Core Viewpoint - Suzhou Bank has demonstrated strong operational performance and growth, maintaining a customer-centric integrated business strategy while focusing on regional economic development and innovation-driven financial services [1][3][11]. Group 1: Financial Performance - As of the end of 2024, Suzhou Bank's total assets reached 693.71 billion yuan, an increase of 91.87 billion yuan, or 15.27% year-on-year [3]. - The bank's total deposits amounted to 416.97 billion yuan, up by 53.14 billion yuan, reflecting a growth rate of 14.61% [3]. - Total loans stood at 333.36 billion yuan, with an increase of 39.96 billion yuan, marking a growth of 13.62% [3]. - For 2024, the bank achieved an operating income of 12.22 billion yuan, a year-on-year increase of 3.58 billion yuan, or 3.01% [3]. - Net profit reached 5.27 billion yuan, up by 4.76 billion yuan, representing a growth of 9.92% [3]. - By the first quarter of 2025, total assets surpassed 700 billion yuan, reaching 727.15 billion yuan, with a year-to-date increase of 33.44 billion yuan, or 4.82% [4]. Group 2: Risk Management - Suzhou Bank has established a comprehensive risk management system, achieving a non-performing loan ratio of 0.83% by the end of 2024, the lowest since its listing [7][10]. - The bank's provision coverage ratio was 483.50%, indicating strong risk mitigation capabilities [7]. - Core Tier 1 capital adequacy ratio stood at 9.77%, with total capital adequacy at 14.87%, all meeting regulatory requirements [7]. Group 3: Business Strategy - The bank's integrated business strategy focuses on "Technology + Cross-border" and "Livelihood + Wealth," enhancing support for the real economy and increasing service efficiency [1][11]. - In the technology finance sector, Suzhou Bank has developed a range of products tailored for innovative enterprises, with over 12,000 cooperative clients and a total credit amount exceeding 120 billion yuan [12]. - The retail banking segment has introduced the "Su Xin Retail" brand, focusing on pension finance and wealth management, with significant outreach in social security card issuance [13]. Group 4: Market Position and Shareholder Returns - Suzhou Bank has maintained a cash dividend payout ratio exceeding 30% for five consecutive years, with a proposed cash dividend of 2.00 yuan per 10 shares for 2024 [5]. - The bank's commitment to shareholder returns is reflected in its robust profit distribution plan, with a total cash dividend of 1.647 billion yuan for the year [5].

丨证券研究报告丨 行业研究丨行业周报丨软件与服务 [Table_Title] 大厂财报陆续发布，关注云基础资源投资机遇 2025 年第 17 周计算机行业周报 报告要点 [Table_Summary] 上周计算机板块持续震荡调整，小幅反弹 0.80%。在长江一级行业中排名第 18 位，两市成交 额占比为 9.95%，跨境支付及业绩高增标的持续活跃。上周中国人民银行等四部委联合印发了 《上海国际金融中心进一步提升跨境金融服务便利化行动方案》；《车载事故紧急呼叫系统》正 式发布。本周建议关注：1）中国推理算力产业链，重点推荐国内 AI 芯片领军寒武纪；2）云服 务厂商，重点关注与 DeepSeek 合作的相关云厂商，3）IDC，重点关注于腾讯、阿里、字节等 大厂合作的 IDC。 分析师及联系人 [Table_Author] 宗建树 SAC：S0490520030004 SFC：BUX668 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 软件与服务 cjzqdt11111 [Table_Title 大厂财报陆续发布，关注云基础资源投资机遇 2] 2025 年第 17 ...

Core Viewpoint - The company is actively responding to national policies aimed at enhancing cross-border trade and investment, optimizing its cross-border financial service system to support enterprises in seizing global market opportunities and achieving stable growth [1][2][6]. Group 1: Cross-Border Financial Services - The company has developed a comprehensive and multi-layered cross-border financial solution to assist enterprises in navigating global markets [1]. - The "Cross-Border Instant Communication" smart service system has been enhanced, offering nine sub-brands that facilitate various financial operations, achieving a 13% increase in international settlement volume for 2024 [2]. - The implementation of policies for cross-border trade and investment has led to a "one-stop" service for enterprises, significantly reducing operational costs [3]. Group 2: Support for E-commerce - The company has tailored financial services for cross-border e-commerce businesses, launching specialized solutions like "Guangshanghui" and "Guangshangdai" to meet unique market demands [4][5]. - The "Guangshanghui" service provides efficient and transparent payment solutions, addressing the pain points of cross-border e-commerce sellers [4]. - A credit loan scheme based on sales data, with a maximum credit limit of 20 million, has been introduced to alleviate financing challenges for e-commerce enterprises [5]. Group 3: Internationalization and Global Market Participation - The company is committed to supporting enterprises in both "bringing in" and "going out" by optimizing its cross-border financial services [6]. - Leveraging its geographical advantages, the company promotes cross-border cooperation and offers low-cost financing solutions [6]. - The company has provided overseas loan services for significant projects in various countries, enhancing the global competitiveness of domestic enterprises [6]. Group 4: Innovative Financial Management Solutions - The "Integrated Cross-Border Fund Pool Service" has been introduced to enhance cross-border fund management efficiency, utilizing policy advantages and system functionalities [7]. - This service allows for effective allocation and centralized management of domestic and foreign funds, reducing financial costs and meeting diverse needs of enterprises operating globally [7]. - The company aims to continue optimizing its cross-border financial service system and innovating product offerings to support high-quality development for enterprises in the globalization process [7].

Group 1 - The article highlights the commitment of youth financial professionals at the Suqian branch of the Industrial and Commercial Bank of China (ICBC) in contributing to rural revitalization, financial security, and cross-border services, guided by the spirit of the May Fourth Movement [1][6] - The youth at ICBC are actively engaging in various sectors, showcasing their dedication and responsibility as representatives of a state-owned bank [1][6] Group 2 - Ge Yuanqiang, a corporate client manager at the Suqian branch, emphasizes the importance of understanding rural needs to provide suitable financial products and services, reflecting a hands-on approach to rural finance [3][4] - Ge has successfully assisted rural clients, such as a large-scale agricultural producer, in obtaining loans that have led to increased production and improved quality of agricultural products [4][5] Group 3 - Hong Gai Kuo, an international business foreign exchange manager, has played a significant role in expanding cross-border financial services, contributing to the growth of international business clients at the Suqian branch [8][9] - Under her management, the Suqian branch achieved a 25% net increase in international business clients by the end of 2024, leading the province in client coverage [10] Group 4 - Zhou Miaomiao, a personal client manager, has focused on providing elderly-friendly financial services, reflecting the bank's commitment to inclusivity in financial services [12][13] - Zhou's efforts in enhancing elderly care services have earned her recognition as one of the most beautiful bank employees in the region [13][14] Group 5 - Yuan Xin, a credit manager, has been instrumental in developing green finance initiatives, including the innovative "VEP Ecological Restoration Loan," which addresses challenges in financing ecological projects [19][21] - The Suqian branch's green loan business achieved the highest balance in the industry, showcasing its leadership in supporting low-carbon transitions [20][21] Group 6 - Tong Na, a corporate client manager, has dedicated her efforts to supporting small and micro enterprises, successfully facilitating loans for various businesses, including a technology company and a semiconductor firm [25][26] - Her proactive approach and deep understanding of client needs have resulted in significant financial support for local businesses, enhancing the bank's role in promoting inclusive finance [27][28]

Core Viewpoint - 华夏银行 is actively enhancing its services to support the high-quality development of state-owned enterprises (SOEs) in Beijing, aligning with national strategies and the "14th Five-Year Plan" [1][10]. Group 1: Support for SOEs' Internationalization - The bank is facilitating SOEs' international expansion by providing comprehensive financial services, as highlighted by its role in the successful issuance of $9.5 billion in bonds for首创集团 [3]. - 华夏银行 aims to leverage its cross-border financial capabilities, including bond underwriting and trade financing, to support SOEs in their global endeavors [4]. Group 2: Innovation in Financial Products - The bank is focusing on innovation in financial products to empower SOEs' transformation, particularly in the areas of technology, green finance, and inclusive finance [5]. - Specific products such as "科创易贷" and "知识产权贷" are designed to meet the needs of technology-driven enterprises, with significant investments already made in over 10 Beijing-based tech companies [5][6]. Group 3: Collaboration with Government and Enterprises - 华夏银行 is establishing a collaborative framework with key government departments to enhance project financing and support the digital transformation of SOEs [7]. - The bank has successfully implemented digital RMB services for over 30 municipal enterprises, showcasing its commitment to modernizing financial services [7]. Group 4: Commitment to Consumer Finance - The bank is dedicated to enhancing consumer finance in Beijing, launching initiatives to stimulate local consumption and support housing needs for new residents [8][9]. - Programs like "接力贷" and partnerships with e-commerce platforms aim to improve accessibility to loans and promote consumer spending [9]. Group 5: Internal Reforms for High-Quality Development - 华夏银行 is undergoing internal reforms to boost its operational efficiency and market competitiveness, with a focus on enhancing service quality and asset management [10]. - The bank's "京华行动" reform initiative is aimed at aligning its services with the evolving needs of the capital's economy [10].

Core Viewpoint - The article highlights the challenges and opportunities faced by a Guangdong-based kitchen appliance manufacturer as it expands its global presence amidst a complex international trade environment [1][2]. Group 1: Company Overview - The company is a national high-tech enterprise and one of China's top ten kitchen appliance exporters, with products sold in over 100 countries and regions, including Southeast Asia and the United States [1]. - The company is actively expanding its global footprint by investing in a manufacturing facility in Thailand [1]. Group 2: Financial Support and Services - The company faced challenges such as difficulties in cross-border fund transfers and limited overseas financing channels, which were addressed by the Bank of Communications in Foshan [1]. - The bank successfully opened the first Thai baht FTN account for the company, facilitating baht settlement and improving fund utilization efficiency [1]. - In July 2024, the bank helped the company establish a cross-border fund pool for liquidity and exchange rate risk management [1][2]. Group 3: Investment and Growth - The company has successfully remitted nearly 50 million yuan for overseas investment, enabling the timely establishment of its production line in Southeast Asia [2]. - The company's leadership expressed increased confidence in future development due to the comprehensive financial services provided by the bank, viewing finance as a catalyst for growth rather than just a protective measure [2].

Core Insights - The Canton Fair, established in 1957, is China's largest and longest-running international trade event, facilitating over $1.5 trillion in export transactions and attracting nearly 9 million overseas buyers [1] Group 1: Cross-Border Financial Services - Shanghai Pudong Development Bank's Guangzhou branch has significantly increased its cross-border RMB financing scale by 229% year-on-year and cross-border business volume by 18.2% in 2024, supporting high-level foreign trade [1] - The bank has developed a "6+X" cross-border financial service system to address diverse service needs of enterprises, focusing on eight key scenarios in cross-border finance [1] Group 2: E-commerce Support - The "E-commerce e Station" platform launched by the bank offers comprehensive services for cross-border e-commerce, including cross-border foreign exchange collection and settlement for exporters on platforms like Amazon [2] - The platform supports multiple currencies and provides fast T+1 settlement, addressing long settlement cycles and high fees [2] - It integrates fund management and financing modules, allowing real-time fund collection and investment in financial products while maintaining liquidity [2] Group 3: Foreign Exchange Risk Management - The "Puyin Hedging" service provides a comprehensive suite of foreign exchange trading services, enabling clients to conduct transactions online easily and efficiently [3] - The service includes flexible product structures and supports multiple currencies, helping businesses reduce foreign exchange hedging costs [3] - It also offers one-stop hedging services for precious metals and bulk commodities, responding to the needs of various industries [3] Group 4: Support for SMEs - The bank has optimized the credit approval process for small and micro enterprises, introducing the "Puyin Huiyidui" special credit business to facilitate foreign exchange hedging operations [4] Group 5: Services for Foreign Visitors - The bank has established a comprehensive currency exchange network to meet the payment needs of foreign visitors, including 85 branches and 24 currency exchange machines [6] - It provides various payment options for foreign visitors, enhancing the convenience of card transactions in key areas [6] Group 6: Future Outlook - The bank aims to continue innovating cross-border financial products and enhancing digital service capabilities to support foreign trade enterprises and attract overseas businesses [7]

近年来，科创企业掀起了新一轮国际化浪潮。企业"出海"、金融"护航"，在服务科创企业全球国际化的 过程中，如何提升自身"软实力"，提高金融机构与金融人才的国际化？深圳在跨境金融交流中再创新 篇。 近日，"走进日本金融市场——国际金融人才跨境金融专题交流会"在深圳举行。本次会议汇聚了来自深 圳与日本的金融管理部门，深圳证券交易所、东京证券交易所及银行、证券、保险、基金等金融机构代 表，围绕深圳与日本资本市场互联互通、金融产品创新、金融人才培养等议题展开深入研讨交流。 在金融创新领域，依托前海深港金融城推动跨境金融创新，在前海试点QFLP、优化跨境理财通，探索 数字人民币跨境使用。截至2024年，深圳外资企业数量稳居全国首位，为科创企业赴海内外上市提供全 周期金融支持，不断推动金融人才与金融市场国际化发展。 党的二十届三中全会就完善高水平对外开放体制机制作出系统部署，明确提出以开放促改革，建设更高 水平开放型经济新体制，强调建立健全跨境金融服务体系，丰富金融产品和服务供给。 金融合作基础良好两地金融机构热烈交流 深圳持续提升跨境金融服务水平，不断优化丰富人才金融服务体系。本次交流会由中共深圳市委金融 办、福田区人民 ...

《行动方案》着眼于更好发挥上海国际金融中心在服务构建新发展格局中的特殊作用，支持各类主体更 加安全、便捷、高效参与国际竞争与合作，从提高跨境结算效率、优化汇率避险服务、强化融资服务、 加强保险保障、完善综合金融服务等五方面提出18条重点举措。 4月23日，人民银行党委委员、副行长陆磊在新闻发布会上表示，《行动方案》将有力支持企业"走出 去"，促进经济高质量发展。为推动该方案的有效落地，交通银行方面在4月24日接受《华夏时报》记者 独家采访时称："交行第一时间深入研究《上海国际金融中心进一步提升跨境金融服务便利化行动方 案》政策要求，逐条细化推进落实。持续提升对'走出去'企业和'一带一路'建设的金融支持能力，服务 上海国际金融中心建设。" 上海推出18条重磅措施 为深入贯彻落实习近平总书记考察上海重要讲话和中央金融工作会议精神，深化金融制度型开放，加大 金融支持"走出去"企业和"一带一路"建设力度，中国人民银行、金融监管总局、国家外汇局、上海市人 民政府联合印发了《行动方案》。 华夏时报（www.chinatimes.net.cn）记者 耿倩 上海报道 上海再启征程，引领跨境金融探索新潮流。 日前，中国人民银行 ...

Core Viewpoint - The People's Bank of China Shenzhen Branch and the State Administration of Foreign Exchange Shenzhen Branch held a press conference to discuss the financial performance of Shenzhen and the progress in the "Five Major Financial Articles" including technology finance, green finance, inclusive finance, digital finance, and cross-border finance [2] Group 1: Technology Finance - As of the end of Q1, the loan balance for technology enterprises in Shenzhen reached 1.23 trillion yuan, showcasing significant support for technological innovation [2] - The "Technology Startup Loan" program helped 2,516 enterprises secure loans totaling 2.75 billion yuan, while the "Tengfei Loan" model provided 2.45 billion yuan to 82 enterprises [2][3] - China Merchants Bank reported serving over 160,000 technology enterprises with a loan scale nearing 600 billion yuan, with over 20,000 of these enterprises located in Shenzhen [3] Group 2: Green Finance - Shenzhen's commercial banks issued carbon reduction loans amounting to 18 billion yuan by the end of Q1, reflecting the city's leadership in green finance [4][5] - Agricultural Bank of China Shenzhen Branch reported a green loan balance exceeding 130 billion yuan, with the proportion of green loans rising from 3% in 2019 to 18% [5] Group 3: Inclusive Finance - The "Individual Loan" and "Small Micro Loan" products served over 110,000 small and micro enterprises and individual businesses, providing nearly 2 billion yuan in credit [5][6] - Shenzhen Rural Commercial Bank has played a crucial role in inclusive finance, with a loan balance for technology enterprises exceeding 30 billion yuan, marking a 25% year-on-year increase [3][6] Group 4: Digital Finance - Shenzhen has launched 15 financial technology innovation applications, enhancing the efficiency of financial services [7] - The local credit platform has facilitated financing of 539 billion yuan for enterprises, with 87% of this being credit loans [7] Group 5: Cross-Border Finance - The "Cross-Border Wealth Management Connect" 2.0 has led to the addition of 27,000 personal investors in Shenzhen banks, with cross-border transactions totaling 42 billion yuan [8] - By the end of March, over 1,500 enterprises in Shenzhen benefited from cross-border trade investment facilitation policies, with a business scale exceeding 140 billion USD [8] Group 6: Payment Services for Foreign Nationals - As of March 2025, over 400,000 Hong Kong residents have been assisted in opening accounts through the agent witnessing service [9] - Shenzhen has optimized payment services for foreign nationals, with over 44,000 merchants accepting foreign cards and 4,156 ATMs supporting foreign card withdrawals [9][10]