◇ 作者：广发银行资产托管部 田卫来 姚秋歌 ◇ 本文原载《债券》2025年10月刊 摘 要 近年来，我国资产托管业务规模持续增长，市场竞争日趋激烈，行业呈现多元化发展格局。利差缩窄对商业银行资产托管业务发展 形成一定冲击，主要表现为托管费率不断压缩、运营风险管理难度加大、行业竞争格局加速分化等。从国际市场来看，欧美资产托 管机构为应对低利率环境开展了积极的探索和实践。建议我国资产托管机构聚焦成本控制和业务结构优化，并通过技术赋能、服务 增值与生态协同，逐步实现从基础服务商向金融生态赋能者转变。 关键词 利差缩窄 资产托管 技术驱动 资产管理 自2024年以来，利差缩窄、债券收益率曲线扁平化及"资产荒"等现象，给金融机构尤其是商业银行的经营带来诸多挑战。根据万得 （Wind）数据，我国商业银行的净利差已从2021年的2.08%降至2024年末的1.52%，部分中小银行甚至低于1.40%，处于历史低位。 资产托管业务收入属于非息收入，可带来大量资金沉淀，具有低风险、轻资本、轻资产的特点。在经济周期下行阶段，非息业务表 现出较强的业务黏性，为商业银行提供了稳定的综合收益。资产托管属于资产管理的配套服务，利差变化可 ...

证券日报网讯 云南铜业11月21日发布公告，在公司回答调研者提问时表示，据了解，大股东旗下的秘 鲁铜业生产情况正常。2023年6月，中国铜业与公司签署股权托管协议，中国铜业将其持有的中矿国际 100%的股权委托公司管理，以履行承诺，避免中矿国际与公司的同业竞争，保护公司和股东尤其是中 小股东的利益。公司作为中铝集团、中国铜业唯一铜产业上市平台，依托中铝集团作为央企的强大综合 实力及资源优势，公司和行业多个上下游企业、金融机构、科研院所，形成多样化的业务合作，得到各 方支持和信任。公司严格按照《深交所股票上市规则》等相关规定履行信息披露义务，后续如有资产注 入事项，将按照相关规定履行信息披露义务。 （编辑 袁冠琳） ...

人民财讯8月28日电，中国银行业协会近日发布《中国资产托管行业发展报告(2025)》，截至2024年 末，中国银行业资产管理类产品托管规模为182.20万亿元，较上年末增长12.64%；与客户资金保管类产 品服务规模合计达239.90万亿元；资管产品营运外包业务规模8.88万亿元。 ...

Core Viewpoint - Suzhou Bank has demonstrated strong operational performance and growth, maintaining a customer-centric integrated business strategy while focusing on regional economic development and innovation-driven financial services [1][3][11]. Group 1: Financial Performance - As of the end of 2024, Suzhou Bank's total assets reached 693.71 billion yuan, an increase of 91.87 billion yuan, or 15.27% year-on-year [3]. - The bank's total deposits amounted to 416.97 billion yuan, up by 53.14 billion yuan, reflecting a growth rate of 14.61% [3]. - Total loans stood at 333.36 billion yuan, with an increase of 39.96 billion yuan, marking a growth of 13.62% [3]. - For 2024, the bank achieved an operating income of 12.22 billion yuan, a year-on-year increase of 3.58 billion yuan, or 3.01% [3]. - Net profit reached 5.27 billion yuan, up by 4.76 billion yuan, representing a growth of 9.92% [3]. - By the first quarter of 2025, total assets surpassed 700 billion yuan, reaching 727.15 billion yuan, with a year-to-date increase of 33.44 billion yuan, or 4.82% [4]. Group 2: Risk Management - Suzhou Bank has established a comprehensive risk management system, achieving a non-performing loan ratio of 0.83% by the end of 2024, the lowest since its listing [7][10]. - The bank's provision coverage ratio was 483.50%, indicating strong risk mitigation capabilities [7]. - Core Tier 1 capital adequacy ratio stood at 9.77%, with total capital adequacy at 14.87%, all meeting regulatory requirements [7]. Group 3: Business Strategy - The bank's integrated business strategy focuses on "Technology + Cross-border" and "Livelihood + Wealth," enhancing support for the real economy and increasing service efficiency [1][11]. - In the technology finance sector, Suzhou Bank has developed a range of products tailored for innovative enterprises, with over 12,000 cooperative clients and a total credit amount exceeding 120 billion yuan [12]. - The retail banking segment has introduced the "Su Xin Retail" brand, focusing on pension finance and wealth management, with significant outreach in social security card issuance [13]. Group 4: Market Position and Shareholder Returns - Suzhou Bank has maintained a cash dividend payout ratio exceeding 30% for five consecutive years, with a proposed cash dividend of 2.00 yuan per 10 shares for 2024 [5]. - The bank's commitment to shareholder returns is reflected in its robust profit distribution plan, with a total cash dividend of 1.647 billion yuan for the year [5].