记者｜陈归辞 实习生徐芷嫣 编辑｜周炎炎 首届江苏省城市足球联赛（简称"苏超"）在2025年掀起的超强冲击波仍在余音绕梁，2026年 新赛季就已来袭。 1月27日最新揭晓的2026年苏超赞助商名单，江苏银行、苏豪控股集团、喜力啤酒、阿迪达 斯、海澜之家、蚂蚁阿福等24家知名企业在列，"豪华"赞助阵容再度引发关注与热议。 首届苏超的热度能否在新赛季得以延续，也成为各界密切关注的话题。 豪华赞助商阵容亮相，网友称让"中超"羡慕 首届苏超吸引了近40家企业合作伙伴。进入新赛季，苏超展现出更强"吸金"实力。 1月27日召开的2026年江苏省城市足球联赛商务合作发布会公布， 第二届苏超省级层面招商吸 引了24个品牌商赞助。与去年相比，总冠名除了江苏银行外，新增了江苏省属国有独资企业集 团苏豪控股集团。 其余22家赞助商包括官方战略合作伙伴、官方赞助商、官方供应商三类。 其中除了阿迪达 斯、可口可乐等跨国公司外，不乏本土行业龙头与新锐品牌。如洋河海之蓝、喜力啤酒等酒类 品牌，龙蟠科技、宇视科技等科技创新企业，国药太极、蚂蚁阿福等医疗健康品牌，以及库迪 咖啡、潮流IP公司Suplay等新消费品牌等。 发布会现场并未披露相关 ...

东 东兴晨报 P1 2026 年 1 月 29 日星期四 经济要闻 1. 外交部：中英两国领导人成功会晤，同意发展长期稳定的全面战略伙伴 关系（资料来源：同花顺） 2. 财政部：12 月份，全国共销售彩票同比下降 9.1%。其中，福利彩票机 构销售 172.96 亿元，同比下降 9.6%；体育彩票机构销售 350.54 亿元，同 比下降 8.8%。2025 年全年，全国共销售彩票 6279.69 亿元，同比增长 0.7%。 （资料来源：同花顺） 3. 发改委：今年春运期间全社会跨区域人员流动量预计将达 95 亿人次， 创历史新高。自驾出行将继续处于主体地位，占比达八成左右。铁路、民航 客运量预计分别达到 5.4 亿人次和 9500 万人次，总体规模和单日峰值均有 望超过历史同期的峰值。（资料来源：同花顺） 4. 商务部：2025 年，我国全行业对外直接投资 12455.8 亿元人民币，比 上年增长 7.4%。其中，我国境内投资者共对全球 153 个国家和地区的 11048 家境外企业进行了非金融类直接投资，累计投资 10404.2 亿元人民币，增长 1.6%。（资料来源：同花顺） 5. 最高法：最高人民法院知 ...

Group 1 - The city commercial bank sector increased by 2.54% on January 29, with Qingdao Bank leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] - The trading volume for Qingdao Bank was 1.9862 million shares, with a transaction value of 990 million yuan, reflecting a 9.94% increase in its closing price to 5.09 yuan [1] Group 2 - The net inflow of main funds in the city commercial bank sector was 702 million yuan, while retail investors experienced a net outflow of 548 million yuan [1] - The main fund inflow for Jiangsu Bank was 322 million yuan, accounting for 14.99% of its total trading volume [2] - Ningbo Bank saw a main fund inflow of 151 million yuan, representing 11.12% of its trading volume, while retail investors had a net outflow of 149 million yuan [2]

Core Insights - The 2026 Jiangsu Province Urban Football League (referred to as "Su Super") is set to continue the momentum generated by its inaugural season in 2025, with a strong lineup of sponsors and heightened public interest [1][2]. Sponsorship and Financial Aspects - The 2026 season has attracted 24 sponsors, including notable brands such as Jiangsu Bank, Suhao Holding Group, Heineken, Adidas, and Ant Financial, showcasing a robust sponsorship portfolio [1][2]. - The total sponsorship amount for the 2026 season was previously reported to exceed 202 million yuan, although this figure is subject to confirmation due to pending agreements [2]. Audience Engagement and Popularity - The inaugural season of Su Super saw significant audience engagement, with a total attendance of 2.43 million across 85 matches, averaging 28,000 spectators per match, and online viewership reaching 2.2 billion [3]. - The league has generated a cultural phenomenon, with various social media trends and memes emerging from the matches, indicating a strong community connection [3][5]. Socioeconomic Context - The success of Su Super is attributed to the unique competitive spirit among the 13 cities in Jiangsu, which has historical and cultural significance, fostering a sense of rivalry and community pride [4][5]. - The league's rapid growth in sponsorship and popularity is also linked to the local government's effective governance and ability to connect with surrounding industries [4]. Changes and Innovations for the New Season - The 2026 season will introduce a new competition format, including a total of 91 matches, with a shift from single-elimination to two-legged knockout rounds in the playoffs, enhancing the competitive excitement [7]. - The league will also expand its sponsorship model to include small and micro enterprises, allowing them to participate alongside larger brands, which has been positively received by the public [8]. Broader Implications and Future Prospects - The success of Su Super has inspired other regions to replicate its model, although experts suggest that each area must leverage its unique cultural and social dynamics to achieve similar success [9].

Group 1 - The banking sector experienced an increase today, led by small and medium-sized banks supported by strong earnings [1] - Two main reasons for this rise include the reversal of pessimism in the real estate sector due to regulatory changes and the positive earnings reports from listed banks [1] - The cumulative decline of the banking sector in 2026 reached 6%, marking it as the worst-performing sector, primarily due to capital disturbances rather than a deterioration in fundamentals [1] Group 2 - As of December 31, 2025, the top ten weighted stocks in the CSI Bank Index accounted for 65.61% of the index, including major banks like China Merchants Bank and Industrial and Commercial Bank of China [2] - The CSI Bank Index (399986) saw a strong increase of 1.60%, with notable gains from Qingdao Bank (up 9.94%) and Chongqing Rural Commercial Bank (up 4.03%) [1]

Group 1: Chinese Stock and Equity-Linked Market - In 2025, Chinese companies are projected to raise a total of $123.49 billion in the global capital markets through stock and equity-linked transactions, representing a year-on-year increase of 103% but a quarter-on-quarter decrease of 17% [3] - The number of issuances is expected to grow by 34% compared to 2024, totaling 566 transactions, with a 6% decrease in Q4 compared to Q3 [3] - Initial Public Offerings (IPOs) are expected to reach $25.77 billion, a 77% increase year-on-year and a 39% increase quarter-on-quarter [3] - The industrial sector leads with a 24% market share, raising $29.43 billion, which is a 98% increase compared to the previous year [5] - CITIC Securities ranks first among underwriters in the Chinese stock and equity-linked market [7] Group 2: Chinese Bond Market - The total issuance of RMB bonds in 2025 is projected to be approximately 29.2 trillion RMB, reflecting a year-on-year growth of 13%, although Q4 issuance is expected to decrease by 28% compared to Q3 [11] - The Panda bond market is expected to see a total issuance of approximately 134.16 billion RMB, a 13% decrease year-on-year, but with a 21% increase in Q4 compared to Q3 [12] - Government and institutional bond issuances are expected to account for about 14.4 trillion RMB, representing 49% of the market share, with a year-on-year growth of 13% [13] - CITIC leads the RMB bond underwriting rankings, while Bank of China ranks first in Panda bond underwriting [16] Group 3: Syndicated Loans - Bank of China leads the rankings for all currency syndicated and club loans, as well as for all currency loan book runners [23] - The total amount of all currency syndicated loans is projected to be $28.85 billion, with a market share of 46.2%, although this represents a 47% decrease compared to the previous year [24] - In the same category, Bank of China is expected to maintain a market share of 48.1% with a total of $20.89 billion in loans, despite a 51% decrease compared to the previous year [24]

Group 1 - Qingdao Bank reported a net profit attributable to shareholders of 5.188 billion yuan for the year 2025, representing a year-on-year growth of 21.66% [1] - Eight listed banks, including China Merchants Bank, Industrial Bank, and Ningbo Bank, have also reported positive net profit growth for the year 2025 [1] - The China Galaxy Securities noted that the overall market style in the fourth quarter continues from the previous quarter, with relatively low investor preference for the banking sector [1] Group 2 - The China Banking Index (399986) rose by 1.68%, with Qingdao Bank increasing by 9.94%, Chongqing Rural Commercial Bank by 3.86%, and Ningbo Bank by 3.70% [1] - The Penghua Bank ETF closely tracks the China Banking Index and serves as an analytical tool for investors [2] - As of December 31, 2025, the top ten weighted stocks in the China Banking Index accounted for 65.61% of the index, including major banks like China Merchants Bank and Industrial and Commercial Bank of China [2]

Summary of Key Points Core Viewpoint - The company, Jiangsu Yabang Dyeing Co., Ltd., through its wholly-owned subsidiary, Jiangsu Yabang Hual Dye Co., Ltd., has entered into a comprehensive credit agreement with Jiangsu Bank Lianyungang Branch for a maximum credit limit of 9.5 million RMB to support its operational needs [1][2]. Group 1: Guarantee and Counter-Guarantee Overview - Jiangsu Yabang Hual has signed a contract with Lianyungang Geshida Financing Guarantee Co., Ltd. to provide a joint liability guarantee for the aforementioned credit limit of 9.5 million RMB [1][2]. - The company has provided a real estate property of 3,987.95 square meters as collateral for the counter-guarantee [2]. Group 2: Internal Decision-Making Process - The board of directors approved the provision of guarantees for consolidated entities with a total limit not exceeding 1 billion RMB, with specific limits based on the debt-to-asset ratio [2]. - As of the announcement date, the company has utilized 438.5 million RMB of the approved guarantee amount, with 428.5 million RMB for entities with a debt-to-asset ratio below 70% and 10 million RMB for those above [2]. Group 3: Guarantee and Counter-Guarantee Contracts - The entrusted guarantee contract specifies a guarantee fee of 0.8% per annum, totaling 228,000 RMB over three years, payable in advance [4][5]. - The counter-guarantee contract outlines that the company will be liable for all amounts paid by the guarantor, including principal, interest, and other costs [6][7]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the operational liquidity needs of the subsidiary, promoting its business development and improving operational efficiency [10]. - The board believes that the subsidiary's stable financial condition and debt repayment capability make the guarantee low-risk and will not adversely affect the company or its shareholders [11].

行 业 及 产 业 银行 2026 年 01 月 28 日 行 业 研 究 / 行 业 深 度 相关研究 证 券 研 究 报 告 证券分析师 郑庆明 A0230519090001 zhengqm@swsresearch.com 林颖颖 A0230522070004 linyy@swsresearch.com 冯思远 A0230522090005 fengsy@swsresearch.com 李禹昊 A0230525070004 liyh2@swsresearch.com 联系人 冯思远 A0230522090005 fengsy@swsresearch.com 2026 年银行业选股为先，α优于β 看好 ——上市银行春季调研反馈暨板块思考 前言：年初至今银行板块累计下跌近 7% ，在各板块表现最为靠后，这与我们判断 2026 年基本面稳 步改善存在背离。开年以来我们密集走访各银行，就信贷投放、存款搬家、息差趋势、金市业务、 资产质量等市场关注重点详细交流，结合对现阶段银行板块的思考，本篇报告作以下总结。 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 中庚基金 使用。1 - ⚫ 总体看 ...

证券日报网讯 1月28日，江苏银行（600919）在互动平台回答投资者提问时表示，江苏银行坚持"稳中 求进、稳中求变"总基调，努力争做执行政策、遵从监管和市场表现的"三好学生"，积极应对各种压力 挑战，2025年前三年季度经营质态保持良好，主要指标持续跑赢大势。截至9月末，本行总资产4.93万 亿元，较上年末增长24.68%；前三季度实现营收671.83亿元、同比增长7.83%，实现归母净利润305.83 亿元、同比增长8.32%；不良贷款率0.84%，为上市以来最优水平，拨备覆盖率322.62%，风险抵补能力 充足。前三季度的良好发展态势为全年业绩稳健增长打下坚实基础，详情敬请关注本行将在上海证券交 易所网站披露的2025年年度报告。 ...