重要内容提示： 被担保人名称：汇恒（天津）航运租赁有限公司（以下简称"汇 恒租赁"）、汇运（天津）航运租赁有限公司（以下简称"汇运租 赁"），均为江苏金融租赁股份有限公司（以下简称"公司"）在 境内保税地区设立的全资项目公司。 证券代码：600901 证券简称：江苏金租 公告编号：2026-003 江苏金融租赁股份有限公司 关于为项目公司提供担保的公告 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。 | 序号 | 被担保人 | 本次担保额度 | 累计担保余额 | | --- | --- | --- | --- | | | | （美元） | （含本次） | | 1 | 汇恒租赁 | 5,700,000 | 5,700,000 | | 2 | 汇运租赁 | 28,980,000 | 28,980,000 | 本次担保金额及已实际为其提供的担保余额： 本次担保是否有反担保：否 对外担保逾期的累计数量：无 一、担保情况概述 1 （一）担保基本情况 近日，公司分别与中国民生银行股份有限公司南京分行（以下 简称"民生银行"）、江苏银行股 ...

Core Viewpoint - The diversified financial sector experienced a significant increase of 2.12% on January 6, with Yuexiu Capital leading the gains, while the Shanghai Composite Index rose by 1.5% and the Shenzhen Component Index increased by 1.4% [1] Group 1: Market Performance - The closing price of Yuexiu Capital was 66.8, reflecting a rise of 4.66% with a trading volume of 1.5541 million shares and a transaction value of 1.372 billion [1] - Lakala's closing price was 27.53, up by 4.60%, with a trading volume of 1.1559 million shares and a transaction value of 3.17 billion [1] - Nanhua Futures closed at 20.39, increasing by 3.66%, with a trading volume of 145,600 shares and a transaction value of 294 million [1] Group 2: Capital Flow - The diversified financial sector saw a net inflow of 97.8627 million from main funds, while retail investors experienced a net outflow of 70.4892 million [1] - Yuexiu Capital had a main fund net inflow of 97.1413 million, with retail investors showing a net outflow of 80.4966 million [2] - Hainan Huatie recorded a main fund net inflow of 77.1252 million, while retail investors faced a net outflow of 79.0077 million [2]

Group 1 - The company, Jiangsu Jinzhong, announced on January 5 that it has signed a guarantee contract with China Minsheng Bank's Nanjing branch to provide guarantees for financing related to Huayu Leasing and Huiyong Leasing [1] - Huayu Leasing and Huiyong Leasing are wholly-owned project companies established by the company for cross-border ship leasing business in bonded areas, approved by the Jiangsu Regulatory Bureau of the former China Banking and Insurance Regulatory Commission [1] - As of the announcement date, the company's total external guarantee balance, including this contract, amounts to approximately RMB 3.828 billion, which represents 15.86% of the company's audited net assets as of December 31, 2024 [1] Group 2 - The company is actively engaging in the leasing industry, particularly in cross-border ship leasing, indicating a strategic focus on expanding its business operations [1] - The partnership with China Minsheng Bank suggests a strengthening of financial support for the company's leasing projects, which may enhance its operational capabilities [1]

证券代码：600901 证券简称：江苏金租 公告编号：2026-002 附件： 江苏金融租赁股份有限公司 特此公告。 江苏金融租赁股份有限公司董事会 2026 年 1 月 6 日 关于选举第四届董事会职工董事的公告 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。 近日，江苏金融租赁股份有限公司（以下简称"公司"）召 开第二届职代会第十六次会议，民主选举张永飞先生担任公司第 四届董事会职工董事（简历详见附件）。张永飞董事任职资格自 国家金融监督管理总局江苏监管局核准后生效，任期自监管机构 核准其任职资格之日起至第四届董事会届满之日止。 张永飞先生担任职工董事后,公司第四届董事会中兼任公司 高级管理人员以及由职工代表担任的董事，总计未超过公司董事 总数的二分之一,符合相关法律法规的要求。 职工董事简历 张永飞先生，回族，1984 年 1 月出生，中共党员，硕士研 究生学历，中级经济师，拥有法律职业资格、银行从业资格（中 级）、董事会秘书资格。2009 年 7 月至 2015 年 2 月，任江苏金 融租赁股份有限公司风险管理部主管 ...

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。 重要内容提示： 证券代码：600901 证券简称：江苏金租 公告编号：2026-001 江苏金融租赁股份有限公司 关于为项目公司提供担保的公告 被担保人名称：汇裕（天津）航运租赁有限公司（以下简称"汇 裕租赁"）、汇永（天津）航运租赁有限公司（以下简称"汇永租 赁"），均为江苏金融租赁股份有限公司（以下简称"公司"）在 境内保税地区设立的全资项目公司。 | 序号 | 被担保人 | 本次担保额度 | 累计担保余额 | | --- | --- | --- | --- | | | | （美元） | （含本次） | | 1 | 汇裕租赁 | 5,400,000 | 5,400,000 | | 2 | 汇永租赁 | 9,600,000 | 9,600,000 | 本次担保金额及已实际为其提供的担保余额： 本次担保是否有反担保：否 对外担保逾期的累计数量：无 一、担保情况概述 1 （一）担保基本情况 近日，公司与中国民生银行股份有限公司南京分行（以下简称 "民生银行"）签订《保证合同》，为 ...

Group 1 - The core viewpoint is that 2026 will be a crucial year for China's economic work, marking the beginning of the "15th Five-Year Plan" and the transition to a period of solid foundation and comprehensive efforts [1] - Analysts from ten major securities firms provide insights on market trends, industry allocations, and major investment opportunities for 2026, aiming to clarify the investment landscape for investors [1] Group 2 - CITIC Securities predicts that A-share company profit growth will show a trend of low growth initially followed by a recovery [2] - The market is expected to be influenced by the US-China trade agreement and the US midterm elections, with three phases of market performance anticipated [4] - Key investment themes include global pricing power in manufacturing, the expansion of Chinese companies overseas, the continuation of the tech trend with AI, and the potential recovery of domestic demand [4] Group 3 - CICC highlights that the restructuring of international order and China's industrial innovation will support A-share performance, with a market trend of initial growth followed by stabilization [5] - Analysts suggest focusing on growth sectors such as AI applications, industries benefiting from external demand, and cyclical sectors nearing recovery [7] Group 4 - GF Securities indicates that the A-share market is likely to maintain a "slow bull" pattern, with corporate profit structures undergoing significant changes [8][10] - The expected nominal GDP growth for China in 2026 is projected to reach 6.45%, significantly higher than in 2025, supporting the overall improvement in corporate profits [21] Group 5 - Analysts from various firms suggest that the market will shift from valuation-driven to profit-driven dynamics, with traditional and emerging industries contributing to profit recovery [15][17] - The focus on new production capabilities and the impact of policies like "anti-involution" are expected to improve competition in traditional industries and boost domestic demand [17] Group 6 - Analysts predict that more industries will enter a profit recovery phase in 2026, with nominal economic recovery and price increases being the most evident trends [18][20] - UBS forecasts that A-share company profit growth could rise to 8% due to improved nominal GDP growth and the narrowing of PPI declines [32] Group 7 - Analysts recommend focusing on four main investment themes: technological self-reliance, consumer sector recovery, "anti-involution" related sectors, and the global competitiveness of Chinese companies [34] - The market is expected to maintain a balanced style between growth and value, with cyclical sectors likely to outperform defensive sectors as the economy recovers [34]

Investment Rating - The report maintains a positive outlook on the investment banking and brokerage industry, indicating a "Look Favorably" rating [8] Core Insights - The non-bank financial sector has shown weak overall performance this week, with the China Securities Regulatory Commission (CSRC) implementing multiple measures to promote high-quality development in the capital market, including new regulations on fund sales and the introduction of commercial real estate investment trusts (REITs) [2][4] - The insurance sector is expected to see improved return on equity (ROE) and valuation recovery, supported by trends such as the migration of deposits and increased equity allocation [4] - The report recommends focusing on companies with stable profit growth and dividend rates, such as Jiangsu Jinzhong, China Ping An, and China Pacific Insurance, while also highlighting the potential of New China Life, China Life, Hong Kong Exchanges and Clearing, CITIC Securities, Dongfang Caifu, Tonghuashun, and Jiufang Zhitu Holdings based on performance elasticity and valuation [4] Summary by Sections Market Performance - The non-bank financial index decreased by 1.8% this week, underperforming the CSI 300 by 1.3%, ranking 27th out of 31 sectors [5] - Year-to-date, the non-bank financial index has increased by 10.1%, but still lags behind the CSI 300 by 7.6%, ranking 20th out of 31 sectors [5] Key Industry News & Company Announcements - The CSRC has issued several important announcements, including the launch of commercial real estate REITs and revisions to fund sales regulations, aimed at enhancing the capital market [6] - Notable company announcements include Nanjing Securities completing a private placement of approximately 713 million A-shares, increasing its total share capital, and Guoyuan Securities planning to transfer its stake in Anyuan Fund to related parties [6] Insurance Sector Insights - In November 2025, the insurance industry achieved a cumulative premium income of 57,629 billion, reflecting a year-on-year increase of 7.56%, with life insurance premiums growing by 9.06% [22][23] - The total assets of the insurance sector reached 40.65 trillion, with life insurance companies holding 35.75 trillion, indicating a stable asset allocation [26][27] Brokerage and Investment Business - The brokerage sector has seen a recovery in trading activity, with average daily trading volume reaching 21,283.16 billion, up 8.30% week-on-week [41] - Equity market performance has been declining, with the CSI 300 index down 0.59% and the ChiNext index down 1.25% [45] - Margin financing has increased, with a balance of 2.56 trillion, reflecting a 0.39% week-on-week rise [49] Capital Market Financing - In December 2025, equity financing reached 663.12 billion, a 30.9% increase, while bond financing totaled 7.34 trillion, up 4.0% [53] - The report anticipates an increase in stock underwriting volumes due to new refinancing regulations, while bond underwriting will be influenced by interest rate changes [53]

非银金融 2026 年 01 月 04 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% 2025-01 2025-05 2025-09 非银金融 沪深300 相关研究报告 《保险公司资负管理办法发布，明确 监 管 指 标 和 阈 值 — 行 业 周 报 》 -2025.12.21 《美联储降息利好券商海外业务，新 规规范基金销售 — 行 业 周 报 》 -2025.12.14 《券商杠杆上限有望松绑，险企调降 风 险 因 子 释 放 资 金 — 行 业 周 报 》 -2025.12.7 看好券商和保险开门红行情，公募销售费新规落地 ——行业周报 | 高超（分析师） | 卢崑（分析师） | 张恩琦（联系人） | | --- | --- | --- | | gaochao1@kysec.cn | lukun@kysec.cn | zhangenqi@kysec.cn | | 证书编号：S0790520050001 | 证书编号：S0790524040002 | 证书编号：S0790125080012 | 周观点：看好券商和保险开门红行情，公募销售费新规落地 元旦假期 ...

Group 1 - Jiangsu Financial Leasing Co., Ltd. (江苏金租) reported a stock price increase of 1.31%, reaching 6.21 CNY per share, with a total market capitalization of 35.967 billion CNY as of December 31 [1] - The company, established on April 23, 1988, and listed on March 1, 2018, specializes in financing leasing services, with revenue contributions from various sectors including infrastructure (21.29%), transportation (20.28%), and energy & environmental protection (19.20%) [1] - The company is headquartered in Nanjing, Jiangsu Province, at Financial City, 99 Jialingjiang East Street, Jianye District [1] Group 2 - HSBC Jintrust Fund has a significant holding in Jiangsu Financial Leasing, with its fund increasing its stake by 118,300 shares to a total of 426,300 shares, representing 4.35% of the fund's net value [2] - The fund, HSBC Jintrust Small Cap Low Volatility Stock A (009658), has a current size of 53.2754 million CNY and has achieved a year-to-date return of 6.23% [2] - The fund manager, Liu Yuliang, has been in charge for 2 years and 45 days, with the best fund return during his tenure being 36.02% [2]

Investment Rating - The industry investment rating is "Buy" [3] Core Insights - The digital RMB introduces new functions such as value storage and interest-bearing capabilities, providing a complete monetary function and ensuring wallet balances are classified as "commercial bank liabilities" protected by deposit insurance, fundamentally changing its previous status as merely "digital cash" [1] - On the operational level, a "one global account" dual-layer architecture clarifies that commercial banks are the service and responsibility entities, allowing digital RMB deposits to be included in asset-liability management (after reserve requirements) for lending, addressing the previous lack of motivation for banks to promote it [1] - From a regulatory perspective, bank-like operating institutions are included in the reserve requirement system, while non-bank payment institutions are subject to a 100% margin requirement, effectively preventing financial disintermediation and shadow banking risks. Concurrently, eight departments jointly issued opinions to support the construction of the new western land-sea corridor, further expanding the application boundaries of digital RMB and proposing integrated solutions for "payment settlement + financing + tax refunds" based on smart contracts, leveraging its core advantages of "payment as settlement and low cost" [1] Summary by Sections Personal Users - The interest-bearing feature directly enhances the willingness to hold digital RMB, making digital RMB wallets equivalent to "interest-bearing demand deposit accounts," which, combined with deposit insurance, significantly boosts the activity and usage rate of personal wallets [2] Enterprises - The instant cross-border payment feature is well-suited for high-frequency scenarios such as bulk commodity trading and cross-border trade, greatly shortening settlement cycles. Smart contract technology supports automated processing of financing and tax refund processes, reducing manual intervention and compliance costs, particularly benefiting small and micro enterprises in expanding cross-border business [2] Financial Institutions - Commercial banks gain a new source of funds and can develop comprehensive financial products around interest-bearing wallets, enriching their business ecosystem [2] Macro Level - The activation of financial IT services, hardware terminal manufacturing, and scenario operation services markets will lead to concentrated demand for bank system upgrades, payment terminal transformations, and smart contract development, driving revenue growth across related industry chains [2] Data Insights - As of November 2025, the cumulative transactions of digital RMB reached 3.48 billion, amounting to 16.7 trillion yuan, with 230 million personal wallets and 18.84 million corporate wallets. The multilateral central bank digital currency bridge processed cross-border payments totaling 387.2 billion yuan, with digital RMB transactions accounting for 95.3% [9]