齐鲁晚报·齐鲁壹点记者 黄寿赓 山东蕴含着哪些红色金融资源 7月14日，《山东红色金融概论》出版新闻发布会在齐鲁工业大学（山东省科学院）举行，这本历时两年编写，以山东红色金融为主要研究对象的金融普及 读物终于正式面世。 在新民主主义革命时期，山东抗日根据地与解放区有着大量由中国共产党领导的革命金融活动，北海银行、鲁西银行等均为山东红色金融实践的缩影。《山 东红色金融概论》明确研究对象，系统梳理了红色金融机构创建、发展与壮大历程，深入阐释了红色金融机构的历史贡献、实践经验及其所凝结的革命精 神，将为讲好红色金融故事提供坚实支撑，助力中国特色金融文化弘扬。 4 8 2 t/ y n in 1 6 16 p 11:20 No. of 10 1 11/11/ 2 1 / 战火中办银行，地底下印钞票 金融作为国家治理体系的基础性制度安排，其政治属性直接关系到国家根本属性和社会经济关系的本质特征。新民主主义革命时期，中国共产党始终坚持对 红色金融的绝对领导，一手握紧人民军队"枪杆子"，一手壮大红色金融"钱袋子"，牢牢把握红色金融的政治方向。 抗战硝烟中，为了抵御日伪顽的经济掠夺，保障军需经费、政权建设，促进根据地经济发展 ...

清华大学五道口金融学院不动产金融研究中心于7月12日在京举办《城中村改造的金融创新》课题中期研讨会，聚焦城中村改造如何通过政策协同、工具 创新及模式闭环推动良好生态构建。会议总结：破解城中村改造瓶颈的核心在于构建可持续的商业模式。对此，应厘清项目合规性基础，针对不同改造模 式设计分类工具与政策方案，最终形成覆盖城中村改造全生命周期的良好金融生态。 本次会议由学院不动产金融研究中心主办。中国证监会原主席肖钢，中国房地产业协会副会长兼秘书长张其光，中国人民银行金融研究所所长丁志杰，住 房和城乡建设部住房保障司副司长翟波出席会议。来自深圳安居、建设银行、中咨公司、中金公司、中伦律所、山西建投、鑫苑集团的20余位课题组专家 及行业机构领导参会研讨。清华大学五道口金融学院研究员、不动产金融论坛秘书长魏晨阳开场发言。不动产金融研究中心研究总监郭翔宇主持会议。 【图为会议现场】 导读 在课题研讨环节，相关政策部门、金融机构和业界专家围绕课题深化方向和行业核心痛点提出了宝贵的指导意见，从宏观形势、模式研判、金融工具创 新、可持续商业模式以及现实困境等多个维度进行了深入解读。 丁志杰围绕城中村改造的模式创新与政策支持提出三点思 ...

7月17日早盘，业绩+题材共振，金融科技重启涨势，中证金融科技主题指数涨逾1%。成份股大面积飘 红，其中恒银科技开盘不到5分钟火速封板，拓尔思、润和软件、电科数字涨超5%，东信和平、南天信 息、恒宝股份、翠微股份、四方精创等多股涨超3%。 热门ETF方面，规模、流动性同类断层第一的金融科技ETF（159851）场内价格涨逾1%，实时放量成 交超2亿元。资金近10日累计有9日加码金融科技赛道，159851累计吸金超14亿元，吸金力度位居同类产 品首位！ 业绩端，恒银科技发布业绩预告，公司预计2025年上半年实现归属于上市公司股东的净利润为1350万元 到1620万元，将实现扭亏为盈。报告期内，一是总体成本费用较上年同期进一步下降；二是公司保持总 体营收的稳定增长；三是海外业务销售额较上年同期大幅度增长。 责任编辑：杨赐 题材端，中信证券研报表示，香港稳定币合法化推动稳定币产业链持续扩张，细分环节不断延伸，我们 看好RWA（现实世界资产）发行方、咨询/技术支持服务提供商、跨境支付企业三者率先受益，建议关 注RWA发行、金融IT、跨境支付行业投资机遇。 绩并不代表其未来表现，基金管理人管理的其他基金的业绩并不构成基 ...

在当前资本市场持续深化改革、政策红利不断释放的背景下，科技金融领域迎来了新的发展机遇。7月 17日，南方中证AAA科创债ETF（基金简称：科创债ETF南方，基金代码：159700）正式上市，有望为 投资者提供了一种高效、透明、低成本的科技金融资产配置新选择。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 作为首批获批的科创债ETF之一，科创债ETF南方（159700）跟踪的中证AAA科创债指数，聚焦沪深交 易所上市、主体信用评级为AAA的科技创新公司债，市值规模超过1万亿元，成分券数量超800只，兼 具高流动性与低信用风险特征。在当前利率窄幅震荡环境下，AAA级科创债的票息优势尤为突出。此 外，该产品采用T+0交易机制，投资者可当日买卖，灵活把握市场机会，同时其管理费仅0.15%/年，低 费率结构能够进一步降低了投资者的长期持有成本。 在政策层面，政策红利的持续释放为科创债ETF的发展提供了坚实支撑。中国证监会在《关于资本市场 做好金融"五篇大文章"的实施意见》中明确提出，要"加大多层次债券市场对科技创新的支持力度"。在 2025年陆家嘴论坛上，证监会主席吴清进一步强调"加快推出科创债 ...

本次活动，该分行展示了专为企业融资、企业主个人金融需求以及企业资产配置打造的产品与服务，也 为企业家们提供了一个互相交流、了解需求的平台。据悉，近年来，该分行始终坚守服务"三农"、城乡 居民和中小企业的市场定位，依托全市18家经营机构及专业团队，持续为地方经济输血赋能。截至2025 年6月末，累计投放贷款超2000亿元，各项贷款余额超412亿元，实体贷款占比达96.7%。 该分行表示，未来将继续深化银企合作，一方面，在"融资"上加大力度，根据企业不同的发展阶段和资 金需求，提供适配的贷款产品，确保企业发展的资金链稳定；另一方面，积极"融智"，凭借专业的金融 知识，为企业发展"量体裁衣"提供个性化、综合性的金融服务方案，为企业发展壮大注入金融动能，助 力赣州市经济实现高质量发展。（刘立琼） 日前，邮储银行赣州市分行与赣州市橙乡商会联合举办金融服务沙龙，共有30余位企业家代表参加，活 动进一步深化银企对接，聚焦实体经济需求，提升普惠金融服务质效。 活动现场，该分行工作人员围绕企业融资难题，重点介绍小微企业专属产品并解读相关政策，让惠企政 策清晰可及；针对企业主个人金融需求，展示涵盖个人经营性贷款、住房贷款、消费信 ...

Core Viewpoint - The banking industry is experiencing stable growth in credit, with a significant portion directed towards corporate loans, indicating strong support for the real economy amidst external pressures and interest margin constraints [1][4]. Credit Growth and Structure - In the first half of 2025, total credit in China increased by 12.92 trillion yuan, with corporate loans accounting for 89.5% of new loans, reflecting a 6.6 percentage point increase from the previous year [1]. - The growth in medium to long-term loans for the manufacturing sector was 8.7% year-on-year, while infrastructure loans grew by 7.4%, indicating a focus on effective investment and high-quality development [2][5]. - The banking sector is expected to continue optimizing its credit structure, with new loans increasingly directed towards innovative and strategic industries, contributing to sustained asset growth [3]. Support for the Real Economy - Corporate loans are highlighted as a stabilizing force for the banking sector, with a significant increase in medium to long-term loans supporting the real economy [4]. - The emphasis on inclusive finance has led banks to enhance support for small and micro enterprises, addressing their financing challenges through various measures [5]. Non-Interest Income Opportunities - The banking sector is facing a long-standing trend of strong corporate credit and weaker retail credit, prompting banks to seek differentiated advantages in service offerings [6][7]. - Despite competitive pressures and potential profit challenges, there are positive indicators for non-interest income growth, particularly in wealth management and investment services [7]. Future Outlook - The outlook for non-performing loans (NPLs) remains optimistic, with expectations of low growth rates for NPL balances compared to overall loan growth, supported by improved repayment capabilities and enhanced risk management practices [8].

Core Insights - The financial institutions' RMB loan balance reached 268.56 trillion yuan by the end of June, showing a year-on-year growth of 7.1%, with new loans added amounting to 12.92 trillion yuan in the first half of the year, indicating strong credit support for the real economy [1] - The banking sector has increased its lending to key areas such as consumption and technological innovation, positively impacting market confidence and stabilizing expectations [1][2] - The banking industry is facing challenges such as narrowing net interest margins due to a low interest rate environment, but is focusing on core operations to support the real economy and improve capital foundations [1][4] Financial Support for the Real Economy - In the first half of the year, the banking sector responded positively to government policies aimed at increasing credit to key sectors, with significant growth in loans to manufacturing, infrastructure, and other priority areas [2] - By the end of May, loans in green, technology, inclusive finance, elderly care, and digital sectors grew by 27.4%, 12%, 11.2%, 38%, and 9.5% respectively, all exceeding the overall loan growth rate [2] Cost Reduction and Revenue Growth Strategies - The average interest rate for new corporate loans was approximately 3.3% in the first half of the year, down about 45 basis points from the previous year, reflecting efforts to lower financing costs for enterprises [3] - Banks are focusing on expanding domestic demand and promoting consumption, with initiatives such as the introduction of 19 measures to enhance financial services for consumers and businesses [3] Capital Adequacy and Risk Management - As of the first quarter of 2025, the capital adequacy ratio for commercial banks was 15.28%, with a slight decrease from the end of 2024, indicating a need for further capital support to manage rising risks [6] - The issuance of special government bonds has helped major banks strengthen their capital bases, while smaller banks are also diversifying their capital sources through various instruments [6][7] Asset Quality and Operational Efficiency - The banking sector is prioritizing risk control and maintaining asset quality, with efforts to reduce non-performing loans and improve coverage ratios [7] - The focus on operational efficiency is becoming crucial as banks adapt to a competitive environment where product and service offerings are key differentiators [5]

Group 1 - As of July 16, 2025, the Hong Kong Stock Connect Non-Bank ETF (513750) reached a record size of 7.451 billion, with a year-to-date growth of 844.35% [1] - The ETF's latest share count is 4.840 billion, also a record high since its inception [1] - The index tracking the non-bank financial theme (931024) experienced a decline of 0.82% on the same date, with mixed performance among constituent stocks [1] Group 2 - The Hong Kong Stock Connect Non-Bank ETF has seen a net asset value increase of 74.06% over the past year, ranking 57 out of 2915 index stock funds, placing it in the top 1.96% [2] - The ETF's highest monthly return since inception was 31.47%, with the longest consecutive monthly gain being 4 months and a total increase of 38.25% [2] - The top ten weighted stocks in the index account for 77.92%, with major holdings including China Ping An, AIA, and Hong Kong Exchanges and Clearing [2] Group 3 - Recent policies aimed at enhancing financial market construction and expanding high-level financial openness are expected to create significant business opportunities for non-bank financial institutions [3] - The insurance sector is anticipated to benefit from new regulations promoting long-term investments, while brokerage firms are expected to maintain high trading activity levels [3] - The Hong Kong Stock Connect Non-Bank ETF is the first and only ETF tracking the non-bank index, with over 60% of its composition in insurance stocks [3]

2025年07月17日 国泰君安期货商品研究晨报-绿色金融与新能源 | 观点与策略 | | --- | | 镍：消息面扰动情绪，基本面承压运行 | 2 | | --- | --- | | 不锈钢：现实与宏观博弈，钢价震荡运行 | 2 | | 碳酸锂：仓单延续下行，关注供给实质变化 | 4 | | 工业硅：市场情绪发酵，关注上行空间 | 6 | | 多晶硅：市场消息持续性发酵 | 6 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 期货研究 商 品 研 究 2025 年 7 月 17 日 镍：消息面扰动情绪，基本面承压运行 不锈钢：现实与宏观博弈，钢价震荡运行 张再宇 投资咨询从业资格号：Z0021479 zhangzaiyu@gtht.com 【基本面跟踪】 镍基本面数据 商 品 研 究 | | | 指标名称 | T | T-1 | T-5 | T-10 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 沪镍主力（收盘价） | 120,550 | 1,170 | 1,410 ...

江南时报讯（通讯员 欣仁 汪莉）当《中华人民共和国民营经济促进法》在今年5月20日正式生效，一场关乎中国超92%企业的"经济大变革"正式打响！ 在经济大省江苏，民企是"挑大梁"角色——超过五成GDP、六成的税收、七成企业研发投入和社会固定资本投资、八成新增就业岗位、九成高新技术产值均 来自民营经济。问题来了：金融服务江苏民营经济，哪家银行强？ 最近，人行江苏分行公布的一季度金融服务民营经济效果评估"成绩单"，把答案摆到了台面上。22家江苏地区银行同台PK，兴业银行南京分行一路"过关斩 将"，再次拿下"优秀档"，连续4个季度蝉联这一奖项最高级别。 亮眼成绩背后，到底藏着什么"独家秘方"？ 其实，为了支持民营经济，兴业银行早就开始"放大招"！ 早在2024年3月，兴业银行就在业内率先成立民营经济部，把支持民企发展写进战略规划。到今年3月末，民营经济贷款余额超1.7万亿元，2022年以来增长 超55%，服务民企近52万户。 兴业银行南京分行更是一马当先。在7月16日兴业银行南京分行举办的"凝聚'兴'动力，助民企成长"新闻发布会中，公司金融部（民营经济部）总经理李世 钰介绍，截至6月末，分行民营经济贷款余额844.7 ...