登录新浪财经APP 搜索【信披】查看更多考评等级 基金管理人：信达澳亚基金管理有限公司 基金托管人：上海农村商业银行股份有限公司 二零二五年十二月 一、重要提示 5、符合法律法规规定的可投资于证券投资基金的个人投资者、机构投资者、合格境外机构投资者和人 民币合格境外机构投资者以及法律法规或中国证监会允许购买证券投资基金的其他投资人。 基金管理人有权调整单一投资者单日或单笔认、申购金额上限，具体规定请参见更新的招募说明书或相 关公告。 6、投资人欲购买本基金，需开立本公司基金账户。基金募集期内销售机构（指基金管理人的直销机构 和指定代销机构）同时为投资人办理开户及认购手续。投资人的开户和认购申请可同时办理，但若开户 无效，认购申请也同时无效。 7、投资者在募集期内可多次认购，认购申请一经受理不得撤销。各销售机构对本基金最低认购金额及 交易级差有其他规定的，以各销售机构的业务规定为准。 8、销售机构对申请的受理并不表示对该申请的成功确认，而仅代表销售机构确实接受了认购申请，申 请的成功确认应以基金注册登记机构（本基金的注册登记机构由本公司担任）的确认登记为准。投资人 可以在基金合同生效后到原认购网点打印认购成交确 ...

Core Viewpoint - The rural commercial bank sector experienced a 0.75% increase on December 2, with Yunnan Rural Commercial Bank leading the gains, while the Shanghai Composite Index and Shenzhen Component Index saw declines of 0.42% and 0.68%, respectively [1] Group 1: Market Performance - The closing price of Yunnan Rural Commercial Bank was 6.72, up by 1.20%, with a trading volume of 538,400 shares and a transaction value of 361 million [1] - Other banks in the sector, such as Shanghai Rural Commercial Bank and Wuxi Bank, also reported gains of 1.06% and 0.65%, respectively [1] - The overall trading volume and transaction values for various banks indicate active market participation, with Zhangjiagang Bank and Suzhou Rural Bank also showing positive performance [1] Group 2: Fund Flow Analysis - The rural commercial bank sector saw a net outflow of 83.05 million from institutional investors and 32.37 million from speculative funds, while retail investors contributed a net inflow of 115 million [1] - Yunnan Rural Commercial Bank had a net inflow of 13.21 million from institutional investors, despite a net outflow of 21.98 million from speculative funds [2] - The fund flow data indicates varying levels of investor confidence, with some banks like Zhangjiagang Bank experiencing significant net outflows from institutional and speculative investors, while retail investors showed strong interest [2]

2025年12月1日，上海农商银行发布关于信用卡系统维护的公告，为提供更好的金融服务体验，有效提 升信用卡系统整体的处理效能，上海农商银行将于2025年12月4日00:00—04:00对系统进行升级，届时 信用卡所有交易及服务将全面暂停。 请您根据自身需要，提前做好相应安排，错开系统升级时段办理业务。如有疑问，可致电上海农商银行 24小时客服热线021-962999。 ...

Core Viewpoint - The banking sector in A-shares has shown a recovery with 37 out of 42 listed bank stocks rising, indicating a positive market sentiment and investment potential in the sector [1][3]. Group 1: Market Performance - On the first trading day of December, the banking sector opened lower but rallied throughout the day, with significant gains in stocks like Xiamen Bank (over 5% increase) and Zhangjiagang Bank (over 4% increase) [1]. - The largest bank ETF (512800) closed up 0.72%, with a trading volume of 1.08 billion yuan, reflecting a slight increase in market activity [1][4]. Group 2: Financial Performance - The third-quarter reports of listed banks were better than expected, with 35 out of 42 banks reporting year-on-year profit growth, and 7 banks achieving double-digit profit growth [3]. - The net interest margin has shown signs of stabilization, providing strong support for the recovery of bank performance [3]. Group 3: Valuation and Investment Appeal - The banking sector has returned to a high cost-performance ratio after previous adjustments, with a price-to-book ratio (PB) of 0.72, indicating it is at a low valuation compared to the past decade [3]. - The dividend yield of the banking index stands at 3.94%, exceeding the 10-year government bond yield by over 2 percentage points, enhancing its attractiveness to investors [3]. Group 4: Institutional Investment Trends - Insurers are focusing on low valuation, high dividend, and stable performance in their investment strategies, showing continued interest in the banking sector [3]. - The recent mid-term dividend distributions from listed banks are robust and timely, reflecting the sector's solid dividend value and attracting long-term capital [3][4]. Group 5: ETF Insights - The bank ETF (512800) has seen its scale increase to 20.615 billion yuan, a significant rise of 13.127 billion yuan since the beginning of the year, indicating strong investor interest [4]. - The ETF is the largest and most liquid among A-share bank ETFs, with an average daily trading volume exceeding 800 million yuan [4].

Market Performance - The rural commercial bank sector increased by 1.44% on December 1, with Zhangjiagang Bank leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Individual Stock Performance - Zhangjiagang Bank (002839) closed at 4.74, up 4.41% with a trading volume of 1.1194 million shares and a transaction value of 5.31 billion [1] - Qingnong Commercial Bank (002958) closed at 3.21, up 2.23% with a trading volume of 850,300 shares and a transaction value of 270 million [1] - Yunnan Agricultural Bank (601077) closed at 6.64, up 2.15% with a trading volume of 639,200 shares and a transaction value of 422 million [1] - Jiangyin Bank (002807) closed at 4.92, up 2.07% with a trading volume of 543,000 shares and a transaction value of 266 million [1] - Other notable performances include Yuanxi Bank (600908) at 6.17 (+1.98%), Sunong Bank (603323) at 5.30 (+1.92%), and Ruifeng Bank (601528) at 5.61 (+1.63%) [1] Fund Flow Analysis - The rural commercial bank sector experienced a net outflow of 83.7827 million from institutional investors, while retail investors saw a net inflow of 1.7564 million [1] - Notable net inflows from speculative funds amounted to 82.0263 million [1] Detailed Fund Flow for Individual Stocks - Yunnan Agricultural Bank (601077) had a net inflow of 24.4028 million from institutional investors, while retail investors had a net outflow of 36.2857 million [2] - Jiangyin Bank (002807) saw a net inflow of 17.2582 million from institutional investors, with retail investors experiencing a net outflow of 4.7439 million [2] - Other banks like Zijin Bank (601860) and Ruifeng Bank (601528) also showed varied fund flows, with Zijin Bank having a net inflow of 2.9176 million from speculative funds [2]

（文章来源：新华财经） 在人民银行上海总部与中国银行间市场交易商协会的指导下，在市委金融办的支持下，上海农商银行充 分发挥本地法人银行的优势和效率，为企业量身定制注册发行方案，于9月为道禾长期成功注册2025- 2027年度定向科技创新债券项目，注册金额1亿元。11月28日，该行成功承销首期3000万元债券，本期 债券获得市场机构的积极响应与踊跃认购，实现超额配售。 本期科技创新债券为股权投资机构提供了匹配其投资周期的中长期稳定资金来源，是培育市场亟需 的"耐心资本"的关键举措，有助于引导金融活水通过专业的股权投资机构，更精准、更高效地注入最具 发展潜力的科技型中小企业，畅通了科技、资本与实体经济的高水平循环。上海农商银行将不断深化和 完善全生命周期科技金融服务体系，加强金融产品创新，强化金融资源对科技创新领域的精准配置和高 效支持，努力为上海乃至全国加快实现高水平科技自立自强贡献更大的金融力量。 11月28日，上海农商银行独立主承销"上海道禾长期投资管理有限公司2025年度第一期定向科技创新债 券"（以下简称"本期债券"），发行金额3000万元、期限5年，募集资金主要用途为置换企业一年以内用 于基金出资的自 ...

Core Viewpoint - The A-share market has seen a significant increase in bank stocks, with notable gains in several banks on December 1st, indicating positive market sentiment towards the banking sector [1]. Summary by Category Stock Performance - Zhangjiagang Bank increased by 5.07%, with a total market capitalization of 11.7 billion and a year-to-date increase of 16.95% [2]. - Xiamen Bank rose by 4.34%, with a market cap of 19.7 billion and a year-to-date increase of 35.40% [2]. - Qilu Bank saw a 3.38% increase, with a market cap of 37.7 billion and a year-to-date increase of 14.59% [2]. - Jiangyin Bank increased by 2.07%, with a market cap of 12.1 billion and a year-to-date increase of 18.46% [2]. - Wuxi Bank and Shanghai Bank both rose nearly 2%, with market caps of 13.5 billion and 143.1 billion respectively, and year-to-date increases of 10.04% and 15.96% [1][2]. Technical Indicators - The formation of a MACD golden cross signal suggests a positive trend for these bank stocks, contributing to their upward momentum [1].

Group 1 - The article highlights the top 20 stocks in the S&P China A-Share Dividend Opportunity Index, showcasing their daily and year-to-date performance along with dividend yields [1] - 常宝股份 (002478.SZ) leads with a daily increase of 6.26% and a year-to-date increase of 53.96%, with a dividend yield of 2.97% [1] - 德业股份 (605117.SH) and 沪农商行 (601825.SH) also show strong performance, with year-to-date increases of 39.92% and 16.03% respectively, and dividend yields of 4.89% and 4.74% [1] Group 2 - The list includes companies with varying performance, such as 森马服饰 (002563.SZ) which has a year-to-date decrease of 5.67% but a high dividend yield of 8.45% [1] - Other notable mentions include 思维列控 (603508.SH) with a year-to-date increase of 44.43% and a dividend yield of 11.71%, indicating strong investor interest [1] - The overall trend suggests a positive sentiment in the market, as indicated by the MACD golden cross signal formation, which is associated with bullish stock movements [3]

国开行资金部有关负责人表示，下一步，将深入贯彻落实党的二十届四中全会精神，认真贯彻落实 习近平生态文明思想，大力发展绿色金融，用好绿色债券融资渠道，为助力构建现代化基础设施体系， 协同推进降碳、减污、扩绿、增长提供金融支持。 本报讯 记者左希报道 记者从国家开发银行获悉，11月27日，该行在上海清算所发行90亿元3年期绿 色金融债券，发行利率为1.52%，认购倍数2.46倍，获得了河南农商银行、上海农商银行、中国工商银 行、南京银行等各类投资者的踊跃认购。 据介绍，本次发行严格按照《绿色金融支持项目目录（2025年版）》挑选项目，绿色等级为G1 （最高级别），募集资金将主要用于基础设施绿色升级、能源绿色低碳转型、环境保护产业、资源循环 利用产业等领域，相关项目建成后预计年均可节约标准煤8.9万吨，减少二氧化碳排放量约20万吨。 责任编辑：袁浩 ...

Core Viewpoint - Shanghai Rural Commercial Bank has launched the "Heart Home" public service project aimed at addressing the needs of the elderly population in a rapidly aging society, focusing on financial education and community support [3][4]. Group 1: Project Overview - The "Heart Home" project was initiated in December 2022, integrating social resources through financial means to meet the educational needs of the elderly [3]. - The project has established over 1,000 public service stations across Shanghai, covering all 216 streets and towns in the city [3]. - The initiative includes the establishment of 120 elderly education centers offering more than 140 courses, serving over 5,000 elderly learners [3]. Group 2: Educational Initiatives - The project features a course titled "Protecting Your Retirement Funds," where elderly participants learn about the risks of online scams and the importance of verifying information before making financial transactions [2]. - The course emphasizes the use of technology, such as AI, to illustrate the potential for deception in digital communications [2]. Group 3: Social Impact and Future Plans - The project aims to unify commercial value and social function, addressing societal pain points while expanding market opportunities for the bank [4]. - The bank plans to continue enhancing its community services by integrating financial services into daily life, contributing to the construction of a "People's City" in Shanghai [4].