格隆汇2月5日丨江苏金租(600901.SH)涨3.85%，报6.470元，股价创历史新高，总市值374.73亿元。 ...

证券代码：600901 证券简称：江苏金租 公告编号：2026-005 江苏金融租赁股份有限公司 第四届董事会第十五次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 江苏金融租赁股份有限公司（以下简称"公司"）第四届董事会第 十五次会议的通知于 2026 年 1 月 27 日以书面形式发出。本次会议于 2026 年 2 月 3 日以现场会议的方式在公司召开。会议应出席董事 12 人， 实际出席董事 12 人。因张永飞先生的职工董事任职资格还需金融监管 部门核准，本次会议有表决权董事 11 人。会议由董事长周柏青先生主 持。本次会议的召集召开程序符合《公司法》《公司章程》及《董事会 议事规则》等有关规定。本次会议审议通过了以下议案： 一、审议《关于聘任高级管理人员的议案》 同意聘任江勇先生为公司总经理,任期与第四届董事会任期一致； 同时江勇先生不再担任公司副总经理职务。江勇先生的总经理任职资质 尚需金融监管部门核准，待核准后由其兼任公司首席合规官。 表决结果：同意【 11 】票，反对【 0 】票，弃权【 0 】票 ...

资料显示，江苏金融租赁股份有限公司位于江苏省南京市建邺区嘉陵江东街99号金融城1号楼8-9、11- 19、25-33层，成立日期1988年4月23日，上市日期2018年3月1日，公司主营业务涉及融资租赁业务。主 营业务收入构成为：基础设施21.29%，交通运输20.28%，能源环保19.20%，医疗教育9.81%，工业装备 6.96%，公用事业6.46%，文化旅游4.69%，农业机械4.61%，工程机械4.07%，信息科技2.60%，其他 0.02%。 2月2日，江苏金租跌3.14%，成交额3.13亿元。两融数据显示，当日江苏金租获融资买入额1973.33万 元，融资偿还2008.41万元，融资净买入-35.09万元。截至2月2日，江苏金租融资融券余额合计1.76亿 元。 融资方面，江苏金租当日融资买入1973.33万元。当前融资余额1.74亿元，占流通市值的0.49%，融资余 额低于近一年10%分位水平，处于低位。 融券方面，江苏金租2月2日融券偿还2.34万股，融券卖出1.76万股，按当日收盘价计算，卖出金额10.86 万元；融券余量25.52万股，融券余额157.46万元，低于近一年20%分位水平，处于 ...

Core Viewpoint - The automotive industry is shifting from direct price competition to financial incentives as companies respond to regulatory pressures against price wars, raising questions about the sustainability and risks of this strategy [2][6]. Group 1: Financial Promotions - Tesla initiated a financial promotion with a "7-year low-interest" plan, offering a minimum down payment of 79,900 yuan and monthly payments of 1,918 yuan for the Model 3 [2]. - Xiaomi, Li Auto, and other companies quickly followed suit with similar financing options, highlighting a trend towards extended loan terms and lower monthly payments to attract consumers [3]. - The trend of "7-year low-interest" financing has become a standard offering among major automakers, with various companies providing competitive down payment and monthly payment options [3]. Group 2: Consumer Behavior and Market Dynamics - There is a growing consumer demand for flexible payment options, particularly among younger buyers, which can lead to an "equivalent price reduction" effect [4]. - The automotive market is facing significant pressure, with retail sales of passenger vehicles dropping by 28% year-on-year in early January 2026, prompting companies to adopt financial promotions to stimulate demand [6]. - The impending reduction of tax incentives for electric vehicles is expected to increase consumer costs, further motivating companies to offer attractive financing solutions [6]. Group 3: Regulatory and Policy Environment - Recent policies from financial regulators have allowed for the extension of personal consumption loans to 7 years, making low-interest financing a compliant option for automakers [7]. - The government has introduced fiscal subsidies for qualifying personal consumption loans, which can help offset the costs of low-interest financing for consumers [8]. - The inclusion of the automotive sector in key fiscal subsidy areas indicates a supportive regulatory environment for financial promotions in the industry [7]. Group 4: Financing and Leasing Controversies - Many automakers are incorporating financing leasing services into their promotional strategies, which can create confusion among consumers regarding ownership and contractual obligations [9]. - The financing leasing model, while innovative, has faced criticism for potentially misleading consumers about ownership rights and responsibilities [10]. - The automotive financing leasing sector is undergoing regulatory improvements to enhance transparency and protect consumer interests [10][11].

新年伊始，万象更新。在苏北大地，一场金融服务实体经济的"春季行情"正火热展开。清晨，盱眙 农商银行马坝支行客户经理杨帆带着一份清单，开始了一天的走访。清单上详细列明了辖区内种植养殖 大户、个体工商户的信息。这是盱眙农商银行在春节期间推行的"清单化管理+网格化深耕"营销模式的 一个缩影。 "以前走访像大海捞针，现在有了清单，目标明确，效率高多了。"杨帆说。截至1月中旬，盱眙农 商银行马坝支行已交出一份亮眼答卷：贷款余额达8.29亿元，较2026年初增加5570万元。这份成绩的背 后，是盱眙农商银行将金融服务深度融入基层治理的"网格化"实践。该行创新"政务网格"走访机制，将 56名金融助理嵌入全县138个政务网格，与网格员结对，形成"格格有助理、村村有服务"的格局。今年 以来，通过这一模式已为网格内820名居民新增授信1.6亿元。 开栏的话 梅绽春近，岁物皆新。2026年是"十五五"开局之年。伴随一年一度的"新春走基层"栏目再度启程， 《金融时报》记者深入田间地头、街道社区、工厂车间，捕捉时代脉动，挖掘展现发展新貌的鲜活故事 与典型人物，力图以"小切口"呈现中国式现代化建设的生动实践，敬请期待。 春节将至，年味渐 ...

丨证券研究报告丨 行业研究丨行业周报丨投资银行业与经纪业 [Table_Title] 业绩预告期仍为重点配置时期 报告要点 [Table_Summary] 本周非银板块整体表现较强，部分公司披露 2025 年业绩预告，整体延续高增态势。券商方面， 本周证监会召开资本市场"十五五"规划上市公司座谈会，另外市场交投有所回升，整体维持 历史高位；保险方面，中长期来看三季报以来印证了存款搬家、增配权益和新单成本改善逻辑， 中长期 ROE 改善确定性进一步提升，估值有望加速修复，健康慢牛下建议积极增配保险。 分析师及联系人 [Table_Author] SAC：S0490519080007 SAC：S0490521020001 SFC：BUV596 吴一凡 谢宇尘 盛晓双 请阅读最后评级说明和重要声明 %% %% research.95579.com 1 投资银行业与经纪业 cjzqdt11111 [Table_Title2] 业绩预告期仍为重点配置时期 [Table_Summary2] 核心观点 1）本周非银板块整体表现较强，部分公司披露 2025 年业绩预告，整体延续高增态势。券商方 面，本周证监会召开资本市场"十 ...

非银金融 2026 年 02 月 01 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -10% 0% 10% 19% 29% 2025-02 2025-06 2025-10 非银金融 沪深300 相关研究报告 《偏股基金新发同比明显增长，公募 强化基准约束—行业周报》-2026.1.25 《逆周期调节呵护"慢牛"，券商和 保险业务开门红 — 行 业 周 报 》 -2026.1.18 《衍生品监管透明化，规模限制有望 放松利好头部券商—衍生品监管政策 点评》-2026.1.18 （1）本周日均股基成交额 3.71 万亿，环比+7.7%，2026 年 1 月市场日均股基成 交额 3.65 万亿，同比+157%；2026 年 1 月新成立股票和混合类基金份额 812 亿， 环比+66%，同比+187%。开年首月基金新发和交易量均显著扩张。（2）1 月 30 日证监会召开资本市场"十五五"规划上市公司座谈会，证监会主席吴清强调：全 力巩固资本市场稳中向好势头，聚焦持续深化资本市场投融资综合改革、提高制 度包容性适应性，抓紧推出深化创业板改革，提高再融资制度便利性、灵活性和 吸引力。（3）截至 1 月末，已披 ...

行 业 及 产 业 非银金融 行 业 研 究 / 行 业 点 评 两端改善趋势——2026 年保险行业策略 报告》 2025/11/18 《证券行业 2026 年投资策略：权益浪潮 下的券商机遇：财富扩容，国际增效》 2025/11/17 证券分析师 罗钻辉 A0230523090004 luozh@swsresearch.com 孙冀齐 A0230523110001 sunjq@swsresearch.com 金黎丹 A0230525060004 jinld@swsresearch.com 联系人 罗钻辉 A0230523090004 luozh@swsresearch.com 2026 年 02 月 01 日 资金面因素逐步出清，看好非银板 块投资价值 看好 ——非银金融行业周报（2026/1/26-2026/1/30） 证 券 研 究 报 告 相关研究 《25 年业绩高增态势确立，融资保证金比 例旨在引导回归价值投资——券商板块跟 本期投资提示： 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 踪》 2026/01/15 《高弹性标签助力板块"破圈"，看好资负 ...

Core Viewpoint - The automotive industry is shifting from direct price competition to financial incentives as a means to stimulate consumer demand, raising questions about the sustainability and risks associated with this strategy [2][5]. Group 1: Financial Promotions - Tesla initiated a financial promotion in early January 2026, offering a limited-time insurance subsidy and low-interest financing options for its Model 3, with a minimum down payment of 79,900 yuan and monthly payments as low as 1,918 yuan for a 7-year term [3]. - Following Tesla, other companies like Xiaomi, Li Auto, and Lantu launched similar 7-year low-interest financing plans, with down payments starting as low as 32,500 yuan and monthly payments varying across models [4]. - The trend of "7-year low-interest" financing has become a standard offering among major automakers, appealing particularly to younger consumers seeking flexible payment options [5]. Group 2: Market Context - The automotive market faced significant challenges at the beginning of 2026, with retail sales of passenger vehicles dropping by 28% year-on-year and 37% month-on-month during the first 18 days of January [8]. - The impending reduction of tax incentives for electric vehicles starting January 1, 2026, is expected to increase consumer costs, prompting automakers to adopt financial promotions to maintain sales [9]. Group 3: Regulatory Environment - Recent policies from financial regulators have allowed for extended loan terms up to 7 years for consumer financing, facilitating the adoption of low-interest loans in the automotive sector [10]. - The government has also introduced fiscal subsidies for personal consumption loans, which include automotive purchases, effectively reducing the cost of financing for consumers [10]. Group 4: Financing Leasing Controversies - Many automakers are incorporating financing leasing services into their promotional strategies, which can create confusion among consumers regarding ownership and payment structures [12]. - The financing leasing model, while innovative, has faced criticism for its potential to mislead consumers about the nature of their agreements, leading to disputes and legal challenges [13]. - The automotive industry is urged to clarify the terms of financing leasing agreements to protect both consumer interests and brand reputation [13].

Core Viewpoint - The automotive market is experiencing a promotional battle centered around low-interest financing options, initiated by Tesla's aggressive marketing strategy, which has prompted other companies to follow suit in a bid to stimulate consumer demand amid declining sales figures [2][5]. Group 1: Promotional Strategies - Tesla launched a financing promotion offering a minimum down payment of 79,900 yuan and monthly payments of 1,918 yuan for a 7-year loan on the Model 3 [2]. - Xiaomi introduced a similar 7-year low-interest financing plan for its YU7 model, with a minimum down payment of 49,900 yuan and monthly payments starting at 2,593 yuan [2]. - Li Auto and other manufacturers like Lantu and Xpeng have also rolled out competitive financing options, with Li Auto offering a down payment starting at 32,500 yuan and monthly payments as low as 2,578 yuan [3]. Group 2: Market Context - The automotive market faced a challenging start in 2026, with retail sales of passenger vehicles dropping by 28% year-on-year and 37% month-on-month in early January [5]. - The decline in sales is attributed to the expiration of tax incentives for electric vehicles, which had previously driven demand [5]. - The shift from traditional price competition to financing strategies is seen as a response to regulatory pressures against price wars [5]. Group 3: Financial Policies - Recent government policies have allowed for the extension of consumer loan terms from 5 to 7 years, facilitating the introduction of low-interest financing options [6]. - The government has also implemented a subsidy program for personal consumption loans, which includes automotive purchases, effectively reducing the interest burden on consumers [6][7]. - This financial support enables automakers to offer attractive financing terms while maintaining profitability [7]. Group 4: Consumer Behavior and Risks - The demand for flexible payment options is rising among consumers, particularly younger buyers, who are attracted to lower monthly payments that mimic price reductions [3]. - However, there are concerns regarding the long-term implications of financing contracts, as consumers may be locked into agreements for depreciating assets [4]. - The financing lease model, while innovative, poses risks related to ownership and potential disputes, as consumers may not fully understand the terms of their agreements [8][10].