打开京东资产平台，搜索栏自动联想的热词不再是电子产品，而是"银行直供房"。四川农信系统挂牌2.4万套、广东农信1.2万套、辽宁农信1.1万套......这些 冰冷的数字背后，是银行柜台正在演变为中国最大的"线上售楼处"。当金融机构集体变身房产中介，这场史无前例的资产大甩卖，究竟释放出怎样的市场信 号？ 银行仓库里的"不动产堰塞湖" 兰州农商行打包出售的471套商业用房，像超市货架上的临期商品般被标注"五折起拍"；吉林银行员工的朋友圈里，房产销售海报取代了理财产品广告；广 东某农信社的年度报告中，"抵债资产处置率"首次超越"不良贷款率"成为核心KPI。这些细节拼凑出一个残酷现实：银行手里积压的房产，已从零星抵押物 升级为需要系统性消化的"不良资产包"。 与传统法拍房不同，这批"银行直供房"具有鲜明的时代特征。从区域分布看，新一线城市占比38%成为重灾区，沈阳、成都等地的商业物业占比高达62%； 三四线城市则以住宅为主，但普遍存在配套缺失问题，如海南澄迈某度假房入住率不足10%。更值得关注的是单家银行处置规模——四川农信2.4万套的挂 牌量，相当于中型房企两年的开发量。 断供潮背后的债务链崩塌 辽宁沈抚新区某学区 ...

Group 1 - The core point of the news is the unexpected success of the bond issuance by Jinlang Technology, with over 432,000 winning numbers for the convertible bond Jinlang 02, attracting many retail investors [1] - The current stock price of Jinlang Technology is 76.38 yuan, with a conversion price of 89.82 yuan and a conversion value of 85.04 yuan, indicating a low conversion value which is rare in recent times [1] - Despite the low conversion value, the bond has a high rating of AA, suggesting that investors may still achieve positive returns from the new convertible bond, even if it experiences a slight decline [1] Group 2 - There is a possibility that the market may rise during the period between the winning announcement and the bond's listing, potentially increasing the conversion value of Jinlang 02 and enhancing investor returns [2] - The current market sentiment is cautious, with many investors hesitant due to the index nearing a ten-year high, reflecting a lingering "bear market mentality" among seasoned investors [3] - The banking sector, particularly state-owned banks like Agricultural Bank, is showing signs of recovery, breaking out of a long period of low valuations and indicating a potential re-evaluation of low valuation, high dividend assets [5]

Group 1 - Central viewpoint: Several actively managed funds are implementing subscription limits to control product scale and protect existing investors' interests [1][2] - Zhongou Digital Economy Mixed Fund announced a subscription limit of 1 million yuan per day per account, with a return rate exceeding 150% in the past year [1] - Yongying Fund and GF Fund also announced similar subscription limits for their high-performing funds, with returns of over 65% and 147% respectively in the past year [1] Group 2 - Industry experts suggest that subscription limits help mitigate the "too big to turn" issue and prevent arbitrage activities involving suspended stocks [2] - Allianz Fund's research department anticipates that the current market fluctuations will not alter the upward trend, as the stock market enters a new value reassessment cycle [2] - There is an expectation of significant excess returns from quality technology assets in the third quarter [2]