Core Viewpoint - Bank of Communications has received regulatory approval to issue a total of RMB 30 billion in bonds to enhance its total loss-absorbing capacity [1] Group 1: Bond Issuance Details - The bond issuance consists of two types: a fixed-rate bond with a scale of RMB 26 billion and a floating-rate bond with a scale of RMB 4 billion [1] - The fixed-rate bond has a maturity of 4 years with a coupon rate of 1.93% and includes a conditional redemption option at the end of the third year [1] - The floating-rate bond also has a maturity of 4 years, with an initial coupon rate of 1.94% and a fixed spread of 0.46%, along with a conditional redemption option at the end of the third year [1] Group 2: Use of Proceeds - The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss-absorbing capacity in accordance with applicable laws and regulatory approvals [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 交通銀行股份有限公司 何兆斌 公司秘書 中國上海 2025年11月14日 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03328） 自願性公告 2025年第三期總損失吸收能力非資本債券（債券通）發行完畢 經相關監管機構批准，交通銀行股份有限公司（「本行」）在全國銀行間債券市場發 行「交通銀行股份有限公司2025年第三期總損失吸收能力非資本債券（債券通）」 （「本期債券」），並於2025年11月14日發行完畢。 本期債券發行總規模為人民幣300億元，分為兩個品種，其中品種一為4年期固定 利率債券，發行規模為260億元，票面利率為1.93%，在第3年末附有條件的發行 人贖回權；品種二為4年期浮動利率債券，發行規模為40億元，首個利率重置期 票面利率為1.94%，固定利差0.46%，在第3年末附有條件的發行人贖回權。 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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就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 ...

Core Points - The announcement details the partnership between Guolianan Fund Management Co., Ltd. and Bank of Communications, effective from November 14, 2025, allowing the bank to sell the Guolianan Double Monthly Enjoy 60-Day Holding Period Pure Bond Fund [1][25]. Group 1: Business Scope - Investors can perform subscription, redemption, conversion, and regular investment for the Guolianan Double Monthly Enjoy 60-Day Holding Period Pure Bond Fund at Bank of Communications branches [1]. Group 2: Regular Investment Rules - Regular investment allows investors to set a fixed amount for automatic deductions from their designated accounts on specified dates, without affecting daily subscription and redemption activities [1][2]. Group 3: Application Process - Investors must open an open-end fund account with Guolianan Fund Management to apply for regular investment, and those already holding an account need to visit Bank of Communications to apply for a trading account [5][6]. Group 4: Deduction and Fee Structure - The minimum monthly deduction for regular investment is set at 1 RMB, and the applicable subscription fee rates are as per the fund's prospectus [7][8]. Group 5: Conversion Rules - Fund conversion allows investors to switch between funds managed by the same fund manager, with specific rules regarding fees and calculations for conversion [12][13]. Group 6: Important Contacts - Investors can contact Bank of Communications or Guolianan Fund Management for further details regarding the fund and its services [24].

Core Insights - The conference held on November 8 in Shanghai focused on the integration of pension finance and the silver economy, aiming to enhance the quality of China's pension services through financial support [1][3] Group 1: Conference Overview - The event was co-hosted by the Bank of Communications, the Ministry of Civil Affairs, the Shanghai Pudong New Area Government, and the China Aging Industry Association, emphasizing the theme "New Era of Elderly Care: Collaborative Development of Industry and Finance" [1] - Key discussions included addressing population aging, upgrading the pension industry, and innovating financial services, with a consensus on the development framework of "Policy Guidance - Financial Empowerment - Industry Upgrade" [3] Group 2: Financial Innovations by Bank of Communications - The Bank of Communications introduced the "Jiaoyin Pension" brand and launched the comprehensive service management system for pension funds and the "Pension e-Loan" product, aiming to provide specialized financial solutions for an aging society [4] - The "Jiaoyin Pension" brand is built on the core values of "Stability, Assurance, Warmth, Happiness," establishing a reliable service system through professional financial management and risk control [4] Group 3: Addressing Regulatory Challenges - The "Jiaoyin Pension Fund Comprehensive Service Management System" was developed to enhance the regulation of prepayment fees in pension institutions, ensuring safety, transparency, and efficiency in fund management [5] - The "Pension e-Loan" product addresses financing challenges faced by pension institutions, utilizing a "government-bank cooperation" model to create a specialized risk assessment framework for loan processing [5] Group 4: Strategic Collaborations - Two significant strategic cooperation agreements were signed during the conference, marking a new phase in the collaboration between government and financial institutions to promote the development of the pension industry [6] - The Bank of Communications and the Ministry of Civil Affairs signed an agreement to leverage their respective strengths in policy, resources, and services to enhance financial support for the pension sector [6] - A partnership was also established between the Bank of Communications and the Pudong New Area Government to jointly advance the high-quality development of the pension industry and the silver economy [6]

Core Viewpoint - The Bank of Communications Shenzhen Branch is actively promoting legal education and compliance through innovative initiatives, focusing on the implementation of the Civil Code and enhancing the legal environment for business operations [1][2][4]. Group 1: Legal Education Initiatives - The bank is implementing a special action plan to integrate the Civil Code into enterprises, parks, and factories, providing accessible legal guidance through knowledge handbooks and interactive sessions [2]. - A series of videos and themed comics have been created to broaden the outreach of the Civil Code, emphasizing its principles such as equality, voluntariness, fairness, and integrity [3]. Group 2: Employee Training and Development - The bank places significant importance on the legal education of its employees, organizing lectures by renowned professors and ensuring that legal concepts are deeply understood and integrated into daily operations [4]. - Future plans include continuous innovation in legal education methods and expanding outreach to support high-quality economic and social development [4].

Core Insights - The conference held on November 8 in Shanghai focused on the integration of pension finance and the silver economy, aiming to enhance the quality of China's pension services through financial support [1][2] Group 1: Key Themes and Discussions - The event gathered government, banking, enterprise, and academic representatives to discuss aging population responses, pension industry upgrades, and financial service innovations, fostering a consensus on "policy guidance - financial empowerment - industry upgrading" [2] - Traffic Bank's president emphasized the bank's commitment to exploring new service models for the pension industry, including innovative financial products, ecosystem construction, and enhanced fund supervision [2] Group 2: Financial Innovations and Solutions - Traffic Bank introduced the "Jiaoyin Pension" brand and launched the comprehensive service management system and "Pension e-loan" product, aiming to provide specialized financial solutions for the aging society [3] - The "Jiaoyin Pension Comprehensive Service Management System" addresses the regulatory challenges of prepayment in pension institutions, ensuring safety, transparency, and efficiency in fund management [4] - The "Pension e-loan" product was developed to tackle financing issues faced by pension service providers, utilizing a government rating and subsidy model for risk assessment [4] Group 3: Strategic Collaborations - Two significant strategic cooperation agreements were signed to enhance the collaboration between government and financial institutions in promoting the pension industry [5] - Traffic Bank and the Ministry of Civil Affairs signed a cooperation agreement to leverage their respective strengths in policy, resources, and services to improve financial service accessibility for the elderly [5] - A strategic cooperation agreement was also signed between Traffic Bank and the Pudong New Area government to jointly promote high-quality development in the pension sector and silver economy [6]

Group 1 - The core point of the article is that the Ministry of Finance has increased its shareholding in Bank of Communications to 35.02%, becoming the controlling shareholder after the completion of the acquisition process [2][3]. - As of November 11, 2025, Bank of Communications' stock closed at 7.39 yuan, with a slight increase of 0.27% and a trading volume of 1.14 million hands, resulting in a total transaction amount of 842 million yuan [1]. - The net inflow of main funds on November 11 was 59.92 million yuan, accounting for 7.12% of the total transaction amount, while retail investors experienced a net outflow of 35.05 million yuan, representing 4.16% of the total transaction amount [2][3]. Group 2 - The acquisition process has been disclosed, and the share registration has been completed, although the business registration change is still pending [2]. - The Ministry of Finance has committed to not transferring the acquired shares for five years and has not violated any commitments or harmed the interests of the listed company during the supervision period [2].

Core Viewpoint - The article highlights the achievements of the Bank of Communications Sichuan Branch in supporting local economic development, emphasizing its strategic commitment and innovative financial services that contribute to high-quality regional growth [1][3]. Group 1: Financial Support and Achievements - The Sichuan Branch has provided over 20 billion yuan in new loans to support the real economy since 2025, ranking among the top in the system [1]. - The branch signed a strategic cooperation agreement with the Sichuan provincial government, committing to provide 800 billion yuan in special credit support during the 14th Five-Year Plan period [4]. - As of September, the branch has engaged with 14,000 enterprises, with a total credit amount exceeding 50 billion yuan, including nearly 400 first-time loan recipients [5]. Group 2: Sector-Specific Financial Initiatives - The branch has established specialized teams for technology finance, inclusive finance, and green finance, resulting in a 14.9% increase in technology finance loans and serving over 4,500 technology enterprises [6]. - Green finance loans have increased by 19.3%, with significant projects funded, including major green initiatives in the solar industry [7]. - Inclusive finance loans have also seen a 17.9% increase, serving over 14,000 clients [7]. Group 3: Digital and Innovative Financial Solutions - The branch has integrated digital operations into its management, launching various online agricultural loans that have driven strong growth in online business [8]. - It has developed tailored financial solutions for the cultural and tourism sectors, supporting key projects and enhancing consumer spending [11]. Group 4: Strategic Vision and Future Plans - The branch aims to align its development with regional economic strategies, focusing on a credit resource allocation system that supports the real economy, small and micro enterprises, and rural revitalization [10]. - Future plans include innovative financial service models and a commitment to contribute significantly to the modernization of Sichuan [12].

Core Viewpoint - The recent personnel adjustments at Bank of Communications involve several key appointments and changes in leadership across various branches, indicating a strategic focus on enhancing management and operational efficiency within the organization [1][2][3]. Personnel Changes - Tang Shuo has been officially appointed as the Director of Corporate and Institutional Business, having previously served as the President of the Beijing Branch [1]. - Qiao Hongjun, former President of the Anhui Branch, has been appointed as the General Manager of the Financial Institutions Department at the headquarters [1]. - Xie Jinhai has taken over as the President of the Anhui Branch, previously serving as the President of the Jiangxi Branch [1]. - Yue Mengxi, former Deputy General Manager of the Corporate and Institutional Business Department, is now the Party Secretary of the Wuxi Branch and a member of the Jiangsu Provincial Party Committee [1]. Financial Performance - As of September 30, 2025, the total assets of Bank of Communications reached 15.50 trillion yuan, reflecting a year-on-year growth of 4.02% [5]. - The bank reported operating income of 199.645 billion yuan for the first three quarters of 2025, a year-on-year increase of 1.80% [5]. - The net profit attributable to shareholders for the same period was 69.994 billion yuan, up by 1.90% year-on-year [5]. Asset Quality - As of September 30, 2025, the non-performing loan balance stood at 114.551 billion yuan, an increase of 2.57% from the end of the previous year, with a non-performing loan ratio of 1.26%, down by 0.05 percentage points [5]. - The provision coverage ratio improved to 209.97%, an increase of 8.03 percentage points from the end of the previous year [5]. - The bank is facing challenges with rising retail loan non-performing rates, particularly in credit cards, which reached 2.91%, an increase of 0.57 percentage points year-on-year [5]. Future Strategy - The bank plans to strengthen control over retail loans, focusing on new customer entry criteria to enhance asset quality from the outset [6]. - There will be a precise analysis of evolving trends and risk factors, with attention to key regional risk conditions [6].

Core Viewpoint - The China International Import Expo showcased the Bank of Communications' innovative achievements in the cultural and tourism finance sector, emphasizing its role in supporting the development of the cultural tourism industry and enhancing consumer experiences [1][3]. Group 1: Bank Initiatives - The Bank of Communications has established a dedicated service team and launched support programs to promote the "Cultural Tourism Drama" brand, collaborating with various regions to enhance cultural tourism [1]. - The bank aims to deepen its engagement with the cultural tourism industry's funding needs and increase its "beneficial, convenient, and advantageous" services, contributing to the construction of a strong tourism nation [1][3]. Group 2: Industry Development - The Ministry of Culture and Tourism highlighted the critical role of financial empowerment in the cultural tourism industry, advocating for a collaborative ecosystem that integrates culture, technology, and finance [3]. - The "Cultural Tourism Drama Ningxia Station" initiative, launched on August 1, focuses on supporting key cultural tourism projects in Ningxia, creating a "finance + cultural tourism" integrated ecosystem [3]. Group 3: Promotional Activities - During the expo, the bank introduced the "Cultural Tourism Drama" dual-city event, featuring a promotional video showcasing the cultural heritage of Quanzhou and the unique charm of Wuzhong [5]. - The bank has launched various cultural tourism routes and discount activities available through its mobile banking app, enhancing consumer access to financial benefits and travel experiences [5].