三、中国工商银行应督促上述核准任职资格人员持续学习和掌握经济金融相关法律法规，牢固树立风险 合规意识，熟悉任职岗位职责，忠实勤勉履职。 二、中国工商银行应要求上述核准任职资格人员严格遵守金融监管总局有关监管规定，自中国工商银行 政许可决定作出之日起3个月内到任，并按要求及时报告到任情况。未在上述规定期限内到任的，本批 复文件失效，由决定机关办理行政许可注销手续。 2025年10月27日，陕西金融监管局发布批复称，《中国工商银行陕西省分行关于王英军中国工商银行西 安分行副行长任职资格核准的请示》（工银陕报〔2025〕186号）及相关说明解释材料收悉。经审核， 现批复如下： 一、核准王英军中国工商银行西安分行副行长的任职资格。 ...

北京商报讯（记者 宋亦桐）11月3日，工商银行发布公告指出，根据该行风险管理要求，自2025年11月 3日起，该行暂停受理如意金积存业务的开户、主动积存、新增定期积存计划以及提取实物的申请，存 量客户处于有效期内的定期积存计划的执行以及办理赎回、销户不受影响。 ...

【工商银行：暂停受理如意金积存业务的开户、主动积存、新增定期积存计划以及提取实物的申请】智 通财经11月3日电，工商银行今日发布公告，受宏观政策影响，根据我行风险管理要求，自2025年11月3 日起，我行暂停受理如意金积存业务的开户、主动积存、新增定期积存计划以及提取实物的申请，存量 客户处于有效期内的定期积存计划的执行以及办理赎回、销户不受影响。相关业务恢复事宜，请关注我 行后续公告。 转自：智通财经 ...

工商银行今日发布公告，受宏观政策影响，根据相关风险管理要求，自2025年11月3日起，工行暂停受 理如意金积存业务的开户、主动积存、新增定期积存计划以及提取实物的申请，存量客户处于有效期内 的定期积存计划的执行以及办理赎回、销户不受影响。相关业务恢复事宜，请关注后续公告。 ...

Core Insights - The company achieved positive growth in both revenue and profit for the first three quarters of 2025, with operating income reaching 640 billion yuan, a year-on-year increase of 2.2%, and net profit attributable to shareholders at 269.9 billion yuan, up 0.3% [1][2] Financial Performance - Revenue and profit growth: Operating income for the first three quarters was 640 billion yuan, with a growth rate recovery of 0.6 percentage points compared to the first half of the year [1] - Net profit: The net profit attributable to shareholders was 269.9 billion yuan, with a decline in the rate of decrease by 1.76 percentage points compared to the first half of the year [1] - Annualized ROE: The annualized weighted average ROE was 9.3%, down 0.5 percentage points year-on-year [1] Asset Growth - Total assets: By the end of the third quarter, total assets grew by 9.2% year-on-year to 52.8 trillion yuan, with an 8.2% increase since the beginning of the year [1] - Deposits and loans: Deposits increased by 7.1% to 37.3 trillion yuan, while total loans rose by 7.3% to 30.5 trillion yuan [1] - Loan structure: Corporate general loans grew by 8.0%, retail loans by 1.6%, and bill discounting by 28.2% year-on-year [1] - Capital adequacy: The core Tier 1 capital adequacy ratio was 13.57%, down 0.53 percentage points from the beginning of the year [1] Interest Margin - Net interest margin: The average net interest margin for the first three quarters was 1.28%, a decrease of 15 basis points year-on-year, with a further decline of 3 basis points in the third quarter compared to the second quarter [1] - Impact on net interest income: The decline in net interest margin led to a 0.7% year-on-year decrease in net interest income, which was a major drag on performance [1] Non-Interest Income - Fee income: Net fee income grew by 0.6% year-on-year, indicating stabilization after years of decline [2] - Other non-interest income: Other non-interest income surged by 27.6%, primarily driven by significant growth in investment income, particularly from bond investments [2] Asset Quality - Asset quality indicators: The non-performing loan ratio was 1.33%, down 0.01 percentage points from the beginning of the year, remaining stable compared to the second quarter [2] - Provision coverage: The provision coverage ratio was 217%, up 2 percentage points year-on-year, but down 1 percentage point from the second quarter [2] Investment Outlook - Profit forecasts: The company maintains its profit forecasts, expecting net profits of 360.8 billion, 365.8 billion, and 384.1 billion yuan for 2025-2027, with year-on-year growth rates of -1.4%, 1.4%, and 5.0% respectively [2] - Valuation metrics: The current stock price corresponds to a PE ratio of 8.1, 8.0, and 7.6 times, and a PB ratio of 0.72, 0.68, and 0.64 times for the respective years [2]

Investment Rating - The report maintains a "Strong Buy" rating for the company [3][5]. Core Insights - The company has shown a recovery in profit growth, with a year-on-year increase in operating income, pre-provision operating profit (PPOP), and net profit attributable to shareholders of 2.17%, 1.84%, and 0.33% respectively for the first three quarters of 2025, indicating a positive trend compared to the first half of 2025 [1][2]. - Loan growth remains stable at 8.39% year-on-year, while deposits increased by 7.85%, reflecting a consistent performance in the lending and deposit segments [2]. - The net interest margin (NIM) has decreased to 1.28%, but the rate of decline is slowing, suggesting improved efficiency in managing interest income and expenses [2]. - Non-interest income has rebounded, with a 0.6% growth in fee income, marking the first positive growth since the beginning of 2023, likely linked to a recovery in the capital markets [2]. - Asset quality remains stable, with a non-performing loan (NPL) ratio of 1.33% and a provision coverage ratio of 217.21%, indicating a strong risk management framework [2]. Summary by Sections Performance Metrics - For the first three quarters of 2025, the company reported a total operating income of 843,805 million, with a year-on-year growth of 2.7% [4]. - The net profit attributable to shareholders is projected to reach 375,129 million in 2025, reflecting a 2.5% increase compared to the previous year [4]. Non-Interest Income - Non-interest income has shown a significant recovery, with a year-on-year growth of 11.30% in the first three quarters of 2025, driven by strong performance in other non-interest income categories [13][28]. Interest Margin and Asset Quality - The net interest margin has decreased slightly but at a decelerating rate, indicating improved management of interest-bearing assets and liabilities [2][3]. - The company maintains a stable asset quality with a non-performing loan ratio of 1.33% and a provision coverage ratio of 217.21%, reflecting effective risk management practices [2][3]. Capital and Shareholder Information - The core Tier 1 capital adequacy ratio stands at 13.57%, slightly down from the previous quarter, but still among the highest in the domestic banking sector [3]. - The company has a strong shareholder base, with China Life Insurance becoming one of the top ten shareholders, indicating confidence in the bank's investment value [2].

人民财讯10月31日电，10月29日，全球系统重要性金融机构会议在京召开。本次会议的主题是"人工智 能时代金融生态变革"。中国工商银行行长刘珺出席并参加圆桌讨论。刘珺表示，新一轮科技革命带给 金融的不仅是范式变化或结构调整，而将是一场再造和重塑。对金融机构，尤其是全球系统重要性金融 机构而言，应该就未来金融发展一些重大、根本性的命题进行探索，创新AI时代的金融服务模式，推 动管理理念、业务模式、价值曲线等全方位适应性再造，形成面向复杂问题的综合解决方案。要完善数 据治理，实现数据价值和数据权属的平衡，建立基于数据价值评估的动态定价体系。构建实体金融与虚 拟金融监管的一致性安排，取齐各自的监管上限、底线和约束条件。探索人工智能与人类智能和谐共生 的治理机制，确保技术创新始终服务于人类社会的共同利益与长远发展。 转自：证券时报 ...

Investment Rating - The investment rating for the company is "Accumulate" with a 6-month outlook [6] Core Insights - The company reported a revenue of approximately 640.03 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 2.17% and an increase of 0.6 percentage points compared to the first half of 2025 [1] - The net profit attributable to shareholders for the same period was 269.91 billion yuan, showing a slight year-on-year increase of 0.33% [1] - The net interest margin (NIM) for the first three quarters of 2025 was recorded at 1.28%, down by 2 basis points from the first half of 2025 [1] Revenue and Profitability - The company's net interest income was 473.42 billion yuan, accounting for 73.97% of total revenue, with a year-on-year decrease of 0.7% [1] - Non-interest income reached 166.61 billion yuan, marking an increase of 11.30% year-on-year [1][2] - The pre-provision profit growth rates for the first half and first three quarters of 2025 were 1.43% and 1.84%, respectively [1] Asset and Liability Structure - As of the end of the third quarter of 2025, the total interest-earning assets amounted to 51.41 trillion yuan, reflecting a year-on-year growth of 9.64% [2] - The total interest-bearing liabilities were 48.12 trillion yuan, with a year-on-year increase of 11.58% [2] - The loan-to-asset ratio increased slightly by 0.07 percentage points compared to the middle of 2025 [2] Asset Quality - The non-performing loan (NPL) ratio stood at 1.33%, remaining stable compared to the previous quarter [3] - The loan provision coverage ratio was 217.2%, showing a slight decrease of 0.50 percentage points [3] Profit Forecast and Valuation - The company is expected to see a net profit growth of -0.20%, +2.00%, and +3.49% for the years 2025 to 2027 [4] - The book value per share (BPS) is projected to be 11.38, 12.60, and 14.20 yuan for the years 2025, 2026, and 2027, respectively [4]

工商银行（601398）(01398)发布公告，根据有关规定，国家金融监督管理总局已核准段红涛先生担任 该行执行董事的任职资格。段红涛先生担任该行执行董事的任职已生效。 ...

Core Insights - The Industrial and Commercial Bank of China (ICBC) reported a net profit of 271.88 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 0.52% [1] - The bank's total assets reached 52.81 trillion yuan, an increase of 3.99 trillion yuan or 8.18% compared to the end of the previous year [1][2] Financial Performance - Net profit attributable to shareholders was 269.91 billion yuan, with a year-on-year increase of 0.33% [1] - Operating income for the first three quarters was 610.97 billion yuan, up 1.98% year-on-year [1] - Net interest income decreased by 0.70% to 473.42 billion yuan, with an annualized net interest margin of 1.28%, down 15 basis points [1] - Non-interest income grew by 12.40% to 137.55 billion yuan, with fee and commission income increasing by 0.60% to 90.87 billion yuan [1] Asset and Loan Growth - Total customer loans and advances (excluding accrued interest) amounted to 30.45 trillion yuan, an increase of 2.08 trillion yuan or 7.33% [1] - Domestic branch RMB loans rose by 2.04 trillion yuan, reflecting a growth of 7.65% [1] - Investment increased by 2.31 trillion yuan to 16.47 trillion yuan, marking a growth of 16.33% [1] Liability and Deposit Structure - Total liabilities reached 48.62 trillion yuan, up 3.79 trillion yuan or 8.44% from the end of the previous year [2] - Customer deposits increased by 2.47 trillion yuan to 37.31 trillion yuan, a growth of 7.09% [2] - The structure of deposits included 22.50 trillion yuan in time deposits and 14.05 trillion yuan in demand deposits [2] Asset Quality and Capital Adequacy - Non-performing loan (NPL) balance stood at 404.84 billion yuan, an increase of 25.38 billion yuan, with an NPL ratio of 1.33%, down 0.01 percentage points [2] - Provision coverage ratio improved to 217.21%, up 2.30 percentage points [2] - Core Tier 1 capital adequacy ratio was 13.57%, Tier 1 capital adequacy ratio was 14.80%, and total capital adequacy ratio was 18.85%, all meeting regulatory requirements [2]