significant annual income [5] Group 6 - ABC has supported leading enterprises in the industry, such as Taicuo (Fujian) Technology Co., Ltd., which has developed various bamboo products, achieving an annual output value of nearly 40 million yuan [7] - The bank has provided 160 million yuan in credit to support the entire bamboo industry chain, promoting the value addition of forest products and increasing farmers' income [7] - As of June this year, the total balance of forest-related loans in Fujian reached 166.23 billion yuan, a year-on-year increase of 15.3%, benefiting 444,000 forestry operators [7]

证券代码：601288 证券简称：农业银行 公告编号：临2025-035号 经相关监管机构批准，中国农业银行股份有限公司（以下简称"本行"）在全国银行间债券市场发行"中 国农业银行股份有限公司2025年总损失吸收能力非资本债券（第二期）（债券通）"（以下简称"本期债 券"）。 本期债券于2025年8月1日簿记建档，于2025年8月5日发行完毕。本期债券发行总规模为人民币500亿 元，分为三个品种。其中品种一为4年期固定利率债券，发行规模为人民币300亿元，票面利率为 1.85%，在第3年末附有条件的发行人赎回权；品种二为6年期固定利率债券，发行规模为人民币50亿 元，票面利率为1.93%，在第5年末附有条件的发行人赎回权；品种三为11年期固定利率债券，发行规 模为人民币150亿元，票面利率为2.15%，在第10年末附有条件的发行人赎回权。 本期债券募集资金在扣除发行费用后，将依据适用法律和主管部门的批准用于提升本行总损失吸收能 力。 特此公告。 中国农业银行股份有限公司董事会 中国农业银行股份有限公司关于 二〇二五年八月五日 2025年总损失吸收能力非资本债券（第二期）（债券通）发行完毕的公告 中国农业银行股 ...

Core Viewpoint - Agricultural Bank of China successfully issued a total of 50 billion TLAC (Total Loss Absorbing Capacity) non-capital bonds on August 1, 2023, enhancing its capital structure and loss absorption capacity [1][2]. Group 1: TLAC Bond Issuance Details - The issuance included three maturity combinations: 300 billion for 3+1 years at a rate of 1.85%, 50 billion for 5+1 years at 1.93%, and 150 billion for 10+1 years at 2.15% [1]. - The total issuance of TLAC bonds by Agricultural Bank has reached 800 billion, following a previous issuance of 300 billion on June 26, 2023 [1][2]. - The recent issuance attracted significant interest, with total subscriptions reaching four times the base issuance amount [2]. Group 2: Market Participation and Trends - The June issuance also saw participation from a diverse range of investors, including state-owned banks, insurance companies, and foreign institutions [2][3]. - Other major banks, such as Bank of Communications and Bank of China, have also completed TLAC bond issuances, indicating a growing trend among global systemically important banks [3]. Group 3: Benefits of TLAC Bonds - TLAC bonds serve as a "bail-in" tool, allowing for conversion to equity or write-downs in case of bank insolvency, thereby enhancing loss absorption capacity [3][5]. - The issuance of TLAC bonds helps optimize capital structure by supplementing capital, reducing financing costs, diversifying funding sources, and mitigating systemic risk [4][6]. - The mechanism protects depositors and senior creditors while providing banks with new self-rescue tools during crises, ultimately improving sustainable operational capacity [5][6].

5日，A股市场全天震荡走高，沪指收涨0.96%重回3600点上方，再创年内收盘新高，全市场超3900只个 股上涨。银行板块在当天午后震荡走强，中证银行指数全天涨1.6%，报8087.4点，个股全线飘红。 其中，浦发银行以4.72%涨幅领涨，齐鲁银行涨幅接近3%，常熟银行、浙商银行、江阴银行、民生银 行、青岛银行、农业银行等10余只个股涨幅超过2%。其中，农业银行A股股价续创新高，收报6.54元/ 股。 债券利息恢复征税，如何影响机构对银行股的配置策略？ 8月5日，A股银行板块再度震荡走强，尤其随着农业银行股价续创新高，市场上不乏"银行股又行了"的 调侃。在此之前，银行股经历了半个多月的回调，中证银行指数在7月中下旬累计跌超7%，后市分歧加 大。 对于近期银行股反弹，有机构人士对第一财经表示，"资产荒"背景下，银行股的稳定分红依然具有较强 吸引力，高位回调让不少个股性价比提升。"国债、地方债、金融债利息收入恢复征税，比价效应下， 非银机构尤其保险资金长期增配银行股的动力可能会更强。"该人士表示。 另从业绩快报和机构预测来看，银行业今年上半年业绩较一季度大概率会略有改善。目前披露上半年业 绩快报的5家区域性银行中 ...

Core Viewpoint - Agricultural Bank of China (01288.HK) has announced the issuance of "Agricultural Bank of China Co., Ltd. 2025 Total Loss Absorption Capacity Non-Capital Bonds (Second Phase)" approved by relevant regulatory authorities, with a total issuance scale of RMB 50 billion [1] Summary by Categories Bond Issuance Details - The bond issuance consists of three varieties: - Type One: 4-year fixed-rate bond with an issuance scale of RMB 30 billion and a coupon rate of 1.85%, with a conditional issuer call option at the end of the third year [1] - Type Two: 6-year fixed-rate bond with an issuance scale of RMB 5 billion and a coupon rate of 1.93%, with a conditional issuer call option at the end of the fifth year [1] - Type Three: 11-year fixed-rate bond with an issuance scale of RMB 15 billion and a coupon rate of 2.15%, with a conditional issuer call option at the end of the tenth year [1] Use of Proceeds - The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss absorption capacity in accordance with applicable laws and regulatory approvals [1]

该信息由智通财经网提供 本期债券募集资金在扣除发行费用后，将依据适用法律和主管部门的批准用于提升该行总损失吸收能 力。 智通财经APP讯，农业银行(01288)发布公告，经相关监管机构批准，该行在全国银行间债券市场发 行"中国农业银行股份有限公司2025年总损失吸收能力非资本债券(第二期)(债券通)"(本期债券)。 本期 债券于2025年8月1日簿记建档，于2025年8月5日发行完毕。本期债券发行总规模为人民币500亿元，分 为三个品种。其中品种一为4年期固定利率债券，发行规模为人民币300亿元，票面利率为1.85%，在第 3年末附有条件的发行人赎回权;品种二为6年期固定利率债券，发行规模为人民币50亿元，票面利率为 1.93%，在第5年末附有条件的发行人赎回权;品种三为11年期固定利率债券，发行规模为人民币150亿 元，票面利率为2.15%，在第10年末附有条件的发行人赎回权。 ...

本期债券募集资金在扣除发行费用后，将依据适用法律和主管部门的批准用于提升该行总损失吸收能 力。 农业银行（601288）(01288)发布公告，经相关监管机构批准，该行在全国银行间债券市场发行"中国农 业银行股份有限公司2025年总损失吸收能力非资本债券(第二期)(债券通)"(本期债券)。 本期债券于2025年8月1日簿记建档，于2025年8月5日发行完毕。本期债券发行总规模为人民币500亿 元，分为三个品种。其中品种一为4年期固定利率债券，发行规模为人民币300亿元，票面利率为 1.85%，在第3年末附有条件的发行人赎回权;品种二为6年期固定利率债券，发行规模为人民币50亿元， 票面利率为1.93%，在第5年末附有条件的发行人赎回权;品种三为11年期固定利率债券，发行规模为人 民币150亿元，票面利率为2.15%，在第10年末附有条件的发行人赎回权。 ...

本期债券发行总规模为人民币500亿元，分为三个品种。其中品种一为4年期固定利率债券，发行规模为 人民币300亿元，票面利率为1.85%，在第3年末附有条件的发行人赎回权；品种二为6年期固定利率债 券，发行规模为人民币50亿元，票面利率为1.93%，在第5年末附有条件的发行人赎回权；品种三为11 年期固定利率债券，发行规模为人民币150亿元，票面利率为2.15%，在第10年末附有条件的发行人赎 回权。本期债券募集资金在扣除发行费用后，将依据适用法律和主管部门的批准用于提升本行总损失吸 收能力。 格隆汇8月5日丨农业银行(01288.HK)发布公告，经相关监管机构批准，本行在全国银行间债券市场发 行"中国农业银行股份有限公司2025年总损失吸收能力非资本债券(第二期)(债券通)"。本期债券于2025 年8月1日簿记建档，于2025年8月5日发行完毕。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 經相關監管機構批准，本行在全國銀行間債券市場發行「中國農業銀行股份有限公司2025 年總損失吸收能力非資本債券（第二期）（債券通）」（「本期債券」）。 本期債券於2025年8月1日簿記建檔，於2025年8月5日發行完畢。本期債券發行總規模為 人民幣500億元，分為三個品種。其中品種一為4年期固定利率債券，發行規模為人民幣 300億元，票面利率為1.85%，在第3年末附有條件的發行人贖回權；品種二為6年期固定 利率債券，發行規模為人民幣50億元，票面利率為1.93%，在第5年末附有條件的發行人 贖回權；品種三為1 1年期固定利率債券，發行規模為人民幣150億元，票面利率為 2.15%，在第10年末附有條件的發行人贖回權。 - 1 - 本期債券募集資金在扣除發行費用後，將依據適用法律和主管部門的批准用於提升本行 總損失吸收能力。 承董事會命 AGRICULTURAL BANK OF CHINA LIMITE ...