重慶銀行股份有限公司* 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 BANK OF CHONGQING CO., LTD.* 茲載列本行在上海證券交易所網站刊發之《關於股東權益變動事項的進展公告》，僅供參 閱。 代表董事會 重慶銀行股份有限公司* 董事長 楊秀明 中國重慶，2025年12月5日 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：1963） 海外監管公告 本公告乃重慶銀行股份有限公司*（「本行」）根據香港聯合交易所有限公司證券上市規則第 13.10B條而作出。 於本公告刊發日期，本行的執行董事為楊秀明先生、高嵩先生及侯曦蒙女士；本行的非 執行董事為黃漢興先生、郭喜樂先生、吳珩先生、付巍先生、周宗成先生及余華先生； 本行的獨立非執行董事為朱燕建先生、劉瑞晗女士、汪欽琳女士、曾宏先生及陳鳳翔先 生。 2025 年 12 月 5 日 1 关于股东权益变动事项的进展公告 本行董事会及全体董事保证 ...

在今年8月23家金融机构"定向"承接消费贷贴息政策之后，地方银行也将迎来政策红利。 12月4日，成都银行、成都农商行分别发布公告称，根据四川省相关政策，个人客户提用省内经办机构 发放且实际用于四川省内消费的贷款部分，可获得贴息，该贴息政策实施期限为2025年10月1日至2026 年3月31日。 12月4日，成都银行公告指出，本行将通过系统识别或人工审核方式对授权账户的交易信息进行识别核 验，贴息协议生效后，本行开始识别客户在政策执行期间使用个人消费贷款进行消费的交易信息，并对 其中符合财政贴息要求的消费交易进行识别认定，按照政策规定予以贴息。 从贴息的范围来看，多家银行公布的政策中具体贴息范围都包括单笔5万元以下消费以及单笔5万元以上 的汽车、教育、健康医疗等重点领域消费。 贴息标准方面，四川及贵州两省年贴息比例1%（按符合条件的实际用于消费的个人消费贷款本金计 算），最高不超过合同利率的50%。 在补贴额度方面，贵州银行和贵阳银行个人消费贷款累计贴息上限为3000元，单笔5万元以下个人消费 贷款贴息累计上限为1000元，叠加大额消费贴息后总额不得突破3000元上限；成都银行及成都农商行个 人消费贷款累计贴息 ...

关于股东权益变动事项的进展公告 证券代码：601963 证券简称：重庆银行 公告编号：2025-074 可转债代码：113056 可转债简称：重银转债 重庆银行股份有限公司 近日，本行收到渝富资本告知函，上述无偿划转事项已完成非交易过户。 特此公告。 重庆银行股份有限公司董事会 2025 年 12 月 5 日 1 本行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。 重庆银行股份有限公司（以下简称"本行"）于 2025 年 6 月 19 日在上海证 券交易所网站（www.sse.com.cn）披露了《关于股东权益变动的提示性公告》（公 告编号：2025-044）。本行第一大股东重庆渝富资本运营集团有限公司（以下简 称"渝富资本"）控股股东重庆渝富控股集团有限公司（以下简称"渝富控股"） 董事会审议通过，将渝富控股子公司中国四联仪器仪表集团有限公司（以下简称 "四联集团"），以及四联集团子公司重庆川仪微电路有限责任公司（以下简称"川 仪微电路"）持有的本行 A 股股份无偿划转至渝富控股持有。上述划转事项完成 后，渝富资本及其一致行动人的 ...

Market Performance - The A-share market saw a rebound on December 5, with the Shanghai Composite Index rising by 0.7% to close at 3902.81 points, while the Shenzhen Component Index increased by 1.08% to 13147.68 points, and the ChiNext Index rose by 1.36% to 3109.30 points [1] - The total trading volume for the Shanghai market was 716.7 billion, and for the Shenzhen market, it was 1009 billion [1] Sector Performance - The insurance, industrial metals, power grid equipment, superconductors, commercial aerospace, and Fujian Free Trade Zone sectors showed significant gains [2] - Conversely, the banking, film and television, traditional Chinese medicine, and newly listed technology sectors experienced declines [2] Institutional Insights - The current macro environment is favorable for the market due to easing overseas tightening risks and ample domestic liquidity, suggesting a focus on sectors with clear growth trends such as semiconductors, consumer electronics, artificial intelligence, robotics, and commercial aerospace [3] - The storage sector is expected to remain in a super cycle, with supply shortages anticipated to last until at least the end of 2026, benefiting companies closely aligned with storage manufacturers [3] - The competitive edge of AI applications lies in their ecosystem synergy, with companies like Alibaba leveraging their comprehensive ecosystem to enhance user attraction and retention [3] Industry News - Three rare earth permanent magnet companies, including JINLI Permanent Magnet, Zhongke Sanhuan, and Ningbo Yunsheng, have obtained general export licenses, which will streamline their export processes and accelerate delivery speeds [4] - The National Financial Regulatory Administration has adjusted risk factors for insurance companies, lowering the risk factor for certain long-held stocks, which may enhance investment stability for these firms [5] - China's offshore wind power capacity has maintained its global leading position for five consecutive years, with a cumulative installed capacity of 44.61 million kilowatts as of September 2025 [6]

Non-Bank Financials - The Guangdong provincial government has issued a plan to support the integration and merger of industrial chains, allowing insurance funds to increase equity investment in M&A projects, which will enhance the role of non-bank financials as "patient capital" [2] - Morgan Stanley has included China Ping An in its focus list, expressing optimism about its long-term performance [2] - Donghai Securities is optimistic about the sector's configuration opportunities driven by year-end style switching and the "New Year Red" initiative, highlighting the importance of M&A restructuring, wealth management transformation, and ROE improvement [2] Nonferrous Metals - Three rare earth permanent magnet companies have obtained general export licenses, with the Chinese government facilitating compliant trade to maintain global supply chain stability [3] - Changjiang Futures believes that nonferrous metals like copper and aluminum will benefit from the optimization of traditional industries and the growth of emerging sectors during the 14th Five-Year Plan period [3] - The focus on rare metals such as rare earths and lithium is increasing, with the rare metal ETF (159608) gaining attention [3] Machinery Equipment - The "Machinery Industry Stable Growth Work Plan (2025-2026)" sets a revenue target of 10 trillion yuan by 2026, emphasizing innovation in key areas like industrial mother machines and smart equipment [4] - Excavator sales increased by 17% year-on-year from January to October, with engineering machinery exports reaching $48.57 billion, up 12% [4] - Bohai Securities notes a continued recovery in the engineering machinery sector, driven by domestic demand and significant infrastructure projects [4] Market Performance - As of December 5, 2025, the A-share market saw non-bank financials, nonferrous metals, and machinery equipment leading with gains of 3.50%, 2.84%, and 2.34% respectively [1][5] - The banking sector experienced a decline of 0.58%, with Chongqing Bank and Qilu Bank showing the largest drops [5][8] Pharmaceutical Sector - The upcoming release of the new basic medical insurance drug list and the first version of the commercial insurance innovative drug list is expected to create investment opportunities in related pharmaceutical companies [6] - The ongoing flu season is increasing interest in sectors such as in vitro diagnostics, vaccines, and pharmacies, presenting short-term investment opportunities [6] - The largest Hong Kong innovative drug ETF (513120) has seen continuous net inflows over the past six days, indicating strong investor interest [6]

Market Performance - The A-share market saw a collective rise in the three major indices, with the Shanghai Composite Index up 0.7% to 3902 points, the Shenzhen Component Index up 1.08%, and the ChiNext Index up 1.36% [1][2] - The total market turnover reached 1.74 trillion yuan, an increase of 177.3 billion yuan compared to the previous trading day, with nearly 4400 stocks rising [1] Insurance Sector - The insurance sector experienced significant gains, with China Pacific Insurance rising over 6.85%, Ping An Insurance up nearly 6%, and China Life Insurance up nearly 5% [4][5] - Morgan Stanley added Ping An Insurance to its core recommended list and raised its target price for Ping An's H-shares to 89 HKD and A-shares to 85 CNY, maintaining an industry top pick rating [4] Gold Sector - Gold-related stocks saw substantial increases, with companies like Xiaocheng Technology rising over 14% and Nankun Group hitting the daily limit [5][6] - The expectation of interest rate cuts by the Federal Reserve has strengthened predictions for gold prices, with the World Gold Council forecasting a potential increase of 15%-30% by 2026 due to declining U.S. Treasury yields and heightened geopolitical risks [5] Commercial Aerospace Sector - The commercial aerospace sector saw multiple stocks hit the daily limit, including Lixing Co. and Hongxiang Co., with Lixing Co. rising 20.02% [10] - The "Qianfan Constellation" market cooperation was signed between Yanshin Satellite and Airbus, marking a significant step towards global application [9] Superconducting Sector - The superconducting sector experienced a surge, with stocks like Baosheng Co. and Xibu Materials hitting the daily limit [8] - A breakthrough in nickel-based high-temperature superconductors was reported by a research team led by Shandong University, with results published in the journal Nature [7] Rare Earth Sector - The rare earth sector saw gains, with Ningbo Yunsheng and Jinkeli Yongci hitting the daily limit [12] - The Chinese government has been conducting export control work on rare earth-related items, approving compliant export applications promptly [11]

Market Performance - The A-share market experienced slight fluctuations in the morning, followed by a collective rise in the afternoon, with the Shanghai Composite Index closing up 0.7% at 3902 points, the Shenzhen Component Index up 1.08%, and the ChiNext Index up 1.36% [1] - The total market turnover reached 1.74 trillion yuan, an increase of 177.3 billion yuan compared to the previous trading day, with nearly 4400 stocks rising [1] Index Summary - Shanghai Composite Index: 3902.81 (+27.01, +0.70%) [2] - Shenzhen Component Index: 13147.68 (+140.96, +1.08%) [2] - ChiNext Index: 3109.30 (+41.81, +1.36%) [2] - CSI 300: 7097.84 (+37.97, +0.84%) [2] - CSI 500: 5513.75 (+85.03, +1.21%) [2] - CSI 1000: 7342.49 (+93.84, +1.29%) [2] Sector Performance - The insurance sector saw significant gains, with China Ping An (601318) being added to a key focus list by Morgan Stanley, leading to a nearly 6% increase in its stock price, while China Pacific Insurance (601601) rose nearly 7% [3] - The commercial aerospace sector also performed well following the successful launch of Blue Arrow Aerospace's Zhuque-3, with stocks like Aerospace Development (000547) and Aerospace Science and Technology hitting the daily limit [3] - The superconducting concept stocks surged, with Yongding Co. (600105) reaching the daily limit [3] - The controllable nuclear fusion sector strengthened, with stocks like Changguang Huaxin also hitting the daily limit [3] - Other sectors that performed well included precious metals, non-ferrous metals, satellite internet, and those related to Fujian [3] - Conversely, bank stocks declined, with Chongqing Bank leading the losses, and the public utilities sector weakened, with Lianmei Holdings (600167) nearing the daily limit down [3] - The tourism, hotel, and traditional Chinese medicine sectors experienced notable declines [3]

资金净流入 涨幅榜 5日涨幅ł 保险 林木 能源设i +5.80% +2.939 +3.87% 包装 基本金属 券商 +2.67% +2.61% +2.579 | 上证指数 | 深证成指 | 北证5C | | --- | --- | --- | | 3902.81 | 13147.68 | 1408.3 | | +27.01 +0.70% +140.96 +1.08% +21.06 +1 | | | | 科创20 | 创业板指 | 万得全/ | | 1326.10 | 3109.30 | 6250.6 | | -0.06 0.00% +41.81 +1.36% +70.62 +1 | | | | 沪深300 | 中证500 | 中证A5( | | 4584.54 | 7097.84 | 5513.7 | | +37.97 +0.84% +85.03 +1.21% +52.00 +0 | | | | 中证1000 | 中证2000 | 中证红 | | 7342.49 | 3100.31 | 5557.9 | | +93.84 +1.29% +56.78 +1.87% +5.01 +0 | | | A股三大指数今 ...

A股三大指数今日探底回升，截至收盘，上证指数涨0.7%，深证成指涨1.08%，创业板指涨1.36%，北证 50涨1.52%。沪深京三市全天成交额17390亿元，较上日放量1773亿元。全市场超4300只个股上涨。板 块题材上，保险、互联网金融等非银金融板块午后异动拉升，有色金属、可控核聚变、福建自贸区、商 业航天板块涨幅居前；银行板块跌幅居前。盘面上，非银金融板块午后表现强势，保险方向领涨，中国 太保、中国平安涨超5%；多元金融、互联网金融冲高，赢时胜、瑞达期货盘中涨停。稀土永磁板块走 高，宁波韵升涨停。有色金属板块全天强势，精艺股份、闽发铝业涨停。可控核聚变走高，西部材料、 冰轮环境等涨停。银行板块表现稍逊，重庆银行跌超3%。 ...

Investment Rating - The report rates the real estate industry as "Outperform" [1] Core Insights - The report highlights the increasing attention on bank-supplied housing, primarily due to the ongoing downturn in the real estate market, which has led to declining prices and heightened market concerns [12][28] - It emphasizes that the increase in bank-supplied housing is a response to rising non-performing asset pressures and is part of banks' routine asset disposal operations aimed at liquidity recovery [12][28] - The report suggests that the impact of bank-supplied housing on the overall real estate market is limited, with a small market share and low transaction volumes [28] Summary by Sections 1. What is Bank-Supplied Housing? - Bank-supplied housing refers to properties acquired by banks through the disposal of non-performing loans, which are then sold or rented out directly by the banks [11][12] - The main sources of these properties include loans defaulted by individuals or companies, leading to the banks taking ownership [11][12] 2. Recent Trends in Bank-Supplied Housing - The number of bank-supplied housing listings has increased, with 16,000 units listed in 2024, a 73% year-on-year increase, and 14,000 units in the first ten months of 2025, showing a 4% increase from 2024 [22][27] - However, the total volume remains significantly lower than that of auctioned properties, with bank-supplied housing listings being less than one-eighteenth of auctioned properties [22][28] 3. Distribution and Characteristics of Bank-Supplied Housing - The majority of bank-supplied housing is concentrated in lower-tier cities, with first-tier cities accounting for only 0.6% of listings [30][31] - The properties are predominantly unfinished (59%) or simply decorated (38%), with only 3% being fully furnished [40][48] - A significant portion (86%) of the listings is priced below 1 million yuan, reflecting the current market conditions [47][49] 4. Transaction Dynamics - The transaction rate for bank-supplied housing is low, with only 7% of the 14,000 units listed in the first ten months of 2025 being sold, compared to 20% for auctioned properties [28] - Most transactions occur at or near the starting price, indicating a market heavily influenced by price sensitivity [28] 5. Investment Recommendations - The report suggests focusing on three main lines of investment: 1. Companies with stable fundamentals and high market shares in core cities, such as Binjiang Group and China Merchants Shekou [28] 2. Smaller firms that have shown significant breakthroughs in sales and land acquisition since 2024, like Poly Real Estate Group [28] 3. Commercial real estate companies exploring new consumption scenarios and operational models, such as China Resources and Swire Properties [28]