香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 CHINA ZHESHANG BANK CO., LTD. 浙商銀行股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2016） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10(B)條作出。 如下公告已於上海證券交易所網站刊登，僅供參閱。 特此公告。 承董事會命 浙商銀行股份有限公司 陳海強 董事長 中國，杭州 2026年3月30日 截至本公告日期，本行的執行董事為陳海強先生及馬紅女士；非執行董事為侯興 釧先生、任志祥先生、胡天高先生及應宇翔先生；獨立非執行董事為汪煒先生、 許永斌先生、傅廷美先生、施浩先生及樓偉中先生。 浙商 银 行 股 份 有 限 公 司 CHINA ZHESHANG BANK CO.,LTD. 二〇二五年度报告摘要 A 股股票代码：601916 二〇二六年三月三十日 1.5 本报告除特别说明外，金额币种为人民币。本报告所载若干金额及百分比 ...

Core Viewpoint - The "two drivers and two workers" group, consisting of truck drivers, ride-hailing drivers, couriers, and delivery workers, is a vital part of China's new employment landscape, serving as the "capillaries" of urban operations and connecting businesses with consumers and rural areas with cities [1] Financial Support and Education - Financial support for the "two drivers and two workers" group includes easy access to loans and quick claims processing, as well as education on recognizing financial scams [2][3] - This group faces challenges such as income fluctuations and information accessibility, making them targets for scams like "fake refunds" and "account lending" [2] Outreach Initiatives - The bank has launched campaigns to deliver financial knowledge directly to this group, including on-site educational sessions in logistics parks and ride-hailing stations [3][4] - In Beijing, specialized financial education sessions were held for delivery riders, using engaging formats like performances to convey important information [4] Digital Engagement - The bank is utilizing digital platforms to reach a wider audience, including targeted advertisements and SMS campaigns aimed at ride-hailing drivers and delivery workers across multiple cities [5][7] - Online initiatives are designed to provide timely financial knowledge when the workers need it, enhancing their understanding of financial safety [7] Service and Protection - The ultimate goal of financial services is to ensure that every worker feels seen and protected, with initiatives like "outdoor worker care stations" providing essential amenities [8] - The bank has established a green claims channel for delivery workers, ensuring rapid processing of insurance claims, exemplified by a case where a worker received compensation within two working days [8] Broader Implications - The "two drivers and two workers" group represents a microcosm of urban China and is crucial for financial services to reach [9] - The bank's efforts illustrate that serving new employment groups involves addressing specific scenarios where workers feel acknowledged and supported [9][10]

Core Viewpoint - The "Two Drivers and Two Workers" group, consisting of truck drivers, ride-hailing drivers, couriers, and delivery workers, is essential to urban operations and represents a significant area for financial services and support [1] Group 1: Financial Support and Education - Financial support for the "Two Drivers and Two Workers" group includes easy access to loans and quick claims processing, as well as education on recognizing financial scams [2] - The group faces challenges such as income fluctuations and information accessibility, making them vulnerable to scams like "order brushing" and "fake customer service refunds" [2] - The bank has initiated campaigns to deliver financial knowledge directly to this group, especially during key dates like Consumer Rights Protection Day [2] Group 2: Innovative Outreach Methods - The bank's Beijing branch focused on delivery riders by conducting specialized financial education sessions, using engaging formats like a self-created performance to illustrate common scams [5] - In Tibet, the bank utilized a "mobile bank vehicle" combined with real-life demonstrations to educate workers about financial risks [5] - Online platforms have been leveraged to reach a broader audience, with campaigns targeting over 900,000 ride-hailing drivers through SMS and digital ads [5][7] Group 3: Comprehensive Support Services - The bank has established "Outdoor Workers' Love Relay Stations" at its branches, providing amenities like water, charging stations, and rest areas for delivery workers [8] - A case study highlighted a delivery worker who received prompt insurance claims processing after an accident, showcasing the bank's commitment to customer service and education on insurance rights [8] - The bank aims to offer tailored financial services, such as flexible savings accounts and low-threshold loans, to better meet the needs of the "Two Drivers and Two Workers" group [8] Group 4: Broader Implications - The "Two Drivers and Two Workers" group symbolizes the dynamic nature of urban life and is a critical area for financial services to reach [10] - The bank's initiatives demonstrate that serving this new employment group involves addressing specific scenarios where workers feel seen, heard, and protected [10]

Core Viewpoint - The implementation of the Private Economy Promotion Law has significantly boosted market confidence, but there are still obstacles in execution at the local level, including deviations in enforcement and hidden barriers that hinder the law's effectiveness [3][5][6]. Group 1: Legal Framework and Implementation - The Private Economy Promotion Law, as the first fundamental law regarding the development of the private economy in China, enhances predictability, stability, and reliability in policies related to fair competition, property rights protection, and financing support [5][6]. - Since its implementation, over 150 supporting systems have been introduced by relevant national departments, and local regulations have been established to address specific concerns of enterprises [6]. - Despite the law's provisions, local execution faces challenges, including hidden barriers that are not explicitly stated in regulations, such as unclear market access paths and unreasonable thresholds in bidding processes that favor state-owned enterprises [6][7]. Group 2: Recommendations for Improvement - To ensure the effective implementation of the Private Economy Promotion Law, it is recommended to conduct a nationwide review and alignment of regulations and policies [9][10]. - A total of 1,466 normative documents were identified for modification or repeal, with 947 local regulations already amended or abolished to eliminate barriers to market entry and fair competition [9][10]. - It is suggested to enhance the supervision and accountability mechanisms for law enforcement, ensuring that local governments are held accountable for their performance in implementing the law [14][15]. Group 3: Fair Competition and Financial Services - To guarantee equal participation rights for private enterprises, it is proposed to develop a guiding list for private enterprises' participation in major national projects and infrastructure, clarifying access paths and support policies [11][12]. - Strengthening the rigidity of fair competition review systems and establishing a unified platform for reporting discriminatory practices against private enterprises in bidding and procurement processes is recommended [11][12]. - Financial institutions are encouraged to innovate financing models using technologies like big data and blockchain to address the challenges faced by asset-light enterprises in securing loans [13].

Core Viewpoint - The article highlights the proactive measures taken by banks to ensure timely salary payments for migrant workers during the Chinese New Year, showcasing the integration of financial services with community support to enhance the well-being of construction workers [2][6]. Group 1: Financial Services for Migrant Workers - Banks like China Construction Bank (CCB) and Guangfa Bank have implemented specialized financial products and services to address the salary payment challenges faced by migrant workers, ensuring that they receive their wages on time before the New Year [2][4]. - CCB's "e信通" product facilitated the disbursement of over 15 million yuan in supply chain loans to eight small and micro enterprises within 48 hours, enabling timely salary payments for over 20 workers [2]. - Guangfa Bank established a dedicated team to create a "green channel" for salary payments, assisting in the cross-bank transfer of wages for approximately 200 workers while waiving related fees [2][3]. Group 2: Enhancing Financial Literacy and Security - Banks are extending their services to improve the financial literacy of migrant workers, particularly in using digital financial tools and recognizing potential scams, thereby safeguarding their earnings [3]. - Zhejiang Commercial Bank has partnered with local communities to provide ongoing education on fraud prevention and safe online banking practices, enhancing the risk awareness of migrant workers [3]. Group 3: On-Site Banking Services - CCB's mobile banking teams have been deployed to construction sites to facilitate the opening of bank accounts for workers who are unable to visit bank branches due to their work schedules, ensuring they can receive their wages efficiently [4][5]. - In locations like Nantong and Lanzhou, banks have set up temporary service stations to assist workers with account opening and salary payment processes, significantly reducing the time and risk associated with cash transactions [4][5]. Group 4: Supporting the Journey Home - Banks are also focusing on providing comprehensive support for migrant workers' travel home during the Spring Festival, including offering discounts on train tickets and distributing festive gifts [6]. - Postal Savings Bank initiated a special program to assist laborers in purchasing train tickets at a discount, enhancing their travel experience and ensuring a smoother journey home [6].

Core Viewpoint - The financial support initiatives in Gannan Prefecture, particularly in the earthquake-affected areas, aim to address the urgent financial needs of local residents and businesses, ensuring they can recover and celebrate the New Year with hope and stability [1][2][4]. Group 1: Financial Support and Credit Recovery - The People's Bank of China Gannan Branch allocated 157 million yuan in relending funds to support local financial institutions in providing green credit channels for disaster-affected areas [2]. - Approximately 180 households expressed credit needs totaling around 18 million yuan, with 18.69 million yuan in various loans already disbursed for recovery and living expenses [2]. - The Agricultural Bank of China in Diebu County simplified loan application processes for affected residents, allowing for quick access to funds for repairs and recovery [2][4]. Group 2: Cash Supply and Currency Exchange - The financial institutions in Diebu County increased cash reserves by 30% compared to previous years to meet the cash demands of local farmers during the New Year [3]. - A special service for exchanging new banknotes was launched to facilitate the traditional customs of the local population, ensuring that cash supply remained uninterrupted [3]. Group 3: Credit Repair and Consumer Protection - The earthquake negatively impacted the credit records of some local residents, prompting banks to implement credit repair policies and support for those facing temporary financial difficulties [4]. - The Agricultural Bank of China facilitated a no-repayment loan extension for affected small business owners, helping them maintain their credit status and operational capacity [4]. - Financial institutions conducted public awareness campaigns on counterfeit currency detection and fraud prevention, enhancing consumer confidence and safety during the festive season [5][6].

Group 1 - The core point of the announcement is the approval of the proposal regarding the change of the commitment period for avoiding competition by the controlling shareholders, which will be submitted for shareholder approval [1][4][21] - The board meeting was held on February 25, 2026, with all 9 directors present, and the proposal received 6 votes in favor, 0 against, and 0 abstentions [3][21] - The independent directors held a special meeting and agreed to submit the proposal to the board, confirming compliance with relevant regulations and that it would not harm the interests of the company or its shareholders [2][22] Group 2 - The proposal to sign a financial service agreement with the financial company was also approved, which includes services such as deposits, settlements, and comprehensive credit [5][30] - The financial service agreement is set to be renewed for three years, with a maximum daily deposit balance of 1 billion RMB and a total credit limit of 1 billion RMB [30][34] - The independent directors reviewed the financial service agreement and found it beneficial for the company, ensuring it would not harm the interests of shareholders [60] Group 3 - The announcement regarding the change in the commitment period for avoiding competition states that the new commitment period will extend for two years from the original expiration date, ensuring compliance with regulations [11][17] - The original commitment made in July 2019 included maintaining independence and resolving competition issues within five years, which has now been extended due to complexities in resolving historical issues [11][19] - The company has assessed that there is minimal direct competition between itself and the related companies, as their products and market focuses differ significantly [14][16]

Core Viewpoint - As the Spring Festival approaches, there is a significant increase in cash demand due to various activities such as purchasing goods, visiting relatives, and giving red envelopes. The bank is committed to providing warm and efficient financial services to ensure the safety of the public's finances [1]. Group 1: Cash Demand and Services - Individual merchants and workers are experiencing a surge in demand for cash services, including change and cash withdrawals [1]. - The Chengdu branch of Huaxia Bank has proactively planned and deployed services to meet these needs, ensuring timely and adequate cash supply [1]. Group 2: Innovative Cash Exchange Solutions - The Chengdu Jinsha branch has launched a special service for cash exchange, establishing a "green channel" for small change and offering "appointment exchange + home delivery" services to merchants [2]. - This initiative allows for efficient cash supply by coordinating with merchants through phone and WeChat, ensuring that cash is available as needed [2]. Group 3: Cash Supply Management - The bank has conducted a scientific assessment of cash flow patterns during the Spring Festival, increasing the reserve of commonly used denominations and new banknotes to ensure sufficient cash supply [4]. - A daily monitoring and dynamic replenishment mechanism has been implemented to track cash inventory and transaction flow at various branches [4]. Group 4: Financial Safety Initiatives - To enhance financial security, the Chengdu branch has organized various interactive activities to promote knowledge about cash handling and counterfeit prevention [6]. - These activities have received positive feedback from participants, highlighting the bank's commitment to community engagement and financial education [6]. Group 5: Future Service Enhancements - The Chengdu branch plans to continue optimizing cash services and deepen the promotion of knowledge related to counterfeit prevention and digital currency [7]. - The bank aims to enhance service quality and meet diverse customer needs through professional and considerate financial services [7].

Core Insights - The article highlights the increasing trend of Chinese families traveling abroad during the Spring Festival, contributing significantly to the global tourism market [1][11] - Agricultural Bank of China (ABC) is enhancing its credit card services to cater to the needs of travelers, offering various benefits and promotions to facilitate their journeys [11][14] Group 1: Travel Trends - In the first eight months of 2025, the total number of inbound and outbound trips in China reached 460 million, with 14.366 million trips during the Spring Festival [11] - During the New Year's holiday in 2026, the number of outbound trips was 6.615 million [11] Group 2: Financial Services Enhancements - ABC launched the "Wow Treasure Accompanying You" service series, introducing a family card product with unlimited 1% cashback on overseas UnionPay transactions [11][14] - The bank also provides services such as loss insurance and convenient card binding for travelers [11][14] Group 3: Technological Innovations - In January 2026, ABC announced the support for binding its Visa credit cards with Apple Pay, allowing customers to make payments easily and securely using their mobile devices [13] - This innovation aims to enhance customer experience by eliminating the need for physical cash and cards while ensuring the security of personal payment information [13] Group 4: Customer-Centric Approach - ABC focuses on providing simple and sincere financial services, contrasting with high-end cards that have complex rules [14] - The bank's initiatives aim to ensure that every penny spent by customers is worthwhile, especially during the peak consumption season of the Spring Festival [14] Group 5: Support for Specific Demographics - ABC is addressing the needs of specific groups such as students studying abroad and business travelers by offering tailored services and information [16] - Customers can handle currency exchange and cross-border transactions at 20,000 outlets nationwide, with 1,700 locations providing specialized overseas financial services [16] Group 6: Expanding Payment Ecosystem - ABC is enhancing the acceptance of foreign cards in key tourist destinations and cities, supporting various payment methods to improve the experience for foreign visitors [17] - The bank has established a comprehensive payment ecosystem in popular areas, including airports and tourist attractions, to facilitate seamless transactions [17] Group 7: Event Support and Reliability - ABC has provided reliable payment services for international events, achieving zero errors in foreign card transactions during major conferences [19] - The bank's commitment to high-quality service is evident in its proactive measures to ensure a stable payment environment during significant events [19]

Core Viewpoint - MrBeast's entertainment group, Beast Industries, has agreed to acquire the youth-focused banking app Step Mobile, expanding its business into the financial services sector from media, food, and packaging [3][10]. Group 1: Acquisition Details - Step Mobile, founded in 2018, operates a banking app that offers federally insured, no-fee bank accounts and a secured Visa card to help users build credit before age 18. Its valuation reached $920 million in 2021 but is likely to have declined since then [3][10]. - The terms of the acquisition have not been disclosed [3][10]. Group 2: Company Background - Beast Industries was last valued at $5.2 billion and currently employs around 500 people [4][10]. - The company aims to leverage its significant audience of over 1 billion followers on platforms like YouTube to monetize its offerings [4][10]. Group 3: Future Plans - Beast Industries plans to operate Step Mobile as an independent business while developing a broader financial services strategy. The company has registered the trademark "MrBeast Financial" for potential future offerings, including financial consulting and cryptocurrency [5][12]. - The target demographic includes first-time bank account and credit card holders, with a focus on helping them invest in stocks and bonds to share in the economic growth [12][13]. - MrBeast has plans to launch a financial-themed YouTube channel to educate viewers on investment topics, including Roth IRAs [13]. Group 4: Financial Performance - The chocolate brand Feastables is projected to generate approximately $250 million in sales in 2024, with profits exceeding $20 million. In contrast, the media business, including YouTube and Amazon Prime content, has similar revenue but incurred losses of nearly $80 million [4][11]. - Beast Industries recently secured $200 million in funding from BitMine, the largest holder of Ethereum, indicating strong investor interest [6][13].