Core Viewpoint - The forum highlighted the need for collaborative efforts to promote high-quality development of cross-border trade amidst rising unilateralism, protectionism, and geopolitical tensions affecting global trade costs and efficiency [1] Group 1: Industry Challenges and Opportunities - The global economic landscape is undergoing significant adjustments, with increased focus on stabilizing global supply chains and enhancing international trade competitiveness [1] - The potential of trade finance in ensuring the stability of supply chains and enhancing international trade competitiveness is emphasized [1] Group 2: Technological Innovations - New technologies such as big data, blockchain, and artificial intelligence are driving the digital transformation of trade finance services, including the implementation of electronic bills of lading and smart contracts [1] - The integration of various data resources around trade finance customers' needs is aimed at providing a comprehensive suite of financial services for cross-border transactions [2] Group 3: Collaborative Ecosystem Development - The establishment of a collaborative ecosystem involving insurance, logistics, and e-commerce platforms is crucial for creating an efficient support system that integrates financial support, customs facilitation, and risk management technologies [2]

Core Viewpoint - The Bank of Communications is actively participating in the construction of the Shanghai shipping trade digital platform, collaborating with various stakeholders to innovate cross-border financial services and support the stability of supply chains [1] Group 1: Cross-Border Financial Services - The bank aims to integrate shipping, trade, and financial data resources to provide e-commerce companies with secure, efficient, and convenient one-stop financial services for cross-border settlement, financing, and risk management [1] - This initiative is designed to contribute to the stability and smooth operation of global supply chains [1] Group 2: Digital Empowerment - The bank is leveraging blockchain and artificial intelligence technologies to quickly respond to customer needs, enabling instant cross-border remittances [1] - The focus is on addressing the financing challenges faced by small and micro enterprises, particularly in terms of accessibility and cost [1] Group 3: Ecosystem Collaboration - The bank is collaborating with insurance, logistics, and e-commerce platforms to create a synergistic ecosystem that integrates financial support, customs facilitation, and risk prevention technologies [1] - This collaborative approach aims to form an efficient and coordinated support system for cross-border trade [1]

Core Insights - The eighth China International Import Expo (CIIE) commenced on November 5, showcasing the continuous participation of Bank of Communications (BoCom) as the only state-owned commercial bank headquartered in Shanghai [1] - BoCom's exhibition theme "Smart Travel, Financial Empowerment" highlights its innovative financial technology and immersive interactive experiences [1] - The bank aims to integrate financial services with cultural tourism, launching the "Cultural Tourism Grand Show" brand to stimulate public tourism enthusiasm [1][3] Financial Services and Innovations - BoCom's international and digital service network is showcased through its overseas institutions and cross-border financial support, emphasizing its comprehensive service capabilities [1] - The bank introduced "Jiaoyin Car Loan" and "Auto Installment" services to enhance the car purchasing experience, alongside the launch of a digital RMB service in collaboration with Shanghai Public Transport Card Company [1] - The upgraded versions of BoCom's APP and "Mai Dan Ba" APP were presented, enhancing customer experience and accessibility to financial services [1][4] Support for Trade and Tourism - BoCom is hosting a sub-forum at the Hongqiao International Economic Forum focused on "Maritime Trade Finance Supporting High-Quality Development of Cross-Border Trade" [4] - The bank is actively promoting the "Cultural Tourism Grand Show" brand in collaboration with various tourism units and media, aiming to enhance the entire consumption chain in tourism [4] - A new "Cross-Border QR Code" payment service tailored for Korean tourists will be launched in mid-December, enhancing their spending experience in China [4] Comprehensive Service Strategy - BoCom is implementing a multi-dimensional service strategy to support the CIIE, aiming to maximize the platform's functionality and overall benefits [5] - The bank emphasizes its commitment to providing comprehensive financial services for the CIIE, aligning with national priorities and enhancing its role in the event [5]

Core Insights - The core viewpoint of the report is that Bank of Communications has shown steady growth in its financial performance for the first three quarters of 2025, with a focus on enhancing its role in Shanghai's economic development and improving its financial services capabilities [1] Financial Performance - As of the end of the reporting period, Bank of Communications had total assets of 15,499.783 billion yuan, an increase of 599.066 billion yuan, representing a growth of 4.02% compared to the end of the previous year [1] - For the first three quarters of this year, the bank achieved operating income of 199.645 billion yuan, a year-on-year increase of 1.80% [1] - The net profit attributable to shareholders reached 69.994 billion yuan, reflecting a year-on-year growth of 1.90% [1] Strategic Initiatives - The bank is deeply integrated into Shanghai's "Five Centers" construction, focusing on enhancing its technological financial capabilities and maintaining its leading position in financial market operations [1] - It has established cooperation with 65 major municipal projects and 191 district-level projects in Shanghai during the reporting period [1] - The bank has completed "Bond Connect" transactions amounting to 650.1 billion yuan and "Swap Connect" transactions totaling 634.4 billion yuan [1] Risk Management - As of the end of the reporting period, the non-performing loan ratio was 1.26%, a decrease of 0.05 percentage points from the end of the previous year [1] - The provision coverage ratio stood at 209.97%, an increase of 8.03 percentage points compared to the end of the previous year [1] - The bank disposed of non-performing loans amounting to 55.737 billion yuan, which is a year-on-year increase of 28.12% [1]