CM BANK(SH:600036) Huan Qiu Wang·2025-11-17 07:23Group 1 - Financial investment is increasingly becoming a key driver for the expansion of bank balance sheets, but it also significantly disturbs performance [1] - In the first three quarters of this year, the net investment income of 42 A-share listed banks totaled 477 billion yuan, a year-on-year increase of 20.71%, but the growth rate has slowed compared to 23.89% in the same period last year [1] - The net income from fair value changes for listed banks has turned negative, dropping from 59.52 billion yuan in the same period last year to -25.04 billion yuan, with 31 banks reporting negative figures [1] Group 2 - Several banks are actively adjusting their investment strategies to cope with market challenges, with some indicating that the central bank's resumption of government bond trading will benefit overall bond investment returns [3] - Institutions believe that negative factors in the bond market are gradually clearing, with some analysts expressing a bullish outlook on the bond market [3] - However, some banks may have strong incentives to sell bonds in the fourth quarter to meet annual performance targets, which could exert pressure on the market [3]