Summary of China People's Insurance Group Conference Call Company Overview - **Company**: China People's Insurance Group (中国人保) - **Period**: First half of 2025 Key Financial Metrics - **Premium Income**: CNY 454.6 billion, up 6.4% year-on-year [2][5] - **Investment Scale**: Exceeded CNY 1.7 trillion, up 7.2% [2] - **Net Profit**: CNY 26.5 billion, up 16.9% [3] - **Total Investment Income**: CNY 41.5 billion, a historical high [3] - **Consolidated Net Assets**: CNY 389.5 billion, up 6.1% [3][6] - **Core Solvency Ratio**: 219% [6] - **Comprehensive Solvency Ratio**: 276% [6] Business Performance Property and Casualty Insurance - **Service Revenue**: Increased by 5.6% year-on-year [2] - **Net Profit**: Increased by 34% [2] - **Comprehensive Cost Ratio**: 95.3%, down 1.5 percentage points [2] - **Auto Insurance Premiums**: Increased by 3.4% [2] - **Non-auto Insurance Premiums**: Increased by 16.6% [2] Life and Health Insurance - **Service Revenue**: Increased by 13.2% year-on-year [2] - **Net Profit**: Increased by 49.6% [2] - **Contract Service Margin**: Increased by 14.6% [2] - **Return on Equity**: Increased by 3.2 percentage points [2] Strategic Initiatives - **New Business Value**: CNY 8.8 billion, a historical high [3] - **Focus on High-Quality Development**: Emphasis on enhancing insurance functions and risk management [11][12] - **Digital Transformation**: Implementation of AI in underwriting and claims management [35] Industry Trends and Challenges - **Non-auto Insurance Regulation**: New regulations expected to improve profitability in the non-auto sector [14] - **Natural Disaster Impact**: Significant losses from natural disasters, but overall losses decreased by 39.9% year-on-year [23][24] - **Investment Strategy**: Focus on long-term investments and high-dividend stocks to mitigate market volatility [25][38] Future Outlook - **Growth in New Energy Vehicle Insurance**: Projected export volume to exceed 1 million units, a growth of over 70% [15][16] - **Continued Focus on High-Quality Development**: Plans to enhance service capabilities and expand into new markets [12][45] - **Sustainability Initiatives**: Commitment to green finance and technology-driven insurance solutions [8][9] Additional Insights - **Risk Management**: Enhanced risk assessment and compliance culture [7] - **Customer Base**: Service to 317 million individual clients and 7.94 million institutional clients [7] - **Community Support**: Active involvement in disaster relief and insurance coverage for major disasters [7] This summary encapsulates the key points from the conference call, highlighting the financial performance, strategic initiatives, industry trends, and future outlook of China People's Insurance Group.

Core Viewpoint - Qingdao Bank's 2025 semi-annual report showcases significant growth in revenue and net profit, reflecting a strong operational performance amid a focus on quality and risk management [1][3]. Financial Performance - Revenue for the first half of 2025 reached 7.662 billion yuan, a year-on-year increase of 7.50% [2]. - Net profit amounted to 3.152 billion yuan, representing a year-on-year growth of 16.25% [1][2]. - Total assets stood at 743.028 billion yuan, up 7.69% from the end of the previous year [1]. - The weighted average return on equity was 15.75%, an increase of 0.41 percentage points year-on-year [2]. - The non-performing loan ratio decreased to 1.12%, down 0.02 percentage points from the end of the previous year [1][3]. - Provision coverage ratio improved to 252.80%, up 11.48 percentage points [1][3]. - Capital adequacy ratio was reported at 13.52% [1]. Asset Quality and Risk Management - Qingdao Bank has successfully reduced its non-performing loan ratio while increasing its provision coverage, indicating strong risk management practices [3]. - The bank's focus on maintaining high asset quality has allowed for sustainable profit growth [3]. Lending and Support for the Real Economy - As of the end of the reporting period, the bank's corporate loan balance was 292.612 billion yuan, an increase of 30.258 billion yuan, or 11.53% [4]. - Over 70% of the bank's credit resources are directed towards enterprises, aligning with the financing needs of small and medium-sized enterprises in Shandong [4]. - The bank's investment in corporate bonds increased significantly by 71.41% to 26.810 billion yuan [4]. Innovation and Service Expansion - Qingdao Bank has made strides in technology finance, with a 20.85% increase in technology financial loans, reaching 31.225 billion yuan [5]. - The bank's green loan balance grew by 38.18% to 51.609 billion yuan, exceeding the average loan growth rate [7]. - The bank's retail banking segment reported a revenue of 1.675 billion yuan, accounting for 21.87% of total revenue [8]. International Business and Financial Instruments - The bank issued 82 debt financing instruments, raising 53.143 billion yuan, a year-on-year increase [14]. - Qingdao Bank has enhanced its international business capabilities, achieving a 35.04% increase in transaction banking revenue [9]. Recognition and Future Outlook - Qingdao Bank was included in the 2025 Fortune China 500 list, marking a significant recognition of its comprehensive strength [7]. - The bank aims to continue its high-quality development by enhancing risk management and customer insights [14].

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 賴該等內容而引致的任何損失承擔任何責任。 Bank of Qingdao Co., Ltd.* 青 島 銀 行 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 ） （H股股份代號：3866） 海外監管公告 承董事會命 青島銀行股份有限公司* 景在倫 董事長 中國山東省青島市 2025年8月28日 於本公告日期，董事會包括執行董事景在倫先生、吳顯明先生、陳霜女士及劉 鵬先生；非執行董事周雲傑先生、Rosario Strano先生、譚麗霞女士、Giamberto Giraldo先生及鄧友成先生；獨立非執行董事邢樂成先生、張旭先生、張文礎先 生、杜寧先生及范學軍先生。 * 青島銀行股份有限公司並非一家根據銀行業條例（香港法例第155章）之認可機構，並不受 限於香港金融管理局的監督，亦不獲授權在香港經營銀行及╱或接受存款業務。 青岛银行股份有限公司 （A 股证券代码：002948） 本公告乃根 ...

来源：上海证券报·中国证券网 上证报中国证券网讯（记者 陈佳怡）8月28日晚间，上海银行披露2025年半年度报告。报告期内，该行 实现营业收入273.44亿元，同比增长4.18%；归属于母公司股东的净利润132.31亿元，同比增长2.02%。 资产规模方面，截至报告期末，上海银行资产总额32937.14亿元，较上年末增长2.08%。该行聚焦主责 主业，加大科技金融、普惠金融、绿色金融等重点领域贷款投放力度，截至报告期末客户贷款和垫款总 额14369.84亿元，较上年末增长2.22%；聚焦存款拓展，深化客户经营和综合化金融服务，报告期末存 款总额17813.66亿元，较上年末增长4.17%。 资产质量总体平稳。截至报告期末，上海银行不良贷款率1.18%，与上年末持平。资本水平充足，截至 报告期末，该行资本充足率14.62%，一级资本充足率11.67%，核心一级资本充足率10.78%，分别较上 年末提升0.41个百分点、0.43个百分点、0.43个百分点。 ...

Core Viewpoint - Shanghai Bank has demonstrated steady growth in various business segments, focusing on digital transformation, risk management, and enhancing service quality to support the real economy and achieve sustainable development [1][2][3]. Financial Performance - As of June 30, 2025, Shanghai Bank's total assets reached CNY 32,937.14 billion, a 2.08% increase from the previous year [2]. - Customer loans and advances totaled CNY 14,369.84 billion, up 2.22% year-on-year [2]. - Total deposits amounted to CNY 17,813.66 billion, reflecting a 4.17% growth [2]. - The bank reported operating income of CNY 273.44 billion, a 4.18% increase, and a total profit of CNY 159.65 billion, up 4.20% [2]. - Net profit attributable to shareholders was CNY 132.31 billion, a 2.02% increase, with basic earnings per share at CNY 0.93, up 2.20% [2]. - As of June 30, 2025, net assets attributable to shareholders were CNY 2,634.88 billion, a 3.66% increase [2]. Asset Quality and Capital Levels - The non-performing loan (NPL) ratio remained stable at 1.18%, unchanged from the previous year [3]. - Core Tier 1 capital adequacy ratio was 10.78%, Tier 1 capital adequacy ratio was 11.67%, and total capital adequacy ratio was 14.62%, all showing improvements from the previous year [3]. Shareholder Returns - The bank has increased its dividend payout ratio to 32.22% for the mid-year dividend in 2025, following previous increases in cash dividend ratios over the past three years [4]. Strategic Initiatives - Shanghai Bank is focusing on developing a technology-driven financial service system, particularly in supporting strategic emerging industries and small and medium-sized enterprises (SMEs) [5][6]. - The bank's technology loan issuance increased by 13.67% year-on-year, with a total technology loan balance growing by 8.05% [6]. - Inclusive finance initiatives saw a 7.59% increase in loan issuance, with the total balance reaching CNY 1,447.46 billion [9]. Green Finance Development - The bank is enhancing its green finance services, with green loan issuance growing by 3.88% year-on-year and the total balance increasing by 8.01% [10]. Elderly Financial Services - Shanghai Bank has positioned itself as a "Pension Financial Service Expert," with pension customers reaching 1.5941 million, maintaining the largest market share in Shanghai [11][13]. Digital Transformation - The bank is advancing its digital finance capabilities, with significant improvements in online services and customer engagement, including a 7.96% increase in online financing services for SMEs [14]. Regional Development Support - Shanghai Bank is actively supporting the integration of the Yangtze River Delta region, with over CNY 180 billion allocated to major projects in the first half of 2025 [15]. Real Estate and Consumer Finance - The bank has increased its housing mortgage loan issuance by 6.44% year-on-year, with a focus on supporting consumer demand in the real estate market [21].

Core Viewpoint - Zhejiang Commercial Bank's 2025 interim report highlights its commitment to long-termism and risk management, achieving stable operations despite industry challenges, with total assets reaching 3.35 trillion yuan, a 0.63% increase from the previous year [1][3]. Group 1: Financial Performance - The bank reported operating income of 33.248 billion yuan, with net profit attributable to shareholders at 7.667 billion yuan, reflecting a decrease of 5.76% and 4.15% year-on-year, respectively [1][6]. - The non-performing loan ratio improved to 1.36%, down by 0.02 percentage points from the previous year, indicating enhanced asset quality [1][4]. Group 2: Asset and Liability Management - As of June 30, total assets reached 3.35 trillion yuan, with loans and advances totaling 1.89 trillion yuan, a 1.69% increase year-on-year, driven by increased credit to the real economy [3][4]. - The bank's total liabilities grew to 3.14 trillion yuan, a 0.62% increase, with deposits surpassing 2 trillion yuan, reflecting a 7.47% increase [4]. Group 3: Strategic Initiatives - The bank is focusing on a "low-risk, balanced return" asset strategy, optimizing its asset-liability structure while enhancing service to the real economy [3][6]. - A new three-year action plan (2025-2027) has been launched to deepen its presence in Zhejiang, with financing services in the province reaching 1.12 trillion yuan, exceeding last year's total [3][4]. Group 4: Business Segments Performance - The corporate banking segment contributed 57% of total revenue, with a net increase of 66.8 billion yuan in corporate deposits [7]. - The retail banking segment showed positive momentum, with assets under management (AUM) exceeding 700 billion yuan and retail sales commissions increasing by 36% year-on-year [7]. Group 5: Future Outlook - The bank plans to maintain strategic focus and enhance financial services to the real economy, leveraging digital transformation and differentiated service offerings [9][10].

Core Insights - The company reported a solid recovery in operations, with a revenue of 14.215 billion yuan and a net profit of 3.830 billion yuan for the first half of 2025, reflecting year-on-year growth of 8.14% and 3.61% respectively [1][2] - The bank is focusing on serving the real economy and national strategies, with significant loan growth in key sectors such as technology innovation, advanced manufacturing, and green development [1][2] - Cost efficiency has improved, with a cost-to-income ratio of 32.17%, down 4.10 percentage points year-on-year [1][2] Financial Performance - For the first half of 2025, the bank achieved a total asset scale of 1.82 trillion yuan and total liabilities of 1.71 trillion yuan [2] - The bank's non-interest income reached 6.169 billion yuan, showing a year-on-year increase of 21.81%, indicating an improved revenue structure [9] - The bank's deposit interest rate was 2.03%, down 33 basis points year-on-year, reflecting effective cost control measures [10] Strategic Focus Areas - The bank is committed to enhancing financial services for the real economy, focusing on five key areas to drive high-quality development [3][4] - In technology finance, the bank has increased its loans to tech enterprises to 71.252 billion yuan, a 51.28% increase from the previous year [4] - Green loans reached 49.902 billion yuan, up 15.02% year-on-year, with significant investments in green bonds [5] Risk Management and Capital Adequacy - The bank has strengthened its risk management, achieving a provision coverage ratio of 159.70%, an increase of 4.51 percentage points since the beginning of the year [11] - Capital adequacy ratios are robust, with total capital adequacy at 11.24%, and core tier 1 capital at 8.39%, enhancing the bank's resilience [11] Future Outlook - The bank aims to maintain a long-term value orientation amidst short-term fluctuations, focusing on core strengths and resilience for sustainable high-quality development [9] - The bank plans to continue optimizing its business structure and enhancing its service quality to better align with the needs of the real economy [11]

中国银行业协会于近日发布《中国资产托管行业发展报告（2025）》。报告显示，资产托管机构正从传 统的"资本市场看门人"角色向综合服务供应商方向转型，科技金融的发展也在不断推动托管业务数智化 赋能。截至2024年末，中国银行业资产管理类产品托管规模为182.20万亿元，较上年末增长12.64%；资 管产品营运外包业务规模8.88万亿元。 ...

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，概不就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的任何損失承擔任何責任。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：6099） 海外監管公告 2025米年度报告 2025米年度报告 企业文化共识 【使命】 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條規則作出。 茲載列招商證券股份有限公司在上海證券交易所網站刊登之《招商證券股份有限公司2025 年半年度報告》，僅供參閱。 承董事會命 招商證券股份有限公司 霍達 董事長 中國深圳，2025年8月28日 於本公告日期，本公司執行董事為霍達先生及朱江濤先生；本公司非執行董事為羅 立女士、劉振華先生、劉輝女士、李德林先生、李曉霏先生、黃堅先生、張銘文先 生及丁璐莎女士；以及本公司獨立非執行董事為葉熒志先生、張瑞君女士、陳欣女 士、曹嘯先生及豐金華先生。 CMS 12 招商证券 股票代码: 600999 服务国家科技自立自强 助力社会财富保值增值 【愿景】 打造中国 ...

Core Viewpoint - Huaxia Bank has reported a steady performance in the first half of 2025, focusing on sustainable development and enhancing support for key economic sectors, while achieving improvements in its global ranking and maintaining stable asset quality [1][2]. Financial Performance - Total assets reached CNY 4,549.63 billion, an increase of 3.96% from the end of the previous year [1] - Total loans amounted to CNY 2,417.10 billion, up by 2.15% year-on-year [1] - Total deposits were CNY 2,323.16 billion, reflecting a growth of 7.99% compared to the previous year [1] - Operating income was CNY 45.52 billion, a decrease of 5.86% year-on-year [2] - Net profit attributable to shareholders was CNY 11.47 billion, down by 7.95% year-on-year [2] - Non-performing loan ratio remained stable at 1.60% [2] Business Structure Optimization - Increased support for key sectors such as private economy, manufacturing, and rural revitalization, with significant growth in loans to technology enterprises and green loans [3] - Loans to technology enterprises grew by 32.31% year-on-year, with a total balance of CNY 210.53 billion [5] - Green loan balance reached CNY 332.91 billion, up by 16.79% from the previous year [6] Profitability Structure Optimization - Net income from fees and commissions increased by 2.55% to CNY 3.10 billion [4] - Business and management expenses decreased by 0.66% to CNY 13.21 billion [4] - Cost-to-income ratio improved to 29.01%, down by 0.79 percentage points [4] Strategic Initiatives - Continued implementation of the "Five Major Articles" strategy to enhance financial services in key areas [5] - Strengthened technology finance initiatives, with a focus on credit resources for technology enterprises [5] - Expanded green finance capabilities, including a partnership with the Asian Development Bank for a sovereign loan project [6] - Enhanced inclusive finance efforts, particularly for small and micro enterprises, with a loan balance of CNY 643.28 billion, up by 6.94% [7] Digital Transformation - Accelerated digital and intelligent transformation, improving operational efficiency and customer service through technology [13] - Enhanced data management and sharing practices to support business development and risk management [13][14] Risk Management and Compliance - Strengthened comprehensive risk management and asset quality control, maintaining a stable risk profile [15] - Improved internal governance and compliance management systems to ensure regulatory adherence [16]