凤凰网科技讯 北京时间1月8日，据《华尔街日报》报道，据知情人士透露，摩根大通已达成协议，从 高盛手中接管苹果公司的信用卡项目。 作为美国最大银行，摩根大通将成为苹果信用卡的新发卡行。苹果信用卡是规模最大的联名信用卡项目 之一，未偿还余额约200亿美元，相关谈判已持续一年多。 若无最后变数，这笔交易预计将很快宣布。它将进一步巩固摩根大通在信用卡领域的巨头地位，同时也 标志着高盛在消费贷款领域的实验最终以失败告终。 这项新的合作预计将使美国最具影响力的两家公司关系更为紧密，尤其是在支付行为日益通过手机、手 表及其他智能设备完成的背景下。摩根大通由此获得了忠实的苹果用户群体，可向其推销更多金融产 品；而苹果则获得了一个拥有庞大消费客群的合作伙伴，助其销售更多硬件设备并提供消费金融服务。 据知情人士透露，高盛预计将以超过10亿美元的折价，甩卖约200亿美元的信用卡未偿余额。在大多数 联名信用卡项目中，相关余额通常是溢价出售的，溢价幅度最高可达8%；对于最优质的项目，溢价率 甚至可能达到两位数百分比。折价出售的情况十分罕见，通常只会出现在问题最为棘手的项目中。 知情人士称，摩根大通将为苹果信用卡的新老持卡人提供发卡服 ...

Group 1: Industry Investment Rating - No industry investment rating information is provided in the report. Group 2: Core View - There is no clear core view presented in the report. Group 3: Summary of Related Catalogs 1. Fundamental Tracking - **Price and Volume**: The closing price of Shanghai Zinc main contract was 23,605 yuan/ton, up 2.65%; the closing price of LME Zinc 3M electronic disk was 3,139 dollars/ton, down 1.84%. The trading volume of Shanghai Zinc main contract was 189,030 lots, an increase of 95,968 lots; the trading volume of LME Zinc was 18,374 lots, a decrease of 1,756 lots. The open interest of Shanghai Zinc main contract was 91,374 lots, an increase of 2,875 lots; the open interest of LME Zinc was 223,499 lots, an increase of 3,372 lots [1]. - **Premium and Discount**: The premium of Shanghai 0 zinc was 65 yuan/ton, unchanged; the premium of LME CASH - 3M was 83 dollars/ton, down 87 dollars/ton. The premium of Guangdong 0 zinc was -15 yuan/ton, unchanged; the import bill of lading premium was 135 dollars/ton, unchanged. The premium of Tianjin 0 zinc was -45 yuan/ton, unchanged; the spot import profit and loss of zinc ingots was -4,080.64 yuan/ton, a decrease of 283.09 yuan/ton [1]. - **Inventory**: Shanghai Zinc futures inventory was 51,282 tons, a decrease of 1,520 tons; LME zinc inventory was 61,925 tons, an increase of 1,575 tons. The LME zinc cancelled warrants were 4,225 tons, a decrease of 225 tons; the LME off - warrant (T + 3) was 34,540 tons, an increase of 3,761 tons [1]. - **Related Products**: The tax - included price of 1.0mm hot - dipped galvanized coil was 4,113 yuan/ton, down 4 yuan/ton. The price of Shanghai Zamak - 5 zinc alloy was 24,925 yuan/ton, an increase of 590 yuan/ton; the price of Shanghai Zamak - 3 zinc alloy was 24,375 yuan/ton, an increase of 590 yuan/ton. The price of zinc oxide ≥99.7% was 22,600 yuan/ton, an increase of 500 yuan/ton [1]. 2. News - The Ministry of Commerce and other three departments will strengthen the coordination between commerce and finance to boost consumption. They will strengthen consumer finance services for large durable consumer goods and digital products, encourage the use of digital RMB smart contract red envelopes, and explore the use of various methods such as financing guarantee, loan discount, and risk compensation to guide credit funds to key consumption areas [2]. 3. Trend Intensity - The trend intensity of zinc was 1, indicating a relatively positive trend, with the range of trend intensity being integers in the [-2, 2] interval [2][3].

Core Insights - The Shenzhen banking and insurance sectors demonstrated stable performance in the first half of 2025, with significant growth in various financial metrics [1][2] Banking Sector Summary - As of the end of June 2025, the total assets of the banking sector in Shenzhen reached 13.98 trillion yuan, a year-on-year increase of 3.64% - The total liabilities amounted to 13.61 trillion yuan, growing by 3.7% year-on-year - The balance of various loans was 9.83 trillion yuan, up by 3.46% year-on-year, while the balance of deposits reached 10.22 trillion yuan, reflecting a growth of 6.70% year-on-year [1] Insurance Sector Summary - The insurance sector achieved original premium income of 121.31 billion yuan in the first half of 2025, marking a year-on-year growth of 7.96%, the highest among first-tier cities - Claims paid out totaled 38.74 billion yuan, an increase of 8.84% year-on-year [1] Economic Support Initiatives - The Shenzhen Financial Regulatory Bureau has been actively supporting the stable operation of the local economy, with personal consumption loans reaching 817.70 billion yuan, a year-on-year increase of 7.63% [2] - Measures to support foreign trade included the introduction of 20 specific initiatives, with foreign trade enterprise loans totaling 1.12 trillion yuan, and small and micro foreign trade enterprise loans at 124.53 billion yuan, up by 5.43% year-on-year [2] Financial Support for Key Sectors - The manufacturing sector's loan balance reached 1.61 trillion yuan, growing by 6.47% year-on-year, with high-tech manufacturing loans at 1.03 trillion yuan, up by 6.73% [3] - Real estate financing mechanisms have been enhanced, with 403 approved projects totaling 549.30 billion yuan, of which 403.97 billion yuan has been disbursed [3] Support for Small and Micro Enterprises - The total loans issued to small and micro enterprises reached 667.49 billion yuan, leading among major cities, with a balance of inclusive small and micro enterprise loans at 1.96 trillion yuan, growing by 6.59% year-on-year [4] - The "Park Loan" 2.0 implementation plan has been launched to improve financial services for enterprises in industrial parks [4] Enhancements in Public Welfare Services - The "Shenzhen Huijia Bao" insurance product has been introduced to improve disaster resilience, with 34,800 policies issued and premium income of 2.28 million yuan since its launch [5] - The "Shenzhen Huimin Bao" for 2025 has expanded coverage while maintaining premium rates, with 6.15 million participants [5] - As of June 2025, 5.57 million personal pension accounts have been opened, with total contributions of 7.11 billion yuan [5]