Group 1: Management Changes - Huaxia Bank has undergone a significant management reshuffle, appointing a new team of three "chiefs" including a Chief Operating Officer (COO), Chief Risk Officer (CRO), and Chief Financial Officer (CFO) [1][3] - The new CRO, Fang Yi, previously served as the chairman of Beiyin Wealth Management for just over two months before his appointment, raising questions about the stability of the position [4][7] - The bank's internal adjustments reflect a strategic focus on enhancing operational efficiency and risk management capabilities [1][4] Group 2: Regulatory Issues - Huaxia Bank received the largest penalty in the banking sector this year, amounting to 87.25 million yuan, due to non-compliance in loan and financial management practices [7][8] - The bank has faced a total of 11 penalties in 2025, totaling 99.07 million yuan, primarily related to credit violations [8] - The rapid turnover in key risk management positions may hinder the continuity and stability of the bank's risk strategy [3][7] Group 3: Financial Performance - For the first three quarters of 2025, Huaxia Bank reported a revenue of 64.881 billion yuan, a year-on-year decrease of 8.79%, and a net profit of 17.982 billion yuan, down 2.86% [11][14] - The decline in revenue and profit is attributed to reduced fair value gains and a narrowing interest margin, with net interest income falling to 46.294 billion yuan, a decrease of 1.62% year-on-year [11][12] - Investment income accounted for nearly 20% of total revenue, indicating a reliance on non-interest income streams amid challenging market conditions [10][11]

| 序号 | 目事人名称 | 生圆速速速度 | 行避处罚内容 | 作出演宣机具 | | --- | --- | --- | --- | --- | | | | 1999 | | | | | 那会想行脏费 | 费题 *三菱" 制成意关系副 | 后题114万元 | | | 18 | 有限公司 | 但,存在位种 | | | | | | 基利污角 | | | | | 王唐江(时任 那会想行脸做 | | ** | | | W | 有限公司业局 | | | | | | 支行行长) | | | | | | 陈东郎(时任 那会想片脏费 | | 99 | | | y | 有限公司广南 | | | | | | 支行符长) | 贵康"三秦" 制度等实不同 | | | | | 貫紅(咸仕那 令眼行胶份有 | 전 | 맹수 | | | . | 開企圖解護文 | | | | | | 后得长) | | | | | | 赵英爱(时候 那会想片脸错 | | 91 | 那个血脉直营 | | V | | | | | | | 有限公司作基 | | | 分别 | | | 支所符长) | | | | | | Mex(时但 那会想片脏管 | | 零少 | ...

Core Viewpoint - The investment level of the U.S. banking industry in its own risk management may have declined according to Federal Reserve's Kugler [1] Group 1 - The statement indicates a potential decrease in the focus on risk management investments within the U.S. banking sector [1]

Financial Data and Key Metrics Changes - Profit attributable to equity holders increased by 16.8% to HK$38.2 billion, with ROE rising to 11.6% [2] Business Line Data and Key Metrics Changes - The company actively managed assets and liabilities, achieving stable NIM performance while expanding fee income due to recovery in capital markets and the tourism industry [3] Market Data and Key Metrics Changes - The company noted that the global political and economic landscape is undergoing significant transformation, with uncertainties regarding interest rate cuts in major economies [4] Company Strategy and Development Direction - The company is focused on enhancing risk control, solidifying banking infrastructure, and expanding earning sources as part of its globalization strategy within the BOC Group [2] - The management emphasized the importance of transforming growth momentum and risk management in the banking industry moving forward [4] Management Comments on Operating Environment and Future Outlook - Management acknowledged the complex and severe operating environment but highlighted the effectiveness of recent economic stimulus policies in boosting social confidence and supporting economic recovery [4] Other Important Information - The company is currently controlling operating expenses while strengthening risk management [3] Q&A Session Summary Question: Inquiry about new shareholders return arrangement - Management received congratulations on excellent results, and the question pertained to the new shareholders return arrangement [6]

Group 1 - Zhang Xiaopu, former director of the Economic Bureau of the Central Financial Committee Office, passed away on March 21, 2025, at the age of 51 due to illness [1] - Zhang held a PhD in economics and a postdoctoral degree in finance, and was an expert enjoying special government allowances from the State Council [1] - He was a visiting scholar at Stanford University's Asia-Pacific Research Center and a member of the Basel Committee on Banking Supervision's research working group [1] Group 2 - Zhang's research areas included banking regulation, risk management, compliance risk management, and the international capital flow of the Renminbi [1] - He published over 100 papers in both Chinese and English in various academic journals, including the Journal of Asian Economics and Economic Research [1] - Zhang authored several books, including "Research on the Equilibrium Exchange Rate of the Renminbi" and "Principles and Practices of Compliance Management in Commercial Banks" [1]