3 6 Ke·2026-02-02 07:23Core Viewpoint - The commercial aerospace sector is experiencing a surge in interest and investment, particularly from banks, driven by supportive policies and the potential for innovative applications of satellite technology in financial services [1][2][22]. Group 1: Policy and Industry Trends - Beijing has issued measures to promote the development and utilization of commercial satellite remote sensing data from 2026 to 2030, encouraging companies to build differentiated satellite constellations with clear commercial value and application prospects [1]. - Various industries, including traditional banking, are actively engaging in the commercial aerospace sector, with banks launching their own satellites [2][3]. Group 2: Bank Initiatives in Satellite Launches - On January 16, 2024, China Merchants Bank's "Zhaoyin Jinkui" and Shanghai Pudong Development Bank's "Pudong Digital" satellites were successfully launched [4]. - Both satellites are part of China's first global low-orbit satellite IoT constellation, "Tianqi Constellation" [5]. - The "Zhaoyin Jinkui" satellite is designed for high-precision monitoring of construction progress for first-hand mortgage properties, while the "Pudong Digital" satellite aims to enhance smart risk control and provide critical financial services during natural disasters [8]. Group 3: Evolution of Risk Control - The trend of banks launching satellites signifies a shift from traditional ground-based data reliance to a "heaven and earth collaboration" model for risk control [11][22]. - Satellite technology addresses the core pain point of information asymmetry in traditional risk management, providing banks with stable and objective data [13][14]. - For instance, the "Zhaoyin Jinkui" satellite can improve construction monitoring accuracy to over 95%, significantly enhancing post-loan inspection efficiency [14]. Group 4: Future Implications and Opportunities - The integration of satellite technology into banking operations not only enhances risk management but also opens new avenues for financing in the commercial aerospace sector, which has been traditionally challenging due to high barriers and lack of collateral [19][20]. - Banks' active participation in satellite launches may lead to deeper due diligence and value discovery in the commercial aerospace industry [20][21]. - The collective move of banks into the aerospace sector represents a critical leap in enhancing their core competitiveness and addressing inclusive finance challenges [22][23].