本文字数：2695，阅读时长大约4分钟 2025.09.08 今年上半年，42家A股上市银行中，净息差排在前三位的分别是常熟银行、招商银行、长沙银行；排在 后三位的是紫金银行、上海银行、厦门银行，其中厦门银行以1.08%的净息差垫底。上半年，仅西安银 行、重庆银行、齐鲁银行净息差逆势上行，江阴银行、贵阳银行、长沙银行、紫金银行净息差下降仍超 过20BP（基点）。 瑞丰银行内部进行息差管控大PK 据瑞丰银行官方消息，该行于9月6日（周六）上午召开了2025年息差管控案例比拼大赛，16家入围单位 逐一上场，展现支行、村行、条线在息差管控中的优秀案例和经验。 从出席人员来看，这场大赛规格不低——瑞丰银行党委书记、董事长吴智晖出席会议并讲话，党委副书 记、行长陈钢梁主持会议。行领导，支行、部门负责人，支行业务主管、会计主管、运营主管等参会。 上述文章没有披露参赛案例的详细情况，不过，从对优秀案例的表彰情况来看，大赛设置了支行一、 二、三等奖，以及支行优胜奖、部室优胜奖、部室最佳执行奖等奖项。 这也被业内看作银行业"各显神通"稳息差的一个缩影。有金融人士认为，这一形式别出心裁，能比较好 地切中痛点。 吴智晖在现场表示， ...

作者 | 第一财经 亓宁 经营压力下，银行业息差保卫战持续白热化。这个周末，瑞丰银行召开2025年息差管控案例比拼大赛，引起业内关注。 2025.09. 08 本文字数：2695，阅读时长大约4分钟 从半年报数据来看，银行业息差仍面临下行压力，但降幅已有边际收窄趋势。综合各行业绩会透露的信息，接下来，存款和贷款利率都还有下降空间， 对资产负债结构的调控、定价"反内卷"等是稳息差的重要方向。 今年上半年，42家A股上市银行中，净息差排在前三位的分别是常熟银行、招商银行、长沙银行；排在后三位的是紫金银行、上海银行、厦门银行，其 中厦门银行以1.08%的净息差垫底。上半年，仅西安银行、重庆银行、齐鲁银行净息差逆势上行，江阴银行、贵阳银行、长沙银行、紫金银行净息差下 降仍超过20BP（基点）。 瑞丰银行内部进行息差管控大PK 据瑞丰银行官方消息，该行于9月6日（周六）上午召开了2025年息差管控案例比拼大赛，16家入围单位逐一上场，展现支行、村行、条线在息差管控 中的优秀案例和经验。 从出席人员来看，这场大赛规格不低——瑞丰银行党委书记、董事长吴智晖出席会议并讲话，党委副书记、行长陈钢梁主持会议。行领导，支行、部门 ...

经营压力下，银行业息差保卫战持续白热化。这个周末，瑞丰银行召开2025年息差管控案例比拼大赛， 引起业内关注。 从半年报数据来看，银行业息差仍面临下行压力，但降幅已有边际收窄趋势。综合各行业绩会透露的信 息，接下来，存款和贷款利率都还有下降空间，对资产负债结构的调控、定价"反内卷"等是稳息差的重 要方向。 今年上半年，42家A股上市银行中，净息差排在前三位的分别是常熟银行、招商银行、长沙银行；排在 后三位的是紫金银行、上海银行、厦门银行，其中厦门银行以1.08%的净息差垫底。上半年，仅西安银 行、重庆银行、齐鲁银行净息差逆势上行，江阴银行、贵阳银行、长沙银行、紫金银行净息差下降仍超 过20BP（基点）。 瑞丰银行内部进行息差管控大PK 吴智晖在现场表示，全行要优机制、明责任、强执行，并对息差管控提出了多项要求。其中提到，要清 醒认识到息差管控的重要性和紧迫性，总行要担起首要责任，中层干部要发挥"枢纽"作用，基层一线要 筑牢"前沿阵地"，要将息差管控植入到每一项业务、每一个流程、每一位员工的日常行动中，形成"人 人关心息差、人人贡献息差"的良好氛围。 半年报显示，今年上半年，瑞丰银行净息差为1.46%，较去年下 ...

Economic Overview - Guangdong's economy continues to show a recovery trend in the first half of 2025, with overall stability and improvement in financial operations [1] - The financial sector has supported this recovery through three positive changes: optimization of social financing structure, strengthened support for key industries, and a trend towards increased demand for demand deposits [2] Financing and Investment - From January to May 2025, Guangdong's social financing scale increased by 1.33 trillion yuan, with direct financing accounting for a rising proportion [2] - The increase in direct financing included 389.4 billion yuan from non-financial corporate bonds, stocks, and local government bonds, representing 29.2% of the total financing increment [2] - Manufacturing loans increased by 278.7 billion yuan, accounting for 22.6% of total loan growth, with a year-on-year growth of 7.8% in medium and long-term loans [2] Technological Finance - Guangdong has introduced innovative financial service models for technology enterprises, including "benefit-sharing plans" and "equity loan guarantees," enhancing the comprehensive financial service system for the entire lifecycle of technology firms [3][4] - As of May 2025, the balance of technology loans in Guangdong reached 5.6 trillion yuan, with a year-on-year growth of 7.3% [3] Green Finance - Green finance has been actively promoted to support low-carbon development, with green loan balances reaching 4.2 trillion yuan, a year-on-year increase of 18.4% [5] - Guangdong has issued 39 transformation loans totaling 3.36 billion yuan to support high-carbon industries in their transition to low-carbon operations [5][6] Transition Finance - Transition finance is crucial for supporting high-carbon industries in their shift to low-carbon practices, addressing the financing gap for these sectors [6][7] - Guangdong is promoting the application of transition finance standards across various industries, with specialized credit products like "industrial low-carbon transition loans" and "transition-linked loans" being introduced [7]

Group 1 - The core viewpoint of the articles highlights the trend of increased liquidity in corporate and household deposits, indicating a shift towards demand deposits while maintaining a significant level of time deposits [1][2] - In June, the proportion of demand deposits in new corporate and household deposits reached 83% and 95% respectively, compared to historical ranges of 40% to 70% [1] - The decline in deposit interest rates is identified as a key factor driving the trend towards liquidity in deposits, as banks adjust rates to stabilize interest margins [1][2] Group 2 - Despite the trend towards liquidity, the proportion of time deposits remains high, with household time deposits accounting for 73.5% as of mid-year, showing only a slight decrease from the previous month [2] - The asset side of banks has seen a more significant decline in interest rates compared to the liability side, contributing to a narrowing net interest margin [2][3] - The average interest rate for new corporate loans was approximately 3.3%, down about 45 basis points year-on-year, while personal housing loan rates were around 3.1%, down about 60 basis points [2] Group 3 - Financial regulatory authorities emphasize the importance of maintaining a reasonable net interest margin to support both the real economy and the health of the banking system [3][4] - The People's Bank of China aims to enhance the market-oriented interest rate transmission mechanism to support banks in lowering their funding costs [3][4] - Structural monetary policy tools are expected to play a more significant role in supporting key sectors and weak links in the economy, thereby reducing banks' funding costs [3]

Group 1 - The core viewpoint indicates that the increase in demand deposits reflects the gradual effect of previous interest rate adjustment policies, which is beneficial for promoting consumption and investment [1][2] - In the first five months of 2025, the social financing scale increment in Guangdong reached 1.33 trillion yuan, with direct financing's proportion continuing to rise [1] - The increase in local government bond financing amounted to 239.9 billion yuan, while corporate bond financing increased by 125.2 billion yuan, primarily due to lower bond financing costs [1] Group 2 - As of June 2025, the balance of loans in Guangdong reached 29.6 trillion yuan, with a year-on-year growth of 4.8%, marking a continuous increase for three months [1] - The average weighted interest rate for newly issued general loans in Guangdong was 3.04% in June 2025, a decrease of 38 basis points year-on-year [2] - The balance of deposits in Guangdong reached 37.7 trillion yuan, with a year-on-year growth of 5.6%, indicating a significant increase in demand deposits [2]

从2025年上半年广东省金融运行形势新闻发布会上获悉，截至2025年6月末，广东本外币贷款余额29.6 万亿元，同比增长4.8%，增速连续三个月回升；比年初增加1.2万亿元、同比多增1098亿元。存款余额 37.7万亿元、同比增长5.6%，增速分别比上年同期、一季度末高3.4个、3.0个百分点；比年初增加1.1万 亿元、同比多增4466亿元。存款活期化趋势显现。6月末，住户及企业部门活期存款余额比年初增加 5297亿元、同比多增6898亿元，同比增速达8.8%，比各项存款增速高3.2个百分点。（记者 郭子硕） ...

Core Viewpoint - The People's Bank of China (PBOC) Guangdong Branch reported a significant recovery in social financing and monetary credit growth in Guangdong during the first half of 2025, with a notable increase in direct financing and support for key industries [1][2]. Group 1: Social Financing and Credit Growth - In the first five months of 2025, Guangdong's social financing increased by 1.33 trillion yuan, with a total loan balance of 29.6 trillion yuan as of June 2025, reflecting a year-on-year growth of 4.8% [1]. - The growth rate of social financing has been rising for three consecutive months, indicating a positive trend in financial support [1]. Group 2: Structural Changes in Financing - The structure of social financing has been continuously optimized, with direct financing's share increasing. Market-based direct financing, including non-financial corporate bonds, stocks, and local government bonds, rose by 389.4 billion yuan, accounting for 29.2% of the total social financing increment [1]. - Off-balance-sheet financing has contracted, with trust loans, entrusted loans, and unendorsed bank acceptance bills decreasing by 110.9 billion yuan, primarily due to a decline in the issuance of bills in the wholesale and retail sectors [1]. Group 3: Support for Key Industries - Financial support for key industries, including technology, inclusive finance, and green finance, has strengthened, with manufacturing loans increasing by 278.7 billion yuan, representing 22.6% of total loan growth [2]. - Loans for urban renewal projects have also been significant, with 169.7 billion yuan allocated for specific projects, leading to an overall increase of 484 billion yuan in related sectors [2]. Group 4: Deposit Trends - There is a noticeable trend towards increased demand deposits, with household and corporate demand deposits rising by 529.7 billion yuan by the end of June, reflecting an 8.8% year-on-year growth [2]. - The acceleration in demand deposit growth indicates the effectiveness of previous interest rate adjustments, which may stimulate consumption and investment [2].

2025.07. 16 本文字数：3177，阅读时长大约5分钟 作者 | 第一财经 杜川 7月14日，央行发布的6月金融数据显示，当月新增信贷2.24万亿元，同比多增1100亿元，信贷余额同比 增长7.1%，持平上月；M2同比增速升至8.3%，M1同比提升至4.6%，两者剪刀差收窄至3.7个百分点， 资金活化态势明显。 金融数据亮点突出，信贷与社融增量显著回升，居民、企业、政府三部门均衡发力，印证了货币政策对实 体经济支持力度加大，降息降准及新型政策性工具等扩内需措施成效显现。同时，存款结构优化、活化特 征凸显，M1增速持续反弹。 值得注意的是，6月，居民信贷呈现"同比微增、环比大幅上扬"态势，消费与购房需求温和修复。不过， 居民贷款增长因去年低基数显得平淡。此外，从上半年整体来看，居民部门贷款结构上呈现"中长期主 导、短期拖累"特征，反映出消费与购房意愿仍待进一步提振。 居民信贷"中长期主导、短期拖累" 6月，我国居民部门信贷呈现恢复态势，实现同比微增、环比大幅增加，消费与购房需求温和修复。 环比来看，6月，人民币贷款环比增加1.62万亿元。其中，住户贷款环比增加5436亿元，短贷、中长期贷 款较上月增幅明 ...

Group 1: Financial Data Overview - In June, new credit increased by 2.24 trillion yuan, a year-on-year increase of 110 billion yuan, with a credit balance growth of 7.1% [1][2] - M2 growth rate rose to 8.3%, while M1 increased to 4.6%, indicating a significant activation of funds [1][7] - The financial data highlights a notable recovery in credit and social financing, reflecting enhanced monetary policy support for the real economy [1][4] Group 2: Consumer and Housing Demand - In June, household credit showed a "slight year-on-year increase and a significant month-on-month rise," indicating a moderate recovery in consumption and housing demand [2][3] - The average interest rate for personal housing loans dropped to 3.1%, easing the monthly payment burden on residents and contributing to a 17% month-on-month increase in housing transactions in 30 major cities [2][3] Group 3: Loan Structure and Trends - The structure of household loans in the first half of the year showed a "long-term dominance and short-term drag" characteristic, with total household loans increasing by 1.17 trillion yuan, a year-on-year decrease of 290 billion yuan [3][4] - Short-term loans decreased slightly, while medium- and long-term loans increased significantly, reflecting cautious consumer behavior regarding spending and housing purchases [3][4] Group 4: Deposit Trends - In the first half of the year, RMB deposits increased by 17.94 trillion yuan, with a total balance of 320.17 trillion yuan by the end of June, showing an 8.3% year-on-year growth [6][7] - The structure of deposits has shifted, with a significant increase in the proportion of demand deposits, reaching 83% for households and 95% for enterprises [7][8] Group 5: Policy Outlook - The macroeconomic policy focus for the second half of the year will center on "expanding domestic demand" and "curbing involution," with expectations for further monetary easing [9][10] - Structural monetary policy tools will continue to support key sectors such as technology innovation and consumption, aiming to enhance economic restructuring and transformation [9][10]