Core Viewpoint - CICC reported a significant increase in net profit for Q3, with a 2.5 times year-on-year growth, reflecting strong performance across its main business segments [1][2]. Financial Performance - For the first nine months of the year, CICC achieved operating revenue of 20.76 billion yuan, a year-on-year increase of 54.36%, and a net profit attributable to shareholders of 6.57 billion yuan, up 129.75% [1][2]. - In Q3 alone, the company recorded revenue of 7.93 billion yuan, a 74.78% increase year-on-year, and a net profit of 2.24 billion yuan, which represents a 254.93% increase [1][2]. - CICC's total assets reached 764.94 billion yuan, growing by 13.37% compared to the end of the previous year [1]. - Cash flow from operating activities improved significantly, with a net cash flow of 62.70 billion yuan, up 157.26% year-on-year [2]. Business Segments - All main business segments of CICC showed revenue growth, with brokerage business net income increasing by over 70% [1][4]. - In Q3, net income from brokerage was 4.52 billion yuan, up 76.31%; investment banking fees were 2.94 billion yuan, up 42.55%; and asset management fees were 1.06 billion yuan, up 26.61% [4]. - Self-operated income for the first three quarters reached 10.97 billion yuan, a 46.99% increase year-on-year [5]. Investment Banking Strength - CICC's investment banking business continued to demonstrate competitive advantages, successfully managing significant IPOs, including SANY Heavy Industry's record-breaking listing in Hong Kong [1][6]. - The SANY IPO had a pre-green shoe issuance size of 1.73 billion USD and a post-green shoe size of 1.99 billion USD, marking it as the largest IPO in the engineering machinery sector [6]. - CICC also facilitated the dual listing of Hesai Technology, which was the largest IPO in the global lidar industry [7]. - The company ranked first in various financing categories, including global equity financing for Chinese enterprises and A-share IPO underwriting [8]. International and ESG Initiatives - CICC has been actively involved in international projects, supporting initiatives like the Belt and Road and promoting the internationalization of the RMB [8]. - The company has also made strides in green finance, leading in the issuance of green and ESG bonds [8].

海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 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，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 中國光大銀行股份有限公司 中國光大銀行股份有限公司 China Everbright Bank Company Limited China Everbright Bank Company Limited （於中華人民共和國註冊成立的股份有限公司） （於中華人民共和國註冊成立的股份有限公司） （股份代號：6818） （股份代號：6818） 茲載列中國光大銀行股份有限公司在上海證券交易所網站刊登的《中國光大銀行股份有限 公司2025年第三季度報告（A股）》，僅供參閱。 中國光大銀行股份有限公司 董事會 中國 • 北京 2025年10月30日 於本公告日期，本公司執行董事為郝成先生、齊曄女士及楊兵兵先生；非執行董事為 吳利軍先生、崔勇先生、曲亮先生、朱文輝先生、姚威先生、張銘文先生及李巍先生； 以及獨立非執行董事為邵瑞慶 ...

Core Insights - The article highlights the successful implementation of a "loan-equity linkage" financial service model by Industrial Bank's Changsha branch, which provided a 5 million yuan loan to a technology company in Hunan, showcasing an innovative solution to the financing challenges faced by tech enterprises [1][2] Group 1: Financial Innovation - The "loan-equity linkage" model combines credit lending with equity investment, achieving a cross-cycle balance of risk and return, and offering comprehensive financial support throughout the lifecycle of technology companies [1] - This approach allows for credit approval based on the assessment of a company's core technology value and growth potential, rather than relying on traditional asset collateral [1] Group 2: Company Profile - The recipient company is a leading player in the low-code digital transformation sector, having developed the "Wanying Low-Code" platform, which integrates cloud-native and multi-end technologies, covering the entire software application lifecycle [1] - The platform has created nearly 200 industry-specific smart solutions and has served over 10 million government and enterprise clients [1] Group 3: Strategic Direction - Industrial Bank is actively responding to the call for high-quality development in the technology finance sector, aiming to establish technology finance as its "fourth business card" [2] - The bank plans to continue leveraging innovative financial tools like "loan-equity linkage" to provide multi-level financial services to more technology companies, thereby accelerating the rise of new productive forces [2]

Core Viewpoint - Jiangsu Bank has made significant progress in its high-quality development journey by focusing on a stable risk control system, simultaneous growth in scale and efficiency, and innovative management practices [1] Financial Performance - For the third quarter of 2025, Jiangsu Bank reported operating income of 67.183 billion yuan, a year-on-year increase of 7.83%, and net profit attributable to shareholders of 30.583 billion yuan, up 8.32% year-on-year [3] - The annualized ROE was 15.87% and annualized ROA was 0.96%, with a non-performing loan ratio of 0.84%, marking a historical low [3] - The bank's risk coverage ratio stood at 322.62%, indicating strong risk mitigation capabilities [3] Revenue Composition - Jiangsu Bank achieved net interest income of 49.868 billion yuan, a year-on-year increase of 19.61%, and fee and commission income of 5.421 billion yuan, up 7.88% [4] - The bank's total assets reached 4.93 trillion yuan, with loan balances of 2.47 trillion yuan (up 17.87% year-to-date) and deposit balances of 2.54 trillion yuan (up 20.22% year-to-date) [4] Corporate Lending Growth - As of September, corporate loan balances reached 1.6641 trillion yuan, a year-on-year increase of 26.26%, while corporate deposit balances were 1.4028 trillion yuan, up 20.75% [7] - Jiangsu Bank is committed to enhancing financial services in key areas such as technology, green finance, and inclusive finance [8] Retail Banking Development - Jiangsu Bank's retail assets under management (AUM) surpassed 1.6 trillion yuan, with an increase of nearly 200 billion yuan, leading among city commercial banks [11] - The bank's subsidiary, Su Yin Wealth Management, has assets exceeding 800 billion yuan, maintaining its position as the top wealth management subsidiary among city commercial banks [11] Asset Quality and Risk Management - Jiangsu Bank's non-performing loan ratio was 0.84%, down 0.05 percentage points from the beginning of the year, reflecting a consistent improvement in asset quality [13][14] - The bank has implemented reforms in its risk management system, enhancing its risk control capabilities [14] Market Position and Recognition - Jiangsu Bank has gained significant attention in the capital market, with nearly 70 research reports published by analysts this year [16] - The bank ranked 56th in the "Global 1000 Banks" list, improving by 10 positions from the previous year, and was ranked 162nd in the "Fortune" China 500 list [16]

截至报告期末，本行不良贷款余额910.09亿元，较上年末增加106.90亿元；不良贷款率0.94%，较上年 末上升0.04个百分点。关注类贷款余额1,334.12亿元，较上年末增加490.84亿元；关注类贷款占比 1.38%，较上年末上升0.43个百分点。逾期贷款余额1,227.36亿元，较上年末增加170.45亿元；逾期率 1.27%，较上年末上升0.08个百分点。拨备覆盖率240.21%，较上年末下降45.94个百分点。2025年1-9 月，年化不良贷款生成率0.93%。本行核心一级资本充足率10.65%，较上年末上升1.09个百分点；一级 资本充足率12.23%，较上年末上升0.34个百分点；资本充足率14.66%，较上年末上升0.22个百分点，均 满足监管要求。 截至报告期末，本行资产总额186,056.53亿元，较上年末增加15,207.43亿元，增长8.90%。客户贷款总 额96,558.91亿元，较上年末增加7,426.89亿元，增长8.33%，同比多增1,122.09亿元，其中个人贷款 48,623.37亿元，较上年末增加907.54亿元，增长1.90%，主要是本行充分发挥零售银行战略优势，紧 ...

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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條刊登。茲載列 該公告（於上海證券交易所網站刊登）如下，僅供參閱。 特此公告。 中國建設銀行股份有限公司 董事會 2025年10月30日 於本公告日期，本行的執行董事為張金良先生、張毅先生和紀志宏先生，本行的 非執行董事為辛曉岱女士、劉芳女士、李璐女士、李莉女士和竇洪權先生，本行 的獨立非執行董事為威廉 • 科恩先生、梁錦松先生、詹誠信勛爵、林志軍先生和 張為國先生。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） (A joint stock company incorporated in the People's Republic of China with limited liability) （股份代號：00939） 2025年第三季度報告 中国建设银行股份有限公司（"本行"）董事会及全体董事保证 ...

Core Viewpoint - The collaboration among Li Auto, PICC Beijing Branch, Yuanbao Technology, and Shanghai Vehicle Inspection aims to innovate insurance solutions for high-level intelligent assisted driving, responding to the strategic deployment of financial technology and the evolving policies in the automotive industry [1][2]. Group 1: Industry Context - Intelligent driving is identified as a core engine for the transformation and upgrading of the automotive industry, significantly contributing to the integration of artificial intelligence and automotive innovation for high-quality development [1]. - Since 2025, China's intelligent assisted driving technology has accelerated, with the government actively promoting the development of the intelligent connected vehicle industry through various policies [1]. Group 2: White Paper Characteristics - The white paper is the first systematic research focusing on high-level intelligent assisted driving insurance, addressing the current immaturity of insurance products and lack of systematic solutions in this field [2]. - It features foresight and originality, filling a research gap in risk protection and product innovation for high-level intelligent assisted driving insurance, and aims to influence the formulation of related standards and policies [2]. - The white paper is comprehensive, covering industry trends, legal regulations, consumer rights, insurance development paths, risk management technologies, and pricing models, establishing a solid foundation for future financial product optimization [2]. Group 3: Practicality and Collaboration - The white paper's compilation involved collaboration among automakers, insurance companies, and third-party technology platforms, integrating practical experiences and expertise from various sectors [3]. - The proposed solutions are based on industry practices and aim to promote cross-industry collaboration, enhancing the operational feasibility and industry guidance value of the insurance products [3]. - The release of the white paper is expected to fill the gap in high-level intelligent assisted driving insurance policies and product development in China, supporting the implementation of industry policies and responding to the requirements of "financial technology" [3].

Core Viewpoint - The development of the technology finance system in China has made significant progress, yet challenges such as financing difficulties and high costs for technology-based SMEs remain unresolved, necessitating improved financial empowerment mechanisms [1] Group 1: Theoretical Mechanisms of Financial Empowerment - The evolution of credit mechanisms is crucial for addressing financing challenges, requiring a shift from traditional asset-based evaluations to models that incorporate R&D investment, market prospects, and intellectual property [2] - The concept of "patient capital" aligns with the long cycles of technological innovation, emphasizing the need for long-term investment that tolerates extended return periods [3] - A systemic integration of finance and technology is essential, advocating for a financial system that supports all stages of the innovation chain [4] Group 2: Practical Pathways for Technology Finance Support - Credit support has evolved with specialized institutions and innovative products, including long-term loans tailored to R&D cycles [5] - Technology insurance products are being developed to mitigate risks associated with high uncertainty in tech activities, providing a safety net for innovative enterprises [6] - Capital markets are being enhanced to facilitate direct financing for tech firms, with regulatory adjustments allowing unprofitable companies to issue stocks [7] - Knowledge property financing is gaining traction, enabling tech firms to leverage intangible assets for loans, significantly benefiting SMEs [8] - Government-led venture capital funds are mobilizing social capital towards tech innovation, focusing on early-stage investments [9] - Financial infrastructure and regulatory frameworks are being strengthened to support sustainable development in technology finance [10] Group 3: Existing Issues and Improvement Strategies - There are significant barriers in policy implementation, market supply-demand mismatches, and insufficient financial products tailored to tech innovation needs [11][12] - Recommendations include enhancing policy execution, creating intelligent financial service platforms to reduce information asymmetry, and improving risk-sharing mechanisms [13][14] - Financial institutions are encouraged to develop innovative products that cater to the diverse needs of tech enterprises, ensuring access to appropriate financing tools at various growth stages [15]

中新网太原10月30日电 (记者 杨杰英)记者从中国人民银行山西省分行获悉，截至2025年8月末，全省科 技金融、绿色金融、普惠金融、养老金融、数字金融"五篇大文章"贷款余额达1.56万亿元，同比增长 14.7%，高于同期各项贷款增速7.4个百分点，金融服务实体经济质效持续提升。 今年以来，中国人民银行山西省分行着力构建金融"五篇大文章"政策体系，形成了具有山西特色 的"1+5"政策框架。该行信贷政策管理处副处长张旭梅表示，这一政策体系为金融服务山西经济转型高 质量发展提供了明确指引和有力保障。 在结构性货币政策工具的精准引导下，山西省金融机构积极运用科技创新和技术改造再贷款、碳减排支 持工具等多种政策工具，带动相关领域贷款投放约645亿元。推动央行资金与地方财政资金协同支持， 有效发挥财政补贴和风险补偿作用，切实带动金融"五篇大文章"相关领域信贷投放。 各重点领域信贷投放呈现齐头并进的良好态势。数据显示，科技金融、绿色金融、普惠金融、养老金融 和数字金融贷款均保持较快增长，同比增速分别达到10.6%、18.4%、17.9%、13.7%和31%，展现出金 融对经济转型升级的全面支撑作用。 为提升金融服务精准度 ...

Core Viewpoint - Xiamen Bank reported a steady growth in its financial performance for the third quarter of 2025, with total assets reaching 442.558 billion yuan, a year-on-year increase of 8.52% [1][2]. Financial Performance - As of the end of September, total loans and advances amounted to 234.524 billion yuan, up 14.15% from the end of the previous year, and total deposits reached 238.098 billion yuan, reflecting an 11.18% increase [1][2]. - The bank's operating income for the third quarter was 4.287 billion yuan, a year-on-year growth of 3.02%, while net profit attributable to shareholders was 1.939 billion yuan, up 0.25% [2][3]. - The net interest income was 3.091 billion yuan, showing a year-on-year increase of 3.63%, and net commission income reached 332 million yuan, with a growth rate of 16.04% [2]. Risk Management - Xiamen Bank maintained a low non-performing loan ratio of 0.80% and a provision coverage ratio of 304.39%, indicating strong asset quality and risk management capabilities [3]. - The bank's total liabilities were 409.452 billion yuan, reflecting a 9.06% increase from the previous year [2]. Shareholder Returns - The bank announced a mid-term dividend plan, proposing a cash dividend of 1.40 yuan per 10 shares, totaling 369 million yuan, which represents 31.91% of the net profit for the first half of 2025 [1][3]. - Since its listing, Xiamen Bank has consistently maintained a dividend payout ratio exceeding 30% for four consecutive years [3]. Strategic Focus - Xiamen Bank has emphasized its commitment to supporting the real economy, focusing on inclusive finance, technology finance, and green finance to enhance service quality and efficiency [4][5][6]. - The bank has actively supported small and micro enterprises, with over 4900 clients benefiting from its financing initiatives [5]. - In the green finance sector, the bank has increased its lending to sustainable projects and achieved a 10.7% year-on-year growth in green credit clients [6]. Future Outlook - Xiamen Bank aims to continue its high-quality development path by deepening its market segmentation and enhancing its financial services to contribute to regional economic growth [6].