近日，大连金融监管局发布批复，正式核准曾涛大连银行董事长的任职资格，同时核准魏续新行长助理任职资格。 公开资料显示，曾涛的职业履历横跨银行、资产管理、保险等多个金融领域。他早年就职于中国银行海南省分行，后加入中国 东方资产管理股份有限公司（以下简称"东方资产"）海口办事处，历任东方资产人力资源部高级经理、总经理助理、副总经 理，机构管理部副总经理（主持工作），办公室（党委办公室）总经理等职。此后，他还担任过中华联合保险集团股份有限公 司副总经理、合规负责人、纪委书记，中国东方人力资源部总经理，大连银行董事等职务。2019年3月，曾涛出任东兴证券董 事。2024年8月，在大连银行召开的年中工作会议上，曾涛以党委书记身份参会并讲话，按照惯例，其将按程序担任董事长一 职。 近年来，大连银行核心高管层经历多次调整。2020年8月，彭寿斌接任董事长，2023 年 2 月因工作调动辞职，此后董事会审议通 过，暂由副董事长、行长王旭代为履行董事长职责。2024年6月，王旭因工作调整辞去行长职务，常务副行长韩萍开始代为履行 行长职责并行使法定代表人签字权。而王旭辞职时，新董事长人选并未公布，这导致大连银行董事长一职空缺两年。 ...

Investment Rating - The investment rating for the commercial banking sector is "Outperform the Market" (maintained) [1] Core Insights - A new round of deposit rate declines is creating multidimensional impacts on commercial banks' asset-liability management, forcing a transformation in their strategies [3] - On the liability side, the decrease in deposit costs alleviates interest payment pressures, but the low-interest environment intensifies deposit diversion risks, pushing banks to enhance wealth management capabilities [3] - On the asset side, banks face dual challenges of yield compression and structural adjustments, necessitating a shift towards higher-yield retail assets like consumer loans and small business loans [3] - The complexity of interest rate risk management is increasing, requiring banks to utilize derivatives for hedging and optimize duration matching through dynamic gap management [3] - The operational stratification among commercial banks is increasing, with large banks leveraging their national networks and low-cost funding to support large-scale lending, while smaller banks are constrained by regional operations and high deposit costs [3] - The era of multidimensional asset-liability management for commercial banks has arrived, necessitating a shift towards "lightweight" operations and the expansion of non-interest income sources [3] Summary by Sections 1. Framework Objectives: Matching Assets and Liabilities - The goal of asset-liability management is to balance risk and return, maximizing risk-adjusted returns while considering profitability, liquidity, and safety [7][8] 2. Constraint Tools: Optimization Under Multiple Conditions - Asset-liability management involves managing the asset-liability portfolio, liquidity, interest rate risk, and capital management [7][8] 3. System Application: Perception of Liquidity Tightness - Liquidity management indicators include LCR, NSFR, liquidity ratios, and the adequacy of high-quality liquid assets [109][110] 4. Differentiated Characteristics of Different Institutions - Different types of banks exhibit varying asset structures and investment strategies, with large banks focusing on government bonds and large corporate loans, while smaller banks may have a more diversified approach [30][34]

Group 1: Financial Investment Trends - The financial investment growth rate for listed banks showed divergence, with rural commercial banks rebounding to 8.30% in Q1 2025 after a decline in 2024[2] - State-owned banks' financial investment growth was weaker compared to other types of banks due to liability pressures[2] - The average contribution of investment net income to revenue increased, with contributions for state-owned, joint-stock, city commercial, and rural commercial banks at 6.95%, 18.56%, 25.86%, and 28.85% respectively in Q1 2025[2][31] Group 2: OCI Account and Profit Realization - The average proportion of OCI accounts increased to 32.5%, while the average AC proportion decreased to 47.5% in Q1 2025, indicating a greater reliance on OCI accounts for profit adjustment[2][28] - Estimated remaining sellable old bonds for listed banks is approximately 4.5 trillion yuan, with state-owned banks holding about 2.8 trillion yuan[4] - The pressure to sell bonds may re-emerge in Q2, raising questions about the remaining space for selling old bonds[3] Group 3: Profitability and Cost Management - The average net profit growth rate for listed banks declined from 4.83% in 2024 to 2.29% in Q1 2025, with some banks experiencing negative growth[19] - Average interest margin narrowed to 1.58% in Q1 2025, down from 1.61% in 2024, indicating ongoing profitability pressure[21] - Interest income remains the primary revenue source, but the average interest net income for state-owned banks decreased by 2.75% year-on-year[23] Group 4: Asset Quality and Risk - Overall asset quality improved, but potential risks accumulated, particularly with an increase in the proportion of special mention loans for rural commercial banks[5] - The capital adequacy ratio for various banks declined, with state-owned banks experiencing the most significant drop, indicating pressure on capital retention capabilities[5]

BOC Hong Kong (02388) H2 2024 Earnings Call March 26, 2025 02:29 PM ET Company Participants HUANG Xuefei - Company SecretarySUN Yu - Vice Chairman & Chief ExecutiveLIU Chenggang - Deputy Chief Executive & CFO HUANG Xuefei Ladies and gentlemen, good afternoon. Welcome to twenty twenty four Annual Results Briefing of Beauty Hong Kong Holdings Limited. I'm Sophie Huang, Board Secretary. To begin with our results briefing, I would like to introduce the senior management with us today. Mr. Jun Yu, Chief Executiv ...