Group 1 - The event "Financial Promotion of Consumption · Shopping in Qingdao" was launched to implement the financial consumption promotion policy by the People's Bank of China [1] - The event features a three-dimensional linkage model of "policy + scenario + flow" to create a deep integration ecosystem of finance and consumption [1] - The event will cover key industries such as culture and tourism, supermarkets, automobiles, and home appliances, with six major themed exhibitions planned throughout the year [1] Group 2 - The Qingdao branch of the Bank of Communications set up a booth at the event to introduce debit and credit card benefits, engaging citizens with interactive activities [1] - The bank's deputy president Liu Jianping and the retail credit business department manager Gao Jun highlighted the "Heart-to-Heart Benefits" financial services for marriage and consumption [2] - The bank has developed a special action plan with 35 specific measures to enhance support for consumer finance this year [2]

的跨界创新产品，不仅是本次金博会上的明星产品，更是深圳市政府提升外籍人士来华体验、加快建设 国际消费中心城市的"城市礼遇"，吸引了众多与会嘉宾的目光。 深度融合，破解外籍游客核心痛点。"深圳AI城市旅行卡/Shenzhen AI Travel Pass"的诞生，直指外籍游 客在深旅行的多项关键需求。卡片通过简单的"碰一碰"操作，即可为外籍游客提供涵盖深圳自然景观、 饮食购物、游客导览、退税指引等全方位的信息服务，并支持全市地铁公交通行功能。更令人称道的 是，其内置的实时翻译功能支持全球145种语言的面对面互译，助力海外游客拆掉语言障碍"高墙"，真 正实现"无忧畅游深圳"。 支付创新，数字人民币硬钱包彰显便利。本次项目发布的核心亮点在于深圳AI城市旅行卡加载了数字 人民币硬钱包功能，这一设计是深圳在数字人民币试点应用上的又一次重大突破。境外人士入境后，仅 需凭护照即可在自助设备上便捷领取该卡片，并可使用外币或境外银行卡直接为钱包充值。随后，他们 便可在全市所有支持数字人民币的消费场景中"拍卡"支付，享受快捷支付体验。这不仅是对国家关于提 升境外来华人员支付便利化水平要求的积极响应，也展示了数字人民币在跨境小额支 ...

点评：央行开展3000亿元7天期逆回购操作显示其积极调控市场流动性，以应对短期资金压力和稳定市 场利率。操作利率维持不变表明央行对当前经济环境持中性态度。 NO.2 中国银行回应股价创历史新高 据中证金牛座，11月20日，银行板块表现强势，中国银行涨超4%，股价再创历史新高。针对股价异 动，中国银行董事会办公室投资者关系团队相关工作人员表示："公司基本面未发生重大变化，目前正 持续关注股价波动情况。此次股价上涨，一方面得益于银行板块整体上涨趋势的带动，并非我行个例； 另一方面，公司三季报披露的主要经营数据保持稳健，基本面支撑下股价得到合理反映。" |2025年11月21日星期五| NO.1央行开展3000亿元7天期逆回购操作 11月20日，央行开展3000亿元7天期逆回购操作，投标量3000亿元，中标量3000亿元，操作利率为 1.40%，与此前持平。当日有1900亿元7天期逆回购到期。 （文章来源：每日经济新闻） NO.3农发行与建设银行签订全面合作协议 11月19日，中国农业发展银行（简称"农发行"）与中国建设银行股份有限公司（简称"建设银行"）在京 签订全面合作协议。双方采用"总行+分行"签约形式，13 ...

智通财经APP获悉，周四，美股三大指数集体下跌。恒生指数ADR下跌，按比例计算，收报25425.45点，较香港收市跌410.12或1.59%。 | .HSIADR 恒生指数ADR | | --- | | 25425.45 ↓ -410.12 -1.59% - 收盘价 11/20 16:00 美东 | | 三月日日 中 | | 最高价 25922.90 开盘价 25760.04 成交量 5613.7万 | | 最低价 25425.45 昨收价 25835.57 平均价 25674.17 | | 52周最高 27275.90上 涨 -- 本 智能 | | 52周最低 18856.77 下 跌 -- 振 幅 1.93% | | A | | 800000 恒生指数 25835.57 +4.92 +0.02% | 大型蓝筹股集体下跌，汇丰控股收报105.18港元，较香港收市跌2.25%；腾讯控股收报605.843港元，较香港收市跌2.44%。 | 序号 | 名称 | 港股代码 | 最新价 | 涨跌额 | 涨跌幅 | ADR代码 | ADR换算价(HKD) | 较 较港股升跌 | | --- | --- | --- | ...

Core Viewpoint - The article highlights the rise of fraudulent intermediaries targeting business loans, emphasizing the importance of using legitimate banking channels for loan applications [1][2]. Group 1: Fraudulent Activities - Fraudulent intermediaries are exploiting information asymmetry between borrowers and banks, misleading borrowers into believing that service fees are standard practice [2]. - Some intermediaries specifically target borrowers with credit issues, setting high fees under the pretense of urgency for funds [2]. - There are cases where intermediaries assist borrowers in fraudulently obtaining loans, which can lead to legal repercussions for the borrowers [2]. Group 2: Risks for Borrowers - Borrowers face significant risks if they engage with fraudulent intermediaries, including unnecessary fees and potential legal consequences for loan fraud [2]. - If borrowers misuse loan funds for purposes other than intended, they may face penalties, including early repayment demands and negative impacts on their credit scores [2]. Group 3: Recommendations for Borrowers - Borrowers are advised to utilize official banking channels for loan applications to avoid scams [3]. - It is crucial for borrowers to verify the authenticity of their application materials and reject any suggestions to falsify documents [3]. - Careful reading of loan agreements is essential, with particular attention to interest rates, fees, and any bundled services that may be offered [3]. - Borrowers must adhere to the agreed-upon use of loan funds to avoid violations [3].

证券时报记者 贺觉渊 中国人民银行11月20日授权全国银行间同业拆借中心公布的新一期贷款市场报价利率（LPR）显示，11 月1年期与5年期以上LPR分别为3.0%、3.5%，连续第六个月维持不变。鉴于作为LPR"定价锚"的公开市 场7天期逆回购利率未调整，银行净息差压力不减，市场对于LPR"按兵不动"早有预期。 "为稳息差、防风险，保持银行经营的可持续性，近期有关部门也在强化金融机构定价行为指引，约束 非理性竞争，贷款定价逐步趋于稳定。"民生银行首席经济学家温彬指出，后续监管引导银行降低实体 融资成本，或更倾向于通过财政贴息、结构性工具、明示综合成本等来实现。 央行近日发布的《2025年第三季度中国货币政策执行报告》专栏强调，保持合理的利率比价关系。利率 及其比价关系对宏观经济均衡和资源配置有重要导向意义。市场化利率体系有效运行，要求各类利率之 间保持合理的比价关系。 广发证券宏观分析师钟林楠在研报中表示，这要求央行通过自律机制、窗口指导等方式规范银行的存贷 款定价，保证存贷款利率能充分体现政策利率调整效果的同时合理定价风险与息差稳定，对应银行资产 与负债利率、不同类型资产收益率、不同风险利率保持合理的比价。 ...

经营贷利率持续探底 "为了激励大家，行里会定期评选贷款营销明星，奖金有数千元。即便如此，我们的年度目标还未完 成。接下来会全力去做，准备积极推广线上办贷。"山东地区某农商行工作人员小高说。 在按揭贷款需求疲软、零售业务承压的背景下，众多银行将目光投向了拥有房产和营业执照的小微企业 主。在年末业绩冲刺期，记者调研发现，经营贷利率持续探底，多数银行可做到2.5%以下的利率，平 安银行、珠海华润银行等甚至达到2.3%左右的历史低位。 当记者以客户身份咨询经营贷时，有银行工作人员表示："公司流水达不到贷款要求也没问题，可以补 充个人流水，亲戚朋友间转转账就能达标。"不仅如此，一些不法中介以快速获贷为噱头，诱导消费者 违规办理经营贷并从中索取中介费。 业内人士告诉记者，当前贷款市场竞争激烈，虽说贷款产品繁多，但基本业务模式大同小异。各家银行 都在考虑如何在本地市场中抢夺更多份额。于企业而言，最为关注的无疑是融资成本，因此银行打贷款 价格战是最容易见效的方法。 经营贷是指银行向个体工商户、小微企业主等发放的用于流动资金周转、购置或更新经营设备等合法生 产经营活动的贷款。记者调研发现，在年底业绩冲刺压力下，不少银行经营贷利 ...

Core Insights - The market for transferring credit card overdraft non-performing assets has become more active, with 23 announcements made since November, indicating a shift towards shorter overdue asset packages and a high proportion of non-litigious assets [1][2] Group 1: Market Activity - As of November 20, 2023, the China Banking Asset Registration Center has issued 23 announcements for the transfer of personal non-performing loans related to credit card overdrafts, with Ping An Bank being particularly active, issuing 9 announcements [2] - The total amount of outstanding principal and interest for individual non-performing asset packages ranges from several million to tens of billions, with a notable example being a package from Minsheng Bank totaling 5.142 billion [2] - Most credit card overdraft non-performing asset packages have overdue periods exceeding 1500 days, with some exceeding 2400 days, while some major state-owned banks are experimenting with shorter overdue periods [2] Group 2: Asset Characteristics - The proportion of non-litigious assets is increasing, which may facilitate faster disposal of non-performing loans; for instance, in a recent announcement by Ping An Bank, only 7 out of 32,703 non-performing assets were litigated [4] - The average discount rate for overdue assets is significantly influenced by the overdue period, with assets overdue for less than one year averaging a discount rate of 12.6%, compared to only 1.8% for those overdue for more than five years [4] Group 3: Industry Trends - The batch transfer of non-performing assets has become a primary method for banks to manage retail non-performing loans, with rising non-performing rates across various retail loan types, including credit cards and personal consumption loans [5][6] - There is a recommendation to include mortgage assets in batch transfer pilot programs and to involve individual investors with strong risk tolerance to enhance market activity [6]

来源：中国新闻网 英国国家统计局19日发布的官方数据显示，该国消费者价格指数(CPI)自今年5月以来首次回落，从9月 的3.8%降至10月的3.6%。 英国媒体称，此次通胀数据为英国央行12月降息增添更多可能性。本月初，英国央行曾暂停此前的季度 降息步伐，维持4%的利率水平不变，当时货币政策委员会以5票支持维持利率、4票主张降息的投票结 果形成决议。但随着通胀出现明确回落，市场对降息的预期持续升温，高盛、瑞银等机构已调整预测， 预计英国央行将在12月实施25个基点的降息。 路透社援引经济学家观点指出，通胀率目前已步入持续下降轨道，叠加经济增长放缓及下周预算案可能 收紧财政的背景，英国央行12月降息的条件已具备。 值得注意的是，英国通胀率仍显著高于央行2%的目标水平。英国财政大臣里夫斯在数据公布后强调， 生活成本仍是全英家庭的沉重负担。她表示将于11月26日公布的年度预算中坚守财政审慎原则，避免出 台加剧通胀的税收与支出政策，通过针对性措施进一步缓解生活成本压力。 英国国家统计局首席经济学家格兰特·菲茨纳指出，10月燃气与电力价格涨幅放缓是拉低整体通胀的核 心因素。同时，酒店价格当月下降2.2%，较去年同期0. ...

Market Overview - A-shares experienced a decline on November 20, with all three major indices falling, particularly the ChiNext Index which dropped over 1% [1][2] - The total trading volume in the A-share market was 1.72 trillion yuan, marking the fifth consecutive trading day below 2 trillion yuan [1][2] - The market saw over 3,800 stocks decline, while only about 1,400 stocks rose [1] Sector Performance - Large-cap indices such as the SSE 50 and CSI 300 fell by 0.40% and 0.51% respectively, while small-cap indices like the CSI 1000 and CSI 2000 saw declines of 0.63% and 0.83% [2] - Active sectors included banking, lithium mining, consumer electronics, and rare earths, while sectors like consumer goods, coal, lithium batteries, and automobiles faced adjustments [2][3] - The banking sector showed strength, with notable gains from China Bank, Construction Bank, and Postal Savings Bank, among others [2] Fund Flow and Market Sentiment - As of November 19, the A-share margin financing balance increased by over 11 billion yuan in November, indicating a mixed sentiment among investors [4] - The market has seen a net outflow of main funds for 13 out of the 14 trading days in November, with a significant outflow of 36.6 billion yuan on November 20 [5][6] - The market is characterized by a rotation of funds between sectors, with a notable shift from technology stocks to consumer and cyclical sectors [3][7] Long-term Outlook - Despite short-term fluctuations, the long-term trend remains positive, supported by funding, policy, and fundamental factors [6][8] - Analysts suggest a "barbell" investment strategy, balancing aggressive assets like AI and renewable energy with defensive assets such as banking and utilities [8]