人民财讯10月31日电，近日出版发行的《党的二十届四中全会〈建议〉学习辅导百问》，对"如何理解 大力发展科技金融、绿色金融、普惠金融、养老金融、数字金融"作出回答。 该解答指出，下一步，需要完善政策体系，强化正向激励，提升服务能力，进一步增强金融支持的强 度、可持续性和专业化水平。其中，强化对金融机构的正向激励。要科学设计、精准实施再贷款等结构 性货币政策工具，研究建立金融"五篇大文章"综合考核评价制度，加大专项金融债券发行，引导金融机 构加大信贷资源投入和优化信贷结构。加强金融政策与科技、产业、财政等政策协同，健全标准体系和 信息共享、融资对接等支持配套机制，优化金融"五篇大文章"领域贷款风险分担机制，发挥政府性融资 担保体系增信分险作用。 ...

Core Viewpoint - The Bank of Communications Hainan Branch has launched an innovative "Finance + Cultural Tourism" initiative to celebrate the Chongyang Festival, aiming to promote respect for the elderly while providing financial education and cultural experiences for senior clients [1][3]. Group 1: Event Overview - From October 27 to 29, the bank organized four themed events titled "Tea Rhythm Chongyang - Bus Journey," inviting elderly clients to enjoy a specially designed sightseeing bus tour, where they could taste local Hainan dad tea and enjoy performances of local songs [3]. - The activities included sightseeing, cultural introductions, and quiz games, allowing participants to appreciate Hainan's intangible cultural heritage in a relaxed atmosphere [3]. Group 2: Financial Services Integration - During the events, bank staff acted as guides and financial advisors, addressing seniors' concerns about retirement financial products and risk prevention, thereby enhancing their understanding and application of financial knowledge [3][5]. - The successful execution of these activities exemplifies the bank's innovative approach to retirement financial services, addressing the challenges posed by an aging population [5]. Group 3: Future Plans and Services - The bank has developed a comprehensive retirement financial service system, branded as "Wealth Abundance, Happy Retirement, Enjoying Four Seasons," tailored to the local characteristics of Hainan [5]. - Under the "Bank of Communications Hainan Branch Retirement Financial Action Plan (2024-2025)," the bank has introduced specialized loan products such as "Elderly Business Development Loan" and "Elderly Assistance Loan," along with subsidies to meet diverse client needs [5]. - The bank is also enhancing its online and offline financial services, including a senior-friendly mobile banking interface and personalized pension planning based on clients' financial situations [6].

Core Viewpoint - Postal Savings Bank of China (PSBC) has reported a steady growth in revenue and net profit for the first three quarters of 2025, emphasizing its commitment to strategic upgrades, innovation, and risk management while aiming to become a leading large retail bank with a focus on inclusivity and stability [2][3]. Financial Performance - For the first three quarters of 2025, PSBC achieved operating income of CNY 265.08 billion, a year-on-year increase of 1.82% [3] - Net profit reached CNY 76.794 billion, reflecting a growth of 1.07% year-on-year [3] - The net interest margin stood at 1.68%, maintaining an excellent industry level, with net interest income showing quarterly improvement [3] - Non-interest income grew by 11.48%, with other non-interest income increasing by 27.52% [3] Risk Management - As of September 2025, the non-performing loan (NPL) ratio was 0.94%, continuing a long-standing low trend [4] - The core Tier 1 capital adequacy ratio improved to 10.65%, up by 1.09 percentage points from the previous year [4][5] Asset and Liability Management - PSBC's loans increased by CNY 742.689 billion, with corporate loans rising by 17.91% [6] - Deposits grew by CNY 928.903 billion, a 6.08% increase, with corporate deposits up by 12.19% [6] - The average interest rate on interest-bearing liabilities decreased to 1.22%, down by 25 basis points from the previous year [6] Strategic Initiatives - PSBC is enhancing its service model to support rural finance, small and micro enterprises, and green finance, with significant loan balances in these areas [7][8] - The bank has established technology finance departments in six major cities to support innovation in the tech sector, with technology loans exceeding CNY 940 billion [8] - PSBC is actively promoting consumption through targeted loan policies, resulting in a significant increase in non-housing consumer loans [10] Organizational Development - The bank is implementing "Five Major Actions" and "Seven Major Reforms" to optimize its operational structure and enhance competitiveness [11][13] - Focus areas include improving service efficiency in urban and rural areas, enhancing digital banking capabilities, and fostering a collaborative environment for corporate clients [12][13] Future Outlook - PSBC aims to align its strategies with national economic goals and enhance its role in supporting the real economy while contributing to financial stability [13]

Core Insights - Postal Savings Bank of China reported a revenue of 265.08 billion yuan for Q3 2025, a year-on-year increase of 1.82% [1] - The net profit reached 76.794 billion yuan, reflecting a growth of 1.07% compared to the previous year [1] - The bank's non-performing loan ratio remained low at 0.94%, indicating stable asset quality [1] - The core Tier 1 capital adequacy ratio improved to 10.65%, up 1.09 percentage points from the end of the previous year, supporting robust operations [1] Financial Performance - Operating income for Q3 2025 was 2650.80 billion yuan, with a net interest margin of 1.68% [1] - The bank's net profit was 767.94 billion yuan, showing a modest increase of 1.07% year-on-year [1] - The bank's non-performing loan ratio stood at 0.94%, maintaining a low level [1] - The core Tier 1 capital adequacy ratio was reported at 10.65%, an increase of 1.09 percentage points from the previous year [1] Business Development - The bank is accelerating the innovation of inclusive financial services, focusing on key areas such as food security and rural development [2] - It has reached nearly 1.7 million small and micro enterprises, with total credit exceeding 1 trillion yuan [2] - Agricultural loan balance reached 2.47 trillion yuan, while inclusive small and micro enterprise loans amounted to 1.75 trillion yuan [2] Technological Advancements - The bank is enhancing its technology finance service system, establishing specialized departments in six major cities [2] - The balance of technology loans surpassed 940 billion yuan by the end of September [2] - The bank launched a series of services under "Postal Savings + Financial Management," catering to the entire lifecycle of enterprises [2] Green Finance Initiatives - The bank is actively promoting green finance, with a green loan balance of 999.28 billion yuan, a year-on-year increase of 16.32% [3] - It invested 500 million yuan in green bond funds during the third quarter [3] Pension Financial Services - The bank is developing a comprehensive pension service model, serving over 300 million clients aged 55 and above [3] - It has issued over 130 million financial social security cards, with a stable growth in personal pension contributions [3] Digital Financial Services - The bank has launched its third-generation core fund business system, reducing transaction approval time by 97% [3] - A new generation of fund clearing systems has been implemented, improving efficiency by nearly 50 times [3]

Core Insights - The central financial work conference held at the end of October 2023 emphasized the importance of "five major areas" in finance: technology finance, green finance, inclusive finance, pension finance, and digital finance [1] Group 1: Non-Bank Financial Institutions' Role - Non-bank financial institutions have focused on serving the real economy by leveraging their unique advantages in technology empowerment, green transformation, and inclusive financial services [1] - These institutions have actively participated in the entire lifecycle of technology innovation and high-end manufacturing, particularly in new energy, new materials, and information technology sectors [1] Group 2: Inclusive Finance Initiatives - Non-bank institutions have developed innovative inclusive financial products targeting small and micro enterprises, with a total of 1.6 trillion yuan directed towards inclusive finance [2] - Consumer finance companies have served over 85.43 million clients in rural areas, enhancing the accessibility of financial services [2] Group 3: Pension Finance Development - Non-bank institutions have integrated resources to enhance the pension service chain, establishing 1,148 pension-related projects with an investment of 14.493 billion yuan [2] Group 4: Digital Transformation - Non-bank institutions have made significant strides in digital transformation, with a focus on data value extraction and operational efficiency [3] - As of the end of 2024, consumer finance companies have secured 1,242 technology patents, supporting their digital transition [3] Group 5: Regulatory Framework - The regulatory environment for non-bank institutions has been strengthened with new policies aimed at ensuring compliance while allowing for innovation [4] - Future developments in policy will further enhance the professional capabilities of non-bank institutions, enabling them to contribute to high-quality economic growth [4]

Core Viewpoint - Agricultural Bank of China (ABC) reported a positive financial performance for the first three quarters of 2025, with synchronized growth in operating income, pre-provision profit, post-provision profit, and net profit, establishing a solid foundation for annual performance growth [1][5] Financial Performance - For the first three quarters, ABC achieved operating income of 550.88 billion yuan, a year-on-year increase of 1.97%, and a net profit attributable to shareholders of 220.86 billion yuan, up 3.03% year-on-year [1] - Net interest income was 427.31 billion yuan, impacted by a 2.40% year-on-year decline due to a narrowing net interest margin [1] - Non-interest income, particularly net fee and commission income, reached 69.88 billion yuan, growing 13.34% year-on-year, becoming a significant driver for revenue improvement [1][3] Asset and Liability Management - As of the end of September, ABC's total assets were 48.14 trillion yuan, an 11.33% increase from the end of the previous year, with total loans amounting to 26.99 trillion yuan, up 8.36% [1] - Total liabilities reached 44.96 trillion yuan, a 12.01% increase, while deposit balances grew by 5.82% to 32.07 trillion yuan [1] Market Performance - ABC's market capitalization reached 2.74 trillion yuan, leading among the four major state-owned banks, with A-shares increasing over 57% year-to-date, making it the best-performing bank stock in the market [2] Non-Interest Income Growth - The rapid growth of non-interest business has been crucial in offsetting pressure from interest margins, with a focus on wealth management and consumer finance [3] - The net interest margin was reported at 1.30%, a decrease of 12 basis points year-on-year, but the decline has shown signs of stabilization [3] County-Level Business and Rural Support - As a key player in rural finance, ABC's county-level loan balance reached 10.90 trillion yuan, accounting for over 40% of domestic loans, with a growth rate of 10.57% year-on-year [7] - Loans directed towards key rural revitalization areas, food security, and rural construction have seen significant increases, with food supply-related loans growing by 25.1% [7] Technological and Green Finance Initiatives - ABC's technology loan balance exceeded 4.7 trillion yuan, with the issuance of 20 billion yuan in technology innovation bonds [8] - Green loan balance reached 5.8 trillion yuan, with 66 billion yuan in green finance bonds issued, leading the industry in issuance scale [8] - Inclusive finance initiatives have also been strong, with a balance of 4.33 trillion yuan in inclusive loans and a significant increase in the number of small and micro enterprise clients [8]

东莞中行大楼。 近年来，中国银行东莞分行（以下简称"东莞中行"）始终以老年客户核心需求为导向，持续探索养老金 融服务新路径，全力打造有温度、接地气的老年金融服务模式。 优化服务体验 为"金色晚年"筑牢金融保障 在服务体验上，东莞中行聚焦老年人"急难愁盼"，将便民细节落到实处。在营业网点配备老花镜、放大 镜等助老物资，设置无障碍通道，让"助老优先"成为服务常态。 针对老年群体金融知识薄弱、易受诈骗的痛点，该行常态化开展"金融知识进社区"等活动，用通俗易懂 的语言讲解银行卡安全使用、防范电信诈骗等知识，手把手帮助老年人守护好"钱袋子"。 对于行动不便的特殊老年客户，该行主动延伸服务触角，提供上门了解需求、解决需求等定制化服务， 确保金融服务"不漏一户、不落一人"。 此外，在产品创新层面，积极帮助客户了解个人养老专属存款产品，兼顾安全性与收益性，为居民养老 资产配置提供更多选择。一系列贴心的老年金融服务模式的开展，受到市民广泛好评。 为尽快解决客户难题，该行当即开启"绿色通道"，一方面将情况及时上报分行业务条线管理部门，加快 系统比对核实，另一方面安抚客户，收集客户资料，加快业务办理。在核实相关信息后，该行工作人员 ...

Core Viewpoint - The National Financial Regulatory Administration has issued a notice to promote the healthy development of pension financial products, aiming to provide high-quality and diverse financial services for the elderly population and support the high-quality development of the silver economy [1][2]. Group 1: Expansion of Pension Financial Products - The pilot areas for pension financial products will be expanded nationwide, with a trial period of three years [2]. - The pilot institutions will include wealth management companies that have been in operation for over three years and meet prudent management conditions [2]. - The pilot quota will be increased to five times the net capital of each pilot institution after deducting risk capital from the previous year's end balance [2]. Group 2: Product Design and Services - The notice emphasizes the combination of investing in physical assets and human capital, supporting wealth management companies to invest in long-term quality assets that match pension characteristics [2]. - Companies are encouraged to enhance the design of pension financial products and diversify service offerings, including pension financial accounts and advisory services [2]. Group 3: Risk Management and Compliance - Wealth management companies are required to strengthen their risk prevention responsibilities, improve product information disclosure, and enhance investor experience [3]. - A prudent investment strategy should be maintained, and a risk resolution mechanism should be established to ensure stable product operation [3]. - Information disclosure and data exchange for pension financial products will be managed through the banking industry’s wealth management registration and custody center [3].

Core Viewpoint - The expansion of the pilot program for pension financial products from a local to a national level marks a significant step in developing China's pension financial service system, aiming to address the aging population and meet the growing demand for retirement wealth management [4][5][9] Summary by Sections Pilot Program Expansion - The pilot program for pension financial products has been officially expanded nationwide, aligning with the implementation scope of the personal pension system, with a trial period set for three years [3][4] - The number of participating institutions and funding limits have also been increased, allowing financial companies that meet specific criteria to raise funds up to five times their net capital after deducting risk capital [3][4] Product Features and Innovations - The new policy encourages the issuance of long-term pension financial products with a minimum holding period of five years or a term of over ten years, enhancing product innovation and flexibility [4][7] - Financial companies are supported in creating personalized pension accounts for investors, which will help track their holdings and assist in retirement planning [7][8] Long-term Investment Focus - The policy emphasizes the importance of long-term investment and value investment principles, requiring financial companies to establish robust long-term assessment mechanisms [8][9] - It aims to guide investors towards a sustainable pension planning approach, encouraging them to convert their long-term savings into pension financial products [9]

《通知》提出，稳步扩大养老理财产品试点。自《通知》印发之日起，养老理财产品试点地区扩大至全 国，试点期限三年。试点机构扩大至符合开业满三年、经营管理审慎等条件的理财公司。试点额度提高 至各试点机构上年末净资本扣除风险资本后余额的五倍，金融监管总局可以根据审慎监管原则进行调 整。 《通知》明确，坚持投资于物和投资于人紧密结合。支持理财公司投资与养老特征相匹配的长期优质资 产，加大对健康产业、养老产业和银发经济的支持力度。支持理财公司完善养老理财产品设计，丰富产 品形态，为投资者提供养老理财账户、养老理财顾问咨询、信息查询等多样化养老金融服务。支持理财 公司在风险可控前提下，综合考虑养老理财产品所投资资产的风险收益特征与投资者的风险偏好，实现 经济效益与社会效益相统一。 《通知》强调，压实理财公司风险防控主体责任。在产品端，加强产品信息披露和风险提示，完善收费 模式，增强投资者投资体验。在投资端，坚持审慎稳健的投资策略，健全风险化解机制，促进产品稳健 运行。养老理财产品和个人养老金理财产品信息披露、信息交互和数据交换应当通过银行业理财登记托 管中心理财行业平台进行。 10月30日，国家金融监督管理总局（以下简称" ...