如何用青春的"倾力倾为"，做实普惠金融，践行金融为民，江苏海安农商银行"小圆服务队"的青年 志愿者们用实际行动给出了答案。 平凡岗位的温暖积淀 一枝一叶总关情，最是小事暖民心。 致力于为客户提供优质金融服务是海安农商银行日复一日的坚持，也是对"以客户为中心"的深刻践 行。 今年年初，当大家都还沉浸在迎接新年的喜庆氛围时，客户贾先生却愁眉苦脸地抱着一个旧鞋盒来 到海安农商银行营业大厅，经大堂经理询问得知，原来是香烛倾倒引起老屋火灾，贾先生父亲藏在鞋盒 里的现金严重损坏，贾先生一家心急如焚。到现金柜台办理时，当工作人员打开鞋盒，部分现金已严重 炭化。 该行负责人立即安排专柜，协助办理兑换业务，"小圆服务队"的志愿者们细心清点，耐心粘贴，按 规定进行兑换。看似一个简单的兑换业务，不仅是真诚服务的过程，也是解决客户问题提供需求的过 程。客户最后如释重负的笑容和一声声致谢，就是最大的肯定。金融服务的温度，不在轰轰烈烈，而在 点滴积累。正如炭火慢炖，时间越久，味道越浓。 青春团队的实干担当 社区的"美"，不在大楼林立，而在人心向暖。海安农商银行"小圆服务队"的青年志愿者们用行动破 解难题，用热情传递温度。 一是暖心守护。 ...

国家金融监督管理总局农村中小银行监管司在《中国农村金融》杂志2025年第3期发表了题为"萃取 优秀经验 办好农村中小银行"的文章。文章发表的背景是，金融监管总局农村银行司专门成立课题组， 选取了189家优质机构（包含农合机构162家、村镇银行27家）开展调研，深入比对研究，总结共性特点 和良好经验做法。文章指出，受访机构总体经营指标良好，支农支小特色鲜明。文章同时总结了包 括"坚持和加强党的领导，选优配强班子，当好'领头雁'"等八项优质机构的良好实践做法，最后阐述 了"坚持和加强党的领导、坚守支农支小市场定位、健全风险防控机制以及加快推进提质发展"有益于农 村中小银行发展四条借鉴与启示。 文章显示，上述189家被调研的机构以30%的资产规模，贡献了农村中小银行50%的净利润。毋庸 置疑，金融监管部门强调"萃取优秀经验 办好农村中小银行"目的是为了能够让这些优秀经验得以推 广，同时，也进一步证明了"农村中小银行是可以办好的"，农村中小银行是县域金融不可或缺的重要力 量，更是支农支小，服务乡村振兴的主力军。 一段时间以来，由于部分地区的农村中小银行出现了一些高风险机构，甚至有的省高风险机构数量 较多。同时，由于农 ...

此次反诈宣传活动覆盖社区居民300余人次，取得了良好的宣传效果。在今后的金融服务工作中，民生 银行东营知味谷社区支行将持续聚焦社区居民的金融需求，开展更多形式多样的金融知识宣传活动，切 实提升居民的风险防范意识，为构建安全、和谐的金融环境贡献"民生力量"。 为进一步提升社区居民的反诈意识和识骗能力，近日，民生银行东营知味谷社区支行走进柳岸晓风社 区，开展了一场以"防范取现、转账风险"为主题的反诈宣传活动，旨在通过专业讲解与趣味互动相结合 的方式，让社区居民在轻松愉快的氛围中学习反诈知识，收获满满。 当天一早，该支行工作人员便早早到达社区活动中心开展前期准备工作，摆好桌椅并在桌子上放好各类 反诈宣传单页，手机上准备好宣传视频等各类实用的反诈工具，同时布置了舒适的金融知识宣传环境。 一切准备就绪，社区居民们也陆续到场。活动开始前，该支行工作人员适时为广大居民宣传反诈知识， 并结合近期高发的电信网络诈骗案例，围绕居民日常生活中高频涉及的取现、转账等场景，详细讲解了 常见的诈骗手段。针对冒充客服要求转账退款、虚假投资诱导转账等情况，该支行工作人员传授了实用 的防范技巧，提醒居民在进行资金操作时务必核实对方身份，不轻易 ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: Hong Kong Macro Strategy, Economics, Property, and Banks - **Key Focus**: The impact of HIBOR (Hong Kong Interbank Offered Rate) fluctuations on the economy, property market, and banking sector in Hong Kong Core Insights and Arguments 1. **HIBOR Spike**: The 1-month HIBOR has increased from 0.91% to 2.86%, with potential to reach the 3% range, posing challenges for 2H25 GDP and credit quality of HK banks while potentially benefiting banks' net interest income (NII) [1][4][5] 2. **Economic Growth Forecast**: Anticipated GDP growth for 2H25 is projected at 2.1% YoY, down from 3.1% in 1H25, primarily due to the HIBOR spike and reduced borrowing appetite [3][23] 3. **Property Market Outlook**: Despite the HIBOR increase, the residential property market remains positive, driven by expected lower mortgage rates linked to future Fed rate cuts and rising rental demand [4][36] 4. **Banking Sector Implications**: The HIBOR spike raises concerns about net interest margin (NIM) performance and credit risks, particularly in commercial real estate (CRE) exposure for local banks [5][52] 5. **Future Rate Expectations**: A sustained decline in interest rates is contingent on anticipated Fed rate cuts, with expectations of a cumulative 175 basis points reduction by 2026 [3][22] Additional Important Insights 1. **Market Positioning**: The recent rise in HIBOR is attributed to a low aggregate balance of HK$54 billion and adjustments in USD/HKD carry trade positioning [2][12] 2. **Investment Recommendations**: Preferred stocks include Henderson Land, HK Land, and Link REIT, while New World Development (NWD) is avoided due to high gearing [4][36] 3. **Credit Quality Concerns**: Local banks, particularly Hang Seng Bank, face significant credit quality challenges due to their exposure to HK CRE, which constitutes about 15% of their loan books [54][58] 4. **Investor Sentiment**: The recovery in the stock market and rising rental prices contribute to a more optimistic outlook for the property sector, with mainland Chinese buyers playing a significant role in transactions [36][38] 5. **Liquidity Management**: The HKMA's liquidity management strategies are crucial in stabilizing HIBOR and maintaining the HKD peg, with interventions expected if USD/HKD approaches the weak end of the trading band [21][30] This summary encapsulates the critical points discussed in the conference call, highlighting the implications of HIBOR fluctuations on the Hong Kong economy, property market, and banking sector.

August 20, 2025 08:50 PM GMT US Public Policy x Thematic Alpha | North America M Foundation Explaining Equities' Resilience to Policy Risks As macro data start to show effects of recent policy changes, the S&P 500 has remained resilient. Are policy changes in the price? It depends — in this note, we take a bottom-up approach to aggregate policy impacts on a sector basis & assess how much positive vs. negative sector impacts are driving index-level performance. We've heard the phrase 'the economy is not the ...

净利息收入为73.44亿港元，同比减少10.7%，净息差收窄至1.88%。非利息收入为29.15亿港元，同比上 升29.2%，主要得益于服务费和交易业务的增长。金融工具减值损失减少11.9%至25.39亿港元，贷款损 失拨备主要受内地及香港商业房地产行业影响。减值贷款比率降至2.63%。 东亚银行2025年上半年股东溢利为24.07亿港元，同比增长14.1%。每股基本盈利按年增长24.6%至0.86 港元。拨备前经营溢利为54.47亿港元，同比下降3.9%。 ...

8月19日，嵊州瑞丰村镇银行发布存款利率公示，该行人民币个人定期存款整存整取三个月、六个月、 一年、二年、三年、五年的年化利率分别调整为0.80%、1.10%、1.15%、1.15%、1.30%、1.30%，较调 整前下降10到20个基点不等。此外，高密惠民村镇银行、贵定恒升村镇银行等银行亦宣布调降部分期限 存款利率。 "我行的三年期定期存款利率，8月20日刚调降10个基点，从1.85%降到了1.75%。"江苏银行北京西城区 某支行理财经理对记者表示。 近期，包括村镇银行、城商行等在内的多家银行，纷纷调降存款利率。 受行业竞争激烈、贷款利率普遍下行等因素影响，银行净息差趋窄。下调存款利率降成本、缓解净息差 压力，成为大多数银行的应对策略。部分银行理财经理透露，未来存款利率仍有调降可能性。 多家银行调降存款利率 "1.85%只有今天！"日前，江苏银行一理财经理发布的朋友圈内容显示，该行三年期定期存款利率将再 次迎来调降。 江苏银行一理财经理8月19日发布的朋友圈 记者实地走访江苏银行北京地区部分网点，江苏银行北京西城区某支行理财经理介绍："除三年期定期 存款利率从原来的1.85%下调至1.75%，降了10个基点 ...

Core Viewpoint - China Construction Bank (CCB) announced the approval of Dou Hongquan's appointment as a non-executive director by the National Financial Regulatory Administration, with the decision to be ratified at the bank's 2024 annual shareholders' meeting scheduled for June 27, 2025 [1] Group 1 - Dou Hongquan's appointment has received regulatory approval [1] - The appointment will be formally approved at the upcoming shareholders' meeting [1]

Market Overview - The Shanghai Composite Index reached a new high of 3784.58 points during the session, marking a 0.35% increase by the close [1] - The market saw a strong performance in the digital currency sector, which boosted software and some financial sectors [1] - Major sectors that experienced gains included oil and gas extraction, beauty care, e-commerce, agriculture, and gaming [1] Key Stocks Performance - Notable large-cap stocks such as ZTE Corporation (000063), North China Innovation, Muyuan Foods, Mindray Medical, Luxshare Precision, Wanhua Chemical, and Fuyao Glass showed significant increases [1] - ZTE Corporation surged by 6.36% with a trading volume of 16.418 billion yuan, leading the A-share market [2][3] AI Computing Sector - The AI computing sector exhibited a mixed performance, with North American computing chains adjusting downwards while domestic computing concepts gained strength [2] - ZTE Corporation's stock hit the daily limit up shortly after market open, reflecting strong investor interest [2] Semiconductor Sector - The semiconductor sector was active, with stocks like Zhaoyi Innovation hitting the daily limit up, and other leading stocks such as North China Innovation and Demingli also rising [5] - The report highlighted that AI chips, as a core upstream segment, have high technical barriers and strong customer stickiness, benefiting companies with R&D and system integration capabilities [5] State-Owned Enterprises - "State-owned enterprises" stocks performed well, with notable increases in stocks like Zhong Oil Capital, China Software, China Rare Earth, and China CRRC [7] - The three major telecom operators, China Mobile, China Telecom, and China Unicom, also saw gains, supported by stable mid-year reports and a focus on digital transformation [8] Oil and Gas Sector - The oil and gas extraction sector experienced a significant rise, driven by the performance of major companies like China National Offshore Oil Corporation, China Petroleum, and China National Petroleum [8]

东亚银行(00023)发布2025年度中期业绩，该集团期内取得利息收入168.97亿港元，同比减少17.09%;净 利息收入73.44亿港元，同比减少10.74%;归属于集团股东期内溢利24.07亿港元，同比增加14.02%;每股 基本盈利0.86港元。 净利息收入减少8.84亿港元，或10.7%，至73.44亿港元。由于利率下跌，净息差按年收窄22个基点，由 2.10%下降至1.88%。 整体而言，经营收入总额减少2.25亿港元，或2.1%，至102.59亿港元。 核心业务继续表现平稳。面对充满挑战的经营环境，拨备前经营溢利轻微下降2.24亿港元，或3.9%，至 54.47亿港元。 非利息收入上升29.2%，至29.15亿港元。服务费及佣金收入净额按年增加2.36亿港元，或16.7%，至 16.54亿港元，主要由于投资活动和第三方保单销售的佣金贡献持续增长。交易、金融工具重估及相关 对冲的净利润亦增加3.41亿港元，或43.8%，主要受惠于客户交投活跃，带动结构性产品和外汇业务的 收入上升。 ...