Financial Sector Performance - The S&P 500 Financials Sector index has delivered a total return of 25% over the past year, outperforming the S&P 500 index's gain of 20% [1][2] Upstart Holdings (UPST) - Upstart's stock is down 83% from its all-time high, despite posting strong Q2 results with earnings per share of $0.05 on sales of $257 million, exceeding analyst estimates [4][5] - Revenue increased by approximately 101% year-over-year, with loans originated up 159% to 372,599 [5] - The company achieved its first quarter of profitability in years, despite an operating loss of $4.5 million, which is an improvement from a $55.5 million loss in the same quarter last year [6] - Management's comments on inflation and competitive intensity led to a sell-off, but guidance suggests sales could increase by roughly 66% annually this year [7][9] Nu Holdings (NU) - Nu Holdings, a digital bank in Brazil, has about 60% of the adult population on its platform, with 85% of this group being active users [10][11] - The company holds only about 5% of the market share of gross profit, indicating significant growth potential through cross-selling and upselling [11] - In Mexico, customer count increased by 70% over the past year, with deposits more than doubling to $5 billion and revenue nearly doubling to $245 million [12] - Nu's cost to serve remains below $1, while average revenue per active customer has increased, reaching $25 for longtime customers compared to $40 for traditional banks [13] - The stock is down 23% from its high due to economic volatility in Brazil and the sale by Berkshire Hathaway, but continued high growth is expected to drive the stock higher over time [14]

Banks are closed all weekend.#Bitcoin never closes. https://t.co/up0sSEbG1I ...

Core Viewpoint - Changshu Bank reported strong financial performance for the first half of 2025, with significant growth in revenue and net profit, driven by high non-interest income and stable net interest income growth [1][3][7]. Financial Performance - In 1H25, Changshu Bank achieved revenue of 6.06 billion, pre-provision profit of 3.93 billion, and net profit of 1.97 billion, representing year-on-year increases of 10.1%, 11.3%, and 13.5% respectively [1][3]. - The annualized weighted average ROE was 13.34%, an increase of 0.06 percentage points year-on-year [1]. Asset Quality - As of June, the non-performing loan (NPL) ratio was 0.76%, remaining stable quarter-on-quarter and down 1 basis point year-on-year [2][6]. - The provision coverage ratio stood at 489.5%, indicating strong asset quality management [2][6]. Loan and Deposit Growth - Total assets grew by 9.2% year-on-year, with loans and financial investments increasing by 5.2% and 12.7% respectively [4]. - The bank's loan additions in 1H25 totaled 10.61 billion, with corporate loans, personal loans, and bill financing contributing 5.73 billion, 1.36 billion, and 3.52 billion respectively [4]. Non-Interest Income - Non-interest income surged by 57.3% year-on-year, with fee income increasing by 41.9% due to strong performance in self-operated wealth management and agency services [3][5]. - Other non-interest income rose by 44.6%, benefiting from a recovery in the bond market and improved investment returns [3]. Cost of Liabilities - The cost of liabilities improved significantly, with deposit growth of 9.9% year-on-year and a reduction in interest rates on deposits [5]. - The net interest margin decreased by 21 basis points to 2.58%, but remains at an industry-leading level [5]. Dividend Policy - Changshu Bank announced an interim dividend of 0.15 per share, increasing the payout ratio by 5.5 percentage points to 25.3% compared to 2024 [6][7]. - This reflects the bank's confidence in future profit growth and commitment to shareholder returns [7]. Investment Outlook - The bank is expected to see net profit growth of 13.1%, 12.8%, and 12.3% for 2025-2027, with corresponding BVPS of 9.85, 11.37, and 13.08 [7]. - The current PB valuation is 0.8 times based on the closing price on August 7 [7].

截至2025年8月8日收盘，农业银行（601288）报收于6.71元，较上周的6.33元上涨6.0%。本周，农业银 行8月8日盘中最高价报6.75元，股价触及近一年最高点。8月4日盘中最低价报6.33元。农业银行当前最 新总市值23483.86亿元，在国有大型银行板块市值排名3/6，在两市A股市值排名4/5151。 本周关注点 公司公告汇总 农业银行H股公告显示，截至2025年7月31日，H股和A股的法定/注册股本分别为人民币30,738,823,096 元和人民币319,244,210,777元，总法定/注册股本为人民币349,983,033,873元。已发行股份方面，H股和 A股数量保持不变，分别为30,738,823,096股和319,244,210,777股，均无库存股。优先股方面，代码为 360001和360009的优先股各400,000,000股，不计入注册股本。此外，根据优先股条款，在触发事件时可 强制转换为A股，转换价为每股人民币100元，可能发行的A股数量为32,520,325,203股。本月内，公司 未发生股份期权、权证、协议或安排等引起的股份变动。报表由公司秘书刘清提交，呈交日期为202 ...

毕超 刘鑫 著 深圳商报·读创客户端首席记者 魏沛娜 AI大模型的崛起为银行业带来了怎样的变革机遇？ 《AI大模型重塑现代银行》一书旨在深入探讨AI大模型在银行业的应用与实践，为银行业从业者提供全面的参考 和启示。该书从变革前奏、重塑之力、技术融合、技术基石、前行挑战、未来已来以及实践指南七个部分，系统 地阐述了AI大模型在银行业中的重要应用和影响。 中国出版集团有限公司 研究出版社 2025年6月 《AI大模型重塑现代银行》 人工智能。 本书作者表示，在科技飞速发展的今天，人工智能（AI）正以前所未有的速度改变着各行各业，银行业亦不例 外。作为金融服务的核心提供者，银行业面临着数字化转型的迫切需求，而 AI 大模型的崛起，为银行业带来了 前所未有的变革机遇。"作为银行业人工智能技术研究和推动人员，我们深知AI大模型对银行业变革的重要性和紧 迫性，希望通过本书的撰写，能够为银行业从业者提供全面、系统、实用的参考和借鉴，助力银行业在数字化转 型的道路上迈出坚实的步伐。同时，也希望本书能够激发更多关于AI大模型在银行业应用的思考和探索，共同推 动银行业向智能化、个性化、高效化的方向发展。" 上海财经大学滴水湖高级 ...

Core Viewpoint - The recent Central Political Bureau meeting emphasized the need for deepening reforms and leveraging technological innovation to drive new productive forces, with a focus on fostering internationally competitive emerging pillar industries [1] Group 1: Financial Support for Technological Innovation - The banking industry is enhancing financial support for technological innovation, aiming to provide comprehensive financial services for key aspects such as R&D and results transformation [2] - Banks are restructuring their internal organizations to establish coordination mechanisms for technology finance, enhancing collaboration across departments [2] - A differentiated risk assessment system is being developed by banks to focus on technological innovation elements, improving risk management capabilities [3] Group 2: Service Efficiency and Digital Transformation - The banking sector is advancing digital empowerment by utilizing big data and artificial intelligence to transition financial services for tech enterprises towards digital and intelligent processes [3] - By integrating various data sources, banks are creating precise enterprise profiles to improve risk assessment and service efficiency [3] Group 3: Focus on Emerging Pillar Industries - The banking industry is extending financial support to emerging pillar industries, facilitating the transformation of technological innovations into productive forces [5] - Banks are designing specialized financial products to inject strong funding into internationally competitive emerging industries, aligning with national industrial development strategies [5] Group 4: Case Studies of Financial Support - Industrial upgrades are being supported by banks, such as the example of a drone company in Shenzhen receiving a 10 million yuan loan to alleviate liquidity pressures during critical R&D phases [6] - Another case involves a technology company in Suzhou receiving a 20 million yuan credit loan without collateral, enabling it to expand its R&D team and accelerate product iteration [6] Group 5: Recommendations for Financial Product Development - Banks are advised to focus on developing customized financial products for emerging pillar industries, including technology bonds and asset securitization [7] - Emphasis is placed on promoting financial products that leverage "soft assets" like intellectual property pledges and accounts receivable [7] - The use of syndicate loans, acquisition loans, and project financing is recommended to support enterprises in utilizing both domestic and international markets [7]

Core Viewpoint - Postal Savings Bank of China (PSBC) is actively supporting rural revitalization through innovative financial products, focusing on agricultural financing to enhance the vitality of rural industries [1][2][3][4][5] Group 1: Financial Products and Services - PSBC has introduced various financial products such as "Credit Loan," "Industry Loan," and "Express Loan" to address the financing challenges faced by farmers and agricultural operators [1] - As of June 30, PSBC's Yongfeng County branch has disbursed over 300 million yuan in personal loans, benefiting more than 800 households with over 700 million yuan in loans for new agricultural entities [1][2] Group 2: Impact on Agricultural Development - The introduction of the "Industry Loan" has enabled farmers like Li Xiaoqiang to expand their peach orchards from 5 acres to 75 acres, leading to the establishment of a 3,500-acre peach industry in the region [2] - The total peach production in the area is expected to exceed 1.5 million pounds this year, generating over 12 million yuan in revenue, with an average annual income increase of over 30,000 yuan per household [2] Group 3: Success Stories of Farmers - Farmers like Chen Xue have benefited from PSBC's "Online Credit User" loans, allowing them to manage their operations effectively without collateral, leading to significant income increases [3] - The lotus farming area has expanded to over 2,000 acres, with more than 500 households experiencing an average income increase of over 20,000 yuan annually, transforming the region into a prosperous agricultural hub [3] Group 4: Community and Cooperative Development - The "Express Loan" has facilitated the expansion of family farms, enabling farmers to increase their planting areas and introduce high-end crops, significantly boosting their income [4][5] - PSBC's targeted credit strategies for six major income-generating industries have led to the creation of over 3,000 jobs in the county, with family farm owners becoming key players in rural revitalization [5]

Core Insights - The article highlights the successful transformation of a small-scale sweet potato farming operation in Yunnan's Dehou Town, driven by financial support from Agricultural Bank of China, which provided a timely loan of 300,000 yuan at a preferential interest rate [1][2]. Group 1: Agricultural Development - The sweet potato farming area in Dehou Town has expanded from over 1,000 mu to more than 3,000 mu, establishing the village as a notable "sweet potato village" [2]. - The couple leading the farming initiative implemented innovative farming techniques, such as "deep ditch and ridge" planting and "staggered planting," which resulted in a yield increase of nearly 40% compared to traditional methods [2][3]. - The average yield for the couple's 800 mu of sweet potatoes reached 3,000 jin per mu, with selling prices increasing by 50% [2]. Group 2: Financial Support and Services - Agricultural Bank of China has introduced specialized loan products like "Sanqi Loan," "Ginger Loan," and "Konjac Loan" to support local agricultural industries, ensuring financial resources are directed towards the unique needs of these sectors [3]. - The bank's approach includes on-the-ground engagement with farmers to understand their operational conditions and tailor financial services accordingly [3].

每经编辑｜何小桃 2万元存银行近30年，利息有多少。 据多家媒体报道，1997年，魏阿婆在银行存入定期存款2万元，银行开立2张手工存单为凭。直到2024年年底，魏阿婆才前往银行要求支取存款。让她吃惊 的是，银行工作人员在结算后仅仅支付给她不到5000元利息。 魏阿婆在银行存入 定期存款2万元 银行开立两张手工存单为凭 直到2024年年底 魏阿婆才前往银行 "法官您看，1997年存的2万块，按说滚到现在怎么也得翻倍了，可银行就给了不到5000的利息！"魏阿婆拿出一张写满计算公式的纸，"我算过，要是自动 转存，最少得差两万八！" 魏阿婆将银行告上法庭，要求银行赔偿按自动转存应得本息的差额2.8万元。 存单到期后 究竟有没有自动转存？ 1997年 要求支取存款 让她吃惊的是 银行工作人员结算后说 利息不到5000元 工作人员解释说 因为存单是早期手工开具的 存单上未标注自动转存 所以未约定自动转存的部分 按活期计息 这让魏阿婆十分生气 她说当年存钱时 虽有调解员多次介入协调 但双方始终未能达成一致意见 魏阿婆认为，银行应根据客户意愿办理自动转存业务，而且其他金融机构在类似情况下通常也会为客户办理自动转存。但在长达2 ...

针对部分金融机构损害民营企业权益的行为，《指导意见》直指规范金融放贷行为。文件要求依法规范 金融机构单方面增加发放贷款条件、中止发放贷款、提前收回贷款行为，确保民营经济组织的合法权益 不受侵害。 该条明确提出，规制"高利贷"、"砍头息"等违法行为，同时还规范了金融机构放贷行为，并鼓励创新融 资担保模式，为民营经济发展注入法治动能。 0:00 8月8日，最高人民法院发布《关于贯彻落实〈中华人民共和国民营经济促进法〉的指导意见》（下称 《指导意见》），针对民营经济发展痛点，亮出25条具体司法保障举措，其中剑指"融资难、融资贵"顽 疾的"依法助力拓宽融资渠道"部分尤为引人注目。 ...