（编辑 丛可心） 证券日报网讯 1月6日，上海银行在互动平台回答投资者提问时表示，公司遵循监管导向，聚焦主责主 业，不断提升核心竞争力和内在价值，着力深化高质量发展，同时把握资本市场机遇，积极加强与股 东、投资者和资本市场的交流，促进投资价值传递。 ...

12月29日金融一线消息，兴业银行公告称，今日，公司收到《国家金融监督管理总局关于兴业银行修改 公司章程的批复》（金复〔2025〕762 号），本公司修订后的公司章程已于 2025 年 12 月 26日获国家金 融监督管理总局核准并生效。 自公司章程核准之日起，公司不再设置监事会，由董事会审计与关联交易控制委员会行使《中华人民共 和国公司法》及其他法律、监管法规规定的相应职权；监事会下设的各专门委员会一并撤销；《兴业银 行股份有限公司监事会议事规则》《兴业银行股份有限公司监事会各委员会工作规则》等监事会相关公 司治理文件同时废止。 张国明、余祖盛、林舒、朱青、孙铮不再担任公司监事及监事会相关职务，其均已确认与公司无不同意 见，亦无与其不再担任监事有关的其他事项需要通知公司股东及债权人。 责任编辑：王馨茹 12月29日金融一线消息，兴业银行公告称，今日，公司收到《国家金融监督管理总局关于兴业银行修改 公司章程的批复》（金复〔2025〕762 号），本公司修订后的公司章程已于 2025 年 12 月 26日获国家金 融监督管理总局核准并生效。 自公司章程核准之日起，公司不再设置监事会，由董事会审计与关联交易控制委 ...

如有疑问请咨询温州银行客服热线(浙江地区：96699、上海地区：962699、其他地区：0577-96699)。感 谢您一直以来的信任和支持。 2025年12月25日，温州银行发布公告称，因系统维护升级，温州银行将暂停部分电子银行渠道(含温州 银行APP，下同)自助服务，具体内容如下： 2025年12月27日22：00至1月1日4：00将暂停电子银行渠道的贷款自助提(还)款功能，请您提前做好资 金安排，由此给您带来不便，敬请谅解。 ...

Core Insights - Morgan Stanley analysts predict the S&P 500 will return 6.3% annually over the next seven years, significantly lower than the 15% annual return of the past seven years due to high starting valuations [1][2] - Emerging-market equities are expected to return 8.9% annually, while Asia-Pacific equities are projected to return 7.9% annually over the same period, indicating a more favorable outlook compared to U.S. stocks [3] Vanguard FTSE Emerging Markets ETF - The Vanguard FTSE Emerging Markets ETF tracks 6,000 companies in emerging markets, with a focus on China, Taiwan, and India, and is heavily weighted in technology, financials, and consumer discretionary sectors [5] - The fund has an expense ratio of 0.07%, significantly lower than the average of 1.2% for similar funds, making it an attractive option for investors [6] - The top five holdings in the ETF include Taiwan Semiconductor (10.3%), Tencent Holdings (4.5%), Alibaba Group (3.2%), HDFC Bank (1.1%), and Reliance Industries (1.1%) [7] Vanguard FTSE Pacific ETF - The Vanguard FTSE Pacific ETF measures the performance of 2,300 companies in Asia-Pacific, particularly Japan, Australia, and South Korea, with a focus on financials, industrials, and consumer discretionary sectors [8] - This fund also has an expense ratio of 0.07%, lower than the average of 0.68% for similar funds, making it a competitive choice for investors [9] - The top five holdings include Samsung Electronics (3.2%), Toyota Motor (2.1%), SK Hynix (1.9%), Sony Group (1.7%), and Mitsubishi UFJ Financial Group (1.7%) [12] Historical Performance Comparison - Over the past seven years, the S&P 500 returned 198%, while the Vanguard FTSE Emerging Markets ETF only returned 71%, highlighting the underperformance of emerging markets relative to U.S. stocks [5] - Similarly, the Vanguard FTSE Pacific ETF returned 77% over the same period, again underperforming the S&P 500 [8]

Joining us with his take is JP Morgan Asset Management Chief Global Strategist David Kelly. Let's start with jobs. Uh weakest we've seen, I guess, in four years.What do you mean. What does that look like coming into the new year then. >> Well, it is pretty weak.Of course, there are lots of gaps in the data and there questions about the quality of the data, but the bottom line is highest unemployment rate in over four years and the lowest year-over-year wage growth in four years. And you know, one of the thi ...

Group 1: Core Insights - The article recounts a personal experience during the 26/11 Mumbai attacks, highlighting the proximity of the narrator to the events and the emotional impact of the attacks on individuals [1][2][6] - The narrative emphasizes the randomness and fragility of daily life, illustrating how ordinary routines can intersect with extraordinary violence [2][6][11] Group 2: Film and Cultural Context - The film "Dhurandhar," directed by Aditya Dhar, serves as a cinematic retelling of the 26/11 attacks, prompting reflections on the traumatic events for those who experienced them [2][12] - The film features a star-studded cast and is described as an explosive spy action-thriller that connects to real-life terrorist incidents, including the 26/11 attacks [13][14][15] - The portrayal of the attacks in the film is noted for its directness, including controversial aspects such as the involvement of political figures, which adds to its impact [12][14]

Standard Chartered just delayed its $500,000 Bitcoin price target by two years. The UK-based bank now expects Bitcoin to top half a million per coin by 2030, instead of 2028, citing three structural changes that have forced the firm to pull back its prediction. “Price action has forced us to recalibrate our Bitcoin price forecasts,” Geoffrey Kendrick, global head of digital assets research at Standard Chartered, wrote in a research note to investors on December 9. The forecast comes after Bitcoin droppe ...

Core Insights - State Bank of India (SBI) has seen its total business grow from ₹332 crore in 1955 to over ₹100 lakh crore, with expectations to double to ₹200 lakh crore by 2031, driven by 10% deposit growth and 12% loan growth [1][3] - SBI's assets currently represent 20% of the Indian economy, with a goal to increase this to 25% [2][9] - The bank's market capitalization is around $100 billion, ranking between 23rd and 29th globally among banks, with aspirations to enter the top 10 by 2030 [5][6][7] Business Growth Projections - SBI's current business consists of approximately ₹55-56 lakh crore in deposits and ₹44-45 lakh crore in loans, indicating strong deposit mobilization and lending capabilities [2][4] - The bank anticipates adding ₹10 to 11 lakh crore to its business annually, with a compounding effect expected to facilitate the doubling of business in 6 to 7 years [3][4] Market Capitalization and Ranking - SBI aims to achieve a top 10 global bank ranking by market capitalization by 2030, contingent on the performance of the Indian economy and capital markets [7][8] - The bank's current ranking in terms of assets is 46th globally, but it performs better in market capitalization due to favorable valuations for Indian financial services [6][9] Credit and Deposit Ratios - SBI's credit to deposit (CD) ratio is currently at 69.82%, with plans to increase it to 72-73% by March 2026, reflecting a strong deposit base and lending capacity [10][11] - The bank's large deposit float allows it to support significant credit growth without aggressively competing for bulk deposits [11] Capital Requirements and Financial Health - SBI does not anticipate needing to raise capital for the next 5-6 years, maintaining a target capital to risk-weighted assets ratio (CRAR) of 15% and a common equity tier-1 (CET1) ratio of 12% [12] - The bank's robust internal capital generation and expected credit growth support its financial stability and growth ambitions [12] Interest Rate Environment - The recent 25 basis points repo rate cut is not expected to lead to aggressive reductions in deposit rates, as credit growth remains strong and banks will continue to seek deposits [13] Strategic Investments - SBI is open to offloading its remaining 10.78% stake in YES Bank but prefers to wait for strategic investors to settle [14]

A version of this story appeared in The Guidance newsletter on December 1. Sign up here. Hi all, Liam here. A leading trade group for high finance has a few notes for the Securities and Exchange Commission on its ambitious crypto plans. The Securities Industry and Financial Markets Association issued a letter last week, cautioning the SEC about its approach to tokenisation. The letter was a response to the watchdog’s plans — also known as Project Crypto — for developing a “tailored” exemption regime for ...

A long run of dominance from U.S. stocks could be ending.U.S. stocks have done very well for the past 15 years. According to research by Dodge & Cox, U.S. stocks outperformed international stocks by over 500% from 2010 through last year.Yes, the United States is an economic juggernaut and a pillar of the world's economy. That said, the U.S. stock market is near its highest valuation on record, leaving a significant valuation gap between U.S. and international stocks.But investing in non-U.S. companies isn't ...