12月18日，海南自贸港正式启动全岛封关运作。中国证券报记者注意到，银行保险业机构积极布局海南 自贸港，通过创新产品服务、提供风险保障等支持海南自贸港建设。多家金融机构表示，下一步，将围 绕海南构建"4+5+3+2"现代化产业体系的发展需要，加大对重点领域的金融服务力度。 金融机构争相落子 近日，工银金租首个境内管理型项目公司工银租赁（海南）有限公司开业仪式在海口市举行，这是首批 在海南自贸港注册的金融租赁管理型项目公司之一。此前，国内首家金融租赁管理型项目公司浦银（海 南）租赁有限公司已成功落地海南。 为迎接海南自贸港封关运作，银行保险业机构持续加大投入，积极拓展在琼业务。 银行业方面，广发银行海口分行、汇丰银行海口分行等近年来相继开业。近日，海南省发展控股有限公 司与交通银行、招商银行、平安银行、渤海银行等多家银行总行签署战略合作协议，在综合授信、交易 结算、产业协同等方面开展深度合作。 保险机构也加快在琼设立分支机构。近年来，泰康养老海南分公司、太平财险海南分公司、安盟财险海 南分公司、紫金财险海南分公司等相继开业；2023年，中国渔业互助保险社海南分社开业，成为海南首 家相互保险组织。 相关数据显示， ...

● 本报记者 陈露 12月18日，海南自贸港正式启动全岛封关运作。中国证券报记者注意到，银行保险业机构积极布局海南 自贸港，通过创新产品服务、提供风险保障等支持海南自贸港建设。多家金融机构表示，下一步，将围 绕海南构建"4+5+3+2"现代化产业体系的发展需要，加大对重点领域的金融服务力度。 金融机构争相落子 近日，工银金租首个境内管理型项目公司工银租赁（海南）有限公司开业仪式在海口市举行，这是首批 在海南自贸港注册的金融租赁管理型项目公司之一。此前，国内首家金融租赁管理型项目公司浦银（海 南）租赁有限公司已成功落地海南。 为迎接海南自贸港封关运作，银行保险业机构持续加大投入，积极拓展在琼业务。 为支持海南自贸港封关运作，2023年中国人民银行制定了海南自贸港资金"电子围网"建设方案，部署在 海南建设多功能自由贸易账户（EF账户）。此类账户自2024年5月上线以来持续扩面增量。 同时，多家银行针对企业需求推出定制化金融产品，例如结合海南的旅游业、现代服务业、高新技术产 业和热带特色高效农业四大主导产业特点，创新推出一系列特色信贷产品，开设融资绿色通道。 保险机构围绕海南自贸港建设中的特殊风险保障需求，推出多项 ...

｜2025年12月17日 星期三｜ NO.1 中信证券：预计美联储将在明年1月暂停降息 12月17日，银河证券指出，当前环境下，中长期资金加速入市，市场活跃度维持高位，资本市场展现 出"健康牛"态势，财富管理转型、国际业务拓展、金融科技赋能均有望成为行业提升ROE驱动力。当前 板块估值处于历史低位，防御反弹攻守兼备。 NO.3 华西证券：科技轮动缺位时，关注消费板块高低切逻辑 12月17日，中信证券研报称，2025年11月美国新增非农就业人数和失业率均超预期。10月新增非农就业 人数大幅减少，原因是部分接受"延迟辞职"方案的美国联邦政府雇员退出了工资单，导致政府部门拖累 整体读数。鲍威尔给非农"官方打折"，11月新增非农就业谈不上强劲。"低招聘"延续，但"低裁员"在10 月和11月有所变化。不过就12月美股公司提到"Job Cuts"的次数来看，裁员规模并未恶化。若12月失业 率不继续上升，则预计美联储仍会认为政策利率"well positioned"。中信证券维持此前观点，预计美联 储将在明年1月暂停降息。 NO.2 银河证券：证券板块估值处于历史低位 12月17日，华西证券研报指出，对于股市而言，科技轮动 ...

| 序号 证券代码 证券简称 | | 区间涨跌幅 | | | --- | --- | --- | --- | | | | [区间首日] 本年初 [区间尾日] 最新收盘日 | | | 11 | 399975.SZ 证券公司 | [単位] % ↑ | 2.0366 | | 2 000001.SH 上证指数 | | | 16.3715 | | 3 399001.SZ 深证成指 | | | 27.8629 | | 4 399006.SZ 创业板指 | | | 49.8417 | 注：券商ETF被动跟踪中证全指证券公司指数，该指数基日为2007.6.29，发布于2013.7.15。中证全指证 券公司指数2020~2024年年度涨跌幅分别为16.55%、-4.95%、-27.37%、3.04%、27.26%。指数成份股构 成根据该指数编制规则适时调整，其回测历史业绩不预示指数未来表现。 然而上周五到本周一的涨势，以及今日的活跃表现，再度引发了市场对券商板块投资机会的热议。作 为"牛市旗手"的券商板块能否再度爆发？ 分析认为，国家"稳增长、稳股市"、"提振资本市场"的政策目标将持续定调板块未来走向，流动性适度 宽松环境延续 ...

人民财讯12月10日电，银河证券认为，国家"稳增长、稳股市"、"提振资本市场"的政策目标将持续定调 证券板块未来走向，流动性适度宽松环境延续、资本市场环境持续优化、投资者信心重塑等多方面因素 共同推动证券板块景气度上行。当前环境下，中长期资金加速入市，市场活跃度维持高位，资本市场展 现出"健康牛"态势，财富管理转型、国际业务拓展、金融科技赋能均有望成为行业提升ROE驱动力。当 前板块估值处于历史低位，防御反弹攻守兼备。建议关注综合实力强劲的头部券商，以及在财管、自 营、跨境等业务领域具备差异化竞争优势的券商。 ...

Core Viewpoint - The new "National Nine Articles" policy has elevated wealth management capabilities from an "add-on" to a "must-answer question" for the high-quality development of securities firms, emphasizing the importance of focusing on core business and serving residents' wealth growth [2] Group 1: Awards Overview - The 2025 Golden Unicorn Best Wealth Management Institution selection has been officially launched by Sina Finance, aiming to identify industry benchmarks excelling in comprehensive strength, growth speed, digital integration, and ecological innovation [2] - This year's selection has been upgraded to include eight major awards, focusing on various dimensions such as comprehensive strength, growth momentum, technological empowerment, and ecological construction [2] Group 2: Award Categories - The eight award categories include: - 2025 Golden Unicorn · Best All-Round Wealth Management Institution: Recognizes firms leading in asset scale, business structure, service quality, and brand reputation [3] - 2025 Golden Unicorn · Best Wealth Management Growth Institution: Acknowledges firms demonstrating exceptional growth potential and resilience [3] - 2025 Golden Unicorn · Best AI and Large Model Application Award: Focuses on the application breadth and depth of AI and large models in intelligent advisory and decision support [3] - 2025 Golden Unicorn · Best Digital Service Platform Award: Rewards firms that successfully build one-stop service platforms driven by data and intelligence [3] - 2025 Golden Unicorn · Best Omni-Channel Traffic Operation Pioneer Award: Recognizes firms that break traditional channels and achieve integration of online and offline operations [3] - 2025 Golden Unicorn · Best Financial Product Ecological Innovation Award: Encourages firms to move beyond single product sales to a more integrated ecological approach [3] - 2025 Golden Unicorn · Best Financial Technology Empowerment Award: Focuses on firms enhancing core backend technology capabilities [4] - 2025 Golden Unicorn · Best Brokerage APP Operation Award: Acknowledges teams that excel in user engagement and service integration through their APP [4] Group 3: Evaluation Criteria - The evaluation of the Best Wealth Management Institution awards will consider various indicators, including brokerage business performance, advisory service status, APP service metrics, and financial product distribution [4] - The final awards will be determined by a combination of investor network voting (40%), business data indicators (40%), and expert reviews (20%) [4]

Core Viewpoint - The article emphasizes the importance of consumer spending as a key driver of economic growth in China, highlighting the various government policies aimed at boosting consumption and the role of financial institutions like Bank of Communications in supporting these initiatives through retail credit services [1][2][3]. Group 1: Government Policies and Economic Context - The Chinese government has prioritized boosting consumption and expanding domestic demand in its economic strategy, with significant policies introduced since March 2023 [1][2]. - The retail credit sector is identified as a crucial component in driving consumption recovery, with various financial support measures implemented by the government [1][3]. - Data indicates that consumer spending has consistently contributed to economic growth, with a projected retail sales total of 48.8 trillion yuan in 2024, reflecting a 3.5% increase from the previous year [2]. Group 2: Bank of Communications' Strategic Response - Bank of Communications has launched initiatives to align with national policies, including the "Support for Boosting Consumption Special Action Plan" to enhance retail credit offerings [2][4]. - The bank is focusing on integrating supply and demand through improved institutional frameworks and leveraging financial technology to reshape its product offerings and service models [1][4]. - The bank's retail credit services are evolving from traditional lending to a more ecosystem-oriented approach, emphasizing customer-centric solutions [3][4]. Group 3: Product Innovations and Service Models - The "Jiaoyin Huidai" personal loan brand was introduced to provide integrated services for both consumer and business loans, addressing diverse customer needs [5][6]. - The bank's service model emphasizes a one-stop solution for various loan products, enhancing customer experience through digital platforms and streamlined processes [6][7]. - Innovations in product design focus on specific consumer scenarios, such as housing, travel, and small business financing, to better meet market demands [6][7]. Group 4: Digital Transformation and Risk Management - The bank is actively pursuing digital transformation to enhance operational efficiency and customer service, utilizing advanced technologies like AI for risk management and service delivery [8][10]. - A comprehensive digital platform has been established to support flexible product customization and rapid response to market changes [10][11]. - The bank is implementing a robust risk management framework that incorporates data analytics and AI to improve risk identification and mitigation strategies [9][16]. Group 5: Future Strategies and Market Expansion - The bank aims to expand its customer base by focusing on new consumer segments, such as new citizens and entrepreneurs, through tailored financial products [14][15]. - Continuous improvement in talent development and risk management practices is emphasized to ensure sustainable growth and high asset quality [14][16]. - The bank's strategic focus includes enhancing service quality in emerging consumption areas and leveraging government policies to drive financial support for key sectors [15][16].

Core Insights - The article discusses the transformation of financial services in county economies through digitalization, focusing on the case of Weiyuan Rural Commercial Bank, which aims to overcome traditional service bottlenecks by implementing a "data-driven + intelligent service" system [1]. Group 1: Digital Transformation - The bank has developed a customer relationship management system that integrates multiple data sources to create precise customer profiles, allowing for targeted marketing and service prioritization [2]. - The system updates customer tags weekly, ensuring that service efforts align with customer needs, resulting in a 100% coverage rate for task assignments and nearly doubling the customer conversion rate compared to traditional methods [2]. Group 2: Efficiency Improvement - The introduction of the customer relationship management system has increased the average number of clients visited by customer managers from 28 to 71 per month, with daily visits rising from 2 to 4-5 clients [3]. - Over 90% of customer managers reported a significant reduction in ineffective visits due to the combination of task lists and customer tags, enhancing the overall customer experience [3]. Group 3: Comprehensive Management - The system allows for real-time tracking of customer interactions, generating key performance indicators such as visit conversion rates and product click-through rates, which aids in service quality improvement [4]. - This closed-loop management system enables a complete cycle from tagging to feedback, enhancing process control and data accumulation for future strategy upgrades [4]. Group 4: Credit Activation - The bank's system identifies dormant credit lines and provides customer managers with detailed information to engage clients effectively, resulting in the activation of 328 credit lines amounting to 52 million yuan, with an average activation amount of 158,000 yuan per client [5]. - The approach has been positively received by clients, who appreciate the targeted service and professional engagement from the bank [5]. Group 5: Overall Impact - The integration of digital profiling, intelligent task assignment, comprehensive management, and credit activation has created a virtuous cycle in financial services, enhancing precision, accessibility, and resource utilization [5].

Core Insights - The 19th Shenzhen International Financial Expo will take place from November 19 to 21, focusing on global financial wisdom and resources for industrial development [1] - The 2025 Greater Bay Area Entrepreneurs Exchange will be launched at the expo, emphasizing themes such as industrial-financial collaboration and enterprises going global [1] - The event aims to provide a high-end dialogue platform for policy interpretation, case sharing, and trend analysis in key areas like technology finance and Greater Bay Area collaboration [1] Group 1: Event Overview - The Shenzhen International Financial Expo has become one of the largest and most comprehensive financial exhibitions in China since its inception, with 18 successful editions [4] - The 2025 Greater Bay Area Entrepreneurs Exchange is a key component of the expo, promoting deep exchanges and cooperation among government, industry, academia, and research sectors [4] - The event is organized by several prestigious institutions, including The Chinese University of Hong Kong (Shenzhen) and Shenzhen Data Economy Research Institute [4] Group 2: Thematic Dialogues - The first thematic dialogue will focus on the resilience of industrial and supply chains in the context of global economic restructuring and the role of financial technology [2] - The second dialogue will explore Hong Kong's pivotal role in the globalization of Chinese enterprises, discussing its advantages in tax systems, legal services, and international standards [2] - The third dialogue will address the challenges and opportunities for Chinese renewable energy companies in their internationalization efforts, emphasizing the application of cutting-edge technologies [3]

Group 1: Industry Overview - The global wealth management industry is experiencing significant trends, with China becoming the second-largest wealth management market, boasting over 300 trillion yuan in investable assets and an asset management scale exceeding 170 trillion yuan [2] - Wealth management plays a crucial role in connecting various sectors and is responsible for serving the real economy and promoting common prosperity [2] Group 2: Company Positioning - CITIC Group has developed into a large-scale, comprehensive multinational enterprise with a focus on both production and finance, leveraging its full financial license advantage and managing nearly 10 trillion yuan in assets [3] - The company has established a strong presence in the Shanghai and Hong Kong markets, actively participating in the "connectivity" mechanism, with over 800 foreign institutions involved in its northbound business [3] Group 3: Strategic Initiatives - CITIC Group aims to enhance its comprehensive financial services to promote global integration in wealth management, focusing on serving the real economy and preventing capital from being misused [4] - The company plans to improve cross-border service capabilities and participate in the construction of the Shanghai International Financial Center, providing efficient financial solutions for global asset optimization [4] - CITIC Group is committed to creating a value co-creation ecosystem by promoting shared research, product co-creation, and risk management, transitioning from single product sales to comprehensive asset allocation [4] - The company emphasizes the importance of technology in enhancing financial services, focusing on the application of big data and AI in investment research and client education [4]