宁波银行股份有限公司董事会 2025年9月17日 1 经宁波金融监管局和中国人民银行批准，宁波银行股份有限公 司（以下简称"公司"）于近日在全国银行间债券市场发行了"宁 波银行股份有限公司2025年第一期无固定期限资本债券"（以下简 称"本期债券"）。 本期债券发行规模为人民币100亿元，前5年票面利率为2.30%， 每5年调整一次，在第5年及之后的每个付息日附发行人有条件赎回 权。 本期债券募集资金将依据适用法律和主管部门的批准，用于补 充公司其他一级资本。 特此公告。 证券代码：002142 证券简称：宁波银行 公告编号：2025-031 优先股代码：140001、140007 优先股简称：宁行优01、宁行优02 宁波银行股份有限公司关于 2025 年 第一期无固定期限资本债券发行完毕的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 ...

Core Viewpoint - International gold prices have reached new historical highs, driven by multiple factors including economic conditions and geopolitical uncertainties [1][5]. Group 1: International Gold Prices - As of September 16, the spot gold price reached $3,694.87, with an intraday high of $3,697.07, marking a record high [1]. - The cumulative increase in international spot gold prices this year has exceeded 40% [5]. Group 2: Domestic Gold Prices - Domestic gold jewelry prices have surged, with brands like Chow Sang Sang and Lao Miao reaching their highest prices of the year. On September 16, Chow Sang Sang's gold price was 1,091 yuan per gram, up 17 yuan from the previous day [3]. - Other brands such as Lao Miao and Chow Tai Fook also saw price increases, with Lao Miao at 1,087 yuan per gram, up 13 yuan [3][4]. Group 3: Market Influences - Factors contributing to the rise in gold prices include expectations of interest rate cuts by the Federal Reserve, a weakening dollar, increased gold purchases by global central banks, and heightened geopolitical uncertainties [5]. - Recent data indicating a weak U.S. job market, particularly a non-farm payroll increase of only 22,000, significantly below the expected 75,000, has reinforced the outlook for interest rate cuts [5]. Group 4: Institutional Responses - Major banks in China, including Bank of China and Agricultural Bank of China, have adjusted their precious metals business, increasing investment thresholds and modifying margin requirements due to heightened market volatility [7]. - These adjustments reflect financial institutions' proactive risk management strategies aimed at protecting investors and preventing speculative trading [7]. Group 5: Future Outlook - Goldman Sachs' commodity team predicts that gold could reach $4,000 per ounce within the next 12 months, driven by a long-term trend of diversification among global investors [5]. - The future trajectory of gold prices will largely depend on the Federal Reserve's policy direction and global risk events, with historical trends indicating that rate-cutting cycles tend to enhance gold's appeal [7].

每经AI快讯，银行股午后震荡走弱，宁波银行跌近2%，农业银行、浦发银行、中信银行等跌超1%。 （文章来源：每日经济新闻） ...

银行股午后震荡走弱，宁波银行跌近2%，农业银行、浦发银行、中信银行等跌超1%。 ...

| 石油石化 | | | | 通源石油 | | | --- | --- | --- | --- | --- | --- | | 国防军工 | -0.89 | 300.71 | -0.78 | 中国船舶 | -3.58 | | 农林牧渔 | -2.10 | 170.69 | -6.42 | 天域生物 | -9.32 | | 有色金属 | -2.36 | 939.67 | 9.35 | 豫光金铅 | -6.27 | （文章来源：证券时报网） 今日各行业表现（截至上午收盘） | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上日（%） | 领涨（跌）股 | 涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 电子 | 1.16 | 2691.95 | -10.22 | 普冉股份 | 20.00 | | 机械设备 | 1.09 | 1237.51 | 15.02 | 汉威科技 | 20.00 | | 汽车 | 1.04 | 941.20 | 1.67 | 安徽凤凰 | 17.23 | | 综合 | 0.98 | 27.31 | -31.27 | 东阳光 | 2. ...

Group 1 - The core viewpoint of the articles highlights the significant rise in gold prices, with London spot gold surpassing $3,680 per ounce and COMEX futures reaching $3,728, indicating a profound transformation in gold's role within the global monetary system [1][3] - The surge in gold prices is driven by a combination of factors including deepening cracks in dollar credit, a collective move by global central banks towards "de-dollarization," and new forms of international competition [1][3] - The U.S. debt has exceeded $34 trillion, raising concerns about long-term dollar depreciation, while states like Arkansas are recognizing gold and silver as legal tender, reflecting internal skepticism towards the current monetary system [3][4] Group 2 - Central banks have purchased over 1,000 tons of gold for three consecutive years, with 2024's net purchases reaching 1,037 tons, particularly driven by emerging markets like China, which has increased its gold reserves significantly [3][4] - The expectation of interest rate cuts by the Federal Reserve has stimulated gold's financial attributes, leading to a significant liquidity surge in the gold market, with a notable increase in demand for gold ETFs [4][5] - Predictions from institutions like Goldman Sachs suggest that if the U.S. enters a recession or a dollar credit crisis occurs, gold prices could potentially reach $5,000 per ounce, driven by a small percentage of funds shifting from U.S. Treasuries to gold [5][6] Group 3 - The evolving perception of gold as a "new currency anchor" could lead to a global asset repricing, with countries like Russia using gold to support their currency and the EU exploring gold's role in trade settlements [6][7] - There is a growing divide in the market regarding gold's role as a safe-haven asset versus a potential bubble, with institutions recommending a 3%-10% allocation to gold for risk hedging [7] - Ordinary investors face challenges in navigating the liquidity differences between gold ETFs and physical gold, as well as the interconnectedness of gold mining stocks and spot prices, emphasizing the need for strategic asset allocation [7]

Core Viewpoint - The A-share market experienced a widespread decline in bank stocks, with several banks showing significant drops in their share prices [1] Group 1: Stock Performance - Ningbo Bank's stock fell by 2% [1] - Qingdao Bank, Chongqing Rural Commercial Bank, Changshu Bank, Nanjing Bank, Shanghai Pudong Development Bank, Jiangyin Bank, and CITIC Bank all saw declines of over 1% [1]

Core Insights - Small and micro enterprises are crucial for economic development and innovation, serving as the "capillaries" of the economy and the "source of vitality" for innovation [1] - Ningbo Bank Nanjing Branch focuses on serving small and micro enterprises as part of its mission for inclusive finance, creating a comprehensive financial service system that supports the entire lifecycle of these businesses [1] - By understanding the unique challenges faced by different industries and stages of small enterprises, Ningbo Bank designs financial products that directly address their specific needs [1] Summary by Sections Salary Loan - The "Salary Loan" product addresses the critical need for timely salary payments, which is essential for maintaining team stability in small enterprises [2] - This loan uses the company's salary payment data from the past six months as the basis for credit assessment, offering up to six months' total salary without collateral, with a maximum term of 12 months [2] - A case study of a specialized small enterprise illustrates the effectiveness of the Salary Loan, where an 800 million RMB loan was approved quickly to cover a salary shortfall, thereby stabilizing the workforce [2][3] Trade Financing - The "Trade Financing" product is designed to support import and export enterprises by alleviating cash flow pressures during long inventory and payment cycles [5] - This financing solution offers credit based on the company's export volume over the past year, with a maximum limit of 200,000 USD and a term of up to one year [5] - A case example shows how a chemical trading company successfully secured 10 million RMB in trade financing, enabling it to manage increased order volumes and enhance business growth [5] Technology Empowerment - Ningbo Bank leverages digital finance to address the challenges faced by small enterprises, offering streamlined online products that enhance service efficiency [6] - Products like "Easy Loan" and "Tax Loan" provide quick access to funds, with approval times as short as one minute and ten minutes, respectively [6] - The bank aims to continue developing its "technology + finance + ecosystem" service model to support the growth of small enterprises and contribute to high-quality economic development in Nanjing [6]

Group 1 - Ningbo Bank is one of the first batch of A-share listed city commercial banks in China and is recognized as one of the 20 systemically important banks nationwide [2] - The bank ranks 72nd in the "Global Top 1000 Banks" list for 2025 and has received multiple awards as "China's Best City Commercial Bank" [2] - The Nanjing branch of Ningbo Bank was established in 2008 and has 26 primary branches in the Nanjing area, with a deposit scale exceeding 150 billion and total assets over 220 billion [2] Group 2 - The bank offers a comprehensive compensation system, including five insurances and two funds, commercial insurance, transportation subsidies, and holiday bonuses [3] - There is a scientific talent development mechanism in place, featuring professional training, mentorship, job rotation, and promotion opportunities [3] - Employee care initiatives include holiday greetings, self-service canteens, paid leave, and customized work attire [3] Group 3 - The recruitment for the company banking line at Ningbo Bank Nanjing branch for 2025 has officially started, emphasizing opportunities for professional growth and collaboration [7] - Various application methods are available, including online submission through the official recruitment website, email applications, and internal referrals [6]

Core Viewpoint - The acquisition plan by Huibo Yuntong is seen as a strategic move to address its declining profits and enhance its business operations through the purchase of a significant stake in Baode Computer [1][2]. Group 1: Acquisition Details - Huibo Yuntong's affiliates and Zhejiang State-owned Assets Supervision and Administration Commission plan to jointly acquire 32.09% of Baode Computer's shares, with the company’s affiliate contributing 994 million yuan [1][3]. - The acquisition is based on an overall valuation of Baode Computer at 4.5 billion yuan, with the total investment from the affiliates amounting to approximately 1.444 billion yuan [3][4]. - The acquisition aims to resolve the financial issues of Baode Computer's major shareholder and reduce investment risks for Huibo Yuntong [1][6]. Group 2: Financial Performance - Huibo Yuntong's net profit has seen a significant decline, with a drop of over 20% expected in 2024 and a staggering 78% decrease in the first half of 2025, amounting to 5.6477 million yuan [1][9]. - Despite continuous revenue growth from 688 million yuan in 2020 to 1.743 billion yuan in 2024, the company's net profit has faced pressure, indicating a disconnect between revenue and profitability [9][10]. - Baode Computer, on the other hand, reported revenues exceeding 10 billion yuan in 2023 and 2024, with net profits of 201 million yuan and 235 million yuan respectively, showcasing its strong financial health [10]. Group 3: Strategic Implications - The acquisition is viewed as a critical step for Huibo Yuntong to transition from software services to a more integrated hardware-software business model, thereby expanding its operational scope and improving its industry positioning [10][11]. - The involvement of affiliates in the acquisition is seen as a strategy to mitigate risks associated with the investment in Baode Computer, which has been identified as having certain operational flaws [6][8].