经济观察网中国货币网7月31日消息，温州银行股份计划发行2025年科技创新债券。本期债券拟发行规 模为人民币5亿元，期限5年，簿记建档日为2025年8月5日。经联合资信评估股份有限公司综合评定，发 行人主体信用等级及本期债券信用等级均为AAA。(编辑胡群) ...

法国兴业银行：将2025年有形净资产回报率目标上调至约9%。 ...

Core Insights - ING reported a net result of €1,675 million for 2Q2025, with a profit before tax of €2,369 million and a CET1 ratio of 13.3% [1][7] Financial Performance - The company experienced strong growth in lending volumes and fee income, with fees now constituting almost 20% of total income [2][3] - Total income remained stable despite a year-on-year decline in commercial net interest income (NII) due to margin pressure and currency fluctuations [3] - Retail Banking saw a net core lending growth of €11.3 billion, including €7.2 billion in mortgages and €3.2 billion in Business Banking [4] - Wholesale Banking achieved net core lending growth of €4.1 billion, with a 12% year-on-year increase in fee income driven by various banking services [5] Customer Growth and Engagement - The customer base grew significantly, with over 300,000 new mobile primary customers added in the quarter, totaling 14.9 million [9] - Retail fee income increased by 12% year-on-year, primarily due to higher investment activity [4] Cost Management and Efficiency - Costs increased moderately year-on-year, with prudent expense management prioritized to offset inflation and investments through efficiency measures [6] - Ongoing improvements to KYC processes and restructuring of the Wholesale Banking workforce were announced [6] Sustainability Initiatives - ING mobilized €67.8 billion in sustainable volume for the first half of 2025, marking a 19% increase compared to the same period in 2024 [8] - A new mortgage pricing model linked to energy labels was introduced in the Netherlands, offering lower interest rates for eligible customers [8] Dividend and Shareholder Returns - The company announced an interim cash dividend of €0.35 per ordinary share [9]

Core Viewpoint - Hang Seng Bank has entered into an agreement with Merrill Lynch International for a share buyback program, allowing the bank to repurchase up to HKD 3 billion of its shares [1] Group 1: Agreement Details - The agreement with Merrill Lynch International grants the broker full authority to operate the 2025 share buyback plan [1] - The buyback will occur on the Hong Kong Stock Exchange, with the broker acting independently of the bank and its related parties [1] Group 2: Buyback Program Timeline - The 2025 share buyback program is set to run from August 1, 2025, to January 30, 2026 [1] - The program is contingent upon the general authorization granted by shareholders at the bank's annual general meeting on May 8, 2025 [1]

Core Viewpoint - Hang Seng Bank has entered into an agreement with Merrill Lynch International for a share buyback program, allowing the bank to repurchase up to HKD 3 billion of its shares from August 1, 2025, to January 30, 2026 [1] Group 1 - The bank has appointed Merrill Lynch International as the broker to operate the 2025 share buyback plan with full discretion [1] - The buyback will be conducted on the Hong Kong Stock Exchange according to predetermined parameters outlined in the agreement [1] - The plan is subject to the general mandate granted by shareholders at the bank's annual general meeting on May 8, 2025 [1]

撰稿|多客 来源|贝多财经 7月21日，中国银行间市场交易商协会（下称"交易商协会"）发布信息称，该协会在对广发银行2025-2026年度二级资本债券项目6家中标主承销商自律调查 过程中发现，发行人广发银行涉嫌存在引导价格等情形，协会正进一步查实。 仅700元。" 其三，"承销机构不得以低于成本的承销费率报价参与债券项目竞标。发行人、承销机构应按照商业约定履行付款义务，不应拒绝支付或拖欠费用。" 交易商协会强调，若相关方在业务开展过程中存在违反自律规则的情况，将依据有关规定予以自律处理。 一石激起千层浪，交易商协会于7月11日发布《交易商协会对6家主承销商启动自律调查》称，"协会监测到，在广发银行2025-2026年度二级资本债券项目 中，中国银河证券股份有限公司、广发证券股份有限公司、兴业银行股份有限公司、国泰海通证券股份有限公司、中信建投证券股份有限公司、中信证券股 份有限公司等6家主承销商中标承销费引发市场关注。" 图片来源：交易商协会 随后的7月21日，交易商协会在官网发布《交易商协会加强对广发银行等发行人的自律调查》称，"近期，交易商协会在对广发银行2025-2026年度二级资本 债券项目6家中标主 ...

Core Insights - Goldman Sachs released a research report indicating that HSBC Holdings' core earnings for Q2 exceeded expectations, primarily driven by strong pre-provision profit (PPOP) and non-banking net interest income [1] Financial Performance - HSBC's management reiterated guidance for net interest income, cost growth, and return on tangible equity (ROTE) for 2025, but raised the full-year credit cost guidance to approximately 40 basis points [1] - Management anticipates that if HIBOR remains at 1%, it will negatively impact the bank's net interest income by about $100 million per month [1] Earnings Forecast Adjustments - Goldman Sachs adjusted its net interest income forecasts for HSBC for the years 2025 to 2027 and raised its earnings per share forecasts for 2025 to 2029 [1] - Based on these adjustments, Goldman Sachs increased HSBC's target price for UK shares to 1060 pence and slightly raised the target price for H shares to 110 Hong Kong dollars, maintaining a "Buy" rating [1]

香港金管局称，目前港美息差对套息交易仍具吸引力，因此令港汇继续贴近7.85水平，但与此同时，近 日股票相关的港元资金需求甚殷，为港汇提供一定支持。往后视乎港元资金供求变化，以及其他不确定 因素包括美联储货币政策和美息走向、股票投资市场气氛、外围金融市场及环球资金流向等，弱方兑换 保证可能会再度被触发。届时金管局将按照联汇制度买入港元沽出美元，银行体系总结余将相应下降， 而港元拆息将会逐步上升。 香港金管局表示，美国未来减息的幅度和步伐存在颇大的不确定性，而香港目前的利率环境因为上述各 种变数亦可能出现变化，市民在作出置业、投资或借贷决定时，需充分考虑港元息率上升的可能性，并 管理相关风险。金管局会继续密切监察市场变化，维持货币及金融稳定。 当地时间7月30日，美国联邦储备委员会宣布将联邦基金利率目标区间维持在4.25%至4.50%之间不变。 香港金管局7月31日表示，美联储维持息率不变的决定符合市场预期。然而，市场普遍认为美联储未来 的减息步伐仍然存在较大的不确定性，视乎美国通胀和就业数据的走势，其中关税措施以及财政政策等 对经济活动的影响尚有待观察。 ...

近期，券商密集召开2025年半年度经营工作会议，研究部署下半年的布局方向。据不完全统计，已有国 元证券、华安证券等超10家券商举行了工作会议，并披露了下半年的战略规划及发展方向。 从券商对下半年发展的规划来看，持续创新创业、提升运营效率和精细化管理、向"买方思维"转型、深 耕区域市场等成为券商布局方向的关键词。 持续创新创业 针对下半年重点工作，多家券商提及关键词"创业"。例如，华源证券董事长梅林表示，要着力营造积极 向上、锐意进取的创业氛围。华安证券董事长章宏韬提到，要持续创新创业，以改革创新为根本动力、 以专业深化为主要抓手，加强体系化建设。 天使投资人、资深人工智能专家郭涛在接受《国际金融报》记者采访时认为，券商集体聚焦"创业"，折 射出行业突破存量竞争的迫切诉求。当前市场同质化凸显、佣金率持续走低，倒逼机构跳出舒适区：一 方面，券商通过组织架构重构（如打造敏捷团队）、激励机制改革（推行跟投与超额分成）激活内生动 力；另一方面，券商积极向业务边界拓展，布局并购重组财务顾问、跨境投行等高附加值赛道，并加速 向财富管理买方投顾转型。 在郭涛看来，这一导向既呼应金融供给侧结构性改革的政策基调，也预示行业将从牌 ...

香港金管局回应美联储议息决定，美联储维持息率不变的决定符合市场预期。目前港美息差对套息交易 仍具吸引力，因此令港汇继续贴近7.85水平，但与此同时，近日股票相关的港元资金需求甚殷，为港汇 提供一定支持。往后视乎港元资金供求变化，以及其他不确定因素包括美联储货币政策和美息走向、股 票投资市场气氛、外围金融市场及环球资金流向等，弱方兑换保证可能会再度被触发。届时金管局将按 照联汇制度买入港元沽出美元，银行体系总结余将相应下降，而港元拆息将会逐步上升。美国未来减息 的幅度和步伐存在颇大的不确定性，而香港目前的利率环境因为上述各种变数亦可能出现变化，市民在 作出置业、投资或借贷决定时，需充分考虑港元息率上升的可能性，并管理相关风险。香港金管局会继 续密切监察市场变化，维持货币及金融稳定。 ...