Core Insights - Zhangjiagang Bank, as the first rural commercial bank established from a rural credit cooperative, maintains a strategic focus on supporting agriculture and small enterprises, showcasing strong operational resilience and growth potential [1] Financial Performance - For the first three quarters of 2025, Zhangjiagang Bank reported operating income of 3.676 billion yuan, a year-on-year increase of 1.18%, and a net profit attributable to shareholders of 1.572 billion yuan, up 5.79% year-on-year, indicating improved profitability and cost control [2] - The bank's wealth management business has seen significant growth, with agency sales reaching 4.343 billion yuan, a 162.73% increase from the beginning of the year, and wealth management balances at 24.434 billion yuan, up 14.85% [2] - The shift towards a more diversified income structure reflects the bank's strategy to reduce reliance on traditional interest margins, enhancing its adaptability in a complex environment [2] Asset and Loan Growth - As of September 2025, Zhangjiagang Bank's total assets reached 221.201 billion yuan, a 1.05% increase from the beginning of the year, with total deposits at 176.346 billion yuan, up 5.83%, and total loans at 146.311 billion yuan, increasing by 6.55% [3] - The bank has maintained a strong focus on agricultural and small enterprise lending, with loans to these sectors totaling 124.786 billion yuan, accounting for 90.34% of total loans, and growing faster than the overall loan portfolio [3] Risk Management and Asset Quality - The bank's non-performing loan ratio stood at 0.94% as of September, unchanged from the beginning of the year, indicating stable asset quality, while the provision coverage ratio was 355.05%, reflecting robust risk resilience [4] - Zhangjiagang Bank has implemented an innovative risk control system, establishing a "1+1+3" risk management team model to ensure stable business operations [4] Strategic Development - The bank is focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, to solidify its foundation for high-quality development [5] - As of September 2025, the bank's green credit balance was 5.298 billion yuan, a 21% increase, and loans to technology enterprises reached 12.204 billion yuan, up 19.42% [5] Digital Transformation and Shareholder Returns - In the digital finance sector, the bank has introduced local applications of open-source models to enhance internal processes, with transaction volumes exceeding 89 billion yuan since the pilot [6] - The bank's decision to implement a mid-term dividend for the first time in October 2025 reflects its commitment to shareholder returns and signals confidence in its development [6]

海外監管公告 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條而作出。 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之任何損失承擔任何責任。 中國光大銀行股份有限公司 中國光大銀行股份有限公司 China Everbright Bank Company Limited China Everbright Bank Company Limited （於中華人民共和國註冊成立的股份有限公司） （於中華人民共和國註冊成立的股份有限公司） （股份代號：6818） （股份代號：6818） 茲載列中國光大銀行股份有限公司在上海證券交易所網站刊登的《中國光大銀行股份有限 公司2025年第三季度報告（A股）》，僅供參閱。 中國光大銀行股份有限公司 董事會 中國 • 北京 2025年10月30日 於本公告日期，本公司執行董事為郝成先生、齊曄女士及楊兵兵先生；非執行董事為 吳利軍先生、崔勇先生、曲亮先生、朱文輝先生、姚威先生、張銘文先生及李巍先生； 以及獨立非執行董事為邵瑞慶 ...

Core Viewpoint - Jiangsu Bank has made significant progress in its high-quality development journey by focusing on a stable risk control system, simultaneous growth in scale and efficiency, and innovative management practices [1] Financial Performance - For the third quarter of 2025, Jiangsu Bank reported operating income of 67.183 billion yuan, a year-on-year increase of 7.83%, and net profit attributable to shareholders of 30.583 billion yuan, up 8.32% year-on-year [3] - The annualized ROE was 15.87% and annualized ROA was 0.96%, with a non-performing loan ratio of 0.84%, marking a historical low [3] - The bank's risk coverage ratio stood at 322.62%, indicating strong risk mitigation capabilities [3] Revenue Composition - Jiangsu Bank achieved net interest income of 49.868 billion yuan, a year-on-year increase of 19.61%, and fee and commission income of 5.421 billion yuan, up 7.88% [4] - The bank's total assets reached 4.93 trillion yuan, with loan balances of 2.47 trillion yuan (up 17.87% year-to-date) and deposit balances of 2.54 trillion yuan (up 20.22% year-to-date) [4] Corporate Lending Growth - As of September, corporate loan balances reached 1.6641 trillion yuan, a year-on-year increase of 26.26%, while corporate deposit balances were 1.4028 trillion yuan, up 20.75% [7] - Jiangsu Bank is committed to enhancing financial services in key areas such as technology, green finance, and inclusive finance [8] Retail Banking Development - Jiangsu Bank's retail assets under management (AUM) surpassed 1.6 trillion yuan, with an increase of nearly 200 billion yuan, leading among city commercial banks [11] - The bank's subsidiary, Su Yin Wealth Management, has assets exceeding 800 billion yuan, maintaining its position as the top wealth management subsidiary among city commercial banks [11] Asset Quality and Risk Management - Jiangsu Bank's non-performing loan ratio was 0.84%, down 0.05 percentage points from the beginning of the year, reflecting a consistent improvement in asset quality [13][14] - The bank has implemented reforms in its risk management system, enhancing its risk control capabilities [14] Market Position and Recognition - Jiangsu Bank has gained significant attention in the capital market, with nearly 70 research reports published by analysts this year [16] - The bank ranked 56th in the "Global 1000 Banks" list, improving by 10 positions from the previous year, and was ranked 162nd in the "Fortune" China 500 list [16]

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，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致之任何損失承擔任何責任。 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條刊登。茲載列 該公告（於上海證券交易所網站刊登）如下，僅供參閱。 特此公告。 中國建設銀行股份有限公司 董事會 2025年10月30日 於本公告日期，本行的執行董事為張金良先生、張毅先生和紀志宏先生，本行的 非執行董事為辛曉岱女士、劉芳女士、李璐女士、李莉女士和竇洪權先生，本行 的獨立非執行董事為威廉 • 科恩先生、梁錦松先生、詹誠信勛爵、林志軍先生和 張為國先生。 （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） (A joint stock company incorporated in the People's Republic of China with limited liability) （股份代號：00939） 2025年第三季度報告 中国建设银行股份有限公司（"本行"）董事会及全体董事保证 ...

Core Insights - The eighth China International Import Expo (CIIE) is set to open, with Standard Chartered Bank participating for the eighth consecutive year, showcasing its commitment to supporting high-level opening and high-quality development of China's real economy [1][2] Group 1: Participation and Themes - Standard Chartered Bank's theme for this year's expo is "Connecting to New Opportunities," highlighting its innovative achievements in cross-border trade, sustainable finance, and digital finance [1] - The bank will present a range of high-quality products and services, including solutions for small and medium-sized enterprises (SMEs) going abroad and the "Standard Chartered Global Chain" as a one-stop cross-border financial solution [1] Group 2: Strategic Collaborations - Standard Chartered plans to sign strategic cooperation memorandums with leading companies in sectors such as food consumption, biomedicine, and new materials, focusing on trade financing, financial markets, and sustainable finance [1] - Since its first participation in the CIIE in 2018, Standard Chartered has established strategic partnerships with nearly 40 enterprises, institutions, and industry associations, expanding its cooperation from bulk commodity trade to sustainable finance and technology innovation [2] Group 3: Market Presence and Future Plans - Standard Chartered has been operating in China for over 167 years and is one of the most comprehensive international banks in terms of licenses and business scope in the mainland market [2] - China has been the largest contributor to Standard Chartered Group's global network income since 2017, and the bank opened its third priority private banking center in Hangzhou in July, marking its 14th globally [2] - The bank intends to continue increasing investments in productivity, digitalization, and financial innovation in China [2]

Core Insights - The "2025 Digital Financial Innovation and Future Asset Management Summit" will be held on November 3, 2025, in Hong Kong, focusing on driving digital finance and future asset management [2] - The summit aims to create a high-level dialogue and cooperation platform for industry leaders, regulatory representatives, and experts to explore investment opportunities and growth drivers in the digital era [2] Themes of Discussion - The forum will cover four main topics: - New opportunities and challenges in cross-border wealth management - Innovations in cross-border payment systems and the future of stablecoins - Digital innovation of alternative assets in crisis environments - Compliance development and innovative practices for Real World Assets (RWA) [3] Guest Lineup - The event will feature prominent guests from various sectors, including: - Executives from listed companies - Partners from internationally renowned investment banks and asset management firms - Representatives from financial regulatory bodies and industry associations - Founders of leading blockchain and RWA ecosystem companies [4] Organizers and Their Focus - The summit is organized by: - 德商产投服务集团 (HK.02270), focusing on alternative asset development and management, aiming to integrate traditional asset management with digital finance [9] - 高盈科技 (GIT.US), which is preparing for an IPO on NASDAQ, providing high-performance cloud computing solutions [10] - 中国置业投资 (HK.00736), primarily engaged in lending and property investment [11] Event Details - The summit will take place on November 3, 2025, from 13:30 to 21:30 at the St. Regis Hotel in Hong Kong [12] - The agenda includes keynote speeches, high-level roundtables, and the release of industry white papers, along with a networking dinner for deeper engagement among attendees [3][14]

中新网太原10月30日电 (记者 杨杰英)记者从中国人民银行山西省分行获悉，截至2025年8月末，全省科 技金融、绿色金融、普惠金融、养老金融、数字金融"五篇大文章"贷款余额达1.56万亿元，同比增长 14.7%，高于同期各项贷款增速7.4个百分点，金融服务实体经济质效持续提升。 今年以来，中国人民银行山西省分行着力构建金融"五篇大文章"政策体系，形成了具有山西特色 的"1+5"政策框架。该行信贷政策管理处副处长张旭梅表示，这一政策体系为金融服务山西经济转型高 质量发展提供了明确指引和有力保障。 在结构性货币政策工具的精准引导下，山西省金融机构积极运用科技创新和技术改造再贷款、碳减排支 持工具等多种政策工具，带动相关领域贷款投放约645亿元。推动央行资金与地方财政资金协同支持， 有效发挥财政补贴和风险补偿作用，切实带动金融"五篇大文章"相关领域信贷投放。 各重点领域信贷投放呈现齐头并进的良好态势。数据显示，科技金融、绿色金融、普惠金融、养老金融 和数字金融贷款均保持较快增长，同比增速分别达到10.6%、18.4%、17.9%、13.7%和31%，展现出金 融对经济转型升级的全面支撑作用。 为提升金融服务精准度 ...

Core Insights - The establishment of the Digital Financial Industry Ecosystem Center in Hangzhou aims to integrate "digital + finance" to support the city's digital financial industry development and regional innovation [1][2] - The center is a key component of Hangzhou's "Artificial Intelligence +" initiative, leveraging public platforms like the Hangzhou Data Exchange and Zhejiang's new computing power center to provide comprehensive support for enterprises [2][3] Group 1 - The Digital Financial Industry Ecosystem Center will serve as an innovation hub, connecting financial investment expertise with enterprise needs, facilitating a "fast track" from idea incubation to market application [1][2] - The center's core competitive advantage lies in its "patient capital" and "five-in-one" service model, offering a full chain of services including investment, loans, subsidies, guarantees, and insurance for tech enterprises [2] Group 2 - The center proposes a "345 spatial strategy framework," creating a synergistic ecosystem through three main clusters: financial services, data technology, and application scenarios, along with four service modules [3] - The center aims to implement a "135 development blueprint," targeting to become a leading hub for digital finance and data integration in the province within five years, establishing a model for financial services in the digital economy [3]

Core Insights - The "15th Five-Year Plan" emphasizes the importance of financial development, mentioning finance 17 times, and outlines a roadmap for building a strong financial nation [1][8] Financial Development Initiatives - The plan proposes nine key measures to enhance the financial system, including improving the central bank's framework and establishing a robust monetary policy and macro-prudential management system [1][9] - It highlights the need to develop technology finance, green finance, inclusive finance, pension finance, and digital finance [2][11] Capital Market Enhancements - The plan calls for improving the inclusiveness and adaptability of capital market systems, ensuring a balanced investment and financing relationship [3] - It encourages the development of direct financing methods such as equity and bonds, as well as the steady growth of futures, derivatives, and asset securitization [4] Financial Institution Optimization - The plan aims to optimize the financial institution system, urging various financial entities to focus on their core businesses and improve governance [5] Financial Infrastructure and Digital Currency - There is a push for building a safe and efficient financial infrastructure and the steady development of the digital renminbi [6][7] Financial Regulation and Risk Management - The plan emphasizes comprehensive financial regulation, enhancing collaboration between central and local authorities, and building a risk prevention and resolution system to ensure financial stability [8][13] - It outlines measures to address risks in key areas such as real estate and local government debt, with significant reductions in financing platform numbers and debt levels [14] International Financial Cooperation - The plan highlights the importance of advancing global economic financial governance reforms and maintaining a fair and open international economic order [16] - It reports significant progress in cross-border payment systems and the internationalization of the renminbi, with the currency becoming a major player in global trade financing [17][18] Shanghai International Financial Center - The plan stresses the acceleration of building Shanghai as an international financial center, which is crucial for enhancing China's global financial influence [19]

Investment Rating - The report suggests a positive outlook for the banking industry, indicating a shift from homogeneous competition to differentiated development, which opens up new business opportunities [4]. Core Insights - The report emphasizes the goal of building a modern financial system that balances resilience, efficiency, inclusiveness, and security, aligning with the high-quality development needs of the economy [4]. - It highlights the importance of enhancing the central bank's role in macroeconomic regulation and financial stability, with a focus on preventing systemic financial risks [4]. - The report identifies five key areas for financial supply-side structural reform: technology finance, green finance, inclusive finance, pension finance, and digital finance, which are seen as major sources of new business for banks [4]. - It discusses the need for banks to transform their operating models, particularly in technology finance, and to address challenges such as product homogeneity and risk management [4]. - The report notes that regulatory constraints will remain strict, with an emphasis on risk prevention and resolution, particularly in key areas like real estate and local debt [4]. Summary by Sections Central Bank and Macro-Prudential Management - The report advocates for a robust macro-prudential management framework to mitigate systemic risks and enhance the central bank's regulatory capabilities [4]. Financial Supply-Side Structural Reform - The focus is on developing various financial sectors to guide resources to critical areas, fostering new productive forces and expanding credit opportunities [4]. Differentiated Development of Banks - Different types of banks are encouraged to adopt tailored strategies, with state-owned banks focusing on national strategies and regional banks serving local economies [4]. Regulatory Environment - The report anticipates stricter and more efficient regulatory measures, with an emphasis on the application of regulatory technology and accelerated financial legislation [4]. Investment Recommendations - The report recommends specific banks for investment, including Industrial and Commercial Bank of China, Agricultural Bank of China, Postal Savings Bank of China, Jiangsu Bank, Hangzhou Bank, and China Merchants Bank, highlighting their potential for recovery and transformation [4].