Group 1 - Multiple Wall Street analysts predict that the Federal Reserve may announce the termination of its years-long balance sheet reduction plan at the upcoming meeting at the end of October [2] - Observers note that increasing friction in the money market could impact the achievement of inflation and employment dual targets, indicating a significant turning point for the Quantitative Tightening (QT) policy [2] - Analysts believe that halting QT to stop liquidity withdrawal during the Federal Open Market Committee (FOMC) meeting on October 28-29 would help ensure smooth technical operations of monetary policy [2] Group 2 - The rise in repo rates and the Secured Overnight Financing Rate (SOFR) confirms the existence of market friction [2] - The Federal Funds Rate target, which is the core rate of the Federal Reserve, continues to rise within the 4%-4.25% target range [2] - Federal Reserve Chairman Jerome Powell indicated on October 14 that QT might end in the "coming months," while also stating that the financial system still has ample liquidity [2]

Core Points - The announcement is regarding the third quarter performance briefing of Bank of China for 2025 [1] - The briefing will be conducted in an interactive online format, allowing for real-time communication with investors [2] Group 1: Meeting Details - The performance briefing is scheduled for October 29, 2025, from 16:30 to 17:30 [6] - Investors can participate via the Shanghai Stock Exchange Roadshow Center website [6] - Questions can be submitted via email to the bank's investor relations team before the meeting [6] Group 2: Participation Information - Investors are encouraged to send their questions to ir@bankofchina.com by October 27, 2025, at 17:00 [4] - The bank will address commonly asked questions during the performance briefing [4][6] - The meeting will be accessible for review after its conclusion on the same website [4]

Core Viewpoint - The Bank of China Yunnan Branch is actively promoting consumer rights protection during the 2025 National Day and Mid-Autumn Festival, focusing on enhancing public financial risk awareness and building a secure financial environment in the region [1] Group 1: Consumer Rights Protection Activities - The Yunnan Branch organized various institutions to implement a multi-scenario and multi-form promotional model for consumer rights protection education [1] - The branch's business departments utilized visual and scenario-based methods to disseminate financial knowledge, including risk warnings during key customer interactions [2] - A significant number of promotional materials were distributed, with over a thousand pieces handed out and thousands of financial consultations provided [8] Group 2: Targeted Education for Specific Demographics - The bank focused on educating the elderly about financial safety, including anti-fraud measures and information protection, particularly during the "Respect for the Elderly Month" [3] - For young consumers, the bank conducted on-campus promotions addressing common financial risks such as telecom fraud and irrational spending, using case studies to illustrate risks [4] Group 3: Community Engagement and Outreach - The bank extended its services to communities, markets, and rural areas, providing accessible consumer protection services [6] - Collaborative events with local communities and law enforcement were held to enhance awareness of fraud prevention and financial services [6] - The bank's initiatives received positive feedback from participants, highlighting the effectiveness and warmth of the outreach efforts [8] Group 4: Future Plans - The Bank of China Yunnan Branch plans to continue enhancing consumer rights protection efforts by innovating promotional methods and expanding service coverage [8]

证券代码：601988 证券简称：中国银行 公告编号：临 2025-076 中国银行股份有限公司 关于召开2025年第三季度业绩说明会的公告 中国银行股份有限公司董事会及全体董事保证本公告内容不存在任何虚 假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性 承担法律责任。 重要内容提示： 一、业绩说明会类型 业绩说明会通过网络文字互动方式召开，本行将针对 2025 年第 三季度业绩和经营等情况与投资者进行交流，并对投资者普遍关注的 问题进行回答。 二、业绩说明会召开的时间、方式和参会网址 （一）会议召开时间：2025 年 10 月 29 日 16:30-17:30 1 （三）参会网址：上证路演中心（https://roadshow.sseinfo.com） 三、参加人员 董事会秘书及相关业务部门负责人。 四、投资者参加方式 （一）投资者可于 2025 年 10 月 29 日 16:30-17:30 登录上证路演 中心（https://roadshow.sseinfo.com）参会。 （二）投资者可于 2025 年 10 月 27 日 17:00 前将相关问题通过 电子邮件的形式发送至本行邮箱 ...

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分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 中國銀行股份有限公司 BANK OF CHINA LIMITED （於中華人民共和國註冊成立的股份有限公司） （「本行」） （股份代號：3988） 關於召開2025年第三季度業績說明會的公告 重要內容提示： 一、業績說明會類型 業績說明會通過網絡文字互動方式召開，本行將針對2025年第三季度業績和 經營等情況與投資者進行交流，並對投資者普遍關注的問題進行回答。 1 • 會議召開時間：2025年10月29日16:30-17:30 • 會議召開方式：網絡文字互動 • 參會網址：上證路演中心（ https://roadshow.sseinfo.com ） • 投資者可於2025年10月27日17:00前將相關問題通過電子郵件的形式發送至 本行郵箱 ir@bankofchina.com ，或在會議召開時提問。本行將於2025年第三 季度業績說明會（「業績說明會」）上對投資者普遍關注的問題進行回答。 二、業績說明 ...

Core Insights - The report from the Bank of China outlines the global asset allocation strategy for Q4 2025, emphasizing the contrasting trends of a "cold economy" and "hot assets" observed in the first three quarters of the year [1][10][12]. Market Performance Overview - The global economy has shown signs of weakness, while equity markets have performed strongly, particularly in China and Germany, with notable gains in the ChiNext Index, Hang Seng Tech Index, and DAX Index [1][10][20]. - The A-share market has entered a technical bull market, while Hong Kong stocks have consistently outperformed [1][10][23]. - In the bond market, U.S. Treasuries have shown strength, while Chinese bonds have exhibited a mixed performance, with long-term bonds declining and short-term bonds rising [1][36][39]. - The U.S. dollar has depreciated significantly, while the Chinese yuan has remained stable, with gold prices continuing to rise, reaching historical highs [1][10][54]. Economic Outlook - The global economic environment remains uncertain despite a loose monetary and fiscal policy backdrop. The Federal Reserve is expected to lower interest rates twice in Q4, while concerns about "stagflation" are rising due to the U.S. government's fiscal challenges [1][12][44]. - China's economy grew by 5.2% in the first three quarters, but the momentum from the "three drivers" is expected to slow down in Q4, although policy support remains strong [1][12][44]. Asset Class Perspectives - The report indicates a clear asset allocation strategy, favoring Chinese stocks (both A-shares and Hong Kong stocks), gold, and U.S. Treasuries, while suggesting a lower allocation to oil [2][36][57]. - The report highlights the importance of diversifying investments to mitigate risks associated with high valuations in popular assets, particularly in the AI sector [2][12][57]. Investment Recommendations - Q4 is identified as a window for increasing positions in high-dividend sectors and emerging technologies such as AI and robotics, while cautioning against zero allocation to Chinese equities and gold [2][12][57]. - The report suggests that investors with higher risk tolerance can increase their equity exposure to as much as 68% [2][12][57].

Core Insights - The report by the Bank of China outlines the global asset allocation strategy for personal finance in Q4 2025, focusing on economic and financial trends both domestically and internationally [1] Review Section - In Q3, the phenomenon of "cold economy, hot assets" persisted, with global equity markets benefiting from liquidity during the interest rate cut cycle and the evolution of AI narratives. The US tariff policy has become less impactful, leading to a bullish trend in the Chinese A-shares and Hong Kong stocks [2] - The global economic momentum remains weak, with a divergence in the US and China bond markets, where US bonds are performing better while Chinese bonds are weaker. The US dollar is experiencing weakness, while the Renminbi shows resilience and a steady increase. Gold has been on a significant upward trend, reaching historical highs, while commodity performance is mixed, with copper and aluminum strong and oil weak [2] Economic Outlook Section - In Q4, the global economy will continue to face uncertainties despite a loose monetary and fiscal environment. The Federal Reserve may continue to cut interest rates amid challenges related to employment and inflation, while the fiscal issues behind the US government shutdown raise concerns about stagflation. The European Central Bank is nearing the end of its rate cuts, with debt pressures in major economies acting as a barrier to growth [3] - China's economy achieved a cumulative year-on-year growth rate of 5.2% in the first three quarters, but the three main drivers of growth are under pressure. Policies will focus on implementation and detail, with the potential for support in response to unexpected events. Over the longer term, the "14th Five-Year Plan" will emphasize high-quality development, focusing on themes such as technological innovation, domestic demand, and investment in human capital [3] Major Asset Analysis Section - In Q4, both the US and China may experience synchronized liquidity easing. There are early signs of bubble formation in US AI capital investments, which should be approached with caution. A bullish atmosphere has formed in the Chinese equity market, entering a critical phase of a slow bull market, while Hong Kong stocks are expected to continue a volatile upward trend [4] - In the bond market, the upward trend in US bonds is likely to continue, while domestic easing policies support a bullish tail in the bond market, although the bond market remains weak due to the stock-bond seesaw effect. In foreign exchange, the US dollar is expected to remain weak, with fluctuations in non-US currencies, while the Renminbi may continue to rise steadily. Gold is in a major upward trend but may enter a consolidation phase after reaching a peak, and the commodity market is expected to maintain its mixed performance [4] Opportunities and Risks Section - In Q4, the market presents both opportunities and risks. Opportunities include the potential for a "long bull slow bull" in the Chinese stock market, making it a good time for "buying the dip" and "winter sowing" strategies, particularly in high-dividend sectors and mainstream strong sectors during pullbacks [5] - Risks include the recommendation against zero allocation in Chinese equity assets and gold, which could lead to missing historical strategic asset allocation opportunities and a lack of long-term growth momentum. Additionally, there is a short-term risk of chasing high-priced assets or sectors, particularly in gold and leading indices in A-shares and US stocks, which may affect investor confidence [5] Global Asset Allocation Strategy Overview - The report provides a detailed table of global asset allocation strategies, indicating varying degrees of allocation recommendations across different asset classes, including equities, bonds, commodities, and foreign exchange [6][7]

人民网伦敦10月20日电（徐量）中国银行于20号在伦敦举办"人民币国际化路演（伦敦站）"活动,吸引了来自中国人民银行、英国政府机构、伦敦金融 城、国际金融同业、跨国企业及智库代表等近百位嘉宾出席，共同探讨人民币国际化进程与跨境金融合作新机遇。 中国银行伦敦分行行长方文建致欢迎辞。主办方供图 本次活动是中国银行2025年人民币国际化全球系列推广活动的重要一站，旨在进一步推动人民币在跨境贸易与国际投融资中的使用，深化中英及欧洲地 区金融合作。活动现场，与会代表围绕人民币在跨境支付清算、贸易结算、投融资服务、外汇交易与风险管理、债券融资等领域的应用展开深入交流，并分 享人民币市场发展趋势、金融基础设施合作与产品创新最新进展。 与会嘉宾围绕人民币国际化进程与跨境金融合作展开热烈讨论。主办方供图 活动当天还举行了"人民币产品与项目奖"颁奖仪式，对在跨境人民币业务创新、服务推广及市场培育方面表现突出的八家合作机构给予表彰，进一步凝 聚市场合力，推动构建开放协同的人民币生态圈。 据了解，作为中国现代金融业在国际金融中心设立的第一家分支机构，中国银行伦敦分行自2011年在伦敦启动建设离岸人民币市场以来，稳步推进人民 币相关业 ...

新华财经伊斯坦布尔10月21日电（记者许万虎）中国银行（土耳其）股份有限公司安卡拉分行20日开启 试营业。这是土耳其中行在该国设立的首家二级机构，标志着中土两国金融合作迈上新台阶。 具有国际竞争力的金融机构是金融强国建设战略不可或缺的关键要素，更是支撑金融体系稳健运行、推 动经济高质量发展的重要力量。 中国银行作为我国金融业国际化布局的关键支柱，近年来，在集团全球化发展进程中，积极践行国家战 略，其下的土耳其中国银行在动荡的新兴市场环境中稳健运营，展现出国有金融机构在"稳"与"进"方面 的积极探索。 国家战略的金融支点：全球化布局中的土耳其落子 土耳其作为连接欧亚的关键节点，其"中间走廊"计划与中国"一带一路"倡议高度契合，成为中资金融机 构重点布局的新兴市场。中国银行的海外拓展既是其自身发展的战略需要，也是服务"一带一路"倡议与 人民币国际化战略的关键环节。 中国银行有关负责人介绍，2018年，中国银行在伊斯坦布尔设立土耳其中国银行，初步构建起本土化服 务平台。随着安卡拉分行试营业，中行在土耳其形成"伊斯坦布尔+安卡拉"的双核心布局，进一步提升 了在土耳其的金融服务覆盖面，将有效助力两国在基础设施建设、工业 ...

Core Viewpoint - Bank of China established its first overseas branch in Luxembourg in 1979, marking a significant achievement of China's reform and opening-up policy [1] Group 1: Historical Development - In 1991, Bank of China obtained its first subsidiary license in Europe, leading to the establishment of Bank of China (Luxembourg) Limited [1] - In 2022, the bank was renamed Bank of China (Europe) Limited, becoming the European regional headquarters and an important support for global development [1] Group 2: Services and Future Outlook - Bank of China (Europe) is committed to providing high-quality financial services such as project financing, syndicate loans, trade financing, bond underwriting, and fund management for Chinese and European corporate clients [1] - The bank plans to enhance its comprehensive platform to offer more diversified and comprehensive financial services to overseas clients [1] - The focus will be on commercial banking, with cross-border services as the engine, and new business expansion directions including light capital operations in financial markets, financial institutions, custody, bond underwriting, and asset management [1]