5月9日，源媒汇实地探访发现，工商银行南翔支行大厅内仅有几位老人在办理业务，显得略微冷清，但网络上对这家银行却热议不断。 工商银行南翔支行 | 源媒汇摄 位于上海德园南路的工商银行南翔支行，近日因一场"金条掺假"风波引发关注。 有网友爆料称，其朋友在工商银行南翔支行购买的金条熔炼后出现杂质，质疑其纯度。对此，工商银行在5月9日迅速回应，称检测结果显示金条纯度达标 （99.99%），杂质为外部附着物，已获客户认可。 至此，"金条掺假"风波似乎可以告一段落，但是这一插曲将公众视线引向工商银行的贵金属业务体系，也为其近年财务表现与资产质量的变化提供了观察 视角。 作为全球资产规模最大的商业银行，工商银行2024年实现净利润3658.63亿元，但是其营业收入连降三年、个人不良贷款余额突破千亿，这或折射出传统 大行在利率市场化、经济结构调整中的现实挑战。 贵金属资产去年增长近五成 天眼查显示，南翔支行成立于1993年，是工商银行在上海的老牌网点之一。 截图来源于天眼查 来自《南方都市报》的报道显示，从工商银行南翔支行"金条掺假"风波中的涉事金条检测报告可以看到，该款金条为工商银行的50克"如意金条"。 "如意金条"是工 ...

中国央行：将继续完善公开市场一级交易商和做市商考核，加强投资者利率风险管理，优化债券市场结 构及制度安排，促进债券市场功能进一步增强，为利率市场化推进和货币政策调控转型提供坚实支撑。 ...

Core Insights - The four municipalities in China—Beijing, Shanghai, Tianjin, and Chongqing—play a crucial role in the country's economic development and face various challenges amid economic restructuring and competitive pressures [1][19][20] - Beijing Bank, once a leader among city commercial banks, is experiencing stagnation in profit growth and increased competition from peers like Jiangsu Bank and Ningbo Bank [2][3][19] - Shanghai Bank is struggling with declining net interest income and has seen its ranking drop among city commercial banks, despite a notable increase in non-interest income [7][8][19] - Chongqing Bank shows potential for growth with a significant increase in total assets, but it faces challenges related to its business structure, heavily weighted towards corporate loans [12][19] - Tianjin Bank's performance is inconsistent, with significant fluctuations in profits and a declining personal loan portfolio, raising concerns about its future stability [15][19][20] Summary by Company Beijing Bank - As of December 2024, Beijing Bank's total assets reached 42,215.42 billion yuan, a 12.61% increase year-on-year, but net profit growth has slowed to 0.81% [2][19] - The bank's net interest margin has decreased from 1.95% in 2019 to 1.47% in 2024, indicating challenges in profitability [3][19] - The bank is exploring diversification into children's financial services, with over 2 million child financial clients [4][19] Shanghai Bank - Shanghai Bank reported total assets of 32,266.56 billion yuan as of December 2024, with a 4.6% year-on-year increase [7][19] - The bank's net interest income fell by 7.62% in 2024, leading to a net interest margin of only 1.17%, below the industry average [8][19] - Non-interest income grew significantly, with investment income increasing by 94.42% in 2024, highlighting the bank's adaptability in financial markets [9][19] Chongqing Bank - Chongqing Bank's total assets reached 8,566.42 billion yuan, a 12.73% increase year-on-year, marking the highest growth rate since 2018 [12][19] - The bank's loan structure is heavily skewed towards corporate loans, with retail loan growth lagging at only 2.81% [12][19] - The bank's net interest margin was reported at 1.35%, indicating a need for improvement in profitability [13][19] Tianjin Bank - Tianjin Bank's total assets were 9,259.94 billion yuan as of December 2024, a 10.1% increase, but its net profit growth was only 1.1% [15][19] - The bank's personal consumption loan portfolio has declined significantly over the past five years, raising concerns about asset quality [17][19] - The bank's capital adequacy ratios have also decreased, indicating potential challenges in maintaining financial stability [18][19]

中央分析研究当前经济形势和经济工作 4月 25日，中共中央政治局召开会议，分析研究当前经济形势和经济工作。会议指出，要坚持稳中求进工作总基调，完整准确全面贯彻新发展理 念，加快构建新发展格局，统筹国内经济工作和国际经贸斗争，坚定不移办好自己的事，坚定不移扩大高水平对外开放，着力稳就业、稳企业、 稳市场、稳预期，以高质量发展的确定性应对外部环境急剧变化的不确定性。 会议强调，要加紧实施更加积极有为的宏观政策，用好用足更加积极的财政政策和适度宽松的货币政策。适时降准降息，保持流动性充裕，加力 支持实体经济。创设新的结构性货币政策工具，设立新型政策性金融工具，支持科技创新、扩大消费、稳定外贸。会议指出，要不断完善稳就业 稳经济的政策工具箱，既定政策早出台早见效，根据形势变化及时推出增量储备政策，加强超常规逆周期调节，全力巩固经济发展和社会稳定的 基本面。（财联社） 点击上图 ▲立即报名 ｜点评｜ 中国一季度经济延续复苏态势，国际贸易环境却再生变化。本次中央政治局会议对中国经济发展状况做出了全面的分析，并及时为下 一步经济发展路径指明了方向。会议为中美贸易摩擦定调，以稳字当头来应对美国关税政策的不确定性，给国内外企业 ...

近日，又有两家民营银行下调存款利率。福建华通银行在官网发布了公告，无锡锡商银行则更新了存款利率表，两家银行的部分定期存款产品利率再度下 行。 华通银行公告称，自4月21日0时起，调整2年期、3年期和5年期个人、单位定期存款挂牌利率，以及一天通知单位存款挂牌利率。其中，2年期至5年期的 三款个人定存产品，利率分别调整至2.00%、2.45%和2.50%。3年期和5年期产品分别较此前下调25BP(基点)和10BP。 根据锡商银行4月21日发布的存款利率表，3年期利率由2.6%下调至2.5%，5年期利率由2.5%下调至2.4%。此前，今年2月，锡商银行刚刚进行了包括活期 存款、通知存款、定期存款、大额存单产品存款利率的全线调整。 "为了推动经济回稳向好，需要降低实体经济融资成本，因此有必要降低银行负债成本，而中长期存款利率较高，有下调空间。对于不同期限存款利率调 整策略不同，这是在利率市场化背景下，银行根据自身负债情况采取的市场化措施，既是降低负债成本的考虑，也是引导存款结构优化，从而调整负债结 构。"中国邮政储蓄银行研究员娄飞鹏接受《金融时报》记者采访时表示。 在这样的背景下，投资者该怎么选择呢？ 可以看到，民营 ...

在此情况下，富民银行未来发展面临挑战。从财务数据看，业务规模持续扩大，资产总额从2022年的548.74亿元增长至 2024年的622.99亿元，年均增速约6.5%，负债规模同步增长。但盈利能力增速放缓，2024年净利润增速仅2.9%，较2023 年22.8%的增速明显下降，净息差也从2022年的3.82%降至2024年的3.39%，反映出利率市场化背景下银行盈利压力增 大。在资产质量方面，虽不良贷款率稳定在较低水平，但流动性比例从2022年的118.08%大幅降至2024年的84.06%，显 示未来资金管理面临考验，如何平衡流动性与盈利性成为关键问题。 在金融市场中，重庆富民银行的发展动向受到关注。作为中西部地区首家获批开业的民营银行，富民银行于2016年8月16 日成立。它由瀚华金控、宗申集团、福安药业等7家重庆当地民营企业共同出资30亿元设立，自成立起便承担着服务地方 经济、助力中小微企业发展的任务。 经过多年运营，富民银行在业务上取得一定成果。截至2024年12月末，其资产总额达622.99亿元，负债总额为572.63亿 元。该年度营业收入为20.96亿元，净利润为4.21亿元。从风控指标看，资本充足 ...

Core Viewpoint - Yibin Bank, which went public in Hong Kong on January 13, is facing significant challenges just three months post-listing, including a sharp decline in performance growth, executive turnover, and asset quality concerns [1][3]. Financial Performance - In 2024, Yibin Bank reported a slight revenue and net profit increase of 0.5% and 0.1%, respectively, indicating a struggle to maintain growth [1]. - The bank's net interest income plummeted by 11.6%, significantly impacting overall performance, with revenue growth slowing to 0.5% [6][8]. - The average yield on interest-earning assets decreased from 4.34% to 4.00%, while the average interest rate on liabilities rose from 2.26% to 2.43%, leading to a narrowing net interest margin [6][7]. Executive Changes - The sudden resignation of CEO Yang Xingwang, who had been with the bank for 34 years, raised concerns about the bank's strategic direction [3][4]. - Yang's leadership saw significant growth in revenue and net profit during his tenure, but the strategies implemented faced challenges in 2024 [4]. Loan Structure and Asset Quality - Yibin Bank's loan structure is heavily skewed towards corporate loans, which accounted for 80% of total loans by the end of 2024, while retail loans made up only 8% [4]. - The bank is experiencing rising non-performing loan ratios, particularly in the manufacturing sector, where the ratio surged from 0.84% in 2023 to 3.79% in 2024 [4][8]. - The balance of special mention loans increased by 25% year-on-year, indicating potential future profit erosion [4]. Competitive Landscape - Yibin Bank is facing intense competition from other regional banks, with peers like Luzhou Bank achieving net interest margin growth while Yibin Bank's performance lags [7][8]. - The bank's retail loan balance decreased by 0.71% in 2024, contrasting with Luzhou Bank's 12% growth in retail loans [8]. Future Outlook - The bank's challenges reflect broader issues faced by regional small and medium-sized banks, including reliance on traditional business models amid market changes [9]. - Opportunities may arise from the development of the Chengdu-Chongqing economic circle, focusing on local resources and industries such as the liquor industry and renewable energy [9].

去年6月，央行行长潘功胜在陆家嘴论坛上首次明确，央行的主要政策利率是公开市场7天期逆回购 操作利率，并将逐步淡化其他期限工具利率政策色彩。 MLF政策利率属性完全退出 加量续做助力维稳流动 性 新华财经北京3月25日电（记者翟卓）根据人民银行此前公告，25日将开展4500亿元MLF操作，期 限为1年期。同时这也是MLF首次从单一利率中标改为多重价位中标。 有业内人士表示，此举标志着MLF利率的政策属性完全退出，后续机构投标MLF将参考市场化的 融资成本，有利于推动资金成本总体下行。同时本次操作再次转为净投放，也展现了适度宽松的货币政 策取向，资金紧平衡状态有望调整。 ——政策利率属性完全退出 对于此次操作方式，央行24日已进行预告，为更好满足不同参与机构差异化资金需求，自本月起 MLF将采用固定数量、利率招标、多重价位中标方式开展操作。 "MLF操作方式的转变，不再有统一中标利率，标志着其政策属性完全退出。"中国民生银行首席经 济学家温彬说。 历史上看，我国既有短端的政策利率（如公开市场操作利率），也有中端政策利率（如MLF利 率）。但随着利率市场化水平不断提高和利率传导机制逐步健全，存在两个政策利率已无太大 ...

政策利率十年嬗变：7天逆回购登顶，"麻辣粉"MLF退出 界面新闻记者 | 杨志锦 界面新闻编辑 | 王姝 3月24日人民银行公告称，自本月起中期借贷便利（MLF）将采用固定数量、利率招标、多重价位中标方式开展操作。这意味着MLF不再有统一的中标利 率，MLF利率的政策属性完全退出，与此同时7天期逆回购操作利率成为最重要、最核心的政策利率。 某种程度上，这为过去10年政策利率体系的优化画上句号。2015年存贷款基准利率放开后，央行开始构建政策利率体系，起初政策利率种类繁多，后慢慢简 化为公开市场操作利率、MLF利率两大类，现在归一为7天逆回购利率。 这其中，MLF可能较为"失落"，其重要性一度超过7天逆回购利率。以往MLF固定在每月中旬操作，以为LPR报价提供参考，市场每月15日盯住MLF操作， 以了解利率走势，而现在及将来人们将关注7天逆回购利率。 政策利率体系的优化是中国货币政策框架由数量型向价格型转变的重要一步，后续需进一步完善利率传导机制、优化货币政策目标。 MLF"扑朔迷离"中诞生 2014年9月16日，市场传言，央行对五大行实施5000亿常备借贷便利（SLF）操作，期限为3个月。几天后，时任中国建设 ...

Financial Data and Key Metrics Changes - The financial data for the banking and insurance sectors showed a total asset increase of 2.3 trillion yuan, representing a growth of 7.4% compared to the beginning of the year [8] - The non-performing loan balance for commercial banks decreased by 27.2 billion yuan, with a non-performing loan ratio of 1.56%, down by 0.03 percentage points from the previous quarter [8] Business Line Data and Key Metrics Changes - The insurance sector's total assets reached 33.8 trillion yuan, with property insurance companies growing by 7.6% and life insurance companies by 7.4% compared to the beginning of the year [8] Market Data and Key Metrics Changes - The public charging pile count increased by 88,000 in July 2024, marking a year-on-year growth of 45.2%, with a total of 3.209 million public charging piles reported [17] - Domestic sales of new energy vehicles reached 5.934 million units from January to July 2024, indicating a strong growth in both charging infrastructure and new energy vehicle sales [17] Company Strategy and Development Direction and Industry Competition - The government is focusing on enhancing service consumption quality and expanding service supply, which is expected to stimulate economic growth [10][14] - The cloud technology sector is witnessing significant investments in AI, with companies like Microsoft and Google leading in AI infrastructure development, indicating a competitive landscape focused on technological advancement [28][29] Management's Comments on Operating Environment and Future Outlook - The management highlighted the importance of maintaining a stable monetary policy to support economic recovery and high-quality development [7] - The commentary on the service consumption sector emphasized the need for improved service quality and the introduction of new standards to enhance the sector's growth [10][13] Other Important Information - The government is implementing measures to support the real estate sector, ensuring the completion of housing projects and protecting consumer rights [16] - The aging population in China is driving the demand for enhanced elderly care services, prompting the government to optimize service supply in this area [12][13] Q&A Session Summary Question: What measures are being taken to enhance service consumption? - The government plans to implement a series of initiatives to improve service quality and expand service supply, focusing on sectors like tourism and home services [10][14] Question: How is the cloud technology sector adapting to AI investments? - Companies are increasingly integrating AI into their traditional business models and cloud services, with varying degrees of success in revenue generation [28][29]