12月的南粤大地，冬种正忙。在湛江对虾基地，养殖户指尖轻点银行秒提1000万元信用额度；在肇庆高 要，2亿元城市更新贷款5个工作日完成审批；在云浮郁南，6000万元乡村振兴债从立项到落地不足30 天……同一时空里，广东南粤银行正以党建为旗、产业为笔，在县域经济答卷上写下浓墨重彩的"金融 注脚"。截至2025年9月末，该行"百千万工程"相关贷款余额464.83亿元，较年初增长27.3%，撬动了超 1000户涉农主体、20个特色园区、58个重点项目的"加速跑"。这一串数字背后，是一条可复制、可推 广、可持续的"南粤路径"。 高效的审批机制，为县域项目建设注入"金融加速度"。肇庆分行创新推出"一个党建联盟+N项金融服 务"模式，组建由分行领导、党员业务骨干牵头的"金融服务专班"，与高要区政府签署5年50亿元意向性 融资协议，覆盖信贷、信托等多元产品。针对高要某投资集团的基础设施、城市更新项目需求，该行通 过"风险部门前移+平行作业"模式，开启绿色审批通道，仅用5个工作日便完成2亿元授信审批。云浮分 行在获悉郁南县某产业投资集团需发行6亿元乡村振兴债后，第一时间组建总分联动专项工作组，用时 不足一个月完成6000万元 ...

在云南这片承载着生物多样性与农耕文明的沃土 上,中国银行股份有限公司云南省分行(以下简称"云 南中行"）以金融之笔擘画乡村振兴新蓝图,深度融入 高原特色农业高质量发展大局。作为服务地方经济发展 的金融主力军,云南中行聚焦云茶、云花、云咖等高原 特色农产业,以产业链金融创新打破传统农业桎梏,以 数字金融破解乡村融资难题,以普惠金融助推县域产业 发展,将金融"活水"精准滴灌至高原特色农业全链 条,助力"小而美"的云品蜕变为富民强省的"金名 片",在服务乡村振兴、发展县域金融的征程中,书写 金融报国的时代答卷。 点击开启 all 1 云南中行"沃土新声"行动 ...

金融作为国民经济的血脉，是推进乡村振兴不可或缺的重要驱动力，县域经济发展成色如何与县域 金融支持力度密不可分。当前，县域金融已成为推动乡村振兴的重要力量，县域金融发展在农业农村现 代化中具有怎样的作用？金融科技如何赋能县域经济和金融发展？金融服务乡村振兴将面临什么新任务 和新要求？ 日前，在由中国县镇经济交流促进会与广东金融学院共同举办的"第六届中国县域金融发展论坛暨 第七届村镇银行年会"上，来自全国各地村镇银行、农村商业银行、城市商业银行，全国性股份制商业 银行，国有商业银行高管，大专院校研究院所专家学者300多人相聚广东金融学院，围绕上述问题，展 开了深入交流。 与会代表一致认为，县域金融发展在农业农村现代化中具有关键作用，推动县域金融和农村金融健 康发展，是我国深化金融改革不可或缺的重要内容，是建设金融强国、服务乡村振兴的必然要求，也是 县域中小金融机构适应数字化转型，更好服务实体经济，提升风险应对能力，并实现自身高质量发展的 必然选择。 县域金融发展在农业农村现代化中具有关键作用 县域金融发展在农业农村现代化中具有怎样的作用？ 十四届全国政协委员、中国社会科学院农村发展研究所党委书记、中国县镇经济交流 ...

中新网11月21日电(记者左雨晴) "当前县域金融已基本解决服务覆盖'有没有'的问题，正迈向'好不好'的 高质量发展新周期"。近日，中国人民银行原副行长、中国互联网金融协会首届会长李东荣在第六届中 国县域金融发展论坛暨第十七届村镇银行年会上表示。 县域金融是连接城市资本与乡村产业的关键纽带。近年来，我国县域金融在服务网络覆盖、信贷规模扩 张等方面取得了一系列成就，但也面临发展区域不平衡、合规风险、数字化水平低等痛点。 中国社会科学院农村发展研究所党委书记、中国县镇经济交流促进会会长杜志雄指出，县域产业结构单 一导致抗风险能力不足、金融服务深度不够与人才短缺形成双重挤压等问题相互交织，制约了金融赋能 实效。 面对从"覆盖"到"提质"的转型命题，与会专家认为新路径的探索，需科技赋能与协同联动来破局。 （文章来源：中国新闻网） 杜志雄强调，"县域金融高质量发展需要政府、市场与社会形成合力，任何单方面的努力都难以奏效。" 李东荣认为，金融科技已成为数字经济发展的重要驱动力，有效赋能县域金融与农村金融的创新发展。 金融机构既要扛起支持乡村振兴的使命责任，也要把握金融科技带来的创新机遇。"为了让金融服务覆 盖全社会的普通 ...

Core Insights - The article discusses the launch of the "Meituan Co-branded Credit Card" by Agricultural Bank of China in collaboration with Meituan, focusing on unlocking consumer benefits in county-level markets [3] Group 1: Product Features - The co-branded credit card offers two unique card designs: the "Fun Version" featuring a green background representing Agricultural Bank and the "Vitality Version" highlighting common life elements from Meituan's ecosystem [3] - The card provides significant benefits for new customers, including up to 360 yuan in rewards, covering high-frequency daily scenarios such as food delivery, group buying, ride-hailing, and movie tickets [3] - Additional perks include payment discounts and membership benefits for coffee, tea, and audio-visual services, catering to comprehensive consumer needs [3] Group 2: Strategic Goals - The launch of the credit card is part of Agricultural Bank's commitment to social responsibility, emphasizing "payment for the people and inclusive finance" [3] - The bank aims to align with the central financial work conference's directives, focusing on developing new productive forces and deepening innovation with leading partners [3] - Future plans include introducing more products tailored to the consumption upgrades in county-level markets, enhancing financial benefits for these regions [3]

信风统计发现，A股42家上市银行中，前三季度利润增速突破15%的机构仅有2家，齐鲁银行正是其中之一。 下行周期中持续发酵的县域金融业务，正在成为银行业绩新的价值锚地。 前三季度，齐鲁银行录得营收、归母净利99.24亿元、39.63亿元，同比增幅分别为4.63%、15.14%。 尽管从更长时间回溯，该行近五年营收、净利增速已处于下行通道，4.63%的营收增幅甚至创下历史新低； 但与同业横向比较，两位数的利润增速在上市银行中已较为鲜见。 如今的稳健表现，很大程度上可追溯至六年前的前瞻性布局。 当同业普遍聚焦城市业务时，齐鲁银行曾将县域金融确立为全行核心战略； 如今其县域存贷款占比均已达到全行约三成，广阔的下沉市场不仅为其提供了差异化的竞争优势，亦成为其穿越周期、实现稳健增长的重要支柱。 收入结构上，该行利息、中收、投资收益对营收的贡献率分别为78.24%、10.44%、14.82%。 支柱业务传统信贷的量价齐增，支撑其利息净收入增长17.31%，成为营收向好的关键。 一方面，是齐鲁银行仍维持了较高的扩表速度： 前三季度，资产、负债分别较年初增长12.93%、13.22%，大幅领先行业整体水平； 其中贷款、存款增幅 ...

银行股再次"大象起舞"，与其本身流动性好、分红稳定、股息率较高等特征有关，在低利率、"资产 荒"环境下，这些特征对中长期资金具有较强吸引力。此外，市值管理相关规定的落实，对提升银行板 块估值也有推动作用。 11月12日，银行板块再现"大象起舞"行情，两大龙头股农业银行、工商银行股价均创下历史新高。农业 银行总市值再迎突破，是目前A股市场市值最大的公司。近期，受市场风格切换影响，资金回流银行板 块趋势加速演绎。机构人士认为，银行股以高股息的"类债资产"属性，对中长期资金的吸引力仍较大。 同时，在市场风格切换下，三季度资金低配板块迎补仓机遇，银行板块成为受益对象之一。 银行板块获资金加持 11月12日，A股42只银行股多数收涨。其中，农业银行以3.49%的涨幅领涨板块，中国银行、渝农商行 （601077）、长沙银行（601577）、上海银行（601229）等涨幅居前。农业银行强劲的股价上涨，带动 该股市净率提升，目前其市净率达到1.1倍，在A股上市银行中最高。 业内人士表示，农业银行强势行情背后，有基本面稳健的因素，也有资金面的推动：受益于在"县域金 融"的深度布局，未来信贷增长空间大、息差韧性更强；资产质量较好 ...

Core Viewpoint - The banking sector is experiencing a significant rally, with Agricultural Bank of China and Industrial and Commercial Bank of China reaching historical highs, driven by a shift in market style and increased capital inflow into the banking sector [1][2]. Group 1: Market Performance - On November 12, 42 banking stocks in A-shares mostly rose, with Agricultural Bank leading the sector with a 3.49% increase, boosting its price-to-book ratio to 1.1, the highest among A-share listed banks [1]. - The banking sector has seen a net inflow of over 300 million yuan in the past five trading days, ranking first among 36 Wind secondary industry sectors [2]. Group 2: Fundamental and Technical Factors - The strong performance of Agricultural Bank is attributed to its solid fundamentals, including deep penetration in county-level finance, strong asset quality, and robust risk absorption and profit reinvestment capabilities [2][3]. - The low volatility and stable dividends of bank stocks have made them attractive to long-term funds in a low-interest-rate environment, contributing to the recent capital shift towards the banking sector [2]. Group 3: Institutional Activity - Recent reports indicate a decrease in public fund holdings in bank stocks, creating a replenishment opportunity for underweight sectors, with banks expected to benefit from this trend [3]. - Several bank executives and major shareholders have disclosed plans to increase their holdings, signaling confidence in the long-term investment value of bank stocks [3].

Core Viewpoint - Agricultural Bank of China has shown strong performance in the stock market, reaching a historical high with a market capitalization exceeding 3 trillion yuan, driven by solid fundamentals and favorable market conditions [1][2] Group 1: Stock Performance - On November 12, the banking sector rose against the trend, with Agricultural Bank's stock price increasing approximately 3.13% to 8.56 yuan [1] - The bank's stock has seen a cumulative increase of over 60% year-to-date, outperforming the Shanghai Composite Index [1] - Agricultural Bank has maintained its position as the top A-share market value leader since early August [1] Group 2: Financial Performance - For the first three quarters of 2025, Agricultural Bank reported operating income of 550.88 billion yuan, a year-on-year increase of 1.97%, and a net profit attributable to shareholders of 220.86 billion yuan, up 3.03% [1][2] - As of September 30, 2025, the bank's total assets reached 48 trillion yuan, reflecting an 11.33% growth compared to the end of the previous year [1] Group 3: County Financial Potential - The bank's strong performance is attributed to the release of potential in county-level finance, with county loans amounting to 10.90 trillion yuan, a 10.57% increase year-on-year [2] - The proportion of county loans in domestic loans stands at 40.98%, indicating a strategic focus on this segment [2] Group 4: Asset Quality and Valuation - As of September 30, the non-performing loan ratio was 1.27%, a decrease from the beginning of the year, with a provision coverage ratio of 295.08% and a capital adequacy ratio of 17.78% [2] - Agricultural Bank's A-share price-to-earnings ratio is 10.17, with a dividend yield of 2.86%, making it the only major bank with a price-to-book ratio exceeding 1 [2] Group 5: Dividend Distribution - The bank has completed two cash dividend distributions for the 2024 fiscal year, totaling 84.66 billion yuan, and plans to distribute an additional 41.82 billion yuan, representing 30% of its semi-annual net profit [3]

Investment Rating - The investment rating for Agricultural Bank of China is "Buy" with a 6-month outlook maintained [6]. Core Insights - Agricultural Bank of China reported a revenue of 550.88 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 1.97%, and a net profit attributable to shareholders of 220.86 billion yuan, up 3.03% year-on-year [1][2]. - The bank's annualized weighted ROE stands at 10.47%, showing a quarter-on-quarter increase of 0.31 percentage points [1]. - The bank's net interest income, net fee and commission income, and net other non-interest income showed year-on-year changes of -2.40%, +13.34%, and +31.72% respectively, indicating a continuous improvement trend [2]. Financial Performance Summary - For the first three quarters of 2025, Agricultural Bank's operating income, pre-provision profit, and net profit attributable to shareholders grew by 1.97%, 1.13%, and 3.03% respectively, showing improvements compared to the first half of 2025 [2]. - The bank's total assets grew by 10.52% year-on-year, with loans and financial investments increasing by 9.31% and 15.64% respectively [3]. - The bank's net interest margin recorded at 1.30%, ranking second among the major banks, with a slight decline of 2 basis points from the first half of 2025 [3]. Non-Interest Income and Asset Quality - Non-interest income showed strong performance, with net fee and commission income increasing by 23.59% year-on-year in Q3 2025, benefiting from the stock market recovery [4]. - The bank's non-performing loan ratio was 1.27% as of the end of September 2025, ranking second lowest among major banks, with a quarter-on-quarter decrease of 1 basis point [4]. Profit Forecast and Valuation - The bank is expected to maintain strong growth potential, with projected net profit growth rates of 2.07%, 3.97%, and 4.95% for 2025, 2026, and 2027 respectively [5]. - The estimated book value per share for 2025, 2026, and 2027 is projected to be 7.69 yuan, 8.12 yuan, and 8.53 yuan respectively [5].